Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 393

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 393
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 Lease liabilities      |     |        169 |     |        161 |     |        146 |
| Total                  |     |        169 |     |        161 |     |        146 |
| Non-current            |     |            |     |            |     |            |
| Lease liabilities      |     |        295 |     |        463 |     |        620 |
| Total                  |     |        295 |     |        463 |     |        620 |

Book values approximate
to fair value at 31 December 2023, 2022 and 2021.

Obligations under finance
leases are secured by a fixed charge over the fixed assets to which they relate.

Government loans
in Spain

During 2021 a euro denominated
government and research loan of £103k was repaid. This amount translated at year end rate was £107k. The loan was repaid in
February 2021 prior to the liquidation of MPE.

| F-56 |

| 17 | Provisions |

| Schedule of provisions           |     |            |   |     |            |   |     |            |
|                                  |     | 2023 £’000 |   |     | 2022 £’000 |   |     | 2021 £’000 |
| Opening provision at 1 January   |     |        207 |   |     |         50 |   |     |         50 |
| Utilisation of provision         |     |       (207 | ) |     |        (43 | ) |     |          – |
| Provision recognised in the year |     |          – |   |     |        200 |   |     |          – |
| At 31 December                   |     |          – |   |     |        207 |   |     |         50 |
| Less: non-current portion        |     |          – |   |     |          – |   |     |          – |
| Current portion                  |     |          – |   |     |        207 |   |     |         50 |

The provision as at
31 December 2021 represents management’s best estimate of the ‘making good’ clause on the Cardiff office which was vacated
during the fourth quarter of 2021. This liability was settled during 2022.

Bioasis Loans

On
19 December 2022 the Company entered into a Prom