Deferring Revenue is a perfectly legitimate accounting tool, and sometimes is a legal requirement that you defer revenue (e.g. Buying 3 years warrentee on a new TV would be deferred over the 3 years), but for unspecified periods like LEP, you would have difficulty justifying it over more than 5 years. Its just an arbitrary number, but UK tax doesn't really like more than 5, it smells like you are trying to hide your profits too much.
That money isnt particularly ring fenched in a privately owned company, but share holders DO use the financial reports to make judgments, so in FDs case, they would not be wise to just throw the money into another project and declare ED unprofitable/dead (not that they would).
Lots of TV lawyers around here it seems - "Caveat Emptor" - Dont make me laugh, you have no clue. Thats for when people make no reasonable attempt to find out what they are buying. Boston Legal is not real life.
Can't speak for anyone else- but I don't watch TV.
But please, by all means continue your assumption and judgement rant.
"Caveat Emptor" is perfectly reasonable to apply to any purchase. If you personally wish to rely on "faith" then do so.