Supernova Digital - Management Accounts
06/02/2025 14:48
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250206:nRSF2320Wa&default-theme=true
RNS Number : 2320W Supernova Digital Assets PLC 06 February 2025
This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
06 February 2025
Supernova Digital Assets PLC
("Supernova" or the "Company")
Management Accounts for the period of 01 November 2023 to 31 October 2024
Supernova (AQSE: SOL) announces its unaudited management accounts for the
period 01 November 2023 to 31 October 2024.
The management accounts have not been audited, and the numbers are subject to
change. They have been prepared for the purpose of the Company's buyback of
shares.
The Directors of Supernova accept responsibility for this announcement.
For further information please contact:
Supernova Digital Assets
Mike Edwards Via First Sentinel
Executive Chairman
First Sentinel
Corporate Adviser +44 7858 888 007
Brian Stockbridge
About Supernova Digital Assets:
The Company will look to identify investment and business building
opportunities in the high growth Solana and crypto currency ecosystem. The
Board intends to deploy the majority of the Company's cash resources in the
acquisition of minority interests in a number of different, yet to be
identified, companies in the broad Solana and crypto currency ecosystem, and
to apply expertise to the business operations and strategic plans of these
companies. The experience, operational skills and contacts of the Board are
intended to act as an accelerator to start-ups and early-stage companies to
maximise their profit opportunity. It is anticipated that returns to
Shareholders will be delivered through a combination of an appreciation in the
Company's share price and through the adoption of a progressive dividend
policy. The Company's Directors have an established track record, experience
and networks in the crypto currency sector, digital assets management, as well
as the media industry to drive value creation.
Management Accounts prepared for the buyback of shares by the Company for the
twelve-month period 01 November 2023 to 31 October
2024
Supernova Digital Assets PLC
Registered Number 12291603
Statement of Comprehensive Income
As at 31 October 2024
Period from
1 Nov 2023 to
31 Oct 2024
£
Revenue 113,767
Profit/(loss) on disposal of digital assets and tokens 77,584
Profit/(loss) on disposal of investments 74,300
Fair valuation movements (including impairment and exchange differences) in (39,237)
investments
Fair valuation movements in digital assets and tokens 2,695,116
2,921,530
Share based payment -
Administrative expenses (511,443)
Amortisation -
Operating Profit 2,410,087
Finance income -
Profit before taxation 2,410,087
Taxation -
Profit after taxation and total comprehensive profit for the year 2,410,087
Supernova Digital Assets PLC
Registered Number 12291603
Statement of Financial Position
As at 31 October 2024
31 Oct 2024
£
Non-Current Assets
Intangible assets 3,951,582
Investments 1,867,581
Deferred tax asset -
Total non-current assets 5,819,163
Current Assets
Trade and other receivables 4,349
Cash and cash equivalents 59,770
Total current assets 64,119
Total assets 5,883,282
Shareholders' equity
Share capital 1,603,226
Share premium -
Share based payments reserve 922,909
Distributable reserve 9,891,612
Fair Value Reserve 3,197,822
Retained earnings (9,806,893)
Total shareholders' equity 5,808,676
Current Liabilities
Trade and other 74,606
payables
Total liabilities 74,606
Total equity and liabilities 5,883,282
Signed by:
Nicholas Lyth
Director
28 January 2025
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END NEXBSGDDLSGDGUL