0001640334-20-000104.txt : 20200116 0001640334-20-000104.hdr.sgml : 20200116 20200116172942 ACCESSION NUMBER: 0001640334-20-000104 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 35 CONFORMED PERIOD OF REPORT: 20190731 FILED AS OF DATE: 20200116 DATE AS OF CHANGE: 20200116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL HOUSE HOLDINGS LTD. CENTRAL INDEX KEY: 0001673475 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SERVICES, NEC [8900] IRS NUMBER: 371817132 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-213744 FILM NUMBER: 20531808 BUSINESS ADDRESS: STREET 1: NO. 9, ALLEY 27, SECTION 4, RENAI ROAD STREET 2: DAAN DISTRICT CITY: TAIPEI STATE: F5 ZIP: 89107 BUSINESS PHONE: 7027037133 MAIL ADDRESS: STREET 1: NO. 9, ALLEY 27, SECTION 4, RENAI ROAD STREET 2: DAAN DISTRICT CITY: TAIPEI STATE: F5 ZIP: 89107 FORMER COMPANY: FORMER CONFORMED NAME: KOLDECK INC. DATE OF NAME CHANGE: 20160429 10-Q 1 ghhh_10q.htm FORM 10-Q ghhh_10q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

 

(Mark One)

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

 

For the quarterly period ended July 31, 2019

 

or

 

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ________ to ________

 

Commission File Number 333-213744

 

GLOBAL HOUSE HOLDINGS LTD.

(Exact name of registrant as specified in its charter)

 

Nevada

 

37-1817132

(State or other jurisdiction

 of incorporation or organization)

 

(IRS Employer

 Identification No.)

 

 

 

No. 9, Alley 7, Section 4, Renai Road

 Daan District, Taipai, Taiwan

 

 

 

(Address of principal executive offices)

 

(Zip Code)

 

852-5238-9111

(Registrant’s telephone number, including area code)

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

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

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

None

None

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed 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 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). x 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 the 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

x

Smaller reporting company

x

 

 

Emerging growth company

x

 

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 check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) ¨ YES      x NO

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

 

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. ¨ YES     ¨ NO

 

 APPLICABLE ONLY TO CORPORATE ISSUERS

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

111,800,000 shares of common stock as of January 16, 2020

 

 
 
 
 

 

TABLE OF CONTENTS

 

PART I - FINANCIAL INFORMATION

 

 

 

 

 

 

 

Item 1.

Financial Statements

 

3

 

 

Item 2.

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

 

10

 

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

 

13

 

 

Item 4.

Controls and Procedures

 

13

 

 

 

 

 

 

 

PART II - OTHER INFORMATION

 

 

 

 

 

 

 

 

Item 1.

Legal Proceedings

 

 14

 

 

Item 1A.

Risk Factors

 

 14

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

 

 14

 

 

Item 3.

Defaults Upon Senior Securities

 

 14

 

 

Item 4.

Mine Safety Disclosures

 

 14

 

 

Item 5.

Other Information

 

 14

 

 

Item 6.

Exhibits

 

 15

 

SIGNATURES

 

 16

 

 

 
2
 
 

 

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

GLOBAL HOUSE HOLDINGS LTD.

BALANCE SHEETS

(Unaudited)

 

 

 

July 31,

 

 

April 30,

 

 

 

2019

 

 

2019

 

ASSETS

Current Assets:

 

 

 

 

 

 

Prepaid expenses

 

$19,062

 

 

$20,358

 

Total Current Assets

 

 

19,062

 

 

 

20,358

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

$19,062

 

 

$20,358

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities:

 

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

 

17,377

 

 

 

11,477

 

Due to related party

 

 

72,268

 

 

 

72,268

 

Total Current Liabilities

 

 

89,645

 

 

 

83,745

 

 

 

 

 

 

 

 

 

 

Total Liabilities

 

 

89,645

 

 

 

83,745

 

 

 

 

 

 

 

 

 

 

Stockholders' Deficit:

 

 

 

 

 

 

 

 

Common stock, $0.001 par value, 1,500,000,000 shares authorized 111,800,000 shares issued and outstanding

 

 

111,800

 

 

 

111,800

 

Additional paid-in capital (deficiency)

 

 

(83,737)

 

 

(83,737)

Accumulated deficit

 

 

(98,646)

 

 

(91,450)

Total Stockholders' Deficit

 

 

(70,583)

 

 

(63,387)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

 

$19,062

 

 

$20,358

 

 

The accompanying notes are an integral part of these unaudited condensed financial statements

 

 
3
 
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GLOBAL HOUSE HOLDINGS LTD.

STATEMENTS OF OPERATIONS

(Unaudited)

 

 

 

Three Months Ended

 

 

 

July 31,

 

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

Revenues

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

General and administrative

 

 

7,196

 

 

 

7,442

 

Total Operating Expenses

 

 

7,196

 

 

 

7,442

 

Loss from operations

 

 

(7,196)

 

 

(7,442)

 

 

 

 

 

 

 

 

 

Net Loss

 

$(7,196)

 

$(7,442)

 

 

 

 

 

 

 

 

 

Net Loss Per Common Share: Basic and Diluted

 

$(0.00)

 

$(0.00)

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding: Basic and Diluted

 

 

111,800,000

 

 

 

111,800,000

 

 

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

 

GLOBAL HOUSE HOLDINGS LTD.

STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

FOR THE THREE MONTHS ENDED JULY 31, 2019 AND JULY 31, 2018

(Unaudited)

 

 

 

 

 

 

 

Additional

 

 

 

 

 

 

 

 

 

paid-in

 

 

 

 

 

 

 

Common stock

 

 

capital

 

 

Accumulated

 

 

 

 

 

Shares

 

 

Amount

 

 

(deficiency)

 

 

Deficit

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2019

 

 

111,800,000

 

 

$111,800

 

 

$(83,737)

 

$(91,450)

 

$(63,387)

Net loss for the period

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(7,196)

 

 

(7,196)

Balance, July 31, 2019

 

 

111,800,000

 

 

$111,800

 

 

$(83,737)

 

$(98,646)

 

$(70,583)

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

 

 

 

 

 

 

 

paid-in

 

 

 

 

 

 

 

 

 

Common stock

 

 

capital

 

 

Accumulated

 

 

 

 

 

 

Shares

 

 

Amount

 

 

(deficiency)

 

 

Deficit

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2018

 

 

111,800,000

 

 

$111,800

 

 

$(83,737)

 

$(50,638)

 

$(22,575)

Net loss for the period

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(7,442)

 

 

(7,442)

Balance, July 31, 2018

 

 

111,800,000

 

 

$111,800

 

 

$(83,737)

 

$(58,080)

 

$(30,017)

 

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

 

 
5
 
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GLOBAL HOUSE HOLDINGS LTD.

STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

Three Months Ended

 

 

 

July 31,

 

 

 

2019

 

 

2018

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

Net loss

 

$(7,196)

 

$(7,442)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Prepaid expenses

 

 

1,296

 

 

 

(21,176)

Accounts payable and accrued liabilities

 

 

5,900

 

 

 

(932)

Net cash used in Operating Activities

 

 

-

 

 

 

(29,550)

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

Proceeds from loan from shareholder

 

 

-

 

 

 

29,550

 

Net cash provided by Financing Activities

 

 

-

 

 

 

29,550

 

 

 

 

 

 

 

 

 

 

Net change in cash for period

 

 

-

 

 

 

-

 

Cash at beginning of period

 

 

-

 

 

 

-

 

Cash at end of period

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

SUPPLEMENTAL CASH FLOW INFORMATION:

 

 

 

 

 

 

 

 

Cash paid for income taxes

 

$-

 

 

$-

 

Cash paid for interest

 

$-

 

 

$-

 

 

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

 

 
6
 
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GLOBAL HOUSE HOLDINGS LTD.

NOTES TO THE UFINANCIAL STATEMENTS

July 31, 2019

(Unaudited)

 

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

 

GLOBAL HOUSE HOLDINGS LTD. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on March 29, 2016. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the Company’s business plan.

 

On April 2, 2018, the Company approved an agreement and plan of merger for the purposes of changing our corporate name from Koldeck Inc. to Global House Holdings Ltd. Pursuant to the agreement and plan of merger, our company merged with our wholly-owned subsidiary Global House Holdings Ltd., a Nevada corporation. Koldeck Inc. remained the surviving company of the merger, continuing under the name Global House Holdings Ltd. The name change, as well as a 20:1 forward stock split, was approved by FINRA and effective April 3, 2018 (Note 4).

 

Basis of Presentation

 

The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended July 31, 2019 are not necessarily indicative of the results that may be expected for the year ending April 30, 2020. Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2018 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended April 30, 2019 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on August 13, 2019.

 

NOTE 2 – GOING CONCERN

 

The Company’s financial statements as of July 31, 2019 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has incurred a cumulative net loss of $98,646. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Use of Estimates

 

Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions.

 

 
7
 
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Cash and Cash Equivalents

 

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. At July 31, 2019 and April 30, 2019, the Company's did not have any cash.

 

Financial Instruments

 

The Company’s financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.

 

Basic and Diluted Loss per Share

 

Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted 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. The Company had no potentially dilutive instruments outstanding during the periods presented.

 

New Accounting Pronouncements

 

There were various accounting standards and interpretations issued recently, none of which have or are expected to a have a material impact on our financial position, operations or cash flows.

 

NOTE 4 – CAPITAL STOCK

 

As of July 31, 2019 and April 30, 2019, the Company had 111,800,000 shares of common stock issued and outstanding. The Company has not authorized or designated any preferred stock.

  

On October 26, 2017, our Board of Directors approved a forward stock split of the issued and authorized shares of common stock on the basis of 20 new shares for one (1) old share. The forward stock split was effective April 3, 2018 and resulted in the increase of our authorized capital from 75,000,000 shares of common stock to 1,500,000,000 shares of common stock. The issued and outstanding capital increased from 5,590,000 shares of common stock to 111,800,000 shares of common stock. The $0.001 par value of our common shares remains unchanged.

 

 
8
 
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NOTE 5 – RELATED PARTY TRANSACTIONS

 

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 officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

 

During the three months ended July 31, 2019 and July 31, 2018, the Company’s sole officer and director loaned the Company $NIL and $29,550, respectively, to pay for operating expenses.

 

The amounts are non-interest bearing and due on demand. As of July 31, 2019 and April 30, 2019, $72,268 is outstanding.

 

NOTE 6 – PREPAID EXPENSES

 

Prepaid expenses relate to prepayment made for future services in advance and will be expensed over time as the benefit of the services is received in the future, expected within one year.

 

Prepaid expenses consisted of the following at July 31, 2019 and April 30, 2019:

 

 

 

July 31,

 

 

April 30,

 

 

 

2019

 

 

2019

 

Legal Fees

 

$19,062

 

 

$20,358

 

 

NOTE 7 – SUBSEQUENT EVENTS

 

Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation, no material subsequent events have occurred that require disclosure, other than as below.

 

Subsequent to period ended July 31 2019 through the date of filing, the Company’s sole officer and director loaned the Company $24,480 to pay for operating expenses.

 

 
9
 
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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

 

FORWARD-LOOKING STATEMENTS

 

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

 

Our unaudited financial statements are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

 

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

 

As used in this quarterly report, the terms “we”, “us”, “our” and “our company” mean Global House Holdings Ltd., unless otherwise indicated.

 

General Overview

 

We were incorporated under the laws of the State of Nevada on March 29, 2016. We are engaged in the business of content writing and editing services.

 

On October 26 2017, our Board of Directors approved a forward stock split of our issued and authorized shares of common stock on the basis of 20 new shares for one (1) old share, increasing of our authorized capital from 75,000,000 shares of common stock to 1,500,000,000 shares of common stock. Correspondingly, our issued and outstanding capital increased from 5,590,000 shares of common stock to 111,800,000 shares of common stock. The $0.001 par value of our common shares remained unchanged. The forward stock split was payable upon surrender and no fractional shares were issued. Fractional shares were rounded up.

 

Also on October 26, 2017, our board of directors approved an agreement and plan of merger for the purposes of changing our corporate name from Koldeck Inc. to Global House Holdings Ltd. Pursuant to the agreement and plan of merger, our company merged with our wholly-owned subsidiary Global House Holdings Ltd., a Nevada corporation. Koldeck Inc. remained the surviving company of the merger, continuing under the name Global House Holdings Ltd.

 

The resolutions of our Board of Directors approving the above described forward stock split and name change were subject to the prior approval of the Financial Industry Regulatory Authority (FINRA). On January 31, 2018, in anticipation of FINRA approval, we filed a Certificate of Change and Articles of Merger with the Nevada Secretary of State to give effect to the forward stock split and name change. The name change and forward stock split were subsequently approved by FINRA on March 29, 2018 with a market effective date of April 3, 2018. As a result, effective April 3, 2018, we adopted the new trading symbol GHHHD. After 20 business days, the symbol changed to GHHH. Our new CUSIP number is 37891G108.

 

 
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Our business and corporate address is No. 9, Alley 27, Section 4, Renai Road, Daan District, Tapei, Taiwan and our telephone number is +852 5238 9111. We do not have a corporate website.

 

We do not have any subsidiaries.

 

We have never declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.

 

Our Current Business

 

Our main business activity is content writing and editing services. We plan to deliver our services to both individuals and companies, as well as to printed or digital newspapers and magazines. Our main objective is to provide our customers with a quality service of text composing and editing of written materials. As additional services we may offer help with illustrating and designing book covers, as we plan to hire professional designers if business turns out profitable. We plan to write the texts based on data provided by our customers by mail, by phone or directly in person during the interviews. We also plan to deliver services on writing creative texts such as pieces of fiction, poetry, blog posts, and articles for magazines or newspapers. We also plan to deliver texts not related to fiction such as business proposals, presentations, bids, customer offers and letters. We also plan to offer editing and rewriting services. We also plan to carry out the jobs of editing or rewriting texts to make them more appealing to the final reader, as well as to make them look professionally-written. As business grows, we may change our services to the needs of the markets or to the needs of the company or to meet the requirements of our customers.

 

Results of Operations

 

The following summary of our results of operations should be read in conjunction with our financial statements for the three months ended July 31, 2019 and 2018, which are included herein.

 

We did not earn any revenues from our operations during the three months ended July 31, 2019 or 2018. 

 

Three Months Ended July 31, 2019 Compared to Three Months Ended July 31, 2018

 

 

 

Three Months Ended

 

 

 

 

 

July 31,

 

 

 

 

 

2019

 

 

2018

 

 

Changes

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$-

 

 

$-

 

 

$-

 

Operating Expenses

 

 

(7,196)

 

 

(7,442)

 

 

246

 

Loss From Operations

 

 

(7,196)

 

 

(7,442)

 

 

246

 

Net Loss

 

$(7,196)

 

$(7,442)

 

$246

 

 

Our condensed interim financial statements report a net loss of $7,196 for the three months ended July 31, 2019 compared to a net loss of $7,442 for the three months ended July 31, 2018.

 

Liquidity and Financial Condition

 

Working Capital

 

 

 

July 31,

 

 

April 30,

 

 

 

2019

 

 

2019

 

 

 

 

 

 

 

 

Current Assets

 

$19,062

 

 

$20,358

 

Current Liabilities

 

$89,645

 

 

$83,745

 

Working Capital (Deficiency)

 

$(70,583)

 

$(63,387)

 

 
11
 
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Three Months Ended

 

 

 

July 31,

 

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

Cash Flows used in Operating Activities

 

$-

 

 

$(29,550)

Cash Flows used in Investing Activities

 

 

-

 

 

 

-

 

Cash Flows provided by Financing Activities

 

 

-

 

 

 

29,550

 

Net change in cash during period

 

$-

 

 

$-

 

 

Our total current assets as of July 31, 2019 were $19,062 as compared to total current assets of $20,358 as of April 30, 2019 due to the decrease in prepaid expenses.

 

Our total current liabilities as of July 31, 2019 were $89,645 as compared to total current liabilities of $83,745 as of April 30, 2019. The increase was primarily due to an increase in accounts payable and accrued liabilities.

 

Operating Activities

 

Net cash used in operating activities was $NIL for the three months ended July 31, 2019 compared with net cash used in operating activities of $29,550 in the same period in 2018.

 

During the three months ended July 31, 2019, the net cash used in operating activities was attributed to net loss of $7,196, reduced by a decrease in prepaid expenses of $1,296 and an increase in accounts payable and accrued liabilities of $5,900.

 

During the three months ended July 31, 2018, the net cash used in operating activities was attributed to net loss of $7,442, increased by an increase in prepaid expenses of $21,176 and a decrease in accounts payable and accrued liabilities of $932.

 

Investing Activities

 

During the three months ended July 31, 2019 and July 31, 2018, we did not use any funds in investing activities.

