Your client owns and operates a themed restaurant on the outskirts of a large regional town. Year ending Year ending 2018 Year ending 2019 ITEM 2017 GROSS INCOME Meals Drinks 222,000 52,000 257,000 80,337 290,475 111,121 EXPENDITURE Purchases Wages & NI Utilities 170,000 109,230 11,000 6,500 1050 1,200 195,322 111,990 11,500 6,500 1,100 1,500 250 222,299 118,667 12,000 6,500 1,050 1,500 750 Business rates Laundry Insurance Repairs to building Stationary Telephone & Comms Owners' remuneration 40,000 500 150 250 1850 45,000 260 2000 50,000 1,800 ASSETS Fixtures & fittings Stock 30,000 5.000 27,000 4.200 24,000 4.500 a) Making the necessary assumptions and any further allowances, show the two different profits valuation methods available to provide a value of the premises as a going (15 marks) concern. b) Discuss some of the difficulties and limitations involved with profit valuations leisure (5 marks) properties.