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Registration number: 15080488

Ticklemore Cheese Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

Ticklemore Cheese Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Ticklemore Cheese Ltd

Company Information

Directors | Mr Ben Harris Mrs Laura Harris

Registered office | 28 Hartland Tor Close Brixham Devon TQ5 0RE

Accountants | Neil Wilson Accountancy Limited Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Ticklemore Cheese Ltd

(Registration number: 15080488)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 2,080 | 2,340
Tangible assets | 5 | 169,553 | 152,398
|  | 171,633 | 154,738
Current assets |  |  |
Stocks | 6 | 118,390 | 119,553
Debtors | 7 | 50,774 | 62,282
Cash at bank and in hand |  | 75,252 | 69,672
|  | 244,416 | 251,507
Creditors: Amounts falling due within one year | 8 | (63,482) | (25,187)
Net current assets |  | 180,934 | 226,320
Total assets less current liabilities |  | 352,567 | 381,058
Creditors: Amounts falling due after more than one year | 8 | (208,000) | (220,000)
Provisions for liabilities |  | (12,350) | (39,091)
Net assets |  | 132,217 | 121,967
Capital and reserves |  |  |
Called up share capital | 9 | 2 | 2
Revaluation reserve |  | 98,035 | 110,289
Retained earnings |  | 34,180 | 11,676
Shareholders' funds |  | 132,217 | 121,967

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2026 and signed on its behalf by:

Ticklemore Cheese Ltd

(Registration number: 15080488)
Balance Sheet as at 31 January 2026

......................................... Mr Ben Harris Director
......................................... Mrs Laura Harris Director

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Hartland Tor Close
Brixham
Devon
TQ5 0RE

These financial statements were authorised for issue by the Board on 29 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 10% reducing balance basis
Fixtures and fittings | 25% reducing balance basis
Office equipment | 25% reducing balance basis

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.
Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered.
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Trademarks | 10% straight line basis

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2025 - 7).

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4 | Intangible assets

| Trademarks, patents and licenses £ | Total £
Cost or valuation
At 1 February 2025 | 2,600 | 2,600
At 31 January 2026 | 2,600 | 2,600
Amortisation
At 1 February 2025 | 260 | 260
Amortisation charge | 260 | 260
At 31 January 2026 | 520 | 520
Carrying amount
At 31 January 2026 | 2,080 | 2,080
At 31 January 2025 | 2,340 | 2,340

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 February 2025 | 3,596 | 26,933 | 143,890 | 174,419
Additions | 416 | 33,096 | 12,379 | 45,891
Disposals | (916) | - | - | (916)
At 31 January 2026 | 3,096 | 60,029 | 156,269 | 219,394
Depreciation
At 1 February 2025 | 899 | 6,733 | 14,389 | 22,021
Charge for the year | 537 | 13,324 | 14,188 | 28,049
Eliminated on disposal | (229) | - | - | (229)
At 31 January 2026 | 1,207 | 20,057 | 28,577 | 49,841
Carrying amount
At 31 January 2026 | 1,889 | 39,972 | 127,692 | 169,553
At 31 January 2025 | 2,697 | 20,200 | 129,501 | 152,398

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6 | Stocks

| 2026 £ | 2025 £
Other inventories | 118,390 | 119,553

7 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 31,847 | 30,475
Other debtors | 18,927 | 31,807
| 50,774 | 62,282

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 11 | 29,945 | -
Trade creditors |  | 16,559 | 10,311
Taxation and social security |  | 8,882 | 5,914
Accruals and deferred income |  | 6,149 | 6,049
Other creditors |  | 1,947 | 2,913
|  | 63,482 | 25,187

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 11 | 208,000 | 220,000

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary share of £1 each | 2 | 2 | 2 | 2

10 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Retained earnings £ | Total £
Surplus/deficit on property, plant and equipment revaluation | - | 12,254 | 12,254
Surplus/deficit on revaluation of other assets | (12,254) | - | (12,254)
| (12,254) | 12,254 | -

The changes to each component of equity resulting from items of other comprehensive income for the prior period were as follows:

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

| Revaluation reserve £ | Retained earnings £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 110,289 | 12,254 | 122,543

11 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 208,000 | 220,000

Current loans and borrowings

| 2026 £ | 2025 £
Hire purchase contracts | 29,945 | -

12 | Dividends

|  | 2026 |  | 2025
|  | £ |  | £
Interim dividend of £21,835.00 (2025 - £25,000.00) per ordinary share |  | 43,669 |  | 50,000

13 | Related party transactions

Transactions with directors

2026 | At 1 February 2025 £ | Advances to director £ | At 31 January 2026 £
Mr Ben Harris
Ben Harris | 11,630 | (4,092) | 7,538
Mrs Laura Harris
Laura Harris | 10,074 | (3,088) | 6,986

Ticklemore Cheese Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

2025 | At 18 August 2023 £ | Advances to director £ | At 31 January 2025 £
Mr Ben Harris
Ben Harris | - | 11,630 | 11,630
Mrs Laura Harris
Laura Harris | - | 10,074 | 10,074

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2026 £ | 2025 £
Remuneration | 25,227 | 34,893
Contributions paid to money purchase schemes | 24,000 | 54,000
| 49,227 | 88,893

Dividends paid to directors

|  | 2026 £ |  | 2025 £
Mr Ben Harris |  |  |  |
Ben Harris |  | - |  | 25,000
Mrs Laura Harris |  |  |  |
Laura Harris |  | - |  | 25,000