efc 1989 1990 accounts

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NOTICE o r I L L ] ~ G I B I J E DOCUIVIENl"f ON TIlE l\1ICROFICE RECf)RD L f I Comp an ies House regr et s-th at the micr ofic herecordfor thi s comp any contain SOUle documeuts whic 11 are il leg ib le. '. The poor qual it y has been noted, but unfortunately st eps taken to improve them were unsuccessful. Co mp anies Hous e woul d like to, ap ol og ies for any inc onve niencethi s may cause. \' ' // / [' ,\ '.1 J) II , , ,AWAADEJ> ftm EXCELLENCE rt No. F'S 31059 lonnol & TraInIng l a l i l e ~ HOUSf! 15 an EXdcutiva- AlJen/'y of 1 ( l ~ O t ~ p a : t m l : ! l l t af T r ~ < 1 e ,'md Industry I , I> { (

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Page 1: EFC 1989 1990 Accounts

8/7/2019 EFC 1989 1990 Accounts

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NOTICE or I L L ] ~ G I B I J E DOCUIVIENl"fON TIlE l\1ICROFICE RECf)RD

L f I

Companies House regrets-that themicroficherecordfor this companycontain SOUle

documeuts whic 11 are illegible. '.

The poor quality has been noted,but unfortunatelysteps taken to improve themwereunsuccessful.

Companies Housewould like to, apologies for any inconveniencethis maycause.\'

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/ ['

,\

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J)

II

, ~ , ~ I

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THE EVERTON FOOTBALL CL..UB COi\1PANY Ui\UTEO

ft..'OTICf OFAIEETING

a.,nkN5

TSll 8M'''- ptt,

M ~ n a g ~ rJ, Cu 1{llt'Vt'\

ll:.uditors

I{o;wn" How Ier &. Cu

Directors

P. D ('A::11 11 , f B f 'I t h,wm.Hl}\ \\'1 \ ~ . ' ~ t t l t ~ \ \ m 1 1 iK ( ~ · t TElI':lhn

(J. t\ n N('wlnnn I i Pltfhl'ir

D" ,'1.Mahh\V. K r O \ H . ~ ~ 1

Scnetil'1' and R l ~ g i ~ t N M J OW,

; Gn'Nlo:.'t()od"( j o t ) d l ~ n n P J ! ~ ; t h ( ) ~ l l f 1 , J l ~ l4 oIf t

'-

Admisslon on P r ~ ( ' l 1 l a t i o n o(Annual Report

2irtJ j l l l ~ ' . , 1q ~ } 1 J

P f t A ' ( W ~ m o ~ r Ir.(1 In&Jw'd til ' l I f ~ ~ P ~ J + . I N l ' ( 1 n j ' { ~ : r ; oj ,Ih'

( HmJl.10\. m,;! It,,-!v, tfhM ·m Jum.rs h ~ ~ t o u ' fllt' W - ' H ~ 01 aM'

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, ~ t l 1 ~ f ! IU !\f BY (Ji\ ( NHMI tht"\ 4UW lumdu..f & ( ' h " , t ~ ' llh

/\flJHMI ( ; t1iw !'Jl .Mt'H tOHt\ f th(' C U m I H n ~ " ",sUIU' held l l tilt',»iht. Q.h, tt ' Thf'hHton roulb.:J1l ( luh t n m J H n ~ ' I unurd,( ~ o H d l \ : f m (l(,n"'., I ~ \ N p H n I 1 4 4H" un lhlH'\tJ.W lht, l'ird Ua\.'h /\'itgu".!. p·14a, at ';T WGPm In rf't ('IU"' clod t o n ~ l d ( " r tilt:~ f ' P l l 1 ! ut .liP O l H ' ~ tl.r,,"anddw/\(.\.uunti\ (tH' tlw \ ear l'f1df'd, ht I M t ' ~ 1litm, ~ ~ P ~ ( \ , f') 'fh t p ! ~ ..11 hWI)i)IIH A u t J H o f ~ 1(1" ~ h ( l 'f · n ' U ; O ~ ~ ( ' ~ \ r . and e l i t 1 \ , 1 t ( ~ l r n ' I J ~ m ~ 3 w r " t l f m , and I t ; H l ~ j ) S ~ l ( l'an\'l!h-l'l " I l \ f n f " ' 1 ~ \ \ ' h ~ l h mol't htl U ' < l n ' h )lt('{f Jt l h i ' A n l 1 u c } ! { ~ ( ' t ! f ' r j l l

