−£904
vs Mar 2025ActiveSC559209Private limited companyGlasgow
REID MAGIC LTD
Significant control: William Reid (75–100%)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
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What does Reid Magic Ltd sell?
Registered activity: Performing arts (SIC 90010). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
REID MAGIC LTD is an active private limited company (company number SC559209) incorporated on 2 March 2017, registered in Glasgow. Its registered activity is performing arts (SIC 90010). Latest small accounts cover the period ending 31 March 2026, showing net assets of −£904 and cash of £765, with 1 employee on average. Net assets fell 60% on the prior period (−£566).
Peer position · net assets
By net assets it sits in the bottom quarter of 257 comparable companies in Glasgow (median £1,268, upper quartile £17k).
02
Ownership and control
- Mr William Reid
- owns 75–100% of shares
- holds 75–100% of voting rights
- can appoint or remove directors
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents. Directors and secretaries: see the officers list at Companies House.
03
Key dates
- Incorporated
- 2 March 20179 yrs ago
- Next accounts due
- 31 December 2027in 435 days
- Confirmation statement due
- 16 March 2027in 145 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 90010
- Performing arts
- Accounts type
- Total Exemption Full
- Size band
- MicroCompanies Act thresholds
05
Financials
£765
−41%vs Mar 2025Not reported
1
No changevs Mar 2025| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 March 2026 | −£904 | £765 | — | £2,183 | — | — | 1 |
| 31 March 2025 | −£566 | £1,298 | — | £2,506 | — | — | 1 |
Current ratio0.35Current assets ÷ creditors within one year
Cash per employee£765Cash ÷ average employees
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
06
Filing and accounts signals
- Net assets below zeroNet assets £-904 at 31 March 2026
- Net assets down 25% or more on the prior period-59.7% vs prior period
- Current assets below creditors within one yearCurrent ratio 0.35
- Incorporated five or more years agoIncorporated 2 March 2017
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.
07
Timeline
- Next accounts duein 435 days
- Confirmation statement duein 145 days
- Accounts period endNet liabilities £904 · small accounts
- Accounts period endNet liabilities £566 · small accounts
- Incorporated
08
Similar companies in Glasgow
- JASPER JAMES MUSIC LIMITEDGlasgow · inc. Feb 2017
- ERNEST MUSIC LIMITEDGlasgow · inc. Mar 2017
- BOX REVOLUTION PRODUCTIONS LTD.Glasgow · inc. Jan 2017
- SLAY EVENTS LIMITEDGlasgow · inc. Apr 2017
- WORKERS THEATRE CO-OPERATIVE LIMITEDGlasgow · inc. Jan 2017
- THE GLASGOW BARONSGlasgow · inc. May 2017
All companies incorporated on 2 March 2017 · in Mar 2017.
09
Reminders for REID MAGIC LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.