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# OVERLOOKED AND UNDERESTIMATED CIC

## Company Registration Number:
14903594 (England and Wales)

## Unaudited statutory accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 1 June 2024

## End date: 31 May 2025

# OVERLOOKED AND UNDERESTIMATED CIC

## Contents of the Financial Statements

for the Period Ended 31 May 2025

Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# OVERLOOKED AND UNDERESTIMATED CIC

## Balance sheet

As at 31 May 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: | 3 | 0 | 142
Tangible assets: |  | 0 | 0
Investments: |  | 0 | 0
Total fixed assets: |  | 0 | 142
Current assets
Stocks: |  | 0 | 0
Debtors: |  | 0 | 0
Cash at bank and in hand: |  | 5,241 | 58
Investments: |  | 0 | 0
Total current assets: |  | 5,241 | 58
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 4 | ( 3,733 ) | 0
Net current assets (liabilities): |  | 1,508 | 58
Total assets less current liabilities: |  | 1,508 | 200
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 1,508 | 200
Capital and reserves
Called up share capital: |  | 200 | 200
Share premium account: |  | 0 | 0
Other reserves: |  | 0 | 0
Profit and loss account: |  | 1,308 | 0
Total Shareholders' funds: |  | 1,508 | 200

The notes form part of these financial statements

# OVERLOOKED AND UNDERESTIMATED CIC

## Balance sheet statements

For the year ending 31 May 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 8 June 2026
and signed on behalf of the board by:

Name: Kevin Withane
Status: Director

The notes form part of these financial statements

# OVERLOOKED AND UNDERESTIMATED CIC

## Notes to the Financial Statements

for the Period Ended 31 May 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

# OVERLOOKED AND UNDERESTIMATED CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# OVERLOOKED AND UNDERESTIMATED CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 3. Intangible assets

| Goodwill | Other | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 1 June 2024 | 142 | 0 | 142
Additions | 0 | 0 | 0
Disposals | ( 142 ) | 0 | ( 142 )
Revaluations | 0 | 0 | 0
Transfers | 0 | 0 | 0
At 31 May 2025 | 0 | 0 | 0
Amortisation |  |  |
At 1 June 2024 | 0 | 0 | 0
Charge for year | 0 | 0 | 0
On disposals | 0 | 0 | 0
Other adjustments | 0 | 0 | 0
At 31 May 2025 | 0 | 0 | 0
Net book value |  |  |
At 31 May 2025 | 0 | 0 | 0
At 31 May 2024 | 142 | 0 | 142

# OVERLOOKED AND UNDERESTIMATED CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 4. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Trade creditors | 0 | 0
Taxation and social security | 3,733 | 0
Accruals and deferred income | 0 | 0
Other creditors | 0 | 0
Total | 3,733 | 0

# COMMUNITY INTEREST ANNUAL REPORT

### OVERLOOKED AND UNDERESTIMATED CIC

### Company Number: 14903594 (England and Wales)

### Year Ending: 31 May 2025

Company activities and impact

The company is provides support, guidance, education, connection, network and funding opportunities to underestimated founders. Specifically the company supports entrepreneurs who identify as: female person of colour LGBTQIA+ neurodivergent disabled first time founder over the age of 50 founder from socio-economically disadvantaged background, collectively, the ''community'' The community has existed since 2021, but the company was incorporated in May 2023 to formally support the community. The activities of the company during the financial year 1 June 2024 to 31 May 2025 have benefitted the community in the following ways: increased networking opportunities via regular weekly calls where founders were able to explore issues they were facing and crowd-source feedback to help overcome those business challenges - 30 one hour calls held across the financial year (drop of 6 on previous year) 10 underestimated founders went through a 12 week in-person funding readiness program (free of charge to them, which culminated in a pitch day - with a number going on to raise investment or increase their monthly recurring revenue. Held a Learning and Networking Day conference in October 2024, where we had an array of speakers giving talks ranging from what investors look for in entrepreneurs, personal branding, to inspirational talk by former female boxing champion. Attended by over 35 founders attended the learning sessions and over 100 attended the networking. Held a pitch competition and donated £1000 as a grant to the winner. Launched a wellbeing platform, Healthy Minds Club to members in the community Held over 30 co-working and networking day events across two locations in London.

Consultation with stakeholders

Utilised technology to run regular WhatsApp polls in order to get greatest cross-section of member feedback engagement. Polls included feedback on support calls and networking days as well as requests for guidance on learning sought by members and what additional support was required. Key outcomes: 1. Greater need for local chapters to facilitate in-person local events outside of London. 2. Improved opportunities to access outside capital. These two areas a keys areas of focus in financial year 2025/2026.

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
8 June 2026

And signed on behalf of the board by:
Name: Kevin Withane
Status: Director