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Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

Form 10-Q

 

Mark One

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended October 31, 2023

 

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to _______

 

Commission File No. 333-239589

 

EVENTIKO INC.
(Exact name of registrant as specified in its charter)

 

Nevada

(State or Other Jurisdiction of

Incorporation or Organization)

7990

(Primary Standard Industrial

Classification Number)

EIN 98-1535709

(IRS Employer

Identification Number)

 

1445 Woodmont Ln NW #2639 Atlanta, GA 30318

404-549-4542

eventikoinc@zohomail.com

(Address and telephone number of principal executive offices)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class Trading Symbol Name of Each Exchange on Which Registered
N/A N/A N/A

 

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒    No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒    No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐ Accelerated filer ☐
Non-accelerated filer ☒ Smaller reporting company ☒
  Emerging Growth Company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

 

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐   No ☒

 

At October 31, 2023, the number of shares of the Registrant’s common stock outstanding was 4,192,500.

 

   

 

 

TABLE OF CONTENTS

 

 

PART 1 FINANCIAL INFORMATION  
Item 1 Financial Statements (Unaudited) 3
  Balance Sheets 3
  Statements of Operations 4
  Statement of Stockholders’ Equity 5
  Statements of Cash Flows 6
  Notes to the Financial Statements 7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 10
Item 3. Quantitative and Qualitative Disclosures About Market Risk 12
Item 4. Controls and Procedures 12
     
PART II. OTHER INFORMATION  
Item 1 Legal Proceedings 13
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 13
Item 3 Defaults Upon Senior Securities 13
Item 4 Mine safety disclosures 13
Item 5 Other Information 13
Item 6 Exhibits 13
  Signatures 14

 

 

 

 2 

 

 

PART I - FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

EVENTIKO INC.

BALANCE SHEET

 

   October 31,
2023		  

April 30,

2023

 
   (Unaudited)   (Audited) 
ASSETS          
Current Assets          
Cash and cash equivalents  $–   $5,530 
Fixed Assets   –    11,000 
Total Current assets   –    16,530 
           
Total Assets  $–   $16,530 
           
LIABILITIES & STOCKHOLDERS' EQUITY          
Liabilities          
Accounts Payable  $750   $11,000 
Accrued Expenses   –    (24)
Related Party Loans   4,830    24,039 
Total Current liabilities   5,580    35,015 
           
Stockholders’ Equity          
Common stock, $0.0001 par value, 75,000,000 shares authorized; 4,192,500 shares issued and outstanding;   419    419 
Additional paid in capital   42,216    23,731 
Accumulated deficit   (48,215)   (42,635)
Total Stockholders’ Equity   (5,580)   (18,485)
           
Total Liabilities and Stockholders’ Equity  $–   $16,530 

 

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

 

 

 3 

 

 

EVENTIKO INC.

STATEMENT OF OPERATIONS

(Unaudited)

 

  

Three Months
Ended

October 31,

2023

  

Three Months
Ended

October 31,

2022

  

Six Months
Ended

October 31,

2023

  

Six Months
Ended

October 31,

2022

 
                 
Revenue  $–   $–    –    – 
                     
General and administrative expenses   4,830    3,236    5,580    12,346 
                     
Total operating expenses   4,830    3,236    5,580    12,346 
                     
                     
Net income (loss) from operations  $(4,830)  $(3,236)   (5,580)   (12,346)
Provisions from Income Taxes   –    –    –    – 
NET INCOME (LOSS)  $(4,830)  $(3,236)  $(5,580)   (12,346)
                     
Net Loss per common share:                    
Basic and Diluted  $(0.00)  $(0.00)   (0.00)   (0.00)
                     
Weighted Average Number of Common Shares Outstanding:                    
Basic and Diluted   4,192,500    4,192,500    4,192,500    4,192,500 

 

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

 

 

 4 

 

 

EVENTIKO INC.

