Cinderella Target Value Zones Inc
FORM 10-Q FINANCIAL REPORT FOR NINE MONTH PERIOD ENDED SEPTEMBER 30, 2019
Financial Report Pursuant to
Section 13 or 15(d) of the
Securities Exchange Act of 1934
November 25, 2019
Telephone: (212) 660 2285
CIK: 0000794929
Symbol CTVZ
SIC Code: 6199 Finance Services
Industry: Investment Management & Fund Operators
Sector: Financials
Fiscal Year 12/31
Cinderella Target Value Zones Inc
(Exact name of registrant as specified in its charter)
The number of shares outstanding of each of the Registrants classes of common
equity, as of the date of this Information Statement, are as follows:
Common Stock, $0.001 par value 131,667,254
(Class of Securities Quoted) (Number of Shares Outstanding)
17240M 105
(CUSIP Number)
(Formerly 16948G105)
NEVADA 83-3352931
(State of other jurisdiction of
incorporation or organization) Federal ID Number
40 Wall Street, 28th Floor,
New York, NY 10005 USA
(Address of Principal Executive Office, including Zip Code)
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USA +1 212 660 2285
(Issuers telephone number, including area code)
PART 1 FINANCIAL INFORMATION
FOREWORD:
The new management of the company is filing this Form 10-Q under
Section 1320.4 of SEC Financial Reporting Manual outlining Delinquent
Filers Program. For the nine month period ended September 30, 2019,the
company qualified as an Inactive Registrant as per Section 1320.2 of SEC
Financial Reporting Manual and is therefore not required to file audited
financial statements.
Also, for the same entire period of this 10-Q, the company essentially
existed as a a non- active Shell Company which had nominal assets, minimal
expenses and no material operations and consequently certain comparative
quarterly financial information has been omitted from this form 10-Q.
OVERVIEW OF DELINQUENT FILINGS
Before this filing, the company was current in its SEC reporting
requirements.
REASONS FOR PREVIOUS FILING DELINQUINCIES
The existing management and majority shareholders first acquired control of
the company on October 14, 2018.The previous management of the company, when
filing form 10-12G. back in August 2013, subsequently activated an ongoing SEC
filing obligation, pursuant to federal securities laws. Unfortunately, shortly
after filing said Form 10-12G, the management of the day then abandoned the
business along with ceasing all business activities including all mandatory
filings, communications and correspondence with regulatory agencies, including
the company Stock Transfer Agent. Neither the new management, nor the previous
management from 2016 onwards, have had access to any pre-2016 company records
or other financial information as the management of the company from 2013 to
2016 was completely absent. This situation can be evidenced by that fact that
the company affairs were ultimately assigned by court order to custodian Barton
Hollow LLC on July 22nd, 2016.
Extensive and exhaustive attempts in the course of due diligence have been made
by the new management to contact said previous management regarding these
delinquencies but difficulties have been compounded by the fact that said
individuals then and now, still only conduct business and reside in China,
creating significant communication difficulties both geographical and
linguistic. Thus, with regard to the missing reports after form 10 was filed,
in the course of our due diligence, we have made all reasonable attempts to
locate previous management but without success. Consequently, there can be no
possibility, especially given the length of time that has elapsed, of
providing comprehensive financial reports, audited or otherwise, for the
periods in question.
NOTES TO FINANCIAL STATEMENTS FOR NINE MONTHS ENDED SEPTEMBER 30, 2019
(UNAUDITED)
NOTE 1: ORGANIZATION AND DESCRIPTION OF BUSINESS
The company was originally incorporated as New Bridge Capital, Inc on July 22,
1999, in the State of Nevada. In June 2005, the company changed its name from
New Bridge Capital, Inc. to Seahaven Corp to reflect the change in the Company
focus. On December 20, 2008 a group of individuals from Peoples Republic of
China, acquired 67% of the total issued and outstanding shares of common stock
of the Company. On December 23, 2008, a group of individuals from Peoples
Republic of China, acquired all the 2,000,000 shares of issued and outstanding
convertible preferred stock. Subsequently, on January 15, 2009 the company
changed its name from Seahaven Corp., to China Travel Resort Holdings, Inc.
