CANALSIDE FENNY LTD

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  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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 102

Reporting scope

Consolidated group

Auditor

Bewers Turner & Co LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis not withstanding that at 31 July 2025 the company had net current liabilities of £1,311,375. The directors believe this basis to be appropriate and the group owners have agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.”

Group structure

1. CANALSIDE FENNY LTD · parent
   1. Shefford Developments Limited 100% · Residential property development

Significant events

• “Sales of completed properties generated revenues of £10.3m in the year, compared with £18.6m in the prior year; a significant reduction reflecting no new projects and a difficult selling environment.”
• “The company made a gross loss at two projects which suffered severe delays caused in one case by utility connection issues and in the second reaching agreement with a housing association. Increased costs at the third site meant it did not contribute to the financial performance.”
• “The company's biggest risk continues to be sourcing viable development opportunities. The statutory requirement to provide an increasing level of affordable housing and the time taken to obtain planning approvals is causing significant uncertainty over land purchases. The sales market has been difficult with a limited number of buyers in an uncertain interest rate environment.”

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.