REGISTERED NUMBER: 04749089 (England and Wales)

BLUTHNER PIANO CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

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

3rd Floor, Imperial House

21 - 25 North Street

Bromley

Kent

BR1 1SD

FIXED ASSETS

Intangible assets

4

3,602

7,228

Tangible assets

5

170,670

214,079

174,272

221,307

CURRENT ASSETS

Stocks

6

298,002

309,482

Debtors

7

57,771

99,543

Cash at bank

55,923

177,017

411,696

586,042

CREDITORS

Amounts falling due within one year

8

1,119,960

1,304,962

NET CURRENT LIABILITIES

(708,264

)

(718,920

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(533,992

)

(497,613

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(534,992

)

(498,613

)

SHAREHOLDERS' FUNDS

(533,992

)

(497,613

)

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 16 September 2026 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.

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 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

18,131

AMORTISATION

At 1 January 2025

10,903

Charge for year

3,626

At 31 December 2025

14,529

NET BOOK VALUE

At 31 December 2025

3,602

At 31 December 2024

7,228

5.	TANGIBLE FIXED ASSETS

Furniture

Leasehold

and

Office

Computer

improvements

fixtures

equipment

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

612,024

25,574

33,678

13,283

684,559

DEPRECIATION

At 1 January 2025

407,832

21,259

29,296

12,093

470,480

Charge for year

40,838

1,079

1,095

397

43,409

At 31 December 2025

448,670

22,338

30,391

12,490

513,889

NET BOOK VALUE

At 31 December 2025

163,354

3,236

3,287

793

170,670

At 31 December 2024

204,192

4,315

4,382

1,190

214,079

6.

STOCKS

2025

2024

£

£

Stocks

298,002

309,482

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

29,267

65,338

Other debtors

805

649

Prepayments

27,699

33,556

57,771

99,543

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,079

123,267

Trade creditors due to

parent company

840,789

930,915

Social security and other taxes

12,108

26,785

NEST Pension

-

251

Other creditors

253,384

218,144

Accrued expenses

600

5,600

1,119,960

1,304,962

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 £142,311 (2024: £165,836) 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 £840,789 (2024: £930,915).

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.