<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>

巴克萊銀行

<p>巴克萊銀行的子公司肯辛頓抵押貸款公司錯誤地將其在建資產報告為 52 億英鎊，而不是 520 萬英鎊，導致其資產大幅重述為 37 億英鎊。儘管收入略微增加至 8340 萬英鎊，但由於對不可行技術項目的減值，税前利潤暴跌 90%。該公司將錯誤歸因於逗號使用不當，這與標準財務報告實踐不一致。肯辛頓拒絕對此事進一步評論</p>

巴克萊銀行的抵押貸款子公司出現了 50 億英鎊的資產負債表失誤