Heat milk in a pot over medium flame. Bring it to a boil and then lower the flame.
In a bowl, pour lemon juice and water. Mix well.
Add this lemon mixture to the milk, one tablespoon at a time and keep stirring gently.
As soon as the milk curdles, stop adding this mixture. Remove from heat.
Take a large bowl and place a strainer over it. Line the strainer with a muslin cloth. Pour the curd mixture into the strainer. Allow it to cool down.
Transfer it to a blender and process until smooth. You can season it with salt and pepper.
Homemade cream cheese is ready. Apply it over a toast or make cheesecake.