GPO Plus (GPOX) 10-K 11 Sep 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2018	Sep. 05, 2018	Oct. 31, 2017
Document And Entity Information
Entity Registrant Name	GLOBAL HOUSE HOLDINGS LTD.
Entity Central Index Key	1,673,475
Document Type	10-K
Document Period End Date	Apr. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 110,075
Entity Common Stock, Shares Outstanding		111,800,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,018

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Apr. 30, 2018	Apr. 30, 2017
Current Assets:
Cash and cash equivalents		$ 29,728
Prepaid expenses	403	8
Total Current Assets	403	29,736
Property, Plant, and Equipment		5,600
TOTAL ASSETS	403	35,336
Current Liabilities:
Accounts payable and accrued liabilities	1,760
Due to related party	21,218	2,343
Total Current Liabilities	22,978	2,343
Total Liabilities	22,978	2,343
Stockholders' Equity (Deficit):
Common stock, $0.001 par value, 1,500,000,000 shares authorized 111,800,000 and 251,800,000 shares issued and outstanding, respectively	111,800	251,800
Additional paid-in capital (deficiency)	(83,737)	(215,900)
Accumulated deficit	(50,638)	(2,907)
Total Stockholders' Equity (Deficit)	(22,575)	32,993
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 403	$ 35,336

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2018	Apr. 30, 2017
Stockholders' Equity (Deficit):
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	111,800,000	251,800,000
Common stock, shares outstanding	111,800,000	251,800,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Consolidated Statements Of Operations
Revenues		$ 13,600
Operating Expenses
General and administrative	47,731	15,613
Total Operating Expenses	47,731	15,613
Net Loss	$ (47,731)	$ (2,013)
Net Loss Per Common Share: Basic and Diluted	$ .00	$ .00
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	142,868,493	218,073,420

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)		Common stock	Additional paid-in capital (deficiency)	Accumulated Deficit	Total
Beginning Balance, Shares at Apr. 30, 2016	[1]	200,000,000
Beginning Balance, Amount at Apr. 30, 2016	[1]	$ 200,000	$ (190,000)	$ (894)	$ 9,106
Common stock issued for cash, Shares		51,800,000
Common stock issued for cash, Amount		$ 51,800	(25,900)		25,900
Forgiveness of related party loans
Net loss for the period				(2,013)	(2,013)
Ending Balance, Shares at Apr. 30, 2017		251,800,000
Ending Balance, Amount at Apr. 30, 2017		$ 251,800	(215,900)	(2,907)	32,993
Common shares cancelled, Shares		(140,000,000)
Common shares cancelled, Amount		$ (140,000)	140,000
Forgiveness of related party loans			2,247		2,247
Fixed assets transferred to previous sole officer and director			(10,084)		(10,084)
Net loss for the period				(47,731)	(47,731)
Ending Balance, Shares at Apr. 30, 2018		111,800,000
Ending Balance, Amount at Apr. 30, 2018		$ 111,800	$ (83,737)	$ (50,638)	$ (22,575)
[1]	retrospectively reflect forward stock split 20:1

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (47,731)	$ (2,013)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, net	616
Changes in operating assets and liabilities:
Prepaid expenses	(395)	91
Accounts payable and accrued liabilities	1,760
Net cash used in Operating Activities	(45,750)	(1,922)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment	(5,100)	(5,600)
Net cash used in Investing Activities	(5,100)	(5,600)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of debt to previous sole shareholder	(96)
Proceeds from loan from shareholders	21,218	1,300
Proceeds from sale of common stock		25,900
Net cash provided by Financing Activities	21,122	27,200
Net cash increase (decrease) for period	(29,728)	19,678
Cash at beginning of period	29,728	10,050
Cash at end of period		29,728
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes
Cash paid for interest
NON CASH INVESTING AND FINANCING ACTIVITIES
Cancellation of common shares	140,000
Fixed assets transferred to previous sole officer and director	10,084
Forgiveness of related party loans	$ 2,247

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION	GLOBAL HOUSE HOLDINGS LTD. (formerly KOLDECK INC.) (the “Company”) is a corporation established under the corporation laws in the State of Nevada on March 29, 2016. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the company’s business plan. On April 2, 2018, the Company approved an agreement and plan of merger for the purposes of changing our corporate name from Koldeck Inc. to Global House Holdings Ltd. Pursuant to the agreement and plan of merger, our company merged with our wholly-owned subsidiary Global House Holdings Ltd., a Nevada corporation. Koldeck Inc. remained the surviving company of the merger, continuing under the name Global House Holdings Ltd. The name change, as well as a 20:1 forward stock split, was approved by FINRA and effective April 3, 2018 (Note 4). Unless otherwise noted, impacted amounts and share information included in the consolidated financial statements and notes thereto have been retroactively adjusted to reflect the stock split as if it had occurred on the first day of the earliest period presented.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
NOTE 2 - GOING CONCERN	The Company’s consolidated financial statements as of April 30, 2018, been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has incurred a cumulative net loss from inception (March 29, 2016) to April 30, 2018 of $50,638. These factors among others raise substantial doubt about the ability of the company to continue as a going concern for a reasonable period of time. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These consolidated financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The Company’s consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States and are expressed in U.S. dollars. The Company’s fiscal year-end is April 30, 2018. Use of Estimates Preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions. Reclassifications Certain prior period amounts have been reclassified to conform with the current year presentation. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At April 30, 2018, the Company's bank deposits did not exceed the insured amounts. Financial Instruments The Company’s financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. Basic and Diluted Loss Per Share Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statements carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations (see Note 6). Revenue Recognition The Company recognizes revenue from the sale of products and services in accordance with ASC 606,” Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company recognizes revenue when it satisfies its obligation by transferring control of the good or service to the customer. A performance obligation is satisfied over time if one of the following criteria are met: a. the customer simultaneously receives and consumes the benefits as the entity performs; b. the entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or c. the entity’s performance does not create an asset with an alternative use to the entity, and the entity has an enforceable right to payment for performance completed to date. New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows.

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
NOTE 4 - CAPTIAL STOCK	As of April 30, 2018, and April 30, 2017, the Company had 111,800,000, and 251,800,000 shares issued and outstanding, respectively. On July 20, 2017, the sole officer and director of the Company returned and cancelled 140,000,000 common shares. On October 26, 2017, our Board of Directors approved a forward stock split of the issued and authorized shares of common stock on the basis of 20 new shares for one (1) old share. The forward stock split was effective April 3, 2018 and resulted in the increase of our authorized capital from 75,000,000 shares of common stock to 1,500,000,000 shares of common stock. The issued and outstanding capital increased from 5,590,000 shares of common stock to 111,800,000 shares of common stock. The $0.001 par value of our common shares remains unchanged. Unless otherwise noted, impacted amounts and share information included in the consolidated financial statements and notes thereto have been retroactively adjusted to reflect the stock split as if it had occurred on the first day of the earliest period presented.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
NOTE 5 - RELATED PARTY TRANSACTIONS	In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. From March 29, 2016 (Inception) through April 30, 2018, the Company’s previous sole officer and director loaned the Company $2,343 to pay for incorporation costs and operating expenses. During the period ended April 30, 2018, upon the transfer of ownership to the new officer and director, the Company transferred the property, plant and equipment with a net book value of $10,084 to the prior officer and director, along with cash payment of $96. The prior officer and director forgave the remaining outstanding debt of $2,247. During the year ended April 30, 2018, the Company’s new sole officer and director loaned the Company $21,218 to pay for operating expenses. The amounts are non-interest bearing and due on demand. As of April 30, 2018, $21,218 is outstanding.

INCOME TAX

INCOME TAX	12 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
NOTE 6 - INCOME TAX	The Company provides for income taxes under ASC 740, “ Income Taxes.” On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the “Act”) resulting in significant modifications to existing law. The Company has considered the accounting impact of the effects of the Act during the year ended April 30, 2018 including a reduction in the corporate tax rate from 34% to 21% among other changes. The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the new statutory rate of 21% to the income tax amount recorded as of April 30, 2018 and April 30, 2017 are as follows: April 30, April 30, 2018 2017 Net operating loss carryforward $ (50,638 ) $ (2,907 ) Effective tax rate 21 % 34 % Deferred tax asset (10,634 ) (988 ) Less: Valuation allowance 10,634 988 Net deferred asset $ - $ - The change in the valuation allowance during the years ended April 30, 2018 and 2017 was $9,646 and $988, respectively. As of April 30, 2018, the Company had $50,638 in net operating losses (“NOLs”) that may be available to offset future taxable income, which begin to expire between 2033 and 2038. In accordance with Section 382 of the U.S. Internal Revenue Code. The usage of the Company’s net operating loss carry forwards is subject to annual limitations following greater than 50% ownership changes. Tax returns for the years ended 2016 through 2018 are subject to review by the tax authorities. The changes in deferred tax assets related to the changes in tax rates are as follows: Tax Rate at 21% Tax Rate at 34% Changes Year Ended April 30, 2017 $ (423 ) $ (684 ) $ 262 Year Ended April 30, 2018 $ (10,024 ) $ (16,229 ) $ 6,205

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
NOTE 7 - SUBSEQUENT EVENTS	Management has evaluated subsequent events through the date these consolidated financial statements were issued. Based on our evaluation no material events have occurred that require disclosure.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Apr. 30, 2018
Summary Of Significant Accounting Policies
Basis of Presentation	The Company’s consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States and are expressed in U.S. dollars. The Company’s fiscal year-end is April 30, 2018.
Use of Estimates	Preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions.
Reclassifications	Certain prior period amounts have been reclassified to conform with the current year presentation.
Cash and Cash Equivalents	For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At April 30, 2018, the Company's bank deposits did not exceed the insured amounts.
Financial Instruments	The Company’s financial instruments consist primarily of accounts payable and debts. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments.
Basic and Diluted Loss Per Share	Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.
Income Taxes	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statements carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations (see Note 6).
Revenue Recognition	The Company recognizes revenue from the sale of products and services in accordance with ASC 606,” Revenue Recognition Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company recognizes revenue when it satisfies its obligation by transferring control of the good or service to the customer. A performance obligation is satisfied over time if one of the following criteria are met: a. the customer simultaneously receives and consumes the benefits as the entity performs; b. the entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or c. the entity’s performance does not create an asset with an alternative use to the entity, and the entity has an enforceable right to payment for performance completed to date.
New Accounting Pronouncements	There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows.

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Apr. 30, 2018
Income Tax
Schedule of deferred tax assets	April 30, April 30, 2018 2017 Net operating loss carryforward $ (50,638 ) $ (2,907 ) Effective tax rate 21 % 34 % Deferred tax asset (10,634 ) (988 ) Less: Valuation allowance 10,634 988 Net deferred asset $ - $ -
Changes in deferred tax assets related to changes in tax rates	The changes in deferred tax assets related to the changes in tax rates are as follows: Tax Rate at 21% Tax Rate at 34% Changes Year Ended April 30, 2017 $ (423 ) $ (684 ) $ 262 Year Ended April 30, 2018 $ (10,024 ) $ (16,229 ) $ 6,205

ORGANIZATION AND BASIS OF PRE16

ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative)	Apr. 03, 2018	Apr. 30, 2018
Organization And Basis Of Presentation
State of Incorporation		Nevada
Date of incorporation		Mar. 29, 2016
Forward stock split	20:1

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	12 Months Ended		25 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018
Going Concern
Net Loss	$ (47,731)	$ (2,013)	$ (50,638)

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Apr. 30, 2018USD ($)
Summary Of Significant Accounting Policies Details Narrative Abstract
Insured amount	$ 250,000

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - $ / shares	Apr. 03, 2018	Oct. 26, 2017	Apr. 30, 2018	Jul. 20, 2017	Apr. 30, 2017
Common stock, authorized			1,500,000,000		1,500,000,000
Common stock, shares issued			111,800,000		251,800,000
Common stock, shares outstanding			111,800,000		251,800,000
Description of forward stock split	20:1
Common stock, par value			$ 0.001		$ 0.001
Pre split [Member]
Common stock, authorized	75,000,000
Common stock, shares issued	5,590,000
Common stock, shares outstanding	5,590,000
Post split [Member]
Common stock, authorized	1,500,000,000
Common stock, shares issued	111,800,000
Common stock, shares outstanding	111,800,000
Sole officer and director [Member]
Common stock, shares cancelled				140,000,000
Board of Directors [Member]
Description of forward stock split		a forward stock split of the issued and authorized shares of common stock on the basis of 20 new shares for one (1) old share.
Common stock, par value		$ 0.001
Forward stock split effective date		Apr. 3, 2018

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended		25 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018
Outstanding amount	$ 21,218
Repayment of debt to previous sole shareholder	96
Previous sole officer and director [Member]
Borrowed loan for pay of incorporation costs and operating expenses			$ 2,343
Prior officer and director [Member]
Repayment of debt to previous sole shareholder	96
Forgivness of related party debt	2,247		2,247
Transfer of all assets to related party	10,084		$ 10,084
New sole officer and director [Member]
Borrowed loan for pay of incorporation costs and operating expenses	$ 21,218

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ (50,638)	$ (2,907)
Effective tax rate	21.00%	34.00%
Deferred tax asset	$ (10,634)	$ (988)
Less: Valuation allowance	10,634	988
Net deferred asset

INCOME TAX (Details 1)

INCOME TAX (Details 1) - USD ($)	12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Change in deferred tax assets due to change in tax rates	$ 6,205	$ 262
Tax Rate at 21% [Member]
Change in deferred tax assets due to change in tax rates	(10,024)	(423)
Tax Rate at 34% [Member]
Change in deferred tax assets due to change in tax rates	$ (16,229)	$ (684)

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Net operating losses	$ 50,638
Net operating losses expiration period	Between 2033 and 2038
Change in valuation allowance	$ 9,646	$ 988