Part A: Answer any four (4) questions from this section. Question 1 The Statement of Financial Position for Aberdeen PLC, Brompton Ltd and Colchester Ltd as at 31 December 2021 are given as follows: Brompton Ltd Colchester Ltd 300,000 140,000 Aberdeen PLC 400,000 650,000 25,000 55,000 30,000 165,000 164,000 9,000 2,000 Non-current assets (land) Investments Inventories Trade receivables Inter-company receivables from Brompton Ltd Inter-company receivables from Colchester Ltd Cash Trade payables Inter-company payables Net assets 4,000 11,000 (225,000) 112,000 (6,000) (25,000) 710,000 500 (1,500) (4,000) 146,000 950,000 500,000 50,000 Share capital (1 nominal value shares) Revaluation reserve Retained profits Capital and reserves 200,000 150,000 360,000 710,000 450,000 950,000 96,000 146,000 Aberdeen acquired 75 % of Brompton for 500,000 on 1 January 2021. At the time of acquisition, the fair value of Brompton's non-current assets was 300,000 (historic cost 150,000) and Brompton Ltd included the revaluation in its accounts. No other assets were re-valued at the date of acquisition. Brompton's share capital and reserves on the date of acquisition were 420,000, after the revaluation had correctly been incorporated into the company's accounts. Aberdeen acquired 20% of Colchester on 1 January 2011 for 120,000 when Colchester's net assets at fair value were 70,000. Goodwill is capitalised and an impairment of 129,500 is charged against the value of Brompton and 53,000 against the value of Colchester in 2021. The inventory in Aberdeen includes 10,000 of inventory purchased from Brompton Ltd. These goods had cost Brompton Ltd 2,000. The inventory in Aberdeen also includes 5,000 of inventory purchased from Colchester Ltd. These goods had cost Colchester Ltd 3,000. Any differences in inter-company balances between Aberdeen and Brompton are due to cash in transit. At the end of the year, Aberdeen declares a dividend of 5p per share, Brompton Ltd declares a dividend of 20p per share and Colchester Ltd declares a dividend of 10p per share. These dividends have not been accounted for by any of the companies. Required: Prepare a consolidated Statement of Financial Position for Aberdeen group for the year ended 31 December 2021. (Total: 20 marks)