−£188k
vs Jul 2024Active14213463Private limited companyLondon
MAGNA & CO DEVELOPMENT LTD
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
01
Summary
MAGNA & CO DEVELOPMENT LTD is an active private limited company (company number 14213463) incorporated on 4 July 2022, registered in London. Its registered activity is development of building projects (SIC 41100). Latest small accounts cover the period ending 31 July 2025, showing net assets of −£188k and cash of −£2,689, with 0 employees on average. Net assets fell 68% on the prior period (−£112k).
Peer position · net assets
By net assets it sits in the bottom quarter of 12,682 comparable companies in London (median £413, upper quartile £73k).
02
Key dates
- Incorporated
- 4 July 20224 yrs ago
- Next accounts due
- 30 April 2027in 190 days
- Confirmation statement due
- 18 July 2027in 269 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
03
Activity
- SIC 41100
- Development of building projects
- SIC 41201
- Construction of commercial buildings
- SIC 41202
- Construction of domestic buildings
- SIC 68100
- Buying and selling of own real estate
- Accounts type
- Total Exemption Full
- Size band
- MicroCompanies Act thresholds
04
Financials
−£2,689
−215%vs Jul 2024Not reported
0
vs Jul 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 July 2025 | −£188k | −£2,689 | £211k | £484k | — | — | 0 |
| 31 July 2024 | −£112k | £2,337 | £201k | £370k | — | — | 0 |
Current ratio0.43Current assets ÷ creditors within one year
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
05
Filing and accounts signals
- Net assets below zeroNet assets £-188,341 at 31 July 2025
- Net assets down 25% or more on the prior period-68.0% vs prior period
- Current assets below creditors within one yearCurrent ratio 0.43
- Incorporated two to five years agoIncorporated 4 July 2022
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
06
Ownership and control
- Mr Temitope Afolabi
- owns 75–100% of shares
- Mr Kehinde Olayinka Farinloye
- owns 25–50% of shares
- Mrs Juliet Kapena
- owns 25–50% of shares
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
07
Timeline
- Confirmation statement duein 269 days
- Next accounts duein 190 days
- Accounts period endNet liabilities £188k · small accounts
- Accounts period endNet liabilities £112k · small accounts
- Incorporated
08
Similar companies in London
- S.T BUILDING MAINTENANCE LTDLondon · inc. Jul 2022
- W13 RES LIMITEDLondon · inc. Jul 2022
- 50-52 CALVERLEY ROAD LIMITEDLondon · inc. Jul 2022
- BRYMOR GROUP SOUTHERN LIMITEDLondon · inc. Jul 2022
- LONDON GATEWAY DEVELOPMENTS LIMITEDLondon · inc. Jul 2022
- YNWA DEVELOPMENTS LTDLondon · inc. Jul 2022
All companies incorporated on 4 July 2022 · in Jul 2022.
09
Reminders for MAGNA & CO DEVELOPMENT LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.