Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 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 2023-12-31 OC311813 2024-12-31 OC311813 2024-01-01 2024-12-31 OC311813 frs-core:CurrentFinancialInstruments 2024-12-31 OC311813 frs-core:Non-currentFinancialInstruments 2024-12-31 OC311813 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC311813 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC311813 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 OC311813 frs-bus:SmallEntities 2024-01-01 2024-12-31 OC311813 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC311813 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC311813 frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC311813 frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC311813 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC311813 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC311813 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC311813 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC311813 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC311813 frs-countries:EnglandWales 2024-01-01 2024-12-31 OC311813 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 OC311813 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 OC311813 frs-bus:PartnerLLP3 2024-01-01 2024-12-31 OC311813 frs-bus:PartnerLLP4 2024-01-01 2024-12-31 OC311813 frs-bus:PartnerLLP5 2024-01-01 2024-12-31 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
Registered number: OC311813
MAGNOLIA (123) LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC311813
2024 2023
Notes $ $ $ $
FIXED ASSETS
Investments 4 8,330,630 10,154,252
8,330,630 10,154,252
CURRENT ASSETS
Debtors 5 21,591,013 21,493,168
Investments 6 7,610 14,622
Cash at bank and in hand 77,209 107,653
21,675,832 21,615,443
Creditors: Amounts Falling Due Within One Year 7 (2,274 ) (1,110,243 )
NET CURRENT ASSETS (LIABILITIES) 21,673,558 20,505,200
TOTAL ASSETS LESS CURRENT LIABILITIES 30,004,188 30,659,452
NET ASSETS ATTRIBUTABLE TO MEMBERS 30,004,188 30,659,452
REPRESENTED BY:
Equity
Members' other interests
Members' capital 27,284,219 28,282,738
Other reserves 2,719,969 2,376,714
30,004,188 30,659,452
TOTAL MEMBERS' INTEREST
Members' other interests 30,004,188 30,659,452
30,004,188 30,659,452
Page 1
Page 2
For the year ending 31 December 2024 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
16/06/2025
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 (2023: NIL)
- -
4. Investments
Unlisted
$
Cost
As at 1 January 2024 10,154,252
Disposals (1,823,622 )
As at 31 December 2024 8,330,630
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 8,330,630
As at 1 January 2024 10,154,252
The LLP holds the share capital of the following company:
Name: BIRDS EYES INC.
Place of incorporation: Cayman
Proportion of ownership interest and voting power held %: 100%
In these separate financial statements,  investments in subsidiaries are carried at cost less any accumulated impairment losses.
Dividends received from subsidiaries are recognised in the profit or loss of the Company.
5. Debtors
2024 2023
$ $
Due within one year
Other debtors - 1,369
Amounts due from members - 786
- 2,155
...CONTINUED
Page 3
Page 4
Due after more than one year
Other debtors 21,491,013 21,491,013
Amounts owed by subsidiaries 100,000 -
21,591,013 21,491,013
21,591,013 21,493,168
6. Current Asset Investments
2024 2023
$ $
Unlisted investments 7,610 14,622
7. Creditors: Amounts Falling Due Within One Year
2024 2023
$ $
Trade creditors 1,750 1,650
Bank loans and overdrafts - 1,108,069
Amounts owed to related parties 524 524
2,274 1,110,243
8. Related Party Transactions
Investments in Subsidiaries
At the balance sheet date, the LLP held investments in subsidiary undertakings amounting to USD 8,330,630 (2024: USD 10,154,252 ). This subsidiary is related party by virtue of being under the control of the LLP.
Amounts Owed by Subsidiaries
At the reporting date, the LLP had receivables due from its subsidiaries amounting to USD 100,000 (2024: USD 0). These balances are unsecured,  interest-free, and are repayable after more than one year.
Amounts Due from Members
Amounts due from members at the year end totalled USD 524 (2024: USD 524). These amounts are unsecured,  interest-free, and repayable on demand.
Page 4