Ok, from what I gather with this site, is that you get a FAA licence.
Check out this link to their site
http://www.ukft.com/AboutUs.htm#JAAExaminer
It shows that this school cannot conduct JAR training any longer, but use to be able too until they voluntarily stopped providing that service. However, there is a procedure to convert a FAA licence over to the JAR licence by doing the theory and flight test blah blah, which I can only guess is what happens at this school, as they have a UK JAR Flight examiner.
Its basically a loop-hole they have found, not shelling out the cost for a UK JAR school approval/renewal fees, and doing it as a FAA licence and then converting it over by having an JAR examiner on the payroll..
I may (and more often then not am) be totally wrong, but thats what it looks like to me.
HB