Condensed Consolidated Statements of Income and Total Comprehensive Income (Unaudited) - GBP (£) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Profit or loss [abstract] | ||
| Revenue | £ 989,330 | |
| Research and development expenses | (4,077,774) | (3,698,142) |
| Administrative expenses | (3,607,878) | (4,077,671) |
| Administrative expenses – costs related to listing | (1,133,099) | |
| Foreign exchange (losses)/gains | (87,631) | 54,002 |
| Total operating expenses, net | (7,773,283) | (8,854,910) |
| Loss on modification of convertible loan | (645,845) | |
| Change in fair value of convertible loan derivatives | 578,877 | 6,943,594 |
| Change in fair value of warrants | 7,637,088 | 10,537,611 |
| Change in fair value of other derivative liabilities | (3,832,379) | |
| Finance income – interest | 85 | 4 |
| Finance costs | (143,340) | (5,990,592) |
| Loss before tax | (346,418) | (207,342) |
| Income tax credit | 700,000 | 720,000 |
| Net income for the period and Total comprehensive income | £ 353,582 | £ 512,658 |
| Basic income per share | £ 0.12 | £ 0.93 |
| Diluted income per share | £ 0.10 | £ 0.76 |
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- Definition Administrative expenses costs related to preparing for listing. No definition available.
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- Definition Gains losses on change in fair value of other derivatives. No definition available.
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- Definition Gains losses on change in fair value of warrants. No definition available.
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- Definition Gains losses on modification of convertible loan. No definition available.
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- Definition The amount of expenses that the entity classifies as being administrative. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of costs associated with financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income associated with interest and other financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The gains (losses) resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of exchange differences recognised in profit or loss that arise from foreign currency transactions, excluding those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9. [Refer: At fair value [member]; Financial instruments, class [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) before tax expense or income. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) from operating activities of the entity. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expenditure directly attributable to research or development activities, recognised in profit or loss. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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