 

Financing Activities

 

During the three months ended July 31, 2019, net cash from financing activities was $NIL compared with net cash from financing activities of $29,550 attributed to proceeds from loans from our sole officer.

 

Cash Requirements

 

We will require additional cash as we expand our business. Initially, to carry out our business plan, we will need to raise additional capital. There can be no assurance that we will be able to raise additional capital or, if we are able to raise additional capital, the terms we be acceptable to us. Currently we do not have any inventory.

 

These conditions indicate a material uncertainty that casts significant doubt about our ability to continue as a going concern. We require additional debt or equity financing to have the necessary funding to continue operations and meet our obligations. We have continued to adopt the going concern basis of accounting in preparing our financial statements. 

 

 
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Future Financings

 

We anticipate continuing to rely on equity sales of our common stock in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities.

 

Off-Balance Sheet Arrangements

 

We have no 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 is material to stockholders.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

As a “smaller reporting company”, we are not required to provide the information required by this Item.

 

Item 4. Controls and Procedures

 

Evaluation of Disclosure 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 July 31, 2019. 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 as a result of the following material weaknesses:

 

The specific material weakness identified by our management was ineffective controls over certain aspects of the financial reporting process because of a lack of a sufficient complement of personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements and inadequate segregation of duties. A "material weakness" is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements would not be prevented or detected on a timely basis.

 

We expect to be materially dependent upon a third party to provide us with accounting consulting services for the foreseeable future. Until such time as we have a chief financial officer with the requisite expertise in U.S. GAAP, there are no assurances that the material weaknesses in our disclosure controls and procedures and internal control over financial reporting will not result in errors in our financial statements which could lead to a restatement of those financial statements.

 

Changes in Internal Controls

 

There have been no changes in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the quarter ended July 31, 2019 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 
13
 
Table of Contents

 

PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

 

From time to time, we may become involved in litigation relating to claims arising out of its operations in the normal course of business. We are not involved in any pending legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we area party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on us.

 

Item 1A. Risk Factors

 

As a “smaller reporting company”, we are not required to provide the information required by this Item.

 

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

 

None.

 

Item 3. Defaults Upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

Not Applicable.

 

Item 5. Other Information

 

None.

 

 
14
 
Table of Contents

 

Item 6. Exhibits

 

Exhibit Number

 

Description

(31)

 

Rule 13a-14 (d)/15d-14d) Certifications

31.1*

 

Section 302 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer

(32)

 

Section 1350 Certifications

32.1*

 

Section 906 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer

101*

 

Interactive Data File

101.INS

 

XBRL Instance Document

101.SCH

 

XBRL Taxonomy Extension Schema Document

101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF

 

XBRL Taxonomy Extension Definition Linkbase Document

101.LAB

 

XBRL Taxonomy Extension Label Linkbase Document

101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase Document

__________

* Filed herewith.

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.

 

 

GLOBAL HOUSE HOLDINGS LTD.

 

 

(Registrant)

 

 

 

  

 

Dated: January 16, 2020

 

/s/ Jian Han Chen

 

 

Jian Han Chen

 

 

President, Chief Executive Officer,

 

 

 

Chief Financial Officer, Treasurer and Director

 

 

(Principal Executive Officer,

 

 

 

Principal Financial Officer and Principal Accounting Officer)

 

 

16

 

EX-31.1 2 ghhh_ex311.htm CERTIFICATION ghhh_ex311.htm

EXHIBIT 31.1

 

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Jian Han Chen, certify that:

 

1.I have reviewed this quarterly report on Form 10-Q of Global House Holdings Ltd.;

 

 

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.I am 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;

 

5.I have disclosed, based on my 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: January 16, 2020

 

/s/ Jian Han Chen

 

Jian Han Chen

 

President, Chief Executive Officer,

 

Chief Financial Officer, Treasurer and Director

 

(Principal Executive Officer,

 

Principal Financial Officer and Principal Accounting Officer)

 

 

EX-32.1 3 ghhh_ex321.htm CERTIFICATION ghhh_ex321.htm

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

 

The undersigned, Jian Han Chen, President and Chief Financial Officer of Global House Holdings Ltd., hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1)the quarterly report on Form 10-Q of Global House Holdings Ltd. for the period ended July 31, 2019 (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 Global House Holdings Ltd.

 

Dated: January 16, 2020

 

/s/ Jian Han Chen

 

Jian Han Chen

 

President, Chief Executive Officer,

 

Chief Financial Officer, Treasurer and Director

 

(Principal Executive Officer,

 

Principal Financial Officer and Principal Accounting Officer)

 

