Yumba Records Storage 10-Q 15 Jul 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	May 31, 2021	Jul. 14, 2021
Cover [Abstract]
Entity Registrant Name	YUMBA RECORDS STORAGE, INC.
Entity Central Index Key	0001750398
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	May 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Entity Ex Transition Period	true
Entity Common Stock Shares Outstanding		10,200,000
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	May 31, 2021	Aug. 31, 2020
Current assets
Cash	$ 9,462	$ 25,242
Prepaid expenses	497	0
Total current assets	9,959	25,242
Total assets	9,959	25,242
Current liabilities
Accounts payable and accrued liabilities	877	877
Due to related party	1,585	585
Unearned revenue - related parties	1,242	0
Total current liabilities	3,704	1,462
Long term liabilities
Related party notes payable, net of discount	14,735	14,194
Total liabilities	18,439	15,656
Commitments and contingencies (Note 7)	0	0
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock: $0.001 par value, 200,000,000 authorized, 11,000,000 shares issued and 10,200,000 shares outstanding as of May 31, 2021, 11,000,000 issued and outstanding as of August 31, 2020.	11,000	11,000
Additional paid-in capital	46,945	46,945
Treasury stock, at cost	(7,760)	0
Accumulated deficit	(58,344)	(48,167)
Accumulated other comprehensive income	(321)	(192)
Total stockholders' equity (deficit)	(8,480)	9,586
Total liabilities and stockholders' equity (deficit)	$ 9,959	$ 25,242

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	May 31, 2021	Aug. 31, 2020
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	11,000,000	11,000,000
Common stock, shares outstanding	10,200,000	11,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Revenue
Revenue - related parties	$ 391	$ 1,320	$ 2,836	$ 1,739
Expenses
General and administrative	894	989	3,501	9,669
Professional fees	1,750	1,750	8,000	11,488
Rent	319	477	971	477
Total expenses	2,963	3,216	12,472	21,634
Loss from operations	(2,572)	(1,896)	(9,636)	(19,895)
Other expenses
Interest expense	(182)	(173)	(541)	(514)
Loss before provision for income tax	(2,754)	(2,069)	(10,177)	(20,409)
Provision for income tax	0	0	0	0
Net loss	(2,754)	(2,069)	(10,177)	(20,409)
Other comprehensive loss
Foreign currency translation	53	(79)	(129)	(147)
Net comprehensive loss	$ (2,701)	$ (2,148)	$ (10,306)	$ (20,556)
Net loss per share - basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding - basic and diluted	10,200,000	11,000,000	10,264,469	10,833,285

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Stockholders equity (deficit) (Unaudited) - USD ($)	Total	Common Stock	Treasury Stock	Paid-In Capital	Accumulated Deficit	Accumulated other comprehensive loss
Balance, shares at Aug. 31, 2019		6,000,000
Balance, amount at Aug. 31, 2019	$ (16,694)	$ 6,000	$ 0	$ 1,945	$ (24,639)	$ 0
Issuance of common shares for cash, shares		5,000,000
Issuance of common shares for cash, amount	50,000	$ 5,000	$ 0	45,000	0	0
Net loss for the period	(7,971)	$ 0	$ 0	0	(7,971)	0
Balance, shares at Nov. 30, 2019		11,000,000
Balance, amount at Nov. 30, 2019	25,335	$ 11,000	$ 0	46,945	(32,610)	0
Balance, shares at Aug. 31, 2019		6,000,000
Balance, amount at Aug. 31, 2019	(16,694)	$ 6,000	$ 0	1,945	(24,639)	0
Net loss for the period	(20,409)
Balance, shares at May. 31, 2020		11,000,000
Balance, amount at May. 31, 2020	12,750	$ 11,000	$ 0	46,945	(45,195)	0
Balance, shares at Nov. 30, 2019		11,000,000
Balance, amount at Nov. 30, 2019	25,335	$ 11,000	$ 0	46,945	(32,610)	0
Net loss for the period	(10,437)	$ 0	$ 0	0	(10,437)	0
Balance, shares at Feb. 29, 2020		11,000,000
Balance, amount at Feb. 29, 2020	14,898	$ 11,000	$ 0	46,945	(43,047)	0
Net loss for the period	(2,069)	$ 0	$ 0	0	(2,148)	0
Balance, shares at May. 31, 2020		11,000,000
Balance, amount at May. 31, 2020	12,750	$ 11,000	$ 0	46,945	(45,195)	0
Balance, shares at Aug. 31, 2020		11,000,000
Balance, amount at Aug. 31, 2020	9,586	$ 11,000	$ 0	46,945	(48,167)	(192)
Net loss for the period	(4,581)	$ 0	$ 0		(4,581)	0
Treasury stock purchases, shares			(800,000)
Treasury stock purchases, amount	(7,760)	$ 0	$ (7,760)	0	0	0
Foreign currency translation	(185)	$ 0	$ 0	0	0	(185)
Balance, shares at Nov. 30, 2020		11,000,000	(800,000)
Balance, amount at Nov. 30, 2020	(2,940)	$ 11,000	$ (7,760)	46,945	(52,748)	(377)
Balance, shares at Aug. 31, 2020		11,000,000
Balance, amount at Aug. 31, 2020	9,586	$ 11,000	$ 0	46,945	(48,167)	(192)
Net loss for the period	(10,177)
Balance, shares at May. 31, 2021		1,100,000	(800,000)
Balance, amount at May. 31, 2021	(8,480)	$ 11,000	$ (7,760)	46,945	(58,344)	(321)
Balance, shares at Nov. 30, 2020		11,000,000	(800,000)
Balance, amount at Nov. 30, 2020	(2,940)	$ 11,000	$ (7,760)	46,945	(52,748)	(377)
Net loss for the period	(2,842)	0	0		(2,842)	0
Foreign currency translation	3	$ 0	$ 0	0	0	3
Balance, shares at Feb. 28, 2021		1,100,000	(800,000)
Balance, amount at Feb. 28, 2021	(5,779)	$ 11,000	$ (7,760)	46,945	(55,590)	(374)
Net loss for the period	(2,754)	0	0		(2,754)	0
Foreign currency translation	53	$ 0	$ 0	0	0	53
Balance, shares at May. 31, 2021		1,100,000	(800,000)
Balance, amount at May. 31, 2021	$ (8,480)	$ 11,000	$ (7,760)	$ 46,945	$ (58,344)	$ (321)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	May 31, 2021	May 31, 2020
Cash flows from operating activities
Net loss	$ (10,177)	$ (20,409)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	541	514
Change in operating assets and liabilities
Prepaid expenses	(497)	(476)
Accounts payables and accrued liabilities	0	200
Unearned revenue	1,242	0
Due to related parties	1,000	(2,240)
Net cash used in operating activities	(7,891)	(22,411)
Cash flows from financing activities
Re-purchase of common stock for cash	(7,760)	0
Proceeds from sale of common shares for cash	0	50,000
Net cash provided by financing activities	(7,760)	50,000
Effect of exchange rate changes on cash	(129)	(147)
Change in cash	(15,780)	27,442
Cash - beginning of period	25,242	408
Cash - end of period	9,462	27,850
Cash paid for:
Interest	0	0
Income tax	$ 0	$ 0

NATURE AND BASIS OF OPERATIONS

NATURE AND BASIS OF OPERATIONS	9 Months Ended
	May 31, 2021
NATURE AND BASIS OF OPERATIONS
1. NATURE AND BASIS OF OPERATIONS	Yumba Records Storage, Inc. (the “Company”) was incorporated in the state of Nevada on July 21, 2017 (“Inception”). The Company plans to be a