STATEMENT OF STOCKHOLDERS’ EQUITY (UNAUDITED)

FOR THE QUARTER ENDED OCTOBER 31, 2023 & 2022

 

 

                          
   Common Stock   Additional Paid-in   Deficit   Total Stockholders’ 
   Shares   Amount   Capital   Accumulated   Equity 
                     
Inception, February 19, 2020   –   $–   $–   $–   $– 
                          
Shares issued for services at $0.0001 per share   3,000,000    300    –    –    300 
Net loss for the year ended April 30, 2020   –    –    –    (1,223)   (1,223)
                          
Balance, April 30, 2020 (Audited)   3,000,000   $300   $–   $(1,223)  $(923)
                          
Shares issued for cash at $0.02 per share in October, 2021   143,000    14    2,846    –    2,860 
Shares issued for cash at $0.02 per share in January, 2021   1,049,500    105    20,885    –    20,990 
Net loss for the year ended April 30, 2021   –    –    –   $(10,643)   (10,643)
                          
Balance, April 30, 2021 (Audited)   4,192,500   $419   $23,731   $(11,866)  $12,284 
                          
Net loss for the period ended April 30, 2022   –    –    –   $(20,832)   (20,832)
                          
Balance, April 30, 2022   4,192,500   $419   $23,731   $(32,699)  $(8,549)
                          
Net loss for the period ended April 30, 2023   –    –    –   $(9,936)   (9,936)
                          
Balance, April 30, 2023   4,192,500   $419   $23,731   $(42,635)  $(18,485)
                          
Gain on Related Party Forgiveness of Debt   –    –    18,485    –    18,485 
Net loss for the period ended July 31, 2023   –    –    –   $(750)   (750)
                          
Balance, July 31, 2023   4,192,500   $419   $42,216   $(43,385)  $(750)
                          
Net loss for the period ended October 31, 2023   –    –    –   $(4,830)   (4,830)
                          
Balance, October 31, 2023   4,192,500   $419   $42,216   $(48,215)  $(5,580)

 

See accompanying notes, which are an integral part of these financial statements

 

 

 5 

 

 

EVENTIKO INC.

STATEMENT OF CASH FLOWS

(Unaudited)

 

  

Six Months Ended

October 31,

2023

  

Six Months Ended

October 31,

2022

 
Operating Activities          
Net income (loss)  $(5,580)  $(12,346)
Accounts Payable / Accrued Expenses   (10,226)   (204)
Fixed Assets   11,000    – 
Net cash used in operating activities   (4,806)   (12,550)
           
Financing Activities          
Related party loans   (19,209)   10,676 
Proceeds from sale of common stock   –    – 
Add’l Paid in Capital   18,485    – 
Net cash provided by financing activities   (724)   10,676 
           
Net increase in cash and equivalents   (5,530)   (1,873)
           
Cash and equivalents at beginning of the period   5,530    1,899 
           
Cash and equivalents at end of the period  $–   $26 
           
Supplemental cash flow information:          
Cash paid for:          
Interest  $–   $– 
Taxes  $–   $– 

 

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

 

 

 6 

 

 

EVENTIKO INC.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR QUARTER ENDED OCTOBER 31, 2023 AND 2022

 

 

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

 

We were incorporated in the State of Nevada on February 19, 2022 (Inception). We maintain our statutory registered agent’s office at 3773 Howard Hughes Pkwy – Suite 500s, Las Vegas, NV 89169-6014. Our principal executive offices are located at 1445 Woodmont Ln NW #2639 Atlanta, GA 30318.

 

Eventiko Inc. will organize fashion events, parties, exhibitions, festivals and ceremonies initially in Thailand, but with plans at a later stage to spread our business to other Asian countries such as: Vietnam, Cambodia etc. Our main source of revenue from operations will be generated from customers paying a fee for our services. Our fee service will be 10-20% from the total price. We will be dedicated to working on clients event from conception through to final delivery. We will work with each and every client to develop a concept that provides a holistic solution for his needs, focusing on time management, target audience, budget and his overall vision.

 

Note 2 – GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company had accumulated deficit of $48,215 as of October 31, 2023 and $42,635 as of April 30, 2023. The Company currently has loses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 

Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation 

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year-end is April 30.

 

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company had $NIL of cash as of October 31, 2023.

