Centurytouch 10-K 17 Jan 14 2012 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2012	Jan. 15, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Centurytouch Ltd	'
Entity Central Index Key	'0001491830	'
Document Type	'10-K	'
Document Period End Date	30-Jun-12	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Public Float	'	$0
Entity Common Stock, Shares Outstanding	'	31,390,000
Document Fiscal Period Focus	'FY	'
Document Fiscal Year Focus	'2012	'

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2012	Jun. 30, 2011
CURRENT ASSETS	'	'
Cash and cash equivalents	$5,505	$4,602
Trade accounts receivable	2,039	'
Other receivables	38,238	948
TOTAL CURRENT ASSETS	45,782	5,550
FIXED ASSETS	'	'
Property, plant, and equipment	3,948,041	1,316,152
Land	436,580	146,239
Accumulated depreciation	-113,141	-34,376
NET FIXED ASSETS	4,271,480	1,428,015
TOTAL ASSETS	4,317,262	1,433,565
CURRENT LIABILITIES	'	'
Bank loans - current portion	107,043	305,127
Loans payable - related party	2,211,080	681,190
Accounts payable	40,871	'
Other payables and accrued liabilities	10,778	47,975
TOTAL CURRENT LIABILITIES	2,369,772	1,034,292
LONG-TERM LIABILITIES	'	'
Bank loans - non current portion	2,025,941	396,696
TOTAL LONG-TERM LIABILITIES	2,025,941	396,696
TOTAL LIABILITIES	4,395,713	1,430,988
STOCKHOLDERS' (DEFICIT) / EQUITY	'	'
Preferred stock ($.0001 par value, 20,000,000 shares authorized, none issued and outstanding as of June 30, 2012 and 2011, respectively)	'	'
Common stock ($.0001 par value, 500,000,000 shares authorized, 31,390,000 shares issued and outstanding as of June 30, 2012 and 2011, respectively)	3,139	3,139
Additional paid in capital	82,570	36,052
Accumulated other comprehensive income (loss)	764	24
Accumulated deficit	-164,924	-36,638
TOTAL STOCKHOLDERS' (DEFICIT) / EQUITY	-78,451	2,577
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) / EQUITY	$4,317,262	$1,433,565

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2012	Jun. 30, 2011
STOCKHOLDERS' (DEFICIT) / EQUITY	'	'
Preferred Stock, par value	$0.00	$0.00
Preferred Stock, Authorized	20,000,000	20,000,000
Preferred Stock, Issued	0	0
Preferred Stock, outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, Authorized	500,000,000	500,000,000
Common stock, Issued	31,390,000	31,390,000
Common stock, outstanding	31,390,000	31,390,000

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)	12 Months Ended
	Jun. 30, 2012		Jun. 30, 2011
Revenues	'		'
Rental income	$145,725		$101,052
Cost of revenues	80,371		34,055
Gross profits	65,354		66,997
Operating expenses	'		'
General and administrative	70,839		39,244
Total Operating Expenses	70,839		39,244
Income from operations	-5,485		27,753
Other income (expenses)	'		'
Interest expenses	-122,801		-64,391
Total other income (expense)	-122,801		-64,391
(Loss) income before income taxes	-128,286		-36,638
Income taxes	0		0
Net (loss)	-128,286		-36,638
Other comprehensive income	'		'
Foreign currency translation adjustment	740		24
Comprehensive income	($127,546)		($36,614)
Earnings per common share	'		'
Basic	'	[1]	'
Fully diluted	'	[1]	'
Weighted average common shares outstanding	'		'
Basic	31,390,000		31,390,000
Fully diluted	31,390,000		31,390,000
[1]	Less than $.01

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Common Stock	Preferred Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (loss)	Retained Earnings	Total
Beginning Balance, Amount at Jun. 30, 2010	'	'	'	'	'	'
Incorporations, Amount	$3,139	'	($3,137)	'	'	$2
Incorporations, Shares	31,390,000	'	'	'	'	'
Shareholder's contribution related to imputed interest	'	'	39,189	'	'	39,189
Net loss	'	'	'	'	-36,638	-36,638
Foreign currency translation income	'	'	'	24	'	24
Ending Balance, Amount at Jun. 30, 2011	3,139	'	36,052	24	-36,638	2,577
Ending Balance, Shares at Jun. 30, 2011	31,390,000	'	'	'	'	'
Shareholder's contribution related to imputed interest	'	'	46,518	'	'	46,518
Net loss	'	'	'	'	-128,286	-128,286
Foreign currency translation income	'	'	'	740	'	740
Ending Balance, Amount at Jun. 30, 2012	$3,139	'	$82,570	$764	($164,924)	($78,451)
Ending Balance, Shares at Jun. 30, 2012	31,390,000	'	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net (loss)	($128,286)	($36,638)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'	'
Depreciation	80,371	34,055
Imputed interest	46,518	39,189
Changes in operating assets and liabilities:	'	'
Trade accounts receivable	-2,059	'
Other receivables	-37,681	-939
Accounts payable	41,275	'
Taxes payable	-9,538	9,585
Other payables and accrued liabilities	-26,871	37,941
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	-36,271	83,193
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of property, plant, and equipment	-1,373,602	-678,121
Purchase of land	-150,511	-75,347
NET CASH (USED IN) INVESTING ACTIVITIES	-1,524,113	-753,468
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from related party loans	1,561,408	674,830
Contributions from shareholders	'	2
NET CASH PROVIDED BY FINANCING ACTIVITIES	1,561,408	674,832
Foreign currency adjustment	-121	45
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	903	4,602
CASH AND CASH EQUIVALENTS:	'	'
Beginning of period	4,602	'
End of period	5,505	4,602
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:	'	'
Cash paid during the years for: Interest	76,283	25,202
Cash paid during the years for: Taxes	9,538	'
NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Incurrence of bank note payable for purchase of building	$1,462,201	$695,270

