<PAGE>   1

                                    FORM 10-Q
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


     (Mark One)

     [x] Quarterly report pursuant to Section 13 or 15 (d) of the Securities
         Exchange Act of 1934

     For the quarterly period ended September 30, 2000.
                                    -------------------

     [ ] Transition report pursuant to Section 13 or 15 (d) of the Securities
         Exchange Act of 1934

     For the transition period from               to
                                    -------------    -------------

                         Commission File Number: 0-19889

                  SOUTH HERTFORDSHIRE UNITED KINGDOM FUND, LTD.
                  ---------------------------------------------
                Exact name of registrant as specified in charter


Colorado                                                              84-1145140
--------------------------------------------------------------------------------
State of organization                                      I.R.S. employer I.D.#

        Ntl House, Bartley Wood Business Park, Hook, Hampshire, RG27 9XA
        ----------------------------------------------------------------
                      Address of principal executive office

                                + 44 1256 752000
                                ----------------
                          Registrant's telephone number

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

     Yes                                                                 No   X
         ---                                                                 ---


<PAGE>   2

                  SOUTH HERTFORDSHIRE UNITED KINGDOM FUND, LTD.
                             (A LIMITED PARTNERSHIP)

                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                          Unaudited
                                                                         September 30,        December 31,
                                                                             2000                 1999
                                                                         -------------        ------------
<S>                                                                      <C>                  <C>
ASSETS:
------

CASH AND CASH EQUIVALENTS                                                $    176,365         $    273,189
                                                                         ---------------------------------
CURRENT ASSETS                                                                176,365              273,189

INVESTMENT IN CABLE TELEVISION AND
TELECOMMUNICATIONS PROPERTIES, net of  accumulated
 depreciation and amortization of  $36,039,967 and $36,038,632 at
 September 30, 2000  and December 31, 1999, respectively                   66,121,628           72,337,664

OTHER ASSETS                                                                  340,641              411,127

                                                                         ---------------------------------
            Total assets                                                 $ 66,638,634         $ 73,021,980
                                                                         ---------------------------------

LIABILITIES:
-----------
  Accounts payable to affiliates and related parties                     $  1,482,711         $  1,469,517
  Accrued liabilities                                                         349,125              185,125
                                                                         ---------------------------------
            Current liabilities of the Partnership                          1,831,836            1,654,642

  Accounts payable to affiliates and related parties                       25,296,350           19,645,066
  Current installments due on loan facility                                 6,568,885            5,615,721
  Short term obligations under capital leases                                      --               35,563
                                                                         ---------------------------------
            Current liabilities of the Partnership & Company               31,865,235           26,950,992

  Long term debt                                                           15,892,464           23,398,838
                                                                         ---------------------------------
            Total liabilities                                              49,589,535           50,349,830

MINORITY INTERESTS                                                          6,068,238            7,883,670
PARTNERS' CAPITAL (DEFICIT):
  General Partner
    Contributed capital                                                         1,000                1,000
    Accumulated deficit                                                      (380,181)            (355,851)

                                                                         ---------------------------------
                                                                             (379,181)            (354,851)
  Limited Partners
    Net contributed capital (56,935 units outstanding at
      September 30, 2000 and December 31, 1999 respectively)               48,817,997           48,817,997

  Accumulated deficit                                                     (37,356,749)         (34,948,050)
                                                                         ---------------------------------
                                                                           11,461,248           13,869,947
Currency translation adjustment                                              (101,206)           1,273,384

                                                                         ---------------------------------
Total partners' capital                                                    10,980,861           14,788,480

                                                                         ---------------------------------
TOTAL LIABILITIES AND PARTNERS' CAPITAL                                  $ 66,638,634         $ 73,021,980
                                                                         ---------------------------------
</TABLE>

        The accompanying notes to unaudited financial statements are an
                integral part of these unaudited balance sheets.


