REGISTERED NUMBER: SC333848 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Clear-View Fife Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Buchan

A W F Buchan

A Buchan

SECRETARY:

Mrs J Buchan

REGISTERED OFFICE:

75 Whitecraigs Road Whitehill Industrial

Glenrothes

United Kingdom

Fife

KY6 2RX

REGISTERED NUMBER:

SC333848 (Scotland)

ACCOUNTANTS:

Bell Barr & Company

Chartered Accountants

2 Stewart Street

Milngavie

Glasgow

G62 6BW

FIXED ASSETS

Tangible assets

4

-

18,480

Investment property

5

351,176

350,000

351,176

368,480

CURRENT ASSETS

Debtors

6

-

15,000

Cash at bank

12,956

152,931

12,956

167,931

CREDITORS

Amounts falling due within one year

7

44,382

115,469

NET CURRENT (LIABILITIES)/ASSETS

(31,426

)

52,462

TOTAL ASSETS LESS CURRENT LIABILITIES

319,750

420,942

CREDITORS

Amounts falling due after more than one year

8

(110,542

)

(142,779

)

PROVISIONS FOR LIABILITIES

-

(3,716

)

NET ASSETS

209,208

274,447

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

209,205

274,444

209,208

274,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2026 and were signed on its behalf by:

A Buchan - Director

A W F Buchan - Director

1.	STATUTORY INFORMATION

Clear-View Fife Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have reviewed the company's operating costs for the next twelve months and the sources of funds available and are satisfied that the company has adequate resources to continue for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements..

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 may require the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates or judgements used in the preparation of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability on the balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 54 ).

4.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

property

vehicles

Totals

£

£

£

COST

At 1 January 2025

49,670

32,853

82,523

Disposals

-

(32,853

)

(32,853

)

At 31 December 2025

49,670

-

49,670

DEPRECIATION

At 1 January 2025

49,670

14,373

64,043

Eliminated on disposal

-

(14,373

)

(14,373

)

At 31 December 2025

49,670

-

49,670

NET BOOK VALUE

At 31 December 2025

-

-

-

At 31 December 2024

-

18,480

18,480

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

32,853

Disposals

(32,853

)

At 31 December 2025

-

DEPRECIATION

At 1 January 2025

14,373

Eliminated on disposal

(14,373

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

18,480

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

350,000

Additions

1,176

At 31 December 2025

351,176

NET BOOK VALUE

At 31 December 2025

351,176

At 31 December 2024

350,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

-

15,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

21,994

26,052

Hire purchase contracts

-

6,729

Trade creditors

2,162

-

Taxation and social security

9,226

82,687

Other creditors

11,000

1

44,382

115,469

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

110,542

133,247

Hire purchase contracts

-

9,532

110,542

142,779

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

51,951

67,510