M n ~ ~ w H (d tht.' C \mp.ln'li'

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THE EVERTON fOOTBAl;" CtUB C O ~ 1 P A N Y U ~ ~ \ I 1 € DCl-IAIRMAN'S REPORT

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and ~ U P ~ l ( > r t t ,.uti I J..nU'\\ tlh1t ~ " \ I t \ r v { ) I l < ' t1th('rWn I C \ ~ ) ~ hhim ~ htlPP\ ,lntl w t ) ' " , m ~ H ~ t 1 f f " n w nl Ii,Ut\', \'t' lit .JIWil.rs hi.'Wt'!,om£\ _Il dw { iU'.l.

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______________""''- ~ _ . . _ O = ~ ~ . - ~ _ = . _ . . " , . .

- - . . . - - - - - - - - - - - - - - - - - - - - _ . _ - - - _ . - - - - ~ ~ ~ - , . - , - - - = - ~ ,"...=-.,.

THE EVERTON FOOT'8AlL CLUB COI't'U'ANY LIMITED

CHAIRMAN'S REPORT continued

PHIUf' CARTERCh.urrn ..Ul

1ilh July 199tl

8ullr-o't ROMf r),,\rldo{ b\\ lillI{'"",l!,nj 10 h f ' . 1 1 ( j ~ n . ~ ~ l \ newPoll!e Room \\ 111.)(' t ~ ? O t ; ~ , m ~ t 8 ~ i l ~ n " , ~ ' ; ~ w P l » ~ i 1 ~ ~ : ~ f " c ~ ' , IIOtiC' 01' t h ( ~ Itl.t\'lmodt1lf1 Il1lJw ( ounlry

Thr PA S ~ ...tern \'iIU ht.· t.'),t()nl!<..-i eu tfw m [ h , ~ k J , ground

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H r . - } ( j t ~ tOIIl-ts, mort' 111<1(1 t f ' l J t J b l i n ~ tht'a1.:m t t n ~ ' \Jl{>ki! IR,19A.9190h'Mn, lal"(tilr,,

\ V ani r ~ ( u t b I S h m R thebox h : } ! c k , ~ · f ( ) ~ J n R P Mut I'; 'd\ ~ t 110 ,uJdltlonal mJt( l' day 'B(tlfl..t H ~ l d · l ( ) u l l . W to j>\1Nldc l l l ~ m g f , l " i f l l l ( ~ "

( ) n ~ ~ w m g dl't( t i ~ . , i o n ~ ()ntfnup r ~ ~ , \ r d l n J ~ tht" P t " ' J ' l l l ~ ~ ( \development Of l h l ~ P,l'''-lnd ~ t J n d ,NEC,. our 'th" t s p - ( ) n ~ o t , tonl lnU(lIO ~ ~ i \ ' ( \ the('Ilib d w ~ d

~ U P P O r 1 , and w ( ' \ \ '(I l(-' d ( ~ I J H h U ' d to to-n JX\MU' I ~ z0lJ.lkcl'Oh4l11d promotmnal.Ktl\'Jty dunrm(Jur ; ~ ' ( t"nl \ ~ ~ I dw Lu Ell'll.

fl.ir. Rill St:ott••tfmmllrChJlrm.,n fWI1l1qj'(J' 1 9 ~ H f l " ~ , aftN J.2 ~ t \ l r ~ , , ~ a Dirpnnr, \V(\ w l ~ h h H 1 ~ ,\ (,11 to h . ' l ~ tm ( ~ " t , 6lnd ..m.' d ( ' l I . ~ h t l ~ d lhdt h t ct)uhnu('", (() ~ 1 U N ~ d I'.·ogamt'; Mr mu K N \ " i l l ~ h [ \\oi1t" \ . ( H ) ; l l l ~ d 10 th,' BOMd h)th£' \ ~ l l l ' ~ l n ( Y A lmd W t HU'ltlh.\t Iw ('nlOV"thit, l ( ! n U l l ~ n! o!hIwould wish 10 p ~ . l ~ ( , - on r old to}' de«p ,11}prCU,\tlnn

