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Company No: 13684445 (England and Wales)

# ALTCHEESE LTD

### Unaudited Financial Statements
For the financial year ended 31 October 2025
Pages for filing with the registrar

ALTCHEESE LTD

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

ALTCHEESE LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 October 2025
ALTCHEESE LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 0 |  | 288
|  | 0 |  | 288
Current assets |  |  |  |
Debtors | 4 | 1,251 |  | 1,048
Cash at bank and in hand |  | 0 |  | 193
|  | 1,251 |  | 1,241
Creditors: amounts falling due within one year | 5 | ( 76,550) |  | ( 75,292)
Net current liabilities |  | (75,299) |  | (74,051)
Total assets less current liabilities |  | (75,299) |  | (73,763)
Net liabilities |  | ( 75,299) |  | ( 73,763)
Capital and reserves |  |  |  |
Called-up share capital | 6 | 400 |  | 400
Profit and loss account |  | ( 75,699 ) |  | ( 74,163 )
Total shareholders' deficit |  | ( 75,299) |  | ( 73,763)

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Altcheese Ltd (registered number: 13684445) were approved and authorised for issue by the Board of Directors on 16 March 2026. They were signed on its behalf by:

Anthony John Barber Director |

ALTCHEESE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
ALTCHEESE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Altcheese Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wards Farm Smiths Lane, Ditcheat, Shepton Mallet, BA4 6PR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £75,299. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery | 4 years straight line
Office equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 November 2024 | 996 |  | 129 |  | 1,125
At 31 October 2025 | 996 |  | 129 |  | 1,125
Accumulated depreciation |  |  |  |  |
At 01 November 2024 | 747 |  | 90 |  | 837
Charge for the financial year | 249 |  | 39 |  | 288
At 31 October 2025 | 996 |  | 129 |  | 1,125
Net book value |  |  |  |  |
At 31 October 2025 | 0 |  | 0 |  | 0
At 31 October 2024 | 249 |  | 39 |  | 288

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
VAT recoverable | 1,001 |  | 798
Other debtors | 250 |  | 250
| 1,251 |  | 1,048

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 2,517 |  | 3,713
Amounts owed to directors | 68,873 |  | 68,419
Accruals | 4,100 |  | 2,100
Other creditors | 1,060 |  | 1,060
| 76,550 |  | 75,292

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
360,000 Ordinary shares of £ 0.001 each | 360 |  | 360
40,000 Ordinary B shares of £ 0.001 each | 40 |  | 40
| 400 |  | 400

#### 7. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amount owed to directors | 68,873 |  | 68,419
Amount owed to shareholders | 810 |  | 810

The loans are interest-free and have no fixed date for repayment.