Company: BDRX
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001214659-25-005742
Chunk: 75

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 75
---
: £485,000)
and laboratory equipment of net book value £ Nil0(2023: £ Nil0; 2022: £2,000).

On 1 February 2023 laboratory equipment previously disclosed within
right of use assets was transferred to laboratory equipment when the final payment on the finance lease was made. On 1 January 2022 software
previously disclosed within computer equipment was transferred to intangible assets.

10 Leases

  Schedule of market rental rates                                                                    
  Lease Liabilities                    2024                  2023                  2022              
  At 1 January                                      464                   624                   766  
  Interest expenses                                  19                    28                    36  
  Lease payments                                  ( 186                 ( 188                 ( 178  
  At 31 December                                    297                   464                   624  

The right of use assets is disclosed in note
9.

In April 2021 the Group signed an agreement to lease new premises
in Cardiff, Wales, to house its corporate offices and laboratories. The agreement to lease allowed the Group to carry out the Cat A works
and fit out prior to completion of the lease and its occupation in August 2021. The lease agreed was for a 5 year period with no break
clause. The lease was recognised as a right of use asset in 2021. The recognition in 2021 of the right of use asset and corresponding
lease liability were a non cash investing and financing transaction.

Low value leases expensed in year:

  Low value leases expensed in year                                                           
                                         2024               2023               2022           
  Low value leases expensed                          1                  2                  3  
  Total                                              1                  2                  3  

Total cash outflow for leases in 2024 was £187,000(2023:
£190,000; 2022: £181,000).

11 Intangible assets

  Schedule of reconciliation of changes in intangible assets and goodwill                                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost                                                                                                                  
  At 1 January 2022                                                            13,378      2,291      –         15,669  
  Transfer from property, plant and equipment                                  –           –          122          122  
  Disposal                                                                     –           –          ( 12        ( 12  
  At 31 December 2022