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REGISTERED NUMBER: 01322907 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED

COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01322907)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs C S Brebbia
Mr A C Brebbia
Mrs I E Brebbia





SECRETARY: Mrs C S Brebbia





REGISTERED OFFICE: Ashurst Lodge
Ashurst
Southampton
Hampshire
SO40 7AA





REGISTERED NUMBER: 01322907 (England and Wales)





ACCOUNTANTS: Romsey Accountants GDT Limited
Unit 3, Shelley Farm
Shelley Lane
Ower
Romsey
Hampshire
SO51 6AS

COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01322907)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,542,049 2,608,395
Investments 5 104,963 104,963
Investment property 6 1,894,650 1,894,650
4,541,662 4,608,008

CURRENT ASSETS
Debtors 7 162,595 36,781
Cash at bank and in hand 1,024,254 1,004,691
1,186,849 1,041,472
CREDITORS
Amounts falling due within one year 8 641,175 812,260
NET CURRENT ASSETS 545,674 229,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,087,336

4,837,220

CREDITORS
Amounts falling due after more than
one year

9

500,000

500,000
NET ASSETS 4,587,336 4,337,220

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,587,236 4,337,120
SHAREHOLDERS' FUNDS 4,587,336 4,337,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01322907)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mr A C Brebbia - Director


COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01322907)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Computational Mechanics International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Certain of the company's properties are held for long term investment and in accordance with Financial Reporting Standard 102 are included in the balance sheet at their fair values. Depreciation is not provided in respect of freehold investment properties. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and subsequently transferred to a fair value reserve. Deferred tax is provided on gains at the rate expected to apply when the property is sold.

Where fair value cannot be determined without undue cost or effort investment property is accounted for as tangible fixed assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01322907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research
Expenditure on research is written off in the year in which it is incurred.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government and similar grants
Government and similar grants receivable in respect of revenue expenditure are credited as income in the same accounting period as that in which the grant-related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 24 ) .

COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01322907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 4,747,833 812,159 5,559,992
Disposals - (755,112 ) (755,112 )
At 31 March 2023 4,747,833 57,047 4,804,880
DEPRECIATION
At 1 April 2022 2,144,743 806,854 2,951,597
Charge for year 63,569 2,777 66,346
Eliminated on disposal - (755,112 ) (755,112 )
At 31 March 2023 2,208,312 54,519 2,262,831
NET BOOK VALUE
At 31 March 2023 2,539,521 2,528 2,542,049
At 31 March 2022 2,603,090 5,305 2,608,395

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 104,963
NET BOOK VALUE
At 31 March 2023 104,963
At 31 March 2022 104,963

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,894,650
NET BOOK VALUE
At 31 March 2023 1,894,650
At 31 March 2022 1,894,650

COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01322907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. INVESTMENT PROPERTY - continued

Investment properties are carried at fair value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 8,584 11,939
Amounts owed by group undertakings 138,821 -
Other debtors 15,190 24,842
162,595 36,781

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 37,995 48,941
Amounts owed to group undertakings 67,589 218,883
Taxation and social security 116,540 68,409
Other creditors 419,051 476,027
641,175 812,260

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 500,000 500,000

COMPUTATIONAL MECHANICS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 01322907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. RELATED PARTY DISCLOSURES

All business with related parties is transacted on normal commercial terms.

Mr A C Brebbia and Ms I E Brebbia are shareholders and directors of the company. Mrs C S Brebbia and Mr A C Brebbia are also directors of the company's two subsidiaries, C M Beasy Limited and WIT Press Limited.

Mr A C Brebbia is a director and shareholder in Computational Mechanics International Inc.

Mrs C S Brebbia and Mr A C Brebbia are Trustees of the Wessex Institute of Technology.

At the balance sheet date:

The company owed £364,058 (202: £450,681) to Computational Mechanics International Inc and £73,991 (2022: £67,024) was owed by Computational Mechanics International Inc.

The company owed £67,589 (2022: £2,637) to WIT Press Limited.

The company was owed £138,821 (2022: £216,246 creditor) by C M Beasy Limited and owed £28,420 in respect of a group relief claim.

During the year the company received management charges of £841,194 (2022: £78,527) from C M Beasy Limited and £99,498 (2022: £88,326) from WIT Press Limited.

During the year the company received rental income and service charges of £28,275 (2022: £34,300) from Wessex Institute of Technology. At the balance sheet date £3,264 (2022: £1,095) was due from Wessex Institute of Technology and included in debtors due within one year.

At the balance sheet date loan balances were due to Mr A C Brebbia and Ms I E Brebbia totalling £500,000 (2022: £500,000). The balances are included in creditors due after more than one year under loan agreements with the capital to be repaid fully within a period of 25 years and interest to be charged on a compound basis with effect from January 2021 at a fixed rate of 3% p.a. During the year £15,000 (2022: £15,000) interest has been charged and added to accruals due within one year.

At the balance sheet date, included in creditors due within one year was £4,984 due to Mrs C S Brebbia (2022: £4,984).