On April 23, 2019 the company changed their name to
Cinderella Target Value Zones Inc.
On May 19, 2016 Barton Hollow, LLC, a Nevada limited liability company, and
stockholder of the Issuer, filed an Application for Appointment of Custodian
pursuant to Section 78.347 of the Act in the District Court for Clark County,
Nevada. Barton Hollow was subsequently appointed custodian of the Issuer by
Order of the Court on July 22, 2016 (the Order). In accordance with the
provisions of the Order, Barton Hollow thereafter moved to: (a) reinstate
the Issuer with the State of Nevada; (b) provide for the election of interim
officers and directors; and (c) call and hold a stockholder meeting. In
addition, Barton Hollow, LLC elected Adam S. Tracy as the lone director and
officer of the Issuer.
Since then pursuant to a stock purchase agreement, on October 22nd 2018,
Mr. Aidan Doyle was appointed President & CEO. Subject to holding a special
meeting of the Issuer stockholders, Barton Hollow will petition the District
Court to discharge the custodianship as soon as is practical.
Also, in October 2018, the Company changed its primary focus from selling
tourist booklets, developing, managing and operating tourist sites and resorts
in China to financial services and began to execute plans to launch and manage
a $500 Million US Dollar Qualified Opportunity Zone Fund.
The new Fund will be managed by Registered Investment Advisor Bellwether
Capital Management LP. The above fund is in the development stage and, as of
Sept 30, 2019, had not realized any significant revenues from its planned
operations. The Company's year-end is December 31.
BASIS OF PRESENTATION
The following unaudited financial statements have been prepared in accordance
with US Generally Accepted Accounting Principles for financial information and
with the instructions for Form 10-Q as promulgated by the Securities and
Exchange Commission (SEC). Accordingly, these financial statements do not
include all of the disclosures required by generally accepted accounting
principles in the United States of America for complete financial statements.
These unaudited financial statements should be read in conjunction
with the Company subsequently provided unaudited financial statements 10-Q and
10-K included in subsequent Company filings. In the opinion of management,the
unaudited financial statements furnished herein include all adjustments, both
of a normal recurring nature and extraordinary items,necessary for a fair
statement of the results for the period presented. All adjustments were of a
normal recurring nature.
ITEM 1A: RISK FACTORS
We are a smaller reporting company as defined by Rule 12b-2 of the Securities
Exchange Act of 1934 and are not required to provide the information under this
item.
ITEM 2: PROPERTIES
Throughout the entire nine month period ended September 30, 2019 the company
did not own any property.
ITEM 3: LEGAL PROCEEDINGS
As of September 30, 2019, the Company may possibly be subject various legal
proceedings, claims, liability, administrative sanctions, regulatory penalties
and covenant violations from the SEC resulting from previous non-compliance
with its reporting requirements under the Securities Exchange Act 0f 1934.
However, the outcome of such legal proceedings and claims brought against the
Company is subject to significant uncertainty. Therefore, although management
considers the likelihood of such an outcome to be remote, if one or more of
these legal matters were resolved against the Company in a reporting period
for amounts in excess of management expectations, the Company financial
statements for that reporting period could be materially adversely affected.
PART 1l OTHER INFORMATION
ITEM 4: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
We are a smaller reporting company as defined by Rule 12b-2 of the Securities
Exchange Act of 1934 and are not required to provide the information under this
item.
NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following are summarized accounting policies considered to be significant
by the Company management:
Accounting Method
The Company uses the accrual method of accounting in accordance with accounting
principles generally accepted in the United States of America.
Cash and Cash Equivalents
For purposes of its statement of cash flows, the Company considers all short-
term debt securities purchased with a maturity of three months or less to be
cash equivalents.
Development Stage Activities
The primary focus of the company is financial services. However, this activity
to date has not been sufficient for recognition as an operating company.
