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- 1920: QPR's First Season in the League - Enlarged Photo
Back Row (Left to Right): Jack Manning, Joe Wingrove, Fred Blackman, Mick O'Brien, Herbert Middlemiss. Front Row: Ted Price, Robert Faulkner, Thomas Cain, Archie Mitchell, Jack Smith, Jack Gregory. (Thanks to "Bushman")
- QPR Report "Spot The Ball" #3
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Throughout the day, updates, comments and perspectives re QPR and football in general are posted and discussed on the QPR Report Messageboard...Also Follow: QPR REPORT ON TWITTER
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- The QPR 2010 Accounts (As Posted By QPR Dad on QPR Report)
* Many thanks to QPR Dad
- Update: Click Here for Complete QPR Accounts for Year Ending May 31, 2010
"I have now reviewed the 2010 accounts, which were published earlier today, and have summarised them in the same way as I did last year:"
QPR Football & Athletic Club Limited (Club) is a wholly owned subsidiary of QPR Holdings Plc (Holdings).
Holdings published accounts, which include both Holdings and Club – I therefore only summarise Holdings, which includes Club as follows: all values are £000 i.e. £8,600,000 (8.6 million is written as £8,600)
Turnover - £14,380 (2009 - £14,822)
Cost of Sales - £24,256 (2009 - £25,633)
Administration costs - £5,998 (2009 - £6,563)
Player registrations - £2,307 Profit (i.e. income, not a cost) (2009 - £218 Profit)
Interest received - £0 (2009 - £63)
Interest paid - £131 (2009 - £1,731)
Corporation Tax paid - £0
Overall loss for the year £13,698 (2009 - £18,824)
On the balance sheet, all the assets are:
Player Registrations - £3,902 (2009 - £6,693)
Land and Buildings - £20,720 (2009 – 21,250)
Plant & Machinery - £253 (2009 - £229)
Fixtures & Fittings - £39 (2009 - £15
Stock - £316 (2009 - £269)
Trade debtors - £2,867 (2009 - £866) … this is money owed to the club
VAT - £0 (2009 – £16)
Other debtors - £341 (2009 - £231)
Prepayments - £548 (2009 - £78)
Cash in bank £944 (2009 - £217)
TOTAL of ASSETS £29,930 (2009 - £14,530)
On the balance sheet, all the liabilities are:
Loans - £275 (2009 - £500)*
Overdraft - £4,790 (2009 - £3,295)
Trade creditors - £3,461 (2009 - £4,358) …money the club owes
Tax - £2,212 (2009 - £1,466) (tax on players / staff wages and VAT)
Accruals and deferred income - £3,969 (2009 - £4,911) (mostly season tickets paid for in advance i.e. the club owes the value of the games not played)
Other creditors - £18,600 (2009 - £nil)* This is a loan from Sarita Capital of £8,600 and £10,000 from Amulya Property.
Both the Sarita and Amulya loans are interest free and repayable on demand. The loan from Amulya has a fixed charge over the Freehold of LR stadium as well as an option to acquire LR in settlement of the loan.
The overdraft is also secured on LR stadium.
TOTAL of LIABILITIES due in less than one year - £33,307 – (2009 - £14,530)
Add to this loans due after one year - £10,980 (2009 - £21,103)*
Trade creditors - £110 (2009 - £0)
TOTAL LIABILITIES - £44,397 (2009 - £35,633)
*Loans etc in the accounts include the following:
£8,600 – Sarita Capital Investments
£10,000 – Amulya Property Limited
£9,906 – Sarita Capital Investments
£2,247 – Sea Dream Limited
£1,435 – Bernie Ecclestone personally
£346 – Football league
£2,000 – A Calliendo personally
Bernie was appointed as a director on 17th February 2011, GP, Bruno Michel, Marco Rapini and Comical Ali all resigned as directors on 16th February 2011
During the year, the company made payments of £40k to Moorbound Limited which is controlled by GP. GP owes the company £215k in loans to him from the company.
The company issued new shares for £5,000m to the existing shareholders.
Please feel free to ask me any questions if you are not sure about anything.' QPRDad QPR Report
- Also: QPR's Previous Year Accounts Details
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