From the little I understand about accounts (I'm self employed but have no idea what the hell goes in in my annual accounts - I tend to go to the end to see how much tax I've got to pay!)....
Liabilities will include things like employees Income Tax, NI, VAT, Corporation Tax, Rates etc etc that were due to be paid when the accounts were done.
Loans can be used to lower tax liabilities
Staplewood is possibly marked as a Liability since it costs money to run, it does not generate income as an Asset would (your car is a liability, not an asset for example) - although it will have a notional net worth or value.
Also any 'loss' you make can be offset against tax in the future.
If you saw my accounts you'd think it was all about to go under, it isn't, doing ok as it happens, but that's not what it immediately looks like - but as my accountants say, they follow the most productive tax and accounting schema for my business, just as SFCs will.
In other words, if you're not an accountant, you simply don't have all the knowledge to be able to make valid calls on the accounts of SFC.
So, if any accountants happen to be passing by - what do the accounts look like?