Coinsilium Group Limited: Annual Report and Financial Statements for the Year Ended 31 December 2023

Coinsilium Group Limited, a venture builder and adviser for blockchain technology companies, has released its annual report for the year ended 31 December 2023. The reported revenue was £37,250, a significant decline from £211,523 in 2022. Despite this, the company reported a net fair value gain of £17,289 compared to a loss of £273,292 in 2022.

The total comprehensive loss was £660,684, down from £2,056,974 the previous year. Administrative expenses remained stable at £896,246, compared to £936,931 in 2022. Loss per share decreased to 0.35 pence from 1.17 pence. Financial assets at fair value amounted to £2,162,782.

Major operational highlights include acquiring Web3 advisory service business Tokenomi, and the completion of a GBP258,150 subscription and placing. Coinsilium also converted a £200,000 loan to Greengage into shares and signed agreements with Blvck Limited and Silta Finance AG for future Web3 projects.

With rising cryptocurrency values and a strategic focus on Web3 technology and AI, Coinsilium is optimistic about 2024 and aims to leverage these opportunities for growth.