SHETLAND OFFSHORE WIND LIMITED

Company number

14306989

Status

Active

Incorporation

2022-08-19

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

35110

Hubs

UK Energy & Climate

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Deloitte (NI) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which assumes that the company has adequate financial resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. At 31 December 2024 the company had net Liabilities of £3,231 thousand (2023 - £1,264 thousand). The directors, having regard to the continued support of its shareholder, ESB, have a reasonable expectation that the company will have adequate financial resources to continue in operational existence for at least 12 months from the date of approval of these financial statements and consider that it is appropriate to adopt the going concern basis in preparing the financial statements.”

Significant events

• “In November 2023, Shetland Offshore Wind Limited renamed its 500MW floating project off the coast of Shetland 'Stoura Offshore Wind Farm', replacing the old name of Sealtainn.”
• “The conflicts in Ukraine and the Middle East have created significant uncertainty in global markets, in particular, increased volatility in energy and commodity markets, increases in price inflation and potential supply disruption which may have direct and indirect impacts on individuals and businesses. The directors will continue to monitor this evolving situation and consider any impacts on the Company. The directors do not believe that the crisis has a material impact on the Company.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers