ACCOUNTS - Final Accounts preparation

Registered number: 09964212

JOHN LOCKE EDUCATION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

JOHN LOCKE EDUCATION LIMITED

REGISTERED NUMBER: 09964212

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	5,006		8,950
Cash at bank and in hand	5	7,641		205,690
		12,647		214,640
Creditors: amounts falling due within one year	6	(327,374)		(326,036)
Net current liabilities			(314,727)		(111,396)
Total assets less current liabilities			(314,727)		(111,396)

Net liabilities			(314,727)		(111,396)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(314,827)	(111,496)
	(314,727)	(111,396)

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JOHN LOCKE EDUCATION LIMITED

REGISTERED NUMBER: 09964212

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

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 the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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:

................................................

William Cox

Director

Date: 28 October 2026

The notes on pages 3 to 6 form part of these financial statements.

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JOHN LOCKE EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

John Locke Education Limited is a company incorporated in England and Wales with registered number 09964212. The registered address is 3rd Floor The Coade, 98 Vauxhall Walk, London, SE11 5EL. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

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.

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JOHN LOCKE EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.5

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.

2.6

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.

2.7

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.

2.8

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.

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JOHN LOCKE EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2026	2025
	No.	No.

Staff	2	2

Debtors

					2026	2025
					£	£


Other debtors	5,006	8,950
	5,006	8,950

5.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	7,641	205,690
	7,641	205,690

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other creditors	324,602	323,396
Accruals and deferred income	2,772	2,640
	327,374	326,036

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 (2025: £202).

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JOHN LOCKE EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

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 £95,000 (2025: £215,468) were incurred during the year and an amount of £324,600 remains due to John Locke Institute Inc as at the balance sheet date (2025: £321,817).

At the balance sheet date, an amount of £5,005 (2025: £8,950) was due from the shareholder, Martin Cox. The balance is unsecured, interest free, and repayable on demand.

9.	Controlling party

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

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