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This scenario relates to one requirement. Venus Ltd's summarised statement of profit or loss for the year ended 31 March 2023 is as follows: Note 1 - Leasehold property On 1 October 2022, Venus Ltd acquired a leasehold office building for use by the business, paying a premium of 96,000 for the grant of a 12-year lease. Note 2 - Other expenses Other expenses include the following: (a) Calculate Venus Ltd's corporation tax liability for the year ended 31 March 2023. Notes: 1. Your computation should commence with the operating profit figure of 5200,692 indicating by the use of zero (0) any items which do not require adjustment. 2. You should assume that the full annual investment allowance is available to Vonus Lid. (15 marks) Note 3 - Bank interest received The bank interest received during the year ended 31 March 2023 of 18,050 relates to deposits held for non-trading purposes. In addition, on 10 April 2023, 350 of nontrading loan interest was received in relation to the year ended 31 March 2023. Note 4 - Dividends received During the year ended 31 March 2023, Venus Ltd received dividends of 34,000 from Mars Ltd, an 80% UK subsidiary company. Note 5 - Profit on disposal of shares The profit on disposal of shares is in respect of a 2% shareholding that was sold on 18 January 2023 . The disposal resulted in a chargeable gain of 62,880 after taking account of the indexation allowance. Note 6 - Plant and machinery On 1 April 2022, the tax written down values of plant and machinery were as follows: The following purchases took place during the year ended 31 March 2023: On 15 March 2023, Venus Ltd sold car (1) that had been purchased on 10 August 2022 for 16,750. Note 7 - Group relief For the year ended 31 March 2023, Mars Ltd (the 80% UK subsidiary company - see note 4) made a trading loss of 7,635. Venus Ltd has made a group relief claim, for the year ended 31 March 2023, in respect of this loss

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