CARRIAGE HOUSE EVENT CENTER, Inc: FORM:10k - Filed by EDGARhub LLC- Filed by EDGARhub LLC

0001826466-25-000010.txt : 20250128 0001826466-25-000010.hdr.sgml : 20250128 20250128160313 ACCESSION NUMBER: 0001826466-25-000010 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 41 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250128 DATE AS OF CHANGE: 20250128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Carriage House Event Center, Inc. CENTRAL INDEX KEY: 0001798458 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 272950800 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-56423 FILM NUMBER: 25564083 BUSINESS ADDRESS: STREET 1: 6521 OCASO DRIVE CITY: CASTLE PINES STATE: CO ZIP: 80108 BUSINESS PHONE: 303-730-7939 MAIL ADDRESS: STREET 1: 6521 OCASO DRIVE CITY: CASTLE PINES STATE: CO ZIP: 80108 10-K 1 form10k.htm FORM 10-K CARRIAGE HOUSE EVENT CENTER, Inc: FORM:10k - Filed by EDGARhub LLC- Filed by EDGARhub LLC

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

FORM 10-K

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

For the fiscal year ended December 31, 2024

Commission file number 333-236117

CARRIAGE HOUSE EVENT CENTER, INC.
(Exact Name of Registrant as Specified in Its Charter)

COLORADO
(State or Other Jurisdiction of
Incorporation or Organization)
558 Castle Pines Parkway, B-4,Suite 140,
Castle Pines, Colorado 80108

Phone: 303-517-8845

(Address of Principal Executive Offices, Zip Code & Telephone Number)

Securities registered pursuant to Section 12(b) of the Act:
None

Securities registered pursuant to section 12(g) of the Act:
Common Stock, $0.001 par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐

No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act.

Yes ☐

No ☒

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 ☒

No ☐

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

Yes ☒

No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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 ☒	Smaller reporting company ☒
	Emerging growth company ☒

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

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers’ during the relevant recovery period pursuant to §240.10D -1(b). Indicate by a check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐

No ☒

The aggregate market value of the voting and non-voting shares of the Company’s Common Stock held by non-affiliates: The stock of the Company is not traded on any exchange at this time.

The number of shares outstanding of the issuer’s Common Stock as of January 28, 2025, was 4,450,000.

CARRIAGE HOUSE EVENT CENTER INC.
TABLE OF CONTENTS

	Part I	Page No.

Item 1.	Business	1
Item 1A.	Risk Factors	4
Item 1B.	Unresolved Staff Comments	4
tem 1C.	Cybersecurity	4
Item 2.	Property	5
Item 3.	Legal Proceedings	5
Item 4.	Mine Safety Disclosures	5

	Part II

Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	5
Item 6.	[Reserved]	6
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	6
Item 7A.	Quantitative and Qualitative Disclosure About Market Risk	7
Item 8.	Financial Statements and Supplementary Data	8
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	18
Item 9A.	Controls and Procedures	18
Item 9B.	Other Information	19
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.	19

	Part III

Item 10.	Directors, Executive Officers and Corporate Governance	19
Item 11.	Executive Compensation	21
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	22
Item 13.	Certain Relationships and Related Transactions and Director Independence	22
Item 14.	Principal Accounting Fees and Services	23

	Part IV

Item 15.	Exhibits and Financial Statement Schedules	23
Item 16.	Form 10-K Summary	24

	Signatures	24

PART I

ITEM 1. BUSINESS

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This 2024 Annual Report on Form 10-K, including the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business,” contains “forward-looking statements” that include information relating to future events, future financial performance, strategies, expectations, competitive environment, regulation and availability of resources. These forward-looking statements include, without limitation, statements regarding: proposed new products or services; our statements concerning litigation or other matters; statements concerning projections, predictions, expectations, estimates or forecasts for our business, financial and operating results and future economic performance; statements of management’s goals and objectives; trends affecting our financial condition, results of operations or future prospects; our financing plans or growth strategies; and other similar expressions concerning matters that are not historical facts. Words such as “may,” “will,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes” and “estimates,” and similar expressions, as well as statements in future tense, identify forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

With respect to this discussion, the terms “we” “us” “our” and the “Company” refer to Carriage House Event Center, Inc. and its consolidated subsidiary.

Carriage House Event Center, Inc. (“we, “us,” “our,” the “Company” or “Carriage House”) was incorporated in the state of Colorado on June 26, 2010. On September 11, 2018, we formed a wholly owned subsidiary company, Blue Carriage Events, Inc. As of the date of this filing, we have not conducted any business through the Company or through our subsidiary. Our principal executive offices are located at 558 Castle Pines Parkway, B-4 Suite 140 Castle Pines, Colorado, 80108 Telephone 303-517-8845.

Operations

The Company was formed for the purpose of researching and developing the concept of an Event Center with many additional associated businesses on the grounds of the Event Center.

We have not generated revenue to date. Our operations since 2010 to date have consisted of extensive research of our concept and filing an S-1 registration statement and filings forms 10-K and 10-Q with the SEC.

After the shares offered on our S-1 Registration Statement filed in 2020 were sold, our management and related parties continue to own over a majority of the outstanding shares of the Company. As of December 31, 2024, management and affiliates own 4,120,000 shares (92.6%) and the shareholders holding the free stock own 300,000 shares (6.7%) . As a result, management has the ability to determine the outcome on all matters requiring approval of our shareholders, including the election of directors and approval of significant corporate transactions.

The brokerage firm that filed the 15c2-11 with FINRA in 2022 was finally able to get the Company cleared with The Depository Trust Clearing Corporation (DTCC) in September of 2024. As a result, the stock of the company can now trades over-the-counter. This long delay in getting DTC eligibility had an extremely negative effect on the Company’s ability to raise additional capital and therefore move ahead with our business plan.

The Impact of Covid-19 Pandemic on Business Operations.

The Covid-19 Pandemic has had a dramatic effect on the Company and on the entire event center business from 2020 and into 2024. The event center business has always been based on events comprising large groups of 50 to 1,000 or more. During the pandemic, most cities and states would not allow meetings of groups of any size. This virtually stopped the event center business during the pandemic.

The event center business is based heavily on the wedding business as weddings held in event centers are typically scheduled a year or more in advance.

According to “The Wedding Report, “a firm that records and disseminates information on weddings held in most cities and in every state, weddings that were scheduled to be held in 2021, 2022 and going into 2023 in event centers were rescheduled, canceled, and held in homes or other venues with much smaller groups than originally planned. During that period, the event center business was virtually shut down and has not yet fully recovered.

While the event center business began to recover in 2023, and continues to recover in 2024, according to “The Wedding Report” bookings and guest counts are still significantly lower than prior to the Pandemic.

The Covid-19 Pandemic and other circumstances negatively affected the event center business as a whole and ultimately our ability to raise capital and move forward with our original business plan. While the Company completed an S-1 offering in 2022 and became a public company, the Company intended to raise additional capital through private offerings to move ahead with its business plan of developing an Event Center. It became impossible to raise capital on the Event Center concept. However, now that the Pandemic has subsided, and the Company is now eligible for trading on the over-the-counter market, the Company intends to move forward with its original business plan of raising additional capital and developing an active Event Center.

On June 6, 2023, the Company filed a Form 8-K with the Securities and Exchange Commission declaring a Change in Shell Company Status whereby the Company is no longer a shell company. In Form 8-K the Company stated how the effect of the COVID-19 Pandemic had a dramatic effect on the fundraising and progress of the Company and now the Company was prepared to move forward.

On June 1, 2023, the Company entered into a letter of intent to purchase an 8050 Sq. Ft. building in Mesa, Maricopa County, Arizona. There was a delay as to when the present tenants would move out. The agreements were renewed in December of 2024. When completed, the purchase will be funded with common or preferred stock of the Company and debt. On December 18, 2023, the letter of intent was amended stating the LOI would remain open for execution until July 30, 2024. It is expected that the transaction may be completed in the first quarter of 2025.

Our focus for the fiscal year ending December 31, 2025, will be on continuing our attempt to raise additional capital, increasing research as to the overall concept, contacting companies that could possibly be a part of the Carriage House Event Center concept, locating possible Event Center locations and completing a transaction on a facility. The officers of the Company may also seek to find a good candidate for a merger of the Company that would be of benefit to shareholders.

If the Company is unable to raise the required funds to fulfill its business plan, the Company may seek other opportunities including a possible merger, acquisition and/or change of our business plan.

General Information

We are a startup company, have not generated revenues and have a short operating history. Our independent auditor has issued an audit opinion which includes a statement expressing substantial doubt as to our ability to continue as a going concern.

Our plan is to attempt to continue with our business plan of developing a unique Event Center. Toward that goal the Company has entered into a Letter of Intent to purchase an 8050 Sq. Ft. building in Mesa, Arizona. When completed, the purchase will be funded with common or preferred stock of the Company and debt.

If circumstances continue to impact the Event Center business negatively, and our ability to raise additional capital, the company may have to move in a different direction, including seeking a possible merger candidate for the Company.

Implications of Being an Emerging Growth Company

We qualify as an “emerging growth company” as defined under the Securities Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements that are otherwise applicable to public companies. These provisions include, but are not limited to:

	•	not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, as amended (or the Sarbanes-Oxley Act);
	•	reduced disclosure obligations regarding executive compensation in our periodic reports, proxy statements and registration statements; and
	•	exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

In addition, an emerging growth company can take advantage of an extended transition period for complying with new or revised accounting standards. This provision allows an emerging growth company to delay the adoption of some accounting standards until those standards would otherwise apply to private companies. We have elected to avail ourselves of this extended transition period. We will remain an emerging growth company until the earliest to occur of: (i) our reporting $1.07 billion or more in annual gross revenues; (ii) the end of fiscal year 2024; (iii) our issuance, in a three-year period, of more than $1 billion in non-convertible debt; and (iv) the end of the fiscal year in which the market value of our common stock held by non-affiliates exceeded $700 million on the last business day of our second fiscal quarter.

Competition

There are event centers in almost every city. These Centers can vary in size and the number of guests that they can accommodate. For example, there are over 40 facilities acting as event centers of various types in the Denver metropolitan area and over 30 in the Phoenix area. These facilities include those that were constructed to be an event center, and older buildings such as homes, restaurants and churches converted into event centers. In addition, hotels with event facilities, restaurants with rooms for events, golf clubs, museums, community centers special facilities open to the public, could all be considered competition.

Because the concept of Carriage House Event Center is far different than most, we would hope that we could be competitive to other event centers within a given geographical location.

There is no assurance that we will be able to compete with the existing event centers, those that hold events of all kinds, or new event centers that may be built in the future.

Many of our current and potential competitors may have advantages over us including:

•	Longer operating histories and greater market presence,
•	Better name recognition,
•	Access to larger customer bases,
•	Economies of scale and cost structure advantages, and
•	Greater sales and marketing, programming, distribution, technical, financial and other resources.

These competitors also have established or may establish financial or strategic relationships among themselves or third parties. In addition, some of our competitors have used or may use aggressive pricing or promotional strategies, have stronger relationships on more favorable terms with retail outlets. These relationships may affect the ability of potential customers to purchase our products.

We operate in a highly competitive environment for event centers. The majority of our competitors possess and employ financial, technical and personnel resources substantially greater than ours, which can be particularly important in the areas in which we plan to operate. Those companies may be able to pay more for facilities and personnel than our financial resources permit.

