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REGISTERED NUMBER: 07829781 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 APRIL 2025 |

| FOR |

| STAR HAT SOLUTIONS LIMITED |

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

STAR HAT SOLUTIONS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | R Asenov

| J R Cwajna

| T D R McLachlan

| W T M Newton

| C D Ward

| REGISTERED OFFICE: | 37-39 Southgate Street

| Winchester

| England

| SO23 9EH

| REGISTERED NUMBER: | 07829781 (England and Wales)

| ACCOUNTANTS: | Orcom Civvals Limited

| Accountants

| 50 Seymour Street

| London

| W1H 7JG

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

BALANCE SHEET

30 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 25,151 |  | 16,276 |  |

Tangible assets | 5 | 1,675 |  | 6,499 |  |

Investments | 6 | 850 |  | - |  |

27,676 |  | 22,775 |  |

CURRENT ASSETS

Debtors | 7 | 168,751 |  | 244,362 |  |

Cash at bank | 167,787 |  | 102,091 |  |

336,538 |  | 346,453 |  |

CREDITORS

Amounts falling due within one year | 8 | (113,867 | ) | (102,506 | ) |

NET CURRENT ASSETS | 222,671 |  | 243,947 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 250,347 |  | 266,722 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (11,667 | ) | (19,098 | ) |

NET ASSETS | 238,680 |  | 247,624 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Share premium | 124,750 |  | 124,750 |  |

Retained earnings | 112,930 |  | 121,874 |  |

238,680 |  | 247,624 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

BALANCE SHEET - continued

30 APRIL 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

C D Ward - Director

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Star Hat Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The directors have undertaken an assessment of going concern for a period of 12 months from the date of these accounts and have assessed the going concern position having regard the available information including sales and cash flow forecasts.

| Having obtained both US and European patents for the company's unique Blockchain technology it is in a strong position to attract new profitable business and fund the ongoing software solutions development programme.

| The directors are of the opinion that the company has adequate resources to continue in operational existence for the foreseeable future and have concluded that the going concern basis of accounting used in these financial statements is appropriate.

| Judgments in applying accounting policies and key sources of estimation unc

| The directors do apply their judgements in assessing the need for provisions, in particular those in relation to bad and doubtful debts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2024 - 10 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 May 2024 | 16,276 |  |

| Additions | 11,670 |  |

| At 30 April 2025 | 27,946 |  |

| AMORTISATION

| Charge for year | 2,795 |  |

| At 30 April 2025 | 2,795 |  |

| NET BOOK VALUE

| At 30 April 2025 | 25,151 |  |

| At 30 April 2024 | 16,276 |  |

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 850 |  | 15,897 |  | 16,747 |  |

| Disposals | (850 | ) | - |  | (850 | ) |

| At 30 April 2025 | - |  | 15,897 |  | 15,897 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 10,248 |  | 10,248 |  |

| Charge for year | - |  | 3,974 |  | 3,974 |  |

| At 30 April 2025 | - |  | 14,222 |  | 14,222 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  | 1,675 |  | 1,675 |  |

| At 30 April 2024 | 850 |  | 5,649 |  | 6,499 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 850 |  |

| At 30 April 2025 | 850 |  |

| NET BOOK VALUE

| At 30 April 2025 | 850 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 35,711 |  | 120,324 |  |

| Other debtors | 133,040 |  | 124,038 |  |

168,751 |  | 244,362 |  |

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 6,197 |  | 6,197 |  |

| Trade creditors | 2,092 |  | 1,360 |  |

| Taxation and social security | 89,176 |  | 79,211 |  |

| Other creditors | 16,402 |  | 15,738 |  |

113,867 |  | 102,506 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 11,667 |  | 19,098 |  |

10. | RELATED PARTY DISCLOSURES

| Throughout the year the following sums were owed by the directors: C Ward £251, W Newton £251. These amounts were still outstanding at the year end and included in sundry debtors.

11. | PENSION COMMITMENTS

| The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £29,444 (April 2024 - £27,539) . Contributions totalling £4,807 (April 2024 - £4,370) were payable to the fund at the reporting date and are included in creditors.

12. | COMMITMENTS UNDER OPERATING LEASES

| The Company had no commitments under non-cancellable operating leases at the reporting date.