From the given financial data, draw up a consolidated balance sheet as at 30 September 2023.

Galaxy Ltd Balance Sheet as at 30 September 2023:

• Property, plant, and equipment: £900,000
  • Less Depreciation: (£250,000)
• Investment in Subsidiary: £650,000 (400,000 shares acquired on 30.09.2022)
• Inventory: £180,000
• Equity:
  • Share capital: £1,000,000
  • Retained earnings:
    • As at 30.09.2022: £400,000
    • Add Profit for 2023: £70,000

Nebula Ltd Balance Sheet as at 30 September 2023:

• Property, plant, and equipment: £450,000
  • Less Depreciation: (£120,000)
• Inventory: £170,000
• Equity:
  • Share capital: £400,000
  • Retained earnings:
    • As at 30.09.2022: £200,000
    • Add Profit for 2023: £40,000

Additional Information: Galaxy Ltd sold equipment to Nebula Ltd for £85,000. The equipment originally cost £80,000. Nebula Ltd depreciated it by 15% during 2023.