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Registered number: 06936339
CNM The College of Naturopathic Medicine Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06936339
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,236,575 11,184,601
11,236,575 11,184,601
CURRENT ASSETS
Debtors 5 264,010 87,036
Cash at bank and in hand 5,108,326 4,767,088
5,372,336 4,854,124
Creditors: Amounts Falling Due Within One Year 6 (5,533,717 ) (5,060,843 )
NET CURRENT ASSETS (LIABILITIES) (161,381 ) (206,719 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,075,194 10,977,882
Creditors: Amounts Falling Due After More Than One Year 7 (829,246 ) (516,270 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (425,477 ) (297,189 )
NET ASSETS 9,820,471 10,164,423
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 9,820,371 10,164,323
SHAREHOLDERS' FUNDS 9,820,471 10,164,423
Page 1
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs N A Jackson
Director
Mr H J Keppler
Director
27 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CNM The College of Naturopathic Medicine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06936339 . The registered office is Unit 1, Bulrushes Farm, Coombe Hill Road, East Grinstead, West Sussex, RH19 4LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measuredreliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not Depreciated
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% Straight Line
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2.4. Financial Instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 49)
35 49
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 August 2023 11,152,535 115,053 117,352 330,984 11,715,924
Additions - 7,134 - 72,145 79,279
As at 31 July 2024 11,152,535 122,187 117,352 403,129 11,795,203
Depreciation
As at 1 August 2023 - 106,466 117,352 307,505 531,323
Provided during the period - 7,261 - 20,044 27,305
As at 31 July 2024 - 113,727 117,352 327,549 558,628
Net Book Value
As at 31 July 2024 11,152,535 8,460 - 75,580 11,236,575
As at 1 August 2023 11,152,535 8,587 - 23,479 11,184,601
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 264,010 87,036
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 185,660 220,096
Other creditors 4,497,395 4,124,288
Taxation and social security 850,662 716,459
5,533,717 5,060,843
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 829,246 516,270
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 425,477 297,189
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Later than one year and not later than five years 80,233 128,373
80,233 128,373
11. Related Party Transactions
Included in other debtors is £45,140 (2023 - £45,140) due from American School of Natural Health, a company owned by Mr H Keppler.

Included in other debtors is £134,867 (2023 - £Nil) due from CNM Dubai, a company controlled by Mr H Keppler.
12. Ultimate Controlling Party
The company was controlled throughout the current and previous period by its director, H Keppler by virtue of the fact that they own all of the company's ordinary issued share capital.
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