Organization_and_Business_Back

Organization and Business Background	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
1. ORGANIZATION AND BUSINESS BACKGROUND	'
	CenturyTouch Ltd Inc. (the "Company") was incorporated under the laws of the State of Delaware on August 12, 2010. The Company intended to serve as a vehicle to effect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business. The Company has been inactive until its Share Purchase Agreement (the “SPA”) was entered with Centurytouch Ltd., a corporation organized and existing under the laws of United Kingdom (“CTL”) on April 12, 2012.
	Pursuant to the SPA, William Tay, the sole shareholder of the Company, consummated a sale of 31,390,000 shares of the Company’s common stock to CTL for an aggregate purchase price of $69,990. Simultaneously, CTL entered into a share exchange agreement with all the stockholders of CTL, pursuant to which 53 shares of CTL, representing 100% of the issued and outstanding ordinary shares of CTL, were exchanged for 17,703,960 shares of common stock of the Company. Upon completion of the exchange, CTL became a wholly-owned subsidiary of the Company and Eric Y. K. Wong, the founder and majority shareholder of CTL, then owned a ‘controlling interest’ in the Company representing 61% of the issued and outstanding shares of Common Stock. On April 21, 2012, the Company changed its name from Kallisto Ventures, Inc. to CenturyTouch Ltd Inc. to more accurately reflect its business after the share exchange transaction with CTL aforementioned.
	The share exchange transaction has been accounted for as a reverse acquisition and recapitalization of the Company whereby CTL is deemed to be the accounting acquirer (legal acquiree) and the Company to be the accounting acquiree (legal acquirer).  The accompanying consolidated financial statements are in substance those of CTL, with the assets and liabilities, and revenues and expenses, of the Company being included effective from the date of share exchange transaction.  The Company is deemed to be a continuation of the business of CTL, which owns and operates multi-unit properties throughout the Midlands area of England.  Accordingly, the accompanying consolidated financial statements include the following:
	(1) The balance sheet consists of the net assets of the accounting acquirer at historical cost and the net assets of the accounting acquiree at historical cost;
	(2) The financial position, results of operations, and cash flows of the accounting acquirer for all periods presented as if the recapitalization had occurred at the beginning of the earliest period presented and the operations of the accounting acquiree from the date of share exchange transaction.
	The Company and CTL are hereafter collectively referred to as the “Company”.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
2. Summary Of Significant Accounting Policies	'
	Basis of Presentation
	These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) under the accrual basis of accounting, and are presented in US dollars.
	Use of Estimates
	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenue and expenses in the financial statements and accompanying notes. Actual results could differ from such estimates.
	Basis of Consolidation
	All inter-company transactions and balances within the Company have been eliminated upon consolidation.
	Cash and Cash Equivalents
	Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
	Fixed Assets, Net
	Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values:
		Depreciable life		Residual value
	Commercial properties	39 years			0	%
	Residential properties	27.5 years			0	%
	Furniture and fixture	7 years			0	%
	Expenditures for maintenance and repairs are expensed as incurred.
	Impairment of Long-Lived Assets
	The Company evaluates the recoverability of its fixed assets and other assets in accordance with section 360-10-15 of the FASB Accounting Standards Codification for disclosures about Impairment or Disposal of Long-Lived Assets.  Disclosure requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its expected cash flows. If so, it is considered to be impaired and is written down to fair value, which is determined based on either discounted future cash flows or appraised values. The Company adopted the statement on inception. No impairments of these types of assets were recognized during the years ended June 30, 2012 and 2011, respectively.
	Revenue Recognition
	The Company’s revenue is derived from rental income from the multi-unit properties throughout the Midlands area of England. In accordance with section 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition, the cost of property held for leasing by major classes of property according to nature or function, and the amount of accumulated depreciation in total, is presented in the accompanying balance sheets as of June 30, 2012 and 2011. There are no contingent rentals included in income in the accompanying statements of operations. Revenue is recognized on a straight-line basis and amortized into income on a monthly basis, over the lease term.
	Cost of Revenues
	Cost of revenues consists primarily of material costs, direct labor, depreciation and overhead, which are directly attributable to the revenue generation. The depreciation expenses in connection with the rental properties are included in cost of revenues.
	Income Taxes
	Income taxes are determined in accordance with Accounting Standards Codification Topic 740, “Income Taxes” (“ASC 740”). Under this method, 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 basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. Income tax periods 2011 and 2012 are open for tax examination by taxing authority.
	The Company conducts its major businesses in United Kingdom and is subject to tax liabilities in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the foreign tax authorities. As of June 30, 2012 and 2011, the Company had outstanding tax due in amount of $0 and $9,538 with its tax authority in United Kingdom.
	Comprehensive Income (Loss)
	FASB ASC 220, “Reporting Comprehensive Income”, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during the year from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying consolidated balance sheets, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.
	Foreign Currency Translation
	Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of comprehensive income.
	The reporting currency of the Company is the United States Dollars ("US$"). The Company's subsidiary in United Kingdom maintains its books and records in its local currency, U.K. Pound Sterling ("GBP"), which is functional currency as being the primary currency of the economic environment in which the entity operates.
	In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the periods. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income.
	Translation of amounts from GBP into US$ has been made at the following exchange rates for the respective periods:
			30-Jun-12				30-Jun-11
	Period ended 1GBP:US$ exchange rate			1.5684				1.6067
			For the year ended				For the year ended
			30-Jun-12				30-Jun-11
	Period average 1GBP:US$ exchange rate			1.5839				1.5917
	Basic and diluted earnings per share
	The Company reports earnings per share in accordance with FASB ASC 260 “Earnings per Share”. This statement requires dual presentation of basic and diluted earnings with a reconciliation of the numerator and denominator of the earnings per share computations. Basic earnings per share amounts are based on the weighted average shares of common outstanding. If applicable, diluted earnings per share assume the conversion, exercise or issuance of all common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Accordingly, this presentation has been adopted for the periods presented. There were no adjustments required to net income for the periods presented in the computation of diluted earnings per share.
	Related parties
	The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.
	Pursuant to Section 850-10-20 the Related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.
	The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not required in those statements. The disclosures shall include: a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
	Subsequent Events
	The Company evaluated for subsequent events through the issuance date of the Company’s financial statements.
	Recently Issued Accounting Standards
	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements up to ASU 2013-05, and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its consolidated financial condition or the consolidated results of its operations.

Property_Plant_and_Equipment

Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
3. PROPERTY, PLANT AND EQUIPMENT	'
	Property, plant and equipment are comprised of the following amounts at the respective dates:
		As of
		30-Jun-12			30-Jun-11
	Cost:
	Rental properties – commercial and residential	$	3,929,220		$	1,316,152
	Land		436,580			146,239
	Furniture and fixture		18,821			0
	Total		4,384,621			1,462,391
	Accumulated depreciation		(113,141	)		(34,376	)
	Net	$	4,271,480		$	1,428,015
	The value of land is evaluated by the Company periodically to determine the recoverability rather than depreciated over time. No impairments of land were recognized during the years ended June 30, 2012 and 2011, respectively.
	During the years ended June 30, 2012 and 2011, the Company had depreciation expenses of $80,371 and $34,055, respectively, included in cost of revenues.

