Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended |
Apr. 30, 2014 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'Black Rock Petroleum Co |
Document Type | '10-K |
Document Period End Date | 30-Apr-14 |
Amendment Flag | 'false |
Entity Central Index Key | '0001580095 |
Current Fiscal Year End Date | '--04-30 |
Entity Common Stock, Shares Outstanding | 120,850,000 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Current Reporting Status | 'No |
Entity Voluntary Filers | 'No |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'FY |
Entity Public Float | $0 |
Black_Rock_Petroleum_Company_B
Black Rock Petroleum Company - Balance Sheets (USD $) | Apr. 30, 2014 | Apr. 30, 2013 | ||
Current Assets: | ' | ' | ||
Cash and cash equivalents | $1 | $100 | ||
Total Assets | 1 | 100 | ||
Current Liabilities: | ' | ' | ||
Accounts payable and accrued liabilities | 27,658 | 12,650 | ||
Due to related parties | 18,886 | 13,100 | ||
Total Current Liabilities | 46,544 | 25,750 | ||
Stockholders' equity (Deficiency) | ' | ' | ||
Preferred stock | ' | [1] | ' | [1] |
Common stock | 1,209 | [2] | 1,209 | [2] |
Subscription receivable from related party | -1,088 | -1,209 | ||
Accumulated deficit | -46,664 | -25,650 | ||
Total Stockholders' Deficit | -46,543 | -25,650 | ||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $1 | $100 | ||
[1] | $0.00001 par value, 100,000,000 shares authorized, 0 shares issued and outstanding at April 30, 2014 and April 30, 2013 | |||
[2] | $0.00001 par value, 200,000,000 shares authorized, 120,850,000 shares issued and outstanding at April 30, 2014 and April 30, 2013 |
Statement_of_Financial_Positio
Statement of Financial Position - Parenthetical (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
Statement of Financial Position | ' | ' |
Common Stock, Par Value | $0.00 | $0.00 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares Issued | 120,850,000 | 120,850,000 |
Common Stock, Shares Outstanding | 120,850,000 | 120,850,000 |
Preferred Stock, Par Value | $0.00 | $0.00 |
Preferred Stock, Shares Authorized | 100,000,000 | 100,000,000 |
Preferred Stock, Shares Issued | ' | ' |
Preferred Stock, Shares Outstanding | ' | ' |
Black_Rock_Petroleum_Company_S
Black Rock Petroleum Company - Statements of Operations (USD $) | 12 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Expenses: | ' | ' |
Accounting and legal | $9,014 | $24,650 |
Rent | 12,000 | 1,000 |
Earnings (Loss) from operations | -21,014 | -25,650 |
Net loss and comprehensive loss for the period | ($21,014) | ($25,650) |
Basic and diluted loss per share | $0 | $0 |
Weighted average number of shares outstanding- basic and diluted | 120,850,000 | 120,850,000 |
Black_Rock_Petroleum_Company_S1
Black Rock Petroleum Company- Statement of Stockholders' Equity (Deficiency) (USD $) | Common Stock | Share subscriptions receivable | Retained earnings (deficit) | Total |
Balance, Value at Apr. 30, 2013 | $1,209 | ($1,209) | ($25,650) | ($25,650) |
Balance, Shares at Apr. 30, 2013 | 120,850,000 | ' | ' | ' |
Net loss | ' | ' | -21,014 | -21,014 |
Subscription payment | ' | 121 | ' | 121 |
Balance, Value at Apr. 30, 2014 | $1,209 | ($1,088) | ($46,664) | ($46,543) |
Balance, Shares at Apr. 30, 2014 | 120,850,000 | ' | ' | ' |
Black_Rock_Petroleum_Company_S2
Black Rock Petroleum Company - Statements of Cash Flows (USD $) | 12 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Cash flows from operating activities: | ' | ' |
Net loss | ($21,014) | ($25,650) |
Changes in non-cash working capital: | ' | ' |
Accounts payable and accrued liabilities, increase decrease | 15,008 | 12,650 |
Due to related parties, increase decrease | 5,786 | 13,100 |
Net Cash Provided by (Used in) Operating Activities | 20,794 | 25,750 |
Cash Flows From Financing Activities: | ' | ' |
Proceeds from issuance of common shares | ' | 1,209 |
Due from related parties | 121 | -1,209 |
Net Cash Provided by Financing Activities | 121 | ' |
Increase (Decrease) in cash and cash equivalents | -99 | 100 |
Cash and cash equivalents, beginning of period | 100 | ' |
Cash and cash equivalents, end of period | $1 | $100 |
1_Incorporation_and_Continuanc
1. Incorporation and Continuance of Operations | 12 Months Ended |
Apr. 30, 2014 | |
Notes | ' |
1. Incorporation and Continuance of Operations | ' |
1. INCORPORATION AND CONTINUANCE OF OPERATIONS | |
Black Rock Petroleum Company was formed on April 24, 2013 under the laws of the State of Nevada. We have not commenced our planned principal operations. We are considered as a development stage company as defined in ASC 915 “Accounting and Reporting for Development Stage Enterprises”. The Company’s fiscal year end is April 30. | |
These financial statements have been prepared in accordance with U.S. generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. We have incurred operating losses and require additional funds to maintain our operations. Management’s plans in this regard are to raise equity financing as required. | |
These conditions raise substantial doubt about our ability to continue as a going concern. These financial statements do not include any adjustments that might result from this uncertainty. | |
We have not generated any operating revenues to date. |
2_Going_Concern
2. Going Concern | 12 Months Ended |
Apr. 30, 2014 | |
Notes | ' |
2. Going Concern | ' |
2. GOING CONCERN | |
The Company's financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has incurred a net loss of $ 46,664 through April 30, 2014. The Company has sustained losses and additional equity financing will be required by the Company to fund its development activities and to support operations. However, there is no assurance that the Company will be able to obtain additional financing. The Company has not generated any operating revenues to date. Furthermore, the Company’s existence is dependent upon management’s ability to develop profitable operations. These factors, among others, raise substantial doubt that the Company will be able to continue as a going concern. These financial statements do not include any adjustments that might result from this uncertainty. |
3_Significant_Accounting_Polic
3. Significant Accounting Policies | 12 Months Ended |
Apr. 30, 2014 | |
Notes | ' |
3. Significant Accounting Policies | ' |
3. SIGNIFICANT ACCOUNTING POLICIES | |
Cash and Cash Equivalents | |
As at April 30, 2014 cash and cash equivalents consist of only cash. | |
Accounting Estimates | |
The preparation of financial statements in conformity with generally accepted accounting principles 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions. | |
Loss Per Share | |
Loss per share is computed using the weighted average number of shares outstanding during the period. We have adopted ASC 260, "Earnings Per Share". Diluted loss per share for year ended April 30, 2014 is equivalent to basic loss per share as there was no potential dilutive equity instruments. | |
Foreign Currency Transactions | |
We are located and operating outside of the United States of America. We maintain our accounting records in U.S. Dollars, as follows: | |
At the transaction date, each asset, liability, revenue and expense is translated into U.S. dollars by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities are re-measured by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations. | |
Stock-Based Compensation | |
The Company adopted ASC 718, Compensation – Stock-Based Compensation, to account for its stock options and similar equity instruments issued. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid. | |
We did not grant any stock options during the year ended April 30, 2014. | |
Comprehensive Income | |
We adopted ASC 220, Comprehensive Income, which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. We are disclosing this information on our Statement of Stockholders' Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. We have no elements of "other comprehensive income” for the year ended April 30, 2014. |
4_Due_To_Director
4. Due To Director | 12 Months Ended |
Apr. 30, 2014 | |
Notes | ' |
4. Due To Director | ' |
4. DUE TO DIRECTOR | |
During the period ended April 30, 2013, the Company incurred $24,650 of accounting and legal expense, of which, $12,100 was paid by the sole director of the company. As at April 30, 2013, the above noted $12,100 has been included in due to director. | |
The Company also incurred $1,000 of rent expense which was paid by the sole director of the company. As at April 30, 2013, the above noted $1,000 has been included in due to director. | |
During the year ended April 30, 2014, the director paid for some of the company’s expenses. | |
As at April 30, 2014 $18,886 was due to director. The amount due to director was unsecured, non-interest bearing and due on demand. |
5_Preferred_and_Common_Stock
5. Preferred and Common Stock | 12 Months Ended |
Apr. 30, 2014 | |
Notes | ' |
5. Preferred and Common Stock | ' |
5. PREFERRED AND COMMON STOCK | |
We have 200,000,000 shares of common stock authorized at par value of $0.00001 per share. All shares of stock are non-assessable and non-cumulative, with no pre-emptive rights. | |
On April 24, 2013, the Company issued 120,850,000 shares of common stock for the consideration amount of $1,209 to the parent company, Starflick.Com Incorporated. | |
As at April 30, 2014, the amount of $1,088 is still due from the parent company, Starflick.Com Incorporated and has been included in due from related parties. |
3_Significant_Accounting_Polic1
3. Significant Accounting Policies: Cash and Cash Equivalents (Policies) | 12 Months Ended |
Apr. 30, 2014 | |
Policies | ' |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
As at April 30, 2014 cash and cash equivalents consist of only cash. | |
3_Significant_Accounting_Polic2
3. Significant Accounting Policies: Accounting Estimates (Policies) | 12 Months Ended |
Apr. 30, 2014 | |
Policies | ' |
Accounting Estimates | ' |
Accounting Estimates | |
The preparation of financial statements in conformity with generally accepted accounting principles 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions. |
3_Significant_Accounting_Polic3
3. Significant Accounting Policies: Loss Per Share (Policies) | 12 Months Ended |
Apr. 30, 2014 | |
Policies | ' |
Loss Per Share | ' |
Loss Per Share | |
Loss per share is computed using the weighted average number of shares outstanding during the period. We have adopted ASC 260, "Earnings Per Share". Diluted loss per share for year ended April 30, 2014 is equivalent to basic loss per share as there was no potential dilutive equity instruments. |
3_Significant_Accounting_Polic4
3. Significant Accounting Policies: Foreign Currency Transactions (Policies) | 12 Months Ended |
Apr. 30, 2014 | |
Policies | ' |
Foreign Currency Transactions | ' |
Foreign Currency Transactions | |
We are located and operating outside of the United States of America. We maintain our accounting records in U.S. Dollars, as follows: | |
At the transaction date, each asset, liability, revenue and expense is translated into U.S. dollars by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities are re-measured by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations. |
3_Significant_Accounting_Polic5
3. Significant Accounting Policies: Stock-based Compensation (Policies) | 12 Months Ended |
Apr. 30, 2014 | |
Policies | ' |
Stock-based Compensation | ' |
Stock-Based Compensation | |
The Company adopted ASC 718, Compensation – Stock-Based Compensation, to account for its stock options and similar equity instruments issued. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid. | |
We did not grant any stock options during the year ended April 30, 2014. |
3_Significant_Accounting_Polic6
3. Significant Accounting Policies: Comprehensive Income (Policies) | 12 Months Ended |
Apr. 30, 2014 | |
Policies | ' |
Comprehensive Income | ' |
Comprehensive Income | |
We adopted ASC 220, Comprehensive Income, which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. We are disclosing this information on our Statement of Stockholders' Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. We have no elements of "other comprehensive income” for the year ended April 30, 2014. |
2_Going_Concern_Details
2. Going Concern (Details) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 |
Details | ' | ' |
Accumulated deficit | $46,664 | $25,650 |
4_Due_To_Director_Details
4. Due To Director (Details) (USD $) | 12 Months Ended | |
Apr. 30, 2014 | Apr. 30, 2013 | |
Accounting and legal | $9,014 | $24,650 |
Due to related parties | 18,886 | 13,100 |
Rent | 12,000 | 1,000 |
Accounting and Legal expense | ' | ' |
Due to related parties | ' | 12,100 |
Rent expense | ' | ' |
Due to related parties | ' | $1,000 |
5_Preferred_and_Common_Stock_D
5. Preferred and Common Stock (Details) (USD $) | Apr. 30, 2014 | Apr. 30, 2013 | Apr. 24, 2013 |
Details | ' | ' | ' |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 | ' |
Common Stock, Par Value | $0.00 | $0.00 | ' |
Common Stock, Shares Issued | 120,850,000 | 120,850,000 | 120,850,000 |
Common Stock Consideration | ' | ' | $1,209 |
Due from Related Parties, Current | $1,088 | ' | ' |