Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 374

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 374
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 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 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