Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Sep. 30, 2019 | Dec. 27, 2019 | Mar. 31, 2019 | |
Cover [Abstract] | |||
Entity Registrant Name | China Foods Holdings Ltd. | ||
Entity Central Index Key | 0001310630 | ||
Document Type | 10-K | ||
Document Period End Date | Sep. 30, 2019 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --09-30 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business Flag | true | ||
Entity Emerging Growth Company | false | ||
Entity Ex Transition Period | false | ||
Entity Shell Company | true | ||
Entity Public Float | $ 314,136 | ||
Entity Common Stock, Shares Outstanding | 5,252,309 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2019 |
Balance Sheets
Balance Sheets - USD ($) | Sep. 30, 2019 | Sep. 30, 2018 |
Current Asset | ||
Bank balance | $ 23,364 | |
Total Current Asset | 23,364 | |
TOTAL ASSET | 23,364 | 0 |
Current Liabilities | ||
Other payables | 13,332 | 3,959 |
Income taxes payable | 100 | |
Amount due to a director | 87,473 | 14,000 |
Amount due to the holding company | 30,000 | |
Total Current Liabilities and Total Liabilities | 130,805 | 18,059 |
STOCKHOLDERS' DEFICIT | ||
Common stock (September 30, 2019: $0.0001 par value, 100,000,000 shares authorized, 5,252,309 shares issued and outstanding) (September 30, 2018: no par value, 100,000,000 shares authorized, 5,251,309 shares issued and outstanding) | 525 | 137,413 |
Additional paid-in capital | 136,988 | |
Other reserve | 350,547 | 350,547 |
Accumulated deficit | (595,501) | (506,019) |
Total Stockholders' Deficit | (107,441) | (18,059) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 23,364 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2019 | Sep. 30, 2018 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.0001 | |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 5,252,309 | 5,251,309 |
Common stock, shares outstanding | 5,252,309 | 5,251,309 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Income Statement [Abstract] | ||
Income | ||
Costs of sales | ||
Gross profit | ||
General and administrative expense | 89,482 | 42,308 |
Operating loss | (89,482) | (42,308) |
Interest expense to a related party | (20,350) | |
Loss before income taxes | (89,482) | (62,658) |
Provision for income taxes | 100 | |
Net loss | $ (89,482) | $ (62,758) |
Net loss per common share Basic and diluted | $ (0.02) | $ (0.01) |
Weighted average number of common shares Basic and diluted | 5,251,862 | 5,251,309 |
Statements of Stockholders' Def
Statements of Stockholders' Deficit - USD ($) | Common Stock [Member] | Merger Reserve [Member] | Other Reserve [Member] | Accumulated Deficit [Member] | Total | ||
Balance at Sep. 30, 2017 | $ 137,413 | [1] | [2] | $ (443,261) | $ (305,848) | ||
Balance, shares at Sep. 30, 2017 | 5,251,309 | ||||||
Other reserve | 350,547 | 350,547 | |||||
Net loss for the year | [1] | [2] | (62,758) | (62,758) | |||
Balance at Sep. 30, 2018 | $ 137,413 | [1] | 350,547 | [2] | (506,019) | (18,059) | |
Balance, shares at Sep. 30, 2018 | 5,251,309 | ||||||
Merger transaction | $ (136,888) | 136,988 | [1] | [2] | 100 | ||
Merger transaction, shares | 1,000 | ||||||
Net loss for the year | [1] | [2] | (89,482) | (89,482) | |||
Balance at Sep. 30, 2019 | $ 525 | $ 136,988 | [1] | $ 350,547 | [2] | $ (595,501) | $ (107,441) |
Balance, shares at Sep. 30, 2019 | 5,252,309 | ||||||
[1] | Merger reserve represent the difference between the nominal value of the share capital of the merged company and the cost of investment. | ||||||
[2] | Other reserve represent the waiver of an aggregated principal and interest of $350,547 by the president of Trafalgar Resources, Inc.,. |
Statements of Stockholders' D_2
Statements of Stockholders' Deficit (Parenthetical) | Sep. 30, 2018USD ($) |
Aggregated principal and interest amount | $ 350,547 |
Trafalgar Resources, Inc. [Member] | |
Aggregated principal and interest amount | $ 350,547 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Cash flows from operating activities: | ||
Net loss | $ (89,482) | $ (62,758) |
Adjustments for: | ||
Interest expense to a related party | 20,350 | |
Adjustments to reconcile net loss to net cash used in operating activities: | (89,482) | (42,408) |
Changes in operating assets and liabilities: | ||
Decrease in prepayment | 3,333 | |
Decrease in interest payable | (13,392) | |
Increase in accounts payable | 9,473 | 3,327 |
Increase in amount due to a director | 73,373 | 14,000 |
Net cash used in operating activities | (6,636) | (35,140) |
Cash flows from financing activities: | ||
Increase in amount due to the holding company | 30,000 | |
Increase in notes payable – related party | 20,000 | |
Net cash provided by financing activities | 30,000 | 20,000 |
