SHETLAND LAND LEASE LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On this basis, the Directors are satisfied the Company will continue until at least 30 September 2026 and thus, they continue to adopt the going concern basis of accounting in preparing these annual financial statements.”

Significant events

• “On 27th June 2024, Total Energies signed an agreement with the Prax group to sell its entire shareholding in the Company subject to the approval from the relevant authorities. Following the announcements at the end of June 2025 indicating that certain companies within the Prax Group have been placed into Administration (State Oil Limited) or Liquidation (Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, and Prax Terminals Killingholme Limited), we are evaluating the situation and its impact on the transaction with Prax for the sale of our entire shareholding in the Company. The completion, or otherwise, of the transaction is not expected to have any impact on the activities of the Company.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -10.2%

  £1,883,000 → £1,690,000

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  +3.2%

  £31,000 → £32,000

• Profit before tax

  +32.1%

  £28,000 → £37,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers