10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

OMBAPPROVAL

OMB Number:3235-0070

Expire: September 30, 2018

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FORM 10-Q

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

For the quarterly period ended: June 30, 2018

or

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

For the transition period from                 to

Commission file number: 333-210916

Landbay Inc (Exact name of registrant as specified in its charter)

New York (State or other jurisdiction of incorporation or organization)

81-1260549 (I.R.S. Employer Identification Number)

3906 Main Street, 207, Flushing, NY11354 (Address of principal executive offices) (Zip Code)

646-508-6285 (Registrant's telephone number, including area code)

None (Former name, former address and former fi scal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be fi led by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 [ X ]    No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).    Yes [ X ]    No [ ]

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

Large accelerated filer [ ]                                                     Accelerated filer [ ]

Non-accelerated filer [ ] (Do not check if a smaller reporting company)       Smaller reporting company [ X ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes [ ]    No [X]

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.    Yes [ X ]   No [ ]

On June 30, 2018, the registrant had 9,638,650 shares of Class A common stock outstanding.

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LANDBAY INC
FORM 10-Q
TABLE OF CONTENTS

NOTE ABOUT FORWARD-LOOKING STATEMENTS
PART I : FINANCIAL INFORMATION	3
Item 1. Financial Statements	3
Balance Sheets	3
Comparative Statements of Revenues and Expenses	3
Statements of Revenues and Expenses	4
Statements of Changes in Stockholder's Equity	4
Statement of Cash Flows	4
Notes to Financial Statements	5
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	7
Item 3. Quantitative and Qualitative Disclosures About Market Risk	10
Item 4. Controls and Procedures	10
PART II : OTHER INFORMATION	10
Item 1. Legal Proceedings	10
Item 1A. Risk Factors	10
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	10
Item 5. Other Information	10
Item 6. Exhibits	10
SIGNATURES	10

2 Back to Top NOTE ABOUT FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements.

These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in Part II, Item 1A, "Risk Factors" in this Quarterly Report on Form 10-Q. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make.

We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Unless expressly indicated or the context requires otherwise, the terms "Landbay," "company," "we," "us," and "our" in this document refer to Landbay Inc., a New York corporation.

PART I : FINANCIAL INFORMATION

Item 1. Financial Statements

LANDBAY INC.
FINANCIAL STATEMENTS (UNAUDITED)
JUNE 30, 2018

LANDBAY INC
BALANCE SHEETS (UNAUDITED)
AS OF JUNE 30, 2018 ASSETS

	June 30, 2018	March 31, 2018
Current assets:
Cash & cash equivalents	$8,417	$1,496
Short Term Investment	$66,703	$40,887
Total current assets	$75,120	$42,383
Other assets:
Notes Receiveble	$44,000	$25,000
TOTAL ASSETS	$119,120	$67,383

LIABILITIES AND STOCKHOLDER'S EQUITY

Current Liabilities:
Account payable	-	-
Tax payable	-	-
Loans payable	-	-
Total current liabilities	-	-
Stockholder's equity:
Common Stock: 0.001 Par Value; 999,000,000 Shares authorized; 9,990,000 share issued; 9,638,650 shares outstanding	$9,990	$9,990
Additional paid-in capital	$89,061	$67,639
Retained earnings (Deficit)	$20,420	$(9,895)
Less: Treasury Stock, 351,350	$(351)	$(351)
Total stockholder's equity	$119,120	$67,383
Total liabilities and stockholder's equity	$119,120	$67,383

LANDBAY INC
STATEMENT OF REVENUES AND EXPENSES (UNAUDITED)
FOR THE THREE MONTHS ENDED JUNE 30, 2018 and 2017

	April 1, 2018- June 30, 2018	April 1, 2017- June 30, 2017
Revenues:
Realized Gain (loss) from Investment	$39,444	$10
Trading Commissions	-	$2
Interest and Dividend Income	$1,102	-
Unrealized Gain (lose) from Investment	$(3,388)	$605
Less: (Fee and cpmmission expense)	$(356)	-
Net profit(lose)	$36,802	$617
Expenses:
Bank Service Charge	$124	$76
Custodian Fees	$90	$36
Account Fees	-	$219
Office Supplies	-	-
Franchines Tax	-	-
Legal & professional	$6,275	-
Total Expenses	$6,489	$331
Excess of Revenues over Expenses before Taxes	$30,313	$286
Provision for Taxes
NY State Tax	-	-
NYC Tax	-	-
Net income (loss)	$30,313	$286