Net increase (decrease) in cash and cash equivalents | 23,364 | (15,140) |
Cash and cash equivalents, beginning of year | 15,140 | |
Cash and cash equivalents, end of year | 23,364 | |
Supplemental disclosures of cash flow information: | ||
Interest paid | ||
Taxes paid | $ 100 | $ 100 |
Organization and Operations
Organization and Operations | 12 Months Ended |
Sep. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Operations | NOTE 1: ORGANIZATION AND OPERATIONS China Foods Holdings Ltd. (the “Company”) was incorporated in Delaware on January 10, 2019. On January 23, 2019, the Company entered into an Agreement and Plan of Merger (the “Agreement”) with Trafalgar Resources, Inc., a Utah corporation (“Trafalgar”). Pursuant to the Agreement, the Company merged with Trafalgar (the “Merger”) with the Company as the surviving entity. Prior to the Merger, Trafalgar had not commenced operations that had resulted in significant revenue and Trafalgar’s efforts had been devoted primarily to activities related to raising capital and attempting to acquire an operating entity. Prior to the Merger, Trafalgar’s majority stockholder who owned 5,000,000 shares (approximately 95.2%) of the 5,251,309 outstanding shares of Trafalgar’s common stock, par value $0.0001, signed a written consent approving the Merger and the related transactions. Such approval and consent were sufficient under Utah law and Trafalgar’s Bylaws to approve the Merger. The boards of directors and shareholders of the Company and Trafalgar approved the Merger. Pursuant to the Merger, each share of Trafalgar’s common stock was converted into one share of the Company’s common stock. After the Merger, HY (HK) Financial Investments Co., Ltd. owns 5,000,000 shares of common stock of the Company. The Merger was effective on March 13, 2019. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Accounting Basis The accompanying audited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are presented in US dollars. The Company has adopted a September 30 fiscal year end. Accounting Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates. Changes in estimates are recorded in results of operations in the period that the event or circumstances giving rise to such changes occur. Cash and cash equivalents The Company considers all highly liquid investments with the original maturities of three months or less at the time of purchase to be cash equivalents. Fair Value of Financial Instruments The Company’s financial instruments consist of bank balance, accounts payable, amount due to a director and amount due to the holding company. The carrying amount of these financial instruments approximates fair value due to length of maturity or interest rates that approximate prevailing market rates. Income Taxes The Company accounts for deferred tax assets and liabilities using enacted tax rates for the effect of temporary differences between book and tax basis of recorded assets and liabilities. A valuation allowance is required if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The determination of whether or not a valuation allowance is needed is based upon an evaluation of both positive and negative evidence. The ultimate amount of deferred tax assets realized could be different from those recorded, as influenced by potential changes in enacted tax laws and the availability of future taxable income. Related party transaction A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The Company conducts business with its related parties in the ordinary course of business. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. Net loss per common share Loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of September 30, 2019, 2018 and 2017. Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow. |
Going Concern
Going Concern | 12 Months Ended |
Sep. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | NOTE 3: GOING CONCERN The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses resulting in an accumulated deficit of $595,501 and net stockholders’ deficit of $107,441 as of September 30, 2019, and has negative cash flows from operations. Further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to seek new capital from a related party to provide needed funds for the next twelve months. These financials do not include any adjustments relating to the amounts and classifications of liabilities that might result from this uncertainty. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Sep. 30, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 4: RELATED PARTY TRANSACTIONS During the year ended September 30, 2019, the consulting fee of $12,000 paid to one of the directors, Ms. Yunsi Liu. During the year ended September 30, 2018, all the twelve notes owed to its president, as disclosed below, has been waived. An aggregated principal and interest of $350,547 were waived, while the president draw the cash $13,392. Note 1 is for $10,000 and bears interest of 4.5% per year and $10,450 in interest and principal was due on February 27, 2010. Note 2 is for $10,000 and bears interest of 4.5% per year and $10,450 in interest and principal was due on February 28, 2011. Note 3 is for $20,000 and bears interest of 4.5% per year and $20,900 in interest and principal was due on January 15, 2014. Note 1, 2 and 3 are in default resulting in a 18% default rate of interest accruing. Note 4 is for $10,000 and bears interest of 4.5% per year. Interest of $450 was due on May 7, 2011, 2012, 2013, and 2014. Interest and principal of $10,450 was due on May 7, 2015. Note 4 is in default resulting in a 14% default rate of interest accruing. Note 5 is for $20,000 and bears interest of 4.75% per year. Interest of $950 was due on February 1, 2012, 2013, and 2014. Interest and principal of $20,950 was due on February 1, 2015. Note 5 is in default resulting in a 12% default rate of interest accruing. Note 6 is for $20,000 and bears interest of 8.0% per year. Interest of $1,600 was due on February 1, 2013. Interest and principal of $21,600 was due on February 1, 2014. Note 6 is in default resulting in a 12% default rate of interest accruing. Note 7 is for $20,000 and bears interest of 8.0% per year. Interest of $1,600 was due on March 1, 2014. Interest and principal of $21,600 was due on March 1, 2015. Note 7 is in default resulting in a 12% default rate of interest accruing. Note 8 is for $20,000 and bears interest of 8.0% per year. Interest of $1,600 was due on February 3, 2015. Interest and principal of $21,600 was due on February 3, 2016. Note 8 is in default resulting in a 12% default rate of interest accruing. Note 9 is for $30,000 and bears interest of 8.0% per year. Interest of $2,400 was due on December 12, 2016. Interest and principal of $32,400 was due on December 12, 2016. Note 9 is in default resulting in a 12% default rate of interest accruing. Note 10 is for $30,000 and bears interest of 8.0% per year. Interest of $2,400 was due on January 5, 2017. Interest and principal of $32,400 was due on January 5, 2018. Note 10 is in default resulting in a 12% default rate of interest accruing. Note 11 is for $30,000 and bears interest of 8.0%. Interest of $2,400 was due on December 27, 2017. Interest and principal of $32,400 is due on December 27, 2018. Note 12 is for $20,000 and bears interest of 8.0%. Interest of $1,600 is due on March 8, 2019. Interest and principal of $21,600 is due on March 9, 2020. |
Income Taxes
Income Taxes | 12 Months Ended |
Sep. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 5 : INCOME TAXES Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards 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. Income tax periods 2017, 2018 and 2019 are open for examination by taxing authorities. The income tax expense for the years ended September 30, 2019 and 2018 differs from the amount computed using the federal statutory rates as follows: Year Ended Year Ended Income tax expense (benefit) at Federal tax rate of 21% $ (18,791 ) $ (13,179 ) State income tax - 100 Effect of rate changes on deferred tax assets and valuation allowance - 8,786 Non-deductible expenses 18,791 4,274 Valuation allowance - 119 - 100 On December 22, 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted into law including a one-time mandatory transition tax on accumulated foreign earnings and a reduction of the corporate income tax rate to 21% effective on January 1, 2018, among others. We are required to recognize the effect of the tax law changes in the period of enactment, such as determining the transition tax, remeasuring our U.S. deferred tax assets and liabilities as well as reassessing the net realizability of our deferred tax assets and liabilities. The Company does not have any foreign earnings and therefore, we do not anticipate the impact of a transition tax. We have remeasured our U.S. deferred tax assets at a statutory income tax rate of 21%. Since the Tax Act was passed late in the fourth quarter of 2017, and ongoing guidance and accounting interpretation are expected over the next 12 months, we consider the accounting of any transition tax, deferred tax re-measurements, and other items to be incomplete due to the forthcoming guidance and our ongoing analysis of final year-end data and tax positions. We expect to complete our analysis within the measurement period in accordance with SAB 118. At September 30, 2019 the Company had a net operating loss carry forward. These losses will start to expire in the year 2019 through 2038. No tax benefit has been reported in the financial statements because the Company believes that it is more likely than not that the carryforwards will expire unused. The utilization of future losses may be limited under various provisions of the Internal Revenue Code pertaining to continuity of business operations limits and substantial changes in ownership. Accordingly, the potential tax benefits of the loss carryforwards are offset by a valuation allowance of the same amount. The Company has no tax positions at September 30, 2019 and 2018 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. |
