COIN STREET COMMUNITY BUILDERS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw your attention to note 1.4 of the financial statements which explains that the group will need to obtain additional financing and this has not yet been secured. As stated in note 1.4, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. COIN STREET COMMUNITY BUILDERS LIMITED 1984-06-01 → present
2. WIDE ACTION LIMITED 1984-01-17 → 1984-06-01

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

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

Gravita Audit Oxford LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw your attention to note 1.4 of the financial statements which explains that the group will need to obtain additional financing and this has not yet been secured. As stated in note 1.4, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. COIN STREET COMMUNITY BUILDERS LIMITED · parent
   1. South Bank Management Services Limited 100% · Dormant
   2. Coin Street Community Services Limited 100% · Dormant
   3. PA1 Tower Freehold Limited 100% · Investment company
   4. PA1 Tower Lease Limited 100% · Development company
   5. PA3 Lease Limited 100% · Investment company

Significant events

• “During the 2024-25 financial year, CSCB commissioned a formal external valuation to establish the fair value of all the group's property assets, in line with best practice and to provide a robust base for future accounting periods.”
• “At 31 March 2025, the company had a loan facility of £11,500,000 which was contractually due for repayment in May 2025. Subsequent to the year end, in May 2025, the company successfully renegotiated the terms of this loan with the lender. The revised agreement extended the repayment terms; therefore, the loan was not settled in May 2025 as originally scheduled.”
• “A major mixed development scheme including housing, a public sw mming pool and indoor leisure centre is being planned for the Doon Street site adjacent to the National Theatre.”
• “The company has consent for a substantial upgrading of Bernie Spain Gardens and a new garden adjacent to the riverside walkway.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

4

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.

• Turnover

  -0.1%

  £9,543,621 → £9,534,398

• Cash

  -27.5%

  £5,634,671 → £4,083,195

• Net assets

  +0.5%

  £40,541,627 → £40,747,051

• Employees

  +12.5%

  96 → 108

• Operating profit

  -89.9%

  £2,034,919 → £205,333

• Profit before tax

  -121.4%

  £1,547,298 → -£330,776

• Wages

  +12.6%

  £3,317,422 → £3,736,701

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers