v3.25.0.1
Trade and other receivables
12 Months Ended
Dec. 31, 2024
Trade and other receivables  
Trade and other receivables

14Trade and other receivables

    

December 31, 

    

December 31, 

2024

2023

£ 000

£ 000

R&D tax relief receivable

 

8,686

 

16,416

Government grants and VAT receivable

4,349

4,060

Prepayments

 

4,576

 

5,062

Other receivables

 

634

 

875

Amounts due from related party

52

 

18,297

 

26,413

Included within R&D tax relief receivable £8,686 thousand claimed under the HMRC RDEC scheme (2023: £578 thousand) and £nil for R&D tax relief claimed under the HMRC SME Scheme (2023: £15,838 thousand). Expected credit losses were not significant in 2024 or 2023. The Group's exposure to credit and market risks, including impairments and allowances for credit losses, relating to trade and other receivables is disclosed in note 25 Financial risk management and impairment of financial assets.