CNM The College of Naturopathic Medicine Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

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

Page 3

Page 4

CNM The College of Naturopathic Medicine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

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. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Page 4

Page 5

CNM The College of Naturopathic Medicine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. 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.

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 (2024: 35)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 August 2024	11,152,535	122,187	117,352	403,129	11,795,203
Additions	-	6,904	-	4,286	11,190
Disposals	(11,152,535 )	-	-	-	(11,152,535 )

As at 31 July 2025	-	129,091	117,352	407,415	653,858

...CONTINUED

Page 5

Page 6

CNM The College of Naturopathic Medicine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

Depreciation
As at 1 August 2024	-	113,727	117,352	327,549	558,628
Provided during the period	-	5,175	-	19,164	24,339

As at 31 July 2025	-	118,902	117,352	346,713	582,967

Net Book Value
As at 31 July 2025	-	10,189	-	60,702	70,891

As at 1 August 2024	11,152,535	8,460	-	75,580	11,236,575

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	165	-
Amounts owed by group undertakings	11,944,739	-
Other debtors	144,892	264,010

	12,089,796	264,010

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	142,032	185,660
Other creditors	4,308,280	4,497,395
Taxation and social security	544,496	850,662

	4,994,808	5,533,717

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	602,364	829,246

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	441,089	425,477

Page 6

Page 7

CNM The College of Naturopathic Medicine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

9. Share Capital

	2025	2024
	£	£
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:

	2025	2024
	£	£
Later than one year and not later than five years	47,546	80,233

	47,546	80,233

11. Directors Advances, Credits and Guarantees

Included in other debtors due within one year are loans to the directors, Mrs N Jackson amounting to £1,000 (2024 - £Nil).

This was repaid within one month of the year end.

12. Related Party Transactions

Included in other debtors is £45,140 (2024 - £45,140) due from American School of Natural Health, a company owned by Mr H Keppler.

13. 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 the majority of the holding company's ordinary issued share capital.

Page 7

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		70,891		11,236,575

			70,891		11,236,575
CURRENT ASSETS
Debtors	5	12,089,796		264,010
Cash at bank and in hand		2,331,470		5,108,326

		14,421,266		5,372,336
Creditors: Amounts Falling Due Within One Year	6	(4,994,808 )		(5,533,717 )

NET CURRENT ASSETS (LIABILITIES)			9,426,458		(161,381 )

TOTAL ASSETS LESS CURRENT LIABILITIES			9,497,349		11,075,194

Creditors: Amounts Falling Due After More Than One Year	7		(602,364 )		(829,246 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(441,089 )		(425,477 )

NET ASSETS			8,453,896		9,820,471

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			8,453,796		9,820,371

SHAREHOLDERS' FUNDS			8,453,896		9,820,471

Mrs N A Jackson Director	Mr H J Keppler Director
27 April 2026