South Beach Spirits (SBES) 10-K 9 Jun 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Feb. 28, 2014	Aug. 31, 2013
Document and Entity Information	'	'
Entity Registrant Name	'CME Realty Inc.	'
Document Type	'10-K	'
Document Period End Date	28-Feb-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001572840	'
Current Fiscal Year End Date	'--02-28	'
Entity Common Stock, Shares Outstanding	14,000,000	'
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	'2014	'
Document Fiscal Period Focus	'FY	'
Entity Public Float	'	$0

Balance_Sheets

Balance Sheets (USD $)	Feb. 28, 2014	Feb. 28, 2013
Current assets	'	'
Cash	$9,404	$5,000
Total current assets	9,404	5,000
Total assets	9,404	5,000
Current liabilities	'	'
Accounts payable and accrued liabilities	13,551	3,250
Due to related party	6,060	306
Total current liabilities	19,611	3,556
Total liabilities	19,611	3,556
Stockholders' equity (deficit)	'	'
Common stock value	14,000	10,000
Additional paid-in capital	36,000	'
Deficit accumulated during the development stage	60,207	8,556
Total stockholders' equity (deficit)	-10,207	1,444
Total liabilities and stockholders' equity (deficit)	$9,404	$5,000

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Feb. 28, 2014	Feb. 28, 2013
Balance Sheet	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	14,000,000	10,000,000
Common stock, shares outstanding	14,000,000	10,000,000

Statements_of_Operations

Statements of Operations (USD $)	7 Months Ended	12 Months Ended	19 Months Ended
	Feb. 28, 2013	Feb. 28, 2014	Feb. 28, 2014
Income Statement	'	'	'
Revenue	'	'	'
Expenses	'	'	'
General and administrative	306	6,376	6,682
Professional fees	8,250	45,275	53,525
Total expenses	8,556	51,651	60,207
Provision for income tax	'	'	'
Net loss	($8,556)	($51,651)	($60,207)
Basic and diluted loss per common share	$0.03	$0	'
Weighted average number of common shares outstanding	295,567	10,504,110	'

Statements_of_Stockholders_Equ

Statements of Stockholders' Equity (Deficit) (USD $)	Common Stock	Additional Paid-in Capital	Deficit Accumulated During the Development Stage	Total
Beginning Balance, amount at Aug. 09, 2012	'	'	'	'
Founder's shares issued for cash, shares	5,000,000	'	'	5,000,000
Founder's shares issued for cash, value	$5,000	'	'	$5,000
Shares issued for services, shares	5,000,000	'	'	5,000,000
Shares issued for services, value	5,000	'	'	5,000
Net loss for the period	'	'	-8,556	-8,556
Ending Balance, amount at Feb. 28, 2013	10,000	'	-8,556	1,444
Ending Balance, shares at Feb. 28, 2013	10,000,000	'	'	'
Common stock issued for cash, shares	4,000,000	'	'	4,000,000
Common stock issued for cash, value	4,000	36,000	'	40,000
Net loss for the period	'	'	-51,651	-51,651
Ending Balance, amount at Feb. 28, 2014	$14,000	$36,000	($60,207)	($10,207)
Ending Balance, shares at Feb. 28, 2014	14,000,000	'	'	'

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	7 Months Ended	12 Months Ended	19 Months Ended
	Feb. 28, 2013	Feb. 28, 2014	Feb. 28, 2014
Cash flows from operating activities	'	'	'
Net Loss	($8,556)	($51,651)	($60,207)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Shares issued for services	5,000	'	5,000
Increase (decrease) in accounts payable and accrued expenses	3,250	10,301	13,551
Expenses paid on behalf by shareholder	306	-306	'
Net cash used in operating activities	'	-41,656	-41,656
Cash flows from financing activities	'	'	'
Proceeds from sale of common stock	5,000	40,000	45,000
Loans from shareholders	'	6,060	6,060
Net cash provided by financing activities	5,000	46,060	51,060
Net increase (decrease) in cash	5,000	4,404	6,404
Cash, beginning of period	'	5,000	'
Cash, end of period	5,000	9,404	9,404
Supplemental disclosures of cash flow information:	'	'	'
Cash paid for interest	'	'	'
Cash paid for taxes	'	'	'

Nature_of_Operations_and_Basis

Nature of Operations and Basis of Presentation	12 Months Ended
	Feb. 28, 2014
Notes	'
Nature of Operations and Basis of Presentation	'
	NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION
	CME Realty, Inc. was formed in the state of Nevada on August 10, 2012 and its year-end is February 28. We are a development stage company with a principle business of real estate services for the residential market.  We plan to hire a team of professionals that will individually specialize in each of our services.  The services we initially plan to offer include listing and sales of residential properties, short sales and foreclosures.  Our goal is to become a partner with our clients in the decision making process.  We plan to provide all our professionals with the latest market knowledge utilizing demographic and mapping technology and micro and macro real estate statistics.

