Abbreviated Company Accounts - SIAM RAILWAY SERVICES CO. LTD

SIAM RAILWAY SERVICES CO. LTD - Company Information

05675164 SIAM RAILWAY SERVICES CO. LTD 2016-06-30 false 2015-07-01 2016-06-30 true 05675164 2015-07-01 2016-06-30 05675164 2016-06-30 05675164 2015-06-30 05675164 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 05675164 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:Director3 2015-07-01 2016-06-30 uk-gaap-cd-bus:Director3 2016-06-30 uk-gaap-cd-bus:Director3 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 05675164

SIAM RAILWAY SERVICES CO. LTD

Abbreviated Accounts

30 June 2016

SIAM RAILWAY SERVICES CO. LTD Registered Number 05675164

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	230,528	230,528
Investments	3	506,997	472,516
		737,525	703,044
Current assets
Debtors		512,705	1,050,061
Cash at bank and in hand		292,068	6,687
		804,773	1,056,748
Creditors: amounts falling due within one year		(1,225,890)	(1,519,425)
Net current assets (liabilities)		(421,117)	(462,677)
Total assets less current liabilities		316,408	240,367
Total net assets (liabilities)		316,408	240,367
Capital and reserves
Called up share capital	4	1	1
Revaluation reserve		85,655	51,174
Profit and loss account		230,752	189,192
Shareholders' funds		316,408	240,367

For the year ending 30 June 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 September 2016

And signed on their behalf by:
A J SPERRIN, Director

SIAM RAILWAY SERVICES CO. LTD Registered Number 05675164

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) (FRSSE)

Turnover policy
Gross rental income represents amounts invoiced to third parties in relation to the leasing of the company's investment property.

Tangible assets depreciation policy
(i) No depreciation is provided in respect of investment properties and they are revalued annually, and

(ii) No depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act 2006 concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Other accounting policies
Fixed asset investments
Fixed asset investments comprise listed securities and are initially stated at cost and subsequently included in the balance sheet at market value. Gains and losses arising from changing market values are recognised in the statement of total recognised gains and losses.

2Tangible fixed assets

	£
Cost
At 1 July 2015	230,528
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	230,528
Depreciation
At 1 July 2015	-
Charge for the year	-
On disposals	-
At 30 June 2016	-
Net book values
At 30 June 2016	230,528
At 30 June 2015	230,528

The investment property was revalued on 30 June 2016 by the directors on the basis of market value. Market value represents the figure that would appear in a hypothetical contract of sale between a willing buyer and a willing seller.Market value is estimated without regards to costs of sale.

3Fixed assets Investments
The aggregate historical cost (reflecting any writedowns to recoverable amount) that would have been included had the listed investment not been revalued at 30 June 2016 was £421,342 (2015: £421,342)

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1

5Transactions with directors

Name of director receiving advance or credit:	V Leelamanit
Description of the transaction:	Loan
Balance at 1 July 2015:	£ 1,146,007
Advances or credits made:	£ 0
Advances or credits repaid:	£ 294,096
Balance at 30 June 2016:	£ 851,911

The loan is interest free, unsecured and has no formal repayment schedule.