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# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Company Registration Number:
02760241 (England and Wales)

## Unaudited statutory accounts for the year ended 31 July 2025

## Period of accounts

## Start date: 1 August 2024

## End date: 31 July 2025

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Contents of the Financial Statements

for the Period Ended 31 July 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

Directors' report period ended 31 July 2025

The directors present their report with the financial statements of the company for the period ended 31 July 2025

Principal activities of the company

The provision of Executive Education and related services.

Political and charitable donations

There is no charge to the profit and loss account for the year in respect of a donation for charitable purposes to Cranfield University (2024:£nil). The company made no political contributions during the year (2024: £nil)

Directors

The directors shown below have held office during the whole of the period from
1 August 2024 to 31 July 2025

Professor David Denyer
Mark Stuart Threlfall

The directors shown below have held office during the period of
1 August 2024 to 5 March 2025

Professor David Oglethorpe
Neil Wilson

The director shown below has held office during the period of
1 August 2024 to 30 October 2024

Philip Aspinall

The directors shown below have held office during the period of
5 March 2025 to 31 July 2025

Professor Lynette Ryals OBE
Sarah Ann Tose

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 April 2026

And signed on behalf of the board by:
Name: Sarah Ann Tose
Status: Director

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Profit And Loss Account

for the Period Ended 31 July 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 10,688,602 | 13,001,164
Cost of sales: | ( 6,307,868 ) | ( 7,138,567 )
Gross profit(or loss): | 4,380,734 | 5,862,597
Administrative expenses: | ( 6,043,542 ) | ( 6,077,732 )
Operating profit(or loss): | (1,662,808) | (215,135)
Interest receivable and similar income: | 26,700 | 32,627
Interest payable and similar charges: |  | ( 1,636 )
Profit(or loss) before tax: | (1,636,108) | (184,144)
Tax: | 135,580 | ( 67,229 )
Profit(or loss) for the financial year: | (1,500,528) | (251,373)

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Balance sheet

As at 31 July 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Tangible assets: | 3 | 1,531,642 | 1,630,902
Total fixed assets: |  | 1,531,642 | 1,630,902
Current assets
Debtors: | 4 | 2,693,661 | 4,200,291
Cash at bank and in hand: |  | 1,378,919 | 1,224,267
Total current assets: |  | 4,072,580 | 5,424,558
Creditors: amounts falling due within one year: | 5 | ( 3,772,173 ) | ( 3,722,883 )
Net current assets (liabilities): |  | 300,407 | 1,701,675
Total assets less current liabilities: |  | 1,832,049 | 3,332,577
Total net assets (liabilities): |  | 1,832,049 | 3,332,577
Capital and reserves
Called up share capital: |  | 1,780,000 | 1,780,000
Profit and loss account: |  | 52,049 | 1,552,577
Total Shareholders' funds: |  | 1,832,049 | 3,332,577

The notes form part of these financial statements

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 17 April 2026
and signed on behalf of the board by:

Name: Professor Lynette Ryals OBE
Status: Director

The notes form part of these financial statements

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 31 July 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents the amounts receivable in the ordinary course of business for services provided excluding value added tax. Turnover relates to delivery of executive development programmes and associated services, and is recognised in the period that the programme or related service is delivered. Where turnover is invoiced in advance of the supply of service, it is held in income in advance until the service has been provided.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost and depreciation is calculated to write off the cost of the assets, less their estimated residual values, on a straight line basis over the expected useful economic lives of the assets. The rates used for this purpose are: Freehold buildings 2% Computer equipment/software 20% - 33% Other equipment and motor vehicles 20% - 25% Furniture and fittings 10%

  Other accounting policies

  Basic Financial Instruments Financial Risk Management Taxation Leasing Pension Costs Gift Aid

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 31 July 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 55 | 62

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 August 2024 | 3,206,823 | 113,492 | 574,869 | 214,851 |  | 4,110,035
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 July 2025 | 3,206,823 | 113,492 | 574,869 | 214,851 |  | 4,110,035
Depreciation |  |  |  |  |  |
At 1 August 2024 | 1,633,893 | 113,492 | 523,064 | 208,684 |  | 2,479,133
Charge for year | 74,901 |  | 21,103 | 3,256 |  | 99,260
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 July 2025 | 1,708,794 | 113,492 | 544,167 | 211,940 |  | 2,578,393
Net book value |  |  |  |  |  |
At 31 July 2025 | 1,498,029 | 0 | 30,702 | 2,911 |  | 1,531,642
At 31 July 2024 | 1,572,930 | 0 | 51,805 | 6,167 |  | 1,630,902

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 1,513,148 | 2,388,603
Prepayments and accrued income | 262,404 | 378,222
Other debtors | 918,109 | 1,433,466
Total | 2,693,661 | 4,200,291

# CRANFIELD MANAGEMENT DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 853,907 | 938,288
Taxation and social security | 85,865 | 146,390
Accruals and deferred income | 213,318 | 257,464
Other creditors | 2,619,083 | 2,380,741
Total | 3,772,173 | 3,722,883

Amounts owned to holding body and amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.