A recent balance sheet for Pittards, PLC, a British company, follows. The company's principal activities are the design, production, and procurement of technically advanced leather. The Group financial statements consolidate the accounts of Pittande, PLC, and all its subsidiary undertakings (References to financial statement notes that appear on the original balance sheet have been onnitted) Required: 1. Examine the Pittards balance sheet and identify at least three differences between balance sheets as presented in the United Kingdom and the United States 2. Compare the Pittards balance sheet with the Burberry Group balance sheet in Exhibit 4.3 and identity at least three differences between them 3. Review Pittards's balance sheet and discuss how its format provides useful information to investors and creditors. Pittards, PLC Balance Sheet as at 31 December 20X1 fin 000) Group Company Fixed sets Tangible fixed assets 6.235 E 631 Investments 3.363 6.235 1.999 Current assets Stocks 5.056 3.509 Debtors 11.941 Can a bank and in hand 21 9/516 11 Creditors-amounts failing due within one year 21 9.616 11.003 Creditos-amos falling dee within you Bank loans and overdraft Trade creditors (971) (971) (1.17) Other credidos (3,735) (7.841) (13.889) (14.160) 1,715 3,010 L002 (1.004) (520) 4486 (15) 641 Net current liabilities) Totalt less current abilities Creditors-amounts filing due after more than one year Provisions for liabilities and charges Net assets before presion scheme liability Penso che liability Net assets (ladites) after pension scheme obity Capital and reserves Called up the capital Share premium sccount Capital de serve Beauties Capitale Pront and loss account 2.333 605 (10.434 On the Shareholdenhunds CA Thao Bo Determining can now amounts from cortverance Meets and income 10 45 47 1040