# MAGANLAXMI PROPERTIES LTD (10546066)

> MAGANLAXMI PROPERTIES LTD is an active private limited company (company number 10546066) incorporated on 4 January 2017, registered in Letchworth Garden City. Its registered activity is buying and selling of own real estate (SIC 68100). Latest small accounts cover the period ending 31 March 2026, showing net assets of −£28k and cash of £0, with 0 employees on average. Net assets fell 35% on the prior period (−£21k). Across the last 3 periods on record the net-asset trend is falling.

- Status: Active
- Incorporated: 2017-01-04
- Registered office: Letchworth Garden City, SG6 1PT
- SIC 68100: Buying and selling of own real estate
- Next accounts due: 2027-12-31
- Confirmation statement due: 2027-01-18
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the lower half of 1,691 comparable companies in Hertfordshire (median £2, upper quartile £18k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | −£28k | £0 | £183k | £302k | — | — | 0 |
| 2025-03-31 | −£21k | £2,199 | £184k | £306k | — | — | 0 |
| 2024-03-31 | −£12k | £305 | £181k | £301k | — | — | 0 |

current ratio 0.61; net assets trend falling; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-28,438 at 31 March 2026
- Net assets down 25% or more on the prior period: -34.7% vs prior period
- Current assets below creditors within one year: Current ratio 0.61
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 4 January 2017

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Mahendra Maganbhai Patel — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors, since 2017-01-04
- Mrs Chhaya Mahendra Kumar Patel — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors, since 2017-03-11

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/10546066
HTML: https://firmoscan.com/company/10546066-maganlaxmi-properties-ltd