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Magic Life Properties Limited

14331845

active
Private Limited Company
england wales
Companies House
Health Score
82 / 100

Healthy

30/30
Filing
20/30
Financial
32/40
Risk
  • 4 outstanding charges (-8)

Details

MAGIC HOUSE 5-11 GREEN LANES, LONDON, N13 4TN
Incorporated 02/09/2022

Compliance

Last accounts

30/09/2024

total exemption full

Next accounts due

31/08/2026

On track

Confirmation statement

Last: 02/09/2025

Due 16/09/2026

On track

Industry

64306
Activities of real estate investment trusts

Officers

Mr Mario Michael

director · Since 02/09/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 6 other boards

Simon John Oliver

director · Since 02/09/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 1 other board

Persons with Significant Control

Hartsfield Investments Uk Limited

25–50% shares

Magic House, 5-11 Green Lanes, London, N13 4TN

Reg: 13036181 · Companies House · Limited

Notified 02/09/2022

Simon Oliver Homes Limited

25–50% shares
25–50% votes

Magic House, Green Lanes, London, N13 4TN

Reg: 08566776 · Companies House · Limited

Notified 02/09/2022

Charges4 outstanding

Charge
outstanding

WEST ONE LOAN LIMITED

Created 04/12/2024Registered 09/12/2024
Charge
outstanding

CAMBRIDGE & COUNTIES BANK LIMITED

Created 29/06/2023Registered 06/07/2023
Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 28/12/2022Registered 03/01/2023
Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 21/11/2022Registered 24/11/2022

CompanyRankvs 397+ SIC 64306 peers
44

Financial strength78th percentile among SIC peers · 20/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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397Magic Life Properties Limited
54
How is this score calculated?
Financial strength20/25 pts

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

Employees13/15 pts

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

Liquidity2/20 pts

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

Longevity4/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/11/2025

Net Worth

£28k

Balance sheet strength

Cash

£26k

Cash in the bank

Net Current Assets

-£3.7M

Working capital

Current Assets

£908k

Current Liabilities

£4.6M

Debtors

£882k

2avg. employees

Tax at Year End

Corp tax£9k

Balance Sheet

Bank loans & overdrafts£1.1M
Assets less current liabilities£2.3M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20250.20

Derived from filed accounts. Not audited figures.