Do the financial statements of Creative World School include a balance sheet?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Creative World Schools Franchising Company, Inc. (the Company), which comprise the balance sheets as of December 31, 2024, 2023 and 2022, and the related statements of ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Creative World Schools Franchising Co., Inc., as of December 31, 2024, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 80)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, the financial statements include balance sheets. Specifically, the franchisor's financial statements comprise balance sheets as of December 31, 2024, 2023, and 2022.
These balance sheets are part of a larger set of financial statements that also include related statements. The financial statements, in the opinion of auditors, present fairly the financial position of Creative World Schools Franchising Co., Inc. as of the specified dates. This includes the results of its operations and its cash flows for the years then ended, adhering to accounting principles generally accepted in the United States of America.
Prospective franchisees should review these balance sheets and related financial statements carefully to understand the financial health and stability of Creative World School. Understanding the franchisor's financial position is crucial for assessing the risks and potential rewards of investing in a Creative World School franchise. Franchisees should also consult with a financial advisor to fully interpret the implications of these financial statements.