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REGISTERED NUMBER: 14833009 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

All Things Butter Limited

All Things Butter Limited (Registered number: 14833009)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


All Things Butter Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: T E F Hopkinson
T M C Straker
V Blavatnik





REGISTERED OFFICE: 91 Golborne Road
LONDON
W10 5NL





REGISTERED NUMBER: 14833009 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

All Things Butter Limited (Registered number: 14833009)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,226 9,169

CURRENT ASSETS
Stocks 5 43,920 44,081
Debtors 6 360,583 208,344
Cash at bank 408,305 109,619
812,808 362,044
CREDITORS
Amounts falling due within one year 7 (222,622 ) (256,417 )
NET CURRENT ASSETS 590,186 105,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,412

114,796

CAPITAL AND RESERVES
Called up share capital 8 1,832 1,383
Share premium 2,736,836 537,291
Retained earnings (2,139,256 ) (423,878 )
SHAREHOLDERS' FUNDS 599,412 114,796

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 19 June 2025 and were signed on its behalf by:





T E F Hopkinson - Director


All Things Butter Limited (Registered number: 14833009)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

All Things Butter 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions that have been conducted under normal market conditions.

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

Turnover represents the amount derived from the provision of goods and services to customers after deduction of trade discounts and value added tax. Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.


All Things Butter Limited (Registered number: 14833009)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

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.

Share options
Employees of the company receive remuneration in the form of share-based payments from the company, whereby employees render services as consideration for equity instruments.

The cost of equity-settled transactions is determined by the fair value at the date the grant is made using the Binomial model.

That cost would be recognised as wages costs, together with a corresponding increase in equity, over the period in which the service and where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the company's best estimate of the number of equity settled instruments that will ultimately vest. The expense or credit in the statement of profit or loss for a period represents the movement in cumulative expense recognised as at the beginning and end of that period.

Service and non market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the company's best estimate of the number of equity instruments that will ultimately vest.

The cost is not considered material to the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 3 ) .

All Things Butter Limited (Registered number: 14833009)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 112 10,794 10,906
Additions - 4,648 4,648
At 31 March 2025 112 15,442 15,554
DEPRECIATION
At 1 April 2024 9 1,728 1,737
Charge for year 37 4,554 4,591
At 31 March 2025 46 6,282 6,328
NET BOOK VALUE
At 31 March 2025 66 9,160 9,226
At 31 March 2024 103 9,066 9,169

5. STOCKS
2025 2024
£    £   
Stocks 43,920 44,081

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 302,800 170,954
Other debtors 51,090 34,558
Directors' current accounts 35 25
Prepayments and accrued income 6,658 2,807
360,583 208,344

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 181,988 222,068
Taxation and social security 19,946 24,404
Other creditors - 7,793
Accruals and deferred income 20,688 2,152
222,622 256,417

All Things Butter Limited (Registered number: 14833009)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
13,145,583 Ordinary £0.0001 1,314 1,314
686,215 Deferred £0.0001 69 69
4,486,121 Series Seed £0.0001 449 -
1,832 1,383

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 2024
£    £   
T E F Hopkinson
Balance outstanding at start of year 25 -
Amounts advanced 59,999 34,277
Amounts repaid (59,989 ) (34,252 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35 25

All Things Butter Limited (Registered number: 14833009)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. SHARE OPTIONS

Share options were issued by the company to employees in the period. These options are only
exercisable on a sale of the business or any other transactions on changes in ownership. In addition, the employee must have remained in employment or been made redundant / retired 12 months prior to the transaction date. The options will expire on the 10th anniversary of the grant date. Share options are to be settled through equity. There is no cash-based alternative.

The charge is not considered material to the financial statements.

There were no cancellations or modifications to the awards in the period.

Movements in the period
The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options in the period:



2025 number 2025 WAEP
£   
Balance at 31 March 2024 1,021,270 0.26
Granted during the period 454,007 0.32
Forfeited during the period - -
Exercised during the period - -
Vested during the period 40,783 0.32
Outstanding at 31 March 2025 1,434,494 0.28
Exercisable at 31 March 2025 - -



2024 number 2024 WAEP
£   
Balance at 27 April 2023 -
Granted during the period 1,021,270 0.26
Forfeited during the period - -
Exercised during the period - -
Vested during the period - -
Outstanding at 31 March 2024 1,021,270 0.26
Exercisable at 31 March 2024 - -