Company: BDRX
Filing Date: 2025-01-17
Form Type: F-1
Source: 0001214659-25-000922
Chunk: 377

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-17
Form: F-1
Chunk 377
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 recognised in profit or loss.

Nature of leasing activities (in the capacity as lessee)

As at 31 December 2023 the Group had one property lease in place in the UK.

| F-37 |

| 1 | Accounting policies (continued) |

Taxation

Tax is recognised in the Comprehensive Statement of Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax credit is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the country where the Company operates and generates income.

Deferred taxation

Deferred tax assets
and liabilities are recognised where the carrying amount of an asset or liability in the consolidated statement of financial position
differs from its tax base, except for differences arising on:

| · | the initial recognition of goodwill; |

| · | the initial recognition of an asset or liability in a transaction which is not a business combination and at the time 
 of the transaction affects neither accounting or taxable profit; and                                                  |

| · | investments in subsidiaries and jointly controlled entities where the Group is able to control the timing of the reversal of the difference 
 and it is probable that the difference will not reverse in the foreseeable future.                                                          |

Recognition of deferred
tax assets is restricted to those instances where it is probable that taxable profit will be available against which the difference can
be utilised.

The amount of the asset
or liability is determined using tax rates that have been enacted or substantively enacted by the reporting date and are expected to apply
when the deferred tax assets or liabilities are recovered or settled.

Property, plant and equipment

Property, plant and
equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses.

Depreciation is provided
on all items of property, plant and equipment so as to write off their carrying value over their expected useful economic lives. It is
provided at the following rates:

| Schedule of depreciation rates of property, plant and equipment |                                                                     |
| Fixtures and fittings                                           | – 20%- 25% per annum straight line                                  |
| Leasehold improvements                                          | – the shorter of 10% per annum straight line or over the lease term |
| Computer equipment                                              | – 25% per annum straight line                                       |
| Laboratory equipment                                            | – 15% – 25% per annum straight line                                 |
| Right of use asset                                              | –