Income Tax (Tables)

6 Months Ended

Jun. 30, 2025

Major Components Of Tax Expense Income [Abstract]

Schedule of Major Components of Income Tax


		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2025				2024				2025				2024
		(in thousands)
		£				£				£				£
Current tax:
In respect of current period U.K.			301				1,260				648				2,532
In respect of prior period U.K.			24				—				24				22
In respect of current period U.S.			—				—				—				(1	)

			325				1,260				672				2,553
Deferred tax:
In respect of current period U.S.			3				12				9				24
In respect of prior period U.S.			—				—				—				—

Income tax credit			328				1,272				681				2,577


		June 30, 2025				December 31, 2024
		(in thousands)
		£				£
Current income tax receivable
U.K. tax			4,263				4,591
U.S. tax			3				3

			4,266				4,594

Deferred tax asset
U.S. deferred tax asset			112				113