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Global House Holdings Ltd. and will be retained by Global House Holdings Ltd. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-101.INS 4 kldk-20190731.xml XBRL INSTANCE DOCUMENT 0001673475 2019-05-01 2019-07-31 0001673475 2020-01-16 0001673475 us-gaap:CommonStockMember 2018-04-30 0001673475 2019-07-31 0001673475 2019-04-30 0001673475 kldk:SoleOfficerAndDirectorsMember us-gaap:SubsequentEventMember 2019-05-01 2019-07-31 0001673475 2018-05-01 2018-07-31 0001673475 us-gaap:AdditionalPaidInCapitalMember 2018-04-30 0001673475 2018-05-01 2019-04-30 0001673475 us-gaap:RetainedEarningsMember 2018-04-30 0001673475 2018-04-01 2018-04-03 0001673475 2018-04-30 0001673475 kldk:PresplitMember 2018-04-03 0001673475 us-gaap:CommonStockMember 2018-05-01 2018-07-31 0001673475 us-gaap:AdditionalPaidInCapitalMember 2018-05-01 2018-07-31 0001673475 us-gaap:RetainedEarningsMember 2018-05-01 2018-07-31 0001673475 kldk:PostsplitMember 2018-04-03 0001673475 us-gaap:CommonStockMember 2018-07-31 0001673475 us-gaap:AdditionalPaidInCapitalMember 2018-07-31 0001673475 kldk:BoardOfDirectorChairmanMember 2017-09-26 2017-10-26 0001673475 us-gaap:RetainedEarningsMember 2018-07-31 0001673475 kldk:BoardOfDirectorChairmanMember 2017-10-26 0001673475 2018-07-31 0001673475 us-gaap:CommonStockMember 2019-04-30 0001673475 us-gaap:AdditionalPaidInCapitalMember 2019-04-30 0001673475 us-gaap:RetainedEarningsMember 2019-04-30 0001673475 us-gaap:CommonStockMember 2019-05-01 2019-07-31 0001673475 us-gaap:AdditionalPaidInCapitalMember 2019-05-01 2019-07-31 0001673475 us-gaap:RetainedEarningsMember 2019-05-01 2019-07-31 0001673475 us-gaap:CommonStockMember 2019-07-31 0001673475 us-gaap:AdditionalPaidInCapitalMember 2019-07-31 0001673475 us-gaap:RetainedEarningsMember 2019-07-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares GLOBAL HOUSE HOLDINGS LTD. 0001673475 10-Q false --04-30 true false true Yes 2019-07-31 Non-accelerated Filer Q1 2020 false 111800000 333-213744 No. 9, Alley 7, Section 4, Renai Road 0000 371817132 Daan District 52389111 852 TAIWAN, PROVINCE OF CHINA 111800000 <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">GLOBAL HOUSE HOLDINGS LTD. (the Company) is a corporation established under the corporation laws in the State of Nevada on March 29, 2016. The Companys activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the Companys business plan.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">On April 2, 2018, the Company approved an agreement and plan of merger for the purposes of changing our corporate name from Koldeck Inc. to Global House Holdings Ltd. Pursuant to the agreement and plan of merger, our company merged with our wholly-owned subsidiary Global House Holdings Ltd., a Nevada corporation. Koldeck Inc. remained the surviving company of the merger, continuing under the name Global House Holdings Ltd. The name change, as well as a 20:1 forward stock split, was approved by FINRA and effective April 3, 2018 (Note 4).</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><u>Basis of Presentation</u></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended July 31, 2019 are not necessarily indicative of the results that may be expected for the year ending April 30, 2020. Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2018 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended April 30, 2019 included in the Companys Form 10-K as filed with the Securities and Exchange Commission on August 13, 2019.</p></div> <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Companys financial statements as of July 31, 2019 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has incurred a cumulative net loss of $98,646. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">In order to continue as a going concern, the Company will need, among other things, additional capital resources. Managements plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</p></div> <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><u>Use of Estimates</u></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from managements estimates and assumptions.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><u>Cash and Cash Equivalents</u></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. At July 31, 2019 and April 30, 2019, the Company's did not have any cash.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><u>Financial Instruments</u></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Companys financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><u>Basic and Diluted Loss per Share</u></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted 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. The Company had no potentially dilutive instruments outstanding during the periods presented.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><u>New Accounting Pronouncements</u></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">There were various accounting standards and interpretations issued recently, none of which have or are expected to a have a material impact on our financial position, operations or cash flows.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">As of July 31, 2019 and April 30, 2019, the Company had 111,800,000 shares of common stock issued and outstanding. The Company has not authorized or designated any preferred stock.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">On October 26, 2017, our Board of Directors approved a forward stock split of the issued and authorized shares of common stock on the basis of 20 new shares for one (1) old share. The forward stock split was effective April 3, 2018 and resulted in the increase of our authorized capital from 75,000,000 shares of common stock to 1,500,000,000 shares of common stock. The issued and outstanding capital increased from 5,590,000 shares of common stock to 111,800,000 shares of common stock. The $0.001 par value of our common shares remains unchanged.</p></div> <p style="margin:0px;text-align:justify;Font:10pt Times New Roman;padding:0px">In support of the Companys 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 officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.</p><p style="margin:0px;text-align:justify;Font:10pt Times New Roman;padding:0px">&nbsp;</p><p style="margin:0px;text-align:justify;Font:10pt Times New Roman;padding:0px">During the three months ended July 31, 2019 and July 31, 2018, the Companys sole officer and director loaned the Company $NIL and $29,550, respectively, to pay for operating expenses.</p><p style="margin:0px;text-align:justify;Font:10pt Times New Roman;padding:0px">&nbsp;</p><p style="margin:0px;text-align:justify;Font:10pt Times New Roman;padding:0px">The amounts are non-interest bearing and due on demand. As of July 31, 2019 and April 30, 2019, $72,268 is outstanding.</p> <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Prepaid expenses relate to prepayment made for future services in advance and will be expensed over time as the benefit of the services is received in the future, expected within one year.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Prepaid expenses consisted of the following at July 31, 2019 and April 30, 2019:</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>July 31,</b></p></td><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>April 30,</b></p></td><td valign="bottom"></td></tr><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" width="9%" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>2019</b></p></td><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" width="9%" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>2019</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Legal Fees</p></td><td valign="bottom" width="1%"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td valign="bottom" width="1%"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" width="9%"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">19,062</p></td><td valign="bottom" width="1%"></td><td valign="bottom" width="1%"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td valign="bottom" width="1%"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" width="9%"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">20,358</p></td><td valign="bottom" width="1%"></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px">&nbsp;</p></div> <p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation, no material subsequent events have occurred that require disclosure, other than as below.