Company: BDRX
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001214659-25-005742
Chunk: 68

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 68
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use. If there are no significant decisions to be made because they are pre-determined due to the nature of the asset, the Group considers
whether it was involved in the design of the asset in a way that predetermines how and for what purpose the asset will be used throughout
the period of use. If the contract or portion of a contract does not satisfy these criteria, the Group applies other applicable IFRSs
rather than IFRS 16.

All leases are accounted for by recognising a right-of-use
asset and a lease liability except for:

  Leases of low value assets;  

  Leases with a duration of 12  
  months or less.               
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Lease liabilities are measured at the present value
of the contractual payments due to the lessor over the lease term, with the discount rate determined by reference to the group’s
incremental borrowing rate on commencement of the lease.

Right of use assets are initially measured at the
amount of the lease liability, reduced for any lease incentives received, and increased for lease payments made at or before commencement
of the lease. The Group has taken advantage of the practical expedient to ignore the requirement to separate non-lease components and
instead account for the entire contract as a single lease.

Subsequent to initial measurement lease liabilities
increase as a result of interest charged at a constant rate on the balance outstanding and are reduced for lease payments made. Right-of-use
assets are amortised on a straight-line basis over the remaining term of the lease.

When the group revises its estimate of the term
of any lease (because, for example, it re-assesses the probability of a lessee extension or termination option being exercised), it adjusts
the carrying amount of the lease liability to reflect the payments to make over the revised term, which are discounted using a revised
discount rate. An equivalent adjustment is made to the carrying value of the right-of-use asset, with the revised carrying amount being
amortised over the remaining (revised) lease term. If the carrying amount of the right-of-use asset is adjusted to zero, any further reduction
is recognised in profit or loss.

Nature of leasing activities (in the capacity
as lessee)

As at 31 December 2024 the Group had one property
lease in place in the UK.

Taxation

Tax is recognised in the Comprehensive Statement
of Income, except that a charge attributable to an item of income and expense recognised as