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oper,ltmndUringthe hornl' f ~ l n l { ~ , butW-cTl' ''fISK r r n ( ~ J aboutIIt("plt(h I O V \ l ~ l O n forth" 1 1 1 ~ t game (){ lh(- ~ ( \ l " ' ( l f l «Jut." r n , l i n l ~ <to thl' f . ~ ) , . u l l < ' l ~ n { t ' of our j ' , l J \ ~ \ 'V(t t r u ~ t l h , l ~ (lV(,I)'Ot'<"willp ( a l . ' t \ t ~ rrstft\int<.luting , h Ol'\t W " ) ~ O O "DUling t h ~ ~ S ( ' a ~ o n W(" tlppornted' (':< Chlt-" Supt.Norman

f lautlJ!ld \ i th1 J (Jub"'J ~ J t N Y r ( J l 1 ( " l . d ~ l O l , Mr .. f l J n k l a m h " ' - I ' l ~one () f t h l ~ m05t (l\prrwtlt. ed IloHu'" Offit.N \ In 1 h Country

in'hI'MeJ oj CrowdControf ,le OlI'Jor f ( } o t b ~ \ H grounds H J r { " ~ p n n f , i l u h t y IS to('nSlIlt' that t h tluh oprr.,tl'.1 ,'ull)'\\'uhu\the f ( ' q u l t f . . l o m { " r \ t ~ oi IJw S l \ t e t ~ · Cer1i(l( i l l ~ " c'Ind MlY otherI ( ' H ~ s l ~ t i O n J H ( ~ ( tmggrwJI1d safNyIh.lt lJMV lw m t r o d u ~ l Intil{" IUlur{i,

()u,mg Ih(' r r O \ C " · ~ ( l ~ l ~ O n W'C'WIII fontlnull' to ,mpluve !In't l J h l i t ~ and ~ l ' f \ " « ( ' " III th(i (Iub, whiM i l T 1 p l p n w n l : f \ t ~ ! ' u n u ~cd dwTaylor R<"I>Ort rt!( ( ) m n \ ( , l l d , l t , n l l ~ . ,

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THE EVERTON FOOTBAll CLUB COMP,I\NY usuraoPROFITAND LOSSACCOUNT FOR THlf YEAll ENDED 31st AfAY 199D_______________ .. Ilo..__ ~ _ _ = " " _ r

N o ~ ~ ~ II.t!lO ti,

Incometliltl1 r l ~ - e l p t \ and tncomo from t ~ ' a t ( ' t I (ootbafllng a ( ' h \ ' l t l C ~ ~ 4 ~ ~ M 4 , ) lllb 4,};: i

l r i l d l f \ ~ a ~ , f l o t f : ~ « !"conn'- ' , ( , ( ~ ~ ~ H ; , ,1" ',,,,;;~ " - , - " ; ~ ~ : 1 ; ; - . -

5 ~ ~ ) 2 9 , . ) 7 1 f:i,::,(,m

ExpcndllurcCost of goods for 1 ( l ~ ~ ) l l ' IJ1 2 n ~ 1 1 ~ till ,j

St.lf( c:mt.. 10 , l ~ 2 0 C J / t H ;; l:lhH

T r ~ 1 I n i n 8 ' 1 travel, n l ~ ' I , h and otherexpenses hiO,27!\ ~ h t l , Ground e X I W n ~ ( ~ andm41intt"nMlt.(' );1:1<822 J f ] j lUtihhc'i 3(18Q134 , ~ 1 4D ~ p r ( ' { 1atIon Z 12 Jl'123 '00,

Aud,tms' rernunerauon 6 ~ O O ( J t;

Other ( } J ~ r & l . t i n ~ ~ ( t x ~ n ~ ~ ~ 11.3,·105 '](,9,~ _ . ~ H O I f ' _ " " " " " ' ~ ~ - = - ~ ; - C · ~ l : : ~ ~ . - ; " '

5,.6b4,3Tt r.J.."4 f)s~ w " 1 ' Y . : r ~ ~ 4 " ' , = , i 1 % l : l ' . . . a , . : : . ~ . . . , : : ; _ " = s.... ~ _ w ~

Balan(ebefore lr;ansr"\f fcc! 2 ( ' 4 ~ 7 6 0 J r ; : l AdlJ.' T r ~ n s f ( \ r fees rei. ch'lj)ble J,214,484 2 . ';,.

