Limited Liability Partnership registration number SO304343 (Scotland)
MAGA LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
MAGA LLP
CONTENTS
Page
LLP information
1
Balance sheet and notes to the financial statements
2 - 3
MAGA LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
- 1 -
Designated members
Mr P J Johnston
Mr N R Pelosi As Trustee Of The Twenty Twenty Trust
Mr F V Waters
Mr J J Whyte
Limited liability partnership number
SO304343
Registered office
Mearns Castle Golf Academy
Waterfoot Road
Newton Mearns
Glasgow
Scotland
G77 5RR
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
MAGA LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
£
£
£
£
Fixed assets
801,198
801,198
Current assets
7,139
7,198
Net current assets
7,139
7,198
Total assets less current liabilities
808,337
808,396
Creditors: amounts falling due after more than one year
(1,654,785)
(1,358,327)
Net liabilities attributable to members
(846,448)
(549,931)
Represented by:
Loans and other debts due (from)/to members
(846,448)
(549,931)
(846,448)
(549,931)
Notes to the financial statements
1
Employees
The average number of persons, excluding members, employed by the partnership during the year was as follows:
2025
2024
Total
0
0
The members of thetrue LLP have elected not to include a copy of the profit and loss account within the financial statements.
Maga LLP is a Limited Liability Partnership incorporated in Scotland. The registered office is Mearns Castle Golf Academy, Waterfoot Road, Newton Mearns, Glasgow, Scotland, G77 5RR.
The presentational and functional currency of the financial statements is the Pound Sterling (£).
For the financial year ended 31 March 2025 the Limited Liability Partnership 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) relating to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
MAGA LLP
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -
The financial statements were approved by the members and authorised for issue on 12 December 2025 and are signed on its behalf by:
Mr F V Waters
Designated member
Limited Liability Partnership registration number SO304343 (Scotland)