GOING CONCERN

GOING CONCERN	9 Months Ended
	May 31, 2021
GOING CONCERN
2. GOING CONCERN	These unaudited condensed consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. During the nine months ended May 31, 2021, the Company incurred a net loss of $10,177. As of May 31, 2021, the Company had an accumulated deficit of $58,344. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern within one year after the date that the financial statements are issued. In order to continue as a going concern, the Company will need, among other things, significant revenue and 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 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. These unaudited financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Due to the COVID-19 global pandemic, the global economy and financial markets have been disrupted and there continues to be a significant amount of uncertainty about the length and severity of the consequences caused by the pandemic. The Company has begun to experience general business disruptions that impeded normal business activity including its ability to provide storage area access as the Company premises is under lock-down. These events may further affect the Company’s ability to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	May 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Condensed Consolidated Financial Information: The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and with the rules of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. The August 31, 2020 condensed consolidated balance sheet was derived from the audited financial statements included in the Company’s Form 10-K filed with the SEC. The unaudited interim condensed consolidated financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2021 are not necessarily indicative of the results that may be expected for the year ending August 31, 2021. Condensed Consolidated Financial Statements The unaudited condensed consolidated financial statements include the accounts of Yumba Records Storage, Inc. and its wholly owned Canadian subsidiary, Yumba Records Storage Inc. and wholly owned Indian subsidiary, Yumba Records Storage Private Limited. All significant intercompany balances and transactions have been eliminated upon consolidation. Emerging Growth Company Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a registration statement under the Securities Act of 1933, as amended (the “Securities Act”), declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. Foreign Currency Translation Assets and liabilities of non-U.S. subsidiaries are translated into U.S. dollars at the respective rates of exchange prevailing at the end of the reporting period. Income and expense accounts are translated at average exchange rates prevailing during the reporting period. Translation adjustments resulting from this process are recorded directly in equity as accumulated other comprehensive (loss) income (“AOCI”) and will be included as income or expense only upon sale or liquidation of the underlying entity or asset. Yumba Records Storage Private Limited (India) considers its local currency (rupees) as its functional currency. Use of Estimates and Assumptions The preparation of condensed consolidated financial statements in conformity with US 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (the “FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the condensed unaudited consolidated balance sheet. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of 3 months or less when purchased to be cash equivalents. The Company had no cash equivalents at May 31, 2021 and August 31, 2020. Revenue Recognition Revenues from our storage facilities, which are primarily composed of rental income earned pursuant to short term leases, are recognized as earned. The Company recognizes revenue in accordance with ASC 842 for Lessees. The revenues were generated in the State of Goa, India. Unearned Revenue – Related Parties Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized when the service is provided. The Company requested and received advances for a three-month period from three related parties’ clients. Lease On February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The ASU introduces a new leasing model for both lessees and lessors. Topic 842 provides guidance in how to identify whether a lease arrangement exists. Management has evaluated its premise leasing arrangement and concluded that the company’s lease has a lease term of 12 months or less and per ASC 842 qualifies as short-term. Per ASC 842, a lessee may elect not to apply the recognition requirements of ASC 842 to short-term leases and should recognize the lease payments in net income on a straight-line basis over the lease term. Treasury Stock Treasury stock purchases are accounted for under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock. Gains and losses on the subsequent reissuance of shares are credited or charged to paid-in capital in excess of par value using the average-cost method. Loss Per Share of Common Stock Basic earnings per share is computed by dividing net income (or loss) by the weighted- average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share is not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the nine-month period ended May 31, 2021 and 2020. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, we believe that the impact of recently issued standards that are not yet effective will not have a material impact on our financial position or results of operations upon adoption. Reclassification Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.

COMMON STOCK

COMMON STOCK	9 Months Ended
	May 31, 2021
COMMON STOCK
4. COMMON STOCK	The total number of common shares authorized that may be issued by the Company is 200,000,000 shares with a par value of $0.001 per share. The Company became a reporting company on June 3, 2019 and offered a total of 5,000,000 shares of Company’s common stock on a “self-underwritten” basis at a fixed price of $0.01 per share. In October 2019, the Company completed its offering of a total of 5,000,000 shares of Company’s common stock on a “self-underwritten” basis at a fixed price of $0.01 per share, for total proceeds of $50,000. In September 2020, the Company repurchased 800,000 shares of Common Stock from 4 shareholders for $7,760 and returned these shares to treasury. The following table summarizes the Company’s stock repurchase activity: Shares repurchased Average price per share Total Cost Treasury Stock, May 31, 2021 800,000 $ 0.0097 $ 7,760 As at May 31, 2021, there were no issued and outstanding stock options or warrants.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	May 31, 2021
RELATED PARTY TRANSACTIONS
5. RELATED PARTY TRANSACTIONS	The Company does not own any real property. In February 2020, the Company entered into a lease agreement with a related party, namely the mother-in-law of the Company’s president, for $164 per month. Three parties related to the Company’s president have signed storage service contracts for $136 per month each. The relationships of three related parties are: (a) an unlimited company owned by the spouse of the Company’s president, (b) an unlimited company owned by the sister-in-law and (c) an unlimited company owned by a cousin of the Company’s president The Company has received $15,170 from related party (Note 6).

