This is the sum total of the stuff I got by casting my untrained eye over the accounts a wee while back:
Stark's Park Properties Limited Stark's Park Properties Ltd is the company which deals with the stadium's finances. Formerly known as West City Developments Ltd, this is the company that was formed by certain former directors, possibly with a view to selling off the ground and replacing it with some lovely railway-adjacent three bedroom homes. It was wholly Reclaimed on the 30th of December 2005 and is now pretty simple in its ownership. John Sim (as NRR Investments Ltd) owns 51%, New Raith Rovers Ltd owns 27% and Mario Caira owns the remaining 22%. Of all the companies, this has the set of accounts that is most up to date (by about 6 months). For the year end 31st January 2012, Total Assets: £762,920 Total Liabilities: £572,514 Net Assets: £190,406 It looks like Stark's Park is valued at £725,035. The rest of the assets are made up of cash (£33,053) and other current assets (£4,832). Clearly the main liability here is the "mortgage" on the ground, owed to the Allied Irish Bank. The big positive to take from this is that the total liabilities of Stark's Park Properties Ltd are down 6.05% from the year before. It's not a massive amount, but it's better than an increase. To try and give a little more detail on the "mortgage", I've had a wee look at the previous year's accounts too, and the notes that go along with them. Prior to December 2008, the company was paying interest only on a loan from the Allied Irish Bank. At that point, it was restructured into a 15 year repayment plan, at 3% interest above the base rate. So, if all goes to plan, the loan should be paid off in December 2023. The loan is secured against the company's assets (essentially, Stark's Park) and a personal guarantee of £450,000 from John Sim. I'm not quite sure what the story is with this. Stark's Park Properties Ltd actually makes a profit each year (just under £43,000 for the last year) and there are notes in the accounts that don't exactly speak of great communication between Stark's Park Properties Ltd and the rest of the group. It appears that there's a dispute about all of the missed rent payments during the lean years. Maybe John Sim takes a cut in exchange for being a safeguard between the club and the bank, making loan repayments in the case of the club falling short on any particular month, but it doesn't seem quite as cosy as that. I'm not even sure if he's taking any money out of the business, though. If there's one question I really want answered, it's about the status of the relationship between Stark's Park Properties Ltd and the wider "Raith Rovers" group.