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Magical Napkins Ltd

10073302

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

T/A YATRI INDIAN RESTAURANT, LONDON, NW1 1JD
Incorporated 21/03/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants
56103
Take-away food shops and mobile food stands

Officers

Mr Prashant Patel

director · Since 21/03/2016

ASST GENERAL MANAGER

BRITISH · UNITED KINGDOM · Age 41

Mr Vikramkumar Kanubhai Patel

director · Since 21/03/2016

STORE MANAGER

BRITISH · ENGLAND · Age 41

Also on 6 other boards

Persons with Significant Control

Mr Prashant Patel

50–75% shares

Indian · England · Age 41

T/A Yatri Indian Restaurant, 3-9 Chalton Street, London, NW1 1JD

Notified 06/04/2016

Mr Vikramkumar Kanubhai Patel

25–50% shares
25–50% votes

British · United Kingdom · Age 41

109, Clarendon Road, London, W11 4JG

Notified 20/03/2017

CompanyRankvs 5386+ SIC 56101 peers
55

Financial strength62th percentile among SIC peers · 16/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.21× · 12/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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5386Magical Napkins Ltd
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How is this score calculated?
Financial strength16/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity10/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

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. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/03/2025

Net Worth

£9k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

£5k

Working capital

Current Assets

£26k

Current Liabilities

£22k

Fixed Assets

£33k

Debtors

£14k

14avg. employees+2

Balance Sheet

Assets less current liabilities£37k
Signed by Mr Prashant Patel 28th November 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.21-£68k
20246.56+£13k
20234.54+£51k
20222.09+£131k
20210.16-£25k
20200.34—
20190.99—

Derived from filed accounts. Not audited figures.