XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.25.2

Expenses by nature | 6 Months Ended
--- | ---
Jun. 30, 2025
Expenses by nature |
Expenses by nature | 4Expenses by nature Included within administrative expenses, research and development expenses, and related party administrative expenses are the following expenses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 3 months ended June 30, |  | 6 months ended June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | £ 000 | ​ | £ 000 | ​ | £ 000 | ​ | £ 000
Research and development staff costs (excluding share-based payment expenses) | ​ | 8,336 | ​ | 6,844 | ​ | 15,324 | ​ | 12,680
Research and development consultancy | ​ | 1,202 | ​ | 4,256 | ​ | 3,134 | ​ | 7,395
Research and development components, parts and tooling | ​ | 2,036 |  | 6,867 |  | 4,333 |  | 11,876
Total research and development expenses | ​ | 11,574 | ​ | 17,967 | ​ | 22,791 | ​ | 31,951
Administrative staff costs (excluding share-based payment expenses) | ​ | 3,195 | ​ | 2,331 | ​ | 6,050 | ​ | 4,687
Share based payment expenses (note 5) | ​ | 2,063 | ​ | 2,856 | ​ | 3,207 | ​ | 4,785
Consultancy costs | ​ | 1,025 |  | 544 |  | 1,641 |  | 1,173
Legal and financial advisory costs | ​ | 1,063 |  | 717 |  | 1,781 |  | 1,771
HR advisory and recruitment costs | ​ | 627 | ​ | 229 | ​ | 822 | ​ | 349
IT hardware and software costs | ​ | 1,906 |  | 1,819 |  | 3,767 |  | 3,407
Insurance expenses | ​ | 592 |  | 33 |  | 1,178 |  | 152
Marketing costs | ​ | 433 |  | 696 |  | 585 |  | 774
Premises expenses | ​ | 414 |  | 566 |  | 902 |  | 1,144
Depreciation expense | ​ | 252 |  | 289 |  | 466 |  | 558
Amortization expense | ​ | 51 |  | 263 |  | 107 |  | 536
Depreciation on right of use property assets | ​ | 202 | ​ | 157 | ​ | 360 | ​ | 326
Other administrative expenses | ​ | 789 |  | 743 |  | 1,235 |  | 1,048
Total administrative costs | ​ | 12,612 | ​ | 11,243 | ​ | 22,101 | ​ | 20,710
Related party administrative expenses | ​ | 57 | ​ | 21 | ​ | 151 | ​ | 42
Total administrative and research and development expenses | ​ | 24,243 |  | 29,231 |  | 45,043 |  | 52,703
​ Staff costs relate primarily to salary and related expenses, including social security and pension contributions, but excluding share-based payments. Please see note 5 for further details.

X
- Definition The disclosure of expenses by nature. [Refer: Expenses, by nature] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfExpensesByNatureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_ExpenseByNatureAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration