The statements of financial position of Dad Ltd and Sibling Ltd are as follows:

Required:
Prepare the consolidated statement of financial position as at 31 December 2018.

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Dad Ltd Statement of Financial Position as at 31 December 2018 Non-current assets Investment in subsidiary: 350,000 shares bought 31.12.2017 Other non-current assets Current assets Share capital Retained profits: As at 31.12.2017 Add Profit for 2018 Sibling Ltd Statement of Financial Position as at 31 December 2018 Non-current assets Current assets Total assets Current liabilities Net assets Share capital Retained profits: As at 31.12.2017 Less Loss for 2018 £ 110,000 70,000 £ 112,000 (40,000) £ 700,000 210,000 70,000 980,000 800,000 180,000 980,000 £ 442,000 220,000 662,000 (90,000) 572,000 500,000 72,000 572,000