Rangers' New Edmiston House may have only been up and running for a little under 12 months.
However, in its facility's first six months of trading, having begun in January last year, a profit of £30,000 was made, highlighting the project's early success.
The club has filed its subsidiary accounts for companies owned by RIFC plc up to June 30, 2023.
It was shown that New Edmiston House Limited registered a profit (after tax) of £30k, with net assets of £7K.
The full statement of Comprehensive Income Year End reads - 30 June 2023 Revenue: £878k (22: £364k), Gross Profit: £651k (22: £273k) Profit/Loss: £29,766 (22: 2k loss), Balance Sheet: Assets: £12.1m (22: £4.2m) Funds/Deficit: £6,853 (22: £23k deficit).
The total asset value for New Edmiston House stands at £12.2m.
Rangers Chairman John Bennet holds standard security (as trustee for the lenders) over New Edmiston House Limited and its assets under the terms of investor loans to RIFC plc.
Further details of the project can be read online.
READ MORE: Sam Lammers delivers Rangers truth bomb over loan exit
Meanwhile, Sam Lammers has revealed he didn't have to leave Rangers to return to the Eredivisie and it was his decision to go out on loan.
The Dutch flop has returned to his homeland to join Utrecht on loan after a difficult six months at Rangers, who splashed out £3.5 million to land the former Atalanta striker.
Utrecht doesn't have an option to buy the 26-year-old former PSV Eindhoven forward and Lammers has insisted he could have stayed and fought for his place under Philippe Clement.
He said: "I really didn't necessarily have to leave Rangers, a wonderful club of course."
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