REGISTERED NUMBER: SC213643 (Scotland)

Harvester Homes (Fife) Limited

Unaudited Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A M Neilson

REGISTERED OFFICE:

3 Mountfrost Place

Markinch

Glenrothes

Fife

KY7 6JH

REGISTERED NUMBER:

SC213643 (Scotland)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

14,013

19,025

CURRENT ASSETS

Inventories

1,013,754

1,013,754

Debtors

5

1,467

2,303

Cash at bank

15,029

37,699

1,030,250

1,053,756

CREDITORS

Amounts falling due within one year

6

452,451

547,806

NET CURRENT ASSETS

577,799

505,950

TOTAL ASSETS LESS CURRENT LIABILITIES

591,812

524,975

CREDITORS

Amounts falling due after more than one year

7

126,867

140,574

NET ASSETS

464,945

384,401

CAPITAL AND RESERVES

Called up share capital

1,400

1,400

Retained earnings

463,545

383,001

SHAREHOLDERS' FUNDS

464,945

384,401

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 director acknowledges his 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 director and authorised for issue on 20 August 2026 and were signed by:

A M Neilson - Director

1.	STATUTORY INFORMATION

Harvester Homes (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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income recognition

Turnover represents the amounts receivable from the sale of properties and building works done during the year . The properties are treated as sold when contracts are exchanged and the building work is physically complete.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Inventories

Inventories are stated at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads, not including any general administrative overheads, that have been incurred in bringing the inventories to their present location and condition.

Net realisable value represents the estimated net selling price less estimated total costs of completion of the finished goods.

Land held for development is recorded at the lower of direct cost and net realisable value. Direct cost comprises the cost of land, raw materials, development costs and interest but excludes indirect overheads.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

Rents receivable

Rents receivable represent the amounts receivable from the short term letting out of part of the land held for development.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

74,926

Disposals

(27,587

)

At 31 December 2025

47,339

DEPRECIATION

At 1 January 2025

55,901

Charge for year

4,787

Eliminated on disposal

(27,362

)

At 31 December 2025

33,326

NET BOOK VALUE

At 31 December 2025

14,013

At 31 December 2024

19,025

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

214

2,010

Other debtors

1,253

293

1,467

2,303

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,720

12,720

Trade creditors

4,834

19,101

Taxation and social security

13,075

6,827

Other creditors

421,822

509,158

452,451

547,806

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

126,867

140,574

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank more than 5 years

64,707

78,414

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

139,587

153,294

The bank loans are secured by means of fixed and floating charges on the property of the company.