Amos Ltd has operated as a private limited company for 80 years. The company is facing increased competition, and it has been decided to sell the business as a going concern.

The financial situation is as shown on the balance sheet:

Statement of financial position as at 30 June 2018

£ £ £

Fixed (non-current) assets Premises Equipment Investments Current assets Stock Debtors Bank Creditors: amounts due within one year Trade creditors Dividends Net current assets Total assets less current liabilities Creditors: amounts due after one year Secured loan stock Net assets Financed by Ordinary shares (50p par value)

Reserves Profit and loss account Shareholders’ funds 85,000 120,000 25,000

(65,000)

(85,000)

230,000

(150,000)

500,000 125,000 50,000 675,000 80,000 755,000

(85,000)

670,000 500,000 55,000 115,000 670,000 780,000 50,000 90,000 The current market values of the fixed (non-current) assets are estimated as:

Premises Equipment Investments Only 90 per cent of the debtors are thought likely to pay.

Required Prepare valuations per share of Amos Ltd using:

(i) Book value basis.

(ii) Adjusted book value.