Bulls shareholders will NOT get to hear about the club's accounts at its annual meeting next week.

Chairman Peter Hood is due to address them at Grattan Stadium on Tuesday night but there will be no figures revealed from the club's books.

Shareholders have a right to that information and the unprecedented step may leave fans thinking Bulls have something to hide having already reported annual losses in the last two years.

However, Hood today insisted there is no cover-up, more a hold-up, due to a "technicality" and results will be announced at an extraordinary general meeting in the new year.

Bradford Bulls Holdings Limited accounts for the year ending December 31, 2005 are the ones under the spotlight and it is understood the problem has emanated from as far back as 2002 when the club was returning to Odsal from Valley Parade.

Hood said: "It will be unusual that we don't present any accounts at the AGM but I'll be adjourning that particular issue until an EGM at a later date next year hopefully within the first quarter.

"I'm sure shareholders will be asking me questions regarding this come Tuesday but they will all be invited along when we confirm a date with 21 days notice.

"The reason why there won't be any accounts next week is that we are still awaiting a decision in relation to a technical accounting nature and we're not in a position to get that at the moment.

"We've been waiting for it for quite a long time now but do believe we're close to finalising the details required.

"It doesn't affect the performance of the company but what it does affect is the determination of previous issues.

"It dates back a number of years to the period when we moved back to the stadium from Valley Parade and it needs to be brought to an end.

"It needs to be dealt with and that's what we are doing."

All UK business must submit their accounts to Companies House by October 31 but they have been informed of the delay and handed the club an extension.

Bulls made an annual loss of £594,000 in 2004 having haemorrhaged £353,266 the year before.

They had hoped to be working in profit by 2007 but Hood admits last year's accounts will reveal another significant six-figure deficit.

"They will be running on in the same sort of region as 2004," he said.

"We know in the long term those sorts of losses aren't sustainable but we're working in 2006 now, heading into 2007, and people must remember these accounts are from 2005.

"As usual the club's directors look forward to welcoming all those shareholders who are able to attend on Tuesday.

"These are interesting and important times for the club, with a head coach about to start his first full season in charge and with the prospect of significant stadium improvements on the horizon.

"As usual, shareholders will have the opportunity to question me about these and any other issues or concerns."

The annual meeting will start at 7pm in the Coral Stand.