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Have we had this yet? Latest accounts filed for Allamhouse Ltd..

Discussion in 'Hull City' started by Tigerite, May 17, 2017.

  1. Tigerite

    Tigerite Well-Known Member

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    #1
  2. Chilton's Hundreds

    Chilton's Hundreds Well-Known Member

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    Consolidated group accounts can be confusing especially when the financial year end dates differ for some of the companies.

    I think we'll need to wait for Hull City Tigers Ltd accounts for the interesting stuff - which will be some months yet.
     
    #2
  3. PLT

    PLT Well-Known Member

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    Well fancy that.
     
    #3
  4. hovetiger

    hovetiger Well-Known Member

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    #4
  5. Barchullona

    Barchullona Well-Known Member

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    #5
  6. Leon T Trout AFC

    Leon T Trout AFC Well-Known Member

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    "The current total of debt owed to Assem Allam at the end of the year stood at £11,921,721,"

    What's the total debt the club owes the Allams?
     
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  7. Edelman

    Edelman Well-Known Member

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    Just thinking the same !!!
    Pete can you work it out please.
     
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  8. originallambrettaman

    originallambrettaman Mod Moderator
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    We don't know until City's accounts are released.
     
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  9. Obadiah

    Obadiah Well-Known Member

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    I can't get to see the accounts as it comes up as bad gateway. From memory I think the total amount Hull City owed Allamhouse as at 31 December 2016 was about £68 million. I think the club owes some money to Allam Marine as well but cannot check that either.
     
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  10. originallambrettaman

    originallambrettaman Mod Moderator
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    Rick's tweeted that club debt to Allamhouse is down to £60m.
     
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  11. ImperialTiger

    ImperialTiger Well-Known Member

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    Who the hell has proof-read that at the accountants?

    Strategic report

    Football

    "Cost of sales have slightly decreased to £47,247,972 from £47,247,972 (-1.3%)"
     
    #11
  12. ImperialTiger

    ImperialTiger Well-Known Member

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    How does he know that? The consolidated group accounts are to 31 Dec 2016 and the last filed City accounts were to 30 Jun 2016.
     
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  13. Kempton

    Kempton Well-Known Member

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    Next season will tell us everything we want to know.
     
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  14. originallambrettaman

    originallambrettaman Mod Moderator
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    Dunno, I only glanced at them earlier, but assumed the detail's in there somewhere, Rick doesn't normally post anything he's not sure of.
     
    #14
  15. Barchullona

    Barchullona Well-Known Member

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    The same proof readers the Grauniad and the HDM use?
     
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  16. Obadiah

    Obadiah Well-Known Member

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    Rick appears to be confusing the figure for capital and reserves (£60.7 million) as the amount of the loan outstanding. Note 11 to the accounts shows the amount of loans outstanding from group companies to Allamhouse to be £68 million. I think all of that is from Hull City.
     
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  17. ImperialTiger

    ImperialTiger Well-Known Member

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    The amount in the football accounts was £77m as at 30 Jun 2016 (although some of that could be owed to SMC).

    Edit to add: we can all speculate on what's happened since the end of last June but no one will know without the relevant accounting info.

    Last accounts were filed in Oct 2016 so we probably have a while before we will have any answers (don't need to be filed until early 2018).
     
    #17
  18. Obadiah

    Obadiah Well-Known Member

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    From memory I think Allam Marine is owed money by Hull City as well. It should be in their accounts if it is. The loan will have gone down by a few million because of the fair play rules.
     
    #18
  19. Happy Tiger

    Happy Tiger Well-Known Member

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    3 million to charity?
     
    #19
  20. ImperialTiger

    ImperialTiger Well-Known Member

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    Last football accounts show Hull City owe £77m to group and are owed £11.55m by group.

    SMC owed £152k from group and owed £11.55m to group (so Hull city and SMC amounts cancel out).
     
    #20

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