Carriage House Event Center (CRGH) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 06, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	333-236117
Entity Registrant Name	CARRIAGE HOUSE EVENT CENTER, INC.
Entity Central Index Key	0001798458
Entity Incorporation, State or Country Code	CO
Entity Address, Address Line One	558 Castle Pines Parkway,
Entity Address, Address Line Two	B-4, Suite 140
Entity Address, City or Town	Castle Pines
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80108
City Area Code	303
Local Phone Number	730-7939
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		4,450,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 1,038	$ 964
Total current assets	1,038	964
Total assets	1,038	964
Current liabilities:
Related party debt		22,000
Non-current liabilities
Related party debt – long term	103,800	75,500
Total liabilities	103,800	97,500
Commitments and contingencies
Stockholders’ Deficit:
Preferred stock, $0.001 par value;       5,000,000 shares authorized; no shares       issued and outstanding
Common stock; $0.001 par value;       45,000,000 shares authorized;       4,450,000 shares issued and       outstanding	4,450	4,450
Additional paid in capital	29,700	29,700
Accumulated deficit	(136,912)	(130,686)
Total Stockholders’ Deficit	(102,762)	(96,536)
Total Liabilities and Stockholders’ Deficit	$ 1,038	$ 964

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	45,000,000	45,000,000
Common Stock, Shares, Issued	4,450,000	4,450,000
Common Stock, Shares, Outstanding	4,450,000	4,450,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Expenses:
General and administrative	$ 6,226	$ 5,824
Total operating expenses	6,226	5,824
Loss before provision for income taxes	(6,226)	(5,824)
Provision for income taxes
Net loss	$ (6,226)	$ (5,824)
Net Loss per common share
Net Loss per common share, Basic	$ 0	$ 0
Net Loss per common share, Diluted	$ 0	$ 0
Weighted average shares outstanding
Weighted average shares outstanding, Basic	4,450,000	4,450,000
Weighted average shares outstanding, Diluted	4,450,000	4,450,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Deficit - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning Balance, Value at Dec. 31, 2020	$ 4,450	$ 29,700	$ (103,400)	$ (69,250)
Ending Balance, Shares at Dec. 31, 2020	4,450,000
Net loss			(5,824)	(5,824)
Ending Balance, Value at Mar. 31, 2021	4,450	29,700	(109,224)	(75,074)
Beginning Balance, Value at Dec. 31, 2021	$ 4,450	29,700	(130,686)	$ (96,536)
Ending Balance, Shares at Dec. 31, 2021	4,450,000			4,450,000
Net loss			(6,226)	$ (6,226)
Ending Balance, Value at Mar. 31, 2022	$ 4,450	$ 29,700	$ (136,912)	$ (102,762)
Ending Balance, Shares at Mar. 31, 2022	4,450,000			4,450,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net loss	$ (6,226)	$ (5,824)
Net cash used by operating activities	(6,226)	(5,824)
Cash flows from investing activities:
Cash flows from financing activities:
Proceeds from related party debt	6,300
Net cash provided by financing activities	6,300
Net change in cash	74	(5,824)
Cash at beginning of period	964	12,250
Cash at end of period	1,038	6,426
Supplemental schedule of cash flow information:
Interest paid
Income taxes paid

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Mar. 31, 2022
Organization And Description Of Business
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Carriage House Events Center, Inc. (the “Company” or “We”) was incorporated under the laws of the State Colorado on June 26, 2010. The Company is developing its planned principal operations. A new corporation, Blue Carriage Events, Inc. (“Blue Carriage”), was formed under the laws of the State of Colorado in September 2018. Blue Carriage issued the Company 100

