Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 3 December 2025 1 April 2024 31 March 2025 31 March 2025 OC326074 Mr M A Cockburn Mr P J Taylor Mr A Hajos Mr G Keane CEPA Holdings Limited Mr W F Rickett Mr T D Cochrane Ms G Y Mather iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC326074 2024-03-31 OC326074 2025-03-31 OC326074 2024-04-01 2025-03-31 OC326074 frs-core:CurrentFinancialInstruments 2025-03-31 OC326074 frs-core:Non-currentFinancialInstruments 2025-03-31 OC326074 frs-core:MotorVehicles 2025-03-31 OC326074 frs-core:MotorVehicles 2024-04-01 2025-03-31 OC326074 frs-core:MotorVehicles 2024-03-31 OC326074 frs-core:WithinOneYear 2025-03-31 OC326074 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC326074 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC326074 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC326074 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC326074 frs-bus:Audited 2024-04-01 2025-03-31 OC326074 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC326074 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC326074 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC326074 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC326074 frs-bus:PartnerLLP3 2024-04-01 2025-03-31 OC326074 frs-bus:PartnerLLP4 2024-04-01 2025-03-31 OC326074 frs-bus:PartnerLLP5 2024-04-01 2025-03-31 OC326074 frs-bus:PartnerLLP6 2024-04-01 2025-03-31 OC326074 frs-bus:PartnerLLP7 2024-04-01 2025-03-31 OC326074 frs-bus:PartnerLLP8 2024-04-01 2025-03-31 OC326074 2023-03-31 OC326074 2024-03-31 OC326074 2023-04-01 2024-03-31 OC326074 frs-core:CurrentFinancialInstruments 2024-03-31 OC326074 frs-core:Non-currentFinancialInstruments 2024-03-31 OC326074 frs-core:BetweenOneFiveYears 2024-03-31 OC326074 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC326074 frs-core:WithinOneYear 2024-03-31
Registered number: OC326074
CEPA LLP
Financial Statements
For The Year Ended 31 March 2025
CEPA LLP
Contents
Contents
Page
Members' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
CEPA LLP
Registered No. OC326074
Members' Report For The Year Ended 31 March 2025
Members' Report
The members present their report and the financial statements for the year ended 31 March 2025.
Qualifying Third-party and Pension Scheme Indemnity Provision
All members are entitled to contractual indemnification from the LLP to the extent permitted by law against claims and legal expenses incurred in the courses of their duties. Such qualifying third party indemnity insurance is provided and remains in force as at the date of approving the Member's Report.
Going concern
After thorough evaluation of future developments and revenue projections for CEPA, the Members firmly affirm its status as a going concern. The financial statements are crafted under this premise, reflecting a robust belief in CEPA's ability to maintain adequate resources to meet its ongoing obligations and regulatory requirements for a minimum of 12 months from the statutory account signing date. This conviction is underpinned by the current cash reserves of CEPA and the anticipated inflow of future revenue streams. The members' assessment of CEPA's going concern status also encompassed a diligent examination of the impact of any regulatory changes in the UK and EU along with the current conflicts in Europe and Middle East.
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Page 2
CEPA LLP
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: OC326074
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 6 42,718 47,215
42,718 47,215
CURRENT ASSETS
Debtors 7 4,449,811 3,316,345
Cash at bank and in hand 433,104 328,335
4,882,915 3,644,680
Creditors: Amounts Falling Due Within One Year 8 (3,301,136 ) (2,662,301 )
NET CURRENT ASSETS (LIABILITIES) 1,581,779 982,379
TOTAL ASSETS LESS CURRENT LIABILITIES 1,624,497 1,029,594
Creditors: Amounts Falling Due After More Than One Year 9 - (29,062 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,624,497 1,000,532
REPRESENTED BY:
Loans and other debts due to members
Other amounts 1,624,497 1,000,532
1,624,497 1,000,532
1,624,497 1,000,532
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 1,624,497 1,000,532
1,624,497 1,000,532
Page 2
Page 3
CEPA LLP
Balance Sheet (continued)
As At 31 March 2025
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
The financial statements were approved by the members on 3 December 2025 and were signed on their behalf by:
Mr M A Cockburn
Designated Member
Mr P J Taylor
Designated Member
3rd December 2025
The notes on pages 4 to 8 form part of these financial statements.
