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Registered number: 05226310
BRUCKFERN LIMITED
ABRIDGED Financial Statements
For The Year Ended 31 December 2024
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
BRUCKFERN LIMITED
Contents
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
BRUCKFERN LIMITED
Abridged Balance Sheet
As At 31 December 2024
Abridged Balance Sheet
Registered number: 05226310
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,423,500 6,317,068
Investments 5 95 95
6,423,595 6,317,163
CURRENT ASSETS
Debtors 520,972 823,464
Cash at bank and in hand 379,862 191,698
900,834 1,015,162
Creditors: Amounts Falling Due Within One Year (1,847,115 ) (2,294,622 )
NET CURRENT ASSETS (LIABILITIES) (946,281 ) (1,279,460 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,477,314 5,037,703
Creditors: Amounts Falling Due After More Than One Year (2,233,048 ) (2,119,356 )
NET ASSETS 3,244,266 2,918,347
CAPITAL AND RESERVES
Called up share capital 7 41 41
Profit and Loss Account 3,244,225 2,918,306
SHAREHOLDERS' FUNDS 3,244,266 2,918,347
Page 1
Page 2
BRUCKFERN LIMITED
Abridged Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 15 October 2025 and were signed on its behalf by:
Mr Geoffrey Malkie
Director
15 October 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
BRUCKFERN LIMITED
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2024
Notes to the Abridged Financial Statements
1. General Information
BRUCKFERN LIMITED is a private company, limited by shares, incorporated in England & Wales.
The registered number is 05226310 .
The registered office is 170b School Lane, Didsbury, Manchester, M19 1GN.
Dividends paid to the Directors are reported in the notes to the accounts.
There are no other related party transactions to report, other than those already reported in the notes to the accounts.
There are no contingent liabilities or post balance sheet events to report.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents money lending income, management charges receivable and rental income. The business is not Value Added Tax (VAT) registered.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation.
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life.
Plant & Machinery 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
No depreciation is charged in the year of acquisition.
2.4. Investment Properties
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss.
No depreciation is provided in respect of investment properties. This policy was introduced on 1 January 2016. Prior to this investment property and investment property alterations had been incorporated at cost and had been depreciated at 2% reducing balance. Investment property fixtures and fittings had been incorporated at cost and depreciated at 15% reducing balance.
2.5. Accounting Reference Date
The accounting reference date is 27 December.
These accounts are nevertheless for the year ending 31 December 2024.
2.6. Comparative Figures
The comparative figures used throughout these accounts are as at 31 December 2023 or are for the year ended on that date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, who are employed under a contract of service during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
BRUCKFERN LIMITED
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 January 2024 6,594,021
Additions 148
Disposals (55,000 )
Revaluation 161,446
As at 31 December 2024 6,700,615
Depreciation
As at 1 January 2024 276,953
Provided during the period 162
As at 31 December 2024 277,115
Net Book Value
As at 31 December 2024 6,423,500
As at 1 January 2024 6,317,068
Investment property comprising freehold land and building, property alterations and investment property fixtures and fittings, is now being revalued by the directors at the start and at the end of each accounting period.
Cost or valuation as at 31 December 2024 represented by:
Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £
At cost 1,287,111 8,643 1,079 1,296,833
At valuation 5,403,782 - - 5,403,782
6,690,893 8,643 1,079 6,700,615
5. Investments
Total
£
Cost or Valuation
As at 1 January 2024 95
As at 31 December 2024 95
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 95
As at 1 January 2024 95
Interplan Northwest Ltd
On 12 November 2011 Bruckfern Limited acquired shares in Interplan Northwest Ltd being 60 £1 ordinary voting shares previously held by Mr Geoffrey Malkie. The holding represents 15% of the issued ordinary share capital.
The consideration paid was £1 per £1 ordinary share and in the opinion of the directors this equated to an open-market rate. The latest accounts for the year ended 30 June 2024 report accumulated undistributed profits totalling £313 (2023 £313). Dividends distributed in the year totalled £Nil (2023 £Nil) of which Bruckfern Limited's share was £Nil (2023 £Nil).
...CONTINUED
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Page 5
BRUCKFERN LIMITED
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
5. Investments - continued
Gamecock Limited
Gamecock Limited was incorporated on 8 February 2018.
The Company was controlled by Mr Geoffrey Malkie from 8 February 2018 to 18 June 2018. Mr Geoffrey Malkie transferred all his shares on 18 June 2018 to 5 new shareholders with no two shareholders having overall control thereafter. One of the new shareholders was Bruckfern Limited who acquired 175 10p Ordinary Shares representing 17.5% of the issued share capital. The consideration paid was 10p per share and, in the opinion of directors, this equated to an open-market value.
