UNDERTOW CIC

Company limited by guarantee

Company Registration Number:
15445155 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2026

Period of accounts

Start date: 1 February 2025

End date: 31 January 2026

UNDERTOW CIC

Contents of the Financial Statements

for the Period Ended 31 January 2026

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

UNDERTOW CIC

Directors' report period ended 31 January 2026

The directors present their report with the financial statements of the company for the period ended 31 January 2026

Directors

The director shown below has held office during the whole of the period from
1 February 2025 to 31 January 2026

Dr Katriona LEWIS


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
30 October 2026

And signed on behalf of the board by:
Name: Dr Katriona LEWIS
Status: Director

UNDERTOW CIC

Profit And Loss Account

for the Period Ended 31 January 2026

2026 2025


£

£
Turnover: 0 38,583
Cost of sales: ( 6,082 ) ( 27,668 )
Gross profit(or loss): (6,082) 10,915
Administrative expenses: ( 750 ) ( 1,120 )
Operating profit(or loss): (6,832) 9,795
Profit(or loss) before tax: (6,832) 9,795
Profit(or loss) for the financial year: (6,832) 9,795

UNDERTOW CIC

Balance sheet

As at 31 January 2026

Notes 2026 2025


£

£
Current assets
Cash at bank and in hand: 2,947 9,795
Total current assets: 2,947 9,795
Net current assets (liabilities): 2,947 9,795
Total assets less current liabilities: 2,947 9,795
Total net assets (liabilities): 2,947 9,795
Members' funds
Profit and loss account: 2,947 9,795
Total members' funds: 2,947 9,795

The notes form part of these financial statements

UNDERTOW CIC

Balance sheet statements

For the year ending 31 January 2026 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 30 October 2026
and signed on behalf of the board by:

Name: Dr Katriona LEWIS
Status: Director

The notes form part of these financial statements

UNDERTOW CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

UNDERTOW CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 1 1

COMMUNITY INTEREST ANNUAL REPORT

UNDERTOW CIC

Company Number: 15445155 (England and Wales)

Year Ending: 31 January 2026

Company activities and impact

The main focus was Undertow Story School, the remote writing school launched in the previous year. It continued to offer participatory writing opportunities and paid teaching work for local artists and writers, supporting skills development and the local creative economy. The company also continued to build on the outputs of Statement of Asylum, including the collective poem created with refugees and asylum seekers and projected onto the Turner Contemporary. This maintained public awareness of the lived experience of asylum and migration and the reach established in the previous year. All income and any surplus generated by Undertow CIC was applied solely towards the furtherance of its community benefit objectives.

Consultation with stakeholders

No consultation with stakeholders

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
30 October 2026

And signed on behalf of the board by:
Name: Dr Katriona LEWIS
Status: Director