Cover
Cover - USD ($) | 12 Months Ended | ||
Apr. 30, 2021 | Dec. 06, 2021 | Oct. 31, 2020 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Apr. 30, 2021 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2021 | ||
Current Fiscal Year End Date | --04-30 | ||
Entity Registrant Name | Kashin, Inc. | ||
Entity Central Index Key | 0001467845 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | true | ||
Entity Public Float | $ 149,995 | ||
Entity Common Stock, Shares Outstanding | 28,560,745 |
Balance Sheets
Balance Sheets - USD ($) | Apr. 30, 2021 | Apr. 30, 2020 |
CURRENT ASSETS | ||
Cash | $ 0 | $ 0 |
TOTAL CURRENT ASSETS | 0 | 0 |
Total Assets | 0 | 0 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 11,493 | 10,065 |
Accounts payable - related party | 0 | 0 |
Notes Payable | 0 | 100,000 |
TOTAL CURRENT LIABILITIES | 11,493 | 110,065 |
Total liabilities | 11,493 | 110,065 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Capital stock: Authorized 75,000,000 shares of common stock, $0.001 par value, issued and outstanding | 28,561 | 28,561 |
Additional paid-in capital | 494,019 | 494,019 |
Accumulated deficit | (534,073) | (632,645) |
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) | (11,493) | (110,065) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) | $ 0 | $ 0 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Apr. 30, 2021 | Apr. 30, 2020 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 28,560,745 | 28,560,745 |
Common stock, shares outstanding | 28,560,745 | 28,560,745 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Apr. 30, 2021 | Apr. 30, 2020 | |
Income Statement [Abstract] | ||
Revenues | $ 0 | $ 0 |
Office and general | 0 | 0 |
Professional fees | 1,428 | 1,428 |
Total Expenses, before provision of income taxes | 1,428 | 1,428 |
Payable forgiveness/written off debt | 100,000 | 0 |
Provision for income taxes | 0 | 0 |
NET LOSS | $ 98,572 | $ (1,428) |
BASIC AND DILUTED LOSS PER COMMON SHARE | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 28,560,745 | 28,560,745 |
Statements of Stockholders' Equ
Statements of Stockholders' Equity (Deficit) - USD ($) | Common Stock | Additional Paid-In Capital | Share Subscriptions Receivable | Retained Earnings / Accumulated Deficit | Total |
Beginning balance, shares at Apr. 30, 2019 | 28,560,745 | ||||
Beginning balance, value at Apr. 30, 2019 | $ 28,561 | $ 494,019 | $ 0 | $ (631,217) | $ (108,637) |
Net income (loss) | (1,428) | (1,428) | |||
Ending balance, shares at Apr. 30, 2020 | 28,560,745 | ||||
Ending balance, value at Apr. 30, 2020 | $ 28,561 | 494,019 | 0 | (632,645) | (110,065) |
Net income (loss) | 98,572 | 98,572 | |||
Ending balance, shares at Apr. 30, 2021 | 28,560,745 | ||||
Ending balance, value at Apr. 30, 2021 | $ 28,561 | $ 494,019 | $ 0 | $ (534,073) | $ (11,493) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Apr. 30, 2021 | Apr. 30, 2020 | |
OPERATING ACTIVITIES | ||
Net loss | $ 98,572 | $ (1,428) |
Adjustment to reconcile net loss to net cash used in operating activities: | ||
Accounts Payable | 1,428 | 1,428 |
Notes Payable | (100,000) | 0 |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 0 | 0 |
FINANCING ACTIVITIES | ||
Proceeds from sale of common stock | 0 | 0 |
Loan from related party | 0 | 0 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 0 | 0 |
NET INCREASE (DECREASE) IN CASH | 0 | 0 |
CASH, BEGINNING OF PERIOD | 0 | 0 |
CASH, END OF PERIOD | 0 | 0 |
Supplemental cash flow & noncash financing activities: | ||
Interest | 0 | 0 |
Income taxes | $ 0 | $ 0 |
1. Nature of Operations and Bas
1. Nature of Operations and Basis of Presentation | 12 Months Ended |
Apr. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Operations and Basis of Presentation | NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION The Company was incorporated in the State of Nevada as a for-profit Company on April 9, 2009 and established a fiscal year end of April 30. One Clean Planet intends to enter into the online content provider industry specializing in step-by-step cookery tutorial companies. Since the company has been dormant for over two years, the company now has a Shell status. |
2. Summary of Significant Accou
2. Summary of Significant Accounting Policies | 12 Months Ended |
Apr. 30, 2021 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation In the opinion of management, the accompanying balance sheets, statements of operations, stockholders' equity (deficit) and cash flows include all adjustments, consisting only of normal recurring items, for their fair presentation in conformity with accounting principles generally accepted in the United States. These financial statements are presented in United States dollars. Advertising Advertising costs are expensed as incurred. As of April 30, 2021 and 2020, no advertising costs have been incurred. Property The Company does not own or rent any property. The office space is provided by the president at no charge. Revenue and Cost Recognition None Cash and Cash Equivalents The Company considers all highly liquid investments with maturity of three months or less to be cash equivalents. Use of Estimates and Assumptions Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Income Taxes The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment. Net Loss per Share Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. Recent Accounting Pronouncements The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement. |
