Deferred tax

12 Months Ended

Dec. 31, 2021

Deferred Tax Assets And Liabilities [Abstract]

Deferred tax

23. Deferred tax

The Group has the following unrecognized deferred tax assets as at December 31, 2021:

	December 31,
	2021		2020
	£000s		£000s
Trading losses		33,909		31,426
Share based payments		3,159		3,443
Capital losses		1,496		1,496
Total unrecognized deferred tax asset		38,564		36,365

To total unrecognized deferred tax assets are calculated based on the main corporate tax rate of 19%. Unrecognized deferred tax assets from foreign trading losses are calculated at the tax rate applicable to the related jurisdiction.

Deferred tax assets are recognized where it is probable that future taxable profit will be available to utilise losses. Due to the uncertainty of future capital gains, a deferred tax asset in respect of capital losses was not recognized at December 31, 2021 (2020: nil).