 

 

 

 7 

 

 

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

 

These tiers include:

 

Level 1: defined as observable inputs such as quoted prices in active markets;
Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3:

defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

 

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

 

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Revenue Recognition

We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue from tours and services. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue.

 

Revenue is recognized when the following criteria are met:

 

• Identification of the contract, or contracts, with customer;
• Identification of the performance obligations in the contract;
• Determination of the transaction price;
• Allocation of the transaction price to the performance obligations in the contract; and
• Recognition of revenue when, or as, we satisfy performance obligation.

 

As of October 31, 2023 and April 30, 2023 the Company has not generated any revenue.

 

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2023 there were no potentially dilutive debt or equity instruments issued or outstanding.

 

Comprehensive Income

Comprehensive income is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of October 31, 2023 were no differences between our comprehensive loss and net loss.

 

 

 

 8 

 

 

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

 

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 

Risks and Uncertainties

In December 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries and infections have been reported globally.

 

The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations.

 

The measures taken to date will impact the Company’s business for the fiscal fourth quarter and potentially beyond. Management expects that all of its business segments, across all of its geographies, will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time.

 

Note 4 – RELATED PARTY TRANSACTIONS (LOAN FROM DIRECTOR)

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or director. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a signed promissory note.

 

As of October 31, 2023, our sole director has loaned to the Company $4,830. The previous loan has been transferred to Additional Paid in Capital.

 

Note 5 – COMMON STOCK

 

The Company has 75,000,000, $0.0001 par value shares of common stock authorized.

 

On February 21, 2020 the Company issued 3,000,000 shares of common stock to a director for services of $300 at $0.0001 per share.

 

In October 2020, the Company issued 143,000 shares of common stock to 4 shareholders for cash proceeds of $2,860 at $0.02 per share.

 

In November, December and January 2021, the Company issued 1,049,500 shares of common stock to 30 shareholders for cash proceeds of $20,990 at $0.02 per share.

 

There were 4,192,500 shares of common stock issued and outstanding as of October 31, 2023.

 

Note 6 – COMMITMENTS AND CONTINGENCIES

 

N/A

 

Note 7 – SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to October 31, 2023 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

 

The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

 

 

 

 

 

 

 9 

 

 

FORWARD LOOKING STATEMENTS

 

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

EMPLOYEES AND EMPLOYMENT AGREEMENTS

 

At present, we have no employees other than our officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees.

 

Results of Operation

 

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

 

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

 

Results of Operations Three months Ended October 31, 2023 & October 31, 2022

 

Revenue

 

We have not generated any revenues since our inception.

 

Operating Expenses

 

Our operating expenses for the three months ended October 31, 2023 and three months ended October 31, 2022 are summarized as follows:

 

  

Three Months Ended

October 31,

2023

  

Three Months Ended

October 31,

2022

 
Revenue   –    – 
General and administrative   4,830    3,236 
Total Operating Expenses  $(4,830)  $(3,236)

 

We have incurred expenses of $4,830 and $NIL for professional fees and incorporation fees.

 

 

 10 

 

 

Liquidity and Financial Condition

 

Working Capital

 

  

At October 31,

2023

  

At April 30,

2023

 
Current assets  $–   $5,530 
Current liabilities   (5,580)   (35,015)
Working capital  $(5,580)  $(18,485)

  

Our total current assets as of October 31, 2023 and April 30, 2023 were $Nil and $5,530. Our total current liabilities as of October 31, 2023 were $(5,580) as compared to total current liabilities $(35,015) of as of April 30, 2022. The decrease in current liabilities was attributed to director loan and paying company’s expenses being moved to Additional Paid in Capital when the company transferred ownership.

 

Cash Flows from Operating Activities

 

We used cash of $(0) and $(3,236) for operating activities for October months ended July 31, 2023 and 2022.

 

Cash Flows from Financing Activities

 

We have financed our operations primarily from either advancements or the issuance of equity and related party advances.

 

For the three months ended October 31, 2022, net cash from financing activities was $7,372 consisting of director loan;

 

For the three months ended October 31, 2023, net cash from financing activities was 4,830 and the $18,845 consisting of previous director loan being moved to Additional Paid in Capital.