Notes_Payable_Related_Parties

Notes Payable - Related Parties	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
4. NOTES PAYABLE - RELATED PARTIES	'
	The Company had outstanding balances on its notes payable to Eric Y. K. Wong (“Mr. Wong”), the President and majority shareholder of the Company, in amount of $2,211,080 and $681,190 as of June 30, 2012 and 2011, respectively. The funds borrowed from the Company’s President were to fund the Company’s purchase of properties and daily operations. There are no formal promissory notes but rather an oral agreement between the President and the Company. The notes are unsecured, due on demand with imputed interest at the rate of 5% per annum. Accordingly, the imputed interest expenses of $46,518 and $39,189 during the years ended June 30, 2012 and 2011, respectively, were credited to additional paid in capital as shareholder’s contribution.

Notes_Payable

Notes Payable	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
5. NOTES PAYABLE	'
	The Company had outstanding balances on its notes payable of the following amounts as of June 30, 2012 and 2011:
		As of
		30-Jun-12			30-Jun-11
	Lloyds TSB (1)	$	0		$	701,823
	Aldermore Bank PLC, interest rate of 5.35%+LIBOR*, due on December 20, 2031		2,132,984			0
	Total notes payable	$	2,132,984		$	701,823
	Less: Current portion of notes payable		(107,043	)		(305,127	)
	Total long-term notes payable	$	2,025,941		$	396,696
	* LIBOR =ondon Interbank Offered Rate
	The outstanding balances on notes payable to Lloyds TSB were paid in full by the Company in January 2012 after the refinance with Aldermore Bank PLC.

Capital_Structure

Capital Structure	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
6. CAPITAL STRUCTURE	'
	As of June 30, 2012, the Company was authorized to issue 500,000,000 shares of common stock, par value $.0001 per share, of which 31,390,000 shares issued and outstanding, and was authorized to issue 20,000,000 shares of preferred stock, par value $.0001 per share, none of which issued and outstanding.
	On April 12, 2012, CTL entered into a share exchange agreement with all the stockholders of CTL, pursuant to which 53 shares of CTL, representing 100% of the issued and outstanding ordinary shares of CTL, were exchanged for 17,703,960 shares of common stock of the Company. Upon completion of the exchange, CTL became a wholly-owned subsidiary of the Company and Eric Y. K. Wong, the founder and majority shareholder of CTL, then owned a ‘controlling interest’ in the Company representing 61% of the issued and outstanding shares of Common Stock.

Income_Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2012
Income Taxes	'
7. Income Taxes	'
	United States
	The Company was incorporated under the laws of the State of Delaware and is subject to U.S. tax. No provisions for income taxes had been made as the Company had no taxable income for the years presented.
	United Kingdom
	The Company’s subsidiary is located in United Kingdom, which is subject to United Kingdom corporate tax. Provisions for corporate taxes had been accrued.
	The Company uses the asset and liability method, where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes. There were no material timing differences and therefore no deferred tax asset or liability as of June 30, 2012 and 2011. There was a net operating loss carry forward as of June 30, 2012 of approximately $164,924.
	The effective income tax expense for the years ended June 30, 2012 and 2011 are as follows:
		2012		2011
	Current taxes	$	0	$	0
	Deferred taxes		0		0
		$	0	$	0

Commitment_and_Contingencies

Commitment and Contingencies	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
8. COMMITMENT AND CONTINGENCIES	'
	Neither does the Company own any property for the use of administration nor does it have any plans to lease any property in the future for such use since the majority workload in administration was outsourced to third parties. There was no rental expenses during the years ended June 30, 2012 and 2011, respectively.

Going_Concern

Going Concern	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
9. GOING CONCERN	'
	These financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. As of June 30, 2012, the Company had net working capital deficiency of $2,323,990 and accumulated deficit of $164,924, and required capital for its contemplated operation and marketing activities to take place.  The Company's ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company's contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations.  The ability to successfully resolve these factors raise substantial doubt about the Company's ability to continue as a going concern.
	Future issuances of the Company's equity or debt securities will be required in order for the Company to continue to finance its operations and continue as a going concern. The Company's present revenues are insufficient to meet operating expenses. The financial statements do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