Amount Due to a Director _ The
Amount Due to a Director / The Holding Company | 12 Months Ended |
Sep. 30, 2019 | |
Related Party Transactions [Abstract] | |
Amount Due to a Director / The Holding Company | NOTE 6: AMOUNT DUE TO A DIRECTOR / THE HOLDING COMPANY At September 30 2019 2018 $ $ Amount due to a director Mr. Kong Xiao Jun 87,473 14,000 Amount due to the holding company HY (HK) Financial Investments Co., Ltd. 30,000 - |
Share Capital
Share Capital | 12 Months Ended |
Sep. 30, 2019 | |
Equity [Abstract] | |
Share Capital | NOTE 7: SHARE CAPITAL The Company issued 1,000 shares of the Company’s common stock, par value $0.0001 per share on January 15, 2019. On January 23, 2019, Trafalgar entered into an Agreement with the Company, pursuant to which Trafalgar merged into the Company. Trafalgar’s majority stockholder who owned 5,000,000 shares (approximately 95.2%) of Trafalgar’s 5,251,309 outstanding shares of common stock, , as of the close of business on January 23, 2019, signed a written consent approving the Merger and the related transactions. The Merger was effective on March 13, 2019. At the effective time of the Merger, each share of common stock was converted into one share of the Company’s common stock. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Sep. 30, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 8: SUBSEQUENT EVENTS On December 11, 2019, the board of directors of the Company approved a change to its end of fiscal year from September 30 to December 31. The change in fiscal year will become effective for the Company’s 2020 fiscal year, which will begin January 1, 2020 and end December 31, 2020. The Company plans to file a transition report on Form 10-KT for the three-month period from October 1, 2019 through December 31, 2019 within the time period prescribed by the Securities and Exchange Commission. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Accounting Basis | Basis of Presentation and Accounting Basis The accompanying audited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are presented in US dollars. The Company has adopted a September 30 fiscal year end. |
Accounting Estimates | Accounting Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates. Changes in estimates are recorded in results of operations in the period that the event or circumstances giving rise to such changes occur. |
Cash and Cash Equivalents | Cash and cash equivalents The Company considers all highly liquid investments with the original maturities of three months or less at the time of purchase to be cash equivalents. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial instruments consist of bank balance, accounts payable, amount due to a director and amount due to the holding company. The carrying amount of these financial instruments approximates fair value due to length of maturity or interest rates that approximate prevailing market rates. |
Income Taxes | Income Taxes The Company accounts for deferred tax assets and liabilities using enacted tax rates for the effect of temporary differences between book and tax basis of recorded assets and liabilities. A valuation allowance is required if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The determination of whether or not a valuation allowance is needed is based upon an evaluation of both positive and negative evidence. The ultimate amount of deferred tax assets realized could be different from those recorded, as influenced by potential changes in enacted tax laws and the availability of future taxable income. |
Related Party Transaction | Related party transaction A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The Company conducts business with its related parties in the ordinary course of business. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. |
Net Loss Per Common Share | Net loss per common share Loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of September 30, 2019, 2018 and 2017. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Sep. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) | The income tax expense for the years ended September 30, 2019 and 2018 differs from the amount computed using the federal statutory rates as follows: Year Ended Year Ended Income tax expense (benefit) at Federal tax rate of 21% $ (18,791 ) $ (13,179 ) State income tax - 100 Effect of rate changes on deferred tax assets and valuation allowance - 8,786 Non-deductible expenses 18,791 4,274 Valuation allowance - 119 - 100 |
