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REGISTERED NUMBER: 01066899 (England and Wales)
























DONALD MOODY INVESTMENTS
AND DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DONALD MOODY INVESTMENTS
AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01066899)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


DONALD MOODY INVESTMENTS
AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01066899)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,335 6,935
Investments 5 17,126,942 15,401,978
17,131,277 15,408,913

CURRENT ASSETS
Debtors 6 8,015,455 5,340,843
Cash at bank 1,160,633 3,086,161
9,176,088 8,427,004
CREDITORS
Amounts falling due within one year 7 761,096 569,160
NET CURRENT ASSETS 8,414,992 7,857,844
TOTAL ASSETS LESS CURRENT LIABILITIES 25,546,269 23,266,757

PROVISIONS FOR LIABILITIES 1,943,000 1,148,937
NET ASSETS 23,603,269 22,117,820

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 23,603,069 22,117,620
23,603,269 22,117,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DONALD MOODY INVESTMENTS
AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01066899)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Miss C A Moody - Director


DONALD MOODY INVESTMENTS
AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01066899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Donald Moody Investments and Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01066899

Registered office: The Old Dairy
Radley Green Farm
Radley Green Road
Ingatestone
Essex
CM4 0LU

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The company is a parent subject to the small companies regime. The company and its subsidiary comprise a small group. The company is therefore not required to and has not chosen to prepare group accounts

Rental income
This comprises the value of rent receivable on investment properties in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DONALD MOODY INVESTMENTS
AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01066899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Joint arrangement
The company has entered into an agreement with other Moody family companies and investors known as the Moody Joint Venture. In practise this is a joint arrangement designed to pool resources for property investments, and as such is an extension of the company's own trade. The Moody Joint Venture does not constitute a separate trading entity and therefore the company has accounted for its own share of the assets, liabilities and cash flows in the joint arrangement on a direct basis.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

DONALD MOODY INVESTMENTS
AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01066899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 26,100 3,778 29,878
DEPRECIATION
At 1 April 2023 19,166 3,777 22,943
Charge for year 2,600 - 2,600
At 31 March 2024 21,766 3,777 25,543
NET BOOK VALUE
At 31 March 2024 4,334 1 4,335
At 31 March 2023 6,934 1 6,935

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,000 15,400,978 15,401,978
Revaluations - 1,724,964 1,724,964
At 31 March 2024 1,000 17,125,942 17,126,942
NET BOOK VALUE
At 31 March 2024 1,000 17,125,942 17,126,942
At 31 March 2023 1,000 15,400,978 15,401,978

Historical cost
At 1 April 20231,0009,353,943
At 31 March 20241,0009,353,943

Radley Green Farm Limited acts as a farming and property investment company. At 31 March 2024 the aggregate of the share capital and reserves of the company amounted to £3,532,254 and the loss for the period was £166,003.

The directors have a policy of revaluing the investment properties each year, and a full professional valuation was undertaken in June 2024 by Fenn Wright.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 239,148 185,237
Amounts owed by group undertakings 1,948,354 1,948,354
Other debtors 5,827,953 3,207,252
8,015,455 5,340,843

DONALD MOODY INVESTMENTS
AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01066899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,641 6,663
Corporation tax 170,299 10,307
Social security and other taxes 3,158 -
VAT 7,670 10,014
Other creditors 573,328 542,176
761,096 569,160

8. RELATED PARTY DISCLOSURES

At 31 March 2024 the company had advanced an interest free loan to its wholly owned subsidiary, Radley Green Farm Limited, of £1,948,354.

The company received rental income of £48,260 (2023: £63,937 ) from Moody Joint Venture, a partnership in which S Moody, J. L. Moody, A. E. Moody and C. A. Moody have an interest.

9. ULTIMATE CONTROLLING PARTY

The directors consider that the controlling party is D. A. Moody 1986 Accumulation Settlement for A. E. Moody.