All Things Butter Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14833009 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

All Things Butter Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

Great North House

20 Allington Way

DARLINGTON

Co Durham

DL1 4QB

FIXED ASSETS

Tangible assets

4

11,257

9,226

CURRENT ASSETS

Stocks

5

193,178

43,920

Debtors

6

868,148

360,583

Cash at bank

235,856

408,305

1,297,182

812,808

CREDITORS

Amounts falling due within one year

7

(502,627

)

(222,622

)

NET CURRENT ASSETS

794,555

590,186

TOTAL ASSETS LESS CURRENT
LIABILITIES

805,812

599,412

CAPITAL AND RESERVES

Called up share capital

8

2,156

1,832

Share premium

4,783,625

2,736,836

Retained earnings

(3,979,969

)

(2,139,256

)

SHAREHOLDERS' FUNDS

805,812

599,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 3 September 2026 and were signed on its behalf by:

T E F Hopkinson - Director

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

Assets are held at cost less accumulated depreciation and provisions for impairment.

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.

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 12 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2025

112

15,442

15,554

Additions

-

9,100

At 31 March 2026

112

24,542

24,654

DEPRECIATION

At 1 April 2025

46

6,282

6,328

Charge for year

37

7,032

7,069

At 31 March 2026

83

13,314

13,397

NET BOOK VALUE

At 31 March 2026

29

11,228

11,257

At 31 March 2025

66

9,160

9,226

5.

STOCKS

2026

2025

£

Stocks

193,178

43,920

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

643,292

302,800

Amounts owed by group undertakings

110,000

-

Other debtors

78,892

51,090

Directors' current accounts

5

35

Prepayments and accrued income

35,959

6,658

868,148

360,583

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

371,009

181,988

Taxation and social security

35,140

19,946

Accruals and deferred income

96,478

20,688

502,627

222,622

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

13,145,583

Ordinary

£0.0001

1,314

686,215

Deferred

£0.0001

69

7,725,737

Series Seed

£0.0001

773

449

2,156

1,832

3,239,616 additional Series Seed shares were issued during the year.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

T E F Hopkinson

Balance outstanding at start of year

35

25

Amounts advanced

78,961

59,999

Amounts repaid

(78,991

)

(59,989

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

5

35

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:

2026 number

2026 WAEP

£

Balance at 31 March 2025

1,434,494

0.28

Granted during the period

674,723

0.38

Forfeited during the period

77,909

0.30

Exercised during the period

-

Vested during the period

-

Outstanding at 31 March 2026

2,031,308

0.32

Exercisable at 31 March 2026

-

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

-