factual

Where can I find the unaudited balance sheet and statement of income for Creative World School?

Creative_World_School Franchise · 2025 FDD

Answer from 2025 FDD Document

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Independent Auditor's Report 1 - 2
Balance Sheets 3 - 4
Statements of Operations 5
Statements of Stockholders' Equity 6
Statements of Cash Flows 7 - 8
Notes to Financial Statements 9 - 15

April 4, 2025

To the Stockholders of Creative World Schools Franchising Company, Inc. Bonita Springs, Florida

Opinion

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.

Basis for Opinion

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those sta Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Creative World Schools Franchising Co., Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 80)

What This Means (2025 FDD)

According to Creative World School's 2025 Franchise Disclosure Document, the balance sheets as of December 31, 2024, 2023 and 2022, and the related statements of income are included in the document. The provided excerpt includes an opinion from certified public accountants regarding these financial statements.

The CPA's opinion states that the financial statements present fairly the financial position of Creative World Schools Franchising Co., Inc. as of December 31, 2024, 2023 and 2022. This opinion indicates that the financial statements have been audited in accordance with generally accepted auditing standards in the United States of America.

The balance sheets for December 31, 2024, 2023, and 2022 are included in Item 23, Receipts, within the Creative World School FDD.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.