Just done some digging around the internet and according to Companies House, Sheffield United FC Ltd's accounts (i.e. the football club's) are due to be returned by tomorrow (9th Feb). This means that they should be available for perusal on Companies House in a few days time. The problem is that these will be the accounts to June 2015, so might not tell us much regarding our current status.
Whilst taking a look at the previous accounts, I found some interesting information. The problem we now have as fans is that as a Ltd company (rather than a PLC) the company no longer needs to provide much detail in the accounts. That said, I've spotted a few interesting items:
In the June 2014 accounts, we reported a 30,754,476 profit (yes 30m). Before we get excited this was mainly down to the waiver of an "inter company" loan of 34.5m (this amount also appears in the accounts of Sheffield United Ltd (what was Conrad and wholly owned by the McCabes). So McC wrote off his 34.5m of debt in 2014, probably to allow HRH to buy the club.
However, before you think it was an act of generosity, also in the McC's SU Ltd accounts is a new tangible asset worth a very similar amount to the loan write-down - Bramall Lane.... In McC's SU Ltd accounts is also the profit for this company which looks to be almost entirely rent of about 350k.
So McC took Bramall Lane in exchange for writing off his loan. Considering of what BDTBL consists of (land, offices, hotel etc) 34m isn't a bad deal..
The accounts of the SUFC Ltd company also show profit of 959k on disposal of player registrations (in 2013 this figure was 3m).
The football club only has 941k in tangible assets and 487k intangible.
There is another loan in the accounts this time to K McCabe directly with an outstanding balance of 621k and interest paid of 14k for the year.
Will be interesting to see how the accounts changed following HRH buying half the club.