3. Going Concern
3. Going Concern | 12 Months Ended |
Apr. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | NOTE 3 – GOING CONCERN |
4. Fair Value of Financial Inst
4. Fair Value of Financial Instruments | 12 Months Ended |
Apr. 30, 2021 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | NOTE 4 – FAIR VALUE OF FINANCIAL INSTRUMENTS The Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carrying value due to the short-term maturity of the instruments. |
5. Capital Stock
5. Capital Stock | 12 Months Ended |
Apr. 30, 2021 | |
Equity [Abstract] | |
Capital Stock | NOTE 5 – CAPITAL STOCK The Company’s capitalization was reduced to 75,000,000 common shares with a par value of $0.001 per share, on July 27, 2015. No preferred shares have been authorized or issued. As of April 30, 2021, the Company has not granted any stock options and has not recorded any stock-based compensation. On April 30, 2021, and on April 30, 2020 the Company had 28,560,745 common shares issued and outstanding. |
6. Related Party Transactions
6. Related Party Transactions | 12 Months Ended |
Apr. 30, 2021 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 6 – RELATED PARTY TRANSACTIONS We do not have any related party transactions. |
7. Income Taxes
7. Income Taxes | 12 Months Ended |
Apr. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 7 – INCOME TAXES We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Accounting for Uncertainty in Income Taxes when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period. The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of April 30, 2015 and 2014 are as follows: April 30, 2021 April 30, 2020 Net operating loss carry forward Effective Tax rate 35% 35% Deferred Tax Assets Less: Valuation Allowance – – Net deferred tax asset $ 0 $ 0 The net federal operating loss carry forward will expire between 2033 and 2034. This carry forward may be limited upon the consummation of a business combination under IRC Section 381. |
8. Subsequent Events
8. Subsequent Events | 12 Months Ended |
Apr. 30, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 8 – SUBSEQUENT EVENTS None |
2. Summary of Significant Acc_2
2. Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Apr. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation In the opinion of management, the accompanying balance sheets, statements of operations, stockholders' equity (deficit) and cash flows include all adjustments, consisting only of normal recurring items, for their fair presentation in conformity with accounting principles generally accepted in the United States. These financial statements are presented in United States dollars. |
Advertising | Advertising Advertising costs are expensed as incurred. As of April 30, 2021 and 2020, no advertising costs have been incurred. |
Property | Property The Company does not own or rent any property. The office space is provided by the president at no charge. |
Revenue and Cost Recognition | Revenue and Cost Recognition None |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with maturity of three months or less to be cash equivalents. |
Use of Estimates and Assumptions | Use of Estimates and Assumptions Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. |
Income Taxes | Income Taxes The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment. |
Net Loss per Share | Net Loss per Share Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement. |
7. Income Taxes (Tables)
7. Income Taxes (Tables) | 12 Months Ended |
Apr. 30, 2021 | |
Income Tax Disclosure [Abstract] | |
Reconciliation of income taxes | April 30, 2021 April 30, 2020 Net operating loss carry forward Effective Tax rate 35% 35% Deferred Tax Assets Less: Valuation Allowance – – Net deferred tax asset $ 0 $ 0 |
2. Summary of Significant Acc_3
2. Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 12 Months Ended | |
Apr. 30, 2021 | Apr. 30, 2020 | |
Accounting Policies [Abstract] | ||
Advertising expense | $ 0 | $ 0 |
3. Going Concern (Details Narra
3. Going Concern (Details Narrative) - USD ($) | Apr. 30, 2021 | Apr. 30, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital | $ (11,493) | |
Accumulated deficit | $ (534,073) | $ (632,645) |
5. Capital Stock (Details Narra
5. Capital Stock (Details Narrative) | 12 Months Ended |
Apr. 30, 2021USD ($)shares | |
Equity [Abstract] | |
Stock options outstanding | 0 |
Stock options granted | 0 |
Stock based compensation | $ | $ 0 |
7. Income Taxes (Details)
7. Income Taxes (Details) - USD ($) | 12 Months Ended | |
Apr. 30, 2021 | Apr. 30, 2020 | |
Income Tax Disclosure [Abstract] | ||
Effective tax rate | 35.00% | 35.00% |
Net deferred tax asset | $ 0 | $ 0 |