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.

ITEM 1B. UNRESOLVED STAFF COMMENTS

Not Applicable.

ITEM 1C. CYBERSECURITY

We have developed and maintain a cybersecurity risk management methodology intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management methodology is integrated into our overall enterprise risk management, and shares common methodologies, reporting channels and governance processes that apply across the Company to other legal, compliance, strategic, operational, and financial risk areas. As part of our overall risk management processes and procedures, we have instituted a cybersecurity awareness designed to identify, assess and manage material risks from cybersecurity threats. The cyber risk management methodology involves risk assessments, implementation of security measures and ongoing monitoring of systems and networks, including networks on which we rely. Through our cybersecurity awareness, the current threat landscape is actively monitored in an effort to identify material risks arising from new and evolving cybersecurity threats. We may engage external experts, including cybersecurity assessors, consultants and auditors to evaluate cybersecurity measures and risk management processes as needed. We also depend on and engage various third parties, including suppliers, vendors and service providers in connection with our operations.

Cybersecurity Governance

Our Board of Directors oversees our risk management, including our information technology and cybersecurity policies, procedures, and risk assessments. Management reports to our Board of Directors on information security matters as necessary, regarding any significant cybersecurity incidents, as well as any incidents with lesser impact potential.

One of the key functions of our Board of Directors is informed oversight of our various processes for managing risk. An overall review of risk is inherent in our Board of Directors ongoing consideration of our long-term strategies, transactions and other matters presented to and discussed by the Board of Directors. This includes a discussion of the likelihood and potential magnitude of various risks.

ITEM 2. PROPERTY

We do not currently own any property. The Company is currently provided with office space by our officer and director at no charge. The offices are located at 558 Castle Pines Parkway, B-4 Suite 140, Castle Rock, Colorado. Management believes the current premises are sufficient for its needs at this time.

ITEM 3. LEGAL PROCEEDINGS

There are no legal proceedings that have occurred within the past five years concerning the Company, our directors, or control persons which involved a criminal conviction, a criminal proceeding, an administrative or civil proceeding limiting one’s participation in the securities or banking industries, or a finding of securities or commodities law violations.

ITEM 4. MINE SAFETY DISCLOSURE

Not applicable.

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED SHAREHOLDER MATTERS AND

ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our common shares are quoted on the OTC Markets website under the symbol “CRGH”.

Common Stock

There are 45,000,000 shares of Common Stock, $0.001 par value, authorized, with 4,450,000 shares issued and outstanding. The holders of Common Stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. The holders of Common Stock have no preemptive, subscription, redemption or conversion rights.

Preferred Stock

We have 5,000,000 shares of Preferred Stock authorized, none of which have been designated. No shares are issued and outstanding.

Security Holders

As of December 31, 2024, the Company had 39 shareholders of record of the Company’s common stock and 4,450,000 common shares issued and outstanding, of which 4,020,000 shares were held by our Officers and Directors, A. Terry Ray and Janel Ray.

Dividends

Holders of our common stock are entitled to receive such dividends as may be declared by our board of directors. No dividends on our common stock have ever been paid, and we do not anticipate that cash dividends will be paid on our common stock in the foreseeable future.

Securities Authorized for Issuance under Equity Compensation Plans

The Company does not have any equity compensation plans or any individual compensation arrangements with respect to its Common Stock or Preferred Stock. The issuance of any of our Common Stock or Preferred Stock is within the discretion of our Board of Directors, which has the power to issue any or all of our authorized but unissued shares without stockholder approval.

Recent Sales of Unregistered Securities

None.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

We did not purchase any of our shares of common stock or other securities during the year ended December 31, 2024 or 2023.

ITEM 6. [RESERVED]

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF

OPERATIONS

Overview

Carriage House Event Center, Inc. was incorporated in the State of Colorado on June 26, 2010. On September 11, 2018; we formed a wholly owned subsidiary company, Blue Carriage Events, Inc. a Colorado corporation. None of our operations are conducted through this entity. Our principal executive offices are located at 558 Castle Pines Parkway B-4 Suite 140, Castle Pines, Colorado, 80108, telephone 303-730-7939.

We are a company formed for the purpose of developing a unique Event Center, encompassing a variety of additional services in the same location. However, both the Covid-19 Pandemic and the Company stock not being able to trade on the over-the-counter market has had a dramatic effect on the progress of the Company. If circumstances continue to impact the development of our business plan, the Company may have to move in a different direction, including seeking a possible merger candidate for the Company.

The Year Ended December 31, 2024 Compared To The Year Ended December 31, 2023

For the years ended December 31, 2024 and 2023, we did not earn any revenue.

Operating expenses

For the years ended December 31, 2024 and 2023 we had general and administrative expenses of $27,105 and $15,434, respectively, an increase of $11,671 or 75.6% . The increase in the current year can be attributed to an increase of $10,000 for advisory fees related to DTC.

Net Loss

For the years ended December 31, 2024 and 2023, our net loss was $27,105 and $15,434, respectively.

Liquidity and Capital Resources

Our cash balance on December 31, 2024 was $31,901, with $184,800 in loans payable to related parties. If we experience a shortage of funds in the next twelve months, we may utilize additional funds from our director, A. Terry Ray, who has agreed to advance funds for operations, however there is no formal commitment, arrangement or legal obligation to advance or loan funds to us.

Operating Activities

Net cash used in operating activities was $28,105 for the year ended December 31, 2024, compared to $14,434 used in operating activities for the year ended December 31, 2023.

Investing Activities

We neither generated nor used cash in investing activities during the years ended December 31, 2024 and 2023.

Financing Activities

Cash flows provided by financing activities were $31,000 and $42,000 during the years ended December 31, 2024 and 2023, respectively. All cash received was from related party loans.

We have not yet generated sustained profits from our operations. Our independent registered public accountants have expressed a "going concern" opinion. As of December 31, 2024, we had an accumulated deficit of $187,049.

While our current burn rate is nominal, it is expected that our costs of operations will continue to exceed revenues, primarily due to the costs associated with being a public reporting company. Based upon our current business plan, we will continue to incur losses in the foreseeable future and there can be no assurances that we will ever establish profitable operations. These and other factors raise substantial doubt about our ability to continue as a going concern.

Going Concern and Plan of Operation

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, we incurred net loss of $27,105 for the year ended December 31, 2024, and have an accumulated deficit of $187,049 as of December 31, 2024, which raise substantial doubt about the Company’s ability to continue as a going concern.

Management believes the Company will continue to incur losses and negative cash flows from operating activities for the foreseeable future and will need additional equity or debt financing to sustain its operations until it can achieve profitability and positive cash flows, if ever. Management plans to seek additional debt and/or equity financing for the Company but cannot be assured that such financing will be available on acceptable terms.

Our current management has agreed to advance funds to the Company on an “as needed” basis. Should existing management, stockholders or our affiliates refuse to advance needed funds, however, we would be forced to turn to outside parties to either lend funds to us or buy our securities. There is no assurance that we will be able to raise the necessary funds, when needed, from outside sources.

The Company’s continuation as a going concern is dependent upon its ability to ultimately attain profitable operations, generate sufficient cash flow to meet its obligations, and obtain additional financing as may be required. Our auditors have included a “going concern” qualification in their Report of Independent Certified Public Accountants accompanying our audited financial statements appearing elsewhere herein which cites substantial doubt about our ability to continue as a going concern. Such a “going concern” qualification may make it more difficult for us to raise funds when needed. The outcome of this uncertainty cannot be assured.

Our plan of operation for the fiscal year 2025 will be to attempt to raise the capital needed to construct the event center and pursue those companies that would desire to be a part of the overall concept.

We anticipate spending $14,000 on professional fees, including fees payable for complying with reporting obligations, $2,000 in general administrative costs and $1,500 in working capital. Total expenditure over the next 12 months are therefore expected to be approximately $17,500.

Management intends to keep the Company current in its filings with the Securities and Exchange Commission and maintain compliance going forward.

Significant Accounting Policies

Refer to Note 2 of our financial statements contained elsewhere in this Form 10-K for a summary of our significant accounting policies and recently adopting and issued accounting standards.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Carriage House Event Center, Inc.

Consolidated Financial Statements for The Year Ended December 31, 2024

TABLE OF CONTENTS

Report of Independent Registered Public Accounting Firm (FIRM 6104)	F-1
Consolidated Balance Sheets as of December 31, 2024 and 2023	F-2
Consolidated Statements of Operations for the years ended December 31, 2024 and 2023	F-3
Consolidated Statements of Changes in Stockholders’ Deficit for the years ended December 31, 2024 and 2023	F-4
Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023	F-5
Notes to the Consolidated Financial Statements	F-6

MICHAEL GILLESPIE & ASSOCIATES, PLLC

CERTIFIED PUBLIC ACCOUNTANTS
Vancouver, WA 98666 206.353.5736

REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders & Board of Directors
Carriage House Event Center, Inc.

Opinion on the Financial Statements

We have audited the accompanying restated balance sheet of Carriage House Event Center, Inc as of December 31, 2023 and 2024 and the related statements of operations, changes in stockholders’ deficit, cash flows, and the related notes (collectively referred to as “financial statements”) for the years then ended. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023 and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note #3 to the financial statements, although the Company has limited operations it has yet to attain profitability. This raises substantial doubt about its ability to continue as a going concern. Management’s plan in regard to these matters is also described in Note #1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/S/ MICHAEL GILLESPIE & ASSOCIATES, PLLC
We have served as the Company’s auditor since 2024.
PCAOB ID 6104
Vancouver, Washington
January 23, 2025

F-1

CARRIAGE HOUSE EVENT CENTER, INC.
CONSOLIDATED BALANCE SHEETS

		December 31, 2024			December 31, 2023
Assets
Current assets:
Cash	$	31,901		$	29,006
Total current assets		31,901			29,006

Total assets	$	31,901		$	29,006

Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable	$	—		$	1,000
Related party debt		184,800			—
Non-current liabilities		184,800			1,000
Related party debt – long term		—			153,800
Total liabilities		184,800			154,800

Commitments and contingencies		—			—

Stockholders’ Deficit:
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding		—			—
Common stock; $0.001 par value; 45,000,000 shares authorized; 4,450,000 shares issued and outstanding		4,450			4,450
Additional paid in capital		29,700			29,700
Accumulated deficit		(187,049	)		(159,944	)
Total Stockholders’ Deficit		(152,899	)		(125,794	)

Total Liabilities and Stockholders’ Deficit	$	31,901		$	29,006

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

F-2

CARRIAGE HOUSE EVENT CENTER, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS


		For the Years Ended
		December 31,
		2024			2023
Expenses:
General and administrative	$	27,105		$	15,434
Total operating expenses		27,105			15,434

Loss before provision for income taxes		(27,105	)		(15,434	)

Provision for income taxes		—			—

Net loss	$	(27,105	)	$	(15,434	)

Net Loss per common share
Basic and diluted	$	(0.00	)	$	(0.00	)

Weighted average shares outstanding
Basic and diluted		4,450,000			4,450,000

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

F-3

CARRIAGE HOUSE EVENT CENTER, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

					Additional					Total
	Common Stock				Paid		Accumulated			Stockholders’
	Shares		Amount		in Capital		Deficit			Deficit
Balance, December 31, 2022	4,450,000	$	4,450	$	29,700	$	(144,510	)	$	(110,360	)
Net loss	—		—		—		(15,434	)		(15,434	)
Balance, December 31, 2023	4,450,000		4,450		29,700		(159,944	)		(125,794	)
Net loss	—		—		—		(27,105	)		(27,105	)
Balance, December 31, 2024	4,450,000	$	4,450	$	29,700	$	(187,049	)	$	(152,899	)

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

F-4

CARRIAGE HOUSE EVENT CENTER, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS


		For the Years Ended
		December 31,
		2024			2023
Cash flows from operating activities:
Net loss	$	(27,105	)	$	(15,434	)
Adjustments to reconcile net loss to net cash used by operating activities:
Accounts payable		(1,000	)		1,000
Net cash used by operating activities:		(28,105	)		(14,434	)

Cash flows from investing activities:		—			—

Cash flows from financing activities:
Proceeds from related party debt		34,000			55,000
Repayments to related party debt		(3,000	)		(13,000	)
Net cash provided by financing activities		31,000			42,000

Net change in cash		2,895			27,566
Cash at beginning of year		29,006			1,440
Cash at end of year	$	31,901		$	29,006

Supplemental schedule of cash flow information:
Interest paid	$	—		$	—
Income taxes paid	$	—		$	—

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

F-5

CARRIAGE HOUSE EVENT CENTER, INC.
Notes to the Consolidated Financial Statements
December 31, 2024

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Carriage House Events Center, Inc. (the “Company” or “We”) was incorporated under the laws of the State Colorado on June 26, 2010. The Company is developing its planned principal operations.