Amount Due to a Director _ Th_2
Amount Due to a Director / The Holding Company (Tables) | 12 Months Ended |
Sep. 30, 2019 | |
Related Party Transactions [Abstract] | |
Schedule of Due to Related Party Transactions | At September 30 2019 2018 $ $ Amount due to a director Mr. Kong Xiao Jun 87,473 14,000 Amount due to the holding company HY (HK) Financial Investments Co., Ltd. 30,000 - |
Organization and Operations (De
Organization and Operations (Details Narrative) - $ / shares | Jan. 23, 2019 | Sep. 30, 2019 | Jan. 15, 2019 | Sep. 30, 2018 |
Common stock, shares outstanding | 5,252,309 | 5,251,309 | ||
Common stock, par value | $ 0.0001 | $ 0.0001 | ||
HY (HK) Financial Investments Co., Ltd [Member] | ||||
Conversion of common stock description | Each share of Trafalgar's common stock was converted into one share of the Company's common stock. | |||
Number of shares owned for common stock | 5,000,000 | |||
Agreement [Member] | Trafalgar Resources, Inc., [Member] | ||||
Number of shares owned majority shareholder | 5,000,000 | |||
Ownership percentage | 95.20% | |||
Common stock, shares outstanding | 5,251,309 | |||
Common stock, par value | $ 0.0001 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details Narrative) - shares | 12 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2017 | |
Accounting Policies [Abstract] | |||
Related party transactions description | Generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. | ||
Common stock equivalents outstanding in earnings per share, amount |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2017 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Accumulated deficit | $ (595,501) | $ (506,019) | |
Stockholders deficit, net | $ (107,441) | $ (18,059) | $ (305,848) |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | Mar. 09, 2020 | Mar. 08, 2019 | Dec. 27, 2018 | Jan. 05, 2018 | Dec. 27, 2017 | Jan. 05, 2017 | Dec. 12, 2016 | Feb. 03, 2016 | May 07, 2015 | Mar. 01, 2015 | Feb. 03, 2015 | Feb. 01, 2015 | May 07, 2014 | Mar. 01, 2014 | Feb. 01, 2014 | Jan. 15, 2014 | May 07, 2013 | Feb. 01, 2013 | May 07, 2012 | Feb. 01, 2012 | May 07, 2011 | Feb. 28, 2011 | Feb. 27, 2010 | Sep. 30, 2019 | Sep. 30, 2018 |
Aggregated principal and interest | $ 350,547 | ||||||||||||||||||||||||
Draw the cash amount | 13,392 | ||||||||||||||||||||||||
President [Member] | Note 1 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 10,450 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 10,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 4.50% | ||||||||||||||||||||||||
Default rate of interest accruing percentage | 18.00% | ||||||||||||||||||||||||
President [Member] | Note 2 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 10,450 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 10,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 4.50% | ||||||||||||||||||||||||
Default rate of interest accruing percentage | 18.00% | ||||||||||||||||||||||||
President [Member] | Note 3 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 20,900 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 20,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 4.50% | ||||||||||||||||||||||||
Default rate of interest accruing percentage | 18.00% | ||||||||||||||||||||||||
President [Member] | Note 4 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 10,450 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 10,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 4.50% | ||||||||||||||||||||||||
Interest expense | $ 450 | $ 450 | $ 450 | $ 450 | |||||||||||||||||||||
Default rate of interest accruing percentage | 14.00% | ||||||||||||||||||||||||
President [Member] | Note 5 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 20,950 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 20,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 4.75% | ||||||||||||||||||||||||
Interest expense | $ 950 | $ 950 | $ 950 | ||||||||||||||||||||||
Default rate of interest accruing percentage | 12.00% | ||||||||||||||||||||||||
President [Member] | Note 6 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 21,600 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 20,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 8.00% | ||||||||||||||||||||||||
Interest expense | $ 1,600 | ||||||||||||||||||||||||
Default rate of interest accruing percentage | 12.00% | ||||||||||||||||||||||||
