=+3. The Balance Sheets of A. Ltd. and its subsidiaries B. Ltd. and C. Ltd.

at 31st December, 1961, are summarised as follows:

A, Ltd. B. Ltd. C. Ltd.

£ £ £

Capital—£1 shares fully paid 100,000 50,000 25,000 Profit & Loss Accounts:

A. Ltd. (profit for year £30,000) 40,000 B. Ltd. (profit for year £4,500) 5,580 C. Ltd. (profit for year £2,000) 2,600 Investment at cost In B. Ltd. (50,000 Shares) 62,000 In C. Ltd. (20,000 Shares) 23,000 Other Assets less liabilities 55,000 55,580 27,600

£140,000 £55,580 £27,600 Both investments were acquired on 1st January, 1961.

Prepare the Group Balance Sheet.