Registration number: SC466426

BML Property Shetland Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	3

BML Property Shetland Ltd

Company Information

Director

Mr B A H Laurenson

Company secretary

Mrs M H Laurenson

Registered office

St Clair Cottage Houl Road Scalloway Shetland ZE1 0XA

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
BML Property Shetland Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BML Property Shetland Ltd for the year ended 31 December 2024 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians, we are subject to its ethical and other professional requirements which are detailed at http://www.aat.org.uk/about-aat/professional-standards.

This report is made solely to the Board of Directors of BML Property Shetland Ltd, as a body, in accordance with the terms of our engagement letter dated 1 April 2017. Our work has been undertaken solely to prepare for your approval the accounts of BML Property Shetland Ltd and state those matters that we have agreed to state to the Board of Directors of BML Property Shetland Ltd, as a body, in this report in accordance with the requirements of the Association of Accounting Technicians. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BML Property Shetland Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BML Property Shetland Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BML Property Shetland Ltd. You consider that BML Property Shetland Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BML Property Shetland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BML Accounts Limited
2-4 Alexandra Building
Esplanade
Lerwick
Shetland
ZE1 0LL

30 September 2025

BML Property Shetland Ltd

(Registration number: SC466426)
Balance Sheet as at 31 December 2024

	2024 £	2023 £
Fixed assets	161,056	165,913
Current assets	7,748	12,037
Prepayments and accrued income	-	760
Creditors: Amounts falling due within one year	(96,001)	(98,489)
Net current liabilities	(88,253)	(85,692)
Total assets less current liabilities	72,803	80,221
Creditors: Amounts falling due after more than one year	(63,167)	(73,510)
	9,636	6,711
Capital and reserves	9,636	6,711

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
St Clair Cottage
Houl Road
Scalloway
Shetland
ZE1 0XA
United Kingdom

These financial statements were authorised for issue by the director on 30 September 2025.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 provisions applicable to companies subject to the micro entities regime and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

BML Property Shetland Ltd

(Registration number: SC466426)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 30 September 2025
 

......................................... Mr B A H Laurenson Director