President [Member] | Note 7 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 21,600 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 20,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 8.00% | ||||||||||||||||||||||||
Interest expense | $ 1,600 | ||||||||||||||||||||||||
Default rate of interest accruing percentage | 12.00% | ||||||||||||||||||||||||
President [Member] | Note 8 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 21,600 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 20,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 8.00% | ||||||||||||||||||||||||
Interest expense | $ 1,600 | ||||||||||||||||||||||||
Default rate of interest accruing percentage | 12.00% | ||||||||||||||||||||||||
President [Member] | Note 9 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 32,400 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 30,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 8.00% | ||||||||||||||||||||||||
Interest expense | $ 2,400 | ||||||||||||||||||||||||
Default rate of interest accruing percentage | 12.00% | ||||||||||||||||||||||||
President [Member] | Note 10 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 32,400 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 30,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 8.00% | ||||||||||||||||||||||||
Interest expense | $ 2,400 | ||||||||||||||||||||||||
Default rate of interest accruing percentage | 12.00% | ||||||||||||||||||||||||
President [Member] | Note 11 [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 32,400 | ||||||||||||||||||||||||
Debt instrument, face amount | $ 30,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 8.00% | ||||||||||||||||||||||||
Interest expense | $ 2,400 | ||||||||||||||||||||||||
President [Member] | Note 12 [Member] | |||||||||||||||||||||||||
Debt instrument, face amount | $ 20,000 | ||||||||||||||||||||||||
Debt instrument, interest rate | 8.00% | ||||||||||||||||||||||||
Interest expense | $ 1,600 | ||||||||||||||||||||||||
President [Member] | Note 12 [Member] | Forecast [Member] | |||||||||||||||||||||||||
Aggregated principal and interest | $ 21,600 | ||||||||||||||||||||||||
Ms. Yunsi Liu [Member] | |||||||||||||||||||||||||
Consulting fee paid to director | $ 12,000 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | Jan. 01, 2018 | Dec. 22, 2017 | Sep. 30, 2019 | Sep. 30, 2018 |
Income Tax Disclosure [Abstract] | ||||
Corporate income tax rate percentage | 21.00% | 21.00% | 21.00% | |
Income tax description | The Company does not have any foreign earnings and therefore, we do not anticipate the impact of a transition tax. We have remeasured our U.S. deferred tax assets at a statutory income tax rate of 21%. Since the Tax Act was passed late in the fourth quarter of 2017, and ongoing guidance and accounting interpretation are expected over the next 12 months, we consider the accounting of any transition tax, deferred tax re-measurements, and other items to be incomplete due to the forthcoming guidance and our ongoing analysis of final year-end data and tax positions. | |||
Income tax expired date | Expire in the year 2019 through 2038 |
Income Taxes - Schedule of Comp
Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) | 12 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | ||
Income tax expense (benefit) at Federal tax rate of 21% | $ (18,791) | $ (13,179) |
State income tax | 100 | |
Effect of rate changes on deferred tax assets and valuation allowance | 8,786 | |
Non-deductible expenses | 18,791 | 4,274 |
Valuation allowance | 119 | |
Income tax expense | $ 100 |
Income Taxes - Schedule of Co_2
Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) (Parenthetical) | Jan. 01, 2018 | Sep. 30, 2019 | Sep. 30, 2018 |
Income Tax Disclosure [Abstract] | |||
Federal tax rate percentage | 21.00% | 21.00% | 21.00% |
Amount Due to a Director _ Th_3
Amount Due to a Director / The Holding Company - Schedule of Due to Related Party Transactions (Details) - USD ($) | Sep. 30, 2019 | Sep. 30, 2018 |
Due to related party | $ 87,473 | $ 14,000 |
Mr. Kong Xiao Jun [Member] | ||
Due to related party | 87,473 | 14,000 |
HY (HK) Financial Investments Co., Ltd [Member] | ||
Due to related party | $ 30,000 |
Share Capital (Details Narrativ
Share Capital (Details Narrative) - $ / shares | Jan. 23, 2019 | Jan. 15, 2019 | Sep. 30, 2019 | Sep. 30, 2018 |
Number of shares issued for common stock | 1,000 | |||
Common stock , par value | $ 0.0001 | $ 0.0001 | ||
Common stock, shares outstanding | 5,252,309 | 5,251,309 | ||
Agreement [Member] | Trafalgar Resources, Inc., [Member] | ||||
Common stock , par value | $ 0.0001 | |||
Number of shares owned majority shareholder | 5,000,000 | |||
Ownership percentage | 95.20% | |||
Common stock, shares outstanding | 5,251,309 |