Victor Young FCA MAF ACCOUNTANTS
I can only assume that Victor Young did not read the Agreement on which the valuation was completed. If he had done so he would have realised that he was not even Appointed by the President of RICS. (S 15 of the Agreement. You cannot agree a fraud).They operate in an unbiased and independent way. MAF describes Victor Young his email to his Solicitors Mr. Abrol as 'his accountant'. He does a substancial amount of other work for MAF. Most of MAF companies are registered at Thomas and Young, Carlton House, Shirley. That alone disqualifies him on two counts. Where did Mr. Young send his bills and who paid them?
In addition in preparing the accounts there are some glaring and obvious errors. He admits he has taken instruction from MAF on matters particularly in relation to CJWF Loan Account and the devaluation on the company by 25%.
This includes current stock which has already been dramatically discounted incorrectly. The valuation basis is given at the start and Victor Young then gives the additional 25% this was proposed by MAF He wanted 33% discount TDSF got that down to 25%. Why are two people discussing valuations let alone unquailed accountants deciding on discounts? MAF was running the show. Mr. Young is relying on MAF (a fraudster nothing to do with the company) and TDSF (Coerced and in the belief he would be spared £150,000) agreement for this discount. You cannot agree to a fraud. Its invalid. If TDSF has already admitted the stock valuation were low.
MAF and his son Mathew Fell is disqualifies on many grounds: not a RICS valuer, not appointed by the President of RICS. MAF (and his Son Mathew Fell) is not independent. That fraudulent discount was included at his request and relies on his say so. That means that Victor Young is responsible for that fraud and loss in addition to MAF.
Mr. Abrol and David Mitchell would be perfectly aware that any valuations had to be independent. Both under the agreement (President RICS)and in any event under CPA 35 MAF (and Mathew Fell) were disqualified as was Victor Young. The any agreement is void due to Fraud which is still ongoing. Mr Young is well aware of the profits on these properties and ground rents.
An accountant who is not appointed correctly or an accountant intentionally undervaluing a company can constitute Fraud by Abuse of Position under Section 4 of the Fraud Act 2006 in the UK, provided it is done dishonestly for gain or to cause loss.
Question: Have two sets of accounts been completed?
1. How VY was appointed with Director Note/ Acknowledgement
2 What instructions Given (email/Letter signed by Director
VY Copy of Agreement with acknowledgement
Appointment S15 Presidfent RICS
Instructions MAF Stipulated as lodged with Court
Letter Conflict of interest and Directors Reply (MAF Accountant).
ACknowlegsed RICS Rules (or did you Rely on MAF)
Were you aware of CP35 (& advised by Abrol Meridiam and Mr D Michell Barristers C.no.5)
Were you aware MAF automatically disqualified under RICS rules (Court obliged to follow).
Were you aware MAF figures fraudulent? Did you get his assurance
When was the date you senr the Director with copy letter email dates
Why exclude TDSF email (and CJWF Emai)
MAF describes you as 'his accountant' (incl. Mathew Fell, List which companies and do you his Personal Tax?
Did you deal with any work on trusts
How did you deal with MAF £30,000 (put down to TDSF). Which accounts was it put in
Who did you bil? MAF or Dnnis Fell Companies. Invoice Correspondence and amount CJWF was a Director and Shareholder when you did draft accounts
Compare Sales post Transfer to valuations at Included in your draft Accounts.
What was the difference between the draft and actual figures,
SUMMARY
All ICAEW Chartered Accountants are bound by ICAEW’s Code of Ethics, which is based on five fundamental principles: integrity, objectivity, professional competence and due care, confidentially and professional behaviour.
Supporting the Code
This document is no substitute for reading the revised ICAEW Code of Ethics in full. It is your professional responsibility to familiarise yourself thoroughly with the Code.
Effective date: 1/07/2025
ICAEW's Code of Ethics applies to all members, students, affiliates, employees of member firms and, where applicable, member firms, in all their professional and business activities.
At the heart of the Code are the five fundamental principles and the conceptual framework. The principles establish the standards of behaviour that ICAEW requires from professional accountants; and the conceptual framework outlines the approach that accountants have to take to comply with the principles, including by assessing potential threats and putting safeguards in place to address such threats.
The Code provides a comprehensive breakdown of the principles, here we provide an overview of each of the five fundamental principles.
1) Integrity
To be straightforward and honest in all professional and business relationships.
Integrity involves fair dealing, truthfulness and having the strength of character to act appropriately, even when facing pressure to do otherwise or when doing so might create potential adverse consequences.
Acting appropriately involves standing one’s ground when confronted by dilemmas and difficult situations; or challenging others as and when circumstances warrant.
A professional accountant shall not knowingly be associated with information that contains materially false or misleading statements, statements or information that have been provided recklessly, or those that omit or obscure required information.
2) Objectivity
To exercise professional or business judgement without being compromised by:
bias,
conflict of interest, or
undue influence or reliance on individuals, organisations, technology or other factors.
Objectivity is the state of mind which has regard to all considerations relevant to the task in hand but no other.
A professional accountant shall not undertake a professional activity if a circumstance or relationship unduly influences their professional judgment regarding that activity.
3) Professional competence and due care
To attain and maintain professional knowledge and skill at the level required to ensure that a client or employing organisation receives competent professional service, based on current technical and professional standards and relevant legislation.
To act diligently and in accordance with applicable technical and professional standards.
Serving clients and employing organisations with professional competence involves the exercise of sound judgment in applying professional knowledge and skills.
The knowledge and skills necessary for a professional activity vary depending on the nature of the activity being undertaken. Maintaining professional competence requires having a continuing awareness and understanding of technical, professional, business and technology related developments that are relevant to the activity being undertaken.
Continuing professional development (CPD) enables an accountant to develop and maintain the capabilities to perform competently. Complying with this principle also requires taking reasonable steps to ensure that others working under the authority of the professional accountant, have appropriate training and supervision.
4) Confidentiality
To respect the confidentiality of information acquired as a result of professional and business relationships.
Professional accountants must not only keep information confidential, but must also take appropriate action to protect the confidentiality of information during its
collection,
use,
transfer,
storage or retention,
dissemination, and
lawful destruction.
A safe and proper approach for professional accountants to adopt is to assume that all unpublished information about a client’s or employer’s affairs, however gained, is confidential.
Confidentiality extends not only to clients, past and present, but also to third parties from or about whom information has been received in confidence.
Professional accountants must also take reasonable steps to ensure that personnel under their control, and any individuals from whom advice and assistance are obtained, also comply with the duty of confidentiality.
5) Professional behavior
To comply with relevant laws and regulations and behave in a manner consistent with the profession’s responsibility to act in the public interest in all professional activities and business relationships.
To avoid any conduct that the professional accountant knows or should know might discredit the profession.
A professional accountant shall not knowingly engage in any business, occupation or activity that impairs or might impair the integrity, objectivity or good reputation of the profession, and as a result would be incompatible with the fundamental principles.
Conduct that might discredit the profession includes conduct that a reasonable and informed third party would be likely to conclude adversely affects the good reputation of the profession.
A reasonable and informed third party would expect that a professional accountant, in their professional life treats others fairly, with respect and dignity and, for example, does not bully, harass, victimise or unfairly discriminate against others.