                                       2
<PAGE>   3


                  SOUTH HERTFORDSHIRE UNITED KINGDOM FUND, LTD.
                             (A LIMITED PARTNERSHIP)

                 UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                              For the three months ended            For the nine months ended
                                                    September 30,                         September 30,
                                                    -------------                         -------------
                                               2000               1999               2000               1999
                                           ------------       ------------       ------------       ------------

<S>                                        <C>                <C>                <C>                <C>
REVENUES                                   $  6,356,597       $  7,027,768       $ 20,211,733       $ 21,351,916

COSTS AND EXPENSES:
  Operating                                  (2,718,416)        (2,650,132)        (8,243,431)        (7,992,229)
  Selling, general and administrative            10,144           (215,748)           (54,996)          (240,191)
  Management fees and allocated
    overhead from the General Partner        (3,188,976)        (2,449,670)        (9,359,419)        (7,506,273)
  Depreciation and amortization              (1,160,916)        (1,420,278)        (3,560,737)        (4,534,895)
                                           ---------------------------------------------------------------------
OPERATING (LOSS) / PROFIT                      (701,567)           291,940         (1,006,850)         1,078,328


OTHER INCOME (EXPENSE):
  Interest expense                             (825,374)          (773,158)        (2,492,325)        (2,418,902)
  Other                                         (14,857)           (24,195)           (61,656)           (72,686)
                                           ---------------------------------------------------------------------
(LOSS) PROFIT BEFORE MINORITY                (1,541,798)          (505,413)        (3,560,831)        (1,413,260)
INTERESTS
  Minority interests                            474,552             83,265          1,127,765            354,277
                                           ---------------------------------------------------------------------
NET (LOSS) PROFIT                          $ (1,067,246)      $   (422,148)      $ (2,433,066)      $ (1,058,983)

                                           ---------------------------------------------------------------------
ALLOCATION OF NET (LOSS) PROFIT:
  GENERAL PARTNER                          $    (10,672)      $     (4,221)      $    (24,331)      $    (10,590)
  LIMITED PARTNERS                         $ (1,056,574)      $   (417,927)      $ (2,408,735)      $ (1,048,393)

NET (LOSS) PROFIT PER LIMITED
  PARTNERSHIP UNIT                         $     (18.56)      $      (7.34)      $     (42.31)      $     (18.41)

WEIGHTED AVERAGE NUMBER
  OF LIMITED PARTNERSHIP
  UNITS OUTSTANDING                              56,935             56,935             56,935             56,935
</TABLE>

            UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

<TABLE>
<CAPTION>
                                                 For the three months ended          For the nine months ended
                                                        September 30,                       September 30,
                                                        -------------                       -------------
                                                    2000              1999              2000              1999
                                                -----------       -----------       -----------       -----------

<S>                                             <C>               <C>               <C>               <C>
NET (LOSS) PROFIT                               $(1,067,246)      $  (422,148)      $(2,433,066)      $(1,058,983)
  Foreign currency translation adjustments         (464,734)          744,499        (1,374,590)         (149,277)
                                                -----------------------------------------------------------------

TOTAL COMPREHENSIVE (LOSS)/INCOME               $(1,764,331)      $   322,351       $(4,103,298)      $(1,208,260)
                                                -----------------------------------------------------------------
</TABLE>

         The accompanying notes to unaudited financial statements are an
                  integral part of these unaudited statements.


                                       3
<PAGE>   4

                  SOUTH HERTFORDSHIRE UNITED KINGDOM FUND, LTD.

                             (A LIMITED PARTNERSHIP)

                 UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS



<TABLE>
<CAPTION>
                                                                                        For the nine months ended
                                                                                               September 30,
                                                                                               -------------
                                                                                          2000              1999
                                                                                      -----------       -----------
<S>                                                                                   <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                                            $(2,433,066)      $(1,058,983)
Adjustments to reconcile net loss to net cash generated in operating activities:
-------------------------------------------------------------------------------
  Minority interests                                                                   (1,127,765)         (354,277)
  Depreciation and amortization                                                         3,560,737         4,534,895
Change in operating assets and liabilities:
------------------------------------------
  Decrease in other assets                                                                 38,104            72,686
  Increase in accounts payable to related parties                                       7,955,634           903,977
  Decrease in trade accounts payable and accrued liabilities                              164,000            (3,654)
                                                                                      -----------------------------
     NET CASH GENERATED IN OPERATING ACTIVITIES                                         8,157,644         4,094,644

CASH FLOWS FROM INVESTING ACTIVITIES:
  Construction payments for cable television/telephony system                          (4,182,925)       (2,195,117)

CASH FLOWS FROM FINANCING ACTIVITIES:

  Decrease in borrowings                                                               (4,015,597)       (1,636,242)
  Principal payments under capital leases                                                 (33,906)         (263,285)
                                                                                      -----------------------------
      NET CASH USED IN FINANCING ACTIVITIES                                            (4,049,503)       (1,899,527)


Effect of currency exchange rate changes                                                  (22,039)             (580)

                                                                                      -----------------------------
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                          (96,823)             (580)
                                                                                      -----------------------------

Cash and cash equivalents, beginning of period                                            273,189            76,337

                                                                                      -----------------------------
CASH AND CASH EQUIVALENTS, END OF PERIOD                                              $   176,366       $    75,757
                                                                                      -----------------------------

SUPPLEMENTAL CASH FLOW DISCLOSURES:
INTEREST PAID                                                                         $ 1,620,959       $ 1,766,003
</TABLE>


        The accompanying notes to unaudited financial statements are an
                  integral part of these unaudited statements.


                                       4
<PAGE>   5

                  SOUTH HERTFORDSHIRE UNITED KINGDOM FUND, LTD.
                             (A LIMITED PARTNERSHIP)

                     NOTES TO UNAUDITED FINANCIAL STATEMENTS



(1) BASIS OF PRESENTATION

    The accompanying financial information should be read in conjunction with
the financial statements of the South Hertfordshire United Kingdom Fund, Ltd.
(the "Partnership"), including the notes thereto, for the year ended December
31, 1999. The financial information included herein is unaudited. However, in
the opinion of management, such information reflects all adjustments, consisting
only of normal recurring adjustments, necessary to present fairly the financial
position of the Partnership at September 30, 2000 and its results of operations
and cash flows for the nine month periods ended September 30, 2000 and 1999.
Results of operations for these periods are not necessarily indicative of
results to be expected for the full year. As a result of the Partnership's
ownership of 66.7 percent of the shares of ntl (South Hertfordshire) Limited
(formerly Cable and Wireless Communications (South Hertfordshire) Limited),
(formerly Bell Cablemedia (South Hertfordshire) Limited) (the "Company"), for
accounting purposes it has been consolidated with the Partnership's operations.


(2) INVESTMENT IN SUBSIDIARY

    The Company is a United Kingdom corporation that owns and operates a cable
television/telephony system in the South Hertfordshire franchise area, located
adjacent to the northwest perimeter of Greater London, England (the "South Herts
System"). At September 30, 2000, the network included approximately 91,369 homes
released to operations. At September 30, 2000 the South Herts System's cable
television customers totaled approximately 25,769 and the South Herts System's
residential telephony lines totaled approximately 31,161. Digital customers
totaled 9,733 at that date.

    The Company is now owned 66.7 percent by the Partnership and 33.3 percent by
ntl (CWC) Limited, (formerly Cable & Wireless Communications plc), and the
general partner of the Partnership is now Fawnspring Limited (the "General
Partner"), a wholly owned subsidiary of ntl (CWC) Limited. The General Partner
provides consulting services to the Partnership. The General Partner may
delegate some or all of the consulting services to ntl (CWC) Limited or to other
affiliates.

    ntl (CWC) Limited, through its subsidiaries and its interest in the Company,
holds exclusive cable television licenses and related non-exclusive
telecommunications licenses covering more than six million potential residential
customers, representing approximately 25% of all homes in the United Kingdom
(including 59% of all homes in Greater London), and substantially all
small-to-medium sized business customers within its 47 cable franchise areas.

    On July 26 1999, C&W, NTL Incorporated ("NTL") and C&W Comms announced:

(a) the proposed separation of C&W Comms into its corporate, business, Internet
    protocol and wholesale operations ("CWC DataCo") and its residential cable,
    business cable, indirect residential telephony, residential Internet and
    digital television development and services businesses ("CWC ConsumerCo"),
    (which includes the Company);

(b) the proposed indirect acquisition by C&W of the 47 per cent interest in CWC
    DataCo which is not currently attributable to it (thereby achieving 100 per
    cent ownership of CWC DataCo); and

(c) the proposed indirect acquisition by NTL of CWC ConsumerCo (together with
    the proposed separation of C&W Comms and the C&W acquisition, the
    "Transaction").

    Shareholder and other public documentation relevant to the Transaction, in
particular the documents required to solicit various shareholder and bondholder
consents, were posted on February 14, 2000 to holders of relevant securities of
C&W, NTL and C&W Comms. By May 10, 2000, the necessary competition clearances
relating to the NTL acquisition of CWC ConsumerCo and France Telecom's
investment in NTL were obtained from the UK Secretary of State for Trade and
Industry.

    Completion of the separation took place on May 30, 2000, at which date ntl
Inc. indirectly acquired CWC ConsumerCo; CWC ConsumerCo is subsequently trading
as ntl (CWC) Limited.


                                       5
<PAGE>   6

(3) TRANSACTIONS WITH AFFILIATED ENTITIES

    The General Partner of the Partnership or its affiliates are entitled to be
paid a consulting fee by the Company. During the construction phases of the
South Herts System, this consulting fee was 2 percent of construction costs.
After completion of construction of each portion of the system, the consulting
fee for the completed portion is 5 percent of the gross revenues, excluding
revenues from the disposal of cable television/telephony systems. The consulting
fee is calculated and payable monthly. Consulting fees paid or payable by the
Company for the three months ended September 30, 2000 and 1999 were $300,937 and
$356,473 respectively. All of these amounts were expensed in the Unaudited
Consolidated Statements of Operations for the three months ended September 30,
2000 and 1999 respectively. Consulting fees paid or payable by the Company for
the nine months ended September 30, 2000 and 1999 were $1,040,359 and $1,069,292
respectively. All of these amounts were expensed in the Unaudited Consolidated
Statements of Operations for the nine months ended September 30, 2000 and 1999
respectively.

    The General Partner and its affiliates are entitled to reimbursement from
the Company for direct and indirect expenses allocable to the operation of the
South Herts System, and from the Partnership for direct and indirect expenses
allocable to the operation of the Partnership, which include, but are not
limited to, rent, supplies, telephone, travel, copying charges and salaries of
any full or part-time employees. The General Partner believes that the
methodology used in allocating these expenses is reasonable. During the three
months ended September 30, 2000 and 1999, reimbursements made by the Company and
the Partnership to the General Partner or its affiliates for any allocable
direct and indirect expenses totaled $2,888,039 and $2,093,197 respectively.
During the nine months ended September 30, 2000 and 1999, reimbursements made by
the Company and the Partnership to the General Partner or its affiliates for any
allocable direct and indirect expenses totaled $8,319,060 and $6,436,981
respectively. These increases were due to an increase in the provision of
services by the General Partner in 2000 as compared to 1999.

    The General Partner and its affiliates may make advances to, and defer
collection of fees and allocated expenses owed by the Partnership, although they
are not required to do so. The Partnership will be charged interest on such
advances and deferred amounts at a rate equal to the General Partner's or
certain affiliates' weighted average cost of all debt financing from
unaffiliated entities. For the three months ended September 30, 2000 and 1999,
this interest charge was $245,250 and $206,491, respectively. For the nine
months ended September 30, 2000 and 1999 this interest charge was $799,813 and
$582,735, respectively.


(4) FINANCINGS

    On April 18, 1995 the Company entered into an agreement with two major banks
to provide a Pound Sterling25,000,000 revolving and term loan credit facility
agreement maturing on December 31, 2003 (the "South Herts Credit Agreement"). On
October 18, 1996, Pound Sterling5,000,000 was canceled and the facility reduced
to Pound Sterling20,000,000.

    The credit facility was structured as a revolving facility through December
31, 1997, at which time the facility was converted into a term loan. The term
loan portion will require repayment of outstanding principal amounts beginning
in 2000, with the final 50% of such amounts being repaid in 2002 and 2003. The
facility is divided into two tranches, denoted Facility A and Facility B, and
the aggregate amount drawn down under both tranches may not exceed Pound
Sterling20,000,000. Amounts drawn down under Facility A bear interest at
sterling LIBOR plus a margin of 2.5%. The availability of Facility B of Pound
Sterling20,000,000 is subject to certain conditions which have now been
satisfied and amounts drawn down under Facility B bear interest at sterling
LIBOR plus a margin ranging from 0.75% to 2.0% depending on the bank debt ratio
(the ratio of bank debt to annualized operating cash flow) of the Company.

    The South Herts Credit Agreement contains various covenants including
financial covenants such as a cumulative revenue test, bank debt ratio, interest
cover ratio, a fixed charges ratio and a pro-forma debt service ratio and other
covenants such as restrictions on disposals and on the creation of indebtedness
and encumbrances. The South Herts Credit Agreement also includes a restriction
on the payment of dividends which provides that dividends or distributions in
respect of its issued share capital and payments in respect of certain
intercompany loans could not be made prior to December 31, 1997. Such payments
will be permitted thereafter only if the bank debt ratio for the previous two
accounting quarters is less than 5.5:1 and no event of default or potential
event of default has occurred and is continuing at such time and the payment of
such dividend or distribution will not give rise to an event of default or
potential default.

    The South Herts Credit Agreement contains certain events of default,
including non-payment of amounts due under the South Herts Credit Agreement,
breaches of representations and covenants (including financial ratios) contained
in the South Herts Credit Agreement, cross-default to certain other indebtedness
of the Company, certain bankruptcy and insolvency events and certain changes of
ownership.


                                       6
<PAGE>   7

    The obligations of the Company under the South Herts Credit Agreement are
secured by first fixed and floating charges over all of the assets of the
Company. In addition, there is a pledge of all of the share capital of the
Company given by ntl (CWC) Limited and the Partnership as additional security
for the facility.

    The General Partner believes that the South Herts Credit Agreement will be
sufficient to fund the completion of construction and operation of the South
Herts System. The amount outstanding under the facility at September 30, 2000
was Pound Sterling15,343,500 ($22,461,350) and this amount was all drawn under
Facility B.


                                       7
<PAGE>   8

                  SOUTH HERTFORDSHIRE UNITED KINGDOM FUND, LTD.
                             (A LIMITED PARTNERSHIP)

         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                              RESULTS OF OPERATIONS


LIQUIDITY AND CAPITAL RESOURCES

    The Partnership. The Partnership's source of cash has been the net proceeds
of its offerings of limited partnership interests. Historically, the
Partnership's principal uses of cash have been capital contributions to the
Company in order to fund the Partnership's proportionate share of the
construction costs of the South Herts System. As discussed below, the General
Partner believes that no additional capital contributions will be required to
fund the completion of construction and operations of the South Herts System.
Accordingly, in the future, the Partnership's uses of cash will be restricted to
covering its administration costs (principally insurance premiums, legal and
accounting costs associated with the Partnership's annual audit and periodic
regulatory filings and general administration). As of September 30, 2000 the
Partnership had current liabilities of $1,831,836 most of which were payable to
the General Partner.

    The Company. On April 18, 1995 the Company entered into an agreement with
two major banks to provide a Pound Sterling25,000,000 revolving and term loan
credit facility agreement maturing on December 31, 2003 (the "South Herts Credit
Agreement"). On October 18, 1996, Pound Sterling5,000,000 was canceled and the
facility reduced to Pound Sterling20,000,000.

    The General Partner believes that the South Herts Credit Agreement and
ongoing cash flows from operations will be sufficient to fund the completion of
construction and operation of the South Herts System. The amount outstanding
under the facility at September 30, 2000 was Pound Sterling15,343,500
($22,461,350) and this amount was all drawn under Facility B.


QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

    The functional currency of the Company is UK pounds sterling and all revenue
and significantly all costs are incurred in UK pounds sterling. In order
partially to fund capital expenditure on the South Herts System, the Company
arranged a credit facility denominated in UK pounds sterling. The balance
outstanding on the facility at September 30, 2000 was Pound Sterling15,343,500
($22,461,350) at the closing rate of Pound Sterling1 = $1.46. The loan bears
interest at sterling LIBOR plus a margin ranging from 0.75% to 2.0% depending on
the bank debt ratio (the ratio of bank debt to annualized operating cash flow)
of the Company. At September 30, 2000, sterling LIBOR was 6.00%. The average
interest rate borne by the loan during the period was 8.1%.

    Repayment of the credit facility falls due as follows:

<TABLE>
<CAPTION>
                              Pound Sterling            $*
    <S>                           <C>           <C>
    September 30, 2001             4,487,250     6,568,885
    September 30, 2002             4,825,000     7,063,318
    September 30, 2003             4,825,000     7,063,318
    September 30, 2004             1,206,250     1,765,829
                                  ----------    ----------
                                  15,343,500    22,461,350
                                  ----------    ----------
</TABLE>

    * At closing rate Pound Sterling1 = $1.46

    This loan represents the Fund's principal exposure to market risk,
specifically to variations in the sterling LIBOR interest rate and in the UK
pound sterling - US dollar exchange rate. Exposure to foreign exchange risk is,
however, partially mitigated by the fact that the loan is denominated in the
functional currency of the Company.


