11Right of use assets | | | | | Leasehold Property | | | £ 000 | Cost or valuation | | | At January 1, 2023 | | 4,091 | Additions | | 183 | At December 31, 2023 | | 4,274 | Additions | | 246 | Disposals | | (332) | At December 31, 2024 | | 4,188 | Accumulated depreciation | | | At January 1, 2023 | | 970 | Charge for the year | | 658 | Impairment | | 193 | At December 31, 2023 | | 1,821 | Charge for the year | | 730 | Depreciation on disposals | | (332) | At December 31, 2024 | | 2,219 | Net book value | | | At December 31, 2024 | | 1,969 | At December 31, 2023 | | 2,453 |
The right of use assets are leasehold properties in Bristol and Kemble, UK. Further information on the lease liabilities of these leases can be found in note 17. |