RELATED PARTY NOTES PAYABLE NET

RELATED PARTY NOTES PAYABLE NET OF DISCOUNT	9 Months Ended
	May 31, 2021
RELATED PARTY NOTES PAYABLE NET OF DISCOUNT
6. RELATED PARTY NOTES PAYABLE, NET OF DISCOUNT	As of August 31, 2019, the Company received advances of $15,170 from a related party. These advances are unsecured with no interest. The Company entered into a formal promissory note for the advanced amount as of April 1, 2019, with a maturity date of December 31, 2021 with no stated interest rate. The holder of the Note has verbally agreed to extend the Note by further one year to December 31, 2022. The computed discounted present value of the note payable at issuance, based on a 5% imputed interest rate, was $13,225 with $1,945 recognized as a debt discount, to be amortized over the life of the note using effective interest method. The amortization of the discount for nine months ended May 31, 2021 and May 31, 2020 was $541 and $514, respectively. Discount amortization is reported as interest expense. May 31, 2021 August 31, 2020 Principal amount of notes payable $ 15,170 $ 15,170 Less: unamortized discount (435 ) (976 ) Notes payable less unamortized discount $ 14,735 $ 14,194

COMMITMENT AND CONTIGENCIES

COMMITMENT AND CONTIGENCIES	9 Months Ended
	May 31, 2021
COMMITMENT AND CONTIGENCIES
7. COMMITMENT AND CONTIGENCIES	Litigation From time to time, the Company may become involved in litigation or claims arising out of its operations in the normal course of business. At the current time, the Company is not known to be a party to any legal proceedings that would be expected to have a materially adverse impact on its financial position, results of operations or cash flows. Lease Commitments The Company has signed a lease with a related party as discussed in Note 5 above. Service Contracts The Company signed storage service agreements with 3 related parties as discussed in Note 5 above.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	May 31, 2021
SUBSEQUENT EVENTS
8. SUBSEQUENT EVENTS	Management has evaluated subsequent events through to the date these unaudited condensed consolidated financial statements were issued. Based on their evaluation, no material events have occurred that require disclosure.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	May 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Condensed Consolidated Financial Information:	The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and with the rules of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. The August 31, 2020 condensed consolidated balance sheet was derived from the audited financial statements included in the Company’s Form 10-K filed with the SEC. The unaudited interim condensed consolidated financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2021 are not necessarily indicative of the results that may be expected for the year ending August 31, 2021.
Condensed Consolidated Financial Statements	The unaudited condensed consolidated financial statements include the accounts of Yumba Records Storage, Inc. and its wholly owned Canadian subsidiary, Yumba Records Storage Inc. and wholly owned Indian subsidiary, Yumba Records Storage Private Limited. All significant intercompany balances and transactions have been eliminated upon consolidation.
Emerging Growth Company	Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a registration statement under the Securities Act of 1933, as amended (the “Securities Act”), declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard.
Foreign currency translation	Assets and liabilities of non-U.S. subsidiaries are translated into U.S. dollars at the respective rates of exchange prevailing at the end of the reporting period. Income and expense accounts are translated at average exchange rates prevailing during the reporting period. Translation adjustments resulting from this process are recorded directly in equity as accumulated other comprehensive (loss) income (“AOCI”) and will be included as income or expense only upon sale or liquidation of the underlying entity or asset. Yumba Records Storage Private Limited (India) considers its local currency (rupees) as its functional currency.
Use of Estimates and Assumptions	The preparation of condensed consolidated financial statements in conformity with US 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.
Fair Value of Financial Instruments	The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (the “FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the condensed unaudited consolidated balance sheet.
Cash and Cash Equivalents	The Company considers all highly liquid investments with an original maturity of 3 months or less when purchased to be cash equivalents. The Company had no cash equivalents at May 31, 2021 and August 31, 2020.
Revenue Recognition	Revenues from our storage facilities, which are primarily composed of rental income earned pursuant to short term leases, are recognized as earned. The Company recognizes revenue in accordance with ASC 842 for Lessees. The revenues were generated in the State of Goa, India.
Unearned Revenue - Related Parties	Unearned revenue is recorded when payments are received in advance of performing our service obligations and is recognized when the service is provided. The Company requested and received advances for a three-month period from three related parties’ clients.
Lease	On February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The ASU introduces a new leasing model for both lessees and lessors. Topic 842 provides guidance in how to identify whether a lease arrangement exists. Management has evaluated its premise leasing arrangement and concluded that the company’s lease has a lease term of 12 months or less and per ASC 842 qualifies as short-term. Per ASC 842, a lessee may elect not to apply the recognition requirements of ASC 842 to short-term leases and should recognize the lease payments in net income on a straight-line basis over the lease term.
Treasury Stock	Treasury stock purchases are accounted for under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock. Gains and losses on the subsequent reissuance of shares are credited or charged to paid-in capital in excess of par value using the average-cost method.
Loss Per Share of Common Stock	Basic earnings per share is computed by dividing net income (or loss) by the weighted- average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share is not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the nine-month period ended May 31, 2021 and 2020.
Recent Accounting Pronouncements	From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, we believe that the impact of recently issued standards that are not yet effective will not have a material impact on our financial position or results of operations upon adoption.
Reclassification	Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.

