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Registered Number:06125405













BURDEN BROS AGRI LIMITED




UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023











 
BURDEN BROS AGRI LIMITED
REGISTERED NUMBER:06125405


BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Notes
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1
2,548,198

Total assets less current liabilities
  
 
 
1
 
 
2,548,198

  

Net assets
  
1
2,548,198


Capital and reserves
  

Called up share capital 
 6 
1
1,000,000

Profit and loss account
 7 
-
1,548,198

  
1
2,548,198


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.




Mr P A Tuckwell
Director

The notes on pages 3 to 6 form part of these financial statements.


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BURDEN BROS AGRI LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 December 2021
1,000,000
1,578,232
2,578,232


Comprehensive income for the year

Loss for the year
-
(30,034)
(30,034)



At 1 December 2022
1,000,000
1,548,198
2,548,198


Comprehensive income for the year

Profit for the year
-
-
-


Contributions by and distributions to owners

Dividends paid
-
(2,548,197)
(2,548,197)

Purchase of own shares
-
999,999
999,999

Shares redeemed during the year
(999,999)
-
(999,999)


Total transactions with owners
(999,999)
(1,548,198)
(2,548,197)


At 30 November 2023
1
-
1


The notes on pages 3 to 6 form part of these financial statements.


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BURDEN BROS AGRI LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Burden Bros Agri Limited (the "Company") is a private company limited by shares. It was incorporated and is registered in England and Wales. The address of its registered office is Shop Street, Worlingworth, Woodbridge, Suffolk IP13 7HU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

On 1 May 2021, the Company transferred its trade and certain of its assets to its immediate and ultimate parent undertaking, P. Tuckwell Limited, and subsequently ceased to trade. 
Accordingly, the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the Company’s assets down to their net realisable value. Provisions have also been made in respect of contracts which were onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


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BURDEN BROS AGRI LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a Director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


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BURDEN BROS AGRI LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1
2,548,198



5.


Cash and cash equivalents








6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1,000,000) Ordinary share of £1.00
1
1,000,000

The company performed a capital reduction on 29 November 2023 reducing its share capital to £1.



7.


Reserves

Profit and loss account

The Profit and Loss Account reserve represents the Company's accumulated profits and losses, less
dividends paid. The reserve in the Company is available for distribution to the shareholders.


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BURDEN BROS AGRI LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Related party transactions

The Company has taken advantage of the exemption under FRS 102 to not disclose transactions with P. Tuckwell Limited, the immediate and ultimate parent undertaking, as the Company is a wholly owned subsidiary undertaking.


9.


Controlling party

At 30 November 2023, the immediate and ultimate parent undertaking is P. Tuckwell Limited. The ultimate controlling party is Mr P A Tuckwell due to his majority shareholding in P. Tuckwell Limited.


10.


Auditor's information

The auditor's report on the financial statements for the year ended 30 November 2023 was unqualified.

The audit report was signed on 23 August 2024 by John Perry (Senior Statutory Auditor) on behalf of Sumer Auditco Limited.

 

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