Caseware UK (AP4) 2023.0.135 2023.0.135 The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the Company as at 31 December 2024 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. The Directors are responsible for preparing the Directors' report and the unaudited financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare unaudited financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these unaudited financial statements, the Directors are required to: select suitable accounting policies for the Company's financial statements and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.false true 2024-01-01 21 0 true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12165077 2024-01-01 2024-12-31 12165077 2023-01-01 2023-12-31 12165077 2024-12-31 12165077 2023-12-31 12165077 2023-01-01 12165077 1 2024-01-01 2024-12-31 12165077 d:Director1 2024-01-01 2024-12-31 12165077 d:Director2 2024-01-01 2024-12-31 12165077 d:RegisteredOffice 2024-01-01 2024-12-31 12165077 d:Agent1 2024-01-01 2024-12-31 12165077 c:CurrentFinancialInstruments 2024-01-01 2024-12-31 12165077 c:CurrentFinancialInstruments 2024-12-31 12165077 c:CurrentFinancialInstruments 2023-12-31 12165077 c:UKTax 2024-01-01 2024-12-31 12165077 c:UKTax 2023-01-01 2023-12-31 12165077 c:ShareCapital 2024-12-31 12165077 c:ShareCapital 2023-12-31 12165077 c:ShareCapital 2023-01-01 12165077 c:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12165077 c:RetainedEarningsAccumulatedLosses 2024-12-31 12165077 c:RetainedEarningsAccumulatedLosses 2023-12-31 12165077 d:OrdinaryShareClass1 2024-01-01 2024-12-31 12165077 d:OrdinaryShareClass1 2023-01-01 2023-12-31 12165077 d:OrdinaryShareClass1 2024-12-31 12165077 d:OrdinaryShareClass1 2023-12-31 12165077 d:FRS102 2024-01-01 2024-12-31 12165077 d:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12165077 d:FullAccounts 2024-01-01 2024-12-31 12165077 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12165077 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Financial Statements Code Institute Limited For the year ended 31 December 2024 Registered number: 12165077
Code Institute Limited
Company Information
Directors | Brendan Nevin
| Anthony Quigley
Registered number | 12165077
Registered office | 483 Green Lanes
| London
| England
| N13 4BS
Accountants | Grant Thornton Corporate Finance Limited
| Chartered Accountants
| 13 - 18 City Quay
| Dublin 2
| Ireland
Bankers | Revolut Ltd.
| Westferry Circus
| Canary Wharf
| London
| England
| E14 4HD
Code Institute Limited
Contents
| Page
Directors' report | 1
Directors' responsibilities statement | 2
Accountant's report | 3
Statement of comprehensive income | 4
Statement of financial position | 5
Statement of changes in equity | 6
Notes to the financial statements | 7 - 11
Code Institute Limited
Directors' report For the year ended 31 December 2024 The Directors present their report and the unaudited financial statements for the year ended 31 December 2024.
Principal activity
The principal activity of the Company is to develop professional and graduate diploma courses and to deliver them online, resulting in certification on successful completion of the course.
Directors
The Directors who served during the year were:
Brendan Nevin
Anthony Quigley
Political contributions
The Company did not make any political donations during the financial period ended 31 December 2024.
Events since the end of the year
There have been no significant events affecting the Company since the year end.
Small companies note
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf.
Brendan Nevin Director | Anthony Quigley Director
Date: 5 March 2026 |
Page 1
Code Institute Limited
Directors' responsibilities statement For the year ended 31 December 2024 The Directors are responsible for preparing the Directors' report and the unaudited financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare unaudited financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these unaudited financial statements, the Directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board:
Brendan Nevin | Anthony Quigley
Director | Director
Date: 5 March 2026 |
Page 2
Independent Accountant's Report to the Directors on the unaudited financial statements of Code Institute Limited for the year ended 31 December 2024 In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Code Institute Limited for the year ended 31 December 2024, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us. The financial statements have been prepared on the basis set out in the notes to the financial statements. This report is made solely to the directors of Code Institute Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Code Institute Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Code Institute Limited and its directors, as a body, for our work or for this report. We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements. You have approved the financial statements for the year ended 31 December 2024 and you have acknowledged on the Statement of financial position as at 31 December 2024 your duty to ensure that Code Institute Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Code Institute Limited is exempt from the statutory audit requirement for the year ended 31 December 2024. We have not been instructed to carry out an audit or review the financial statements of Code Institute Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jason Crawford |
for and on behalf of |
Grant Thornton Corporate Finance Limited |
Chartered Accountants 13 - 18 City Quay Dublin 2 Ireland |
Date: 5 March 2026 Page 3
Code Institute Limited
Statement of comprehensive income For the year ended 31 December 2024
| 2024 | 2023
Note | £ | £
Turnover |  | 617,483 | -
Gross profit |  | 617,483 | -
Administrative expenses |  | (589,726) | -
Operating profit | 4 | 27,757 | -
Tax on profit | 6 | (5,481) | -
Profit for the financial year |  | 22,276 | -
All amounts relate to continuing operations. There was no other comprehensive income for 2024 (2023: £NIL).