Subsequent_Events

Subsequent Events	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
10. SUBSEQUENT EVENTS	'
	In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to June 30, 2012 to the date these financial statements were issued, and has determined that it does not have other material subsequent events to disclose in these financial statements.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
Basis of Presentation	'
	These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) under the accrual basis of accounting, and are presented in US dollars.
Use of Estimates	'
	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenue and expenses in the financial statements and accompanying notes. Actual results could differ from such estimates.
Basis of Consolidation	'
	All inter-company transactions and balances within the Company have been eliminated upon consolidation.
Cash and Cash Equivalents	'
	Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Fixed Assets, Net	'
	Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values:
		Depreciable life		Residual value
	Commercial properties	39 years			0	%
	Residential properties	27.5 years			0	%
	Furniture and fixture	7 years			0	%
	Expenditures for maintenance and repairs are expensed as incurred.
Impairment of Long-Lived Assets	'
	The Company evaluates the recoverability of its fixed assets and other assets in accordance with section 360-10-15 of the FASB Accounting Standards Codification for disclosures about Impairment or Disposal of Long-Lived Assets.  Disclosure requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its expected cash flows. If so, it is considered to be impaired and is written down to fair value, which is determined based on either discounted future cash flows or appraised values. The Company adopted the statement on inception. No impairments of these types of assets were recognized during the years ended June 30, 2012 and 2011, respectively.
Revenue Recognition	'
	The Company’s revenue is derived from rental income from the multi-unit properties throughout the Midlands area of England. In accordance with section 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition, the cost of property held for leasing by major classes of property according to nature or function, and the amount of accumulated depreciation in total, is presented in the accompanying balance sheets as of June 30, 2012 and 2011. There are no contingent rentals included in income in the accompanying statements of operations. Revenue is recognized on a straight-line basis and amortized into income on a monthly basis, over the lease term.
Cost of Revenues	'
	Cost of revenues consists primarily of material costs, direct labor, depreciation and overhead, which are directly attributable to the revenue generation. The depreciation expenses in connection with the rental properties are included in cost of revenues.
Income Taxes	'
	Income taxes are determined in accordance with Accounting Standards Codification Topic 740, “Income Taxes” (“ASC 740”). Under this method, 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 basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. Income tax periods 2011 and 2012 are open for tax examination by taxing authority.
	The Company conducts its major businesses in United Kingdom and is subject to tax liabilities in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the foreign tax authorities. As of June 30, 2012 and 2011, the Company had outstanding tax due in amount of $0 and $9,538 with its tax authority in United Kingdom.
Comprehensive Income (Loss)	'
	FASB ASC 220, “Reporting Comprehensive Income”, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during the year from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying consolidated balance sheets, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.
Foreign Currency Translation	'
	Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of comprehensive income.
	The reporting currency of the Company is the United States Dollars ("US$"). The Company's subsidiary in United Kingdom maintains its books and records in its local currency, U.K. Pound Sterling ("GBP"), which is functional currency as being the primary currency of the economic environment in which the entity operates.
	In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the periods. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income.
	Translation of amounts from GBP into US$ has been made at the following exchange rates for the respective periods:
			30-Jun-12				30-Jun-11
	Period ended 1GBP:US$ exchange rate			1.5684				1.6067
			For the year ended				For the year ended
			30-Jun-12				30-Jun-11
	Period average 1GBP:US$ exchange rate			1.5839				1.5917
Basic and diluted earnings per share	'
	The Company reports earnings per share in accordance with FASB ASC 260 “Earnings per Share”. This statement requires dual presentation of basic and diluted earnings with a reconciliation of the numerator and denominator of the earnings per share computations. Basic earnings per share amounts are based on the weighted average shares of common outstanding. If applicable, diluted earnings per share assume the conversion, exercise or issuance of all common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Accordingly, this presentation has been adopted for the periods presented. There were no adjustments required to net income for the periods presented in the computation of diluted earnings per share.
Related parties	'
	The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.
	Pursuant to Section 850-10-20 the Related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.
	The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not required in those statements. The disclosures shall include: a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
Subsequent Events	'
	The Company evaluated for subsequent events through the issuance date of the Company’s financial statements.
Recently Issued Accounting Standards	'
	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements up to ASU 2013-05, and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its consolidated financial condition or the consolidated results of its operations.