The Company has one development property which was acquired on 18 June 2018 for a consideration of £1,117,523 including buying costs. Planning permission is being sought whereupon it is envisaged that the property will be sold. This process is ongoing.
Funds for the purchase of the property were derived from the shareholders by way of shareholder loans which are secured by charges on the property acquired.
The total amount contributed to the Gamecock project is £235,456 (2023 £235,456) and is incorporated in debtors.
The latest accounts for the year ended 31 January 2025  report accumulated undistributed profits totalling £10,037 (2024 £11,039. Dividends distributed in the year totalled £Nil (2024 £Nil) of which Bruckfern Limited's share was £Nil (2024 £Nil).
Brenmall Limited
Brenmall Limited was incorporated on 17 July 2017.
Bruckfern Limited acquired 1 £1 A Ordinary Share on incorporation at par and this represented 50% of the issued share capital.
The latest accounts for the year ended 30 June 2024  report the Dundonald project was proceeding in a satisfactory manner with the first of the three properties under construction sold in the year.
The latest accounts for the year ended 30 June 2024 report accumulated profits totalling £114,777 (2023 £68,694). Dividends distributed in the year totalled £Nil (2023 £Nil) of which Bruckfern Limited's share was £Nil (2023 £Nil).
Land owned by Bruckfern Limited was sold to to Brenmall Limited in the year relaing to the Dundonald project. The land had a carrying cost of £55,000 and was sold for £60,000.
New Trafford Limited
New Trafford Limited was incorporated on 20 March 2019.
Bruckfern Limited has purchased 16 £1 Ordinary Shares for a consideration of £16 on 18 October 2019 representing 16% of the issued share capital.
The Company has one development property which has been funded by way of shareholders' loans. The total amount contributed to the New Trafford project is £Nil (2023 £358,992) and is incorporated in debtors.
The latest accounts for the year ended 31 July 2024 report that the development property had been sold and that the company had stopped trading. The shareholders' loans had been paid off with interest. Accumulated losses as at 31 July 2024 were £1,200 (31 July 2023 accumulated losses were  £279,641). The Company was dissolved on 15 April 2025 with no dividends ever having been paid. Details of the loan repayment and interest thereon are reported in the notes to the accounts.
6. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 2,278,216 2,150,113
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
41 Ordinary Shares of £ 1.00 each 41 41
Issued Ordinary Shares of £1:
- Mr Alan Malkie owns 13 £1 ordinary G Shares
- Miss Louise Lyne owns 13 £1 ordinary G Shares
- Miss Amy Turner owns 13 £1 ordinary G Shares
- Miss Denise Lyne owns 1 £1 ordinary G Share
- Miss Denise Lyne owns 1 £1 ordinary M Share
Mr Alan Malkie, Miss Louise Lyne and Miss Amy Turner are the adult children of the Director, Mr Geoffrey Malkie.
Page 5
Page 6
BRUCKFERN LIMITED
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
8. Related Party Transactions
Transactions Involving Directors - Property Rental
The directors, Mr Geoffrey Malkie and Mr Alan Malkie, rent a shared office from Bruckfern Limited. The amount of rent paid in the year totalled £1,800 (2023 £5,400) which, in the opinion of the directors, equates to an open market rate. The arrangement ceased on 30 April 2024.
Transactions Involving Directors - Property Management
Properties owned by Bruckfern Ltd are managed by Pine Properties, a property management business. Pine Properties is a partnership between Mr Alan Malkie and Mr Geoffrey Malkie. The partnership was incorporated and began trading as Pine Properties North West Limited from 1 October 2024. Management charges payable were as follows:
Management Charges Payable to Pine Properties £16,600 (2023 £11,800)
Management Charges Payable to Pine Properties North West Limited £3.863 (2023 £Nil)
The Directors report that management charges were set in accordance with open market rates.
Transactions involving Associated Companies and other Related Party Transactions
Details of investment in projects being undertaken by Gamecock Limited, Brenmall Limited and New Trafford Limited are reported in the notes to the accounts.
The director, Mr Geoffrey Malkie is also a director of Gamecock Limited, Brenmall Limited. Mr Geoffrey Malkie resigned as a director of New Trafford Limited on 8 July 2024.
9. Ultimate Controlling Party
The Company was controlled throughout the year by Mr Alan Malkie, Miss Louise Lyne and Miss Amy Turner.
Mr Alan Malkie, Miss Louise Lyne and Miss Amy Turner each held 13 £1 Ordinary G shares representing 31.71% each of the issued Ordinary Share capital of the Company.
Mr Alan Malkie, Miss Louise Lyne and Miss Amy Turner are the adult children of the director, Mr Geoffrey Malkie.
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