Le Tout P'ti FC Posted March 1 Share Posted March 1 (edited) The accounts to June 2023 have just been published. Some highlights: Turnover up to £5.8m, PY £1.4m. What’s going on there? (Turnover of say Killie is £6.4m.) Loss of £758k. PY £1.084m. So £1.8m loss reported over a 30-month period. Naming rights for Lesser Hampden have been sold until 2048. Unqualified audit report provided. Fixed Assets up to £12.5m following another £8.5m capital expenditure (spend to complete Lesser Hampden being most of that). Overall total spent on buildings now up to £13.2m, which clearly doesn’t buy you that much these days! Cash burn for year was £635k. Down to £577k left in bank. Still due to collect another £1.25m from SFA for sale of Hampden. Deferred income up to £9.3m, was £1.5m. A “capital accrual” has been created for £7.9m which you would presume was money due to a mystery benefactor to build the stadium for the club, perhaps to be gifted back to the club? “Very generous support of one of our stakeholders” referenced in going concern note. No material uncertainties. Staff costs up from £1.5m to £4.1m. Directors received £21k. Key management personnel received £211k. Average salary per employee up from £21k to £46k. Lease commitment of £129k disclosed which looks like a £25k pa lease of something through to 2028. Very interesting reading! Would like to know more about this massive Turnover jump and also the mysterious Capital Accrual. Also would like to know why Lesser Hampden wasn’t impaired since it sits empty most weeks and the business is trading at a loss with cash outflows. Classic impairment indicators to me. Would also like to know why there were no related party transactions reported. Anyway, that’s from a five minute skim through these, best get back to work! https://find-and-update.company-information.service.gov.uk/company/SC005382/filing-history Edited March 1 by Le Tout P'ti FC Linky 6 Quote Link to comment Share on other sites More sharing options...
wEEgIE bOrEd Posted March 1 Share Posted March 1 3 hours ago, realmadrid said: Did they ask her any questions about the mess of the rebuild at Lessor and the Royal Box? 3 hours ago, Stuntiethumper said: I did email in a question about that but it was not put to her and I didn't hear the stadium mentioned during the bits of the show I managed to catch. There was a single, brief, one-sentence mention of "issues with the stadium build and all that malarkey"(!) in a seemingly self-exculpatory context, i.e. she seemed to suggest she'd been responsible for setting us right on the matter, rather than costing the club a six-figure sum (which is my own, limited – and conceivably inaccurate – understanding of the situation). I've clipped the relevant section of the show, for anyone who's interested: Off the Ball - 24th Feb 2024 - Leeann Dempster.mp4 1 Quote Link to comment Share on other sites More sharing options...
spiders4ever Posted March 1 Share Posted March 1 53 minutes ago, wEEgIE bOrEd said: There was a single, brief, one-sentence mention of "issues with the stadium build and all that malarkey"(!) in a seemingly self-exculpatory context, i.e. she seemed to suggest she'd been responsible for setting us right on the matter, rather than costing the club a six-figure sum (which is my own, limited – and conceivably inaccurate – understanding of the situation). I've clipped the relevant section of the show, for anyone who's interested: Off the Ball - 24th Feb 2024 - Leeann Dempster.mp4 7.62 MB · 0 downloads So the committee ran the club! 0 Quote Link to comment Share on other sites More sharing options...
CathcartSkins Posted March 2 Share Posted March 2 On 01/03/2024 at 13:19, Le Tout P'ti FC said: The accounts to June 2023 have just been published. Some highlights: Turnover up to £5.8m, PY £1.4m. What’s going on there? (Turnover of say Killie is £6.4m.) Loss of £758k. PY £1.084m. So £1.8m loss reported over a 30-month period. Naming rights for Lesser Hampden have been sold until 2048. Unqualified audit report provided. Fixed Assets up to £12.5m following another £8.5m capital expenditure (spend to complete Lesser Hampden being most of that). Overall total spent on buildings now up to £13.2m, which clearly doesn’t buy you that much these days! Cash burn for year was £635k. Down to £577k left in bank. Still due to collect another £1.25m from SFA for sale of Hampden. Deferred income up to £9.3m, was £1.5m. A “capital accrual” has been created for £7.9m which you would presume was money due to a mystery benefactor to build the stadium for the club, perhaps to be gifted back to the club? “Very generous support of one of our stakeholders” referenced in going concern note. No material uncertainties. Staff costs up from £1.5m to £4.1m. Directors received £21k. Key management personnel received £211k. Average salary per employee up from £21k to £46k. Lease commitment of £129k disclosed which looks like a £25k pa lease of something through to 2028. Very interesting reading! Would like to know more about this massive Turnover jump and also the mysterious Capital Accrual. Also would like to know why Lesser Hampden wasn’t impaired since it sits empty most weeks and the business is trading at a loss with cash outflows. Classic impairment indicators to me. Would also like to know why there were no related party transactions reported. Anyway, that’s from a five minute skim through these, best get back to work! https://find-and-update.company-information.service.gov.uk/company/SC005382/filing-history Appreciate your efforts and time spent on this; however those that attended the AGM commented on the very points you have raised, a few pages back. 0 Quote Link to comment Share on other sites More sharing options...
behindthelens Posted March 3 Share Posted March 3 3 Quote Link to comment Share on other sites More sharing options...
