Interesting discussion and it might all come down to exactly what you study and maybe a little semantics.
Colleagues of mine have completed their basic and ADI/ADV courses at Cwmbran and received a CAA issued UK Student ATCO licence with the appropriate ratings and a yellow book, just as I did when I completed my ADI/ADV at NATS' college. On successful completion of the UTP you are awarded a "full" ATCO licence with appropriate ratings, endorsements and ULE.
I took my APP and APS courses at Cwmbran and upon completion of these I was awarded a BAE Systems (as it was then) certificate which the CAA confirmed was satisfactory to commence unit training. Upon completion of the UTP and satisfactory examination I was given a new page for my licence to add APP and APS to my existing ratings.