- LANDBAY INC
STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY (UNAUDITED)
FOR THE THREE MONTHS ENDED JUNE 30, 2018

Shareholder's equity-April 1, 2018	$67,383
Add: Net (Lose) for the period from April 01, 2018 to June 30, 2018	$30,313
Add: Additional paid-in capital from April 01, 2018 to June 30, 2018	$21,424
Less: (Treasury Stocks)	-
Shareholder's equity-June 30, 2018	$119,120

LANDBAY INC
STATEMENT OF CASH FLOWS (UNADITED)
FOR THE THREE MONTHS ENDED JUNE 30, 2018 AND 2017

	April 1, 2018- June 30, 2018	April 1, 2017- June 30, 2017
Cash flows from operating activities:
Net Income (lose)	$30,313	$286
Adjustments to reconcile net income to net cash provided by operations activities:
Depreciation	-	-
(Increase)decrease in assets:
Account receivables	-	-
Short term investments	$(25,816)	$(38,376)
(Increase)decrease in liabilities:
Account payables	-	-
Net cash provided by (used in) operating activities	$4,497	$(38,090)
Cash flows from investing activities:
Long term investments	-	-
Net cash provided by (used in) investing activities	-	-
Cash flows from financing activities:
Notes Receivable	$(19,000)	-
Loans Received (Loans Pay off)	-	$20,000
Capital stock	-	-
Additional paid-in (paid-out) capital	$21,424	$63,680
Treasury Stocks	-	-
Net cash provided by (used in) financing activities	$2,424	$83,680
Net increase (decrease) in cash and cash equivalents	$6,921	$45,590
Cash and cash equivalent-April 01, 2018 and April 01, 2017	$1,496	$12,489
Cash and equivalents-June 30, 2018 and June 30, 2017	$8,417	$58,079
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest expenses	-	-
Tax expenses	-	-

4 Back to Top LANDBAY INC
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
JUNE 30, 2018

NOTE 1. ORGANIZATION AND BUSINESS ACTIVITIES

Landbay Inc., the Company, incorporated in the State of New York on January 28, 2016, is engaged in the investment activities of the spot gold and silver trading.

During in its initial operations, the company opened a trading account in Bullion Vault which the brokerage firm registered in England to start trading activities. Currently the Company only trades in spot silver in the Canadian Markets and trading equity securities in US markets

Additionally, as of January 30, 2018 the Company began trading Whisky in United Kingdom's markets.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Basis of Presentation

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).

The company was incorporated on January 28, 2016, and the Company started its operations to trade the spot gold and spot silver on March 26, 2016. Additionally, it started to trade equity securities on March 08, 2017 and Whisky .

These accompanying financial statements of the Company is for the period from April 01, 2018, to June 30, 2018.

b. 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

c. Income Taxes

The Company is responsible for paying federal, state and local income tax and, accordingly, provisions are made for income taxes.

d. Basis of measurement

The financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position:

(a). All short-term investments including spot gold and spot silver and equity investments are considered Trading Securities

(b). Short-term investments at fair value through gains or losses are measured at fair value

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

e. Cash and Cash Equivalents

The financial statements are presented in US dollar, which is the Company's functional currency. Cash and cash equivalents include cash on hand; cash in banks and brokerage accounts and all highly liquid investments with maturity of three months or less at the time purchase.

The Company maintains its cash balance at a financial institution located in New York, a trading account in Bullion Vault which is in England, Charles Schwab and with Alpine Securities, which is a brokerage firm in Salt Lake City, Utah. Cash account at the New York institution are insured by the Federal Deposit Insurance Corporation up to $250,000. At times during the year, the cash balances may exceed the FDIC insurance limits. The following is a schedule of cash and cash equivalents at the year ended on June 30, 2018:

Cash in Bank and brokerage accounts $8,417

f. Revenue Recognition

The company recognizes capital gains and losses from the spot gold trading, spot silver trading and equity security trading at the time it sells spot gold or silver and investment securities from the trading through brokerage firms. Additionally, it recognizes unrealized gains and losses through adjustments to the fair market value at the end of each period. The change in fair market value is reported on the income statement under "Revenues" - "Unrealized Gain (loss) from investments".

