11..

(a) On 1 Januar y 20X7 Parent Ltd acquired all the ordinar y shares in Daughter Ltd for £16,200 cash.

The fair value of the net assets in Daughter Ltd was £12,000.

(b) The purchase consideration was satisfied by the issue of 5,400 new ordinar y shares in Parent Ltd. The fair value of a £1 ordinar y share in Parent Ltd was £3. The fair value of the net assets in Daughter Ltd was £12,000.