(See FOREWORD)
Going Concern
The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As shown in the accompanying
financial statements, the Company incurred a net loss of $38,505 for
the nine month period ended September 30, 2019 and has an accumulated deficit
since inception of approximately $113,864. The Company has limited resources
and negative working capital. The future of the Company is dependent upon
future profitable operations. For the twelve-month period subsequent to nine
month period ended September 30, 2019, the Company anticipates that its
minimum cash requirements to continue as a going concern will be
approximately $40,000. The anticipated source of funds is the issuance for
cash of additional equity instruments. The financial statements do not include
any recoverability and classification of recorded assets, or the amounts and
classification of liabilities that might be necessary in the event the Company
cannot continue in existence. Management has established plans to seek
additional capital from new equity securities issuances that will provide
funds needed to increase liquidity, fund internal growth and fully implement
its business plan.
Other Income
During the nine month period ended September 30, 2019 the Company had no
income, operating or otherwise.
Revenue Recognition
The Company recognizes revenue when products are fully delivered or services
have been provided and collection reasonably assured.
Use of Estimates
The process of preparing financial statements in conformity with accounting
principles generally accepted in the United States of America requires the
use of estimates and assumptions regarding certain types of assets,
liabilities, revenues, and expenses. Such estimates primarily relate to
unsettled transactions and events as of the date of the financial statements.
Accordingly, upon settlement, actual results may differ from estimated amounts.
ITEM 5. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures - We maintain Disclosure
Controls and Procedures, as such term is defined in Rule 13a-15(e) under the
Securities Exchange Act of 1934 (the Exchange Act), that are designed to
ensure that information required to be disclosed in our Exchange Act reports
is recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission rules and forms, and that
such information is accumulated and communicated to our management, including
our Chief Executive Officer and Vice President, as appropriate, to allow timely
decisions regarding required disclosure. We conducted an evaluation under the
supervision and with the participation of our Chief Executive Officer and Vice
President, of the effectiveness of the design and operation of our disclosure
controls and procedures as of the end of the period covered by this report
pursuant to Rule 13a-15 of the Exchange Act. Based on this Evaluation, our
Chief Executive officer and Vice President concluded that our Disclosure
Controls were effective as of the end of the period covered by this report.
Changes in Internal Controls Over Financial Reporting - We have also evaluated
our internal controls for financial reporting, and there have been no
significant changes in our internal controls or in other factors that could
significantly affect those controls subsequent to the date of our last
evaluation.
NOTE 3. COMMON STOCK
As of the date of this Information Statement, there are 131,667,254 shares of
the Company common stock issued and outstanding. At the balance sheet date
of September 30, 2019 there were 131,667,254 shares of the Company common
stock issued and outstanding. No securities were issued during the nine months
ended September 30, 2019.
NOTE 4. RELATED PARTY TRANSACTIONS
During the nine months ended September 30, 2019, there were no related party
transactions. However, as of the date of this information statement,
the Company President and Vice-President have advanced $50,000 to the
Company in order for the Company to meet its current financial obligations.
NOTE 5 CONVERTIBLE DEBT
During the nine month month period ended September 30, 2019, the Company had
no convertible debt.
NOTE 6. COMMITMENTS AND CONTINGENCIES
As of September 30, 2019, the Company has a contingent liability for SEC
administrative sanctions, regulatory penalties and covenant violations
resulting from previous non-compliance with its reporting requirements under
the Securities Exchange Act 0f 1934.
ITEM 6. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
Since our acquisition of the Company in October 2018, we have been bringing
the Company affairs up to date. As evidenced by the financial statements
included herein, for the nine month period ended September 30, 2019, the
company was dormant and had no operations. The directors and officers of
the company have been entirely funding the Company activities and corporate
expenses. No revenues were generated during the nine month period ended
September 30, 2019. At September 30, 2019, we had negative working capital
of $48,688 Compared to negative working capital of $66,737 at September 30,
2018. This was due to a decrease in current liabilities. Accounts payable
decreased from $66,464 at Seeptember 30, 2018 to $48,656 at September 30,
2019. At September 30, 2019, we had no primary assets and our primary
liabilities consisted of accounts payable.
Liquidity and Capital Resources
We continue to maintain a cash balance in order to fulfill our financial
commitments. This cash balance or burn rate required to fulfill our financial
commitments is $3,200 per month. The approximate amount of time through which
our current assets will fund existing operations, barring additional unforeseen
expenses is approximately zero. We do not intend to hire additional employees
at this time.