A new corporation, Blue Carriage Events, Inc. (“Blue Carriage”), was formed under the laws of the State of Colorado in September 2018. Blue Carriage issued the Company 100 shares and is a wholly owned subsidiary of the Company.

The Company was formed for the purpose of researching and developing a concept for an Event Center with many additional associated businesses on the same grounds of the Event Center. For several years, the Company did extensive research on Event Centers throughout Colorado, Utah, Nevada and Arizona.

The Covid-19 Pandemic and other circumstances negatively affected the event center business and ultimately our ability to raise capital and move forward with our original business plan. However, now that the Pandemic has subsided, the Company intends to move forward

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“US GAAP”) and are reported in United States dollars.

Use of Estimates

The preparation of consolidated financial statements in conformity with US GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Concentrations of Credit Risk

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and Blue Carriage Events, Inc.; wholly-owned subsidiary. Intercompany balances and transactions have been eliminated in consolidation. During the years ended December 31, 2024 and 2023, Blue Carriage had no transactions and has no bank account.

Stock-based Compensation

We account for equity-based transactions with employees and non-employees under the provisions of ASC 718, Compensation - Stock Compensation, which establishes that equity awards issued to employees and non-employees for services are valued at the grant date fair value of the equity award. An expense is recognized over the requisite service or vesting period. The fair value of stock options issued as compensation shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in ASC 718.

Fair Value of Financial Instruments

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accordance with US GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.

F-6

The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The carrying amount of the Company’s financial assets and liabilities, such as cash and accrued expenses, approximate their fair value because of the short maturity of those instruments. The Company’s related party debt approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at December 31, 2024 and 2023.

Income Taxes

The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date.

The Company follows section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.

Net Income (Loss) per Common Share

Net income (loss) per common share is computed pursuant to ASC 260, Earnings per Share. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive shares of common stock during the period. The Company has no potentially dilutive shares as of December 31, 2024 and 2023.

Recent Accounting Standards

The Company has reviewed and implemented all new accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 3 – GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred losses since inception and has used mainly related party loans to finance activities during the period from June 26, 2010 (inception) through December 31, 2024, with no resulting revenues. The Company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern. The Company’s ability to achieve a level of profitable operations and/or additional financing impacts the Company’s ability to continue as it is presently organized. Management continues to develop its planned principal operations. Should management be unsuccessful in its operating activities, the Company may substantially curtail or terminate its operations. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

F-7

On June 1, 2023, the Company entered into a letter of intent to purchase an 8050 Sq. Ft. building in Mesa, Maricopa County, Arizona. There became a problem as to when the present tenants would vacate the building. The letter of intent was renewed on December 20, 2024

When completed, the purchase will be funded with common or preferred stock of the Company and debt.

NOTE 4 – RELATED PARTY TRANSACTIONS

The Company has entered into promissory notes (each a “Note” and collectively the “Notes”) with related parties, Terayco Enterprises, LTD. (“Terayco”) and A. Terry Ray (“Terry Ray”). Terayco is a corporation owned by Phillip E. Ray, the husband of A. Terry Ray, and A. Terry Ray, the officer and director and principal shareholder of the Company. Venture Vest Capital Corp. is a corporation owned by Philip E. Ray.

The Company received proceeds of $55,000 from these parties during the year ended December 31, 2023 and made $13,000 in repayments during the year ended December 31, 2023.

In February and March of 2024, an amount of $3,000 was repaid to Venturevest Capital Corp. and the Promissory Note of December 31, 2023 in the amount of $47,000 was cancelled and a new Promissory Note in the amount of $34,000 was made to Venturevest Capital Corp. dated March 31, 2024.

On June 19, 2024, Venturevest Capital Corp. loaned the Company an additional amount of $30,000 to be used for working capital for the company. The Company entered into a promissory note with Venturevest Capital Corporation on June 20, 2024, in the amount of $30,000.

On December 20, 2024, Terry Ray loaned the Company an additional amount of $4,000 to be used for working capital for the company.

As of December 31, 2024, the outstanding promissory notes were consolidated into four new promissory notes.

Issue Date	Maturity Date		December 31, 2024
12/31/2023	12/31/2025	$	26,500	Terayco International, Ltd
12/31/2023	12/31/2025	$	71,000	Terry Ray
12/31/2023	12/31/2025	$	19,300	Terry Ray
3/31/2024	12/31/2025	$	34,000	VentureVest Capital Corp
6/20/2024	12/31/2025	$	30,000	VentureVest Capital Corp
12/20/2024	12/31/2025	$	4,000	Terry Ray
TOTAL		$	184,800

All promissory notes are interest free until December 31, 2025 at which time any unpaid balance will bear interest at the rate of 4% per annum.

NOTE 5 – STOCKHOLDERS’ EQUITY

Common Stock

There are 45,000,000 shares of Common Stock, $0.001 par value, authorized, with 4,450,000 shares issued and outstanding as of December 31, 2024 and 2023.

The holders of Common Stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. Holders of Common Stock are entitled to receive ratably such dividends, if any, as may be declared by the Board of Directors out of funds legally available therefore, subject to any preferential dividend rights of outstanding Preferred Stock, which may be authorized and issued in the future. Upon a liquidation, dissolution or winding up of the Company, the holders of Common Stock are entitled to receive ratably the net assets available after the payment of all debts and other liabilities, and subject further only to the prior rights of any outstanding Preferred Stock which may be authorized and issued in the future.

F-8

The holders of Common Stock have no preemptive, subscription, redemption or conversion rights. The outstanding shares of Common Stock are, and the shares offered herein will be, when issued and paid for, fully paid and non-assessable. Cumulative voting in the election of directors is not permitted and the holders of a majority of the number of outstanding shares will be in a position to control the election of directors at a general shareholder meeting and may elect all of the directors standing for election. We have no present intention to pay cash dividends to the holders of Common Stock.

Preferred Stock

We have 5,000,000 shares of Preferred Stock authorized, none of which have been designated. No shares are issued and outstanding.

NOTE 6 – INCOME TAX

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company is using the U.S. federal income tax rate of 21%.

The provision for Federal income tax consists of the following December 31:

		2024			2023
Federal income tax benefit attributable to:
Current Operations	$	(5,700	)	$	(3,200	)
Change in valuation allowance		5,700			3,200
Net provision for Federal income taxes	$	—		$	—

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

		2024			2023
Deferred tax asset attributable to:
Net operating loss carryover	$	(39,300	)	$	(33,500	)
Less: valuation allowance		39,300			33,500
Net deferred tax asset	$	—		$	—

At December 31, 2024, the Company had net operating loss carry forwards of approximately $187,000 that may be offset against future taxable income. No tax benefit has been reported in the December 31, 2024 or 2023 consolidated financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

ASC 740, Income Taxes, provides guidance on the accounting for uncertainty in income taxes recognized in a company’s financial statements. ASC 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the consolidated financial statements.

The Company files income tax returns in the U.S. federal jurisdiction, and various state and local jurisdictions. Federal income tax returns prior to fiscal year 2018 are closed.

The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of December 31, 2024, the Company had no accrued interest or penalties related to uncertain tax positions.

F-9

NOTE 7 – SUBSEQUENT EVENTS

Management has evaluated subsequent events pursuant to the requirements of ASC 855, Subsequent Events, from the balance sheet date through January 23, 2025, the date the consolidated financial statements were issued and has determined that the following material subsequent events exist.

Subsequent to December 31, 2024, the Company repaid $10,000 of the March 31, 2024, note payable to VentureVest Capital Corporation and created a new note on January 8, 2025 for $24,000.

On January 6, 2025 four shareholders of the Company, including A. Terry Ray, Terayco Enterprises, Ltd., DLR Associates, and Janel Jean-Baptiste (Dunda) (collectively, the “Selling Shareholders”), entered into a Stock Purchase Agreement (as at any time amended, restated, supplemented or otherwise modified, the “Purchase Agreement”) with Zhonghe Brand Ltd., a company established in the British Virgin Islands (the “Purchaser”) to sell an aggregate of Four Million One Hundred Fifty Thousand (4,150,000) shares of the Company’s common stock, personally owned by Selling Shareholders, which represents approximately 93.26% of the issued and outstanding shares of the Company. The closing of the Purchase Agreement became effective on January 22, 2025 (the “Effective Date”).

In addition, on the Effective Date, A Terry Ray and Janel Jean-Baptiste (Dunda), submitted their resignations from all executive officer positions with the Company, including Chief Executive Officer, Chief Financial Officer, and Secretary respectively.

Mr. Lei He was appointed as Chief Executive Officer, Chief Financial Officer and to the Board of the Company, effective immediately. Ms. Ziqian Li was appointed as Secretary of the Company, effective immediately.

Effective January 22, 2024, the letter of intent to purchase the 8050 Sq. Ft. building in Mesa, Maricopa County, Arizona was terminated.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES

On January 17, 2023, the Company was informed that our independent registered public accounting firm since 2022, Pinnacle Accountancy Group of Utah (“Pinnacle”) had sold a portion of its business to GreenGrowth CPAs (“GreenGrowth”) and was resigning.

On January 22, 2024, the Company engaged and executed an agreement with Michael Gillespie & Associates, PLLC (“Gillespie”), as the Company’s new independent accountant to replace Pinnacle.

We have had no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with our Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our chief executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934. Based on this evaluation, our chief executive officer and principal financial officer have concluded such controls and procedures to be ineffective as of December 31, 2024, to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's.

Management’s Annual Report on Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15 (f) and 15d- 15 (f) under the Exchange Act, for the Company.

Our internal control over financial reporting is the process designed by and under the supervision of our CEO and CFO, or the persons performing similar functions, to provide reasonable assurance regarding the reliability of our financial reporting and the preparation of our financial statements for external reporting in accordance with accounting principles generally accepted in the United States of America. Management has evaluated the effectiveness of our internal control over financial reporting using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control over Financial Reporting - Guidance for Smaller Public Companies.

