ACCOUNTS - Final Accounts

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.

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

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