 

Plan of Operation and Funding

 

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

 

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

 

 

 

 11 

 

 

Off-Balance Sheet Arrangements

 

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

 

Going Concern

 

The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

No report required.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of October 31, 2023. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three-months period ended October 31, 2023 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 

 12 

 

 

PART II. OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

No report required.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

No report required.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

No report required.

 

ITEM 6. EXHIBITS

 

Exhibits:

 

31.1   Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
31.2   Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)
32.1   Section 1350 Certifications
101.INS   Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH   Inline XBRL Taxonomy Extension Schema Document
101.CAL   Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF   Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB   Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE   Inline XBRL Taxonomy Extension Presentation Linkbase Document
104   Cover Page Interactive Data File (formatted in IXBRL, and included in exhibit 101).

 

 

 

 13 

 

 

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Eventiko Inc.  
   
   
Dated: November 28, 2023 By: /s/ Wei Zhong Wei Zhong, President, Treasurer, Secretary and Director (Principal Executive, Financial and Accounting Officer)
   

 

 

 

 

 

 

 14 

 

Exhibit 31.1

 

Certification of the Principal Executive Officer

 

I, Wei Zhong, Chief Executive Officer, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of Eventiko, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal three months (the registrant’s fourth fiscal three months in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 28, 2023 By: /s/ Wei Zhong          
  Wei Zhong
  Chief Executive Officer
  (Principal Executive Officer)

Exhibit 31.2

 

Certification of the Principal Financial Officer

 

I, Wei Zhong, Chief Financial Officer, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of Eventiko, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal three months (the registrant’s fourth fiscal three months in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 28, 2022 By: /s/ Wei Zhong          
  Wei Zhong
  Chief Financial Officer
  (Principal Financial and Accounting Officer)

