REGISTERED NUMBER: OC390814 (England and Wales)

MOODY VENTURE CAPITAL LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,793

2,391

CURRENT ASSETS

Debtors

5

63,215,066

67,211,046

Cash at bank

3,082,887

3,042,217

66,297,953

70,253,263

CREDITORS

Amounts falling due within one year

6

19,880,198

20,510,492

NET CURRENT ASSETS

46,417,755

49,742,771

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

46,419,548

49,745,162

LOANS AND OTHER DEBTS DUE TO MEMBERS

11,444,548

14,770,162

MEMBERS' OTHER INTERESTS

Capital accounts

34,975,000

34,975,000

46,419,548

49,745,162

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11,444,548

14,770,162

Members' other interests

34,975,000

34,975,000

46,419,548

49,745,162

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 December 2025 and were signed by:

Miss C A Moody - Designated member

J L Moody 1980 Settlement - Designated member

1.	STATUTORY INFORMATION

Moody Venture Capital LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC390814

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Members' capital

Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

Interest income and expense

Interest income and expense on all financial instruments are recognised within interest receivable or payable on an effective interest rate method basis.

The effective rate method is used to calculate the amortised cost of financial instruments and to recognise interest receivable or payable over the relevant period. The effective interest rate is the rate that exactly discounts estimated cash flows (excluding credit losses) to zero through the expected life of the interest. An impact for the Company relates to loans where fees (such as arrangement fees) and costs are incorporated into the calculation. This has the effect of spreading these fees and costs over the expected life of the loan. Expected lives are estimated using contractual information and management judgement and the calculation is adjusted when actual experience differs from estimates, with the changes in deferred amounts being recognised immediately in the Income Statement.

Fees receivable in relation to the provision of loans are accounted for on an effective interest rate basis. Other fees and commissions are recognised on an accruals basis when the relevant service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Division of profits

Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

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.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

17,912

DEPRECIATION

At 1 April 2024

15,521

Charge for year

598

At 31 March 2025

16,119

NET BOOK VALUE

At 31 March 2025

1,793

At 31 March 2024

2,391

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,512,703

67,194,149

Other debtors

702,363

16,897

63,215,066

67,211,046

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,136,233

12,000,000

Trade creditors

23,765

66,865

Taxation and social security

9,706

10,102

Other creditors

6,710,494

8,433,525

19,880,198

20,510,492

7.	RELATED PARTY DISCLOSURES

During the year the following designated members or entities associated with some the members of Moody Venture Capital LLP lent the LLP funds. A commercial rate of interest is charged on the advances:

2025

2024

Donald Moody Investments Ltd

2,950,000

2,950,000

Radley Green Farm Ltd

100,000

100,000

Wedvale Properties Ltd

1,500,000

1,500,00

During the year the LLP lent MVC Development Finance Ltd (Ms C Moody is a director) £695,640 (Nil - 2024).

8.	ULTIMATE CONTROLLING PARTY

The partnership is controlled by the Individual Designated Members in their capacity as Trustees of various Moody Family Trusts, Ms CA Moody and various Moody Family Companies.