A You are presented with the following information from the Seneley group of companies for the year to 30 September 2012:

(c) Seneley purchased 140,000 shares in Wright Ltd on 1 October 2011 for $£ 130,000$, when Wright's retained profits balance stood at $£ 60,000$. The $£ 52,000$ gain from a bargain purchase was recognised immediately in Seneley's profit or loss.

(d) During the year to 30 September 2012, Lowe had sold goods to Wright for $£ 15,000$. These goods had cost Lowe $£ 7,000$, and Wright still had half of these goods in inventory as at 30 September 2012.

(e) Included in the respective trade accounts payable and trade accounts receivable balances as at 30 September 2012 were the following intercompany debts:
- Seneley owed Wright $£ 5,000$
- Lowe owed Seneley $£ 20,000$
- Wright owed Lowe $£ 25,000$.
Required:
Prepare the Seneley group's consolidated statement of financial position as at 30 September 2012. Your workings should be submitted.

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Seneley plc 000 Lowe Ltd 000 Wright Ltd 000 Non-current assets Tangible non-current assets 225 300 220 Investments Shares in group companies: Lowe Ltd 450 Wright Ltd 182 632 Total non-current assets 857 300 220 Current assets Inventory 225 150 45 Accounts receivable 240 180 50 Cash at bank and in hand 50 10 5 515 340 100 Total assets 1,372 640 320 Current liabilities Trade accounts payable (320) (90) (70) Net assets 1,052 550 250 Equity Called-up share capital 800 400 200 Retained profits 252 150 50 1,052 550 250 Additional information: (a) The authorised, issued and fully paid share capital of all three companies consists of 1 ordinary shares. (b) Seneley purchased 320,000 shares in Lowe Ltd on 1 October 2009, when Lowe's retained profits balance stood at 90,000.