Under the supervision and with the participation of our CEO and CFO, or the persons performing similar functions, our management has assessed the effectiveness of our internal control over financial reporting as of December 31, 2024, and concluded that it is not effective because of the material weakness described below:

In connection with the preparation of our financial statements for the year ended December 31, 2024, due to resource constraints, material weaknesses became evident to management regarding our inability to generate all the necessary disclosure for inclusion in our filings with the Securities and Exchanges Commission due to the lack of resources and segregation of duties. The Company has not established an audit committee and lacks documentation of its internal control processes. A material weakness is a significant deficiency in one or more of the internal control components that alone or in the aggregate precludes our internal controls from reducing to an appropriately low level the risk that material misstatements in our consolidated financial statements will not be prevented or detected on a timely basis.

F-10

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the registrant’s registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the registrant to provide only management’s report in this annual report.

Evaluation of Changes in Internal Control over Financial Reporting

During the period ended December 31, 2024, there were no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rules 13a-15 or 15d-15 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. We intend to recruit additional professionals, as our business conditions warrant, to ensure that we include all necessary disclosure in our filings with the Securities and Exchange Commission. Although we believe that these corrective steps will enable management to conclude that the internal controls over our financial reporting are effective when the staff is in place and trained, we cannot provide assurance that these steps will be sufficient. We may be required to expend additional resources to identify, assess and correct any additional weaknesses in internal control.

Important Considerations

The effectiveness of our disclosure controls and procedures and our internal control over financial reporting is subject to various inherent limitations, including cost limitations, judgments used in decision making, assumptions about the likelihood of future events, the soundness of our systems, the possibility of human error, and the risk of fraud. Moreover, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions and the risk that the degree of compliance with policies or procedures may deteriorate over time. Because of these limitations, there can be no assurance that any system of disclosure controls and procedures or internal control over financial reporting will be successful in preventing all errors or fraud or in making all material information known in a timely manner to the appropriate levels of management.

ITEM 9B. OTHER INFORMATION

None.

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

None.

PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Identity of Officers and Directors

Our bylaws provide that the number of directors who shall constitute the whole board shall be such number as the board of directors shall at the time have designated. Each director shall be selected for a term of one year and until his successor is elected and qualified. Vacancies are filled by a majority vote of the remaining directors then in office with the successor elected for the unexpired term and until the successor is elected and qualified.

The officers and directors are as follows:

Name	Age	Positions Held
A. Terry Ray	80	President, CEO, CFO, Director

Janel Jean-Baptiste	50	Secretary

Alice Terry Ray-President

Ms. Ray was appointed President, Chief Executive Officer, and a director of the Company on December 5, 2012. Ms. Ray has served as the corporate Secretary of a number of public and private corporations and the Administrative Assistant or Secretary to presidents of several companies for many years. Since 1991, she has served as a Director and the Secretary of American Business Services, Inc. She has also served as Secretary and Director of VentureVest Capital Corporation, a venture capital firm in Colorado. From 1995 to January 2004, she was employed as a Senior Administrator for Denver Reserve, Inc., a premier leader of Health Benefit Administration, located in Littleton, Colorado, engaged in pre-tax benefit plans. Ms. Ray has served in various administrative positions in her community for many years. Ms. Ray attended the University of Nevada-Las Vegas, majoring in business administration, from 1963 to 1965.

Janel L. Jean-Baptiste, Secretary, Treasurer.

Ms. Jean-Baptiste (formerly Janel Ray) was first elected to serve as Secretary of the Corporation on June 28, 2010. She resigned that position on December 28, 2015 to pursue other opportunities. On March 4, 2018, she was again appointed to serve as Secretary and Treasurer of the Company. Ms. Jean-Baptiste served as Secretary and Director of Frontier Digital Media Group, Inc. a public Company, from September 11, 2011 to May 4, 2018, when she resigned. Over the years she has worked in various positions of sales, product development, and consulting within those positions. She also had part time employment for catering and event planning companies in the Denver, Colorado area. She is adept in the Adobe programs Photoshop, Illustrator, After Effects, Premier Pro, and Encore which are used in the development of videos and commercials. From 2007-2011 Ms. Jean-Baptiste owned and operated a vinyl lettering business in which she developed the website and all marketing, created and produced the product through digital design, handled sales and finances, and all customer service. From 1997-1999 Ms. Jean-Baptiste acquired dental knowledge as a dental assistant. Ms. Jean-Baptiste has held various small positions throughout the past 20 years which have given her experience in customer assistance and service, digital design, and bookkeeping. Mr. Jean-Baptiste devotes approximately 1 hour per week to our business.

Family Relationships

Janel Jean-Baptiste, our Secretary, is the daughter of A. Terry Ray, our President.

Term of Office

Our directors are appointed for a one-year term to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board.

Significant Employees

We have no significant employees other than our officers.

Director or Officer Involvement in Certain Legal Proceedings

During the past five (5) years, none of the following occurred with respect to one of our present or former directors or executive officers: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two (2) years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of any competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodities Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Exchange Act requires a company’s directors, officers, and stockholders who beneficially own more than 10% of any class of equity securities of the Company registered pursuant to Section 12 of the Exchange Act (collectively referred to herein as the “Reporting Persons”), to file initial statements of beneficial ownership of securities and statements of changes in beneficial ownership of securities with respect to the company’s equity securities with the SEC. All Reporting Persons are required by SEC regulation to furnish us with copies of all reports that such Reporting Persons file with the SEC pursuant to Section 16(a).

Based solely on review of the copies of such forms furnished to Carriage House Event Center's directors have not filed their reports as of the date of this Annual Report.

Code of Ethics

We have not yet adopted a code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions.

Corporate Governance

There have been no changes in any state law or other procedures by which security holders may recommend nominees to our board of directors. In addition to having no nominating committee for this purpose, we currently have no specific audit committee and no audit committee financial expert. Based on the fact that our current business affairs are simple, any such committees are excessive and beyond the scope of our business and needs.

Nominating Committee

We have not adopted any procedures by which security holders may recommend nominees to our board of directors.

Audit Committee and Audit Committee Financial Expert

We do not currently have an audit committee financial expert, nor do we have an audit committee. Our board of directors, which currently consists of Ms. A. Terry Ray handles the functions that would otherwise be handled by an audit committee. We do not currently have the capital resources to pay director fees to a qualified independent expert who would be willing to serve on our board and who would be willing to act as an audit committee financial expert. As our business expands and as we appoint others to our board of directors we expect that we will seek a qualified independent expert to become a member of our board of directors. Before retaining any such expert our board would make a determination as to whether such person is independent.

ITEM 11. EXECUTIVE COMPENSATION

Summary Compensation Table

Name and

Stock

Option

Incentive Plan

Compensation

Principal
Position

Year

Salary
($)

Bonus
($)

Awards
($)

Compensation
($)

Earnings
($)

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

A. Terry Ray

2024

A. Terry Ray

2023

Our directors and officers do not have unexercised options, stock that has not vested, or equity incentive plan awards.

We do not currently have a stock option plan. No individual grants of stock options, whether or not in tandem with stock appreciation rights known as SARs or freestanding SARs have been made to any executive officer or any director since our inception; accordingly, no stock options have been granted or exercised by any of the officers or directors since inception.

We do not have any long-term incentive plans that provide compensation intended to serve as incentive for performance. No individual grants or agreements regarding future payouts under non-stock price-based plans have been made to any executive officer or any director or any employee or consultant since our inception; accordingly, no future payouts under non-stock price-based plans or agreements have been granted or entered into or exercised by our officer or director or employees or consultants since inception.

To the knowledge of management, during the past five years, no present or former director, or executive officer of the Company:

1.	Has filed a petition under the federal bankruptcy laws or any state insolvency law, nor had a receiver, fiscal agent or similar officer appointed by a court for the business or property of such person, or any partnership in which he or she was a general partner at or within two years before the time of such filing, or any corporation or business association of which he or she was an executive officer at or within two years before the time of such filing;

2.	Was convicted in a criminal proceeding or named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses).

3.	Was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting, the following activities:


	i.	Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliate person, director or employee of any investment company, or engaging in or continuing any conduct or practice in connection with such activity;

	ii.	Engaging in any type of business practice;

	iii.	Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodities laws;

4.	Was the subject of any order, judgment, or decree, not subsequently reversed, suspended, or vacated, of any federal or state authority barring, suspending, or otherwise limiting for more than 60 days the right of such person to engage in any such activity.

5.	Was found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission to have violated any federal or state securities law, and the judgment in such civil action or finding by the Securities and Exchange Commission has not been subsequently reversed, suspended, or vacated.

6.	Was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.

Director Compensation

We do not currently pay any compensation to our directors, nor do we pay directors’ expenses in attending board meetings.

Employment Agreements

The Company is not a party to any employment agreements.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, as of December 31, 2024, the number and percentage of our outstanding shares of common stock owned by (i) each person known to us to beneficially own more than 5% of our outstanding common stock, (ii) each director, (iii) each named executive officer, and (iv) all officers and directors as a group. Common stock beneficially owned and percentage ownership was based on 4,450,000 shares outstanding on December 31, 2024.

Except as otherwise provided, the address of each such person is the Company’s address at 558 Castle Pines Parkway B-4 Suite 140, Castle Pines, Colorado 80108.

Title of Class	Name and Address Of Beneficial Owner	Shares	Percentage
Common	A. Terry Ray ⁽¹⁾ 11069 E. Kilarea Ave. 180 Mesa, Arizona 85209	4,000,000	89.9%

Common	Janel Jean-Baptiste 2730 Celtic Dr. Castle Rock, CO 80104	20,000	.005%

	All Officers and Directors as a Group (2 persons)	4,020,000	90%

(1) Officer and Director of our Company.

Termination of Employment and Change of Control Arrangement

There are no compensatory plans or arrangements, including payments to be received from the Company, with respect to any person named in Cash Compensation set out above which would in any way result in payments to any such person because of his resignation, retirement, or other termination of such person's employment with the Company or its subsidiaries, or any change in control of the Company, or a change in the person's responsibilities following a changing in control of the Company.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

The Company has entered into promissory notes (each a “Note” and collectively the “Notes”) with related parties, Terayco Enterprises,

LTD. (“Terayco”) and A. Terry Ray (“Terry Ray”). Terayco is a corporation owned by Phillip E. Ray, the husband of A. Terry Ray, and A. Terry Ray, the officer and director and principal shareholder of the Company. Venture Vest Capital Corp. is a corporation owned by Philip E. Ray.

The Company received proceeds of $55,000 from these parties during the year ended December 31, 2023 and made $13,000 in repayments during the year ended December 31, 2023.

On December 20, 2024, Terry Ray loaned the Company an additional amount of $4,000 to be used for working capital for the company.

As of December 31, 2024, the outstanding promissory notes were consolidated into four new promissory notes.

Issue Date	Maturity Date		December 31, 2024
12/31/2023	12/31/2025	$	26,500	Terayco International, Ltd
12/31/2023	12/31/2025	$	71,000	Terry Ray
12/31/2023	12/31/2025	$	19,300	Terry Ray
3/31/2024	12/31/2025	$	34,000	VentureVest Capital Corp
6/20/2024	12/31/2025	$	30,000	VentureVest Capital Corp
12/20/2024	12/31/2025	$	4,000	Terry Ray
TOTAL		$	184,800

All promissory notes are interest free until December 31,2025 at which time any unpaid balance will bear interest at the rate of 4% per annum.