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Subsequent to period ended July 31 2019 through the date of filing, the Company&#8217;s sole officer and director loaned the Company $24,480 to pay for operating expenses.</p> <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from managements estimates and assumptions.</p></div> <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Prepaid expenses consisted of the following at July 31, 2019 and April 30, 2019:</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>July 31,</b></p></td><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>April 30,</b></p></td><td valign="bottom"></td></tr><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" width="9%" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>2019</b></p></td><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" width="9%" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>2019</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Legal Fees</p></td><td valign="bottom" width="1%"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td valign="bottom" width="1%"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" width="9%"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">19,062</p></td><td valign="bottom" width="1%"></td><td valign="bottom" width="1%"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">&nbsp;</p></td><td valign="bottom" width="1%"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" width="9%"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">20,358</p></td><td valign="bottom" width="1%"></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px">&nbsp;</p></div> Nevada -98646 1500000000 72268 19062 24480 0.001 -7196 <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. At July 31, 2019 and April 30, 2019, the Company's did not have any cash.</p></div> 2016-03-29 1500000000 72268 20358 19062 0.001 -7442 <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Companys financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.</p></div> 20:1 111800000 20358 7196 <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted 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. The Company had no potentially dilutive instruments outstanding during the periods presented.</p></div> 111800000 29550 19062 7442 111800 1296 <div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">There were various accounting standards and interpretations issued recently, none of which have or are expected to a have a material impact on our financial position, operations or cash flows.</p></div> 111800000 20358 7196 -83737 -21176 111800000 19062 7442 -50638 5900 20358 -7196 -22575 -932 75000000 -7442 5590000 -29550 5590000 17377 -7442 1500000000 11477 -0.00 111800000 -0.00 111800000 111800000 111800000 a forward stock split of the issued and authorized shares of common stock on the basis of 20 new shares for one (1) old share. 89645 111800000 -58080 29550 0.001 83745 -30017 2018-04-03 89645 111800 83745 -83737 -58080 111800 -30017 111800 111800000 -83737 -83737 -91450 111800 -70583 -83737 -63387 -91450 19062 20358 -7196 111800000 111800 -83737 -98646 EX-101.SCH 5 kldk-20190731.xsd XBRL TAXONOMY EXTENSION SCHEMA 0000001 - 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Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000020 - Disclosure - PREPAID EXPENSES (Details) link:presentationLink link:calculationLink link:definitionLink 000021 - Disclosure - SUBSEQUENT EVENTS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 6 kldk-20190731_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Amendment Flag Current Fiscal Year End Date Entity Small Business Entity Shell Company Entity Emerging Growth Company Entity Current Reporting Status Document Period End Date Entity Filer Category Document Fiscal Period Focus Document Fiscal Year Focus Entity Ex Transition Period Entity Common Stock Shares Outstanding EntityFileNumber EntityAddressAddressLine1 EntityAddressAddressLine2 EntityAddressPostalZipCode EntityTaxIdentificationNumber EntityAddressCityOrTown LocalPhoneNumber CityAreaCode EntityAddressStateOrProvince BALANCE SHEETS Current Assets: Prepaid expenses Total Current Assets [Assets, Current] TOTAL ASSETS Current Liabilities: Accounts payable and accrued liabilities Due to related party Total Current Liabilities Total Liabilities Stockholders' Deficit: Common stock, $0.001 par value, 1,500,000,000 shares authorized 111,800,000 shares issued and outstanding Additional paid-in capital (deficiency) Accumulated deficit Total Stockholders' Deficit TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT Stockholders' Deficit Common stock, shares par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding STATEMENTS OF OPERATIONS (Unaudited) Revenues Operating Expenses General and administrative Total Operating Expenses Loss from operations Net Loss Net Loss Per Common Share: Basic and Diluted Weighted Average Number of Common Shares Outstanding: Basic and Diluted STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) Statement [Table] Statement [Line Items] Equity Components [Axis] Common Stock [Member] Additional Paid-in Capital [Member] Accumulated Deficit [Member] Balance, shares [Shares, Issued] Balance, amount Net Income (Loss) Balance, shares Balance, amount STATEMENTS OF CASH FLOWS (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Net loss Changes in operating assets and liabilities: Prepaid expenses [Increase (Decrease) in Prepaid Expense] Accounts payable and accrued liabilities [Increase (Decrease) in Accounts Payable and Accrued Liabilities] Net cash used in Operating Activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from loan from shareholder Net cash provided by Financing Activities Net change in cash for period Cash at beginning of period [Cash and Cash Equivalents, at Carrying Value] Cash at end of period SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for income taxes Cash paid for interest ORGANIZATION AND BASIS OF PRESENTATION NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION GOING CONCERN NOTE 2 - GOING CONCERN SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CAPITAL STOCK NOTE 4 - CAPTIAL STOCK RELATED PARTY TRANSACTIONS NOTE 5 - RELATED PARTY TRANSACTIONS PREPAID EXPENSES NOTE 6 - PREPAID EXPENSES SUBSEQUENT EVENTS NOTE 7 - SUBSEQUENT EVENTS SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Use of Estimates Cash and Cash Equivalents Financial Instruments Basic and Diluted Loss Per Share New Accounting Pronouncements PREPAID EXPENSES (Tables) Schedule of Prepaid expenses ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative) State of Incorporation Date of incorporation Forward stock split Accumulated deficit CAPITAL STOCK (Details Narrative) Plan Name Axis Title Of Individual Axis Pre split [Member] Post split [Member] Board of Directors [Member] Common stock, authorized Common stock, shares issued Common stock, shares outstanding Description of forward stock split Common stock, par value Forward stock split effective date RELATED PARTY TRANSACTIONS (Details Narrative) Due to related party Proceeds from loan from shareholders PREPAID EXPENSES (Details) Legal Fees Related Party [Axis] Subsequent Event Type [Axis] Sole officer and director [Member] Subsequent Event [Member] Operating expenses EX-101.CAL 7 kldk-20190731_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.PRE 8 kldk-20190731_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE EX-101.DEF 9 kldk-20190731_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE XML 10 R19.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)
3 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Apr. 30, 2019
RELATED PARTY TRANSACTIONS (Details Narrative)      
Due to related party $ 72,268   $ 72,268
Proceeds from loan from shareholders $ 29,550  
XML 11 R11.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
RELATED PARTY TRANSACTIONS
3 Months Ended
Jul. 31, 2019
RELATED PARTY TRANSACTIONS  
NOTE 5 - RELATED PARTY TRANSACTIONS

