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REGISTERED NUMBER: 11329578 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CODECAMP LTD

CODECAMP LTD (REGISTERED NUMBER: 11329578)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CODECAMP LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: H Markham
G M Fordred
R B Gavshon
M H Rohald
A J Poulton





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 11329578 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

CODECAMP LTD (REGISTERED NUMBER: 11329578)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 398 999

CURRENT ASSETS
Debtors 5 24,772 13,024
Cash at bank 86,482 49,460
111,254 62,484
CREDITORS
Amounts falling due within one year 6 239,978 148,826
NET CURRENT LIABILITIES (128,724 ) (86,342 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(128,326

)

(85,343

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (128,426 ) (85,443 )
SHAREHOLDERS' FUNDS (128,326 ) (85,343 )

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





G M Fordred - Director


CODECAMP LTD (REGISTERED NUMBER: 11329578)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Codecamp Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis in light of the fact the ultimate parent company, Cluey Ltd has confirmed that it will continue to support the company, as required, for a period of at least 12 months and 1 day from the date of the audit report.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised once events and courses have occurred. The events and courses concerned occur over school terms for after school classes and during school holidays for holiday coding camps. These courses have a prescribed length over a number of weeks. Where the events and courses have been invoiced or paid for in advance but not yet performed, deferred revenue is accounted for within the financial statements. Deferred revenue is recognised based on number of courses remaining post year end.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

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

Plant and machinery etc - Straight line over 3 years

Financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CODECAMP LTD (REGISTERED NUMBER: 11329578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 1,803
DEPRECIATION
At 1 July 2023 804
Charge for year 601
At 30 June 2024 1,405
NET BOOK VALUE
At 30 June 2024 398
At 30 June 2023 999

CODECAMP LTD (REGISTERED NUMBER: 11329578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
as restated
£    £   
Trade debtors 15,233 2,300
Other debtors 9,539 10,724
24,772 13,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
as restated
£    £   
Trade creditors 7,019 3,911
Amounts owed to group undertakings 34,897 56,111
Taxation and social security 31,688 17,287
Other creditors & accruals 166,374 71,517
239,978 148,826

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Florentin-Lee (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

CODECAMP LTD (REGISTERED NUMBER: 11329578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. ULTIMATE PARENT COMPANY

Cluey Ltd, a company incorporated in Australia with registered address Suite 2, Level 2, 117 Clarence Street, Sydney, NSW, Australia is considered the ultimate parent company. Cluey Ltd is the largest and smallest group for which consolidated accounts are produced. These consolidated accounts are publicly available and can be found on https://investorhub.clueylearning.com.au/. The immediate parent company is Codecamp Holdings Pty Ltd, a company incorporated in Australia.

11. PRIOR YEAR ADJUSTMENT

During the course of the audit of the financial statements, it has been identified that an amount receivable from the Stripe account amounting to £9,732 in the year ended 30 June 2023 had been recognised as cash at bank which should have been recognised in other debtors. This has resulted in the cash at bank being overstated and other debtors being understated by that amount. This prior year adjustment doesn't impact the loss for the year or opening retained earnings, and hence there is no tax effect.