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

Executive Chairman

Via First Sentinel

 

First Sentinel


Corporate Adviser

Brian Stockbridge

+44 7858 888 007 

 

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 investments

(39,237)

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 payables                                                                                     

74,606


Total liabilities

74,606

 

Total equity and liabilities

5,883,282

 




 

A close-up of a logo AI-generated content may be incorrect.
 

Signed by:

Nicholas Lyth                                                      

              Director

28 January 2025

 

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