BLUE STAR CAPITAL PLC

• ⚠

  Material uncertainty over going concern

  We draw your attention to note 1 to the financial statements, which indicates that the Company is reliant on future fund raisings to continue its activities as budgeted. Should future fund raisings be unsuccessful, this will impact on the Company's plans. As stated in note 1, this condition indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

1. BLUE STAR CAPITAL PLC 2004-09-16 → present
2. BLUE CAPITAL PLC 2004-08-10 → 2004-09-16
3. RANGERCLASS PUBLIC LIMITED COMPANY 2004-07-08 → 2004-08-10

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Adler Shine LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw your attention to note 1 to the financial statements, which indicates that the Company is reliant on future fund raisings to continue its activities as budgeted. Should future fund raisings be unsuccessful, this will impact on the Company's plans. As stated in note 1, this condition indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “In December 2024 the Company implemented a 200 to 1 share consolidation.”
• “On 26 June 2025 the Company announced that it had agreed a share swap with the two largest shareholders in SatoshiPay to exchange shares in Blue Star.”
• “In early July, the Company successfully raised £1.15 million, the principal purpose of which was to provide SatoshiPay with a loan.”
• “On 7 October 2025, the Company announced that it had subscribed for €250,000 in SatoshiPay Limited via a Simple Agreement for Future Equity (SAFE Note).”
• “On 5 January 2026, the Directors were awarded warrants over ordinary shares in the Company as partial remuneration in lieu of salary.”
• “On 23 February 2026, the Company announced that: It had subscribed for €250,000 in SatoshiPay Limited via a Simple Agreement for Future Equity (SAFE Note). It had entered into a further Simple Agreement for Future Equity (SAFE Note) for €293,634. Both these SAFE Notes will be off-set against the loan provided to SatoshiPay (refer to note 13). In addition, the Company will receive a cash payment of €115,000 as a further partial repayment of the Loan.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

12

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +5,274.7%

  £5,828 → £313,236

• Net assets

  +205.7%

  £937,381 → £2,865,895

• Employees

  +50%

  2 → 3

• Operating profit

  +85.2%

  -£4,492,364 → -£666,885

• Profit before tax

  +85.2%

  -£4,491,966 → -£665,606

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers