The directors present their annual report and financial statements for the year ended 31 December 2024.

The directors have elected not to prepare a Strategic Report as the company is dormant. This exemption is available under s414B(b) of the Companies Act 2006.

The principal activity of the company continued to be that of investing in limited liability partnerships.

The results for the year are set out on page 2. The company has been dormant throughout the year.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

The directors do not anticipate any material changes to the company's operations in the immediate future.

The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

MMC Ventures Advisors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 24 High Holborn, LONDON, United Kingdom, WC1V 6AZ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Unlisted investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter, they are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The company does not hold collateral against its trade and other debtors so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.

Creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the company only has short term receivables and payables, its net current liabilities' position is a reasonable measure of its liquidity at any given time.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Prior period restatement

Based on the company's capital contribution percentage into the limited liability partnerships concerned, fixed asset investments have been reclassified as unlisted, rather than as associates. In addition, the carrying value of investments has been uplifted by £1 (with a corresponding increase to other creditors of £1) to reflect an investment made during the year ended 31 December 2021 but not recorded in the financial statements of that year.

It is the view of the directors that there are no key judgements or sources of estimation uncertainty which have a material impact on the recognition and measurement of amounts reported in these financial statements.

The average monthly number of persons (including directors) employed by the company during the year was:

No remuneration was paid to the directors in the current or prior year.

The company's immediate parent undertaking is MMC Ventures Limited, a company incorporated in England whose registered address is 3rd Floor, 24 High Holborn, London, United Kingdom, WC1V 6AZ.

The company's ultimate parent undertaking is MMC Ventures Partners LLP, a limited liability partnership incorporated in England at the same registered address.