Filed on 27th June with Companies House - caught me out as they weren't due to be filed until the end of the month.

Profit for the year: £185,190 (Will take into account Challenge Cup run, 14,000 shirts sold, less the Thackraygate fine)

Level of debt therefore reduces again, from £1.7m last year to £1.4m

Our total net worth (excluding player valuations) is now -£184k compared to -£1,166k 5 years previously, so basically the finances have improved by £1m over 5 years. Good work.

maybe its just me being a bit thick here, but if you've made £185,190 in profit how have you shaved off £300,000 off the debt?

thankyou, I think that clears it up!

(a pointer for Mr No6, £1,700,000 - £185,000 does not equal £ 1,400,000 )

They do deserve a bonus based on financial performance - the only team to make a profit in 2008, according to Neil Hudgell anyway. I suggest they get a bonus based on our league position, might be a good incentive.

The profit and debt figures aren't really linked. Debt is a balance sheet item, and profit comes from the P&L.

The bank account (cash) is on the balance sheet, so paying off the directors loan (which is also on the balance sheet) wont effect the profit in any way.

Fantastic figures non the less. Is that the forth straight profit year?

Obsessed!

When we reach the threshold for our peppercorn rent though we only recieve half of this money so that would suggest the crowd figures would have to drop by double (1340 a home game paying full price tickets to have that effect) still not inconcievable though as you say and would be a worry if we continue to stuggle in the cup and not reaching the playoffs.We may be forced with developing a club fc 2011 though if this happens

I forgot about the KC deal, but as I say i did a very crude calculation. And I don't think its inconceivable we will lose 1340 people for next season, even the people who usually stick up for the club in everything they do are really mad at the moment.

Highlighted the key words for you.