| Cover - shares | 9 Months Ended | |
| Mar. 31, 2021 | May 13, 2021 | |
| Cover [Abstract] | ||
| Entity Registrant Name | Lake Forest Minerals Inc. | |
| Entity Central Index Key | 0001441082 | |
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --06-30 | |
| Entity Small Business | true | |
| Entity Shell Company | true | |
| Entity Emerging Growth Company | true | |
| Entity Current Reporting Status | Yes | |
| Document Period End Date | Mar. 31, 2021 | |
| Entity Filer Category | Non-accelerated Filer | |
| Document Fiscal Period Focus | Q3 | |
| Document Fiscal Year Focus | 2021 | |
| Entity Ex Transition Period | false | |
| Entity Common Stock Shares Outstanding | 11,000,000 | |
| Document Quarterly Report | true | |
| Document Transition Report | false | |
| Entity Interactive Data Current | Yes |
| Condensed Balance Sheets - USD ($) | Mar. 31, 2021 | Jun. 30, 2020 |
| Current Assets | ||
| Cash | $ 0 | $ 1,347 |
| Total Current Assets | 0 | 1,347 |
| Total Assets | 0 | 1,347 |
| Current Liabilities | ||
| Accounts payable | 7,595 | 13,320 |
| Due to related party | 173,616 | 157,405 |
| Total Current Liabilities | 181,211 | 170,725 |
| Stockholders' Deficit | ||
| Preferred Shares 10,000,000 authorized, par value $0.001 nil issued and outstanding as of March 31, 2021 and June 30, 2020 | 0 | 0 |
| Common Shares 75,000,000 authorized shares, par value $0.001 11,000,000 shares issued and outstanding as of March 31, 2021 and June 30, 2020 | 11,000 | 11,000 |
| Additional Paid-in-Capital | 31,000 | 31,000 |
| Accumulated Deficit | (223,211) | (211,378) |
| Total Stockholders' Deficit | (181,211) | (169,378) |
| Total Liabilities and Stockholders' Deficit | $ 0 | $ 1,347 |
| Condensed Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2021 | Jun. 30, 2020 |
| Condensed Balance Sheets | ||
| Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
| Preferred stock, par value | $ 0.001 | $ 0.001 |
| Preferred stock, shares issued | 0 | 0 |
| Preferred stock, shares outstanding | 0 | 0 |
| Common stock, shares authorized | 75,000,000 | 75,000,000 |
| Common stock, par value | $ 0.001 | $ 0.001 |
| Common stock, shares issued | 11,000,000 | 11,000,000 |
| Common stock, shares outstanding | 11,000,000 | 11,000,000 |
| Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
| Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | |
| Operating Expenses | ||||
| General and Administrative | $ 1,460 | $ 1,736 | $ 4,655 | $ 6,899 |
| Professional Fees | 2,350 | 2,350 | 7,178 | 8,273 |
| Total Expenses | 3,810 | 4,086 | 11,833 | 15,172 |
| Loss from Operations before income taxes | (3,810) | (4,086) | (11,833) | (15,172) |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| Net Loss | $ (3,810) | $ (4,086) | $ (11,833) | $ (15,172) |
| Basic and Diluted Loss Per Common Share | $ 0 | $ 0 | $ 0 | $ 0 |
| Weighted Average number of Common Shares used in per share calculations | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 |
| Condensed Statements of Stockholders Deficit (Unaudited) - USD ($) | Total | Common Shares | Paid-in Capital | Accumulated Deficit |
| Balance, shares at Jun. 30, 2019 | 11,000,000 | |||
| Balance, amount at Jun. 30, 2019 | $ (142,867) | $ 11,000 | $ 31,000 | $ (184,867) |
| Net Loss for the Period | (5,921) | $ 0 | 0 | (5,921) |
| Balance, shares at Sep. 30, 2019 | 11,000,000 | |||
| Balance, amount at Sep. 30, 2019 | (148,788) | $ 11,000 | 31,000 | (190,788) |
| Balance, shares at Jun. 30, 2019 | 11,000,000 | |||
| Balance, amount at Jun. 30, 2019 | (142,867) | $ 11,000 | 31,000 | (184,867) |
| Net Loss for the Period | (15,172) | |||
| Balance, shares at Mar. 31, 2020 | 11,000,000 | |||
| Balance, amount at Mar. 31, 2020 | (158,039) | $ 11,000 | 31,000 | (200,039) |
| Balance, shares at Sep. 30, 2019 | 11,000,000 | |||
| Balance, amount at Sep. 30, 2019 | (148,788) | $ 11,000 | 31,000 | (190,788) |
| Net Loss for the Period | (5,165) | $ 0 | 0 | (5,165) |
| Balance, shares at Dec. 31, 2019 | 11,000,000 | |||
| Balance, amount at Dec. 31, 2019 | (153,953) | $ 11,000 | 31,000 | (195,953) |
| Net Loss for the Period | (4,086) | $ 0 | 0 | (4,086) |
| Balance, shares at Mar. 31, 2020 | 11,000,000 | |||
| Balance, amount at Mar. 31, 2020 | (158,039) | $ 11,000 | 31,000 | (200,039) |
| Balance, shares at Jun. 30, 2020 | 11,000,000 | |||
| Balance, amount at Jun. 30, 2020 | (169,378) | $ 11,000 | 31,000 | (211,378) |
| Net Loss for the Period | (4,990) | $ 0 | 0 | (4,990) |
| Balance, shares at Sep. 30, 2020 | 11,000,000 | |||
| Balance, amount at Sep. 30, 2020 | (174,368) | $ 11,000 | 31,000 | (216,368) |
| Balance, shares at Jun. 30, 2020 | 11,000,000 | |||
| Balance, amount at Jun. 30, 2020 | (169,378) | $ 11,000 | 31,000 | (211,378) |
| Net Loss for the Period | (11,833) | |||
| Balance, shares at Mar. 31, 2021 | 11,000,000 | |||
| Balance, amount at Mar. 31, 2021 | (181,211) | $ 11,000 | 31,000 | (223,211) |
| Balance, shares at Sep. 30, 2020 | 11,000,000 | |||
| Balance, amount at Sep. 30, 2020 | (174,368) | $ 11,000 | 31,000 | (216,368) |
| Net Loss for the Period | (3,033) | $ 0 | 0 | (3,033) |
| Balance, shares at Dec. 31, 2020 | 11,000,000 | |||
| Balance, amount at Dec. 31, 2020 | (177,401) | $ 11,000 | 31,000 | (219,401) |
| Net Loss for the Period | (3,810) | $ 0 | 0 | (3,810) |
| Balance, shares at Mar. 31, 2021 | 11,000,000 | |||
| Balance, amount at Mar. 31, 2021 | $ (181,211) | $ 11,000 | $ 31,000 | $ (223,211) |
| Condensed Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
| Mar. 31, 2021 | Mar. 31, 2020 | |
| Cash Flows from Operating Activities: | ||
| Net Loss | $ (11,833) | $ (15,172) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Prepaid expenses | 0 | 80 |
| Accounts payable | (5,725) | (554) |
| Net Cash Used in Operating Activities | (17,558) | (15,646) |
| Cash Flows from Financing Activities: | ||
| Bank overdraft | 0 | (722) |
| Due to related party | 16,211 | 17,925 |
| Net Cash Provided by Financing Activities | 16,211 | 17,203 |
| Net (Decrease) Increase in Cash | (1,347) | 1,557 |
| Cash Balance, Beginning of Period | 1,347 | 0 |
| Cash Balance, End of Period | 0 | 1,557 |
| Interest Paid | 0 | 0 |
| Taxes Paid | $ 0 | $ 0 |
| DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
| Mar. 31, 2021 | |
| DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
| NOTE 1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | DESCRIPTION OF BUSINESS AND HISTORY - Lake Forest Minerals Inc., a Nevada corporation, (hereinafter referred to as the “Company” or “Lake Forest Minerals”) was incorporated in the State of Nevada on June 23, 2008. The Company was formed to engage in the acquisition, exploration and development of natural resource properties of merit. On January 31, 2021, Astutia Venture Capital AG acquired 8,000,000 of the issued and outstanding common shares of the “Company in a private transaction. As a result of the transaction, Astutia Venture Capital AG holds 72.7% of our outstanding voting securities. On January 31, 2021, Jeffery Taylor resigned as the President, Chief Executive Officer, Chief Financial Officer, Treasurer and director of the Company. Having consented to act as sole officer and director of the Company and Larson Elmore was appointed to fill the ensuing vacancies. The Company’s operations have been limited to general administrative operations, initial property staking and investigation. BASIS OF PRESENTATION - The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in the consolidated financial statements for the three and nine months ended March 31, 2021 should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Form 10-K for the Company’s fiscal year ended June 30, 2020 as filed with the SEC on September 8, 2020. The consolidated balance sheet as of June 30, 2020, included herein was derived from the audited financial statements as of that date, but does not include all disclosures including notes required by GAAP. The accompanying unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the year ending June 30, 2021. YEAR END - The Company’s fiscal year end is June 30. USE OF ESTIMATES - The preparation of the financial statements in conformity with generally accepted accounting principles in the United States of America 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 financial statements and the reported amount of revenue and expenses during the reporting period. Actual results could differ from those estimates. INCOME TAXES - The Company provides for income taxes under ASC 740, Accounting for Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company has net operating loss carryover to be used for reducing future year’s taxable income. The Company has recorded a