BP plc Balance Sheet as at 31 December 2032

	£	£
Non-current assets
Investment in subsidiary:
- 580,000 shares bought 1.1.2032	870,000
Other non-current assets	1,450,000
Current assets	275,000	2,595,000
Share capital		1,450,000
Retained profits
As at 1.1.2032	285,000
Add Profit for year to 31.12.2032	295,000	580,000
Suspense		565,000
Total		2,595,000

Castrol Limited Balance Sheet as at 31 December 2032

	£	£
Non-current assets		590,000
Current assets		560,000
Share capital		290,000
Retained profits
As at 1.1.2032	270,000
Add Profit for year to 31.12.2032	265,000	535,000
Total		1,385,000

Required:

1. Prepare the consolidated balance sheet as at 31 December 2032.
2. Address any discrepancies in the suspense account.
3. Adjust for inter-company transactions.