1 September 2023 false Taxfiler 2024.1 12832814business:PrivateLimitedCompanyLtd2023-09-012024-03-31 128328142023-08-31 128328142023-09-012024-03-31 12832814business:AuditExemptWithAccountantsReport2023-09-012024-03-31 12832814business:FilletedAccounts2023-09-012024-03-31 128328142024-03-31 12832814business:Director12023-09-012024-03-31 12832814business:CompanySecretary12023-09-012024-03-31 12832814business:RegisteredOffice2023-09-012024-03-31 128328142023-08-31 12832814core:AfterOneYear2024-03-31 12832814core:AfterOneYear2023-08-31 12832814core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 12832814core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12832814core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 12832814core:RevaluationReservecore:PreviouslyStatedAmount2023-08-31 12832814core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 12832814core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12832814core:PreviouslyStatedAmount2024-03-31 12832814core:PreviouslyStatedAmount2023-08-31 12832814business:SmallEntities2023-09-012024-03-31 12832814countries:EnglandWales2023-09-012024-03-31 12832814core:MotorVehicles2023-09-012024-03-31 12832814core:IntangibleAssetsOtherThanGoodwill2023-08-31 12832814core:IntangibleAssetsOtherThanGoodwill2024-03-31 12832814core:MotorVehicles2023-08-31 12832814core:MotorVehicles2024-03-31 12832814core:AfterOneYear2023-09-012024-03-31 12832814business:OrdinaryShareClass12023-09-012024-03-31 12832814business:OrdinaryShareClass12023-04-012023-08-31 128328142023-04-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12832814 (England and Wales)
Siam Assetco Ltd Unaudited accounts for the period from 1 September 2023 to 31 March 2024
Siam Assetco Ltd Unaudited accounts Contents
Page
- 2 -
Siam Assetco Ltd Company Information for the period from 1 September 2023 to 31 March 2024
Director
Christopher Neil Evans
Secretary
Victoria Gardner
Company Number
12832814 (England and Wales)
Registered Office
2d Fulwood Park Liverpool L17 5AG
Accountants
VC Finance Ltd Stone House Fulwood Park Liverpool L17 5AG
- 3 -
Siam Assetco Ltd Accountants' report
Accountants' report to the director of Siam Assetco Ltd on the preparation of the unaudited statutory accounts for the period from 1 September 2023 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Siam Assetco Ltd for the period from 1 September 2023 to 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Siam Assetco Ltd, as a body, in accordance with the terms of our engagement letter dated 5 February 2021. Our work has been undertaken solely to prepare for your approval the accounts of Siam Assetco Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Siam Assetco Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Siam Assetco 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 Siam Assetco Ltd. You consider that Siam Assetco Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Siam Assetco 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.
VC Finance Ltd Stone House Fulwood Park Liverpool L17 5AG 13 April 2024
- 4 -
Siam Assetco Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,586 
10,586 
Tangible assets
15,900 
15,900 
26,486 
26,486 
Current assets
Cash at bank and in hand
10,690 
120 
Net current assets
10,690 
120 
Total assets less current liabilities
37,176 
26,606 
Creditors: amounts falling due after more than one year
(19,756)
(14,756)
Net assets
17,420 
11,850 
Capital and reserves
Called up share capital
15,000 
10,000 
Revaluation reserve
1,850 
1,850 
Profit and loss account
570 
- 
Shareholders' funds
17,420 
11,850 
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 April 2024 and were signed on its behalf by
Christopher Neil Evans Director Company Registration No. 12832814
- 5 -
Siam Assetco Ltd Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
1
Statutory information
Siam Assetco Ltd is a private company, limited by shares, registered in England and Wales, registration number 12832814. The registered office is 2d Fulwood Park, Liverpool, L17 5AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investments
Investments in assets are shown at fair value, any difference is recorded through the revaluation reserve. The market for private registration plates and classic cars is forever changing, the Directors evaluate their appropriate book value by reference to similar transactions in the 3 month period leading to the balance sheet date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% straight line (unless its an appriciating investment)
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 6 -
Siam Assetco Ltd Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
10,586 
At 31 March 2024
10,586 
Amortisation
At 1 September 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
10,586 
At 31 August 2023
10,586 
Intangible fixed assets comprise of a portfolio of private registration plates held on retention. As these are held for investment and in normal circumstances appriciate in value, no depriciation is provided and instead their valuation is dealt with through the revaluation reserve as set out in Note 3.
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2023
15,900 
At 31 March 2024
15,900 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
15,900 
At 31 August 2023
15,900 
No revaluation has taken place in the current year (2022: £nil).
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
8,000 
- 
Loans from directors
11,756 
14,756 
19,756 
14,756 
In the prior period, the Director/shareholder subscribed for 5,000 ordinary shares at £1 per share.
- 7 -
Siam Assetco Ltd Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
15,000 Ordinary shares of £1 each
15,000 
10,000 
Shares issued during the period:
5,000 Ordinary shares of £1 each
5,000 
8
Average number of employees
During the period the average number of employees was 1 (2023: 1).
- 8 -