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Registration number: 10469634

Fife Family Ventures Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Fife Family Ventures Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Fife Family Ventures Limited

Company Information

Directors | J G Fife C M Fife

Registered office | 4 North Leigh Business Park North Leigh Witney OX29 6SW

Accountants | ENF Solutions Limited Chartered Certified Accountant 181A Middlewood Road Sheffield S6 4HD

Fife Family Ventures Limited

(Registration number: 10469634)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 912 | -
Investment property | 5 | 325,000 | 347,144
Investments | 6 | 145 | 145
Other financial assets | 7 | 304,114 | 506,707
|  | 630,171 | 853,996
Current assets |  |  |
Debtors | 8 | 416 | 22,956
Cash at bank and in hand |  | 44,991 | 8,763
|  | 45,407 | 31,719
Creditors: Amounts falling due within one year | 9 | (418,249) | (730,707)
Net current liabilities |  | (372,842) | (698,988)
Net assets |  | 257,329 | 155,008
Capital and reserves |  |  |
Called up share capital | 10 | 100 | 100
Other reserves |  | 72,856 | 95,000
Retained earnings |  | 184,373 | 59,908
Shareholders' funds |  | 257,329 | 155,008

Fife Family Ventures Limited

(Registration number: 10469634)
Balance Sheet as at 31 December 2025 (continued)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 March 2026 and signed on its behalf by:

......................................... J G Fife Director

Fife Family Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 North Leigh Business Park
North Leigh
Witney
OX29 6SW

These financial statements were authorised for issue by the Board on 31 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Fife Family Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment | 33% straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Fife Family Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fife Family Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 January 2025 | 9,877 | 9,877
Additions | 1,361 | 1,361
At 31 December 2025 | 11,238 | 11,238
Depreciation
At 1 January 2025 | 9,877 | 9,877
Charge for the year | 449 | 449
At 31 December 2025 | 10,326 | 10,326
Carrying amount
At 31 December 2025 | 912 | 912

5 | Investment properties

| 2025 £
At 1 January | 347,144
Fair value adjustments | (22,144)
At 31 December | 325,000

The investment property is valued in the accounts at fair value.

The property is currently on the market, the fair value of the property held in the accounts has been adjusted to reflect the expected sale proceeds of the property.

Fife Family Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 145 | 145

Subsidiaries | £
Cost or valuation
At 1 January 2025 | 145
Provision
Carrying amount
At 31 December 2025 | 145
At 31 December 2024 | 145

Fife Family Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Tullamed Technologies Ltd | 4 North Leigh Business Park North Leigh Witney OX29 6SW England and Wales | Ordinary shares | 90% | 90%
Tullamed Limited | Cappateemore West, Meelick, Clare, V94 Twh7, Ireland Ireland | Ordinary shares | 50% | 50%

Subsidiary undertakings
Tullamed Technologies Ltd The principal activity of Tullamed Technologies Ltd is manufacturing of medical, dental and other instruments and supplies.
Tullamed Limited The principal activity of Tullamed Limited is manufacturing of medical, dental and other instruments and supplies.

Fife Family Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

7 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 January 2025 | 506,707 | 506,707
Fair value adjustments | 25,201 | 25,201
Additions | 14,682 | 14,682
Disposals | (242,476) | (242,476)
At 31 December 2025 | 304,114 | 304,114
Impairment
Carrying amount
At 31 December 2025 | 304,114 | 304,114

8 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 11 | - | 22,279
Prepayments |  | 416 | 586
Other debtors |  | - | 91
|  | 416 | 22,956

Fife Family Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

9 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 5,980 | 4,560
Accruals and deferred income | 720 | 720
Other creditors | 411,549 | 725,427
| 418,249 | 730,707

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

11 | Related party transactions

Summary of transactions with all subsidiaries

During the previous year the company made loans to its subsidiary Tullamed Technologies Ltd, at the year end £nil (2024 £22,280) was due to the company. Interest was charged on this loan at Bank of England rate plus 3%.