Document and Entity Information
Document and Entity Information - $ / shares | Aug. 14, 2017 | Jun. 30, 2017 |
Details | ||
Registrant Name | Ultimate Products CORP | |
Registrant CIK | 1,438,095 | |
SEC Form | 10-Q | |
Period End date | Jun. 30, 2017 | |
Fiscal Year End | --03-31 | |
Trading Symbol | ulpc | |
Tax Identification Number (TIN) | 770,713,267 | |
Number of common stock shares outstanding | 5,245,535 | |
Filer Category | Smaller Reporting Company | |
Current with reporting | Yes | |
Voluntary filer | No | |
Well-known Seasoned Issuer | No | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Entity Incorporation, State Country Name | Nevada | |
Entity Address, Address Line One | 118 Del Oro Lagoon | |
Entity Address, City or Town | Novato | |
Entity Address, State or Province | California | |
Entity Address, Postal Zip Code | 94,949 | |
City Area Code | (415) | |
Local Phone Number | 328-7207 | |
Entity Listing, Par Value Per Share | $ 0.001 |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2017 | Mar. 31, 2017 |
ASSETS | ||
Total current assets | $ 0 | $ 0 |
Trademarks | 723 | 723 |
Total assets | 723 | 723 |
Current liabilities | ||
Accounts payable and accrued liabilities | 7,700 | 4,900 |
Related party payable | 75,964 | 74,914 |
Total current liabilities | 83,664 | 79,814 |
Stockholders' deficit | ||
Preferred stock, $.001 par value; 5,000,000 shares authorized, no shares issued or outstanding | 0 | 0 |
Common stock, Value | 5,245 | 5,245 |
Additional paid-in capital | 17,323 | 17,323 |
Deficit accumulated during the development stage | (105,509) | (101,659) |
Total stockholders' deficit | (82,941) | (79,091) |
Total liabilities and stockholders' deficit | $ 723 | $ 723 |
Balance Sheets - Parenthetical
Balance Sheets - Parenthetical | Mar. 31, 2017$ / sharesshares |
Details | |
Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 |
Preferred Stock, Shares Authorized | 5,000,000 |
Preferred Stock, Shares Outstanding | 0 |
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 |
Common Stock, Shares Authorized | 70,000,000 |
Common Stock, Shares, Outstanding | 5,245,535 |
Statement of Operations (Unaudi
Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Details | ||
Revenue | $ 0 | $ 0 |
Expenses | ||
General and administrative | 235 | 0 |
Professional fees | 3,615 | 2,700 |
Total expenses | 3,850 | 2,700 |
Net loss | $ (3,850) | $ (2,700) |
Basic and diluted net loss per common share | $ 0 | $ 0 |
Basic and diluted weighted-average common shares outstanding | 5,245,535 | 5,245,535 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash flows from operating activities | ||
Net loss | $ (3,850) | $ (2,700) |
Changes in operating liabilities: | ||
Accounts payable and accrued liabilities | 2,800 | 2,700 |
Net cash used in operating activities | (1,050) | 0 |
Cash flows from investing activities | 0 | 0 |
Cash flows from financing activities | ||
Proceeds from related party payables | 1,050 | 0 |
Net cash provided by financing activities | 1,050 | 0 |
Net decrease in cash | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 0 | 0 |
Supplemental Cash Flow Information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | $ 0 | $ 0 |
Note 1 - Condensed Financial St
Note 1 - Condensed Financial Statements | 3 Months Ended |
Jun. 30, 2017 | |
Notes | |
Note 1 - 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 June 30, 2017 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, 2017 audited financial statements as reported in Form 10-K. The results of operations for the period ended June 30, 2017 are not necessarily indicative of the operating results for the full year ended March 31, 2018. |
Note 2 - Going Concern
Note 2 - Going Concern | 3 Months Ended |
Jun. 30, 2017 | |
Notes | |
Note 2 - 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 which raises substantial doubt about its ability 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. |
Note 3 - Related Party Transact
Note 3 - Related Party Transactions | 3 Months Ended |
Jun. 30, 2017 | |
Notes | |
Note 3 - Related Party Transactions | NOTE 3 RELATED PARTY TRANSACTIONS The Company received advances from related parties totaling $1,050 and $0 during the three months ended June 30, 2017 and 2016, respectively. The advances are non-interest bearing and due on demand. There was $75,964 and $74,914 due to related parties as of June 30, 2017 and March 31, 2017. |
Note 4 - Subsequent Events
Note 4 - Subsequent Events | 3 Months Ended |
Jun. 30, 2017 | |
Notes | |
Note 4 - Subsequent Events | NOTE 4 SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date of this filing and determined there are no events to disclose. |
Note 3 - Related Party Transa10
Note 3 - Related Party Transactions (Details) - USD ($) | Jun. 30, 2017 | Mar. 31, 2017 |
Details | ||
Related party payable | $ 75,964 | $ 74,914 |