SF FUNDING LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-02 (in 2mo)
Last made up 2025-06-18
Watchouts
None on the register
Cash
£16M
+5.3% highest in 5 filed years
Net assets
-£49M
-229% vs 2024
Employees
2
+100% highest in 5 filed years
Profit before tax
-£41M
-565.8% vs 2024
Net assets
8-year trend · vs Real Estate median
Accounts
8-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-04-01 | 2021-03-31 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £12,508,000 | — | £12,410,000 | — | £11,053,000 | £11,212,000 | |
| Operating profit | — | — | -£27,441,000 | — | -£45,323,000 | — | £11,399,000 | -£22,609,000 | |
| Profit before tax | — | — | -£38,186,000 | — | -£52,710,000 | — | -£6,177,000 | -£41,126,000 | |
| Net profit | — | -£10,927,000 | -£12,840,000 | — | -£9,322,000 | — | -£6,983,000 | -£33,997,000 | |
| Cash | — | £14,350,000 | £15,065,000 | — | £15,259,000 | — | £15,296,000 | £16,101,000 | |
| Total assets less current liabilities | — | £236,808,000 | £224,905,000 | — | £219,192,000 | — | £314,773,000 | £281,408,000 | |
| Net assets | — | -£60,824,000 | £33,975,000 | — | -£7,863,000 | — | -£14,846,000 | -£48,843,000 | |
| Equity | -£49,727,000 | -£60,824,000 | £33,975,000 | -£73,664,000 | -£7,863,000 | -£82,986,000 | -£14,846,000 | -£48,843,000 | |
| Average employees | — | 1 | 0 | — | 0 | — | 1 | 2 | |
| Wages | — | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — | — |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+1.4%
£11,053,000 £11,212,000
-
Cash
+5.3%
£15,296,000 £16,101,000
highest in 5 filed years
-
Net assets
-229%
-£14,846,000 -£48,843,000
-
Employees
+100%
1 2
highest in 5 filed years
-
Operating profit
-298.3%
£11,399,000 -£22,609,000
-
Profit before tax
-565.8%
-£6,177,000 -£41,126,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-04-01 | 2021-03-31 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 103.1% | — | |
| Net margin | — | — | -102.7% | — | -75.1% | — | -63.2% | — | |
| Return on capital employed | — | — | -12.2% | — | -20.7% | — | 3.6% | -8.0% | |
| Current ratio | — | — | — | — | — | — | 1.39x | 1.34x | |
| Interest cover | — | — | — | — | — | — | 0.62x | -1.17x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Harris & Trotter LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that the Group is in a satisfactory financial position, however, notice should be taken of the potential legislative changes disclosed in the critical accounting estimates and assumptions section of note 3 which potentially could lead to an adverse impact on the Group's ability to continue as a Going Concern.”
Group structure
- SF FUNDING LIMITED · parent
- HB Ground Rents 2010 Limited Partnership 100%
- Jessica Ventures Limited 100%
- RMB 102 Limited 100%
- SF 103 Limited 100%
- SF 104 Limited 100%
- SF 105 Limited 100%
- SF 201 Limited 100%
- SF 2010B Limited 100%
- SF 3US Limited 100%
- SF 5US Limited 100%
- SF 803 Limited 100%
- SF Aldingbourne Estates LLP 100%
- SF General Partner (Ground Rents 2010) Limited 100%
- SF GR 2010A Limited 100%
- SF GR No 5 Limited 100%
- SF GR Properties No 2 Limited 100%
- SF GR2 Limited 100%
- SF Ground Rent No. 1 Limited 100%
- SF Ground Rents Limited 100%
- SF Ground Rents No 15 Limited 100%
- SF Ground Rents No 18 Limited 100%
- SF Ground Rents No 21G Limited 100%
- SF Ground Rents No 22G Limited 100%
- SF Ground Rents No 23G Limited 100%
- SF Ground Rents No 1 LLP 100%
- SF Ground Rents No 11 LLP 100%
- SF Ground Rents No 2 LLP 100%
- SF Ground Rents No 5 LLP 100%
- SF Ground Rents No 8 LLP 100%
- SF Member No. 1 Limited 100%
Significant events
- “The Leasehold & Freehold Reform Act 2024 ("LAFRA") was passed and obtained Royal Assent in May 2024.”
- “In January 2025 the two-year ownership rule for leaseholders to extend their leases or buy their freehold was abolished. From March 2025 the Right to Manage (RTM) reform expanded the qualification criteria to mixed use buildings with up to 50% non-residential space (previously 25%).”
- “In July 2025 a judicial review commenced in the High Court involving a coalition of nine major freeholders challenging certain areas of LAFRA on human rights infringement grounds.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JARVIS, Christopher Russell | Director | 2021-11-01 | Jan 1978 | English |
| TURNER, Steven Bruce | Director | 2024-12-04 | Jan 1968 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TUTTIETT, James Edward | Director | 2014-06-18 | 2023-01-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Penult Sf Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 40 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-08 MA Memorandum articles
- 2023-11-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-17 | AA | accounts | Accounts with accounts type group | |
| 2025-06-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-09 | AA | accounts | Accounts with accounts type group | |
| 2024-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-13 | AA | accounts | Accounts with accounts type group | |
| 2023-11-08 | MA | incorporation | Memorandum articles | |
| 2023-11-08 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-30 | AA | accounts | Accounts with accounts type group | |
| 2022-08-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-19 | AA | accounts | Accounts with accounts type group | |
| 2021-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2021-06-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-17 | AA | accounts | Accounts with accounts type group | |
| 2020-06-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-20 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.