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NOTE 3. EARNINGS PER SHARE

Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of June 30, 2018.

NOTE 4. SHORT TERM INVESTMENTS

The Company considers all investment assets other than marketable securities that can and will be sold within one year to be short term investments. Landbay, Inc. operated a trading account in Bullion Vault to trade the spot gold and spot silver, since those investments in the account can be sold online and can be traded anytime in near future as the Company's primary activity source, the Company treats the Bullion Vault account as short term investments assets. Additionally, Landbay Inc. trades investment securities through it's brokerage account with Alpine Securities, the intent is to also trade these securities within 1 year of it's acquisition date and therefore classified as Short Term Investments. On January 30, 2018 the Company started to engage in Whisky Exchange. As of June 30, 2018, the Short Term Investment holdings were as follows:

Bullion Property (kg)	(Kg)	Valuation in $(USD)
Toronto Silver	48,333	$28,055
Totals:	-	Valuation in $28,055

Other Investment	Units	Valuation in $(USD)
Stocks	Various	$37,855
Whisky Property (LPA)	1,120	$4,198
Totals:	-	$42,053

NOTE 5. STOCKHOLDER'S EQUITY

On February 2nd, 2018, the Company made a 2nd reverse 1-for-100 stock split and authorized an additional 989,010,000 of common stocks, therefore; The company has a total authorized 999,000,000 shares of common stocks with a par value of 0.001 per share. There are currently 9,990,000 shares of common stocks issued and 9,638,650 shares of common stocks outstanding as of June 30, 2018. As of June 30, 2018, the Company bought back a total of 351,350 of Treasury Stocks. In the period from April 01, 2018 to June 30, 2018, the Company didn't issue any other stock types other than common stocks, options and warrants; the Company didn't have any sharebased compensation, related to employee share-based awards, Tax benefit from share-based award activities.

NOTE 6. RELATED PARTY TRANSACTIONS

The Company has been provided office space by its president at no cost. The management determined that such cost is nominal and did not recognize the rent expense in its financial statements.

Larison Inc. owns 9,222,350 (approximately 95.86%) the common stock that are outstanding of Landbay Inc.

The Company's president, Mr. Wanjun Xie owns 100% of common stocks issued and outstanding of Larison Inc and is also the president and CEO of that entity.

As of June 30, 2018 there is $25,000 loans outstanding to Larison Inc. that bears 10% interest. As of June 30, 2018 there is $19,000 loans outstanding to Lansdale Inc. that bears 10% interest. On April 25, 2018 and April 30, 2018 Lansdale Inc. gifted 15,000 and 30,000 shares of SMKC respectively to Landbay Inc.

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis should be read in conjunction with the financial statements of Landbay Inc., and the related notes included elsewhere in this statement. The historical financial data discussed below reflects the historical results and financial position of Landbay Inc. In addition, this discussion and analysis contains forward looking statements and involves numerous risks and uncertainties, including those described under "Cautionary Note Regarding Forward-Looking Statement" and "Risk Factors". Actual results may differ materially from those contained in any forward looking statements.

Overview

Industry Environment

Landbay Inc is engaging in trading the spot silver in Canada Market, engaging in investing the equity securities in U.S.A., and engaging in trading whisky in UK market.

The business that the Corporation is trading the spot silver was impacted by the international circumstances, and the business was impacted by the market's analysis and market's prediction of the Corporation:

(1). US dollar is appreciation; the international political situation is stable; a financial status and the economy status in some countries are good; deflation in some countries happen; the rate of US dollar is fall, demand exceed supply seriously, and so on, the price of silver will going down. This is the opportunity that the Corporation will buy and hold the spot silver.

(2). US dollar is depreciation; chaos caused by war; a volatile international political situation; a financial crisis in some countries; inflation in some countries; the rate of US dollar is raising, supply exceed demand seriously, and so on, the price of silver will going up. This is the opportunity that the Corporation will sell its spot silver, and gain profits.

(3). We don't consider these to be a known trend or uncertainty that our reasonable expect will have a material impact on the company's liquidity, capital resources or results of operations.

The Corporation is engaging in trading securities in US market, the competitions are the price's compitition of the stocks.

The follow factors will impact the price of the stocks:

(1). The factors of companies will impact price of an individual stocks, the factors include the operating conditions and the financial condition of the company;

(2). The economic factors of USA will impact the price of the stocks, the factors include the interest rate level, the exchange rate level, the international incomes and expenses, the real terms, the economic circle, the economic index, the ecominc policies.

(3). The political infactors will impact the price of the stocks, the infactors include the political situation, the political accidents, the diplomatic relations and the party in power changed.

The Corporation is engaging in trading whisky in UK market. the competitions are the price's compitition of the stocks.

The follow factors will impact the price of whisky in UK market:

(1). The type and age of the whisky will impact the price of the whisky;

(2). The demanment and supplement relationship will impact the price of the whisky;

(3). The expenses for custody and insured will impact the price of the whisky.

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We tried to reduce the risk when we were trading the spot silver, whisky and securities:

(1). We will always keep enough cash in our trading account to against the risk factors.

(2). We won't use a leverage trading, a margin trading or a financial trading. We will always to use the own funds of the Corporation to trade the spot silver, whisky and securities..

(3). We assume that the Risk Factors will happen at any time, but we try to reduce any risks when we are in trading the spot silver, whisky and securities.

(4). When the Corporation will become a middle capital company and a big capital company, We will carry on the diversified investment to reduce the risk.

Primary Sources of Revenues

The primary sources of revenues of the Corporation were trading income and other incomes.

Primary Expenses

The primary expenses are the trading expenditure, the professional expenditure and the bank fees.

Components of Results of Operations

Revenue

Trading incoming: The primary incomes of the Corporation were trading the spot silver, whisky and securities.

Cost of Revenue and Operating Expenses

Cost of revenue: The cost of revenue was the trading fees, the custodian's fees and account fees.

Professional expenditure: The professional expenses include the auditing fees, accounting fees and the XBRL service fees.

Results of Operations

The following tables set forth our statements of income data:

	Ended June 30, 2018
Revenue	$39,444
Total Expenses	$6,489
Excess of Revenue over Expenses before Taxes	$30,313
NY State Tax	-
NYC Tax	-
Net income (lose)	$30,313

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The following table set forth our statements of income data (as a percentage of revenue):

Revenue

	Ended June 30, 2018
	From April 1, 2018 to June 30, 2018
Revenue:
Gain (lose) from investments	$39,444
Interest and Dibidends	$1,102
Unrealized gain (lose) from investments	$(3,388)
Less:(Fee and commission expense)	$(356)
Total revenue	$30,313

Cost of Revenue

	Ended June 30, 2018
	From April 1, 2018 to June 30, 2018
Expenses:
Bank Service Charges	$124
Custodian Fees	$90
Office Supplies	-
Legal and Professional	$6,275
Misc. Taxes, Liscenses and Permits	-
Total expenses	$6,489
Percentage of revenue	17.63%

Provision for income taxes

	Ended June 30, 2018
	From July 1, 2018 to June 30, 2018
Provision for income taxes	-
Effective tax rate	-

Full Qauter

We discuss the financial condition, changes in financial condition and results of operations of the Corporation since April 1, 2018 to June 30, 2018.

Liquidity and Capital Resources

Our capital resources were the investment from the capital stock sold, the fund granted and the loan without interest of owner and affiliates, and income from its operations.

Our Capital Resources sources were our cash. Cash were $8,417 as of June 30, 2018. ..

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Cash Provided by Operating Activities

$66,703 cash was invested in the spot silver trading, the whisky trading and securities trading as of June 30, 2018.

Off-Balance Sheet Arrangements

We did not have any off-balance sheet arrangements as of June 30, 2018.

Contractual Obligations

The Corporation didn't have any contractual obligations as of June 30, 2018.

Obligations or Liabilities

The total obligations or liabilities (including contingent obligations or liabilities) of the Corporation was $0 as of June 30, 2018.

Contingencies

The Corporation didn't have any contingencies as of June 30, 2018.

Material Favorable Impact on Net Revenues or Income

The Corporation didn't have any material favorable impact on net revenues or income as of June 30, 2018.

Inflation and Other Changes in Prices

The inflation and other changes in prices didn't impact the Corporation's net revenues and income from continuing operations.

Item 3.Quantitative and Qualitative Disclosures About Market Risk

We have disclosured all market risks, including changes to foreign currency exchange rates, interest rates, and inflation.

Item 4.Controls and Procedures

It isn't applicable!

PART II: OTHER INFORMATION

Item 1. Legal Proceedings

The Corporation didn't have any legal proceedings as of June 30, 2018.

Item 1A. Risk Factors

There aren't any Risk Factors to be changed.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None!

Item 5. Other Information

None.

Item 6. Exhibits

  31.1 Rule 13a-14(a)/15d-14(a) Certifications of Chief Executive Officer

  31.2 Rule 13a-14(a)/15d-14(a) Certifications of Chief Financial Officer

  32.1 18 U.S.C. Section 1350 Certificte of Chief Executive Officer

  32.2 18 U.S.C. Section 1350 Certificte of Chief Financial Officer

  101 INS XBRL Instance Document

  101 SCH XBRL Taxonomy Extension Schema Document

  101 CAL XBRL Taxonomy Extension Calculation Document

  101 LAB XBRL Taxonomy Extension Labels Document

  101 PRE XBRL Taxonomy Extension Presentation Document

  101 DEF XBRL Taxonomy Extension Definition Document

* Amended!

** Filed previously

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Registrant: Landbay Inc

Signature By, Wanjun Xie
President, On behalf of Landbay Inc
(Chief Executive Officer)
Date: August 11, 2018

Signature By, Wanjun Xie
President, On behalf of Landbay Inc
(Chief Financial Officer)
Date: August 11, 2018

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EX-31

Exhibits 31.1 of Form 10-O of Landbay Inc

Rule 13a-14(a)/15d-14(a) Certifications of Chief Executive Officer

I, Wanjun Xie, certify that:

1. I have reviewed this Form 10-Q of Landbay 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(s) 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 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(s) 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: 08/11/2018

Signature:Wanjun Xie
Wanjun Xie, Chief Executive Officer

EX-31

Exhibits 31.2 of Form 10-Q of Landbay Inc

Rule 13a-14(a)/15d-14(a) Certifications of Chief Financial Officer

I, Wanjun Xie, certify that:

1. I have reviewed this Form 10-Q of Landbay 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(s) 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 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(s) 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: 08/11/2018

Signature:Wanjun Xie
Wanjun Xie, Chief Financial Officer

EX-32

Exhibits 32.1 of Form 10-Q of Landbay Inc

18 U.S.C. Section 1350 Certificte of Chief Executive Officer

I, Wanjun Xie, Chief Executive Officer of Landbay Inc, do hereby 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 Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2018 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 for the periods presented therein.

Date: 08/11/2018

Signature:Wanjun Xie
Wanjun Xie, Chief Executive Officer

EX-32

Exhibits 32.2 of Form 10-Q of Landbay Inc

18 U.S.C. Section 1350 Certificte of Chief Financial Officer

I, Wanjun Xie, Chief Financial Officer of Landbay Inc, do hereby 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 Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2018 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 for the periods presented therein.

Date: 08/11/2018

Signature:Wanjun Xie
Wanjun Xie, Chief Financial Officer

XML

Document and Entity Information	3 Months Ended
	Jun. 30, 2018 shares
Document And Entity Information
Entity Registrant Name	Landbay Inc
Entity Central Index Key	0001672572
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	9,638,650
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2018

