MAGIC HOMES LTD.
Company number 04371865 · Monitor this company
Executive summary
Magic Homes Ltd operates within the UK residential property letting sector but functions primarily as an intragroup financing vehicle within the Paul Simon property group, evidenced by its near-zero direct property holdings and 99.4% debtor concentration. While its £28.1M net asset base and moderate gearing suggest financial substance, the company's extreme dependency on group counterparties for asset quality and cash generation presents concentration risk that is atypical for standalone property operators. The ongoing reduction in total assets from £50.4M to £37.2M over FY2022-FY2024 signals group restructuring activity, and the thin cash position of £104K against £9.06M in current liabilities warrants monitoring of intercompany settlement discipline.
Shareholders' funds
£27,296,166
Balance sheet as at 2025-09-30
What it does
The principal activity of the company is that of property rental.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2002-02-12
- Employees
- 19 (2025 accounts)
- Registered office
- Magic House, 5-11 Green Lanes, Palmers Green, London, N13 4TN
- Postcode
- N13 4TN
- Capital
- 2 GBP
- Accounts category
- Total Exemption Full
- Charges
- 41 outstanding
Accounts
- Last made up to
- 2025-09-30
- Next due by
- 2027-06-30
- Financial year end
- 30 September
Confirmation statement
- Last statement dated
- 2026-02-12
- Next due by
- 2027-02-26
Nature of business (SIC)
- 68209 Other letting and operating of own or leased real estate
Officers 3 current · 2 resigned
Group structure 1 subsidiary
Controlled by PAUL SIMON MAGIC GROUP HOLDINGS LTD — since 2023-03-08
Controlled by PAUL SIMON DEVELOPMENTS LIMITED — since 2016-04-06
-
T.WATTS & SONS(RETAIL)LIMITED Dissolved
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — ZA576458 (Tier 1), registered since 2019.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- http://www.magic-homes.com
Previous company names
| Name | Date changed |
|---|---|
| HARRINGAY PROPERTIES LIMITED | 2007-11-05 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| MAGIC HOUSE, 5-44 GREEN LANES PALMERS GREEN, LONDON, N13 4TN | 2007-12-14 |
| THE COLISEUM, 11 SALISBURY PROMENADE, GREEN LANES, LONDON N8 0RX | 2007-09-21 |
| 38 GRAND PARADE, GREEN LANES, LONDON, N4 1AQ | 2004-07-21 |
Among its peers
Top 1%
by shareholders' funds, of 8,689 similar companies in N
Among the biggest employers among its local peers (19 staff).
Among the oldest 25% of its local peers, trading since 2002.
No.17 of the largest other letting and operating of own or leased real estate companies in London →
Competitors London
This company ranks 17 among other letting and operating of own or leased real estate in London.
The class of 2002
69%
of the 3,705 companies in this sector incorporated in 2002 are still active today; 29% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 7 titles
- Freehold
- 1
- Leasehold
- 6
- Most recent registration
- 2017-04-03
- Price paid, where recorded
- £506,314
- Where
- Greater London (7)
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| NGL456377 | Greater London | Freehold | 2017-04-03 | £46,314 |
| AGL195974 | Greater London | Leasehold | 2008-12-11 | — |
| AGL195977 | Greater London | Leasehold | 2008-12-11 | — |
| AGL196002 | Greater London | Leasehold | 2008-12-11 | — |
| AGL141691 | Greater London | Leasehold | 2008-07-22 | £155,000 |
| AGL142185 | Greater London | Leasehold | 2008-07-22 | £155,000 |
| AGL189545 | Greater London | Leasehold | 2008-07-22 | £150,000 |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.