Exhibit 32.1

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Report of Eventiko, Inc. (the “Company”) on Form 10-Q for the quarter ended October 31, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Wei Zhong, Principal Executive Officer and Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 that, to the best of my knowledge:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 28, 2022 By: /s/ Wei Zhong
    Wei Zhong
    Chief Executive Officer and Chief Financial Officer
v3.23.3
Cover
 6 Months Ended
Oct. 31, 2023
shares
Cover [Abstract]  
Document Type 10-Q
Amendment Flag false
Document Quarterly Report true
Document Transition Report false
Document Period End Date Oct. 31, 2023
Document Fiscal Period Focus Q2
Document Fiscal Year Focus 2024
Current Fiscal Year End Date --04-30
Entity File Number 333-239589
Entity Registrant Name EVENTIKO INC.
Entity Central Index Key 0001816554
Entity Tax Identification Number 98-1535709
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 1445 Woodmont Ln NW #2639
Entity Address, City or Town Atlanta
Entity Address, State or Province GA
Entity Address, Postal Zip Code 30318
City Area Code 404
Local Phone Number 549-4542
Entity Current Reporting Status Yes
Entity Interactive Data Current Yes
Entity Filer Category Non-accelerated Filer
Entity Small Business true
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period true
Entity Shell Company false
Entity Common Stock, Shares Outstanding 4,192,500
v3.23.3
Balance Sheet (Unaudited) - USD ($)
Oct. 31, 2023
Apr. 30, 2023
Current Assets    
Cash and cash equivalents $ 0 $ 5,530
Fixed Assets 0 11,000
Total Current assets 0 16,530
Total Assets 0 16,530
Liabilities    
Accounts Payable 750 11,000
Accrued Expenses 0 (24)
Related Party Loans 4,830 24,039
Total Current liabilities 5,580 35,015
Stockholders’ Equity    
Common stock, $0.0001 par value, 75,000,000 shares authorized; 4,192,500 shares issued and outstanding; 419 419
Additional paid in capital 42,216 23,731
Accumulated deficit (48,215) (42,635)
Total Stockholders’ Equity (5,580) (18,485)
Total Liabilities and Stockholders’ Equity $ 0 $ 16,530
v3.23.3
Balance Sheet (Unaudited) (Parenthetical) - $ / shares
Oct. 31, 2023
Apr. 30, 2023
Statement of Financial Position [Abstract]    
Common Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001
Common Stock, Shares Authorized 75,000,000 75,000,000
Common Stock, Shares, Issued 4,192,500 4,192,500
Common Stock, Shares, Outstanding 4,192,500 4,192,500
v3.23.3
Statement of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2023
Oct. 31, 2022
Income Statement [Abstract]        
Revenue $ 0 $ 0 $ 0 $ 0
General and administrative expenses 4,830 3,236 5,580 12,346
Total operating expenses 4,830 3,236 5,580 12,346
Net income (loss) from operations (4,830) (3,236) (5,580) (12,346)
Provisions from Income Taxes 0 0 0 0
NET INCOME (LOSS) $ (4,830) $ (3,236) $ (5,580) $ (12,346)
v3.23.3
Statement of Operations (Unaudited) (Parenthetical) - $ / shares
 3 Months Ended 6 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2023
Oct. 31, 2022
Income Statement [Abstract]        
Earnings Per Share, Basic $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Earnings Per Share, Diluted $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted Average Number of Shares Outstanding, Basic 4,192,500 4,192,500 4,192,500 4,192,500
Weighted Average Number of Shares Outstanding, Diluted 4,192,500 4,192,500 4,192,500 4,192,500
v3.23.3
Statement of Stockholders Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Feb. 19, 2020 $ 0 $ 0 $ 0 $ 0
Shares, Outstanding, Beginning Balance at Feb. 19, 2020 0      
Shares issued for services at $0.0001 per share $ 300 300
Stock Issued During Period, Shares, Issued for Services 3,000,000      
Net loss (1,223) (1,223)
Ending balance, value at Apr. 30, 2020 $ 300 0 (1,223) (923)
Shares, Outstanding, Ending Balance at Apr. 30, 2020 3,000,000      
Net loss (10,643) (10,643)
Shares issued for cash at $0.02 per share in October, 2021 $ 14 2,846 2,860
Stock Issued During Period, Shares, New Issues 143,000      
Shares issued for cash at $0.02 per share in January, 2021 $ 105 20,885 20,990
Stock issued during period, shares 1,049,500      
Ending balance, value at Apr. 30, 2021 $ 419 23,731 (11,866) 12,284
Shares, Outstanding, Ending Balance at Apr. 30, 2021 4,192,500      
Net loss (20,832) (20,832)
Ending balance, value at Apr. 30, 2022 $ 419 23,731 (32,699) (8,549)
Shares, Outstanding, Ending Balance at Apr. 30, 2022 4,192,500      
Net loss (9,936) (9,936)
Ending balance, value at Apr. 30, 2023 $ 419 23,731 (42,635) (18,485)
Shares, Outstanding, Ending Balance at Apr. 30, 2023 4,192,500      
Net loss (750) (750)
Gain on Related Party Forgiveness of Debt 18,485 18,485
Ending balance, value at Jul. 31, 2023 $ 419 42,216 (43,385) (750)
Shares, Outstanding, Ending Balance at Jul. 31, 2023 4,192,500      
Beginning balance, value at Apr. 30, 2023 $ 419 23,731 (42,635) (18,485)
Shares, Outstanding, Beginning Balance at Apr. 30, 2023 4,192,500      
Net loss       (5,580)
Ending balance, value at Oct. 31, 2023 $ 419 42,216 (48,215) (5,580)
Shares, Outstanding, Ending Balance at Oct. 31, 2023 4,192,500      
Beginning balance, value at Jul. 31, 2023 $ 419 42,216 (43,385) (750)
Shares, Outstanding, Beginning Balance at Jul. 31, 2023 4,192,500      
Net loss (4,830) (4,830)
Ending balance, value at Oct. 31, 2023 $ 419 $ 42,216 $ (48,215) $ (5,580)
Shares, Outstanding, Ending Balance at Oct. 31, 2023 4,192,500      
v3.23.3
Statement of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Oct. 31, 2023
Jul. 31, 2023
Oct. 31, 2022
Oct. 31, 2023
Oct. 31, 2022
Apr. 30, 2023
Apr. 30, 2022
Operating Activities              
Net income (loss) $ (4,830) $ (750) $ (3,236) $ (5,580) $ (12,346) $ (9,936) $ (20,832)
Accounts Payable / Accrued Expenses       (10,226) (204)    
Fixed Assets       11,000 0    
Net cash used in operating activities       (4,806) (12,550)    
Financing Activities              
Related party loans       (19,209) 10,676    
Proceeds from sale of common stock       0 0    
Add’l Paid in Capital       18,485 0    
Net cash provided by financing activities       (724) 10,676    
Net increase in cash and equivalents       (5,530) (1,873)    
Cash and equivalents at beginning of the period   $ 5,530   5,530 1,899 1,899  
Cash and equivalents at end of the period $ 0   $ 26 0 26 $ 5,530 $ 1,899
Cash paid for:              
Interest       0 0    
Taxes       $ 0 $ 0    
v3.23.3
ORGANIZATION AND NATURE OF BUSINESS
 6 Months Ended
Oct. 31, 2023
Accounting Policies [Abstract]  
ORGANIZATION AND NATURE OF BUSINESS

