GPO Plus (GPOX) 10-Q 19 Sep 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2018	Sep. 18, 2018
Document And Entity Information
Entity Registrant Name	GLOBAL HOUSE HOLDINGS LTD.
Entity Central Index Key	1,673,475
Document Type	10-Q
Document Period End Date	Jul. 31, 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 Common Stock, Shares Outstanding		111,800,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Current Assets:
Prepaid expenses	$ 21,579	$ 403
Total Current Assets	21,579	403
TOTAL ASSETS	21,579	403
Current Liabilities:
Accounts payable and accrued liabilities	828	1,760
Due to related party	50,768	21,218
Total Current Liabilities	51,596	22,978
Total Liabilities	51,596	22,978
Stockholders' Deficit:
Common stock, $0.001 par value, 1,500,000,000 shares authorized 111,800,000 and 111,800,000 shares issued and outstanding, respectively	111,800	111,800
Additional paid-in capital (deficiency)	(83,737)	(83,737)
Accumulated deficit	(58,080)	(50,638)
Total Stockholders' Deficit	(30,017)	(22,575)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 21,579	$ 403

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2018	Apr. 30, 2018
Stockholders' 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	111,800,000
Common stock, shares outstanding	111,800,000	111,800,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Consolidated Statements Of Operations
Revenues
Operating Expenses
General and administrative	7,442	10,688
Total Operating Expenses	7,442	10,688
Net Loss	$ (7,442)	$ (10,688)
Net Loss Per Common Share: Basic and Diluted	$ 0	$ 0
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	111,800,000	111,800,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended		28 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (7,442)	$ (10,688)	$ (58,080)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, net		616
Changes in operating assets and liabilities:
Prepaid expenses	(21,176)
Accounts payable and accrued liabilities	(932)
Net cash used in Operating Activities	(29,550)	(10,072)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment		(5,100)
Net cash used in Investing Activities		(5,100)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loan from shareholders	29,550
Net cash provided by Financing Activities	29,550
Net cash decrease for period		(15,172)
Cash at beginning of period		29,728
Cash at end of period		14,556
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes
Cash paid for interest

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	3 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION	GLOBAL HOUSE HOLDINGS LTD. (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. will 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. Basis of Presentation The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended July 31, 2018 are not necessarily indicative of the results that may be expected for the year ending April 30, 2019. Notes to the unaudited interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year 2018 have been omitted. This report should be read in conjunction with the audited consolidated financial statements and the footnotes thereto for the fiscal year ended April 30, 2018 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on September 11, 2018.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 2 - GOING CONCERN	The Company’s consolidated condensed interim financial statements as of July 31, 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 July 31, 2018 of $58,080. 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 condensed interim 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	3 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	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. 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 July 31, 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. The Company had no potentially dilutive instruments outstanding during the periods presented. 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	3 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 4 - CAPTIAL STOCK	As of July 31, 2018, and April 30, 2018, the Company had 111,800,000 shares issued and outstanding. 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	3 Months Ended
	Jul. 31, 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. During the three months ended July 31, 2018 and 2017, the Company’s sole officer and director loaned the Company $29,550 and $0, respectively, to pay for operating expenses. The amounts are non-interest bearing and due on demand. As of July 31, 2018, $50,768 is outstanding.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jul. 31, 2018
Notes to Financial Statements
NOTE 6 - SUBSEQUENT EVENTS	Management has evaluated subsequent events through the date these consolidated condensed interim financial statements were issued. Based on our evaluation no other material subsequent events have occurred that require disclosure.

SUMMARY OF SIGNIFICANT ACCOUN12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jul. 31, 2018
Summary Of Significant Accounting Policies
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.
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 July 31, 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. The Company had no potentially dilutive instruments outstanding during the periods presented.
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.

ORGANIZATION AND BASIS OF PRE13

ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative)	Apr. 03, 2018	Jul. 31, 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 ($)	3 Months Ended		28 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018
Going Concern
Net Loss	$ (7,442)	$ (10,688)	$ (58,080)

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Jul. 31, 2018USD ($)
Summary Of Significant Accounting Policies Details Narrative Abstract
Cash insured amount	$ 250,000

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - $ / shares	Apr. 03, 2018	Oct. 26, 2017	Jul. 31, 2018	Apr. 30, 2018	Jul. 20, 2017
Common stock, authorized			1,500,000,000	1,500,000,000
Common stock, shares issued			111,800,000	111,800,000
Common stock, shares outstanding			111,800,000	111,800,000
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 ($)	3 Months Ended		12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Apr. 30, 2018
Outstanding amount	$ 50,768
New sole officer and director [Member]
Borrowed loan for pay of incorporation costs and operating expenses	$ 29,550	$ 0	$ 21,218