Ultimate Products (ULPC) 10-Q 16 Nov 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Nov. 14, 2015
Document and Entity Information:
Entity Registrant Name	Ultimate Products CORP
Entity Trading Symbol	ulpc
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Entity Central Index Key	1,438,095
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		5,245,535
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2015	Mar. 31, 2015
ASSETS
Total current assets	$ 0	$ 0
Trademarks	723	723
Total assets	723	723
Current liabilities
Accounts payable and accrued liabilities	800	1,800
Related party payable	64,944	61,474
Total current liabilities	65,744	63,274
Stockholders' deficit
Preferred stock, $.001 par value; 5,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $.001 par value; 70,000,000 shares authorized; 5,245,535 issued and outstanding	5,245	5,245
Additional paid-in capital	17,323	17,323
Deficit accumulated during the development stage.	(87,589)	(85,119)
Total stockholders' deficit	(62,021)	(62,551)
Total liabilities and stockholders' deficit	$ 723	$ 723

Balance Sheets Parathenticals

Balance Sheets Parathenticals - $ / shares	Sep. 30, 2015	Mar. 31, 2015
Parentheticals
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	70,000,000	70,000,000
Common Stock, shares issued	5,245,535	5,245,535
Common Stock, shares outstanding	5,245,535	5,245,535

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES
Revenue	$ 0	$ 0	$ 0	$ 0
Expenses
Professional fees	2,270	1,200	2,470	3,900
Other general & administrative	0	0	0	2
Total expenses	2,270	1,200	2,470	3,902
Net loss	$ (2,270)	$ (1,200)	$ (2,470)	$ (3,902)
Net loss per weighted share, basic and fully diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding	5,245,535	5,245,535	5,245,535	5,245,535

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net loss	$ (2,470)	$ (3,902)
Changes in operating asset liability:
Prepaid expenses	0	400
Accounts payable and accrued liabilities	(1,000)	(800)
Net cash used in operating activities	(3,470)	(4,302)
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from related party payable	3,470	4,300
Net cash provided by financing activities	3,470	4,300
Net decrease in cash	0	(2)
Cash at beginning of period	0	2
Cash at end of period	0	0
Supplemental Cash Flow Information:
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS	6 Months Ended
	Sep. 30, 2015
CONDENSED FINANCIAL STATEMENTS:
CONDENSED FINANCIAL STATEMENTS	NOTE 1 - CONDENSED FINANCIAL STATEMENTS The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) as of September 30, 2015 and for all periods presented have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's March 31, 2015 audited financial statements as reported in Form 10K. The results of operations for the periods ended September 30, 2015 are not necessarily indicative of the operating results for the full year ended March 31, 2016.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Sep. 30, 2015
GOING CONCERN:
GOING CONCERN	NOTE 2 - GOING CONCERN The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plans to obtain such resources for the Company include (1) obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses, and (2) as a last resort, seeking out and completing a merger with an existing operating company. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Sep. 30, 2015
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 3 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date of this filing and determined there are no events to disclose.