When Parental Times Ltd bought the shares of Siblings Ltd it valued the non-current assets at $£ 120,000$ instead of the figure of $£ 90,000$ as shown in the statement of financial position of Siblings Ltd.
Draw up a consolidated statement of financial position as at 31 March 2014.

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Parental Times Ltd Statement of Financial Position as at 31 March 2014 Non-current assets Investment in Subsidiary: 80,000 shares bought on 31.3.2013 Other non-current assets Less Depreciation for year Current assets Share capital Retained profits: As at 31.3.2013 Add Profit for 2014 f f 160,000 110,000 (22,000) 88,000 37,000 285,000 200,000 51,000 34,000 85,000 285,000 Siblings Ltd Statement of Financial Position as at 31 March 2014 Non-current assets Less Depreciation for year Current assets Share capital Retained profits: As at 31.3.2013 Add Profit for 2014 90,000 (9,000) 81,000 43,000 124,000 80,000 24,000 20,000 44,000 124,000