The average number of persons, including directors, employed by the company during the year was as follows:

The financial statements have been prepared on the going concern basis, assuming the company will continue operations. However, the company is in the process of winding up, expected to be completed by April 2026. Therefore, the going concern assumption is no longer applicable beyond the winding-up process, and the financial statements for the year ended 30 September 2025 do not reflect a going concern basis beyond this period.

Upwave Limited is a private company limited by shares incorporated in Scotland. The registered office is 37 Albyn Place, Aberdeen, United Kingdom, AB10 1JB.

For the year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true