The following summarised information relates to the Pagg group of companies. Required: Balance Sheet at 31 March

The following summarised information relates to the Pagg group of companies.

Required:

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Balance Sheet at 31 March 19X0 Pagg plc 000 Ragg Ltd 000 Tagg Ltd 000 Tangible fixed assets at net book value Investments 2,000 900 600 800,000 ordinary shares in Ragg Ltd 3,000 300,000 ordinary shares in Tagg Ltd 1,000 4,000 Current assets Stocks 1,300 Debtors 3,000 Cash Current liabilities 200 4,500 Creditors (4,000) 6,500 Capital and reserves Called-up share capital (all ordinary shares of 1 each) 5,500 Profit and loss account 1,000 6,500 '' (270) (400) 650 500 150 650 '' 50 450