COUNTERMINERS CIC

Company limited by guarantee

Company Registration Number:
15397148 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 8 January 2024

End date: 31 January 2025

COUNTERMINERS CIC

Contents of the Financial Statements

for the Period Ended 31 January 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

COUNTERMINERS CIC

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal activities of the company

The company is a Community Interest Company delivering community-focused arts activities, including co-producing work by emerging artists and supporting new writing development.

Political and charitable donations

There were no political or charitable donations.

Company policy on disabled employees

The company is committed to equal opportunities, including making reasonable adjustments to improve access to activities and employment - though any engagement in this year was with contractors, rather than official employees - the sentiment remains.



Directors

The director shown below has held office during the whole of the period from
8 January 2024 to 31 January 2025

Lew Forman

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 September 2025

And signed on behalf of the board by:
Name: Lew Forman
Status: Director

COUNTERMINERS CIC

Profit And Loss Account

for the Period Ended 31 January 2025

13 months to 31 January 2025


£
Turnover: 8,657
Cost of sales: ( 10,421 )
Gross profit(or loss): (1,764)
Distribution costs: 0
Administrative expenses: ( 11 )
Other operating income: 0
Operating profit(or loss): (1,775)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (1,775)
Tax: 0
Profit(or loss) for the financial year: (1,775)

COUNTERMINERS CIC

Balance sheet

As at 31 January 2025

Notes 13 months to 31 January 2025


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors: 3 3,709
Cash at bank and in hand: 0
Investments:   0
Total current assets: 3,709
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 3,709
Total assets less current liabilities: 3,709
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 3,709
Members' funds
Profit and loss account: 3,709
Total members' funds: 3,709

The notes form part of these financial statements

COUNTERMINERS CIC

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 September 2025
and signed on behalf of the board by:

Name: Lew Forman
Status: Director

The notes form part of these financial statements

COUNTERMINERS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the fair value of consideration receivable for the company’s activities, excluding VAT and amounts collected on behalf of third parties. Ticket sales are recognised as revenue when the related performance takes place. Production and settlement fees and similar income are recognised over the period in which the related services are provided, when recovery is probable and the amount can be measured reliably. Agency and pass-through amounts, including funds received and paid on behalf of partners, promoters, artists or venues, are excluded from turnover and recorded as movements in balance sheet items where applicable.

    Tangible fixed assets depreciation policy

    Depreciation is charged to spread the cost of tangible fixed assets over their estimated useful lives on a straight-line basis, with no residual values unless otherwise stated. The main rates are: Equipment and fixtures: 25% per year straight line. Computer equipment: 33% per year straight line. Depreciation starts when the asset is available for use. Assets costing less than the company’s capitalisation threshold are written off to profit or loss when incurred. Impairment reviews are carried out if events or changes in circumstances suggest that the carrying value may not be recoverable.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are recorded at cost less accumulated amortisation and impairment. Amortisation is charged on a straight-line basis over the asset’s estimated useful life from the date it is available for use. Typical useful lives are: Software and website development: 3 years. Other intangible assets: over the period of expected economic benefit, not more than 5 years. Expenditure that does not meet the recognition criteria is written off to profit or loss when incurred. Impairment reviews are carried out if indicators of impairment arise.

COUNTERMINERS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    13 months to 31 January 2025
    Average number of employees during the period 0

COUNTERMINERS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Debtors

13 months to 31 January 2025
£
Trade debtors 0
Prepayments and accrued income 0
Other debtors 3,709
Total 3,709
Debtors due after more than one year: 0

COUNTERMINERS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Financial Commitments

The company is committed to acting in the best interests of the artists it aims to support. Expenditure and contractual commitments are undertaken on a prudent basis to ensure that resources are used effectively and in line with the company’s objectives. Where financial commitments are entered into, the company seeks to balance its own sustainability with fair and transparent arrangements for artists and collaborators. No material financial commitments existed at the balance sheet date other than those disclosed in these accounts.

COUNTERMINERS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Loans to directors

Name of director receiving advance or credit: Lew Forman
Description of the transaction:
An interest-free loan to the director, repayable on demand.
£
Balance at
Advances or credits made: 3,709
Advances or credits repaid:
Balance at 31 January 2025 3,709

COMMUNITY INTEREST ANNUAL REPORT

COUNTERMINERS CIC

Company Number: 15397148 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

During the financial year, the company delivered community-focused arts and engagement activities that increased access to cultural production and development opportunities for emerging practitioners. We co-produced three Edinburgh Fringe shows led by emerging artists, providing producing support, rehearsal space access, marketing guidance, and budget oversight. These projects enabled early-career artists to present work at a nationally significant platform, reach new audiences, and build professional networks. We also supported two new play readings by early-stage writers, offering dramaturgical feedback, casting support, and facilitated audience discussions. This low-cost development route helped writers test material, receive structured feedback, and progress towards full production. The broader impact included reducing barriers to entry by subsidising production and development costs and sharing resources, growing audiences through accessible ticketing and targeted outreach, and building participants’ skills in producing, marketing, and fundraising. Beneficiaries included emerging artists and writers, local audiences, and community partners who gained increased cultural provision, with outcomes evidenced through attendance figures, participant testimonials, and follow-up engagement leading to further development opportunities.

Consultation with stakeholders

Yes. We consulted stakeholders throughout the year using open calls, post-event surveys, informal feedback sessions, and direct conversations with artists, partners, and audiences. We invited input on programming priorities, access needs, scheduling, and pricing, and we shared draft plans for comment before confirming projects. Feedback led to clearer marketing materials, adjusted rehearsal schedules, additional access provisions, and a revised budget split for Fringe projects to reduce upfront costs for emerging artists. We will continue this consultation cycle in the next period, publishing a short summary of changes after major projects.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 September 2025

And signed on behalf of the board by:
Name: Lew Forman
Status: Director