XML 34 R22.htm IDEA: XBRL DOCUMENT
v3.22.1

Loans from related parties | 12 Months Ended
--- | ---
Dec. 31, 2021
Loans from related parties |
Loans from related parties | 17 Loans from related parties ​
​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2021 | ​ | 2020
​ | ​ | £ 000 | ​ | £ 000
Current loans and borrowings |  |  |  |
Loans from related parties |  | — |  | 6,309
​ Loans from related parties represents a loan from Imagination Industries Ltd, a company wholly owned by Stephen Fitzpatrick. Movements in the year were as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
​ | ​ | £ 000 | ​ | £ 000
As at January 1 |  | 6,309 |  | —
Amounts advanced |  | 2,945 |  | 5,600
Interest charged |  | 483 |  | 709
Amounts repaid | ​ | (737) | ​ | —
Conversion to equity | ​ | (9,000) | ​ | —
As at December 31 |  | — |  | 6,309
​ ​ 17 Loans from related parties (continued) ​ The loan attracted an interest rate of 30% per annum (2020: 30%) and was repayable on demand. During the year loans was issued to Microsoft Corporation and Rocket Internet SE. Movements in the year were as follows: ​
​ | ​ | ​
​ |  | 2021 £ 000
As at January 1 | ​ | —
Amounts advanced |  | 25,000
Interest charged |  | —
Amounts repaid |  | —
Conversion to equity |  | (25,000)
As at December 31 |  | —
​ The loans and borrowings classified as financial instruments are disclosed in note 25 Financial instruments. The Company’s exposure to market and liquidity risk; including maturity analysis, in respect of loans and borrowings is disclosed in note 26 Financial risk management and impairment of financial assets.

X
- Definition The disclosure of loans from related parties. + References No definition available. + Details
Name: | evtl_DisclosureOfLoansFromRelatedPartiesExplanatory
Namespace Prefix: | evtl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition n/a + References No definition available. + Details
Name: | evtl_IfrsDisclosureOfLoansFromRelatedPartyAbstract
Namespace Prefix: | evtl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration