The clubs' accounts are now vailable at Company House for 2016 - 17.https://beta.companieshouse.gov.uk/comp ... ng-history
While the banking fraud happened after this accounting period finshed at the end of June 17 it is covered in a section on the club as a going concern. “The club has offset this loss of funds primarily through the sale of the player registrations of greg Docherty and Michael Devlin to Rangers FC and Aberdeen FC respectively. “
So we are considered a ‘going concern’ even if relegated.