The following are the trial balances of ATH Ltd, GLE Ltd, and FRN Ltd as at 31 December 2018.

ATH Ltd acquired the shares in FRN Ltd on 31 December 2016, when the balance of retained profits of FRN Ltd was £700, and acquired the shares in GLE Ltd on 31 December 2017. No dividend was paid by either ATH Ltd or GLE Ltd for the year 2017.
The sales of GLE Ltd for 2018 (£116,000) include £1,000 for goods sold to FRN Ltd and this amount has been debited to the purchases account in the books of FRN Ltd.
All these goods were sold by FRN Ltd during 2018.

Required:
A consolidated statement of profit or loss for the year 2018 and a consolidated statement of financial position as on 31 December 2018 (not necessarily in a form for publication).
Ignore depreciation of non-current assets and taxation.

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Ordinary share capital (shares of £1 each, fully paid) Retained profits - balance at 31.12.2017 Current liabilities Sales Dividend received from GLE Ltd Non-current assets Current assets 24,000 ordinary shares in GLE Ltd at cost 20,000 ordinary shares in FRN Ltd at cost Cost of goods sold General expenses Dividend for 2018, paid on 31.12.2018 ATH Ltd £ 100,000 15,600 20,750 194,000 1,200 331,550 167,900 45,000 46,000 33,700 21,250 153,000 32,600 GLE Ltd £ 331,550 30,000 6,000 15,900 116,000 29,000 27,500 87,000 22,900 1,500 167,900 FRN Ltd £ 20,000 1,900 18,350 84,000 124,250 25,000 17,500 63,000 18,750 124,250