UK Companies House feature
MAGNUS ASSETS ONE LIMITED
Cash
£784K
-44.6% vs 2021
Net assets
-£2M
-90.8% vs 2021
Employees
0
Average over period
Profit before tax
—
Period ending 2022-09-30
Profile
- Company number
- 11214178
- Status
- Active
- Incorporation
- 2018-02-20
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 66300
- Hubs
- UK Fintech
Net assets
4-year trend · vs UK Fintech median
Accounts
4-year trend · latest 2022-09-30
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | — | — | — | — | |
| Cash | — | — | £1,414,909 | £783,621 | |
| Total assets less current liabilities | £43,470,840 | — | -£1,107,181 | -£2,112,447 | |
| Net assets | £148 | — | — | — | |
| Equity | £148 | -£329,120 | -£1,107,181 | -£2,112,447 | |
| Average employees | 0 | — | 0 | 0 | |
| Wages | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated (group)
- Auditor
- Lubbock Fine LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the Group's latest forecasts and the directors have reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. The directors have not identified any material uncertainties that could cast significant doubt about the Company's and the Group's ability to adopt the going concern basis of accounting for a period of at least 12 months from the date at which the financial statement are authorised for issue. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and financial statements.”
Subsidiaries
- Bartley Power Limited · 100% held · England · generation of electricity through reserve power plants
- Hamble Power Limited · 100% held · England · generation of electricity through reserve power plants
- Keekle Power Limited · 100% held · England · generation of electricity through reserve power plants
- Lavant Power Limited · 100% held · England · generation of electricity through reserve power plants
Significant events
- “On 18 January 2025, the entire share capital of Magnus Assets One Limited was acquired by Hartree Partners Power Holdings 2 (UK) Limited, a company incorporated in England and Wales which became the immediate parent undertaking and smallest entity for which financial statements will be consolidated. On the same date, Hartree Partners LP, a limited partnership registered in the United States of America, became the the highest entity in which the Company's financial statements will be consolidated. As part of the acquisition on 18 January 2025, it was noted that the Company's loan with Bagnall Energy Limited was fully repaid and new secured loan was obtained from the Company's new parent entity.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GARSKE, Paul Martin | Director | 2025-01-18 | Oct 1968 | British |
| MASON, Stephen John | Director | 2025-01-18 | Sep 1964 | British |
| SEMLITZ, Stephen Michael | Director | 2025-01-18 | Feb 1953 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORBALLY, Colin George Eric | Director | 2019-03-13 | 2020-11-19 |
| LEWIS, Christopher Simon | Director | 2018-02-20 | 2019-03-15 |
| SHAH, Mehal | Director | 2020-11-19 | 2022-10-05 |
| SHAH, Mehal | Director | 2020-11-19 | 2025-01-18 |
| TOME, Nuno Miguel Palhares | Director | 2022-10-05 | 2023-01-25 |
| WILLIAMS, Tom Sean | Director | 2019-03-12 | 2020-11-19 |
| THAMES STREET SERVICES LIMITED | Corporate Director | 2020-01-21 | 2025-01-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hartree Partners Power Holdings 2 (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-01-18 | Active |
| Bagnall Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-12 | Ceased 2025-01-18 |
| Downing Corporate Finance Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-20 | Ceased 2019-03-12 |
Filing timeline
Last 20 of 49 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-03 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2026-01-09 | AD01 | address | change registered office address company with date old address new address |
| 2025-11-15 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-09-09 | AA | accounts | accounts with accounts type group |
| 2025-02-19 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-02-04 | AD01 | address | change registered office address company with date old address new address |
| 2025-02-04 | AA01 | accounts | change account reference date company previous extended |
| 2025-01-31 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2025-01-31 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2025-01-27 | TM01 | officers | termination director company with name termination date |
| 2025-01-27 | TM01 | officers | termination director company with name termination date |
| 2025-01-27 | AP01 | officers | appoint person director company with name date |
| 2025-01-27 | AP01 | officers | appoint person director company with name date |
| 2025-01-27 | AP01 | officers | appoint person director company with name date |
| 2025-01-17 | SH01 | capital | capital allotment shares |
| 2025-01-17 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-01-06 | CH01 | officers | change person director company with change date |
| 2025-01-06 | AD01 | address | change registered office address company with date old address new address |
| 2024-10-02 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-10-02 | CH02 | officers | change corporate director company with change date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory