Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 4 2025-01-01 false Production of electricity 4 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC423885 2025-01-01 2025-12-31 SC423885 2024-04-06 2024-12-31 SC423885 2025-12-31 SC423885 2024-12-31 SC423885 c:CompanySecretary1 2025-01-01 2025-12-31 SC423885 c:Director1 2025-01-01 2025-12-31 SC423885 c:Director2 2025-01-01 2025-12-31 SC423885 c:Director3 2025-01-01 2025-12-31 SC423885 c:Director4 2025-01-01 2025-12-31 SC423885 c:RegisteredOffice 2025-01-01 2025-12-31 SC423885 d:Buildings 2025-01-01 2025-12-31 SC423885 d:Buildings 2025-12-31 SC423885 d:Buildings 2024-12-31 SC423885 d:CurrentFinancialInstruments 2025-12-31 SC423885 d:CurrentFinancialInstruments 2024-12-31 SC423885 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 SC423885 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC423885 d:ShareCapital 2025-12-31 SC423885 d:ShareCapital 2024-12-31 SC423885 d:RetainedEarningsAccumulatedLosses 2025-12-31 SC423885 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC423885 c:OrdinaryShareClass1 2025-01-01 2025-12-31 SC423885 c:OrdinaryShareClass1 2025-12-31 SC423885 c:OrdinaryShareClass1 2024-12-31 SC423885 c:FRS102 2025-01-01 2025-12-31 SC423885 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC423885 c:FullAccounts 2025-01-01 2025-12-31 SC423885 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC423885 6 2025-01-01 2025-12-31 SC423885 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC423885 SHETLAND ENERGY LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
SHETLAND ENERGY LIMITED COMPANY INFORMATION
Directors | G B Anderson
| A M Anderson
| B G Anderson
| N A Anderson
Company secretary | A M Anderson
Registered number | SC423885
Registered office | Westby
| 64 West High Street
| Forfar
| Angus
| DD8 1BJ
Accountants | EQ Accountants Limited
| Chartered Accountants
| 14 City Quay
| Dundee
| DD1 3JA
SHETLAND ENERGY LIMITED REGISTERED NUMBER: SC423885 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets |  |  | 102,285 |  | -
Investments | 5 |  | 10,000 |  | 10,000
|  |  | 112,285 |  | 10,000
Current assets |  |  |  |  |
Cash at bank and in hand |  | 26,015 |  | 28,416 |
|  | 26,015 |  | 28,416 |
Creditors: amounts falling due within one year | 6 | (103,005) |  | (720) |
Net current (liabilities)/assets |  |  | (76,990) |  | 27,696
Total assets less current liabilities |  |  | 35,295 |  | 37,696
Net assets |  |  | 35,295 |  | 37,696
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 200 |  | 200
Profit and loss account |  |  | 35,095 |  | 37,496
|  |  | 35,295 |  | 37,696
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2026.
G B Anderson
Director
The notes on pages 2 to 4 form part of these financial statements. Page 1
SHETLAND ENERGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Shetland Energy Limited is a private company, limited by shares, incorporated in Scotland with registration number SC423885 . The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ. The principle place of activity is Seafield House, Lerwick, Shetland, ZE1 0RN. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Land and buildings | - | Nil
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.3 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
Page 2
SHETLAND ENERGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Land and buildings
|  | £
| Cost or valuation |
| Additions | 102,285
| At 31 December 2025 | 102,285
| Net book value |
| At 31 December 2025 | 102,285
| At 31 December 2024 | -
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 January 2025 | 10,000
| At 31 December 2025 | 10,000
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 102,285 | -
| Accruals and deferred income | 720 | 720
|  | 103,005 | 720
Page 3
SHETLAND ENERGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 200 (2024 - 200) Ordinary shares of £1.00 each | 200 | 200
Page 4