Dtducl: TransfC'r fees, ( ~ t C . 1 payable f3n1 J1,9(0) N p.fJq,

•. I . l O I " J r . . ' ~ ~ ~ t " . . r . . : ; - - K ~ - = - ~ -.

OperaUngloss t232.656) f L 8 c " ~ , . Add: Inl('test ' ' L ~ e l v a b l e 41

f9261 7 ~

D e d u ( t ~ InlNC'it p,lpbfe 11 t2&.8'3-Sl nt?~ ... . . - : ~ .... ~ ~ . , , ' .. , . . . r . » 1 l ' ~ ~ " ~ 1 ' l r "

Loss on ordinary ilCllvllles before t.\Xdtton t216wSbSJ (1 p l J . f t ' ~TtJ)ll1fiOn re ordinary <1Ctl\'ltICS 12 ijJ

~ " " ' . . - l ~ C ~ ~ ~ . : = : y ....a-." L 2 ~ : = . = - - - ' : l ~ _ " '

Loss on ordln.1ry activities a r t ~ r tax3-lloo t2 t";,st,:i) i1..7114.

Add: D ( ) n a t l o n ~ ~ ( e i V c l b l e 13 113,513 ~ [ M ,T' ~ l n ~ f ( ) r (romTrc1n!lfN F t ~ s R e ~ e t V ~ 9 50().OOO ~ . , , 1 . S 0

l)t'do[l' Tr,'lns(cr to T r . ' l n ~ f ( l r FN.!S Reserve 9 t500.000) ( 5 a t ) ' " " " ; ~ ~ ~ . . . . . . - . : : ~ . " . ~ , ~ : ; . . ~ ;

Ioss (ransferred to reserves( 1 9 8 9 ~

Profit) 002,992) b9.~ ' ~ ~ ~ " " : ' ~ a Q l i l J ~ ! ~ . ~ " " " '

1

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--- ' . . . . .-----------------_ .. _ - - - - - - - - - . . . . - - - - - - - - - . . - = " ' ' " ' ' " =THE EVERTON fOOTBALL cius COMPANY UhilTED

BALAf\N::E SHEETASAr 31stMAl' 1990

COMPANlES HOUSE .

02NOV t9?O

8 2 ~ 5 0 0 ;;L9 2,916,.341 1., ~ rh,q S O O ~ O O O ~ r f j 9 862,773 !}[i.$

~ : ~ ~ ~ ~ : a L \ ~ / · ~ ~ - . . : . . : = E . t - . : t ' ~ \ . I . C

4_301.bl·' 4 A 0 4 ~ b (~ ~ " 4 , . . : : n o ....... ~ - " . ~ - . S o C ' ' '

N C J t ~ ~ l 'J9t) I l ~ N jt: L .i

l 4,.600,8'12 4))14

3 56#190 J , ~ 1 . : 2 ..."4 li65,J61 s t ~ ( J l j . 2 f ~ J

104,31..1 ·1. JihfJ~ # o ~ ~ I I o " ' > ~ : l ' l : , 1\:..."':"- . __ . '-::. ,

1/.025...B67 2.) I _ ~ f j . t14

s 1,509,,675 2 A ~ t l " " 14~ ~ * " ' ~ . '\I lc;:II '; l:;r.... ~ ) 7 ~ ~ : = " : ' ' ' : : ;

(483.608l (Bh/" ' ~ ' - " ' I .. · l A l : : . . I r l I : : t r " " J - " " ~ C " ( " ' l . . ~ -.' 'L

~ t 3 1 f , 0 6 4 ~ S A i ! t

iJ,7 fJ5,,450} ';'3.' t . I ~ ~ .; u<:;... : : : v ~ ~ c ~ - l l . ~ I ~ , , __ = M =

4 , ; l O \ ~ b 1 ~ 4..•n N ~ ., ..... I I . ~ ~ : . n ' J l i C l l L . J . ~ ( = - r '. .=.._" t ~ _-_ -

Creditors: ..'mounts Calling duewithinone y C ' ~ u .

