Disposal of PPE held under revaluation Model FRS 102 Section 1A

Bells

Hi, I have a Ltd company that has equipment that has been revalued under the revaluation model. The item originally cost £65K and was revalued by £30K a few years ago, the item has not been depreciated as it was always expected to gain in value. The entry for the revaluation was DR PPE CR Revaluation reserve (reported through OCI). The equipment has been sold for a £100K.

My question is what is the JNL entry on the disposal of the item (I seem to be confusing myself over the £30K revaluation and if I include it in the NBV of my equipment that is disposed off). From reading I believe my entry should be CR PPE (balance sheet) £95K CR Sales Proceeds (P&L) £5K DR Bank (Balance Sheet) £100K, transfer the £30K in the revaluation reserve to retained earnings?