REGISTERED NUMBER: 04749089 (England and Wales)

BLUTHNER PIANO CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTOR:

Dr C Bluthner Haessler

REGISTERED OFFICE:

6 Baker Street

Portman Square

London

W1U 3AA

REGISTERED NUMBER:

04749089 (England and Wales)

AUDITORS:

Berringers LLP

Chartered Accountants

and Statutory Auditors

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Intangible assets

4

7,228

10,855

Tangible assets

5

214,079

257,618

221,307

268,473

CURRENT ASSETS

Stocks

6

309,482

315,287

Debtors

7

99,543

296,791

Cash at bank

177,017

98,072

586,042

710,150

CREDITORS

Amounts falling due within one year

8

1,304,962

1,348,171

NET CURRENT LIABILITIES

(718,920

)

(638,021

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(497,613

)

(369,548

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(498,613

)

(370,548

)

SHAREHOLDERS' FUNDS

(497,613

)

(369,548

)

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Dr C Bluthner Haessler - Director

1.	STATUTORY INFORMATION

Bluthner Piano Centre 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.

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.

Going concern justification

The company has been supported in the current and previous years by its parent company Julius Blüthner Pianofortefabrik GmbH and shareholder Irmler Piano GmbH.

The director, who is also a director of the above companies, is not aware of any reason why this support would not continue for the foreseeable future. As a result the director has adopted the going concern basis of accounting.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and fixtures

-

25% Reducing balance

Office equipment

-

25% Reducing balance

Computer equipment

-

33.33% Reducing balance

Leasehold improvements

-

Over the period of the lease

Stocks

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

The company holds consignment stock supplied by its holding and associated companies. The stock remains the property of the supplier until the stock is sold and the consignment stock is therefore not included in the company's accounts.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Foreign currency transactions are translated at the rates ruling when they occurred. Foreign currency monetary assets and liabilities are translated at the rate ruling at the balance sheet date. Any differences are taken to the profit and loss account.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

18,131

AMORTISATION

At 1 January 2024

7,276

Charge for year

3,627

At 31 December 2024

10,903

NET BOOK VALUE

At 31 December 2024

7,228

At 31 December 2023

10,855

5.	TANGIBLE FIXED ASSETS

Furniture

Leasehold

and

Office

Computer

improvements

fixtures

equipment

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

612,024

25,574

33,122

13,046

683,766

Additions

-

-

556

237

793

At 31 December 2024

612,024

25,574

33,678

13,283

684,559

DEPRECIATION

At 1 January 2024

366,994

19,821

27,835

11,498

426,148

Charge for year

40,838

1,438

1,461

595

44,332

At 31 December 2024

407,832

21,259

29,296

12,093

470,480

NET BOOK VALUE

At 31 December 2024

204,192

4,315

4,382

1,190

214,079

At 31 December 2023

245,030

5,753

5,287

1,548

257,618

6.

STOCKS

2024

2023

£

£

Stocks

309,482

315,287

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

65,338

262,053

Other debtors

649

27

Prepayments

33,556

34,711

99,543

296,791

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

123,267

113,372

Trade creditors due to

parent company

930,915

556,832

Trade creditors due to

associated company

-

406,624

Social security and other taxes

26,785

15,999

NEST Pension

251

-

Other creditors

218,144

223,325

Accrued expenses

5,600

32,019

1,304,962

1,348,171

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

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)

for and on behalf of Berringers LLP

10.	RELATED PARTY DISCLOSURES

Julius Blüthner Pianofortefabrik GmbH

Parent company

During the year the company purchased goods totalling £165,836 (2023: £207,654) from Julius Blüthner

Pianofortefabrik GmbH in the normal course of business. Credit terms significantly more favourable than what would be available under normal market conditions were granted to the company. The amount owed to Julius Blüthner Pianofortefabrik GmbH at the end of the year was £930,915 (2023: £556,832).

Irmler Piano GmbH

Shareholder (up until August 2024)

During the period, the company purchased goods totalling £3,439 (2023: £13,971) from Irmler Piano GmbH in the normal course of business. The company was granted credit terms significantly more favourable than those available under normal market conditions.

In August 2024, Irmler Piano GmbH merged with Julius Blüthner Pianofortefabrik GmbH. At the time of the merger, the amount owed to Irmler Piano GmbH was £410,063 (2023: £406,624). As a result of the merger, the outstanding debt has been assumed by Julius Blüthner Pianofortefabrik GmbH.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Julius Blüthner Pianofortefabrik GmbH, the company's immediate and ultimate parent undertaking.

Julius Blüthner Pianofortefabrik GmbH is incorporated in Germany, a copy of the consolidated accounts of the group can be obtained from the parent's registered office at Dechwitzer Strasse 12, D-04463 Grosposna, bei Leipzig.