RESULTS OF OPERATIONS

    Revenues of the Partnership fell by $671,171 for the three months ended
September 30, 2000, from $7,027,768 over the corresponding period in 1999 to
$6,356,597 in 2000. Overall, revenues of the Partnership fell by $1,140,183 for
the nine months ended September 30, 2000, from $21,351,916 over the
corresponding period in 1999 to $20,211,733 in 2000. This decrease is
attributable to two factors; customers migrating from analogue to digital are
subscribing to basic packages rather than premium packages, and secondly, the
competitive internet market has resulted in free internet access where
previously customers were charged a local call rate. The South Herts System
served approximately 25,769 cable television customers and 31,161 residential
telephony lines at September 30, 2000 as


                                       8
<PAGE>   9

compared to approximately 23,900 basic cable television customers and 30,600
residential telephony lines at September 30, 1999. In January 2000, ntl (CWC)
Limited began its rollout of Digital services in the South Herts franchise area.
At September 30, 2000, the Company served approximately 9,733 digital customers,
an increase of 1,417 from June 30, 2000.

    Operating expenses increased $68,284 for the three months ended September
30, 2000, from $2,650,132 over the corresponding period in 1999 to $2,718,416 in
2000. Operating expenses increased $251,202 for the nine months ended September
30, 2000, from $7,992,229 over the corresponding period in 1999 to $8,243,431 in
2000. The overall increase resulted from the continuing pressure on costs
experienced by the ntl (CWC) Limited Group.

    Selling, general and administrative expenses reduced $225,892 for the three
months ended September 30, 2000, from $215,748 over the corresponding period in
1999 to income of $10,144 in 2000. Selling, general and administrative expenses
decreased $185,195 for the nine months ended September 30, 2000, from $240,191
over the corresponding period in 1999 to $54,996 in 2000. These decreases were
due to a fall of $94,000 in direct overhead costs, in addition to an exchange
gain of $79,000 in the period, compared to an exchange loss of $53,000 in 1999.

    Management fees and allocated overhead from the General Partner increased by
$739,306 for the three months ended September 30, 2000, from $2,449,670 over the
corresponding period in 1999 to $3,188,976 in 2000. Management fees and
allocated overhead from the General Partner increased by $1,853,146 for the nine
months ended September 30, 2000, from $7,506,273 over the corresponding period
in 1999 to $9,359,419 in 2000. Extra costs have been incurred due to the rollout
of digital services in the South Herts franchise area.

    Depreciation and amortization expense decreased $259,362 for the three
months ended September 30, 2000, from $1,420,278 over the corresponding period
in 1999 to $1,160,916 in 2000. Depreciation and amortization expense decreased
$974,158 for the nine months ended September 30, 2000, from $4,534,895 over the
corresponding period in 1999 to $3,560,737 in 2000.

    Interest expense increased by $52,216 for the three months ended September
30, 2000, from $773,158 over the corresponding period in 1999 to $825,374 in
2000. Interest expense increased by $73,423 for the nine months ended September
30, 2000, from $2,418,902 over the corresponding period in 1999 to $2,492,325 in
2000. Although the loan principal and consequently the attributable interest is
decreasing, the Company and Partnership are incurring additional interest on
deferred charges paid for by the General Partner.

    Net loss increased by $645,098 for the three months ended September 30,
2000, from a loss of $422,148 over the corresponding period in 1999 to a loss of
$1,067,246 in 2000. Net loss increased by $1,374,083 for the nine months ended
September 30, 2000, from a loss of $1,058,983 over the corresponding period in
1999 to a loss of $2,433,066 in 2000. The increases in net loss are due to the
additional costs incurred by the Company following the rollout of digital
services in the South Herts franchise area in January 2000, and the Company
reducing its prices to maintain its position in the competitive environment in
which it operates.


                                       9
<PAGE>   10

                           PART II. OTHER INFORMATION


Item 6. Exhibits and Reports on Form 8-K.

    a)     Exhibits
           27 Financial Data Schedule

    b)     Reports on Form 8-K

           None




                                   SIGNATURES


           Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                              SOUTH HERTFORDSHIRE UNITED
                                                KINGDOM FUND, LTD.
                                              a Colorado limited partnership
                                              BY: FAWNSPRING LIMITED
                                                  Its General Partner



                                              BY:   /s/ Robert M. MacKenzie
                                                    ---------------------------
                                                      Robert M. Mackenzie
                                                      Director
                                                      14 November, 2000



                                       10