Going_Concern

Going Concern	12 Months Ended
	Feb. 28, 2014
Notes	'
Going Concern	'
	NOTE 2 - GOING CONCERN
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. From inception through February 28, 2014, the Company had no revenue producing operations and has not emerged from the development stage. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to begin operations and to achieve a level of profitability. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from other traditional financing sources, including term notes until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.
	The sole officer/director has agreed to advance funds to the Company to meet its obligations at his discretion.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Feb. 28, 2014
Notes	'
Summary of Significant Accounting Policies	'
	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The financial statements present the balance sheet, statement of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States.
	Cash and Cash Equivalents
	For the purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalent.  At February 28, 2014 and 2013, the Company had $9,404 and $5,000 in cash, respectively.
	Advertising
	Advertising costs are expensed as incurred.  As of February 28, 2014 and 2013, no advertising costs have been incurred.
	Property
	The Company does not own or rent any property.  The office space is provided by the CEO at no charge.
	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.
	Revenue and Cost 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.
	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.
	Fair Value of Financial Instruments
	The Company’s balance sheet includes certain financial instruments, including cash, accounts payable, accrued expenses and amounts payable to related party. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.
	ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:
	Level 1      Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
	Level 2      Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	Level 3      Inputs that are both significant to the fair value measurement and unobservable.
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 28, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.

Related_Party_Note

Related Party, Note	12 Months Ended
	Feb. 28, 2014
Notes	'
Related Party, Note	'
	NOTE 4 - RELATED PARTY
	In support of the Company’s efforts and cash requirements, it has relied on advances from the controlling shareholder, an officer and director, until such time that the Company can support its operations through generating revenue or attains adequate financing through sales of its equity or traditional debt financing. The controlling shareholder has pledged his support to fund continuing operations, however, there is no formal written commitment.  Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and therefore are considered payable on demand and non-interest bearing. At February 28, 2014 and 2013, the President has paid expenses on behalf of the Company in the amount of $6,060 and $306, respectively.
	During the year ending February 28, 2014 the Company paid consulting fees to the Chief Operating Officer, in the amount of $20,000.
	The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder of the Company to use at no charge.
	The Company does not have employment contracts with its key employees, including the controlling shareholder who is an officer of the Company.
	The amounts and terms of the above transactions may not necessarily be indicative of the amounts and terms that would have been incurred had comparable transactions been entered into with independent third parties.

Capital_Stock_Note

Capital Stock, Note	12 Months Ended
	Feb. 28, 2014
Notes	'
Capital Stock, Note	'
	NOTE 5 - CAPITAL STOCK
	The Company is authorized to issue an aggregate of 75,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued.  At February 28, 2014 and 2013, 14,000,000 and 10,000,000 common shares are issued and outstanding, respectively.
	On February 21, 2013, the Company issued 5,000,000 Founder’s shares at $0.001 per share (par value) for total cash of $5,000.
	On February 25, 2013, the Company issued 5,000,000 shares for services provided since inception.  These shares were issued at par value ($0.001 per share) for services valued at $5,000.
	On January 14, 2014, the Company issued 4,000,000 shares for cash to multiple investors.  These shares were issued at $0.01 per share for total cash of $40,000.
	As of February 28, 2014, there are no warrants or options outstanding to acquire any additional shares of common stock of the Company.

Income_Taxes_Note

Income Taxes, Note	12 Months Ended
	Feb. 28, 2014
Notes	'
Income Taxes, Note	'
	NOTE 6 - 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 2013 is as follows:
		28-Feb-14		28-Feb-13
	Net operating loss carry forward	$	60,207	$	8,556
	Effective Tax rate		34%		34%
	Deferred Tax Assets		20,470		2,909
	Less: Valuation Allowance		-20,470		-2,909
	Net deferred tax asset	$	0	$	0
	The net federal operating loss carry forward will expire in 2034.  This carry forward may be limited upon the consummation of a business combination under IRC Section 381.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Feb. 28, 2014
Notes	'
Commitments and Contingencies	'
	NOTE 7- COMMITMENTS AND CONTINGENCIES
	From time to time the Company may be a party to litigation matters involving claims against the Company.  Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.

