GPO Plus (GPOX) 10-Q 16 Jan 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2019	Jan. 16, 2020
Document And Entity Information
Entity Registrant Name	GLOBAL HOUSE HOLDINGS LTD.
Entity Central Index Key	0001673475
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Jul. 31, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		111,800,000
EntityFileNumber	333-213744
EntityAddressAddressLine1	No. 9, Alley 7, Section 4,
EntityAddressAddressLine2	Renai Road
EntityAddressPostalZipCode	0000
EntityTaxIdentificationNumber	371817132
EntityAddressCityOrTown	Daan District
LocalPhoneNumber	52389111
CityAreaCode	852
EntityAddressStateOrProvince	TAIWAN, PROVINCE OF CHINA

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jul. 31, 2019	Apr. 30, 2019
Current Assets:
Prepaid expenses	$ 19,062	$ 20,358
Total Current Assets	19,062	20,358
TOTAL ASSETS	19,062	20,358
Current Liabilities:
Accounts payable and accrued liabilities	17,377	11,477
Due to related party	72,268	72,268
Total Current Liabilities	89,645	83,745
Total Liabilities	89,645	83,745
Stockholders' Deficit:
Common stock, $0.001 par value, 1,500,000,000 shares authorized 111,800,000 shares issued and outstanding	111,800	111,800
Additional paid-in capital (deficiency)	(83,737)	(83,737)
Accumulated deficit	(98,646)	(91,450)
Total Stockholders' Deficit	(70,583)	(63,387)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 19,062	$ 20,358

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2019	Apr. 30, 2019
Stockholders' Deficit
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares 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

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
STATEMENTS OF OPERATIONS (Unaudited)
Revenues
Operating Expenses
General and administrative	7,196	7,442
Total Operating Expenses	7,196	7,442
Loss from operations	(7,196)	(7,442)
Net Loss	$ (7,196)	$ (7,442)
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

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance, shares at Apr. 30, 2018		111,800,000
Balance, amount at Apr. 30, 2018	$ (22,575)	$ 111,800	$ (83,737)	$ (50,638)
Net Income (Loss)	$ (7,442)			$ (7,442)
Balance, shares at Jul. 31, 2018	(30,017)	111,800,000		(58,080)
Balance, amount at Jul. 31, 2018	$ (30,017)	$ 111,800	$ (83,737)	$ (58,080)
Balance, shares at Apr. 30, 2019		111,800,000
Balance, amount at Apr. 30, 2019	$ (63,387)	$ 111,800	$ (83,737)	$ (91,450)
Net Income (Loss)	$ (7,196)			$ (7,196)
Balance, shares at Jul. 31, 2019		111,800,000
Balance, amount at Jul. 31, 2019	$ (70,583)	$ 111,800	$ (83,737)	$ (98,646)

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (7,196)	$ (7,442)
Changes in operating assets and liabilities:
Prepaid expenses	1,296	(21,176)
Accounts payable and accrued liabilities	5,900	(932)
Net cash used in Operating Activities		(29,550)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loan from shareholder		29,550
Net cash provided by Financing Activities		29,550
Net change in cash for period
Cash at beginning of period
Cash at end of period
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, 2019
ORGANIZATION AND BASIS OF PRESENTATION
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 Companys activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the Companys 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). Basis of Presentation The accompanying unaudited 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, 2019 are not necessarily indicative of the results that may be expected for the year ending April 30, 2020. Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2018 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended April 30, 2019 included in the Companys Form 10-K as filed with the Securities and Exchange Commission on August 13, 2019.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Jul. 31, 2019
GOING CONCERN
NOTE 2 - GOING CONCERN	The Companys financial statements as of July 31, 2019 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplate 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 of $98,646. 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. Managements 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 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, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Use of Estimates Preparing 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 managements 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. At July 31, 2019 and April 30, 2019, the Company's did not have any cash. Financial Instruments The Companys 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. New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which have or 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, 2019
CAPITAL STOCK
NOTE 4 - CAPTIAL STOCK	As of July 31, 2019 and April 30, 2019, the Company had 111,800,000 shares of common stock issued and outstanding. The Company has not authorized or designated any preferred stock. 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.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Jul. 31, 2019
RELATED PARTY TRANSACTIONS
NOTE 5 - RELATED PARTY TRANSACTIONS	In support of the Companys 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, 2019 and July 31, 2018, the Companys sole officer and director loaned the Company $NIL and $29,550, respectively, to pay for operating expenses. The amounts are non-interest bearing and due on demand. As of July 31, 2019 and April 30, 2019, $72,268 is outstanding.

PREPAID EXPENSES

PREPAID EXPENSES	3 Months Ended
	Jul. 31, 2019
PREPAID EXPENSES
NOTE 6 - PREPAID EXPENSES	Prepaid expenses relate to prepayment made for future services in advance and will be expensed over time as the benefit of the services is received in the future, expected within one year. Prepaid expenses consisted of the following at July 31, 2019 and April 30, 2019: July 31, April 30, 2019 2019 Legal Fees $ 19,062 $ 20,358

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jul. 31, 2019
SUBSEQUENT EVENTS
NOTE 7 - SUBSEQUENT EVENTS	Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation, no material subsequent events have occurred that require disclosure, other than as below. Subsequent to period ended July 31 2019 through the date of filing, the Company’s sole officer and director loaned the Company $24,480 to pay for operating expenses.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jul. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Use of Estimates	Preparing 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 managements 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. At July 31, 2019 and April 30, 2019, the Company's did not have any cash.
Financial Instruments	The Companys 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.
New Accounting Pronouncements	There were various accounting standards and interpretations issued recently, none of which have or are expected to a have a material impact on our financial position, operations or cash flows.

PREPAID EXPENSES (Tables)

PREPAID EXPENSES (Tables)	3 Months Ended
	Jul. 31, 2019
PREPAID EXPENSES (Tables)
Schedule of Prepaid expenses	Prepaid expenses consisted of the following at July 31, 2019 and April 30, 2019: July 31, April 30, 2019 2019 Legal Fees $ 19,062 $ 20,358

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative)	Apr. 03, 2018	Jul. 31, 2019
ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative)
State of Incorporation		Nevada
Date of incorporation		Mar. 29, 2016
Forward stock split	20:1

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Jul. 31, 2019	Apr. 30, 2019
GOING CONCERN
Accumulated deficit	$ (98,646)	$ (91,450)

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - $ / shares	Apr. 03, 2018	Oct. 26, 2017	Jul. 31, 2019	Apr. 30, 2019
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
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
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

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Apr. 30, 2019
RELATED PARTY TRANSACTIONS (Details Narrative)
Due to related party	$ 72,268		$ 72,268
Proceeds from loan from shareholders		$ 29,550

PREPAID EXPENSES (Details)

PREPAID EXPENSES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jul. 31, 2019	Apr. 30, 2019
PREPAID EXPENSES (Details)
Legal Fees	$ 19,062	$ 20,358

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	3 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Operating expenses	$ 7,196	$ 7,442
Sole officer and director [Member] | Subsequent Event [Member]
Operating expenses	$ 24,480