The following summarised information relates to the Pagg group of companies.

Additional information:
1 Pagg acquired its shareholding in Ragg Ltd for £3,000 on 1 April 2005. Ragg’s retained profits balance at that time was £600,000. Goodwill arising was £1,720.
2 The shares in Tagg Ltd were acquired on 1 April 2009 for £1,000 when Tagqg’s retained profits balance was £100,000. Goodwill arising was £640.
3 Impairment reviews of the goodwill amounts as required by IAS 38 have reduced the investments to the amounts shown above.
4 At 31 March 2010, Ragg had in inventory goods purchased from Tagg at a cost to Ragg of £60,000. These goods had been invoiced by Tagg at cost plus 20%.
5 Intercompany debts at 31 March 2010 were as follows: Pagg owed Ragg £200,000 and Ragg owed Tagg £35,000.

Required:
In so far as the information permits, prepare the Pagg group of companies’ consolidated balance sheet as at 31 March 2010 in accordance with the relevant accounting standards.

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Balance Sheet at 31 March 2010 Pagg plc Ragg Ltd Tagg Ltd 000 000 000 Non-current assets Tangible assets at net book value Investments 2,000 900 600 800,000 ordinary shares in Ragg Ltd 2,570 300,000 ordinary shares in Tagg Ltd 968 3,538 Total non-current assets 5,538 900 600 Current assets Inventory Debtors 1,300 350 100 3,000 200 300 Cash 200 20 50 4,500 570 450 Total assets 10,038 1,470 1,050 Current liabilities: Accounts payable (4,000) (270) (400) 6,038 1,200 650 Capital and reserves Called-up share capital (all ordinary shares of 1 each) 5,500 1,000 500 Retained profits 538 200 150 6,038 1,200 650