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Summary Financial Statement For Year Ending 31 March 2007

  2007 2006
  £000
 £000
RESULTS FOR THE YEAR
Profit for the year before taxation 10,406 8,054
Taxation on profit for the year (803) (491)
Retained profit 9,603 7,563
     
ASSETS
Cash and balances with banks 2,576 2,609
Funds placed with parent company 2,056,957 1,728,569
Prepaid expenses 48 61
Property, plant and equipment 329 326
Deferred tax asset 2 39
Total assets 2,059,912 1,731,604
     
LIABILITIES
Due to customers 1,984,677 1,668,591
Other liabilities 7,548 4,838
Current tax liabailities 726 494
Retirement benefit obligation 351 721
  1,993,302 1,674,644
     
SHAREHOLDERS’ EQUITY
Share Capital 6,500 6,500
Retained earnings 60,110 50,460
Total shareholders' equity and liabilities 2,059,912 1,731,604

You can download a PDF copy of the Summary Financial Statement for 2006/2007 here

If you would like Adobe Reader, you can download a free copy here

The Summary Financial Statement was approved by the Board of Directors on 10th July 2007. Copies of the Annual Directors' Report and Financial Statements are available on request.