Audrey GmbH

Wonderway GmbH (vormals: vormals: Wonderwerk GmbH)

Berlin

Jahresabschluss zum Geschäftsjahr vom 01.01.2021 bis zum 31.12.2021

Bilanz

Aktiva

Anhang

Notes to the annual financial statement

General information on the company

The Wonderwerk GmbH is based in Berlin. It is registered in the commercial register of district court Berlin (Charlottenburg) under 197662.

General information regarding the annual financial statement

According to the size classes of Section 267 HGB, the company is a small corporation. It also fulfils the size characteristics of a micro corporation in accordance with Section 267a of the German Commercial Code. Size-dependent simplifications in the preparation of the annual financial statement were partially used (Sections 276, 288 HGB).

The accounting and valuation principles applied correspond to the principles of proper accounting. The principles of individual valuation and going concern, the principle of prudence and the principle of continuity of valuation were observed.

The balance sheet and the income statement were structured in accordance with Sections 266, 268 and 275, 277 HGB. The total cost method has been applied for preparing the income statement.

Information on accouting and valuation

The annual financial statement was prepared on the basis of the accounting regulations of the German Commercial Code (HGB) and, if necessary, additional regulations of the GmbH law (GmbHG) and the articles of association.

After thorough examination, the management believes that the continuation of the company as a going concern is most probable.

The accounting and valuation methods applied are given below in detail:

The tangible fixed assets were reported at acquisition or production cost and, as far as they are depreciable, reduced by scheduled depreciation.

Depreciation is performed using the linear method, taking into account the normal useful life. Depreciation is calculated pro rata temporis for additions.

Movable fixed assets with acquisition costs up to EUR 800.00 were written off in full in the year of acquisition and reported as disposals in the asset schedule for the fiscal year.

The receivables and other assets are generally valued at their nominal value. All high-risk items are taken into account through appropriate value adjustments. The general credit risk was taken into account by way of a general value adjustment of 1% on the net receivables.

Cash in hand and cash at bank were recognized at nominal value.

Deferred expenses includes payments made before the balance sheet date that represent expenses for a certain period after the reporting date.

The subscribed capital is also stated at nominal value.

All risks existing on the reporting date, insofar as they were discernible up to the preparation of the annual financial statements, are accounted for by the establishment of adequate provisions. They are valued at the amount repayable in accordance with prudent business practice (i.e. inclusive of future cost and price escalations). Provisions with a remaining term of more than one year are discounted using the average market interest rate for the past seven fiscal years.

The liabilities are recognized at the settlement amount.

Deferred income includes payments received before the reporting date that represents income for a period after the reporting date.

Explanations to the balance sheet

Fixed assets

The development of the assets included in the balance sheet is shown in an annex to the notes (asset schedule).

Equity

The subscribed capital amounts to EUR 25,000.00, is fully paid up and has not changed compared to the previous year.

The net accumulated profit/loss developed as follows:

Liabilities and contingent liabilities

The liabilities have the following residual terms:

Other liabilities include liabilities to shareholders in the amount of EUR 2,264,226.80

Other information

Number of employees

The average number of employees in the fiscal year 2021 amounted to 12.

Management

Managing Director with sole power of representation and exempt from the restrictions of Section 181 BGB (German Civil Code) in the fiscal year 2021 was:

- Mr. Till-Niklas Leinen, Berlin bis 04.03.2021

- Mr. Bowen Moody, Berlin ab 05.03.2021

sonstige Berichtsbestandteile

Angaben zur Feststellung:

Der Jahresabschluss wurde am 11.07.2022 festgestellt.