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| Date | 6 Feb 2025 |
| Time | 14:48:43 |
| Category | Miscellaneous |
| ID | 2320W |
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:
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Supernova Digital Assets |
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Mike Edwards Executive Chairman |
Via First Sentinel
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First Sentinel |
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Corporate Adviser Brian Stockbridge |
+44 7858 888 007
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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
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Supernova Digital Assets PLC Registered Number 12291603 Statement of Comprehensive Income As at 31 October 2024 |
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Period from 1 Nov 2023 to 31 Oct 2024 |
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£ |
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Revenue |
113,767 |
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Profit/(loss) on disposal of digital assets and tokens |
77,584 |
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Profit/(loss) on disposal of investments |
74,300 |
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Fair valuation movements (including impairment and exchange differences) in investments |
(39,237) |
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Fair valuation movements in digital assets and tokens |
2,695,116 |
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2,921,530 |
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Share based payment |
- |
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Administrative expenses |
(511,443) |
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Amortisation |
- |
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Operating Profit |
2,410,087 |
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Finance income |
- |
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Profit before taxation |
2,410,087 |
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Taxation |
- |
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Profit after taxation and total comprehensive profit for the year |
2,410,087 |
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Supernova Digital Assets PLC Registered Number 12291603 Statement of Financial Position As at 31 October 2024 |
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31 Oct 2024 |
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£ |
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Non-Current Assets |
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Intangible assets |
3,951,582 |
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Investments |
1,867,581 |
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Deferred tax asset |
- |
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Total non-current assets |
5,819,163 |
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Current Assets |
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Trade and other receivables |
4,349 |
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Cash and cash equivalents |
59,770 |
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Total current assets |
64,119 |
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Total assets |
5,883,282 |
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Shareholders' equity |
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Share capital |
1,603,226 |
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Share premium |
- |
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Share based payments reserve |
922,909 |
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Distributable reserve |
9,891,612 |
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Fair Value Reserve |
3,197,822 |
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Retained earnings |
(9,806,893) |
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Total shareholders' equity |
5,808,676 |
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Current Liabilities |
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Trade and other payables |
74,606 |
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Total liabilities |
74,606 |
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Total equity and liabilities |
5,883,282 |
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Signed by:
Nicholas Lyth
Director
28 January 2025