Management Accounts

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	[phone]

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

 

Signed by:

Nicholas Lyth                                                      

              Director

28 January 2025

 

END