What is the fiscal year end for Creative World School?
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 company's fiscal year ends on December 31. This is evidenced by the balance sheets provided, which are as of December 31 for the years 2024, 2023, and 2022. The financial statements audited by the company's auditors also cover the years ending on these dates.
For a prospective franchisee, this means that all financial performance representations and data provided in the FDD are based on this fiscal year end. Franchisees can use this information to align their own financial planning and reporting with Creative World School's established fiscal calendar. Understanding the franchisor's fiscal year is important for comparing year-over-year performance and understanding financial reporting requirements.
Knowing the fiscal year-end helps franchisees understand the timing of financial reporting and any potential seasonal impacts on revenue. For example, Creative World School notes that revenue is typically higher during the public school year and lower during the summer and holiday breaks. Aligning with the December 31 fiscal year-end allows franchisees to benchmark their performance against the franchisor's historical data and industry trends.