Director Independence

We are not at this time required to have our board comprised of a majority of “independent directors” as we are not subject to the listing requirements of any national securities exchange or association,

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The following table sets forth fees billed, or expected to be billed, to the Company by the Company’s independent auditors for the years ended December 31, 2024 and 2023, for (i) services rendered for the audit of the Company’s annual financial statements and the review of the Company’s quarterly financial statements; (ii) services rendered that are reasonably related to the performance of the audit or review of the Company’s financial statements that are not reported as Audit Fees; (iii) services rendered in connection with tax preparation, compliance, advice and assistance; and (iv) all other services:

		2024		2023
Audit fees	$	9,295	$	10,000
Audit Related fees	$	—	$	—
Other fees	$	—	$	—
Total Fees	$	9,295	$	10,000

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

The following exhibits are included herewith:

Exhibit

No.		Description
31.1		Rule 13a14(a)/15d-14(a) Certification of Chief Executive Officer and Principal Financial Officer
32.2		Section 1350 Certification of Principal Financial Officer
101.SCH*		XBRL Taxonomy Extension Schema Document(1)
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101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document(1)
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document(1)

ITEM 16. FORM 10-K SUMMARY

None.

Signatures

Pursuant to the requirements of Section 13(a) or 15(d) 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.

	Carriage House Event Center Inc.

Date: January 28, 2025	By:	/s/ A. Terry Ray
		A. Terry, Ray
		Chief Executive Officer, Chief Financial and Accounting
		Officer and Director

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EXHIBIT 31.1

Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

1.	I have reviewed this report on Form 10-K.

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 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 28, 2025	By:	/s/ A. Terry Ray
		A. Terry Ray
		Chief Executive Officer, Chief Financial and
		Accounting Officer and Director

EX-32.1 8 exhibit32-1.htm EXHIBIT 32.2 CARRIAGE HOUSE EVENT CENTER, Inc: Form 10k: Exhibit 32.1 - Filed by EDGARhub LLC

EXHIBIT 32.1

CERTIFICATION
Pursuant to 18 U.S.C. 1350
(Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Annual Report on Form 10-K of Carriage House Event Center Inc. (the “Company”) for the year ended December 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), A. Terry Ray, as Chief Executive Officer and Chief Financial Officer of the Company, hereby certifies, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

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

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

Date: January 28, 2025	By:	/s/ A. Terry Ray
		A. Terry Ray
		Chief Executive Officer, Chief Financial and Accounting
		Officer and Director

This certification accompanies each Report pursuant to § 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of §18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2024	Jan. 28, 2025
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	333-236117
Entity Registrant Name	CARRIAGE HOUSE EVENT CENTER, INC.
Entity Central Index Key	0001798458
Entity Incorporation, State or Country Code	CO
Entity Address, Address Line One	558 Castle Pines Parkway
Entity Address, Address Line Two	B-4,Suite 140
Entity Address, City or Town	Castle Pines
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80108
City Area Code	303
Local Phone Number	517-8845
Title of 12(g) Security	Common Stock, $0.001 par value
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		4,450,000
Auditor Name	MICHAEL GILLESPIE & ASSOCIATES, PLLC
Auditor Firm ID	6104
Auditor Location	Vancouver, Washington

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CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 31,901	$ 29,006
Total current assets	31,901	29,006
Total assets	31,901	29,006
Current liabilities:
Accounts payable		1,000
Related party debt	184,800
Non-current liabilities
Related party debt – long term		153,800
Total liabilities	184,800	154,800
Commitments and contingencies
Stockholders’ Deficit:
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding
Common stock; $0.001 par value; 45,000,000 shares authorized; 4,450,000 shares issued and outstanding	4,450	4,450
Additional paid in capital	29,700	29,700
Accumulated deficit	(187,049)	(159,944)
Total Stockholders’ Deficit	(152,899)	(125,794)
Total Liabilities and Stockholders’ Deficit	$ 31,901	$ 29,006

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CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	45,000,000	45,000,000
Common Stock, Shares, Outstanding	4,450,000	4,450,000

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Expenses:
General and administrative	$ 27,105	$ 15,434
Total operating expenses	27,105	15,434
Loss before provision for income taxes	(27,105)	(15,434)
Provision for income taxes
Net loss	$ (27,105)	$ (15,434)
Net Loss per common share
Basic and diluted	$ (0.00)	$ (0.00)
Weighted average shares outstanding
Basic and diluted	4,450,000	4,450,000

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2022	$ 4,450	$ 29,700	$ (144,510)	$ (110,360)
Beginning Balance, Shares at Dec. 31, 2022	4,450,000
Net loss			(15,434)	(15,434)
Ending balance, value at Dec. 31, 2023	4,450	29,700	(159,944)	$ (125,794)
Ending Balance, Shares at Dec. 31, 2023				4,450,000
Net loss			(27,105)	$ (27,105)
Ending balance, value at Dec. 31, 2024	$ 4,450	$ 29,700	$ (187,049)	$ (152,899)
Ending Balance, Shares at Dec. 31, 2024	4,450,000			4,450,000

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (27,105)	$ (15,434)
Adjustments to reconcile net loss to net cash used by operating activities:
Accounts payable	(1,000)	1,000
Net cash used by operating activities:	(28,105)	(14,434)
Cash flows from investing activities:
Cash flows from financing activities:
Proceeds from related party debt	34,000	55,000
Repayments to related party debt	(3,000)	(13,000)
Net cash provided by financing activities	31,000	42,000
Net change in cash	2,895	27,566
Cash at beginning of year	29,006	1,440
Cash at end of year	31,901	29,006
Supplemental schedule of cash flow information:
Interest paid
Income taxes paid

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ORGANIZATION AND DESCRIPTION OF BUSINESS

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Carriage House Events Center, Inc. (the “Company” or “We”) was incorporated under the laws of the State Colorado on June 26, 2010. The Company is developing its planned principal operations.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates

Concentrations of Credit Risk

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Principles of Consolidation

Stock-based Compensation

Fair Value of Financial Instruments

Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data.

Income Taxes

Net Income (Loss) per Common Share

Recent Accounting Standards

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GOING CONCERN

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN

NOTE 3 – GOING CONCERN

When completed, the purchase will be funded with common or preferred stock of the Company and debt.

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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2024

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

The Company received proceeds of $55,000 from these parties during the year ended December 31, 2023 and made $13,000 in repayments during the year ended December 31, 2023.

On December 20, 2024, Terry Ray loaned the Company an additional amount of $4,000 to be used for working capital for the company.

As of December 31, 2024, the outstanding promissory notes were consolidated into four new promissory notes.

Issue Date	Maturity Date		December 31, 2024
12/31/2023	12/31/2025	$	26,500	Terayco International, Ltd
12/31/2023	12/31/2025	$	71,000	Terry Ray
12/31/2023	12/31/2025	$	19,300	Terry Ray
3/31/2024	12/31/2025	$	34,000	VentureVest Capital Corp
6/20/2024	12/31/2025	$	30,000	VentureVest Capital Corp
12/20/2024	12/31/2025	$	4,000	Terry Ray
TOTAL		$	184,800

All promissory notes are interest free until December 31, 2025 at which time any unpaid balance will bear interest at the rate of 4% per annum.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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STOCKHOLDERS’ EQUITY

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

STOCKHOLDERS’ EQUITY

NOTE 5 – STOCKHOLDERS’ EQUITY

Common Stock

There are 45,000,000 shares of Common Stock, $0.001 par value, authorized, with 4,450,000 shares issued and outstanding as of December 31, 2024 and 2023.

Preferred Stock

We have 5,000,000 shares of Preferred Stock authorized, none of which have been designated. No shares are issued and outstanding.

- Definition

The entire disclosure for equity.

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+ Details

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INCOME TAX

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

INCOME TAX

NOTE 6 – INCOME TAX

The provision for Federal income tax consists of the following December 31:

		2024			2023
Federal income tax benefit attributable to:
Current Operations	$	(5,700	)	$	(3,200	)
Change in valuation allowance		5,700			3,200
Net provision for Federal income taxes	$	—		$	—

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

		2024			2023
Deferred tax asset attributable to:
Net operating loss carryover	$	(39,300	)	$	(33,500	)
Less: valuation allowance		39,300			33,500
Net deferred tax asset	$	—		$	—

The Company files income tax returns in the U.S. federal jurisdiction, and various state and local jurisdictions. Federal income tax returns prior to fiscal year 2018 are closed.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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-Paragraph 12C
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section S99
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

XML 22 R13.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 7 – SUBSEQUENT EVENTS

Subsequent to December 31, 2024, the Company repaid $10,000 of the March 31, 2024, note payable to VentureVest Capital Corporation and created a new note on January 8, 2025 for $24,000.

Effective January 22, 2024, the letter of intent to purchase the 8050 Sq. Ft. building in Mesa, Maricopa County, Arizona was terminated.

XML 23 R14.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“US GAAP”) and are reported in United States dollars.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Concentrations of Credit Risk	Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and Blue Carriage Events, Inc.; wholly-owned subsidiary. Intercompany balances and transactions have been eliminated in consolidation. During the years ended December 31, 2024 and 2023, Blue Carriage had no transactions and has no bank account.
Stock-based Compensation	Stock-based Compensation We account for equity-based transactions with employees and non-employees under the provisions of ASC 718, Compensation - Stock Compensation, which establishes that equity awards issued to employees and non-employees for services are valued at the grant date fair value of the equity award. An expense is recognized over the requisite service or vesting period. The fair value of stock options issued as compensation shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in ASC 718.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accordance with US GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash and accrued expenses, approximate their fair value because of the short maturity of those instruments. The Company’s related party debt approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at December 31, 2024 and 2023.
Income Taxes	Income Taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. The Company follows section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.
Net Income (Loss) per Common Share	Net Income (Loss) per Common Share Net income (loss) per common share is computed pursuant to ASC 260, Earnings per Share. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive shares of common stock during the period. The Company has no potentially dilutive shares as of December 31, 2024 and 2023.
Recent Accounting Standards	Recent Accounting Standards The Company has reviewed and implemented all new accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

XML 24 R15.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Related Party Transactions

Issue Date	Maturity Date		December 31, 2024
12/31/2023	12/31/2025	$	26,500	Terayco International, Ltd
12/31/2023	12/31/2025	$	71,000	Terry Ray
12/31/2023	12/31/2025	$	19,300	Terry Ray
3/31/2024	12/31/2025	$	34,000	VentureVest Capital Corp
6/20/2024	12/31/2025	$	30,000	VentureVest Capital Corp
12/20/2024	12/31/2025	$	4,000	Terry Ray
TOTAL		$	184,800

XML 25 R16.htm IDEA: XBRL DOCUMENT

INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Component Of Federal Income Tax

		2024			2023
Federal income tax benefit attributable to:
Current Operations	$	(5,700	)	$	(3,200	)
Change in valuation allowance		5,700			3,200
Net provision for Federal income taxes	$	—		$	—

Schedule of Deferred Tax Assets

		2024			2023
Deferred tax asset attributable to:
Net operating loss carryover	$	(39,300	)	$	(33,500	)
Less: valuation allowance		39,300			33,500
Net deferred tax asset	$	—		$	—

XML 26 R17.htm IDEA: XBRL DOCUMENT

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	12 Months Ended
	Dec. 31, 2024 shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Shares Issued	100

XML 27 R18.htm IDEA: XBRL DOCUMENT

GOING CONCERN (Details Narrative)	12 Months Ended
GOING CONCERN (Details Narrative)	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern, Management's Evaluation	The Company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern
Going Concern, Management's Plans	If the Company is unable to raise the required funds to fulfill its business plan, the Company may seek other opportunities including a possible merger, acquisition and/or change of our business plan.