Arachnophile Posted March 3 Share Posted March 3 some of us have been banging on about getting the women's team to play at least one game at Lesser and it looks like it may be happening... Either that or it's a misprint. 1 Quote Link to comment Share on other sites More sharing options...
Spidersmad Posted March 4 Share Posted March 4 (edited) The only move to the right that I welcome: Full announcement - Everyone Move to the Right | Queen's Park Football Club (queensparkfc.co.uk) I can get my old seat back! I wonder where hospitality will be accommodated? Edited March 4 by Spidersmad 4 Quote Link to comment Share on other sites More sharing options...
RichRJohnstone Posted March 4 Share Posted March 4 (edited) A little bit off topic, but did anyone buy a kilt when we had our tartan designed in February 2017? I'd quite like to find out who the manufacturer was to see if there's any way I could get a kilt now, but all the posts seem to have scrubbed from the website. Edited March 5 by RichRJohnstone 0 Quote Link to comment Share on other sites More sharing options...
Spider1975 Posted March 6 Share Posted March 6 Five home games left, Thistle, Rovers, Utd, ICT and Airdrie, with visits to Ayr and Morton, both bogey grounds for us. Confident of six points away at Arbroath and Dunfermline, whilst the Airdrie game is a bolt on draw. League turning into one of two mini-leagues, Promotion and Play-Off spots for the current top four, (maybe if I squint a bit add Airdrie in there too) and the remaining five all getting rather tight (if Arbroath retain their form). ICT up until last week seemed to be stagnating after the Fergie bounce. How are we all feeling about the run-in? 0 Quote Link to comment Share on other sites More sharing options...
mcjameos Posted March 6 Share Posted March 6 The final round of games are almost here with most having played ¾ of their season. Taking the current league standings and using the average points earned per game by each team’s current manager would produce; Clearly this is based on various assumptions which may not remain true making it nothing more than a bit of fun. Currently Davidson has earned 14pts from 8 games and after Saturday he will have faced everyone in the league. Repeating that tally from the remaining 9 games would likely see us safe but definitely going to be much tighter than I would like. 3 Quote Link to comment Share on other sites More sharing options...
CathcartSkins Posted March 6 Share Posted March 6 37 minutes ago, Spider1975 said: Five home games left, Thistle, Rovers, Utd, ICT and Airdrie, with visits to Ayr and Morton, both bogey grounds for us. Confident of six points away at Arbroath and Dunfermline, whilst the Airdrie game is a bolt on draw. League turning into one of two mini-leagues, Promotion and Play-Off spots for the current top four, (maybe if I squint a bit add Airdrie in there too) and the remaining five all getting rather tight (if Arbroath retain their form). ICT up until last week seemed to be stagnating after the Fergie bounce. How are we all feeling about the run-in? We will embark on a mad winning streak, finishing 4th (on goal difference) with a last day thumping win over Airdrie. High on momentum, we fly through the play-offs becoming the first 4th place team to win promotion to the big league! 3 Quote Link to comment Share on other sites More sharing options...
Arachnophile Posted March 6 Share Posted March 6 meanwhile - good to see QP B team on top of the reserve league with 2 games to play 10 Quote Link to comment Share on other sites More sharing options...
TheHitman Posted March 6 Share Posted March 6 6 hours ago, CathcartSkins said: We will embark on a mad winning streak, finishing 4th (on goal difference) with a last day thumping win over Airdrie. High on momentum, we fly through the play-offs becoming the first 4th place team to win promotion to the big league! *morning alarm continues to beep* Wake up CathcartSkins, you’re late for work…. 3 Quote Link to comment Share on other sites More sharing options...
Hampden Diehard Posted March 6 Share Posted March 6 33 minutes ago, TheHitman said: *morning alarm continues to beep* Wake up CathcartSkins, you’re late for work…. No one on all these mind-altering drugs can possibly have a job! 3 Quote Link to comment Share on other sites More sharing options...
Cyclops van Gogh 1867 Posted March 7 Share Posted March 7 Assuming the Sheriff is playing on Saturday, I hope our normally excellent stadium announcer has done a lorra lorra homework on how to pronounce his first name! 3 Quote Link to comment Share on other sites More sharing options...
EaglesandSpiders Posted March 7 Share Posted March 7 0 Quote Link to comment Share on other sites More sharing options...
CathcartSkins Posted March 7 Share Posted March 7 On 06/03/2024 at 20:01, Hampden Diehard said: No one on all these mind-altering drugs can possibly have a job! At my place of work. we are all on those mind-altering drugs. And it's a career, not a job. 1 Quote Link to comment Share on other sites More sharing options...
Arachnophile Posted March 7 Share Posted March 7 26 minutes ago, CathcartSkins said: At my place of work. we are all on those mind-altering drugs. And it's a career, not a job. Any vacancies? 1 Quote Link to comment Share on other sites More sharing options...
CathcartSkins Posted March 8 Share Posted March 8 14 hours ago, Arachnophile said: Any vacancies? I believe that the imminent General Election will create a few. 0 Quote Link to comment Share on other sites More sharing options...
qpfc Posted March 8 Share Posted March 8 (edited) Going by his Instagram, it seems a very real possibility that Savoury has done his acl again. Picture of his knee bandaged up saying “2nd one” Was really looking forward to the prospect of seeing him play last few games but if it is indeed another ACL, you struggle to see where he goes from here in terms of his football career Hope I’m completely wrong though Edited March 8 by qpfc 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.