valuation allowance for the full potential tax benefit of the operating loss carryovers due to the uncertainty regarding realization. REVENUE RECOGNITION - The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost. NET LOSS PER COMMON SHARE - The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. During periods of net loss, all common stock equivalents are excluded from the diluted EPS calculation because they are antidilutive. CASH AND CASH EQUIVALENTS – For purposes of Statements of Cash Flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. STOCK-BASED COMPENSATION - The Company follows ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized he Company has not adopted a stock option plan and has not granted any stock options. Accordingly, no stock-based compensation has been recorded to date. RECENT ACCOUNTING PRONOUNCEMENTS – During the nine months ended March 31, 2021, the FASB (Financial Accounting Standards Board) issued various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. Management has determined that these recent accounting pronouncements will have no impact on the financial statements of Lake Forest Minerals Inc. |
| GOING CONCERN | 9 Months Ended |
| Mar. 31, 2021 | |
| GOING CONCERN | |
| NOTE 2. GOING CONCERN | The Company has incurred net losses of approximately $223,221 for the period from June 23, 2008 (Date of Inception) through March 31, 2021 and has commenced limited operations, raising substantial doubt about the Company’s ability to continue as a going concern within one year of the issuance date of this filing. Management’s plans include seeking additional sources of capital through the issuance of debt or equity financing, but there can be no assurance the Company will be successful in accomplishing its objectives. The ability of the Company to continue as a going concern is dependent on additional sources of capital and the success of the Company’s plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. COVID-19 Pandemic In December 2019, an outbreak of a novel strain of coronavirus originated in Wuhan, China (“COVID-19”) and has since spread worldwide, including to the Unites States, posing public health risks that have reached pandemic proportions (the“COVID-19 Pandemic”). Like most businesses world-wide, the COVID-19 Pandemic has impacted the Company; however, management cannot presently predict the scope and severity with which COVID-19 will impact our business, financial condition, results of operations and cash flows. |
| RELATED PARTY TRANSACTIONS | 9 Months Ended |
| Mar. 31, 2021 | |
| RELATED PARTY TRANSACTIONS | |
| NOTE 3. RELATED PARTY TRANSACTIONS | As of March 31, 2021, the Company has received $173,616 (June 30, 2020 – $157,405) in advances from its previous CEO and majority shareholder of which $16,211 and $17,925 were advanced during the nine months ended March 31, 2021 and 2020, respectively. The amounts owing are unsecured, non-interest bearing, and due on demand. |
| STOCKHOLDER'S DEFICIT | 9 Months Ended |
| Mar. 31, 2021 | |
| STOCKHOLDER'S DEFICIT | |
| NOTE 4. STOCKHOLDER'S DEFICIT | The Company has 75,000,000 common shares and 10,000,000 preferred shares authorized with a par value of $0.001 per share. The Company has 11,000,000 common shares and 0 preferred shares issued and outstanding as of March 31, 2021 and June 30, 2020, respectively. |
| SUBSEQUENT EVENTS | 9 Months Ended |
| Mar. 31, 2021 | |
| SUBSEQUENT EVENTS | |
| NOTE 5. SUBSEQUENT EVENTS | The Company’s management has reviewed all material subsequent events through the date these financial statements were issued in accordance with ASC 855-10, and has determined that there are no material subsequent events to report. |
| DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
| Mar. 31, 2021 | |
| DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | |
| DESCRIPTION OF BUSINESS AND HISTORY | Lake Forest Minerals Inc., a Nevada corporation, (hereinafter referred to as the “Company” or “Lake Forest Minerals”) was incorporated in the State of Nevada on June 23, 2008. The Company was formed to engage in the acquisition, exploration and development of natural resource properties of merit. On January 31, 2021, Astutia Venture Capital AG acquired 8,000,000 of the issued and outstanding common shares of the “Company in a private transaction. As a result of the transaction, Astutia Venture Capital AG holds 72.7% of our outstanding voting securities. On January 31, 2021, Jeffery Taylor resigned as the President, Chief Executive Officer, Chief Financial Officer, Treasurer and director of the Company. Having consented to act as sole officer and director of the Company and Larson Elmore was appointed to fill the ensuing vacancies. The Company’s operations have been limited to general administrative operations, initial property staking and investigation. |
| BASIS OF PRESENTATION | The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in the consolidated financial statements for the three and nine months ended March 31, 2021 should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Form 10-K for the Company’s fiscal year ended June 30, 2020 as filed with the SEC on September 8, 2020. The consolidated balance sheet as of June 30, 2020, included herein was derived from the audited financial statements as of that date, but does not include all disclosures including notes required by GAAP. The accompanying unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the year ending June 30, 2021. YEAR END - The Company’s fiscal year end is June 30. |
| USE OF ESTIMATES | The preparation of the financial statements in conformity with generally accepted accounting principles in the United States of America 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 financial statements and the reported amount of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
| INCOME TAXES | The Company provides for income taxes under ASC 740, Accounting for Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company has net operating loss carryover to be used for reducing future year’s taxable income. The Company has recorded a valuation allowance for the full potential tax benefit of the operating loss carryovers due to the uncertainty regarding realization. |
| REVENUE RECOGNITION | The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost. |
| NET LOSS PER COMMON SHARE | The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. During periods of net loss, all common stock equivalents are excluded from the diluted EPS calculation because they are antidilutive. |
| CASH AND CASH EQUIVALENTS | For purposes of Statements of Cash Flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. |
| STOCK-BASED COMPENSATION | The Company follows ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized he Company has not adopted a stock option plan and has not granted any stock options. Accordingly, no stock-based compensation has been recorded to date. |
| RECENT ACCOUNTING PRONOUNCEMENTS | During the nine months ended March 31, 2021, the FASB (Financial Accounting Standards Board) issued various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. Management has determined that these recent accounting pronouncements will have no impact on the financial statements of Lake Forest Minerals Inc. |
| DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - Astutia Venture Capital AG [Member] | 1 Months Ended |
| Jan. 31, 2021shares | |
| Voting Right percentage | 72.70% |
| Common stock, shares issued and outstanding Acquistions | 8,000,000 |
| GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 153 Months Ended | ||||||
| Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2021 | |
| Net Loss | $ (3,810) | $ (3,033) | $ (4,990) | $ (4,086) | $ (5,165) | $ (5,921) | $ (11,833) | $ (15,172) | |
| Going Concern [Member] | |||||||||
| Net Loss | $ (223,221) | ||||||||
| RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 9 Months Ended | ||
| Mar. 31, 2021 | Mar. 31, 2020 | Jun. 30, 2020 | |
| RELATED PARTY TRANSACTIONS | |||
| Advance from related parties | $ 173,616 | $ 157,405 | |
| Due to related party | $ 16,211 | $ 17,925 | |
| STOCKHOLDER DEFICIT (Details Narrative) - $ / shares | Mar. 31, 2021 | Jun. 30, 2020 |
| STOCKHOLDERS' DEFICIT | ||
| Preferred stock, par value | $ 0.001 | $ 0.001 |
| Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
| Preferred stock, shares issued | 0 | 0 |
| Preferred stock, shares outstanding | 0 | 0 |
| Common stock, par value | $ 0.001 | $ 0.001 |
| Common stock, shares authorized | 75,000,000 | 75,000,000 |
| Common stock, shares issued | 11,000,000 | 11,000,000 |
| Common stock, shares outstanding | 11,000,000 | 11,000,000 |