XML 28 R19.htm IDEA: XBRL DOCUMENT

Schedule of Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Related Party Debt	$ 184,800
Terayco International [Member] \| First Promissory Notes [Member]
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 26,500
Terry Ray [Member] \| Second Promissory Notes [Member]
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 71,000
Terry Ray [Member] \| Third Promissory Notes [Member]
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 19,300
Terry Ray [Member] \| Sixth Promissory Notes [Member]
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 4,000
Venturevest Capital Corp. \| Forth Promissory Notes [Member]
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 34,000
Venturevest Capital Corp. \| Fifth Promissory Notes [Member]
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 30,000

XML 29 R20.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Proceeds from Related Party Loan		$ 34,000	$ 55,000
Payments on Related Party Debt		3,000	13,000
Notes Payable, Current		30,000
Venturevest Capital Corp.
Related Party Transaction [Line Items]
Proceeds from Related Party Loan		30,000
Payments on Related Party Debt	$ 3,000
Notes Reduction			$ 47,000
Notes Issued	$ 34,000
Terry Ray [Member]
Related Party Transaction [Line Items]
Proceeds from Related Party Loan		$ 4,000

XML 30 R21.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Equity [Abstract]
Common Stock, Shares Authorized	45,000,000	45,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Outstanding	4,450,000	4,450,000
Common Stock, Shares, Issued	4,450,000	4,450,000
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

XML 31 R22.htm IDEA: XBRL DOCUMENT

Schedule of Component Of Federal Income Tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Federal income tax benefit attributable to:
Current Operations	$ (5,700)	$ (3,200)
Change in valuation allowance	5,700	3,200
Net provision for Federal income taxes

XML 32 R23.htm IDEA: XBRL DOCUMENT

Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Deferred tax asset attributable to:
Net operating loss carryover	$ (39,300)	$ (33,500)
Less: valuation allowance	39,300	33,500
Net deferred tax asset

XML 33 R24.htm IDEA: XBRL DOCUMENT

INCOME TAX (Details Narrative)	12 Months Ended
INCOME TAX (Details Narrative)	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	21.00%

XML 34 R25.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS (Details Narrative) - USD ($)			12 Months Ended
SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jan. 22, 2025	Jan. 08, 2025	Dec. 31, 2024
Subsequent Event [Line Items]
Aggrement for Selling Number of Common Shares			100
S E L L I N G S H A R E H O L D E R S [Member]
Subsequent Event [Line Items]
Aggrement for Selling Number of Common Shares	4,150,000
C H E C [Member] \| Z H O N G H E B R A N D L T D [Member]
Subsequent Event [Line Items]
Ownership Percentages	93.26%
Subsequent Event [Member]
Subsequent Event [Line Items]
Repayments to Note, March31, 2024		$ 10,000
New Note Issued		$ 24,000

