REGISTERED NUMBER: 01817053 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

REID SOHN PIANOS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Gregory

J P Gregory

SECRETARY:

Ms D M Gregory

REGISTERED OFFICE:

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

REGISTERED NUMBER:

01817053 (England and Wales)

ACCOUNTANTS:

Edwards Chartered Accountants

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Tangible assets

4

21,268

22,551

Investments

5

75,580

75,580

96,848

98,131

CURRENT ASSETS

Stocks

42,571

60,418

Debtors

6

370,471

437,347

Cash at bank

49,550

29,146

462,592

526,911

CREDITORS

Amounts falling due within one year

7

40,693

44,178

NET CURRENT ASSETS

421,899

482,733

TOTAL ASSETS LESS CURRENT LIABILITIES

518,747

580,864

PROVISIONS FOR LIABILITIES

-

1

NET ASSETS

518,747

580,863

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

518,647

580,763

518,747

580,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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 by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

J P Gregory - Director

1.	STATUTORY INFORMATION

Reid Sohn Pianos 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.

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

-

not provided

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

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

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

16,200

1,635

6,750

24,585

Additions

-

405

-

405

At 31 March 2025

16,200

2,040

6,750

24,990

DEPRECIATION

At 1 April 2024

-

1,471

563

2,034

Charge for year

-

141

1,547

1,688

At 31 March 2025

-

1,612

2,110

3,722

NET BOOK VALUE

At 31 March 2025

16,200

428

4,640

21,268

At 31 March 2024

16,200

164

6,187

22,551

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

75,580

NET BOOK VALUE

At 31 March 2025

75,580

At 31 March 2024

75,580

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

24,294

31,176

Other debtors

346,177

406,171

370,471

437,347

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

35,126

36,081

Taxation and social security

-

1,128

Other creditors

5,567

6,969

40,693

44,178

8.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

R J Gregory

Balance outstanding at start of year

174,892

195,407

Amounts repaid

(42,227

)

(20,515

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

132,665

174,892

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .

The directors are members of an independent partnership trading under the name of J.Reid Pianos. During the year the company bought and sold goods from J.Reid Pianos. The sales and purchases were made on a normal trading basis.

During the year the company also bought and sold goods from J.Reid Piano Hire Limited, a company in which the directors are materially interested as shareholders. The sales and purchases were made on a normal trading basis.

One of the properties from where the company trades rent free is owned by Pomerance (Furs) Limited which is a dormant company 60% owned by the directors of Reid Sohn Pianos Limited and 40% by Reid Sohn Pianos Limited.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J P Gregory.