SALFORD VILLAGE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +7.8%

  £9,177,654 → £9,892,714

• Cash

  -21.6%

  £4,419,705 → £3,466,811

• Net assets

  -0.8%

  -£12,682,551 → -£12,779,742

• Employees

  —

  Not reported

• Operating profit

  +12.1%

  £4,205,721 → £4,713,260

• Profit before tax

  -3.1%

  -£94,305 → -£97,191

• Wages

  +5%

  £819,833 → £861,139

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Notwithstanding the Company having net liabilities of £12,779,742 as at 30 June 2025 the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. In assessing the going concern position of the Company, the Directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, the Company will have sufficient funds to meet its liabilities as they fall due for that period. The downside sensitivities considered include a reduction in the level of future forecast revenue based on a reduced occupancy reflecting a severe but plausible scenario. In the event that the downside scenario arises the Directors consider they are able to take reasonable mitigating actions, which include but are not limited to, a reduction in discretionary distributions (being the payment of subordinate debt interest). Implementing these mitigating actions would enable the Company to continue to operate within its existing facilities during the forecast period. The company has entered into the arrangement to provide student accommodation over the long term. The property is financed through an external finance lease with Standard Life with a term until June 2060. Interest is charged on this lease each year, but the majority of this is rolled up and is paid in cash in future years per the terms of the lease agreement. The cash payments required per the terms of the lease agreement in the 12 months from the date of the approval of these financial statements are £4,790,917. Whilst the company is loss making this was always forecast to occur in early years. The company continues to generate positive cash flows, with cash generated from operations of £5,977,581 in the year (30 June 2024: £7,050,413). The company has a strong nominations agreement in place with the University of Salford for 100% of rooms on a 12 month rolling basis until to ensure high occupancy levels are achieved. The University have nominated 100% of rooms for the 2025-25 academic year again. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.