FIFE CROPS LIMITED


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


Registered Address	The Farmhouse,Cashmill
	Auchtermuchty
	Cupar
	KY14 7EP


Registered Number	SC158672 (Scotland)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		403		581
Investments	5		119,403		85,543
Investment property	4		386,850		386,850
			506,656		472,974
Current assets
Debtors	6	904		447
Cash at bank and on hand		106,069		192,718
		106,973		193,165
Creditors amounts falling due within one year	7	(117,317)		(59,145)
Net current assets (liabilities)			(10,344)		134,020
Total assets less current liabilities			496,312		606,994
Provisions for liabilities			(77)		(116)
Net assets			496,235		606,878
Capital and reserves
Called up share capital			20,000		20,000
Other reserves			40,000		40,000
Profit and loss account			436,235		546,878
Shareholders' funds			496,235		606,878

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 June 2026, 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 2025

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.

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed that they will continue to support the company as required.

	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.

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 machinery	25	-
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.

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


		2025		2024
	Average number of employees during the year	5		5

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 25	489	350	839
At 31 December 25	489	350	839
Depreciation and impairment
At 01 January 25	247	11	258
Charge for year	60	118	178
At 31 December 25	307	129	436
Net book value
At 31 December 25	182	221	403
At 31 December 24	242	339	581

4.	Investment property


		£
	Fair value at 01 January 25	386,850
	At 31 December 25	386,850

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 January 25	85,543	85,543
Additions	33,860	33,860
At 31 December 25	119,403	119,403
Net book value
At 31 December 25	119,403	119,403
At 31 December 24	85,543	85,543

	Notes
	¹Other investments other than loans

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	904	447
Total	904	447

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	19	2
Taxation and social security	2,482	11,401
Other creditors	113,568	46,603
Accrued liabilities and deferred income	1,248	1,139
Total	117,317	59,145