REGISTERED NUMBER: 01395057 (England and Wales)

BLUCHER UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

H S Ladefoged

A L M Bertelsen

REGISTERED OFFICE:

York House

Station Road

Tadcaster

North Yorkshire

LS24 9JF

REGISTERED NUMBER:

01395057 (England and Wales)

SENIOR STATUTORY AUDITOR:

Rachel Rudkin FCCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

13,093

225,205

Investments

5

1

1

13,094

225,206

CURRENT ASSETS

Stocks

232,174

320,325

Debtors

6

1,672,009

1,273,491

Cash at bank and in hand

572,283

243,039

2,476,466

1,836,855

CREDITORS

Amounts falling due within one year

7

844,857

623,875

NET CURRENT ASSETS

1,631,609

1,212,980

TOTAL ASSETS LESS CURRENT LIABILITIES

1,644,703

1,438,186

PROVISIONS FOR LIABILITIES

2,483

3,861

NET ASSETS

1,642,220

1,434,325

CAPITAL AND RESERVES

Called up share capital

9

250,000

250,000

Retained earnings

1,392,220

1,184,325

SHAREHOLDERS' FUNDS

1,642,220

1,434,325

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

H S Ladefoged - Director

1.	STATUTORY INFORMATION

Blucher UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 property

-

20% on cost, 4% on cost and 2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Tangible fixed assets are held at cost less depreciation.

Investments in subsidiaries

Investments in subsidiary undertakings are carried at cost less impairment.

Stocks

Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items. Cost is based on the first-in first-out principle and includes expenditure incurred in acquiring the stocks, production or conversion costs and other costs in bring them to their existing location and condition.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the year end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Interest receivable and interest payable

Other interest receivable and similar income include interest receivable on funds invested and net foreign exchange gains. Interest income and interest payable are recognised in profit or loss as they accrue, using the effective interest method.

Critical accounting judgements and estimation uncertainty

Due to the relatively straightforward nature of the Company and its operations, there are not believed to be any significant estimates or accounting judgements applied in the preparation of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

642,119

85,219

727,338

Disposals

(642,119

)

-

(642,119

)

At 31 December 2024

-

85,219

85,219

DEPRECIATION

At 1 January 2024

440,160

61,973

502,133

Charge for year

4,425

10,153

14,578

Eliminated on disposal

(444,585

)

-

(444,585

)

At 31 December 2024

-

72,126

72,126

NET BOOK VALUE

At 31 December 2024

-

13,093

13,093

At 31 December 2023

201,959

23,246

225,205

In March 2024, the company sold the building it owns to a third party for £845,000 under a sale and leaseback agreement, resulting in a profit on disposal of £608,000.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

The company's investment is a 100% interest in BM Stainless Steel Drains Limited which has not traded since inception. The registered address of the Company is Unit 4, Station Road Industrial Estate, Tadcaster, North Yorkshire, LS24 9SG.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

861,552

928,852

Amounts owed from group

undertakings

739,604

288,263

Prepayments and accrued income

70,853

56,376

1,672,009

1,273,491

Included in amounts owed from group undertakings are recharges of £12,800 (2023: £26,031). In addition an intercompany loan of £700,000 (2023: £250,000), these are payable on demand and interest is accrued at the Danish national bank rate plus 0.5% (2022: 0.5%).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

84,823

156,189

Amounts owed to group undertakings

344,777

169,140

Taxation

55,516

(17,161

)

Other taxes and social security

6,650

13,513

VAT

215,891

179,532

Accrued expenses

137,200

122,662

844,857

623,875

Included in amounts owed to group undertakings are values for intercompany purchases. These are payable on demand and do not accrue interest.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

12,896

33,797

Between one and five years

14,466

21,929

27,362

55,726

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

250,000

Ordinary

1

250,000

250,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rachel Rudkin FCCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

11.	ULTIMATE PARENT COMPANY

The company's immediate parent undertaking is Blucher Metal A/S, a company incorporated in Denmark.

The ultimate parent undertaking is Watts Water Technologies Inc., a company incorporated in the United States of America.

The consolidated financial statements for the ultimate parent company are available from:

Watts Water Technologies Inc.

Corporate Headquarters

815 Chestnut Street

North Andover

Massachusetts

USA