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REGISTERED NUMBER: OC361063 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CAMBRIDGE PIANOFORTE LLP

CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMBRIDGE PIANOFORTE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: SM Howe
Mrs S J Howe
I R Kilpatrick





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: OC361063 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,454 8,055

CURRENT ASSETS
Stocks 106,277 97,523
Debtors 5 24,029 16,720
Cash at bank and in hand 54,579 79,399
184,885 193,642
CREDITORS
Amounts falling due within one year 6 58,344 50,503
NET CURRENT ASSETS 126,541 143,139
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

131,995

151,194

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

131,995

151,194

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 131,995 151,194

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063)

BALANCE SHEET - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 August 2025 and were signed by:





I R Kilpatrick - Designated member

CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Cambridge Pianoforte LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold Improvements - 25% on reducing balance
Pianos on Hire - 10% on cost
Motor vehicles - 25% on reducing balance
Office Equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Pianos on Motor Office
Improvements Hire vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 April 2024
and 31 March 2025 3,000 53,698 29,614 19,692 106,004
DEPRECIATION
At 1 April 2024 2,862 51,244 26,427 17,416 97,949
Charge for year 35 1,153 844 569 2,601
At 31 March 2025 2,897 52,397 27,271 17,985 100,550
NET BOOK VALUE
At 31 March 2025 103 1,301 2,343 1,707 5,454
At 31 March 2024 138 2,454 3,187 2,276 8,055

CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 17,667 14,069
Prepayments 6,362 2,651
24,029 16,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 36,851 17,338
Social security and other taxes 5,451 5,561
VAT 12,304 24,039
Accruals and deferred income 3,738 3,565
58,344 50,503

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 131,995 151,194

Falling due within one year 131,995 151,194

Loans and debts due to other members are ranked equally with other unsecured creditors of the partnership.