Subsequent_Events

Subsequent Events	12 Months Ended
	Feb. 28, 2014
Notes	'
Subsequent Events	'
	NOTE 8 SUBSEQUENT EVENTS
	Management has evaluated subsequent events through the date the financial statements were available to be issued. Management is not aware of any significant events that occurred subsequent to the balance sheet date that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
Basis of Presentation	'
	Basis of Presentation
	The financial statements present the balance sheet, statement of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies: Cash and Cash Equivalents, Policy (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
Cash and Cash Equivalents, Policy	'
	Cash and Cash Equivalents
	For the purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalent.  At February 28, 2014 and 2013, the Company had $9,404 and $5,000 in cash, respectively.

Summary_of_Significant_Account3

Summary of Significant Accounting Policies: Advertising, Policy (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
Advertising, Policy	'
	Advertising
	Advertising costs are expensed as incurred.  As of February 28, 2014 and 2013, no advertising costs have been incurred.

Summary_of_Significant_Account4

Summary of Significant Accounting Policies: Property, Policy (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
Property, Policy	'
	Property
	The Company does not own or rent any property.  The office space is provided by the CEO at no charge.

Summary_of_Significant_Account5

Summary of Significant Accounting Policies: Use of Estimates and Assumptions (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
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.

Summary_of_Significant_Account6

Summary of Significant Accounting Policies: Revenue and Cost Recognition (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
Revenue and Cost Recognition	'
	Revenue and Cost 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.

Summary_of_Significant_Account7

Summary of Significant Accounting Policies: Income Taxes, Policy (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
Income Taxes, Policy	'
	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.

Summary_of_Significant_Account8

Summary of Significant Accounting Policies: Net Loss Per Share, Policy (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
Net Loss Per Share, Policy	'
	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.

Summary_of_Significant_Account9

Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
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.

Recovered_Sheet1

Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	12 Months Ended
	Feb. 28, 2014
Policies	'
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company’s balance sheet includes certain financial instruments, including cash, accounts payable, accrued expenses and amounts payable to related party. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.
	ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:
	Level 1      Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
	Level 2      Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	Level 3      Inputs that are both significant to the fair value measurement and unobservable.
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of February 28, 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.

Income_Taxes_Note_Schedule_of_

Income Taxes, Note: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Feb. 28, 2014
Tables/Schedules	'
Schedule of Effective Income Tax Rate Reconciliation	'
		28-Feb-14		28-Feb-13
	Net operating loss carry forward	$	60,207	$	8,556
	Effective Tax rate		34%		34%
	Deferred Tax Assets		20,470		2,909
	Less: Valuation Allowance		-20,470		-2,909
	Net deferred tax asset	$	0	$	0

Recovered_Sheet2

Summary of Significant Accounting Policies: Cash and Cash Equivalents, Policy (Details) (USD $)	Feb. 28, 2014	Feb. 28, 2013
Details	'	'
Cash and Cash Equivalents	$9,404	$5,000

Related_Party_Note_Details

Related Party, Note (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Details	'	'
Due to the President for expenses paid on our behalf	$6,060	$306
Consulting fees paid to COO	$20,000	'

Capital_Stock_Note_Details

Capital Stock, Note (Details) (USD $)	7 Months Ended	12 Months Ended
	Feb. 28, 2013	Feb. 28, 2014	Nov. 30, 2013
Details	'	'	'
Common shares authorized from issuance	75,000,000	75,000,000	75,000,000
Common shares are issued and outstanding	10,000,000	14,000,000	'
Issuance of Founder's common stock	5,000,000	'	'
Proceeds from Founder's issuance	$5,000	'	'
Common stock issued for services	5,000,000	'	'
Value of stock issuance for services	5,000	'	'
Common stock issued for cash	'	4,000,000	'
Cash proceeds from issuance of common stock	'	$40,000	'

Income_Taxes_Note_Schedule_of_1

Income Taxes, Note: Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Details	'	'
Net operating loss carry forward	$60,207	$8,556
Effective Tax rate	34.00%	34.00%
Deferred Tax Assets, gross	20,470	2,909
Valuation Allowance	-20,470	-2,909
Net deferred tax asset	$0	$0