SUMMERFIELD DEVELOPMENTS (SW) LIMITED

1. SUMMERFIELD DEVELOPMENTS (SW) LIMITED 1994-03-24 → present
2. SUMMERFIELD INVESTMENTS LIMITED 1990-09-17 → 1994-03-24

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

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group meets its day to day working capital requirements through its bank facilities, which include an overdraft and revolving credit facility. At the time of approval of the financial statements the group had total facilities of £13m available. The group's current banking facilities are in place until the usual three year renewal December 2027. The group has a long standing relationship with its bankers, Lloyds, which remains strong. As at 31 December 2024 the group had net assets of £34,620,963 and a loan to value, on its investment properties alone, of significantly less than its current 55% loan to value limit. The directors have reviewed projections and cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements, which demonstrate the group's ability to continue trading within current facilities, and on the assumption of them being renewed, the directors continue to adopt the going concern basis of presentation.”

Group structure

1. SUMMERFIELD DEVELOPMENTS (SW) LIMITED · parent
   1. Blackdown Properties Limited 100% · United Kingdom · dormant
   2. Summerfield South West Limited 100% · United Kingdom · main employer for the group's employees
   3. Summerfield Spare Ltd 100% · United Kingdom · dormant
   4. Summerfield Residential Lettings Limited 100% · United Kingdom · not traded throughout the year

Significant events

• “During the year construction was completed on another drive through premises which was added to the company's investment portfolio. The return from the company's investment portfolio for the year increased when compared to 2023 and the company has largely retained or replaced tenants as lease events have occurred.”
• “The residential business continued to build on the final phase of a development in Taunton. This part of the business continues to operate in a challenging market which saw continued reduction in customer demand alongside rises in material and subcontractor prices.”
• “During 2020 Natural England effectively stopped the local authority issuing any planning consent for new developments due to phosphate pollution on the Somerset Levels. There remains no simple solution available in respect of mitigation of phosphate impact. However, the company has successfully found a number of mitigation solutions, which have been approved by Natural England, albeit they continue to expend significant time, effort, and additional cost in bringing these forwards for each site it plans to develop.”
• “In terms of financial stability, the group's funding arrangements were renewed in December 2024, when the company secured funding for another three year period with its existing lender.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +45.7%

  £9,763,082 → £14,225,395

• Cash

  -44.6%

  £1,050,550 → £581,908

• Net assets

  +8.7%

  £31,850,985 → £34,620,963

• Employees

  0%

  14 → 14

• Operating profit

  +0.8%

  £2,210,435 → £2,227,948

• Profit before tax

  +1,209.9%

  £302,042 → £3,956,503

• Wages

  +14.1%

  £728,052 → £830,751

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