What changed in this filing

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Item 1. Financial Statements

2021-10-18 compared with 2021-04-12 · 41 added, 42 removed, 108 unchanged (43% of the section changed)

1 unchanged sentence

FINANCIAL STATEMENTS

February 28, 2021

August 31, 2021

BALANCE SHEETS

STATEMENTS OF OPERATIONS

STATEMENT OF STOCKHOLDERS’ DEFICIT

STATEMENT OF STOCKHOLDER’S (DEFICIT)

STATEMENTS OF CASH FLOWS

3 unchanged sentences

TOTAL CURRENT ASSETS

LIABILITIES AND STOCKHOLDERS’ DEFICIT

LIABILITIES AND STOCKHOLDER’S (DEFICIT)

CURRENT LIABILITIES

5 unchanged sentences

Authorized 200,000,000 shares of common stock, $ 0.001 par value, Issued and outstanding 64,900,000 shares of common stock (May 31, 2021 – 64,900,000 )

Addition paid in capital

Additional paid in capital

Accumulated deficit

TOTAL STOCKHOLDERS’ (DEFICIT)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

TOTAL LIABILITIES AND STOCKHOLDER’S (DEFICIT)

The accompanying notes are an integral part of these financial statements.

STATEMENTS OF OPERATIONS

For the three months ended

August 31, 2021

For the three months ended

August 31, 2020

OPERATING EXPENSES

6 unchanged sentences

STATEMENT OF STOCKHOLDER’S DEFICIT

FOR THE NINE-MONTH ENDED FROM JUNE 1, 2020 TO FEBRUARY 28, 2021

Balance, May 31, 2020

Net loss for the three-months ended August 31, 2020

Balance, August 31, 2020 (unaudited)

Net loss for the three-months ended November 30, 2020

Balance, November 30, 2020 (unaudited)

Net loss for three-months ended February 28, 2021

Balance, February 28, 2021 (unaudited)

May 20, 2020, the Company approved a special resolution to undertake a forward split of the common stock of the Company on a basis of 50 new common shares for 1 old common share.

STATEMENT OF STOCKHOLDERS’ DEFICIT

FOR THE NINE-MONTH PERIOD FROM JUNE 1, 2019 TO FEBRUARY 29, 2020

Number of shares

Shares to be issued

Accumulated Deficit

FOR YEARS ENDED JUNE 1, 2021 AND AUGUST 31, 2021

Balance, May 31, 2021

Common shares sold

Net loss for the three months ending August 31, 2021

Balance, August 31, 2021

Common shares sold

Net loss for three-month period ended November 30, 2019

Balance, November 30, 2019

Common shares sold

Net loss for three-month ended February 29, 2020

Balance, February 29, 2020 (unaudited)

STATEMENT OF STOCKHOLDER’S DEFICIT

FOR THREE-MONTH ENDED JUNE 1, 2020 AND AUGUST 31, 2020

Balance, May 31, 2020

Net loss for the three-months ended August 31, 2020

Balance, August 31, 2020 (unaudited)

May 20, 2020, the Company approved a special resolution to undertake a forward split of the common stock of the Company on a basis of 50 new common shares for 1 old common share

The accompanying notes are an integral part of these financial statements.

STATEMENT OF CASH FLOWS

STATEMENTS OF CASH FLOWS

For the three months ending

CASH FLOWS FROM OPERATING ACTIVITIES

8 unchanged sentences

Advances from related party

Proceeds from shares to be issued

Payment of purchase common stock

Proceeds on sale of common stock

NET CASH PROVIDED BY FINANCING ACTIVITIES

6 unchanged sentences

NOTES TO FINANCIAL STATEMENTS

FEBRUARY 28, 2021 (Unaudited)

AUGUST 31, 2021 (Un-Audited)

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

4 unchanged sentences

To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $ 92,366 .

As at February 28, 2021, the Company has a working capital deficit of $62,625.The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses.

As at August 31, 2021, the Company has a working capital deficit of $ 73,476 .

The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses.

The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations.

1 unchanged sentence

The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required.

As of February 28, 2021, the Company has issued 50,000,000 founders shares for net proceeds of $3,990 and 14,900,000 private placement shares for net proceeds of $14,900 to the Company.

These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amount or amounts and classification of liabilities that might result from this uncertainty.

As of August 31, 2021, the Company has issued 50,000,000 founders shares for net proceeds of $ 3,990 and 14,900,000 private placement shares for net proceeds of $ 14,900 to the Company.

These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1 unchanged sentence

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q.

They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements.However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended May 31, 2019 included in the Company’s year-end financial statements on Form 10-K filed with the Securities and Exchange Commission.The unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-K.

They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements.

However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended May 31, 2021 included in the Company’s year-end financial statements on Form 10-K filed with the Securities and Exchange Commission.

The unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-K.

In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made.

Operating results for the nine-months ended February 28, 2021 are not necessarily indicative of the results that may be expected for the year ending May 31, 2021.

Operating results for the three-months ended August 31, 2021 are not necessarily indicative of the results that may be expected for the year ending May 31, 2022.

Use of Estimates and Assumptions

10 unchanged sentences

NOTES TO FINANCIAL STATEMENTS

FEBRUARY 28, 2021 (Unaudited)

AUGUST 31, 2021 (Un-Audited)

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

4 unchanged sentences

Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company.

As of February 28, 2021, there were no common stock equivalents outstanding.

As of August 31, 2021, there were no common stock equivalents outstanding.

The Company follows the liability method of accounting for income taxes.

Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards.Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled.

Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled.

The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

7 unchanged sentences

The Company has not adopted a stock option plan and has not granted any stock options.

As at February 28, 2021 the Company had not adopted a stock option plan nor had it granted any stock options.

As at August 31, 2021 the Company had not adopted a stock option plan nor had it granted any stock options.

Accordingly no stock-based compensation has been recorded to date.

2 unchanged sentences

NOTES TO FINANCIAL STATEMENTS

FEBRUARY 28, 2021 (Unaudited)

AUGUST 31, 2021 (Un-Audited)

NOTE 3 – COMMON STOCK

1 unchanged sentence

No preferred shares have been authorized or issued.

Total shares issued and outstanding as of November 30, 2020 is 64,900,000.

Total shares issued and outstanding as of August 31 is 64,900,000 .

On September 30, 2017, the Company issued 200,000,000 ( 4,000,000 pre-split) common shares at $ 0.00002 per share to the sole director and President of the Company.

5 unchanged sentences

All references in these financial statements to number of common shares, price per share and weighted average number of shares outstanding prior to the 50:1 forward split have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted.

NOTE 4 – PREPAID EXPENSES

As of August 31, 2021, the prepaid balance on our Balance Sheets is as follows;

Deposit Trust Company (DTC) - $ 20,000

NOTE 5 – RELATED PARTY TRANSACTIONS

During the nine-month ended February 28, 2021 the CEO, Reymund Guillermo, paid expenses of $21,934 on behalf of the Company and accrued CEO management fees of $7,500 for the period.

Total amount owed to the CEO as of February 28, 2021 is $57,991 (May 31, 2020- $28,557).

During the year ended August 31, 2021 the CEO, Reymund Guillermo, paid expenses of $ 5,941 on behalf of the Company for the period.

Total amount owed to the CEO as of August 31, 2021 is $ 87,340 (May 31, 2021- $ 81,398 ).

The amounts due to related party are unsecured and non- interest-bearing with no set terms of repayment.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements