ACCOUNTS - Final Accounts preparation

Registered number: OC437566

MACTAGGART AGATHOS LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

MACTAGGART AGATHOS LLP

REGISTERED NUMBER: OC437566

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024	2023
Note	£	£

Fixed assets
Investments	4	1,850,585	910,871
Net assets		1,850,585	910,871

Represented by:
Loans and other debts due to members within one year
Members' other interests
Members' capital classified as equity
Other reserves classified as equity
	1,850,585	910,871

Total members' interests
Members' other interests	1,850,585	910,871

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the income statement in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by:

................................................

Sir J A Mactaggart

Designated member

Date: 26 August 2025

The notes on pages 3 to 4 form part of these financial statements.

Mactaggart Agathos LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

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MACTAGGART AGATHOS LLP

REGISTERED NUMBER: OC437566

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 DECEMBER 2024


	EQUITY Members' other interests
	Members' capital (classified as equity)	Other reserves	Total
	£	£	£
Loss for the year available for discretionary division among members	-	(176,745)	(176,745)
Members' interests after profit for the year	1,087,616	(176,745)	910,871
Balance at 31 December 2023	910,871	-	910,871
Loss for the year available for discretionary division among members	-	(321,067)	(321,067)
Members' interests after profit for the year	910,871	(321,067)	589,804
Amounts introduced by members	1,260,781	-	1,260,781
Balance at 31 December 2024	2,171,652	(321,067)	1,850,585

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

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MACTAGGART AGATHOS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Mactaggart Agathos LLP (registered number: OC437566) is a limited liability partnership, incorporated in England and Wales. The registered address is 2 Babmaes Street, London SW1Y 6HD.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in Income Statement.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

2.3

Valuation of investments

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Employees

The entity has no employees.

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MACTAGGART AGATHOS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 January 2024	910,871
	Additions	1,260,781
	Revaluations	(321,067)
	At 31 December 2024	1,850,585

5.	Controlling party

The parent company is Mactaggart Heritable Limited, which is registered in England and Wales. Mactaggart Heritable Limited products consolidated financial statements that are available to the public, from the Registrar of Companies at Companies House.
There is no single ultimate controlling party.

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