Acorah Software Products - Accounts Production 19.1.200 false true false 7 August 2024 31 December 2025 31 December 2025 15883729 Markus Anderljung Paul Harding Toby Ord Centre for the Governance of AI, Inc true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15883729 2024-08-06 15883729 2025-12-31 15883729 2024-08-07 2025-12-31 15883729 frs-core:CurrentFinancialInstruments 2025-12-31 15883729 frs-core:Non-currentFinancialInstruments 2025-12-31 15883729 frs-core:BetweenOneFiveYears 2025-12-31 15883729 frs-core:ComputerEquipment 2025-12-31 15883729 frs-core:ComputerEquipment 2024-08-07 2025-12-31 15883729 frs-core:ComputerEquipment 2024-08-06 15883729 frs-core:FurnitureFittings 2025-12-31 15883729 frs-core:FurnitureFittings 2024-08-07 2025-12-31 15883729 frs-core:FurnitureFittings 2024-08-06 15883729 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 15883729 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-07 2025-12-31 15883729 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-06 15883729 frs-core:PlantMachinery 2024-08-07 2025-12-31 15883729 frs-core:WithinOneYear 2025-12-31 15883729 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 15883729 frs-bus:CompanyLimitedByGuarantee 2024-08-07 2025-12-31 15883729 frs-bus:FilletedAccounts 2024-08-07 2025-12-31 15883729 frs-bus:SmallEntities 2024-08-07 2025-12-31 15883729 frs-bus:AuditExempt-NoAccountantsReport 2024-08-07 2025-12-31 15883729 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-07 2025-12-31 15883729 1 2024-08-07 2025-12-31 15883729 frs-bus:Director1 2024-08-07 2025-12-31 15883729 frs-bus:Director2 2024-08-07 2025-12-31 15883729 frs-bus:Director3 2024-08-07 2025-12-31 15883729 frs-countries:EnglandWales 2024-08-07 2025-12-31
Registered number: 15883729
Centre for the Governance of AI
Unaudited Financial Statements
For the Period 7 August 2024 to 31 December 2025
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Centre for the Governance of AI
Contents
Contents

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

Page 1
Centre for the Governance of AI
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 15883729

| 31 December 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,648,559
|  |  | 3,648,559
CURRENT ASSETS
Debtors | 5 | 785,328 |
Cash at bank and in hand |  | 5,747,104 |
|  | 6,532,432 |
Creditors: Amounts Falling Due Within One Year | 6 | (1,107,957 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 5,424,475
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 9,073,034
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (2,759,272 )
NET ASSETS |  |  | 6,313,762
Income and Expenditure Account |  |  | 6,313,762
MEMBERS' FUNDS |  |  | 6,313,762

Page 1
Page 2
Centre for the Governance of AI
Balance Sheet (continued)
As At 31 December 2025
For the period ending 31 December 2025 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board

Paul Harding Director
29/04/2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
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Centre for the Governance of AI
Notes to the Financial Statements
For the Period 7 August 2024 to 31 December 2025
Notes to the Financial Statements
1. General Information
Centre for the Governance of AI is a private company, limited by guarantee, incorporated in England & Wales, registered number 15883729 . The registered office is Third Floor, 20 Old Bailey , London, EC4M 7AN.
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. 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:

Leasehold | 5 Years Straight Line
Plant & Machinery |
Office Equipment | 3 Years Straight Line
Computer Equipment | 3 Years Straight Line

2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income and expenditure account as incurred.
2.4. 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 surplus.
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Centre for the Governance of AI
Notes to the Financial Statements (continued)
For the Period 7 August 2024 to 31 December 2025
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 and deferred tax are recognised in surplus or deficit for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Early Adoption of Amendments to FRS 102
The company has elected to early adopt the amendments to FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' issued in 2024, which are mandatorily effective for accounting periods beginning on or after 1 January 2026. The company has applied these amendments to the current financial period ended 31 December 2025 to ensure that the financial statements provide a direct comparison for the subsequent period.
The early adoption of these amendments represents a change in accounting policy, specifically regarding the recognition and measurement of leases. Under the revised requirements, the company now recognises right-of-use assets and corresponding lease liabilities on the balance sheet for all applicable lease arrangements. This change has been applied prospectively from the start of the current financial year.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 35
35
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Centre for the Governance of AI
Notes to the Financial Statements (continued)
For the Period 7 August 2024 to 31 December 2025
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Office Equipment | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 7 August 2024 | - | - | - | -
Additions | 4,119,592 | 18,064 | 103,037 | 4,240,693
As at 31 December 2025 | 4,119,592 | 18,064 | 103,037 | 4,240,693
Depreciation
As at 7 August 2024 | - | - | - | -
Provided during the period | 549,279 | 8,530 | 34,325 | 592,134
As at 31 December 2025 | 549,279 | 8,530 | 34,325 | 592,134
Net Book Value
As at 31 December 2025 | 3,570,313 | 9,534 | 68,712 | 3,648,559
As at 7 August 2024 | - | - | - | -

5. Debtors

| 31 December 2025
--- | ---
| £
Due within one year
Trade debtors | 143,497
Prepayments and accrued income | 215,709
Other debtors | 2,717
| 361,923
Due after more than one year
Rent Deposit | 423,405
| 785,328

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Centre for the Governance of AI
Notes to the Financial Statements (continued)
For the Period 7 August 2024 to 31 December 2025
6. Creditors: Amounts Falling Due Within One Year

| 31 December 2025
--- | ---
| £
Net obligations under finance lease and hire purchase contracts | 803,367
Trade creditors | 55,546
Corporation tax | 1,173
Accruals | 246,979
Amounts owed to related parties | 892
| 1,107,957

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

| 31 December 2025
--- | ---
| £
Net obligations under finance lease and hire purchase contracts | 2,759,272

8. Obligations Under Finance Leases and Hire Purchase

| 31 December 2025
--- | ---
| £
The future minimum finance lease payments are as follows:
Not later than one year | 803,367
Later than one year and not later than five years | 2,759,272
| 3,562,639
| 3,562,639

9. Related Party Transactions
During the period ending 31 December 2025 Centre For The Governance Of AI received £13,419,472 Foundation Grant Income from Centre for the Governance of AI, Inc.
In the period Centre For The Governance Of AI was charged £39,282 by Centre for the Governance of AI, Inc for shared services.
At 31 December 2025 Centre For The Governance Of AI owed £892 to Centre for the Governance of AI, Inc.
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Centre for the Governance of AI
Notes to the Financial Statements (continued)
For the Period 7 August 2024 to 31 December 2025
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
11. Ultimate Controlling Party
The company is under the control of Centre for the Governance of AI, Inc, a company incorporated in Delaware, United States, which is the sole member and ultimate controlling party.
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