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FIFE CROPS LIMITED

Registered Number
SC158672
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2024

FIFE CROPS LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Sharon Bisset
Elizabeth Patricia Boyne
George Alexander Meldrum Boyne
Kelly Janet Smith Laing
Llana Mcintosh Reekie

Registered Address

The Farmhouse,Cashmill
Auchtermuchty
Cupar
KY14 7EP

Registered Number

SC158672 (Scotland)
FIFE CROPS LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35814,276
Investments585,54363,049
Investment property4386,850515,585
472,974582,910
Current assets
Debtors6447486
Cash at bank and on hand192,71847,722
193,16548,208
Creditors amounts falling due within one year7(59,145)(4,450)
Net current assets (liabilities)134,02043,758
Total assets less current liabilities606,994626,668
Provisions for liabilities(116)(812)
Net assets606,878625,856
Capital and reserves
Called up share capital20,00020,000
Other reserves40,00040,000
Profit and loss account546,878565,856
Shareholders' funds606,878625,856
The financial statements were approved and authorised for issue by the Board of Directors on 30 April 2025, and are signed on its behalf by:
George Alexander Meldrum Boyne
Director
Registered Company No. SC158672
FIFE CROPS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Income represents rents receivable in the year.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.

Reducing balance (%)Straight line (years)
Plant and machinery25-
Office Equipment-3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 246,177-6,177
Additions-350350
Disposals(5,688)-(5,688)
At 31 December 24489350839
Depreciation and impairment
At 01 January 241,901-1,901
Charge for year78811799
On disposals(2,442)-(2,442)
At 31 December 2424711258
Net book value
At 31 December 24242339581
At 31 December 234,276-4,276
4.Investment property

£
Fair value at 01 January 24515,585
Disposals(128,735)
At 31 December 24386,850
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 2463,04963,049
Additions22,49422,494
At 31 December 2485,54385,543
Net book value
At 31 December 2485,54385,543
At 31 December 2363,04963,049

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income447486
Total447486
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2-
Taxation and social security11,4012,363
Other creditors46,603946
Accrued liabilities and deferred income1,1391,141
Total59,1454,450