Julian Hodge Bank Ltd Accounts

Profit and Loss Account
for the year ended 31 October 2010
2010
 		 2009
 
£000 £000
 
Interest receivable
Interest receivable and similar income arising from debt securities 3,826 3,040
Interest receivable and similar income 29,657 29,607
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  33,483 32,647
 
Interest payable (31,049) (25,259)
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Net interest income 2,434 7,388
Dividend income from listed equity shares and subsidiary companies 84 400
Fees and commissions receivable 1,586 2,608
Fees and commissions payable (366) (990)
Other finance income 100 200
Other operating income:    
  Rents receivable 840 543
  Profit on sale of reversionary interests 2,099 899
  Profit on sale of mortgage assets 10.122 1,131
  (Loss) on sale of stock and work in progress (757) -
  (Loss)/profit on sale of debt securities (67) 810
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Net operating income 16,075 12,989
     
Administrative expenses:    
  Staff costs (3,776) (3,812)
  Other administrative expenses (1,955) (3,649)
Depreciation and amortisation (29) (161)
Movement on provisions for bad and doubtful debts (8,178) (4,205)
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Operating profit being profit on ordinary activities before taxation 2,137 1,162
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Tax on profit on ordinary activities (796) (444)
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Profit on ordinary activities after taxation being profit for the financial year 1,341 718
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Balance Sheet
at 31 October 2010
2010
£000		 2009
£000
Assets    
Treasury bills 42,454 17,897
Loans and advances to banks 188,474 91,833
Loans and advances to customers 398,412 470,227
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629,340 579,957
 
Shares in group undertakings and participating interests 16,070 16,070
Equity shares 379 379
Debt securities 54,168 31,608
Tangible fixed assets 43 59
Investment properties 10,319 10,319
Reversionary interests in properties 63,292 57,286
Other assets 47,497 38,779
Corporation tax 424 180
Prepayments and accrued income 3,745 3,404
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Total assets 825,277 738,041
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Liabilities    
Deposits by banks - repayable on demand 536 -
Customer accounts 696,171 610,540
Other liabilities:    
  Other 183 1,069
Accruals and deferred income 4,146 3,432
Pension defecit 100 900
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Total liabilities 701,136 615,941
 
Share capital and reserves    
Called-up share capital 100,000 100,000
Profit and loss account 24,141 22,100
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Shareholder's funds 124,141 122,100
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Total liabilities and shareholder's funds 825,277 738,041
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Memorandum items
Contingent liabilities 82 362
Commitments 142,335 190,138
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