FORWARD-LOOKING STATEMENTS
Our disclosure and analysis in this Information Report contains some forward-
looking statements. Certain of the matters discussed concerning our operations,
cash flows, financial position, economic performance and financial condition,
including, in particular, future sales, product demand, the market for our
services, competition, exchange rate fluctuations and the effect of economic
conditions include forward-looking statements. Statements that are predictive
in nature, that depend upon or refer to future events or conditions or that
include words such as "expects," "anticipates," "intends," "plans," "believes,"
"estimates" and similar expressions are forward-looking statements. Although
we believe that these statements are based upon reasonable assumptions,
including projections of orders, sales, operating margins, earnings, cash flow,
research and development costs, working capital, capital expenditures and
other projections, they are subject to several risks and uncertainties, and
therefore, we can give no assurance that these statements will be achieved.
We undertake no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise. You are
advised, however, to consult any additional disclosures we make. These are
factors that we think could cause our actual results to differ materially from
expected results. Other factors besides those listed here could also adversely
affect us. Our officers and directors have indicated that they are unwilling to
make any commitment to loan additional capital at this time, other than to pay
ongoing fees connected with regulatory and working capital requirements.
Accordingly, our officers and directors are under no legal obligation to make
additional capital contributions to us in the future. Should we require
additional funds and are unable to raise said funds, we will either have to
suspend operations until we do raise the funds, or cease operations entirely.
Delivery of this information and disclosure statement does not imply that the
information contained herein is correct as of any time subsequent to the date
first written above.
Limited Operating History; Need for Additional Capital
We are at present a development stage corporation and as such yet to generate
minimal revenues from operations. We cannot guarantee we will be successful
in our business operations. Our business is now subject to all the risks
inherent in the establishment of a new business enterprise, including limited
capital resources, and possible cost overruns due to price and cost increases
in services. In order to become profitable and competitive, we must continue
to pursue our new business model for the Company. We continue to seek equity
financing to provide for the capital required. We have no assurance that future
financing will be available to us on acceptable terms. If financing is not
available on satisfactory terms, we may be unable to continue operations.
Additional equity financing may result in additional dilution to existing
shareholders.
PART II OTHER INFORMATION
ITEM 7: MARKET FOR REGISTRANT COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASE OF EQUITY SECURITIES
Security Information
The Company's Amended Articles of Incorporation authorizes it to issue
up to 975,000,000 shares of common stock, and 25,000,000 shares of preferred
stock with a par value of one- tenth of one cent ($0.001) per share.
Trading Symbol: CTVZ OTC (Pink)
Exact Title & Class of Securities Outstanding:
Common CUSIP: 16948G105
Par or Stated Value: $0.001 per Share
Total Shares Authorized (as of Sept 30, 2019): 975,000,000
Total Shares Outstanding (as of Sept 30, 2019): 131,667,254
Exact Title & Class of Securities Outstanding: Preferred Class A
Par or Stated Value: $0.001 per Share
Total Shares Authorized (as of Sept 30, 2019); 25,000,000
Total Shares Outstanding (as of Sept 30,2019): 2,000,000
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The company Stock Transfer Agent, who were appointed on June 1, 2009, are:
Pacific Stock Transfer
6275 Via Austin Parkway Suite300
Las Vegas Nevada, 89119
The transfer agent is registered under the Exchange Act.
On May 22, 2019 the company chnaged their CUSIP number from 16948G105 to
17240M 105
* List Any Restrictions on the Transfer of the Securities
None.
* Describe Any Trading Suspension Orders Issued by SEC in the Past 12 Months
None.
*List Any Stock Split, Stock Dividend, Recapitalization, Merger, Acquisition,
Spin-Off or Reorganization either Currently Anticipated or that Occurred
within the Past 12 Months.
None
Issuance History.
As of the date of this Information Statement, there are 131,667,254 shares of
the Company common stock issued and outstanding. During the preceding two (2)
years, the Company has issued the following securities as part of a share
purchase agreement,on October 22nd, 2018: 75,000,000 (Seventy-Five Million)
restricted Ordinary Shares were assigned to the following parties:
Newly-appointed and current CEO: Aidan Doyle: 37,000,000
(Thirty-Seven Million) restricted Ordinary Shares and newly-appointed and
current Vice-President, Katherine L. Menera: 38,000,000 (Thirty-Eight Million)
restricted Ordinary Shares.