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

 

We were incorporated in the State of Nevada on February 19, 2022 (Inception). We maintain our statutory registered agent’s office at 3773 Howard Hughes Pkwy – Suite 500s, Las Vegas, NV 89169-6014. Our principal executive offices are located at 1445 Woodmont Ln NW #2639 Atlanta, GA 30318.

 

Eventiko Inc. will organize fashion events, parties, exhibitions, festivals and ceremonies initially in Thailand, but with plans at a later stage to spread our business to other Asian countries such as: Vietnam, Cambodia etc. Our main source of revenue from operations will be generated from customers paying a fee for our services. Our fee service will be 10-20% from the total price. We will be dedicated to working on clients event from conception through to final delivery. We will work with each and every client to develop a concept that provides a holistic solution for his needs, focusing on time management, target audience, budget and his overall vision.

 
v3.23.3
GOING CONCERN
 6 Months Ended
Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN

Note 2 – GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company had accumulated deficit of $48,215 as of October 31, 2023 and $42,635 as of April 30, 2023. The Company currently has loses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 6 Months Ended
Oct. 31, 2023
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation 

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year-end is April 30.

 

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company had $NIL of cash as of October 31, 2023.

 

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

 

These tiers include:

 

Level 1: defined as observable inputs such as quoted prices in active markets;
Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3:

defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

 

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

 

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Revenue Recognition

We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue from tours and services. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue.

 

Revenue is recognized when the following criteria are met:

 

• Identification of the contract, or contracts, with customer;
• Identification of the performance obligations in the contract;
• Determination of the transaction price;
• Allocation of the transaction price to the performance obligations in the contract; and
• Recognition of revenue when, or as, we satisfy performance obligation.

 

As of October 31, 2023 and April 30, 2023 the Company has not generated any revenue.

 

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2023 there were no potentially dilutive debt or equity instruments issued or outstanding.

 

Comprehensive Income

Comprehensive income is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of October 31, 2023 were no differences between our comprehensive loss and net loss.

 

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

 

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 

Risks and Uncertainties

In December 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries and infections have been reported globally.

 

The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations.

 

The measures taken to date will impact the Company’s business for the fiscal fourth quarter and potentially beyond. Management expects that all of its business segments, across all of its geographies, will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time.

 
v3.23.3
RELATED PARTY TRANSACTIONS (LOAN FROM DIRECTOR)
 6 Months Ended
Oct. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS (LOAN FROM DIRECTOR)

Note 4 – RELATED PARTY TRANSACTIONS (LOAN FROM DIRECTOR)

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or director. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a signed promissory note.

 

As of October 31, 2023, our sole director has loaned to the Company $4,830. The previous loan has been transferred to Additional Paid in Capital.

 
v3.23.3
COMMON STOCK
 6 Months Ended
Oct. 31, 2023
Equity [Abstract]  
COMMON STOCK

Note 5 – COMMON STOCK

 

The Company has 75,000,000, $0.0001 par value shares of common stock authorized.

 

On February 21, 2020 the Company issued 3,000,000 shares of common stock to a director for services of $300 at $0.0001 per share.