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Balance Sheets - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Current Assets:
Cash & cash equivalents	$ 8,417	$ 1,496
Short term investments	66,703	40,887
Total current assets	75,120	42,383
Other Assets:
Notes Receiveble	44,000	25,000
TOTAL ASSETS	119,120	67,383
Current Liabilities:
Accounts Payable
Taxes Payable
Loans Payable
Total current liabilities
Stockholder's equity:
Common Stock: 0.001 Par Value; 999,000,000 Shares authorized; 9,990,000 shares issued; 9,638,650 shares outstanding	9,990	9,990
Additional paid-in capital	89,061	67,639
Retained Earnings (Deficit)	20,420	(9,895)
Less: Treasury Stock, 351,350	(351)	(351)
Total Stockholder's equity	119,120	67,383
Total liabilities and stockholder's equity	$ 119,120	$ 67,383

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Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Mar. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	999,000,000	999,000,000
Common stock, Issued	9,990,000	9,990,000
Common stock, outstanding	9,638,650	9,638,650
Treasury stock, shares	351,350

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Statements of Revenues and Expenses - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Realized Gain (loss) from Investment	$ 39,444	$ 10
Trading Comissions		2
Interest and Dividend Income	1,102
Unrealized Gain (loss) from Investments	(3,388)	605
Less: (Fee and commission expense)	(356)
Net Profit (loss)	36,802	617
Expenses:
Bank Service Charges	124	76
Custodian Fees	90	36
Account Fees		219
Office Supplies
Franchise Tax
Legal & Professional	6,275
Total Expenses	6,489	331
Excess of Expenses over Revenues before Taxes	30,313	286
Provision for Taxes
Net Income (Loss)	$ 30,313	$ 286

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Statement of Changes in Stockholders Equity - 3 months ended Jun. 30, 2018	USD ($)
Beginning Balance, Amount at Mar. 31, 2018	$ 67,383
Net (loss)	30,313
Additional paid-in-capital	21,424
Ending Balance, Amount at Jun. 30, 2018	$ 119,120

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Statements of Cash Flows - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows From Operating Activities:
Net Income	$ 30,313	$ 286
Adjustments to reconcile excess of revenue over expenses to net cash provided by operating activities:
Depreciation
(Increase) decrease in assets:
Accounts receivables
Short-Term Investments	(25,816)	(38,376)
Increase (decrease) in liabilities:
Accounts payables
Net cash provided by (used in) operating activities	4,497	(38,090)
Cash Flows From Investing Activities:
Long Term Investments
Net cash (used in) investing activities
Cash Flows From Financing Activities:
Notes Receivable	(19,000)
Loans Received (Loans Pay off)		20,000
Capital stock
Additional paid-in (paid-out) capital	21,424	63,680
Treasury stocks
Net cash provided by (used in) financing activities	2,424	83,680
Net increase (decrease) in cash and cash equivalents	6,921	45,590
Cash and cash equivalents - beginning	1,496	12,489
Cash and cash equivalents - ending	8,417	58,079
Supplemental cash flow information:
Cash paid during the periods for: Interest
Cash paid during the period for: Tax expenses

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Organization and Business Activities

3 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Business Activities

NOTE 1. ORGANIZATION AND BUSINESS ACTIVITIES

Landbay Inc., the Company, incorporated in the State of New York on January 28, 2016, is engaged in the investment activities of the spot gold and silver trading.

During in its initial operations, the company opened a trading account in Bullion Vault which the brokerage firm registered in England to start trading activities. Currently the Company only trades in spot silver in the Canadian Markets and trading equity securities in US markets.

Additionally, as of January 30, 2018 the Company began trading Whisky in United Kingdom's markets.

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Summary of Significant Accounting Policies

3 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Basis of Presentation

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).

The company was incorporated on January 28, 2016, and the Company started its operations to trade the spot gold and spot silver on March 26, 2016. Additionally, it started to trade equity securities on March 08, 2017 and Whisky.

These accompanying financial statements of the Company is for the period from April 01, 2018, to June 30, 2018.

b. 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

c. Income Taxes

The Company is responsible for paying federal, state and local income tax and, accordingly, provisions are made for income taxes.

d. Basis of measurement

The financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position:

(a). All short-term investments including spot gold and spot silver and equity investments are considered Trading Securities

(b). Short-term investments at fair value through gains or losses are measured at fair value

e. Cash and Cash Equivalents

The financial statements are presented in US dollar, which is the Company’s functional currency. Cash and cash equivalents include cash on hand; cash in banks and brokerage accounts and all highly liquid investments with maturity of three months or less at the time purchase.