The notes on pages 7 to 11 form part of these financial statements.
Page 4
Code Institute Limited Registered number:12165077
Statement of financial position As at 31 December 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 6,042 |  | 100 |
Cash at bank and in hand | 8 | 47,289 |  | - |
|  | 53,331 |  | 100 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 9 | (30,955) |  | - |
Net current assets |  |  | 22,376 |  | 100
Net assets |  |  | 22,376 |  | 100
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 100 |  | 100
Profit and loss account | 11 |  | 22,276 |  | -
|  |  | 22,376 |  | 100
The Directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the Company as at 31 December 2024 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS102 Section 1A - Small Entities. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Brendan Nevin | Anthony Quigley
Director | Director
Date: 5 March 2026 |
The notes on pages 7 to 11 form part of these financial statements. Page 5
Code Institute Limited
Statement of changes in equity For the year ended 31 December 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2024 | 100 | - | 100
Comprehensive income for the year |  |  |
Profit for the year | - | 22,276 | 22,276
At 31 December 2024 | 100 | 22,276 | 22,376
Statement of changes in equity For the year ended 31 December 2023
| Called up share capital | Total equity
| £ | £
At 1 January 2023 | 100 | 100
Comprehensive income for the year |  |
Profit for the year | - | -
At 31 December 2023 | 100 | 100
| The notes on pages 7 to 11 form part of these financial statements.
Page 6
Code Institute Limited
Notes to the financial statements For the year ended 31 December 2024
1. | General information
Code Institute Limited (the “Company”) is a private company limited by shares and is incorporated in the United Kingdom and registered under the number 12165077. The Company’s registered office is 483 Green Lanes, London, N13 4BS, England. The principal activity of the Company is to develop professional and graduate diploma courses and to deliver them online, resulting in certification on successful completion of the course. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The financial statements are presented in GBP (£) which is also the functional currency of the Company. The following principal accounting policies have been applied:
| 2.2 | Revenue
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. The Company recognised revenue arising from intercompany recharges to related party.
| 2.3 | Pensions
The Company operates a defined contribution pension scheme. The contributions to an employees pension fund 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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 7
Code Institute Limited
Notes to the financial statements For the year ended 31 December 2024 2.Accounting policies (continued)
| 2.4 | 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 reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
Preparation of the financial statements requires management to make significant judgments and estimates. Judgments and estimates are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may ultimately differ from these estimates. There was no area that significant judgments and estimates were applied during the year. Page 8
Code Institute Limited
Notes to the financial statements For the year ended 31 December 2024
4. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Pension costs | 10,309 | -
5. | Employees
The Company has 21 employees (2023 - NIL) other than the Directors, who did not receive any remuneration (2023 - £NIL).
6. | Taxation
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 5,481 | -
|  | 5,481 | -
| Tax on profit | 5,481 | -
| Factors affecting tax charge for the year
| The tax assessed for the year is lower than (2023 - the same as) the standard rate of corporation tax in the UK of 25% (2023 - 19%). The differences are explained below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 27,757 | -
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19%) | 6,939 | -
| Effects of: |  |
| Marginal relief | (1,458) | -
| Total tax charge for the year | 5,481 | -
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 9
Code Institute Limited
Notes to the financial statements For the year ended 31 December 2024
7. | Debtors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 6,042 | 100
| Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
8. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 47,289 | -
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Corporation tax payable | 5,481 | -
| PAYE | 25,474 | -
|  | 30,955 | -
| PAYE and Corporation tax payable are repayable in accordance with the applicable statutory provisions.
10. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2023 - 100) Ordinary shares of £1.00 each | 100 | 100
11. | Reserves
Profit and loss account The profit and loss account includes all current and prior periods retained profits and losses. Page 10
Code Institute Limited
Notes to the financial statements For the year ended 31 December 2024
12. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately in an independently administered fund. As at 31 December 2024, the pension cost charge is £10,309 (2023: £Nil) which represents contributions to the fund. There were no accrued pension costs as at year end 2024 and 2023.
13. | Related party transactions
| The Company has availed of the exemption provided in FRS 102, Section 33 "Related Party Disclosures" not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a member.
14. | Events since the end of the year
There have been no significant events affecting the Company since the year end.
15. | Controlling party
The Company is a wholly owned subsidiary Code Institute Limited, a company incorporated and operating in the Republic of Ireland.
Page 11