The statement of financial position for Glencoe Ltd at 31 December is given below (£000):

Required:
Using the above information, calculate the gearing adjustment percentage:

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Non-current assets Plant and equipment Cost Depreciation Current assets Inventory Accounts receivable Cash Current liabilities Trade accounts payable Non-current liabilities 10% loan notes Financed by: Ordinary shares Reserves Current cost reserve 252 120 174 96 240 2016 960 (384) 576 546 1,122 (336) 786 300 444 42 786 156 72 60 72 240 2015 960 (192) 768 288 1,056 (312) 744 300 408 36 744