What was the total value of Crepe De Licious's other assets in 2022?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Deferred income tax asset | 2,000 | - | |
|---|---|---|---|
| Shareholder receivable | 59,831 | 5 5,250 | |
| Total other assets | 61,831 | 5 5,250 |
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the company's total other assets amounted to $55,250 in 2022. These assets are further broken down into two categories: deferred income tax asset and shareholder receivable.
The deferred income tax asset had no value in 2022, while the shareholder receivable was valued at $55,250. The shareholder receivable represents an amount due to Crepe De Licious from its sole shareholder, which is unsecured, has no stated interest rate, and has no set repayment terms.
For a prospective franchisee, understanding the composition and value of 'other assets' provides insight into the financial structure and relationships of Crepe De Licious. The shareholder receivable, in particular, highlights a financial dependency on the shareholder, which may have implications for the company's financial stability and operational decisions. Reviewing these figures in the context of overall assets and liabilities can offer a more comprehensive view of the company's financial health.