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XML 44 form10k_htm.xml IDEA: XBRL DOCUMENT 0001798458 2024-01-01 2024-12-31 0001798458 2025-01-28 0001798458 2024-12-31 0001798458 2023-12-31 0001798458 2023-01-01 2023-12-31 0001798458 us-gaap:CommonStockMember 2022-12-31 0001798458 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001798458 us-gaap:RetainedEarningsMember 2022-12-31 0001798458 2022-12-31 0001798458 us-gaap:CommonStockMember 2023-12-31 0001798458 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001798458 us-gaap:RetainedEarningsMember 2023-12-31 0001798458 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001798458 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001798458 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001798458 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001798458 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001798458 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001798458 us-gaap:CommonStockMember 2024-12-31 0001798458 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001798458 us-gaap:RetainedEarningsMember 2024-12-31 0001798458 chec:VentureVestMember 2024-01-01 2024-03-31 0001798458 chec:VentureVestMember 2023-01-01 2023-12-31 0001798458 chec:VentureVestMember 2024-01-01 2024-12-31 0001798458 chec:TerryRayMember 2024-01-01 2024-12-31 0001798458 chec:FirstPromissoryNotesMember chec:TeraycoInternationalMember 2024-01-01 2024-12-31 0001798458 chec:FirstPromissoryNotesMember chec:TeraycoInternationalMember 2024-12-31 0001798458 chec:SecondPromissoryNotesMember chec:TerryRayMember 2024-01-01 2024-12-31 0001798458 chec:SecondPromissoryNotesMember chec:TerryRayMember 2024-12-31 0001798458 chec:ThirdPromissoryNotesMember chec:TerryRayMember 2024-01-01 2024-12-31 0001798458 chec:ThirdPromissoryNotesMember chec:TerryRayMember 2024-12-31 0001798458 chec:ForthPromissoryNotesMember chec:VentureVestMember 2024-01-01 2024-12-31 0001798458 chec:ForthPromissoryNotesMember chec:VentureVestMember 2024-12-31 0001798458 chec:FifthPromissoryNotesMember chec:VentureVestMember 2024-01-01 2024-12-31 0001798458 chec:FifthPromissoryNotesMember chec:VentureVestMember 2024-12-31 0001798458 chec:SixthPromissoryNotesMember chec:TerryRayMember 2024-01-01 2024-12-31 0001798458 chec:SixthPromissoryNotesMember chec:TerryRayMember 2024-12-31 0001798458 us-gaap:SubsequentEventMember 2025-01-08 2025-01-08 0001798458 chec:SELLINGSHAREHOLDERSMember 2025-01-22 2025-01-22 0001798458 chec:ZHONGHEBRANDLTDMember chec:CHECMember 2025-01-22 2025-01-22 iso4217:USD shares iso4217:USD shares pure false true FY 2024 --12-31 false 0001798458 CO 0 10-K 2024-12-31 333-236117 CARRIAGE HOUSE EVENT CENTER, INC. 558 Castle Pines Parkway B-4,Suite 140 Castle Pines CO 80108 303 517-8845 Common Stock, $0.001 par value No No Yes Yes Non-accelerated Filer true true false false 4450000 MICHAEL GILLESPIE & ASSOCIATES, PLLC 6104 Vancouver, Washington 31901 29006 31901 29006 31901 29006 1000 184800 153800 184800 154800 0.001 0.001 5000000 5000000 0 0 0.001 0.001 45000000 45000000 4450000 4450000 4450 4450 29700 29700 -187049 -159944 -152899 -125794 31901 29006 27105 15434 27105 15434 -27105 -15434 -27105 -15434 -0.00 -0.00 4450000 4450000 4450000 4450 29700 -144510 -110360 -15434 -15434 4450000 4450 29700 -159944 -125794 -27105 -27105 4450000 4450 29700 -187049 -152899 27105 15434 -1000 1000 -28105 -14434 34000 55000 3000 13000 31000 42000 2895 27566 29006 1440 31901 29006 NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Carriage House Events Center, Inc. (the “Company” or “We”) was incorporated under the laws of the State Colorado on June 26, 2010. The Company is developing its planned principal operations. A new corporation, Blue Carriage Events, Inc. (“Blue Carriage”), was formed under the laws of the State of Colorado in September 2018. Blue Carriage issued the Company 100 shares and is a wholly owned subsidiary of the Company. The Company was formed for the purpose of researching and developing a concept for an Event Center with many additional associated businesses on the same grounds of the Event Center. For several years, the Company did extensive research on Event Centers throughout Colorado, Utah, Nevada and Arizona. The Covid-19 Pandemic and other circumstances negatively affected the event center business and ultimately our ability to raise capital and move forward with our original business plan. However, now that the Pandemic has subsided, the Company intends to move forward 100 NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“US GAAP”) and are reported in United States dollars. Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Principles of Consolidation The consolidated financial statements include the accounts of the Company and Blue Carriage Events, Inc.; wholly-owned subsidiary. Intercompany balances and transactions have been eliminated in consolidation. During the years ended December 31, 2024 and 2023, Blue Carriage had no transactions and has no bank account. Stock-based Compensation We account for equity-based transactions with employees and non-employees under the provisions of ASC 718, Compensation - Stock Compensation, which establishes that equity awards issued to employees and non-employees for services are valued at the grant date fair value of the equity award. An expense is recognized over the requisite service or vesting period. The fair value of stock options issued as compensation shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in ASC 718. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accordance with US GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash and accrued expenses, approximate their fair value because of the short maturity of those instruments. The Company’s related party debt approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at December 31, 2024 and 2023. Income Taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. The Company follows section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25. Net Income (Loss) per Common Share Net income (loss) per common share is computed pursuant to ASC 260, Earnings per Share. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive shares of common stock during the period. The Company has no potentially dilutive shares as of December 31, 2024 and 2023. Recent Accounting Standards The Company has reviewed and implemented all new accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“US GAAP”) and are reported in United States dollars. Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Principles of Consolidation The consolidated financial statements include the accounts of the Company and Blue Carriage Events, Inc.; wholly-owned subsidiary. Intercompany balances and transactions have been eliminated in consolidation. During the years ended December 31, 2024 and 2023, Blue Carriage had no transactions and has no bank account. Stock-based Compensation We account for equity-based transactions with employees and non-employees under the provisions of ASC 718, Compensation - Stock Compensation, which establishes that equity awards issued to employees and non-employees for services are valued at the grant date fair value of the equity award. An expense is recognized over the requisite service or vesting period. The fair value of stock options issued as compensation shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in ASC 718. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accordance with US GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash and accrued expenses, approximate their fair value because of the short maturity of those instruments. The Company’s related party debt approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at December 31, 2024 and 2023. Income Taxes The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. The Company follows section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25. Net Income (Loss) per Common Share Net income (loss) per common share is computed pursuant to ASC 260, Earnings per Share. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive shares of common stock during the period. The Company has no potentially dilutive shares as of December 31, 2024 and 2023. Recent Accounting Standards The Company has reviewed and implemented all new accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. NOTE 3 – GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred losses since inception and has used mainly related party loans to finance activities during the period from June 26, 2010 (inception) through December 31, 2024, with no resulting revenues. The Company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern. The Company’s ability to achieve a level of profitable operations and/or additional financing impacts the Company’s ability to continue as it is presently organized. Management continues to develop its planned principal operations. Should management be unsuccessful in its operating activities, the Company may substantially curtail or terminate its operations. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. On June 1, 2023, the Company entered into a letter of intent to purchase an 8050 Sq. Ft. building in Mesa, Maricopa County, Arizona. There became a problem as to when the present tenants would vacate the building. The letter of intent was renewed on December 20, 2024 When completed, the purchase will be funded with common or preferred stock of the Company and debt. Our focus for the fiscal year ending December 31, 2025, will be on continuing our attempt to raise additional capital, increasing research as to the overall concept, contacting companies that could possibly be a part of the Carriage House Event Center concept and completing a transaction on a facility. If the Company is unable to raise the required funds to fulfill its business plan, the Company may seek other opportunities including a possible merger, acquisition and/or change of our business plan. The Company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern If the Company is unable to raise the required funds to fulfill its business plan, the Company may seek other opportunities including a possible merger, acquisition and/or change of our business plan. NOTE 4 – RELATED PARTY TRANSACTIONS The Company has entered into promissory notes (each a “Note” and collectively the “Notes”) with related parties, Terayco Enterprises, LTD. (“Terayco”) and A. Terry Ray (“Terry Ray”). Terayco is a corporation owned by Phillip E. Ray, the husband of A. Terry Ray, and A. Terry Ray, the officer and director and principal shareholder of the Company. Venture Vest Capital Corp. is a corporation owned by Philip E. Ray. The Company received proceeds of $55,000 from these parties during the year ended December 31, 2023 and made $13,000 in repayments during the year ended December 31, 2023. In February and March of 2024, an amount of <span id="xdx_90C_eus-gaap--RepaymentsOfRelatedPartyDebt_c20240101__20240331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember_zx64BsCTsma8" title="Payments on Related Party Debt">$3,000 was repaid to Venturevest Capital Corp. and the Promissory Note of December 31, 2023 in the amount of $47,000 was cancelled and a new Promissory Note in the amount of $34,000 was made to Venturevest Capital Corp. dated March 31, 2024. On June 19, 2024, Venturevest Capital Corp. loaned the Company an additional amount of <span id="xdx_90D_eus-gaap--ProceedsFromRelatedPartyDebt_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember_zLsV1DRvqi3a" title="Proceeds from Related Party Loan">$30,000 to be used for working capital for the company. The Company entered into a promissory note with Venturevest Capital Corporation on June 20, 2024, in the amount of $30,000. On December 20, 2024, Terry Ray loaned the Company an additional amount of <span id="xdx_90E_eus-gaap--ProceedsFromRelatedPartyDebt_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember_zKMznurioeGf" title="Proceeds from Related Party Loan">$4,000 to be used for working capital for the company. As of December 31, 2024, the outstanding promissory notes were consolidated into four new promissory notes. <table border="0" cellpadding="0" cellspacing="0" id="xdx_882_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zhrBXaqldPoh" style="font-size: 10pt; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule of Related Party Transactions (Details)"> <tr style="vertical-align: top"> <td style="border-bottom: #000000 1px solid; text-align: center">Issue Date </td> <td style="text-align: left; width: 1%"> </td> <td style="border-bottom: #000000 1px solid; text-align: center; width: 9%">Maturity Date </td> <td style="text-align: center; width: 2%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="border-bottom: #000000 1px solid; text-align: center; width: 9%">December 31, 2024 </td> <td style="text-align: center; width: 2%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: left; width: 15%"> </td> <td style="text-align: left; width: 2%"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">12/31/2023 </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td id="xdx_989_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TeraycoInternationalMember__us-gaap--DebtInstrumentAxis__custom--FirstPromissoryNotesMember_zMFz20I6CTWi" style="text-align: right; width: 9%; background-color: #e6efff" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff">$</td> <td id="xdx_988_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TeraycoInternationalMember__us-gaap--DebtInstrumentAxis__custom--FirstPromissoryNotesMember_zafGEt7MFqC2" style="text-align: right; width: 9%; background-color: #e6efff" title="Related Party Debt"> 26,500 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: right; width: 15%; background-color: #e6efff">Terayco International, Ltd </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left">12/31/2023 </td> <td style="text-align: left; width: 1%"> </td> <td id="xdx_98D_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--SecondPromissoryNotesMember_zNqSVyZVBQQ" style="text-align: right; width: 9%" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%">$</td> <td id="xdx_98C_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--SecondPromissoryNotesMember_zccuyCQbZtti" style="text-align: right; width: 9%" title="Related Party Debt"> 71,000 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 15%">Terry Ray </td> <td style="text-align: left; width: 2%"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">12/31/2023 </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td id="xdx_98B_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--ThirdPromissoryNotesMember_zmj47DGvDz6e" style="text-align: right; width: 9%; background-color: #e6efff" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff">$</td> <td id="xdx_982_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--ThirdPromissoryNotesMember_zZoC3w4RUCpb" style="text-align: right; width: 9%; background-color: #e6efff" title="Related Party Debt"> 19,300 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: right; width: 15%; background-color: #e6efff">Terry Ray </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left">3/31/2024 </td> <td style="text-align: left; width: 1%"> </td> <td id="xdx_98A_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember__us-gaap--DebtInstrumentAxis__custom--ForthPromissoryNotesMember_zlp8Lgy5c3lh" style="text-align: right; width: 9%" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%">$</td> <td id="xdx_985_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember__us-gaap--DebtInstrumentAxis__custom--ForthPromissoryNotesMember_zmtfOrXMgfg5" style="text-align: right; width: 9%" title="Related Party Debt"> 34,000 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 15%">VentureVest Capital Corp </td> <td style="text-align: left; width: 2%"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">6/20/2024 </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td id="xdx_987_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember__us-gaap--DebtInstrumentAxis__custom--FifthPromissoryNotesMember_zyuESUFUj0k6" style="text-align: right; width: 9%; background-color: #e6efff" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff">$</td> <td id="xdx_988_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember__us-gaap--DebtInstrumentAxis__custom--FifthPromissoryNotesMember_zuKxLiS1njka" style="text-align: right; width: 9%; background-color: #e6efff" title="Related Party Debt"> 30,000 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: right; width: 15%; background-color: #e6efff">VentureVest Capital Corp </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left">12/20/2024 </td> <td style="text-align: left; width: 1%"> </td> <td id="xdx_980_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--SixthPromissoryNotesMember_zdZr2o4cv6sa" style="text-align: right; width: 9%" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%">$</td> <td id="xdx_985_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--SixthPromissoryNotesMember_zgVWSNXFdI6b" style="border-bottom: #000000 1px solid; text-align: right; width: 9%" title="Related Party Debt"> 4,000 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 15%">Terry Ray </td> <td style="text-align: left; width: 2%"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: center; background-color: #e6efff">TOTAL </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 9%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%; background-color: #e6efff">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 9%; background-color: #e6efff"> 184,800 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 15%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr></table> All promissory notes are interest free until December 31, 2025 at which time any unpaid balance will bear interest at the rate of 4% per annum. 