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2012
Notes to Financial Statements	'
Fixed assets	'
		Depreciable life		Residual value
	Commercial properties	39 years			0	%
	Residential properties	27.5 years			0	%
	Furniture and fixture	7 years			0	%
Foreign currency exchange rates	'
			30-Jun-12				30-Jun-11
	Period ended 1GBP:US$ exchange rate			1.5684				1.6067
			For the year ended				For the year ended
			30-Jun-12				30-Jun-11
	Period average 1GBP:US$ exchange rate			1.5839				1.5917

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2012
Property Plant And Equipment Tables	'
Property, plant and equipment	'
		As of
		30-Jun-12			30-Jun-11
	Cost:
	Rental properties – commercial and residential	$	3,929,220		$	1,316,152
	Land		436,580			146,239
	Furniture and fixture		18,821			0
	Total		4,384,621			1,462,391
	Accumulated depreciation		(113,141	)		(34,376	)
	Net	$	4,271,480		$	1,428,015

Notes_Payable_Tables

Notes Payable (Tables)	12 Months Ended
	Jun. 30, 2012
Notes Payable Tables	'
Notes payable	'
		As of
		30-Jun-12			30-Jun-11
	Lloyds TSB (1)	$	0		$	701,823
	Aldermore Bank PLC, interest rate of 5.35%+LIBOR*, due on December 20, 2031		2,132,984			0
	Total notes payable	$	2,132,984		$	701,823
	Less: Current portion of notes payable		(107,043	)		(305,127	)
	Total long-term notes payable	$	2,025,941		$	396,696

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2012
Income Taxes Tables	'
Income tax expense	'
		2012		2011
	Current taxes	$	0	$	0
	Deferred taxes		0		0
		$	0	$	0

Summary_Of_Significant_Account3

Summary Of Significant Accounting Policies (Details)	12 Months Ended
	Jun. 30, 2012
Commercial properties	'
Estimated useful lives of Fixed Assets	'39 years
Residual value of Fixed Assets in percentage	0.00%
Residential properties	'
Estimated useful lives of Fixed Assets	'27.5 years
Residual value of Fixed Assets in percentage	0.00%
Furniture and fixture	'
Estimated useful lives of Fixed Assets	'7 years
Residual value of Fixed Assets in percentage	0.00%

Summary_Of_Significant_Account4

Summary Of Significant Accounting Policies (Details 1)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Notes to Financial Statements	'	'
Period ended 1GBP:US$ exchange rate	1.5684	1.6067
Period ended 1GBP:US$ exchange rate	1.5839	1.5917

Summary_Of_Significant_Account5

Summary Of Significant Accounting Policies (Details Narrative) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Notes to Financial Statements	'	'
Amount due of outstanding tax	$0	$9,538

Property_Plant_and_Equipment_D

Property, Plant and Equipment (Details) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Cost:	'	'
Rental properties - commercial and residential	$3,929,220	$1,316,152
Land	436,580	146,239
Furniture and fixture	18,821	0
Total	4,384,621	1,462,391
Accumulated depreciation	-113,141	-34,376
Net	$4,271,480	$1,428,015

Property_Plant_and_Equipment_D1

Property, Plant and Equipment (Details Narrative) (USD $)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Property Plant And Equipment Details Narrative	'	'
Depreciation expenses	$80,371	$34,055

Notes_Payable_Related_Parties_

Notes Payable - Related Parties (Details Narrative) (USD $)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Notes to Financial Statements	'	'
Notes payable to related party	$2,211,080	$681,190
Imputed interest expenses	$46,518	$39,189

Notes_Payable_Details

Notes Payable (Details) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Notes Payable Details	'	'
Lloyds TSB	$0	$701,823
Aldermore Bank PLC, interest rate of 5.35%+LIBOR*, due on December 20, 2031	2,132,984	0
Total notes payable	2,132,984	701,823
Less: Current portion of notes payable	-107,043	-305,127
Total long-term notes payable	$2,025,941	$396,696

Capital_Structure_Details_Narr

Capital Structure (Details Narrative) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Capital Structure Details Narrative	'	'
Common stock, Authorized	500,000,000	500,000,000
Common stock, par value	$0.00	$0.00
Common stock, Issued	31,390,000	31,390,000
Common stock, outstanding	31,390,000	31,390,000
Preferred Stock, Authorized	20,000,000	20,000,000
Preferred Stock, par value	$0.00	$0.00
Preferred Stock, Issued	0	0
Preferred Stock, outstanding	0	0

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Income Taxes Details	'	'
Current taxes	$0	$0
Deferred taxes	0	0
Effective income tax expense	$0	$0

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	Jun. 30, 2012
Income Taxes Details Narrative	'
Net operating loss carry forward	$164,924

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Going Concern Details Narrative	'	'
Net working capital deficiency	$2,323,990	'
Accumulated deficit	$164,924	$36,638