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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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
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Basis of preparation of financial statements
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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 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.
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.
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The company paid a dividend on 29 November 2023 reducing its profit and loss account reserve to £Nil.
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Amounts owed by parent undertakings
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Amounts owed by parent undertakings were interest free and repayable on demand.
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