Mystical Productions Limited

Mystical Productions Ltd, based in London, UK, is a holding company with an active status, founded eight years ago in 2016. The company boasts £403,891 in assets and operates from a real address, with four directors and one owner overseeing its operations. It also runs an e-commerce site. The company regularly imports machinery, boilers, and mechanical appliances – parts, with four months of import activity recorded, and occasionally exports electrical machinery and equipment, with two months of export activity.

The company’s website reveals it’s a top Indian software development company, specializing in augmented and virtual reality technologies. It powers brands to build big, offering services like metaverse development, AR/VR applications, game development, 3D modeling, animation, and web app development. They cater to various sectors, including agriculture, real estate, tourism, education, manufacturing, and pharmaceuticals. The website is very professional and well-designed.

Financially, Mystical Productions Ltd shows a mixed picture. Cash bank on hand dropped significantly by 81%, plummeting to £54,000. While current assets increased by 18% to £400,000, net losses widened considerably, rising 88% to -£83,000. Creditors also increased by a substantial 89%, reaching £310,000, which could indicate increased borrowing or extended payment terms. Interestingly, trade debtors increased by a whopping 480%, suggesting a potential issue with collecting payments. Although the company’s equity increased by 15%, it’s not enough to offset the losses. The company’s tax expense credit also increased by 120%. The accounts are audited, and Saffery LLP is the auditor. The company is not a small company, so the accounts are more detailed.

Overall, Mystical Productions Ltd seems to be experiencing some financial headwinds, despite its active e-commerce presence and diverse service offerings. The increased debt and widening losses suggest a need for careful financial management, but the company’s technological expertise and broad range of services could provide a foundation for future growth.

Registered in England/Wales under the registration number 10437839, with a registered address at W6 9PE, United Kingdom, London, C/O Banner Productions Limited 3 Queen Caroline Street, Hammersmith.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.