 

In October 2020, the Company issued 143,000 shares of common stock to 4 shareholders for cash proceeds of $2,860 at $0.02 per share.

 

In November, December and January 2021, the Company issued 1,049,500 shares of common stock to 30 shareholders for cash proceeds of $20,990 at $0.02 per share.

 

There were 4,192,500 shares of common stock issued and outstanding as of October 31, 2023.

 
v3.23.3
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

Note 6 – COMMITMENTS AND CONTINGENCIES

 

N/A

 
v3.23.3
SUBSEQUENT EVENTS
 6 Months Ended
Oct. 31, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

Note 7 – SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to October 31, 2023 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

 

The extent of the impact of the coronavirus (“COVID-19”) outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 6 Months Ended
Oct. 31, 2023
Accounting Policies [Abstract]  
Basis of presentation

Basis of presentation 

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year-end is April 30.

 
Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 
Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company had $NIL of cash as of October 31, 2023.

 
Fair Value of Financial Instruments

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

 

These tiers include:

 

Level 1: defined as observable inputs such as quoted prices in active markets;
Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3:

defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

 

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

 
Income Taxes

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 
Revenue Recognition

Revenue Recognition

We adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, and all related interpretations for recognition of our revenue from tours and services. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact on our reported revenue.

 

Revenue is recognized when the following criteria are met:

 

• Identification of the contract, or contracts, with customer;
• Identification of the performance obligations in the contract;
• Determination of the transaction price;
• Allocation of the transaction price to the performance obligations in the contract; and
• Recognition of revenue when, or as, we satisfy performance obligation.

 

As of October 31, 2023 and April 30, 2023 the Company has not generated any revenue.

 
Basic Income (Loss) Per Share

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2023 there were no potentially dilutive debt or equity instruments issued or outstanding.

 
Comprehensive Income

Comprehensive Income

Comprehensive income is defined as all changes in stockholders’ equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of October 31, 2023 were no differences between our comprehensive loss and net loss.

 
Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

 
Recent Accounting Pronouncements

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 
Risks and Uncertainties

Risks and Uncertainties

In December 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries and infections have been reported globally.

 

The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations.

 

The measures taken to date will impact the Company’s business for the fiscal fourth quarter and potentially beyond. Management expects that all of its business segments, across all of its geographies, will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time.

 
v3.23.3
GOING CONCERN (Details Narrative) - USD ($)
Oct. 31, 2023
Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Retained Earnings (Accumulated Deficit) $ 48,215 $ 42,635
v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
 6 Months Ended
Oct. 31, 2023
shares
Accounting Policies [Abstract]  
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0
v3.23.3
RELATED PARTY TRANSACTIONS (LOAN FROM DIRECTOR) (Details Narrative) - USD ($)
Oct. 31, 2023
Apr. 30, 2023
Related Party Transaction [Line Items]    
Related party loans $ 4,830 $ 24,039
Sole Director [Member]    
Related Party Transaction [Line Items]    
Related party loans $ 4,830  
v3.23.3
COMMON STOCK (Details Narrative) - USD ($)
 1 Months Ended 2 Months Ended 3 Months Ended 6 Months Ended
Feb. 21, 2020
Oct. 31, 2020
Apr. 30, 2020
Jan. 31, 2021
Oct. 31, 2023
Oct. 31, 2022
Apr. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Common Stock, Shares Authorized         75,000,000   75,000,000
Common Stock, Par or Stated Value Per Share         $ 0.0001   $ 0.0001
Stock Issued During Period, Value, Issued for Services     $ 300        
Proceeds from Issuance of Common Stock         $ 0 $ 0  
Common Stock, Shares, Issued         4,192,500   4,192,500
Common Stock, Shares, Outstanding         4,192,500   4,192,500
Director [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Stock Issued During Period, Shares, Issued for Services 3,000,000            
Stock Issued During Period, Value, Issued for Services $ 300            
Four Shareholders [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Stock Issued During Period, Shares, New Issues   143,000          
Proceeds from Issuance of Common Stock   $ 2,860          
Thirty Shareholders [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Stock Issued During Period, Shares, New Issues       1,049,500      
Proceeds from Issuance of Common Stock       $ 20,990      
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