Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truefalsefalse2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01trueNo description of principal activity2 09964212 2023-02-01 2024-01-31 09964212 2024-01-31 09964212 2022-02-01 2023-01-31 09964212 2023-01-31 09964212 c:Director2 2023-02-01 2024-01-31 09964212 d:CurrentFinancialInstruments 2024-01-31 09964212 d:CurrentFinancialInstruments 2023-01-31 09964212 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09964212 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09964212 d:ShareCapital 2024-01-31 09964212 d:ShareCapital 2023-01-31 09964212 d:RetainedEarningsAccumulatedLosses 2024-01-31 09964212 d:RetainedEarningsAccumulatedLosses 2023-01-31 09964212 c:FRS102 2023-02-01 2024-01-31 09964212 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09964212 c:FullAccounts 2023-02-01 2024-01-31 09964212 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09964212 2 2023-02-01 2024-01-31 09964212 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 09964212


JOHN LOCKE EDUCATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
JOHN LOCKE EDUCATION LIMITED
REGISTERED NUMBER: 09964212

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
1,933

Cash at bank and in hand
 5 
18,631
15,236

  
18,631
17,169

Creditors: amounts falling due within one year
 6 
(312,442)
(299,200)

Net current liabilities
  
 
 
(293,811)
 
 
(282,031)

Total assets less current liabilities
  
(293,811)
(282,031)

  

Net liabilities
  
(293,811)
(282,031)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(293,911)
(282,131)

  
(293,811)
(282,031)


Page 1

 
JOHN LOCKE EDUCATION LIMITED
REGISTERED NUMBER: 09964212
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Marie Loubeyre
Director
Date: 30 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JOHN LOCKE EDUCATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

John Locke Education Limited is a company incorporated in England and Wales with registered number 09964212. The registered address is 1 Vincent Square, London, SW1P 2PN. The principal activity of the company is that of an independent educational organisation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared under a going concern basis, as confirmed by the director. 

 
2.3

Revenue

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, value added tax and other sales taxes. 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 measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
JOHN LOCKE EDUCATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
JOHN LOCKE EDUCATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
JOHN LOCKE EDUCATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
-
1,933

-
1,933



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,631
15,236

18,631
15,236



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
76

Other creditors
309,802
294,924

Accruals and deferred income
2,640
4,200

312,442
299,200



7.


Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £202 (2023: £878). 

Page 6

 
JOHN LOCKE EDUCATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Related party transactions

During the year the company entered into transactions with John Locke Institute Inc, a US company under the control of the shareholder, Martin Cox. Costs of £292,850 (2023: £903) were incurred during the year and an amount of £309,012 remains due to John Locke Institute Inc as at the balance sheet date (2023: £294,924).


9.


Controlling party

The ultimate controlling party is Martin Cox by virtue of his 100% shareholding.

 
Page 7