| edX Boot Camps (UK) Limited |
| Registered number: |
11172271 |
| Statement of Financial Position |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
|
18,163,575 |
|
|
19,168,825 |
| Cash at bank and in hand |
|
|
|
144,756 |
|
|
152,127 |
|
|
|
|
18,308,331 |
|
|
19,320,952 |
|
| Liabilities: amounts falling due within one year |
4 |
|
|
(19,596,510) |
|
|
(20,597,775) |
|
| Net current liabilities |
|
|
|
(1,288,179) |
|
|
(1,276,823) |
|
| Net liabilities |
|
|
|
(1,288,179) |
|
|
(1,276,823) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(1,288,279) |
|
|
(1,276,923) |
|
| Shareholders' funds |
|
|
|
(1,288,179) |
|
|
(1,276,823) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Lillian Brownstein |
| Director |
| Approved by the board on 23 September 2026 |
|
| edX Boot Camps (UK) Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern |
|
The operations of the company have been wound down from 1 January 2026 and the company has ceased most trading operations. The financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. |
|
|
Revenue recognition |
|
Revenue is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods and services provided in the normal course of business, net of trade discounts and volume rebates, and value added tax.
|
|
|
Course and Programme Revenues |
|
Revenue is recognised at fair value of the amount receivable over the period of the programme delivery. Any course and programme revenue received in advance is presented as deferred income in the Statement of Financial Position and recognised as revenue over the period of the programme delivery. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
We transact material business in foreign currencies and are exposed to risks resulting from fluctuations in foreign currency exchange rates. Our primary exposures are related to non-GBP denominated revenue and operating expenses in the United States and South Africa. Accounts relating to foreign operations are translated into GBP using prevailing exchange rates at the relevant period end. As a result, we would experience increased revenue and operating expenses in our non-U.K. operations if there were a decline in the value of the GBP relative to these foreign currencies. Conversely, we would experience decreased revenue and operating expenses in our non-GBP operations if there were an increase in the value of the GBP relative to these foreign currencies. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
25,483 |
|
55,748 |
|
Other debtors |
18,138,092 |
|
19,113,077 |
|
|
|
|
|
|
18,163,575 |
|
19,168,825 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
339,687 |
|
953,437 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Liabilities: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
- |
|
335 |
|
Deferred revenue |
- |
|
13,583 |
|
Other payables |
19,596,510 |
|
20,583,857 |
|
|
|
|
|
|
19,596,510 |
|
20,597,775 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
edX Boot Camps (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
27 Old Gloucester Street |
|
London |
|
WC1N 3AX |
|
|
The presentation currency is £ sterling. |