NorthLondonStag wrote:From an accounting perspective I think the loss you state is technically right. But when you look at parent's accounts they state that it is partly reliant on funding from the club and the club made a loan of £300k to its parent. So to an extent the club is funding those too.
The retained losses in the parent for the year are c.£100k, so you might argue that the overall 'loss' for the 'club' is somewhere in the region of £250k. Which makes sense as that 'balances' the issue of new shares in the club to JR also £250k), so JR has (kindly) funded the losses for each company for the year.
There's also the stadium company but they only file micro accounts so it's very difficult to work out what's going on there.
yorkshire stag wrote:lol as long as we are attached to the Onecall group there is nowt ta worry about
NorthLondonStag wrote:From an accounting perspective I think the loss you state is technically right. But when you look at parent's accounts they state that it is partly reliant on funding from the club and the club made a loan of £300k to its parent. So to an extent the club is funding those too.
The retained losses in the parent for the year are c.£100k, so you might argue that the overall 'loss' for the 'club' is somewhere in the region of £250k. Which makes sense as that 'balances' the issue of new shares in the club to JR also £250k), so JR has (kindly) funded the losses for each company for the year.
There's also the stadium company but they only file micro accounts so it's very difficult to work out what's going on there.
part time pete wrote:NorthLondonStag wrote:From an accounting perspective I think the loss you state is technically right. But when you look at parent's accounts they state that it is partly reliant on funding from the club and the club made a loan of £300k to its parent. So to an extent the club is funding those too.
The retained losses in the parent for the year are c.£100k, so you might argue that the overall 'loss' for the 'club' is somewhere in the region of £250k. Which makes sense as that 'balances' the issue of new shares in the club to JR also £250k), so JR has (kindly) funded the losses for each company for the year.
There's also the stadium company but they only file micro accounts so it's very difficult to work out what's going on there.
JR’s company which owns the majority of shares in MTFC Ltd was called Amber 12 Ltd, but recently changed its name to Mansfield Town 1861 Ltd.
Amber 12 Ltd didn’t have any accounts as it was just a vehicle for owning the shares. However in the last couple of years this 1861 company on name change has started trading.
This trading is I think is due to the Sandy’s bar and 1861 suite. At present it doesn’t look profitable and the football club has lent it £300k.
Has been said earlier the club lost £150k in 2018 and instead to increasing the loans on the club which the FL don’t like, JR has converted £250k of loans into shares.
Reg Holdsworth wrote:part time pete wrote:NorthLondonStag wrote:From an accounting perspective I think the loss you state is technically right. But when you look at parent's accounts they state that it is partly reliant on funding from the club and the club made a loan of £300k to its parent. So to an extent the club is funding those too.
The retained losses in the parent for the year are c.£100k, so you might argue that the overall 'loss' for the 'club' is somewhere in the region of £250k. Which makes sense as that 'balances' the issue of new shares in the club to JR also £250k), so JR has (kindly) funded the losses for each company for the year.
There's also the stadium company but they only file micro accounts so it's very difficult to work out what's going on there.
JR’s company which owns the majority of shares in MTFC Ltd was called Amber 12 Ltd, but recently changed its name to Mansfield Town 1861 Ltd.
Amber 12 Ltd didn’t have any accounts as it was just a vehicle for owning the shares. However in the last couple of years this 1861 company on name change has started trading.
This trading is I think is due to the Sandy’s bar and 1861 suite. At present it doesn’t look profitable and the football club has lent it £300k.
Has been said earlier the club lost £150k in 2018 and instead to increasing the loans on the club which the FL don’t like, JR has converted £250k of loans into shares.
The Football Club’s parent company is now RSCPBR Limited. A relatively new company with no accounts filed yet - in fact at this moment in time the first year accounts are overdue. I don’t really understand the structure anymore as JR personally owns 100% of RSCPBR from what I can see.
AlanStag wrote:Reg Holdsworth wrote:part time pete wrote:NorthLondonStag wrote:From an accounting perspective I think the loss you state is technically right. But when you look at parent's accounts they state that it is partly reliant on funding from the club and the club made a loan of £300k to its parent. So to an extent the club is funding those too.
The retained losses in the parent for the year are c.£100k, so you might argue that the overall 'loss' for the 'club' is somewhere in the region of £250k. Which makes sense as that 'balances' the issue of new shares in the club to JR also £250k), so JR has (kindly) funded the losses for each company for the year.
There's also the stadium company but they only file micro accounts so it's very difficult to work out what's going on there.
JR’s company which owns the majority of shares in MTFC Ltd was called Amber 12 Ltd, but recently changed its name to Mansfield Town 1861 Ltd.
Amber 12 Ltd didn’t have any accounts as it was just a vehicle for owning the shares. However in the last couple of years this 1861 company on name change has started trading.
This trading is I think is due to the Sandy’s bar and 1861 suite. At present it doesn’t look profitable and the football club has lent it £300k.
Has been said earlier the club lost £150k in 2018 and instead to increasing the loans on the club which the FL don’t like, JR has converted £250k of loans into shares.
The Football Club’s parent company is now RSCPBR Limited. A relatively new company with no accounts filed yet - in fact at this moment in time the first year accounts are overdue. I don’t really understand the structure anymore as JR personally owns 100% of RSCPBR from what I can see.
Yes, there's also another company SCPBR Ltd which has shareholdings in the football club, the 1861 company, all of the One Call companies etc. It seems like there's been some shuffling around of the structure this year, without all of the accounts being filed it's hard to unpick.
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