Property, plant and equipment

12 Months Ended

Dec. 31, 2023

Notes and other explanatory information [abstract]

Property, plant and equipment

9 Property, plant and equipment

	Fixtures and fittings £’000			Leasehold improvements £’000			Computer equipment £’000			Laboratory equipment £’000			Right of use asset £’000			Total £’000
Cost
At 1 January 2021		53			4			236			1,662			188			2,143
Additions		57			53			16			194			720			1,040
Transfers		–			–			–			(155	)		155			–
Effect of modification to lease terms		–			–			–			–			(24	)		(24	)
Disposal		(50	)		(4	)		(10	)		(138	)		(164	)		(366	)
At 31 December 2021		60			53			242			1,563			875			2,793
Additions		3			–			14			45			–			62
Transfer to intangibles		–			–			(122	)		–			–			(122	)
Disposal		–			–			(46	)		(174	)		(51	)		(271	)
At 31 December 2022		63			53			88			1,434			824			2,462
Additions		–			–			–			26			–			26
Transfers		–			–			–			103			(103	)		–
Disposal		–			–			(38	)		(152	)		–			(190	)
At 31 December 2023		63			53			50			1,411			721			2,298

	Fixtures and fittings £’000			Leasehold improvements £’000			Computer equipment £’000			Laboratory equipment £’000			Right of use asset £’000			Total £’000
Accumulated depreciation
At 1 January 2021		49			2			199			1,239			112			1,601
Charge for the year		–			–			–			(74	)		74			–
Disposal		8			5			22			178			190			403
Exchange differences		(50	)		(3	)		(8	)		(138	)		(164	)		(363	)
At 31 December 2021		7			4			213			1,205			212			1,641
Transfer to intangibles		–			–			(113	)		–			–			(113	)
Charge for the year		12			11			12			139			166			340
Disposal		–			–			(41	)		(155	)		(41	)		(237	)
At 31 December 2022		19			15			71			1,189			337			1,631
Transfers		–			–			–			103			(103	)		–
Charge for the year		12			11			7			113			137			280
Disposal		–			–			(38	)		(146	)		–			(184	)
At 31 December 2023		31			26			40			1,259			371			1,727
Net book value
At 31 December 2023		32			27			10			152			350			571
At 31 December 2022		44			38			17			245			487			831
At 31 December 2021		53			49			29			358			663			1,152

As at 31 December right of use asset consisted of leasehold improvements of net book value £350k (2022: £485k; 2021: £619k) and laboratory equipment of net book value £Nil (2022: £2k; 2021: £44k).

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.