COMMON STOCK (Tables)

COMMON STOCK (Tables)	9 Months Ended
	May 31, 2021
COMMON STOCK
Schedule of stock repurchase activity	Shares repurchased Average price per share Total Cost Treasury Stock, May 31, 2021 800,000 $ 0.0097 $ 7,760

RELATED PARTY NOTES PAYABLE N_2

RELATED PARTY NOTES PAYABLE NET OF DISCOUNT (Tables)	9 Months Ended
	May 31, 2021
RELATED PARTY NOTES PAYABLE NET OF DISCOUNT
Schedule of notes payable, Unamortized discount as interest expense	May 31, 2021 August 31, 2020 Principal amount of notes payable $ 15,170 $ 15,170 Less: unamortized discount (435 ) (976 ) Notes payable less unamortized discount $ 14,735 $ 14,194

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020	May 31, 2020	Feb. 29, 2020	Nov. 30, 2019	May 31, 2021	May 31, 2020	Aug. 31, 2020
GOING CONCERN
Net loss	$ (2,754)	$ (2,842)	$ (4,581)	$ (2,069)	$ (10,437)	$ (7,971)	$ (10,177)	$ (20,409)
Accumulated deficit	$ (58,344)						$ (58,344)		$ (48,167)

COMMON STOCK (Details)

COMMON STOCK (Details) - Treasury Stocks [Member]	1 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares
Shares repurchased | shares	800,000
Average price per share | $ / shares	$ 0.0097
Total Cost | $	$ 7,760

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative)	1 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)integershares	Oct. 31, 2019USD ($)$ / sharesshares	May 31, 2021USD ($)$ / sharesshares	May 31, 2020USD ($)	Aug. 31, 2020$ / sharesshares	Jun. 03, 2019$ / sharesshares
Common stock, par value | $ / shares			$ 0.001		$ 0.001
Common stock, shares authorized | shares			200,000,000		200,000,000
Common stock, shares repurchased | shares	800,000
Common stock, shares repurchased, amount | $	$ 7,760
Number of shareholders | integer	4
Proceeds from sale of common shares for cash | $			$ 0	$ 50,000
Self Underwritten [Member]
Common stock, par value | $ / shares		$ 0.01				$ 0.01
Proceeds from sale of common shares for cash | $		$ 50,000
Common stock, shares offering | shares		5,000,000				5,000,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Feb. 29, 2020	May 31, 2021	Aug. 31, 2020
Principal amount of notes payable		$ 15,170	$ 15,170
Due to related party		$ 1,585	$ 585
Storage Service [Member]
Due to related party	$ 136
Payment period	per month
Lease Agreement [Member]
Due to related party	$ 164
Payment period	per month

RELATED PARTY NOTES PAYABLE N_3

RELATED PARTY NOTES PAYABLE NET OF DISCOUNT (Details) - USD ($)	May 31, 2021	Aug. 31, 2020
RELATED PARTY NOTES PAYABLE NET OF DISCOUNT
Principal amount of notes payable	$ 15,170	$ 15,170
Less: unamortized discount	(435)	(976)
Notes payable less unamortized discount	$ 14,735	$ 14,194

RELATED PARTY NOTES PAYABLE N_4

RELATED PARTY NOTES PAYABLE NET OF DISCOUNT (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	May 31, 2021	May 31, 2020	Aug. 31, 2019	Aug. 31, 2020
Principal amount of notes payable	$ 15,170			$ 15,170
Amortization of debt discount	541	$ 514
Related Party [Member]
Maturity date			Dec. 31, 2021
Extended date			Dec. 31, 2022
Principal amount of notes payable			$ 15,170
Imputed interest rate			5.00%
Present value of debt			$ 13,225
Amortization of debt discount	$ 541	$ 514
Debt discount			$ 1,945