As of what date is the unaudited balance sheet and statement of income for Creative World School?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Creative World Schools Franchising Company, Inc. Balance Sheet March 31, 2025
ASSETS
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 80)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, the balance sheet is as of March 31, 2025. The balance sheet lists the assets of Creative World Schools Franchising Company, Inc. as of this date.
It is important to note that this balance sheet is unaudited. This means that it has not been examined and verified by an independent auditor. While the franchisor's independently audited balance sheets are provided for December 31, 2024, 2023, and 2022, the more current balance sheet as of March 31, 2025 has not undergone the same level of scrutiny.
A prospective franchisee should consider the implications of relying on an unaudited financial statement. While it can provide a more up-to-date snapshot of the company's financial position, it may not be as reliable as an audited statement. It would be prudent for a potential franchisee to discuss this with the franchisor and their own financial advisors to fully understand the financial health of Creative World School.