Parental Ltd acquires 75% of the shares in Children United Ltd. Statements of financial position are then drafted immediately. You are to draw up the consolidated statement of financial position.

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Investment in Children United Ltd: 30,000 Ordinary £1 shares Non-current assets Inventory Accounts receivable Bank Parental Statement of Financial Position Share capital - Ordinary shares of 25p each Non-current assets Inventory Accounts receivable Bank Children United Statement of Financial Position Share capital - Ordinary £1 shares £ 60,000 90,000 25,000 18,000 7,000 200,000 200,000 £ 31,000 4,000 2,000 3,000 40,000 40,000