Net C u r r c n l l t a b i l i t i l ~Total A s s ( ! t ~ less C u r r ~ n l U 4 1 b i l l l i ~ ~t:1cditors; amounts ialUoK due ilHermorethimone year

NetAssets

Fixed AssetsTangible ~ \ S E ' t SCurrent A s ~ t t sS t i X k ~l)('blorsCi'lSh ell bank and In hand

R ~ p l ( ; $ ( ! 1 l t ml )

C,pitClI and R ~ C I " \ ' C 5Called up s h i 1 r ~ capnal

t, I Revaluatlon r e ~ e r v cOtherreservesPro{il.,nd loss account

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Iv i - ~ .J ,

94.748

! ~ ..'95()1 ~ 7 q ' l

lQ90 " ' ~ P : 1! L !

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11 t5r.3 UN,

2.1,100 r ; ; , ~62.8(} ] 8,

E ! " " . ~ ~ 0 : 7 0 1 i C . A ~ - , , _ ' l : . ~ ' f t ! • · , ' : ~ , r ).-. .-

104.324 u. t ; m ~

J t : n ~ q b 4 2 : ~ ~ ( j l · '64/360 fm,ltjO

.141 , - 1 44

& . - ~ ~ . ~ - * Y ~ ' : f ,278,]24 ___. ~ J , # ' ~ . : ' I I I l ~ r ~ - r - : ~ . ~ ~ N - . ~ . - . •• 1 ~ I I ; J J ., ,-111 u -t, 7 ~ s

(174,000> tl/J:'),1

1J,(!8 1", ( 1 5 ~ S ~ 4 1~ \ 9 4 . ~ t ~ t J J ' - t , m ~ n ~t9J9,257} f l;ln . 1 ~ " O

~ r . - . t a ~ ~ ... . . - . . . ~ ~ _ ,,08_748 ~ · . ~ ~ p . n . c : ~ - . 7 . ~ f · , ,fo!l f ~ - - : r - ~ V l ' : ! l l l J l r ' l ; " ~ . 7 t ' - ~ : " ~ l I I I C f t i 1 L ~ t ' ~ ~ ~ ' ~ W.,

9·t148 J/; _n"~ ~ .........- , '- - ~ : L . . . ' ,:

Increase In net liquid funds <1989: decrease)

Sourceof fundsFum/!'! 8rnNJtNl (film c 1 M r 4 1 t l O , l l ~ProiltJ'lL.(w,} 00 mchoi\l)" aC'i1villC:S b d n r ( ~ taxauon

AOju'UJU'tH I'fir J(fm, not U $ m ~ f u n d ~ . . . -Orprr<"l.ltton

THE EVERTON FOOTBAl.L Cl.UD COMPANY LIMITED

STATEMENTOFTHESOURCEANO APPLICATION OFFUNDS FOR rueYEAR ENDEDn«AIAY 1

C ( ) m p l j ~ / t ) g ; · n c f ( t . 1 5 ( , ) s ( ( d ( " n " ' M ~ ~ ) m: ...•DI1r\k balant.esC t 1 ~ h inhand

Funds (rom fJlheJ[ ~ ·Ul, ',),

Doot1l!()o" 1 { ' ( ' t : I ~ J h l pS"lcoi f i x ( , , < 1 3 S - ; t ~ l ~(Jrant\(corn The f(»'ltIMtI ( ; f t . ) u f i d ~ I m p H J " { ' m ~ n t s 'rlust

Tot.,l ronds (rc>IU all sources

Application01 fundsPurchase offlxNl assetsR ~ p i 1 y m c n f Of loanv

' T a ~ t j o n Ihlld

Moyernent in \Vorkins C,lpit"IDt'(tC'tl$('JtI n c r e i \ ~ { ' J In st()('k'SO ~ rNSttJ(innl'JsC") jndcb'OlS! o " C a S ( l J t d l ~ ( ( C a ~ , in ct"l1(J,tOrs

-------------_ .. _ - - - - - - - - - - , - - - - - - . . . . , . . " " . - - ~ .. " . , . , . " .

