Computational Mechanics International Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Computational Mechanics International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01322907 . The registered office is Ashurst Lodge, Ashurst, Southampton, Hampshire, SO40 7AA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. 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:

Freehold	2% on cost
Plant & Machinery	20% on cost and varying rates on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company 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.

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Computational Mechanics International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.9. Research

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2024: 27)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2024	4,747,833	65,734	4,813,567
Additions	-	21,097	21,097

As at 31 March 2025	4,747,833	86,831	4,834,664

Depreciation
As at 1 April 2024	2,271,881	56,765	2,328,646
Provided during the period	63,569	3,094	66,663

As at 31 March 2025	2,335,450	59,859	2,395,309

Net Book Value
As at 31 March 2025	2,412,383	26,972	2,439,355

As at 1 April 2024	2,475,952	8,969	2,484,921

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	1,894,650

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Computational Mechanics International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	104,963

As at 31 March 2025	104,963

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	104,963

As at 1 April 2024	104,963

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	21,231	12,189
Amounts owed by group undertakings	663,177	232,395
Other debtors	28,352	45,881

	712,760	290,465

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	38,829	40,103
Amounts owed to group undertakings	150,264	57,429
Other creditors	868,468	1,143,615
Taxation and social security	53,983	22,598

	1,111,544	1,263,745

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Computational Mechanics International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Related Party Transactions

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. Mr A C Brebbia and Ms I E 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 £549,059 (2024: £627,161) to Computational Mechanics International Inc and £94,924 (2024: £132,188) was owed by Computational Mechanics International Inc.

The company owed £70,542 (2024: £57,429) to WIT Press Limited.

The company was owed £663,177 (2024: £232,395) by C M Beasy Limited and owed £79,722 (2024: £23,668) in respect of a group relief claim.

During the year the company received management charges of £1,042,674 (2024: £876,940) from C M Beasy Limited and £45,803 (2024: £44,132) from WIT Press Limited.

During the year the company received rental income and service charges of £10,950 (2024: £10,200) from Wessex Institute of Technology. At the balance sheet date £3,800 (2024: £1,321) 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 £273,151 (2024: £473,151). Interest is charged on a compound basis with effect from January 2021 at a fixed rate of 3% p.a. During the year £8,395 (2024: £14,377) 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 £4,055 due to Mrs C S Brebbia (2024: £4,638).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,439,355		2,484,921
Investment Properties	5		1,894,650		1,894,650
Investments	6		104,963		104,963

			4,438,968		4,484,534
CURRENT ASSETS
Debtors	7	712,760		290,465
Cash at bank and in hand		927,966		1,120,734

		1,640,726		1,411,199
Creditors: Amounts Falling Due Within One Year	8	(1,111,544 )		(1,263,745 )

NET CURRENT ASSETS (LIABILITIES)			529,182		147,454

TOTAL ASSETS LESS CURRENT LIABILITIES			4,968,150		4,631,988

NET ASSETS			4,968,150		4,631,988

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			4,968,050		4,631,888

SHAREHOLDERS' FUNDS			4,968,150		4,631,988