Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 OC311813 Mr Gastão Augusto Souto De Bueno Vidigal Mrs Maria Helena De Bueno Vidigal Chagas Mrs Maria Isabel Pacheco Fernandes De Bueno Vidigal Muller Mrs Maria Luiza Pacheco Fernandes De Bueno Vidigal Cepera Mrs Maria Augusta De Bueno Vidigal Lerro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC311813 2022-12-31 OC311813 2023-12-31 OC311813 2023-01-01 2023-12-31 OC311813 frs-core:CurrentFinancialInstruments 2023-12-31 OC311813 frs-core:Non-currentFinancialInstruments 2023-12-31 OC311813 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC311813 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC311813 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC311813 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC311813 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC311813 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC311813 frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC311813 frs-core:UnlistedNon-exchangeTraded 2022-12-31 OC311813 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 OC311813 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC311813 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC311813 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 OC311813 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC311813 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC311813 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC311813 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC311813 frs-bus:PartnerLLP3 2023-01-01 2023-12-31 OC311813 frs-bus:PartnerLLP4 2023-01-01 2023-12-31 OC311813 frs-bus:PartnerLLP5 2023-01-01 2023-12-31 OC311813 2021-12-31 OC311813 2022-12-31 OC311813 2022-01-01 2022-12-31 OC311813 frs-core:CurrentFinancialInstruments 2022-12-31 OC311813 frs-core:Non-currentFinancialInstruments 2022-12-31
Registered number: OC311813
MAGNOLIA (123) LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC311813
2023 2022
Notes $ $ $ $
FIXED ASSETS
Investments 4 10,154,252 19,699,928
10,154,252 19,699,928
CURRENT ASSETS
Debtors 5 21,493,168 26,643,155
Investments 6 14,622 2,752,100
Cash at bank and in hand 107,653 1,324
21,615,443 29,396,579
Creditors: Amounts Falling Due Within One Year 7 (1,110,243 ) (1,931,174 )
NET CURRENT ASSETS (LIABILITIES) 20,505,200 27,465,405
TOTAL ASSETS LESS CURRENT LIABILITIES 30,659,452 47,165,333
NET ASSETS ATTRIBUTABLE TO MEMBERS 30,659,452 47,165,333
REPRESENTED BY:
Equity
Members' other interests
Members' capital 28,282,738 37,982,739
Other reserves 2,376,714 9,182,594
30,659,452 47,165,333
TOTAL MEMBERS' INTEREST
Members' other interests 30,659,452 47,165,333
30,659,452 47,165,333
Page 1
Page 2
For the year ending 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Gastão Augusto Souto De Bueno Vidigal
Designated Member
02/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MAGNOLIA (123) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC311813 . The Registered Office is 85 Great Portland Street, First Floor, London, W1W 7LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in US dollars which is the functional currency of the LLP.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
4. Investments
Unlisted
$
Cost
As at 1 January 2023 19,699,928
Disposals (9,545,676 )
As at 31 December 2023 10,154,252
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 10,154,252
As at 1 January 2023 19,699,928
The LLP holds the share capital of the following companies:

Name: BIRDS EYES INC.
Place of incorporation: Cayman
Proportion of ownership interest and voting power held %: 100%

Name: MAHIL PARTICIPACOES E EMPREENDIMENTOS LTDA
Place of incorporation: Brazil
Proportion of ownership interest and voting power held %: 18.59%

The investments in these companies are all measured using the equity method as the best estimate of the resulting fair value.
Page 3
Page 4
5. Debtors
2023 2022
$ $
Due within one year
Other debtors 1,369 1,369
Amounts due from members 786 786
2,155 2,155
Due after more than one year
Other debtors 21,491,013 26,641,000
21,493,168 26,643,155
6. Current Asset Investments
2023 2022
$ $
Unlisted investments 14,622 2,752,100
7. Creditors: Amounts Falling Due Within One Year
2023 2022
$ $
Trade creditors 1,650 1,500
Bank loans and overdrafts 1,108,069 1,929,150
Amounts owed to related parties 524 524
1,110,243 1,931,174
Page 4