Club accounts

[Returnofrros]

Don't know why we publish them dab mad have ahh the answers.😁

[eric_sinclair]

I like a positive Tuesday.
New stadium in the pipeline(hopefully)
Dabs target pick dees.
They lost over 2 million more than us!!
Can we get Shankland?

[BCram]

Islay, could you explain the Rent situation? I'm not sure what we are paying. I always thought that it was cheaper to own something rather than to rent it, if you had the ability to buy.

[islaydarkblue]

Islay, could you explain the Rent situation? I'm not sure what we are paying. I always thought that it was cheaper to own something rather than to rent it, if you had the ability to buy.

The Rent situation is easily explained under Item 13 of the annual accounts for the year ending 31st May 2020 under the section Operating Leases. The rent for the Year 1 which I assume is the year ending 31st May 2020 is quoted as £78,000. https://find-and-update.company-info...filing-history
I noticed yesterday on Pravda several posters stating that they were not experts in understanding annual accounts. One poster had even ‘copied and pasted’ what some halfwit on Dab Mad had posted stating what he thought was the annual rent we are paying Sandeman Properties. Time for the posters on Dab Mad to take a visit to Specsavers for an eye test.
You are correct that it is a lot cheaper to purchase something than to rent it especially in the case of Dens Park where we are responsible for all repairs and improvements as well as paying an annual rent to Sandeman Properties.

[BCram]

The Rent situation is easily explained under Item 13 of the annual accounts for the year ending 31st May 2020 under the section Operating Leases. The rent for the Year 1 which I assume is the year ending 31st May 2020 is quoted as £78,000. https://find-and-update.company-info...filing-history
I noticed yesterday on Pravda several posters stating that they were not experts in understanding annual accounts. One poster had even ‘copied and pasted’ what some halfwit on Dab Mad had posted stating what he thought was the annual rent we are paying Sandeman Properties. Time for the posters on Dab Mad to take a visit to Specsavers for an eye test.
You are correct that it is a lot cheaper to purchase something than to rent it especially in the case of Dens Park where we are responsible for all repairs and improvements as well as paying an annual rent to Sandeman Properties.

Thanks Islay.

[hmac]

Thanks Islay.

It’s not always the case that it’s cheaper to buy than rent Islay, circumstances can vary.

For example, a start up business may find relatively cheap rental premises with a 6 month or 12 month lease at advantageous terms.

Or in the case of DFC a long lease with a friendly landlord that charges way under market value. That was the situation for DFC prior to signing the current, and incompetently (actually negligently) agreed, lease.

[islaydarkblue]

It’s not always the case that it’s cheaper to buy than rent Islay, circumstances can vary.

For example, a start up business may find relatively cheap rental premises with a 6 month or 12 month lease at advantageous terms.

Or in the case of DFC a long lease with a friendly landlord that charges way under market value. That was the situation for DFC prior to signing the current, and incompetently (actually negligently) agreed, lease.

I realise that that renting premises may suit a start up business in the short term but in the long term especially with a laid down increasing annual rental agreement in my opinion it is cheaper to buy than rent.
I seem to remember reading that the terms of the rental agreement were changed after Admin 2 resulting in very small annual rental payments being paid over the first few years and then increasing over the period until a later final date which I think is 2036.
According to the enclosed annual accounts the total rental amount outstanding to the end of the agreed rental period is £1,147,804 which is a lot of money especially when Dundee Football Club Limited are still responsible for the cost of any improvements and repairs.
It would be interesting to know if there is a break in the rental agreement if Dundee Football Club Limited move to a new stadium at Campy Nou.

[deecom]

Don't know why we publish them dab mad have ahh the answers.��

By law, you have to publish your accounts, DFC should do what DC Thomsons used to do.
They published them in a small community newspaper in Wales, so very few people ever saw their accounts.
Maybe that's what Yinited did for years, especially if you have something to hide.

[Deeranged]

By law, you have to publish your accounts, DFC should do what DC Thomsons used to do.
They published them in a small community newspaper in Wales, so very few people ever saw their accounts.
Maybe that's what Yinited did for years, especially if you have something to hide.

You can't hide like that any more. I had an email from Companies House telling me that changes had been made including the submission of annual accounts on 2nd June 2021.

These are freely available for scrutiny by any DAB 'accountant', and by christ do they take advantage.

[hmac]

You can't hide like that any more. I had an email from Companies House telling me that changes had been made including the submission of annual accounts on 2nd June 2021.

These are freely available for scrutiny by any DAB 'accountant', and by christ do they take advantage.

The roasters think we're paying 600k rent a year for Dens. Absolute belters.