The following are the statements of financial positions of Wood plc and Stone plc as at 1 May 20X0:

Wood plc purchased 80 per cent of the equity shares of Stone plc on 1 May 20X0 at a price of £4,800,000. The assets and liabilities of Stone plc are shown in its financial statements at what are agreed to be appropriate fair values.

Required
Prepare a consolidated statement of financial position as at 1 May 20X0.

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ASSETS Non-current assets Property, plant and equipment Investment in Stone plc Current assets Total assets EQUITY AND LIABILITIES Equity Equity share capital Share premium Revaluation reserve Retained earnings Total equity Current liabilities Total equity and liabilities Wood ple £'000 10,000 4,800 14,800 4,000 18,800 6,000 4,500 2,500 5,300 18,300 500 18,800 Stone ple £'000 3,000 3,000 2,500 5,500 1,500 750 650 2,100 5,000 500 5,500