<div id="readability-page-1">  <p><time datetime="2026-05-12T14:06:39+01:00">    Tuesday 12 May 2026 2:06 pm  </time></p>         <div>                                                                                                                 Add as a preferred        source on Google                        </div>    <figure>    <div>       </div> <img width="742" height="495" src="https://imageproxy.pbkrs.com/https://www.cityam.com/wp-content/uploads/2024/06/Barclays-1200-x-800-1.jpeg/query-dz03NDI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.cityam.com/wp-content/uploads/2024/06/Barclays-1200-x-800-1.jpeg/query-dz03NDI"/>  <figcaption>Has a Barclays subsidiary made a FTSE whoopsie?</figcaption> </figure> <p>Don’t you just hate it when you mix up millions with billions? </p><p>No one is immune from such mistakes. Including, as it turns out, one of Britain’s biggest banks.</p><p>A subsidiary of Barclays, the Kensington Mortgage Company, last week published its accounts.</p><p>While revenue was up slightly to £83.4m, pre-tax profit fell by 90 per cent, in large part because of “a write-down of technology-related work in progress that was no longer considered viable”. </p><p>Quite how bad was this failed technology write-down? I went and checked the footnotes, in particular a section called “assets under development” which it describes as “software and hardware projects which are in the build phase.”</p><p>“Additions of assets under development previously shown as £5,166m has been restated as £3,730m”.</p><p>Hold on a second, I thought – how has a £83m turnover mortgage business built software worth £5.2bn (which it then restated as £3.7bn) in a year? Could Kensington Mortgage Company have just spawned Britain’s most valuable tech startup?</p><p>Turns out it should in fact have referred to millions, not billions. Mercifully, the footnote error did not make its way into the headline balance sheet numbers.</p><p>Kensington Mortgage Company declined to comment. </p><p>A brave spokesperson denied the figures were erroneous, instead suggesting that the use of a comma is a “common approach” to designate a decimal point. That might be persuasive, had a comma been used in this way anywhere else in the report, or indeed by any financial report produced by Barclays UK and its subsidiaries – as far as I’ve been able to find, anyway. But perhaps I’m being uncharitable.</p> </div>

巴克莱银行

<p>巴克莱银行的子公司肯辛顿抵押贷款公司错误地将其在建资产报告为 52 亿英镑，而不是 520 万英镑，导致其资产大幅重述为 37 亿英镑。尽管收入略微增加至 8340 万英镑，但由于对不可行技术项目的减值，税前利润暴跌 90%。该公司将错误归因于逗号使用不当，这与标准财务报告实践不一致。肯辛顿拒绝对此事进一步评论</p>

巴克莱银行的抵押贷款子公司出现了 50 亿英镑的资产负债表失误