In support of the Companys 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 officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

 

During the three months ended July 31, 2019 and July 31, 2018, the Companys sole officer and director loaned the Company $NIL and $29,550, respectively, to pay for operating expenses.

 

The amounts are non-interest bearing and due on demand. As of July 31, 2019 and April 30, 2019, $72,268 is outstanding.

XML 12 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
PREPAID EXPENSES (Tables)
3 Months Ended
Jul. 31, 2019
PREPAID EXPENSES (Tables)  
Schedule of Prepaid expenses

Prepaid expenses consisted of the following at July 31, 2019 and April 30, 2019:

 

 

July 31,

 

April 30,

 

2019

 

2019

 

Legal Fees

 

$

19,062

 

$

20,358

 

XML 13 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2019
Jul. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,196) $ (7,442)
Changes in operating assets and liabilities:    
Prepaid expenses 1,296 (21,176)
Accounts payable and accrued liabilities 5,900 (932)
Net cash used in Operating Activities (29,550)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan from shareholder 29,550
Net cash provided by Financing Activities 29,550
Net change in cash for period
Cash at beginning of period
Cash at end of period
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes
Cash paid for interest
XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
BALANCE SHEETS - USD ($)
Jul. 31, 2019
Apr. 30, 2019
Current Assets:    
Prepaid expenses $ 19,062 $ 20,358
Total Current Assets 19,062 20,358
TOTAL ASSETS 19,062 20,358
Current Liabilities:    
Accounts payable and accrued liabilities 17,377 11,477
Due to related party 72,268 72,268
Total Current Liabilities 89,645 83,745
Total Liabilities 89,645 83,745
Stockholders' Deficit:    
Common stock, $0.001 par value, 1,500,000,000 shares authorized 111,800,000 shares issued and outstanding 111,800 111,800
Additional paid-in capital (deficiency) (83,737) (83,737)
Accumulated deficit (98,646) (91,450)
Total Stockholders' Deficit (70,583) (63,387)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 19,062 $ 20,358
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CAPITAL STOCK
3 Months Ended
Jul. 31, 2019
CAPITAL STOCK  
NOTE 4 - CAPTIAL STOCK

As of July 31, 2019 and April 30, 2019, the Company had 111,800,000 shares of common stock issued and outstanding. The Company has not authorized or designated any preferred stock.

 

On October 26, 2017, our Board of Directors approved a forward stock split of the issued and authorized shares of common stock on the basis of 20 new shares for one (1) old share. The forward stock split was effective April 3, 2018 and resulted in the increase of our authorized capital from 75,000,000 shares of common stock to 1,500,000,000 shares of common stock. The issued and outstanding capital increased from 5,590,000 shares of common stock to 111,800,000 shares of common stock. The $0.001 par value of our common shares remains unchanged.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended
Jul. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)  
Use of Estimates

Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from managements estimates and assumptions.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. At July 31, 2019 and April 30, 2019, the Company's did not have any cash.

Financial Instruments

The Companys financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.

Basic and Diluted Loss Per Share

Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted 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. The Company had no potentially dilutive instruments outstanding during the periods presented.

New Accounting Pronouncements

There were various accounting standards and interpretations issued recently, none of which have or are expected to a have a material impact on our financial position, operations or cash flows.

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CAPITAL STOCK (Details Narrative) - $ / shares
1 Months Ended
Apr. 03, 2018
Oct. 26, 2017
Jul. 31, 2019
Apr. 30, 2019
Common stock, authorized     1,500,000,000 1,500,000,000
Common stock, shares issued     111,800,000 111,800,000
Common stock, shares outstanding     111,800,000 111,800,000
Description of forward stock split 20:1      
Common stock, par value     $ 0.001 $ 0.001
Board of Directors [Member]        
Description of forward stock split   a forward stock split of the issued and authorized shares of common stock on the basis of 20 new shares for one (1) old share.    
Common stock, par value   $ 0.001    
Forward stock split effective date   Apr. 03, 2018    
Pre split [Member]        
Common stock, authorized 75,000,000      
Common stock, shares issued 5,590,000      
Common stock, shares outstanding 5,590,000      
Post split [Member]        
Common stock, authorized 1,500,000,000      
Common stock, shares issued 111,800,000      
Common stock, shares outstanding 111,800,000      
XML 20 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
ORGANIZATION AND BASIS OF PRESENTATION
3 Months Ended
Jul. 31, 2019
ORGANIZATION AND BASIS OF PRESENTATION  
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

GLOBAL HOUSE HOLDINGS LTD. (the Company) is a corporation established under the corporation laws in the State of Nevada on March 29, 2016. The Companys activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the Companys business plan.

 

On April 2, 2018, the Company approved an agreement and plan of merger for the purposes of changing our corporate name from Koldeck Inc. to Global House Holdings Ltd. Pursuant to the agreement and plan of merger, our company merged with our wholly-owned subsidiary Global House Holdings Ltd., a Nevada corporation. Koldeck Inc. remained the surviving company of the merger, continuing under the name Global House Holdings Ltd. The name change, as well as a 20:1 forward stock split, was approved by FINRA and effective April 3, 2018 (Note 4).

