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
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
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
Siam Assetco Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
10,586
10,586
Tangible assets
15,900
15,900
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)
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
Siam Assetco Ltd
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Siam Assetco Ltd
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
4
Intangible fixed assets
Other
At 1 September 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
At 1 September 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
Loans from directors
11,756
14,756
In the prior period, the Director/shareholder subscribed for 5,000 ordinary shares at £1 per share.
Siam Assetco Ltd
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
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).