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,...

_ ........ ........---...................__ .........""""'-- '--_,..,..,__. -_---'""""1"""............... ;= . .. , . . . ~ ~ - , , ,

THE EVERTON FOOTBALL CLUB CO,\iPANY lI,\1ITED

NOTES 1'0 THE AceoUNTS FOR TfJE YEAR ENDED 37st AfAY 1990

JllMUJod

' ' ' ( O J ~ t 1 ' e ~ ~ q U l p m t \ 3 ) 1 V(lhlt ! ( ' ~ l~ - - , l : \ ~ ! : M ~ ~ _ . ' ; . ' = ~ . ~ ' _ $ 4 . . " ' ~ ~ ..

( t: L

4A26,519 6 4 ' ~ ' , ~ ~ 197"b04 5 ~ 2 7 1 ( ,9,907 58,,111 1 2 5 ~ 3·1b 19J

UJ2.891) f6.!.

f 4 6 . 0 5 J ~ t·1bJ ~ ~ = : : - " __- " ' C . l ~ ) o j . , " ' ' ' ' ~ ' ' ' ' ' ' ' ; ' _ ' ~ ~ ~ - . . : J i r l o l . # ~ . ~ " " ' ~ ~ ; " . . J . ; : ; : ~ ,- =-=.::=e:::::: _ T

& 1 ~ 4 36f 4 1 . b043,51')U 276.6Q l 51 ) 5 6 l ~

~ k ' 4 - " . n ; ~ .. I 1 : ' ~ ~ : : ; a 9 ! l l " . M r ; : ! : I h " . I r ~ " ' 4 ' ...."QII ~ . t . . . . - . ~ ~ . . u ~ . . , . ~ ~ . _ ~ ~ . l . ~ i L

406,42b ()·B.SSO 276;897 1 , , ' n b ' 1 ~ O 3 0 , O O O 4Mr.30~ " ' ~ " ' . ; ' ; ; ~ - I I r ~ ~ _ . - " I ~ . ~ , --=---"1< -u t '

~ 1 , 4 ) 6 1 4 ? & 6 4 ~ t 5 5 0 276897 5" 1$u"~ .. . ~ A t I b ....~ ' ; . . . : : J ~ .. ~ l " ' ... lIO L . . ~ . J d ~ . . . . ~ ; ' _ ~ - ~ l i . . . e : ~ - r = .

)8#,184 70,247 4 5 7 ~b4,()41 57,082 11)"

1.22,753) U l ~ ~ , , ~ " " ~ ' y . " " " ' ~ . M ..• I ~ ; ' " " , , ~ ~ ' t : ~ , , , , ~ ~ ' - . a " _ ~ . c r b " ~ t.:,-n:tI a, =-.

~ r 1~ 4 2 5 lO<-!,5il, 5 5 b ~1 " ~ : - P I . , : . t . r .. . M I - . ~ L , a l ' : ; " ' : ; ' ~ ~ ~ ~ ~ - : : ' ~ ' 6 ' ~ ' ~ T . I ' ~ " _ ~ ~ . ' . a . : . !

4,436A:Z6 t 9 2 . ~ 125 1i t : l : l l '1,800... 'b . . . . . . . . . . . . . . . .;;;.....-:... ," " ' ........_.....~ : w . . ~ ~ . . . . . . ~ ~ ~ ~ ~~ 1 4 · 1 1 6 . S 19 260,346 1271 :157 4,,8141"C1-"CJO .......' g l : · f t . . ~ ~ · . t r 1 1 ; " , " ' 1 l I t . r l l ~ t ... -- ... ~ ~ ' ( 4 ; ' ~ ~ ~ l ' , i ' o : ; ' : : ! : ... ~ ' C T - = ~ ' : " W - ~ ~ : : - l I

to

Net bookvalueAt11st i\{tl\' 1(J90

At 3 1 ~ t M ~ y 1989

DepreciationAt I5t lune t989Provided dunngVl'arOn drsposi11s

Al : i l ~ l M a y 1990

CostVillu4luon mApnl 1987

CO\lorV.duaWHlAt 1~ Jun(lo 1909

.hddltlon"G t ~ t l 1 t ~D i , p o ~ 1 1 sAt J 1 ~ t M a y 1990

2. T ~ n g i b l e FlxedAssets

1. Accounting Basts and Pollclesl h ( ~ l " ~ K t O I J n t ~ havebeen p f ~ l r ( ' { j on d u hi,tOCi(.ll ~ , , ~ t 1 ) J . ~ i s oi',;')(("OUNIOgasmodlf.cdW In( I l J d ( " l v l ! i u . l ~ { 0 7 1 ~ fittiwtp r o ~ ) ( \ r t ~ ( ~ " .1ndind( fordllOt(\withtK(()Untingpi)( je. f ~ fanSI stem \\'1tht h o ~ .tdop1ed P I ~ ' ~ o ..fj."and ~ f ' 1 OHlin thl} l ~ ) ~ t , A noW,- w h l ' H ~ appmprailll('

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H I ttl(' rtuh\ p t , ~ ; , ~ I : ~ UlJJtl!,llndw..( 1 I U ( ~ ~ l l l d (·"tend d 1 t ~ httJ i.I J 1 J I W I l f ' l t ! ( J ~ h ) f j ' ~ ~ ~ ~ l l , ~ ~ f ' ~ p r l 1 i g j ' W i ' l ~ ~ : ; , q , , ~ ~ , ) ~ , , ,md It J ft '\ tllU(l Ifw J U O P N l l t ' ~ ~ { ' t ) ' , loot ~ ' f ' J r ~ Mid L H J I U ~ l tlw h f i t j ~ \ . I I U f < ~ ilf nrdingh I tn mH " ~ ~ ~ ~ \ h t h ¥ ~ ; , u , ' r ~ 1 - ; : 1 1 " I 'I nut P,fU\ l ~ ' ( - d , , ~ \ f r ( l ( , ~ h t t ~ t ' I I ) : t ) J J \ ~ J t ' l ' ~ ~ I ' » l I l l ~ duet ! U i U e ( ) ~ tllf' f ~ l l I r m m l 1""the, - ~ ~ , I ' t If 4'.1 mw P H I J " " ' r t l : ~ ' ~ f ~ ) J l ~ ( n ( I { : 1 t,\ t ~ ~ H ' ~ l d t ~ i \ t vtdUID f ' \ f ('Nh \hi'lt h ~ o value,lUld t il th(:, (.''1.1' ot ottwv PWI')(\'lliM:1 l h ~ 1 t llip l"umUl'+nh fill \\.., ' ~ l ; M h.,1 i J ' < l l , \ . l " ~l >t'IUf'(hl!Um on nthn t.....t 1d a ~ ( ( ) t ~ I M been ( ~ t f U d l 1 t t ' o d J ~ 25l

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J. S t O { k ~~ l i X J.,,,, MI' \'J{uNI < 1 tht' 10\\'" (il t u\ t .lmI oN . w " l ~ ~ i t b l ( · "4llufl and ( U m p : ~ ~ l ' ttw 1 ( ~ I I f J ! . ' " " I ~ ' 1

6.. Balnk loanI" f "'hngdue wnhrn UftP 'J(\lt

Ih1 F ' ~ U l O H (JUt' MtN m o r t ~ than O I ~ ( \ ~ ( lM and ,..'thmhv(' \ l \ J ' ~ :

5 Creditors; . l r ~ ~ o n t s (&illlng doe ' \ ilhlnone) ~ rr'ld(' c . r ( " d l t o r ~SO( 1&11 s t ~ ( r.JUt)- l)nd ()thN t , l \ t ~ ' tPeoston "( t w m ~ p:rO)lUmc,(} lhN n ( ' d l t o , ~1 ' ( n U ~ l l s and df'-ft'IlNf liK(ln1('

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O'fU·;7. loans from BrCWN)' !

ttl) f'.,lIinn doewulun iHl(l ,,"PJr n ~ r " t j I

(0) L'llhnndWl t l f t ~ l r mgff, then00(; ,"'PM.Rt'lklyabll

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1\·.0 loans arl ' fn( hnled i l ~ ) ( i " ' ' \ " one b N n ~ t r L ' l h , , \ ~ b l e 111 h l \ I f · ~ \ l . · M h " .mtalnwnlt, 01 ! 4 S ~ ) t t f \ t l ~ 1iJq2 M t ( I I : . f ' J ~ m } ; W l f K ~ ~ 5 . 0 ~ perannum, a f i ( l l h ~ o t h ( \ r h l " ~ n ~ rt'payabl(f' io h ~ l U ..\I(\M(Y iIHI,llm('nh of Ll,.!.'iOOunhI19'·H, dod I ~ J ' w l . ~ m ~ ' o ' . ' : , ~ . ; perannum

o. C & l H ~ 1 Up ShareCapital.A.ulhorM"f1' 2aSOO £1 stoc], Unit, . ! , ~ \ ~ ' U . '

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AdJu\lnwnton H ~ \ ' l l h J o 1 1 1 0 n of p r ~ , ~ ~ r t l ( "BtllMlte or1ht " , \ . 1 ~ 1tNt}1ftln:..iN i p ~ _ ~ f ( l ~ ( ' l \ , pB ~ l l ~ m ( e ~ l l!tt June 1CHit'Tr.ln"l'rN.'d to profit and 1m\. r , , ~ w n r1 r . \ n ! - f c ( l ~ d from profit and l o ~ s ,In ount In re>p<'c! of futureeXJ.wlldltutl, . l u t h o r i ~ ( ' d b) the d l r t ~ : l O l . ' i

0411t"tll((· . ~ 11 \t ' ' ' ' ' 1 ~ l Y 1q ~ l O1'roi,: iJnd I o s ~ · \ , , - {:()OnlB"limu'at 1st lune 1~ 8 Loss im the )"CM ( 1 9 8 9 ~ P , o ~ i uB a l M l u ~ elt31 ~ fl.1ay 1mm

10. Partlculars of Employees1 h l average wl't"kly number ofernplovee-. dur-loU the , ' \ . \ ~ r W & l ~ 115, follow,:·-

PlaYing/ (flliningand rn,H1Jg()mentt\1i'1inteniint c," and ,ldmll)j-;1rallo:l '

C..ltt1't(ng lind sales

Theaggu'&.lte p ~ l r l ( ) l 1 t o \ t ~ of l h above p { ' r ~ t l n ~ were 1 1 f o l l ( ) w ~ .\ \ 1 i J g ( t ~ and h l 1 i l f l ( ~

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500J-XI(1 r,Wtc ; . " l l . - = . . ¥ & ' l l I " . : J I I ' - J - ~ l J " ~ ' ; " - - " " " ~ - .

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i _ . .. .. . :: :: ~ - ~ : . : : t . - . c : . J . " , . . . I I J ~ ~ ~ ~ J " ' ~ . ~ ; ! : " ~ ' : -

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( ) t ~ l ~ t J X " n s i o o (Oftt/) c; OIl\PtIU' fonlribulll)nS made bvtht,lCompnnv 10r e s J X ~ ( t of t1w' nliljorltyof jl'l !'>Nnlllr(mt ( ' m p l o ~to J>eosion S ( h < I I " ~ S I n d ( ' p ( \ t l d ( ' n t l ~ ) 1 \ d m i n i ~ t ( ' ( ~ f by the fO<HbJlllt!i1guc Lirnued, ! O B ~ t l w r with tOlllrrhulf<J:iS n l , ) . « I r l d l ~ . d U f \ ~ l ) ( ~ n ~ j o n tOnlr.KC) Ufh.icf d K n ~ t " ~ I l I ~ wHh cNt.lin t'tllf)toy('(·s, 1\11 ~ n s f o r ~ a l r M t ~ r ' f 1 l ( l n t ' i t ) t ~ dl,lfm:"('] ((Irlrnbm" t h t ' m ( ~ .

12

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