The Company maintains its cash balance at a financial institution located in New York, a trading account in Bullion Vault which is in England, Charles Schwab and with Alpine Securities, which is a brokerage firm in Salt Lake City, Utah. Cash account at the New York institution are insured by the Federal Deposit Insurance Corporation up to $250,000. At times during the year, the cash balances may exceed the FDIC insurance limits. The following is a schedule of cash and cash equivalents at the year ended on June 30,2018:

Cash in Bank and brokerage accounts $8,417.

f. Revenue Recognition

The company recognizes capital gains and losses from the spot gold trading, spot silver trading and equity security trading at the time it sells spot gold or silver and investment securities from the trading through brokerage firms. Additionally, it recognizes unrealized gains and losses through adjustments to the fair market value at the end of each period. The change in fair market value is reported on the income statement under Revenues and Unrealized Gain (loss) from investments.

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Earnings per Share

3 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings per Share

NOTE 3. EARNINGS PER SHARE

Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of June 30, 2018.

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Short term investments

3 Months Ended

Jun. 30, 2018

Investments, All Other Investments [Abstract]

Short term investments

NOTE 4. SHORT TERM INVESTMENTS

The Company considers all investment assets other than marketable securities that can and will be sold within one year to be short term investments. Landbay, Inc. operated a trading account in Bullion Vault to trade the spot gold and spot silver, since those investments in the account can be sold online and can be traded anytime in near future as the Company's primary activity source, the Company treats the Bullion Vault account as short term investments assets. Additionally, Landbay Inc. trades investment securities through it's brokerage account with Alpine Securities, the intent is to also trade these securities within 1 year of it's acquisition date and therefore classified as Short Term Investments. On January 30, 2018 the Company started to engage in Whisky Exchange. As of June 30, 2018, the Short Term Investment holdings were as follows:

Bullion Property (kg)	(Kg)	Valuation in $(USD)
Toronto Silver	48.333	$28,055
Totals:		$28,055

Other Investments	Units	Valuation in $(USD)
Stocks	Various	$37,855
Whisky Property (LPA)		$4,198
Totals:		$42,053

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Stockholders Equity

3 Months Ended

Jun. 30, 2018

Equity [Abstract]

Stockholders Equity

NOTE 5. STOCKHOLDER'S EQUITY

On February 2nd, 2018, the Company made a 2nd reverse 1-for-100 stock split and authorized an additional 989,010,000 of common stocks, therefore; The company has a total authorized 999,000,000 shares of common stocks with a par value of 0.001 per share. There are currently 9,990,000 shares of common stocks issued and 9,638,650 shares of common stocks outstanding as of March 31, 2018. As of March 31, 2018, the Company bought back a total of 351,350 of Treasury Stocks. In the period from April 01, 2017 to March 31, 2018, the Company didn't issue any other stock types other than common stocks, options and warrants; the Company didn't have any sharebased compensation, related to employee share-based awards, Tax benefit from share-based award activities.

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Related Party Transactions

3 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 6. RELATED PARTY TRANSACTIONS

The Company has been provided office space by its president at no cost. The management determined that such cost is nominal and did not recognize the rent expense in its financial statements.

Larison Inc. owns 9,222,350 (approximately 95.86%) the common stock that are outstanding of Landbay Inc.

The Company's president, Mr. Wanjun Xie owns 100% of common stocks issued and outstanding of Larison Inc and is also the president and CEO of that entity.

As of June 30, 2018 there is $25,000 loans outstanding to Larison Inc. that bears 10% interest. As of June 30, 2018 there is $19,000 loans outstanding to Lansdale Inc. that bears 10% interest. On April 25, 2018 and April 30, 2018 Lansdale Inc. gifted 15,000 and 30,000 shares of SMKC respectively to Landbay Inc.

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Summary of Significant Accoutning Policies (Policies)

3 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Basis of Presentation

a. Basis of Presentation

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).

The company was incorporated on January 28, 2016, and the Company started its operations to trade the spot gold and spot silver on March 26, 2016. Additionally, it started to trade equity securities on March 08, 2017 and Whisky.