Page 3
Page 4
CEPA LLP
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
CEPA LLP is a limited liability partnership, incorporated in England & Wales, registered number OC326074 . The Registered Office is Queens House, 55-56 Lincoln's Inn Fields, London, WC2A 3LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
2.2. Significant judgements and estimations
The preparation of financial statement in conformity with FRS 102 1A requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies.
Estimates and judgements are continually evaluated and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Work in progress in respect of revenue recognition is based on judgements made in respect of the ultimate profitability of a contract. Such judgements are arrived at through the use of estimates in relation to the costs and value of work performed to date and to be performed in bringing contracts to completion. The LLP has appropriate procedures to ensure all estimates are determined on a consistent basis and subject to appropriate review and authorisation.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
46% of the LLP's turnover (2024 - 29%) is attributable to geographical markets outside the United Kingdom.
2.4. 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:
Motor Vehicles Straight line 8%
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CEPA LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.5. 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 LLP. 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 profit and loss 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 profit and loss account as incurred.
2.6. 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 profit. 
The financial statements are prepared in Great British Pound (£), which is the LLP's functional and reporting currency. 
2.7. Pensions
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
3. Auditor's Remuneration
Remuneration received by the LLP's auditors and their associates during the year was as follows:
2025 2024
as restated
£ £
Audit Services
Audit of the company's financial statements 5,114 9,600
4. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 41 (2024: 38)
41 38
5. Prior Period Adjustment
In accordance with FRS 102 1A, certain adjustments have been made to the financial statements for the year ended 31 March 2025, impacting the comparative figures for the year ended 31 March 2024. These adjustments relate to the reclassification of deferred income to other creditors. Details of the adjustments are as follows:
Other debtors
The balance of other debtors for the year ended 31 March 2024 has been revised from £2,344,711 to £2,400,674.
This revision is due to the reclassification of deferred income, initially netted off within other debtors. An amount of £55,963. has been reallocated from other debtors to other creditors.
These adjustments result in the following changes to comparative figures:
An increase in other debtors by £55,963.
An increase in other creditors by £55,963.
...CONTINUED
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Page 6
CEPA LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Prior Period Adjustment - continued
Alternative presentation was deemed appropriate to ensure compliance with FRS102 1A.
6. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2024 56,208
As at 31 March 2025 56,208
Depreciation
As at 1 April 2024 8,993
Provided during the period 4,497
As at 31 March 2025 13,490
Net Book Value
As at 31 March 2025 42,718
As at 1 April 2024 47,215
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
as restated
£ £
Motor Vehicles 42,718 47,215
7. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 1,574,590 915,671
Other debtors 2,875,221 2,400,674
4,449,811 3,316,345
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Page 7
CEPA LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Net obligations under finance lease and hire purchase contracts 29,063 68
Trade creditors 251,249 138,258
Other creditors 2,536,556 1,929,920
Taxation and social security 484,268 594,055
3,301,136 2,662,301
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Net obligations under finance lease and hire purchase contracts - 29,062
10. Secured Creditors
Lloyds Bank Plc holds a first fixed legal charge, dated 27 July 2023, over all deposits with the Bank's Treasury Division from time to time in the name of the Bank re the Depositer (in whatever currency denominated).
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,492 1,783
Later than one year and not later than five years - 30,492
30,492 32,275
Less: Finance charges allocated to future periods 1,429 3,145
29,063 29,130
12. Other Commitments
At 31st March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £6,738 (2024 - £10,107).
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Page 7
Page 8
CEPA LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
14. Audit Information
The auditor's report on the accounts of CEPA LLP for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Naresh Sarna FCA (Senior Statutory Auditor) for and on behalf of Chancellers LLP , Statutory Auditor.
Chancellers LLP
64 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP
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