Pa and Ma Ltd bought $60 \%$ of the shares of Son and Daughter Ltd on 31 March 2013. The statements of financial position of the two companies on 31 March 2014 are as follows. You are to draw up a consolidated statement of financial position as at 31 March 2014. The amounts shown in the statements of financial position are a correct reflection of the fair values.

Pa and Ma Statement of Financial Position as at 31 March 2014

\begin{tabular}{|c|c|c|}

\hline & & \\

\hline \multirow{2}{*}{\begin{tabular}{l}

Investment in Son and Daughter Ltd: \\

60,000 shares bought 31.3.2013

\end{tabular}} & $£$ & £ \\

\hline & & 64,000 \\

\hline Non-current assets & & 190,000 \\

\hline Current assets & & \begin{tabular}{r}

46,000 \\

300,000 \\

\end{tabular} \\

\hline Share capital & & 200,000 \\

\hline Retained profits: & & \\

\hline As at 31.3.2013 & 31,000 & \\

\hline Add Profit for 2014 & 39,000 & \\

\hline General reserve & & \begin{tabular}{r}

70,000 \\

30,000 \\

$\underline{300,000}$ \\

\end{tabular} \\

\hline

\end{tabular}