New accounts filed by the Barden family-owned O’Donoghues (Merrion Row) Ltd show that the business recorded the €902,887 post-tax profits in the 12 months to the end of last June after recording post-tax profits of €215,886 in the previous year.
The pub enjoyed a bumper year as 150,000 Taylor Swift fans descended on the nearby Aviva stadium last June 28, 29 and 30.
The pub also benefited from three Six Nations internationals in the early part of last year.
This year, the business will benefit as Dua Lipa and Lana Del Rey perform at the Aviva stadium.
The accounts – signed off by directors, Oliver Barden and Marie Barden on April 9 – show that at the end of last June, the company was sitting on accumulated profits of €2.5million.
The profit last year takes account of non-cash depreciation costs of €242,898.
At the end of last June, the company had shareholder funds of €9.94m that included the accumulated profits of €2.5m and a revaluation reserve of €7.42m.
The company’s cash funds plummeted from €2.16m to €840,145, and this coincided with the company re-investing once more in the business last year.
The accounts show that the value of the company’s tangible assets last year increased from €7.3m to €9.9m and this was mainly due to the addition of land and buildings freehold that had a book value of €2.86m.
Pay to directors last year reduced from €345,000 to €316,000.
The pub is owned and operated by the Barden family and numbers employed remained at 22 during the year.
The abridged accounts do not provide a revenue figure for the year, but do disclose that the company made a dividend payout of €54,375.
Underlining the buoyant year enjoyed by the business, the amount owed under taxation and social welfare doubled from €374,660 to €760,003.
The pub has long been associated with traditional Irish music, and The Dubliners in particular, who began to play at the pub in the 1960s. Bruce Springsteen has also been a visitor.
The premises was built in 1789 and began operating as a full-time pub in 1934 when Maureen and Paddy O‘Donoghue began running the bar.
Oliver Barden bought the pub in 1988.
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