55000 13000 3000 47000 34000 30000 30000 4000 <table border="0" cellpadding="0" cellspacing="0" id="xdx_882_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zhrBXaqldPoh" style="font-size: 10pt; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule of Related Party Transactions (Details)"> <tr style="vertical-align: top"> <td style="border-bottom: #000000 1px solid; text-align: center">Issue Date </td> <td style="text-align: left; width: 1%"> </td> <td style="border-bottom: #000000 1px solid; text-align: center; width: 9%">Maturity Date </td> <td style="text-align: center; width: 2%"> </td> <td style="text-align: center; width: 1%"> </td> <td style="border-bottom: #000000 1px solid; text-align: center; width: 9%">December 31, 2024 </td> <td style="text-align: center; width: 2%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: left; width: 15%"> </td> <td style="text-align: left; width: 2%"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">12/31/2023 </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td id="xdx_989_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TeraycoInternationalMember__us-gaap--DebtInstrumentAxis__custom--FirstPromissoryNotesMember_zMFz20I6CTWi" style="text-align: right; width: 9%; background-color: #e6efff" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff">$</td> <td id="xdx_988_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TeraycoInternationalMember__us-gaap--DebtInstrumentAxis__custom--FirstPromissoryNotesMember_zafGEt7MFqC2" style="text-align: right; width: 9%; background-color: #e6efff" title="Related Party Debt"> 26,500 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: right; width: 15%; background-color: #e6efff">Terayco International, Ltd </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left">12/31/2023 </td> <td style="text-align: left; width: 1%"> </td> <td id="xdx_98D_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--SecondPromissoryNotesMember_zNqSVyZVBQQ" style="text-align: right; width: 9%" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%">$</td> <td id="xdx_98C_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--SecondPromissoryNotesMember_zccuyCQbZtti" style="text-align: right; width: 9%" title="Related Party Debt"> 71,000 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 15%">Terry Ray </td> <td style="text-align: left; width: 2%"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">12/31/2023 </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td id="xdx_98B_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--ThirdPromissoryNotesMember_zmj47DGvDz6e" style="text-align: right; width: 9%; background-color: #e6efff" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff">$</td> <td id="xdx_982_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--ThirdPromissoryNotesMember_zZoC3w4RUCpb" style="text-align: right; width: 9%; background-color: #e6efff" title="Related Party Debt"> 19,300 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: right; width: 15%; background-color: #e6efff">Terry Ray </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left">3/31/2024 </td> <td style="text-align: left; width: 1%"> </td> <td id="xdx_98A_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember__us-gaap--DebtInstrumentAxis__custom--ForthPromissoryNotesMember_zlp8Lgy5c3lh" style="text-align: right; width: 9%" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%">$</td> <td id="xdx_985_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember__us-gaap--DebtInstrumentAxis__custom--ForthPromissoryNotesMember_zmtfOrXMgfg5" style="text-align: right; width: 9%" title="Related Party Debt"> 34,000 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 15%">VentureVest Capital Corp </td> <td style="text-align: left; width: 2%"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">6/20/2024 </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td id="xdx_987_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember__us-gaap--DebtInstrumentAxis__custom--FifthPromissoryNotesMember_zyuESUFUj0k6" style="text-align: right; width: 9%; background-color: #e6efff" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff">$</td> <td id="xdx_988_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VentureVestMember__us-gaap--DebtInstrumentAxis__custom--FifthPromissoryNotesMember_zuKxLiS1njka" style="text-align: right; width: 9%; background-color: #e6efff" title="Related Party Debt"> 30,000 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: right; width: 15%; background-color: #e6efff">VentureVest Capital Corp </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: left">12/20/2024 </td> <td style="text-align: left; width: 1%"> </td> <td id="xdx_980_eus-gaap--DebtInstrumentMaturityDate_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--SixthPromissoryNotesMember_zdZr2o4cv6sa" style="text-align: right; width: 9%" title="Promissory Notes, Maturity Date">12/31/2025 </td> <td style="text-align: left; width: 2%"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%">$</td> <td id="xdx_985_eus-gaap--NotesAndLoansPayableCurrent_iI_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TerryRayMember__us-gaap--DebtInstrumentAxis__custom--SixthPromissoryNotesMember_zgVWSNXFdI6b" style="border-bottom: #000000 1px solid; text-align: right; width: 9%" title="Related Party Debt"> 4,000 </td> <td style="text-align: left; width: 2%"> </td> <td style="text-align: left; width: 1%"> </td> <td style="text-align: right; width: 15%">Terry Ray </td> <td style="text-align: left; width: 2%"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: center; background-color: #e6efff">TOTAL </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 9%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%; background-color: #e6efff">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 9%; background-color: #e6efff"> 184,800 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 15%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr></table> 2025-12-31 26500 2025-12-31 71000 2025-12-31 19300 2025-12-31 34000 2025-12-31 30000 2025-12-31 4000 NOTE 5 – STOCKHOLDERS’ EQUITY Common Stock There are 45,000,000 shares of Common Stock, $0.001 par value, authorized, with 4,450,000 shares issued and outstanding as of December 31, 2024 and 2023. The holders of Common Stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. Holders of Common Stock are entitled to receive ratably such dividends, if any, as may be declared by the Board of Directors out of funds legally available therefore, subject to any preferential dividend rights of outstanding Preferred Stock, which may be authorized and issued in the future. Upon a liquidation, dissolution or winding up of the Company, the holders of Common Stock are entitled to receive ratably the net assets available after the payment of all debts and other liabilities, and subject further only to the prior rights of any outstanding Preferred Stock which may be authorized and issued in the future. The holders of Common Stock have no preemptive, subscription, redemption or conversion rights. The outstanding shares of Common Stock are, and the shares offered herein will be, when issued and paid for, fully paid and non-assessable. Cumulative voting in the election of directors is not permitted and the holders of a majority of the number of outstanding shares will be in a position to control the election of directors at a general shareholder meeting and may elect all of the directors standing for election. We have no present intention to pay cash dividends to the holders of Common Stock. Preferred Stock We have 5,000,000 shares of Preferred Stock authorized, none of which have been designated. No shares are issued and outstanding. 45000000 45000000 0.001 0.001 4450000 4450000 4450000 4450000 5000000 5000000 0 0 0 0 NOTE 6 – INCOME TAX Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company is using the U.S. federal income tax rate of 21%. The provision for Federal income tax consists of the following December 31: <table border="0" cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_zFCL5YffBby7" style="font-size: 10pt; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule of Component Of Federal Income Tax (Details)"> <tr style="vertical-align: top"> <td style="text-align: left"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%"> </td> <td id="xdx_49E_20240101__20241231_zGCDZIZpFjE7" style="border-bottom: #000000 1px solid; text-align: center; width: 12%">2024 </td> <td style="text-align: center; width: 2%"> </td> <td style="border-bottom: #000000 1px solid; text-align: center; width: 1%"> </td> <td id="xdx_498_20230101__20231231_zRZiduDI0OU6" style="border-bottom: #000000 1px solid; text-align: center; width: 12%">2023 </td> <td style="text-align: left; width: 2%"> </td></tr> <tr id="xdx_404_eus-gaap--FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperationsAbstract_iB_zO9mQZDz1dt7" style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">Federal income tax benefit attributable to: </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 12%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 12%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr id="xdx_404_eus-gaap--CurrentFederalTaxExpenseBenefit_zcP29fRu2yU3" style="vertical-align: top"> <td style="text-align: left">Current Operations </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 12%"> (5,700</td> <td style="text-align: left; width: 2%">) </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 12%"> (3,200</td> <td style="text-align: left; width: 2%">) </td></tr> <tr id="xdx_40E_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_ztrFPlYWLWjg" style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">Change in valuation allowance </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: right; width: 12%; background-color: #e6efff">5,700 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: right; width: 12%; background-color: #e6efff">3,200 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr id="xdx_409_eus-gaap--FederalIncomeTaxExpenseBenefitContinuingOperations_zsldblUUcPag" style="vertical-align: top"> <td style="text-align: left">Net provision for Federal income taxes </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 12%"> — </td> <td style="text-align: left; width: 2%"> </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 12%"> — </td> <td style="text-align: left; width: 2%"> </td></tr></table> The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: <table border="0" cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zxv5CFBWfzkk" style="font-size: 10pt; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule of Deferred Tax Assets (Details)"> <tr style="vertical-align: top"> <td style="text-align: left"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%"> </td> <td id="xdx_49A_20241231_z5FDJoVchwY" style="border-bottom: #000000 1px solid; text-align: right; width: 12%">2024 </td> <td style="text-align: left; width: 2%"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%"> </td> <td id="xdx_49D_20231231_zBz5a3r5rtol" style="border-bottom: #000000 1px solid; text-align: right; width: 12%">2023 </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 2%"> </td></tr> <tr id="xdx_40C_eus-gaap--ComponentsOfDeferredTaxAssetsAbstract_iB_zt2LbW4MU6Df" style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">Deferred tax asset attributable to: </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 12%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 12%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iNI_di_zP2EUsV1aQOj" style="vertical-align: top"> <td style="text-align: left">Net operating loss carryover </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 12%"> (39,300</td> <td style="text-align: left; width: 2%">) </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 12%"> (33,500</td> <td style="text-align: left; width: 2%">) </td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsValuationAllowance_iI_zGTsBNmkOO0c" style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">Less: valuation allowance </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: right; width: 12%; background-color: #e6efff">39,300 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: right; width: 12%; background-color: #e6efff">33,500 </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsNet_iI_z4yG7KHOT3bb" style="vertical-align: top"> <td style="text-align: left">Net deferred tax asset </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 12%"> — </td> <td style="text-align: left; width: 2%"> </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 12%"> — </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 2%"> </td></tr></table> At December 31, 2024, the Company had net operating loss carry forwards of approximately $187,000 that may be offset against future taxable income. No tax benefit has been reported in the December 31, 2024 or 2023 consolidated financial statements since the potential tax benefit is offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. ASC 740, Income Taxes, provides guidance on the accounting for uncertainty in income taxes recognized in a company’s financial statements. ASC 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the consolidated financial statements. The Company files income tax returns in the U.S. federal jurisdiction, and various state and local jurisdictions. Federal income tax returns prior to fiscal year 2018 are closed. The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of December 31, 2024, the Company had no accrued interest or penalties related to uncertain tax positions. 0.21 <table border="0" cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_zFCL5YffBby7" style="font-size: 10pt; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule of Component Of Federal Income Tax (Details)"> <tr style="vertical-align: top"> <td style="text-align: left"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%"> </td> <td id="xdx_49E_20240101__20241231_zGCDZIZpFjE7" style="border-bottom: #000000 1px solid; text-align: center; width: 12%">2024 </td> <td style="text-align: center; width: 2%"> </td> <td style="border-bottom: #000000 1px solid; text-align: center; width: 1%"> </td> <td id="xdx_498_20230101__20231231_zRZiduDI0OU6" style="border-bottom: #000000 1px solid; text-align: center; width: 12%">2023 </td> <td style="text-align: left; width: 2%"> </td></tr> <tr id="xdx_404_eus-gaap--FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperationsAbstract_iB_zO9mQZDz1dt7" style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">Federal income tax benefit attributable to: </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 12%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 12%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr id="xdx_404_eus-gaap--CurrentFederalTaxExpenseBenefit_zcP29fRu2yU3" style="vertical-align: top"> <td style="text-align: left">Current Operations </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 12%"> (5,700</td> <td style="text-align: left; width: 2%">) </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 12%"> (3,200</td> <td style="text-align: left; width: 2%">) </td></tr> <tr id="xdx_40E_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_ztrFPlYWLWjg" style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">Change in valuation allowance </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: right; width: 12%; background-color: #e6efff">5,700 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: right; width: 12%; background-color: #e6efff">3,200 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr id="xdx_409_eus-gaap--FederalIncomeTaxExpenseBenefitContinuingOperations_zsldblUUcPag" style="vertical-align: top"> <td style="text-align: left">Net provision for Federal income taxes </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 12%"> — </td> <td style="text-align: left; width: 2%"> </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 12%"> — </td> <td style="text-align: left; width: 2%"> </td></tr></table> -5700 -3200 5700 3200 0.21 <table border="0" cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zxv5CFBWfzkk" style="font-size: 10pt; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule of Deferred Tax Assets (Details)"> <tr style="vertical-align: top"> <td style="text-align: left"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%"> </td> <td id="xdx_49A_20241231_z5FDJoVchwY" style="border-bottom: #000000 1px solid; text-align: right; width: 12%">2024 </td> <td style="text-align: left; width: 2%"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%"> </td> <td id="xdx_49D_20231231_zBz5a3r5rtol" style="border-bottom: #000000 1px solid; text-align: right; width: 12%">2023 </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 2%"> </td></tr> <tr id="xdx_40C_eus-gaap--ComponentsOfDeferredTaxAssetsAbstract_iB_zt2LbW4MU6Df" style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">Deferred tax asset attributable to: </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 12%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="text-align: left; width: 12%; background-color: #e6efff"> </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iNI_di_zP2EUsV1aQOj" style="vertical-align: top"> <td style="text-align: left">Net operating loss carryover </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 12%"> (39,300</td> <td style="text-align: left; width: 2%">) </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 12%"> (33,500</td> <td style="text-align: left; width: 2%">) </td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsValuationAllowance_iI_zGTsBNmkOO0c" style="vertical-align: top"> <td style="text-align: left; background-color: #e6efff">Less: valuation allowance </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: right; width: 12%; background-color: #e6efff">39,300 </td> <td style="text-align: left; width: 2%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 1%; background-color: #e6efff"> </td> <td style="border-bottom: #000000 1px solid; text-align: right; width: 12%; background-color: #e6efff">33,500 </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 2%; background-color: #e6efff"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsNet_iI_z4yG7KHOT3bb" style="vertical-align: top"> <td style="text-align: left">Net deferred tax asset </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 12%"> — </td> <td style="text-align: left; width: 2%"> </td> <td style="border-bottom: #000000 3px double; text-align: left; width: 1%">$</td> <td style="border-bottom: #000000 3px double; text-align: right; width: 12%"> — </td> <td style="border-bottom: #000000 1px solid; text-align: left; width: 2%"> </td></tr></table> 39300 33500 39300 33500 NOTE 7 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC 855, Subsequent Events, from the balance sheet date through January 23, 2025, the date the consolidated financial statements were issued and has determined that the following material subsequent events exist. Subsequent to December 31, 2024, the Company repaid $10,000 of the March 31, 2024, note payable to VentureVest Capital Corporation and created a new note on January 8, 2025 for $24,000. On January 6, 2025 four shareholders of the Company, including A. Terry Ray, Terayco Enterprises, Ltd., DLR Associates, and Janel Jean-Baptiste (Dunda) (collectively, the “Selling Shareholders”), entered into a Stock Purchase Agreement (as at any time amended, restated, supplemented or otherwise modified, the “Purchase Agreement”) with Zhonghe Brand Ltd., a company established in the British Virgin Islands (the “Purchaser”) to sell an aggregate of Four Million One Hundred Fifty Thousand (<span id="xdx_902_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c20250122__20250122__us-gaap--BusinessAcquisitionAxis__custom--SELLINGSHAREHOLDERSMember_zg5AyFKfmVO3" title="Aggrement for Selling Number of Common Shares">4,150,000) shares of the Company’s common stock, personally owned by Selling Shareholders, which represents approximately <span id="xdx_90F_eus-gaap--VariableInterestEntityOwnershipPercentage_c20250122__20250122__us-gaap--BusinessAcquisitionAxis__custom--CHECMember__srt--OwnershipAxis__custom--ZHONGHEBRANDLTDMember_z8tvfsACmuga" title="Ownership Percentages">93.26% of the issued and outstanding shares of the Company. The closing of the Purchase Agreement became effective on January 22, 2025 (the “Effective Date”). In addition, on the Effective Date, A Terry Ray and Janel Jean-Baptiste (Dunda), submitted their resignations from all executive officer positions with the Company, including Chief Executive Officer, Chief Financial Officer, and Secretary respectively. Mr. Lei He was appointed as Chief Executive Officer, Chief Financial Officer and to the Board of the Company, effective immediately. Ms. Ziqian Li was appointed as Secretary of the Company, effective immediately. Effective January 22, 2024, the letter of intent to purchase the 8050 Sq. Ft. building in Mesa, Maricopa County, Arizona was terminated. 10000 24000 4150000 0.9326