Financial Statements
See Exhibits.
Issuer Facilities.
We currently lease office space at 40 Wall Street, 28th Floor, New York, NY,
10005. The Company pays $2,500 per month pursuant to terms of a lease ending
in December 2019.
Officers, Directors and Control Persons
Names of Officers, Directors and Control Persons
The following table sets forth certain information furnished by the following
persons, or their representatives, regarding the ownership of the Common Shares
of the Company as of the date of this report, by (i) each person known to the
Company to be the beneficial owner of more than 5% of the outstanding shares of
Common Stock, (ii) each of the Company's executive officers and directors, and
(iii) all of the Company's executive officers and directors as a group. Unless
otherwise indicated, the named person is deemed to be the sole beneficial owner
of the shares.
Name of Beneficial Owner: Number of Shares: Percentage:
Xiapeng Wang 18,599,617 32.82 %
Yung Kung Chin 11,792,628 8.96 %
Aidan Doyle 37,000,000 28.10 %
Katherine Menera 38,000,000 28.86 %
Totals 75,000,000 56.96 %
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Beneficial Shareholders.
Provide a list of the name, address and shareholdings or the percentage of
shares owned by all persons beneficially owning more than ten percent (10%) of
any class of the issuer equity securities. If any of the beneficial
shareholders are corporate shareholders, provide the name and address of the
person(s) owning or controlling such corporate shareholders and the resident
agents of the corporate shareholders.
Name Address No. of Shares Percentage
Xiaopeng Wang Room 207, Zhenhai Plaza, Building 10, 18,599,617 14.09%
No. 319 Xingjian Road,
High and New Tech Zone, Shijiazhuang,
Hebei Province, China 050000
Fengxiang Zhu Room 207, Zhenhai Plaza, Building 10, 11,792,628 8.96%
No. 319 Xingjian Road,
High and New Tech Zone, Shijiazhuang,
Hebei Province, China 050000
Aidan Doyle 40 Wall Street, 28th Floor, 37,000,000 28.10%
New York, New York 10005
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Katherine Menera 1113 York Avenue, Apt 6C 38,000,000 28.86%
New York, New York 10065
Note 14 Subsequent Events
These unaudited financial statements should be read in conjunction with the
Company subsequently provided unaudited financial statements for the most
recent quarterly 10-Q and 10-K filings.
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 on this 25th day of November, 2019.
Cinderella Target Value Zones Inc
BY: Aidan Doyle: Chief Executive Office and member of the Board of Directors
BY: Katherine L. Menera: Vice President and member of the Board of Directors
EXHIBITS
The following documents are attached hereto as exhibits and are incorporated
herein.
Exhibit No. Document Description
A
Certification of Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
B
Certification of Vice-President pursuant Section 302 of the
Sarbanes-Oxley Act of 2002
C
Certification of Chief Executive Officer pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.
D
Certification of Vice President pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
E
Income statement for nine months ended September 30, 2019
F
Balance Sheet as at September 30, 2019
G
Cash Flow Statement for nine months ended September 30, 2019
EXHIBIT A.
SARBANES-OXLEY SECTION 302(a) CERTIFICATION
I, Aidan Doyle, certify that:
1. I have reviewed this Form 10-Q for the nine months ended September 30, 2019
of Cinderella Target Value Zones 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 controls 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 principals.
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 quarter (the registrant's fourth fiscal quarter in the case of an annual
report) that has materially affected, or is reasonably likely to materially
affect, the registrant 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 25, 2019 AIDAN DOYLE Chief Executive Officer
Exhibit B:
SARBANES-OXLEY SECTION 302(a) CERTIFICATION
I, Katherine L. Menera certify that:
1. I have reviewed this Form 10-Q for the nine months ended September 30, 2019
of Cinderella Target Value Zones 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 controls 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 principals;
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 quarter (the registrant's fourth fiscal quarter in the case of an 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 25, 2019 KATHERINE L. MENERA Vice President
EXHIBIT C:
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 Form 10-Q report for nine months ended September 30,
2019 of Cinderella Target Value Zones Inc (the "Company") as filed with the
Securities and Exchange Commission on the date hereof (the "report"), I,
Aidan Doyle, Chief Executive 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:
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 this Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.
Dated: November 25, 2019. Aidan Doyle Chief Executive Officer
EXHIBIT D:
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 Form 10-K report for nine months ended September 30,
2019 of Cinderella Target Value Zones Inc (the "Company") as filed with the
Securities and Exchange Commission on the date hereof (the "report"), I,
Katherine Menera, Vice President 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:
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 this Report fairly presents, in all
material respects, the financial condition and results of operations
of the Company.
Dated: November 25, 2019 KATHERINE L. MENERA Vice-President
Cinderella Target Value Zones Inc Income Statement
Exhibit E. For nine months ended Sept 30, 2019
Revenue P/E 9/30/2019 P/E 9/30/2018
Sales revenue
Other revenue
Total Revenues 0 0
Expenses
State Registration Fees 2,670 675
Legal & Professional 4,280 900
Transfer Agent Fees 8,800 1,235
Printing, Postage & Stationery 646 207
Office Supplies 1.102 131
Office Rent & Utilities 9,750 450
Telephone 1,885 233
Travel 7,128 80
Depreciation (see Notes) 444 169
Web Hosting & Domains 620 367
Advertising and Marketing 1,180 77
Total Expenses 38,505 4,524
Net Income/ (loss) Before Taxes (38,505) (4,524)
Income tax expense
Income/(Loss) from Operations (38,505) (4,524)
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Below-the-Line Items
Extraordinary items: Non-Controlling Interest
Net Income/ (loss) for period (38,505) (4,524)
Cinderella Target Value Zones Inc Balance Sheet
Exhibit F. Sept 30, 2019
Assets 9/30/2019 9/30/2018
Current Assets
Cash 644 87
Accounts receivable 145
Prepaid expenses 225 95
Total current assets 869 327
Fixed (Long-Term) Assets
Long-term investments 1,208 400
Computer & Office Equip 3,951 1,500
(Less accumulated depreciation) (838) (619)
Total fixed assets 5,190 1,608
Other Assets
Deferred income tax
Total Other Assets 0 0
Total Assets 5,190 1,608
Liabilities and Owner's Equity
Current Liabilities
Accounts payable 48,656 66,464
Short-term loans and deposits 900 600
Total current liabilities 49,556 67,064
Long-Term Liabilities
Directors Loan Accounts 69,498 8,276
Total long-term liabilities 69,498 8,276
Shareholders Equity
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Preferred stock par value $0.001 25,000,000 shares authorized
2,000,000 shares designated as Class A preferred stock
Class A Preferred stock par value $0.001 2,000 shares designated
2,000,000 shares issued and outstanding
2,000 2,000
Common stock par value $0.001 975,000 shares aithorized
28.76.754 shares issued and outstanding
56,667,254 shares issued and outstanding (Note 3)
2,877 2,877
Additional paid-in capital (4,877) (4,877)
Shareholder's Opening Equity (75,359) (69,208)
Profit/)Loss) retained earnings for period
(38,505) (4,524)
Shareholders's closing Equity
Total owner's equity (113,864) (73,732)
Total Liabilities and Owner Equity 5,190 1,608
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Cinderella Target Value Zones Inc
Cash Flow Statement
Exhibit G. 9/30/2019
For nine months ended 9/30/2019
Cash at beginning of period 76
Operations
Cash receipts from
Customers
Other Operations
Cash paid for
Ceneral operating and administrative expenses (38,505)
Net Cash Flow from Operations (38,505)
Investing Activities
Cash receipts from
Collection of principal on loans 808
Deposit against investment securities
Cash paid for
Purchase of property and equipment (2,451)
Purchase of investment securities
Net Cash Flow from Investing Activities (1,643)
Financing Activities
Cash receipts from
Issuance of stock 12,500
Borrowing and Directors Loans 28,216
Cash paid for
Repurchase of stock (treasury stock)
Repayment of loans
Dividends
Net Cash Flow from Financing Activities 40,716
Net Increase in Cash 568
Cash at end of period 644
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