These accompanying financial statements of the Company is for the period from April 01, 2018, to June 30, 2018.

Use of Estimates

b. 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Income Taxes

c. Income Taxes

The Company is responsible for paying federal, state and local income tax and, accordingly, provisions are made for income taxes.

Basis of Measurement

d. Basis of measurement

The financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position:

(a). All short-term investments including spot gold and spot silver and equity investments are considered Trading Securities

(b). Short-term investments at fair value through gains or losses are measured at fair value

Cash and Cash Equivalents

e. Cash and Cash Equivalents

The financial statements are presented in US dollar, which is the Company’s functional currency. Cash and cash equivalents include cash on hand; cash in banks and brokerage accounts and all highly liquid investments with maturity of three months or less at the time purchase.

The Company maintains its cash balance at a financial institution located in New York, a trading account in Bullion Vault which is in England, Charles Schwab and with Alpine Securities, which is a brokerage firm in Salt Lake City, Utah. Cash account at the New York institution are insured by the Federal Deposit Insurance Corporation up to $250,000. At times during the year, the cash balances may exceed the FDIC insurance limits. The following is a schedule of cash and cash equivalents at the year ended on June 30,2018:

Cash in Bank and brokerage accounts $8,417.

Revenue Recognition

f. Revenue Recognition

The company recognizes capital gains and losses from the spot gold trading, spot silver trading and equity security trading at the time it sells spot gold or silver and investment securities from the trading through brokerage firms. Additionally, it recognizes unrealized gains and losses through adjustments to the fair market value at the end of each period. The change in fair market value is reported on the income statement under Revenues and Unrealized Gain (loss) from investments.

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Short term investments (Tables)

3 Months Ended

Jun. 30, 2018

Investments, All Other Investments [Abstract]

Short term investments

Bullion Property (kg)	(Kg)	Valuation in $(USD)
Toronto Silver	48.333	$28,055
Totals:		$28,055

Other Investments	Units	Valuation in $(USD)
Stocks	Various	$37,855
Whisky Property (LPA)		$4,198
Totals:		$42,053

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Summary of Significant Accoutning Policies (Details Narrative) - USD ($)	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017
Accounting Policies [Abstract]
FDIC	$ 250,000
Cash & cash equivalents	$ 8,417	$ 1,496	$ 58,079	$ 12,489

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Short term investments - Short term investments (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Short term investments	$ 66,703	$ 40,887
Toronto Silver [Member]
Debt Securities, Available-for-sale [Line Items]
Short term investments	$ 28,055
Bullion Property (kg)	48.333
BillionTotal [Member]
Debt Securities, Available-for-sale [Line Items]
Short term investments	$ 28,055
Stocks [Member]
Debt Securities, Available-for-sale [Line Items]
Short term investments	37,855
Whisky Property (LPA)[Member]
Debt Securities, Available-for-sale [Line Items]
Short term investments	$ 4,198
Units	1,120
Other Investment Total [Member]
Debt Securities, Available-for-sale [Line Items]
Short term investments	$ 42,053

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Stockholders Equity (Details Narrative) - $ / shares	3 Months Ended	10 Months Ended
	Jun. 30, 2018	Feb. 02, 2018	Mar. 31, 2018
Equity [Abstract]
Reverse Stock-split		1 for 100
Common stock, par value	$ 0.001		$ 0.001
Common stock additional authorized shares			989,010,000
Common stock, Authorized	999,000,000		999,000,000
Common stock, Issued	9,990,000		9,990,000
Common stock, outstanding	9,638,650		9,638,650
Company repurchase of Treasury shares, shares	351,350

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Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2018	Apr. 30, 2018	Apr. 25, 2018	Mar. 31, 2018
Common stock, issued	9,990,000			9,990,000
Notes Receiveble	$ 44,000			$ 25,000
Larison Inc [Member]
Common stock, issued	9,222,350
Ownership of company	95.86%
Notes Receiveble	$ 25,000
Interest rate	10.00%
Mr. Wanjun Xie [Member]
Ownership of company	100.00%
Lansdale Inc[Member]
Notes Receiveble	$ 19,000
Interest rate	10.00%
Common stock shares received from related party		30,000	15,000