What specific financial statements of Chocolate Bash are included in the audited financial statements?

According to Chocolate Bash's 2024 Franchise Disclosure Document, the audited financial statements include several key components. The audit report, prepared by an independent accountant, covers the financial statements for the years ending December 31, 2023, December 31, 2022, and December 31, 2021. These statements provide a comprehensive view of Chocolate Bash's financial performance and position.

The specific financial statements audited include the Balance Sheet, which presents the company's assets, liabilities, and equity at a specific point in time. Additionally, the Profit & Loss Statements, also known as income statements, detail the revenues, expenses, and profits or losses over the specified periods. The Statements of Cashflows, which outline the movement of cash both into and out of the company, are also included. Finally, the Statements of Shareholders' Equity, which show changes in the ownership interest in the company, are part of the audited financial statements.

These financial statements are accompanied by related notes, which provide additional context and explanations of the figures presented in the primary statements. These notes are essential for understanding the accounting policies used and the assumptions made in preparing the statements. The inclusion of these audited financial statements and related notes aims to provide prospective franchisees with a clear and reliable picture of Chocolate Bash's financial health and performance over the past three years.