 

Basis of Presentation

 

The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended July 31, 2019 are not necessarily indicative of the results that may be expected for the year ending April 30, 2020. Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2018 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended April 30, 2019 included in the Companys Form 10-K as filed with the Securities and Exchange Commission on August 13, 2019.

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BALANCE SHEETS (Parenthetical) - $ / shares
Jul. 31, 2019
Apr. 30, 2019
Stockholders' Deficit    
Common stock, shares par value $ 0.001 $ 0.001
Common stock, shares authorized 1,500,000,000 1,500,000,000
Common stock, shares issued 111,800,000 111,800,000
Common stock, shares outstanding 111,800,000 111,800,000
XML 22 R20.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
PREPAID EXPENSES (Details) - USD ($)
3 Months Ended 12 Months Ended
Jul. 31, 2019
Apr. 30, 2019
PREPAID EXPENSES (Details)    
Legal Fees $ 19,062 $ 20,358
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
PREPAID EXPENSES
3 Months Ended
Jul. 31, 2019
PREPAID EXPENSES  
NOTE 6 - PREPAID EXPENSES

Prepaid expenses relate to prepayment made for future services in advance and will be expensed over time as the benefit of the services is received in the future, expected within one year.

 

Prepaid expenses consisted of the following at July 31, 2019 and April 30, 2019:

 

 

July 31,

 

April 30,

 

2019

 

2019

 

Legal Fees

 

$

19,062

 

$

20,358

 

XML 24 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative)
3 Months Ended
Apr. 03, 2018
Jul. 31, 2019
ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative)    
State of Incorporation   Nevada
Date of incorporation   Mar. 29, 2016
Forward stock split 20:1  
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XML 27 R9.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended
Jul. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

 

Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from managements estimates and assumptions.

 

Cash and Cash Equivalents

 

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. At July 31, 2019 and April 30, 2019, the Company's did not have any cash.

 

Financial Instruments

 

The Companys financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.

 

Basic and Diluted Loss per Share

 

Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted 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. The Company had no potentially dilutive instruments outstanding during the periods presented.

 

New Accounting Pronouncements

 

There were various accounting standards and interpretations issued recently, none of which have or are expected to a have a material impact on our financial position, operations or cash flows.

XML 28 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Balance, shares at Apr. 30, 2018 111,800,000
Balance, amount at Apr. 30, 2018 $ (22,575) $ 111,800 $ (83,737) $ (50,638)
Net Income (Loss) $ (7,442) $ (7,442)
Balance, shares at Jul. 31, 2018 (30,017) 111,800,000 (58,080)
Balance, amount at Jul. 31, 2018 $ (30,017) $ 111,800 $ (83,737) $ (58,080)
Balance, shares at Apr. 30, 2019 111,800,000
Balance, amount at Apr. 30, 2019 $ (63,387) $ 111,800 $ (83,737) $ (91,450)
Net Income (Loss) $ (7,196) $ (7,196)
Balance, shares at Jul. 31, 2019 111,800,000
Balance, amount at Jul. 31, 2019 $ (70,583) $ 111,800 $ (83,737) $ (98,646)
XML 29 R1.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Document and Entity Information - shares
3 Months Ended
Jul. 31, 2019
Jan. 16, 2020
Document And Entity Information    
Entity Registrant Name GLOBAL HOUSE HOLDINGS LTD.  
Entity Central Index Key 0001673475  
Document Type 10-Q  
Amendment Flag false  
Current Fiscal Year End Date --04-30  
Entity Small Business true  
Entity Shell Company false  
Entity Emerging Growth Company true  
Entity Current Reporting Status Yes  
Document Period End Date Jul. 31, 2019  
Entity Filer Category Non-accelerated Filer  
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2020  
Entity Ex Transition Period false  
Entity Common Stock Shares Outstanding   111,800,000
EntityFileNumber 333-213744  
EntityAddressAddressLine1 No. 9, Alley 7, Section 4,  
EntityAddressAddressLine2 Renai Road  
EntityAddressPostalZipCode 0000  
EntityTaxIdentificationNumber 371817132  
EntityAddressCityOrTown Daan District  
LocalPhoneNumber 52389111  
CityAreaCode 852  
EntityAddressStateOrProvince TAIWAN, PROVINCE OF CHINA  
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SUBSEQUENT EVENTS
3 Months Ended
Jul. 31, 2019
SUBSEQUENT EVENTS  
NOTE 7 - SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation, no material subsequent events have occurred that require disclosure, other than as below.

 

Subsequent to period ended July 31 2019 through the date of filing, the Company’s sole officer and director loaned the Company $24,480 to pay for operating expenses.

XML 32 R17.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
GOING CONCERN (Details Narrative) - USD ($)
Jul. 31, 2019
Apr. 30, 2019
GOING CONCERN    
Accumulated deficit $ (98,646) $ (91,450)
XML 33 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2019
Jul. 31, 2018
STATEMENTS OF OPERATIONS (Unaudited)    
Revenues
Operating Expenses    
General and administrative 7,196 7,442
Total Operating Expenses 7,196 7,442
Loss from operations (7,196) (7,442)
Net Loss $ (7,196) $ (7,442)
Net Loss Per Common Share: Basic and Diluted $ (0.00) $ (0.00)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted 111,800,000 111,800,000
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GOING CONCERN
3 Months Ended
Jul. 31, 2019
GOING CONCERN  
NOTE 2 - GOING CONCERN

The Companys financial statements as of July 31, 2019 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has incurred a cumulative net loss of $98,646. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.

 

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Managements plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

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SUBSEQUENT EVENTS (Details Narrative) - USD ($)
3 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Operating expenses $ 7,196 $ 7,442
Sole officer and director [Member] | Subsequent Event [Member]    
Operating expenses $ 24,480