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Summary Of Significant Accounting Policies
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2022. These unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto that are included in the Company’s Form 10-K for the year ended December 31, 2021. Use of 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 may differ from those estimates. Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and Blue Carriage Events, Inc., its wholly owned subsidiary. During the three months ended March 31, 2022 and 2021, Blue Carriage has had no transactions and has no bank account. Recent Accounting Standards The Company has implemented all new applicable accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 - GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred losses since inception and has used mainly related party loans to finance activities during the period from June 26, 2010 (inception) through March 31, 2022, with no resulting revenues. The Company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern. The Company’s ability to achieve a level of profitable operations and/or additional financing impacts the Company’s ability to continue as it is presently organized. Management continues to develop its planned principal operations. Should management be unsuccessful in its operating activities, the Company may substantially curtail or terminate its operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The COVID-19 Pandemic has had a dramatic effect on the wedding business in America and the operations of the Company. The Event Center business has come to a complete standstill because of rules against gatherings in most cities and states. It has become impossible for the Company to continue with its proposed business plan and to raise the additional funding to construct the event center as outlined in the Company business plan. Many that have had their reservations at an event center, sometimes a year in advance, have had to postpone or cancel, usually because of the requirement to limited numbers of people at gatherings imposed by mayors and governors. The event center business has suffered with these cancellations. So many of the weddings that are going ahead, are doing so in a situation involving far less guests, and held in such places as a back yard. While weddings are a major part of the business of an event center, other meetings such as corporate functions have almost all been cancelled. Since our Company is based heavily on an event center, and thus on meetings of 50 to 1,000 people, the progress of the Company has been dramatically curtailed in a number of ways. First, in the raising of capital through investors in our public offering and in additional private capital. Second, in advancing our business plan in a number of areas, including getting the interest of companies that might be interested in participating in our overall concept. If unable to overcome these setbacks, we may need to change the direction of the Company. .

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS Related Party Debt The Company has entered into promissory notes (each a “Note” and collectively the “Notes”) with related parties, Terayco Enterprises, LTD. (“Terayco”) and A. Terry Ray (“Terry Ray”). Terayco (the “Holder”) is a corporation owned by Phillip E. Ray, the husband of A. Terry Ray, and A. Terry Ray, the principal shareholder of the Company. As of March 31, 2022 and December 31, 2021, the Company was indebted to Terayco and Terry Ray in the aggregate principal amount of $103,800 $97,500 The details of each note, still outstanding, by the year of issue is as follows: 2012: ● $7,000 At the time of issue, the terms of the Note were it matured two years 4% The Note became due and payable immediately upon the failure by the Company to pay within five (5) days of the due date of any amount of the principal or accrued interest on the Note. The unpaid principal on these Notes shall be convertible, at the sole and exclusive option of the Holder, prior to the payment in full of the principal and interest outstanding under the Notes into common stock of the Company at a fixed rate of $0.01 On December 31, 2013 the Company entered into an agreement with Terayco to issue 50,000 $7,000 The note was amended on December 31, 2018 to extend the maturity date and the interest accrual date to December 31, 2020. The note was further amended on December 31, 2020 to extend the maturity date and the interest accrual date to December 31, 2023. 2014: • A convertible promissory note was issued to Terayco on December 31, 2014 in the amount of $14,000. At the time of issue, the terms of the Note were it matured two years 4% The Note became due and payable immediately upon the failure by the Company to pay within five (5) days of the due date of any amount of the principal or accrued interest on the Note. The unpaid principal on these Notes shall be convertible, at the sole and exclusive option of the Holder, prior to the payment in full of the principal and interest outstanding under the Notes into common stock of the Company at a fixed rate of $0.01 On December 31, 2015, the Company entered into an agreement with Terayco to issue 50,000 $14,000 The shares were issued on January 10, 2016 The note was amended at December 31, 2018 to extend the maturity date and the interest accrual date to December 31, 2020. The note was further amended on December 31, 2020 to extend the maturity date and the interest date accrual to December 31, 2023. 2015: • A promissory note was issued to Terayco on July 23, 2015 in the amount of $5,500 The note matured December 31, 2018. The note was interest free until December 31, 2018, after which time it will bear interest at the rate of 4% The note was amended on December 31, 2018 to extend the maturity date and the interest date to December 31, 2020. The note was further amended on December 31, 2020 to extend the maturity date and the interest date accrual to December 31, 2023. 2019: • A promissory note was issued to A. Terry, the Company President, on September 10, 2019 in the amount of $33,000 The note matured December 31, 2020. The note was interest free until December 31, 2020, after which time it will bear interest at the rate of 4% The note was amended on December 31, 2020 to extend the maturity date and the interest accrual date to December 31, 2023. • A promissory note was issued to A. Terry Ray on November 23, 2019 in the amount of $24,000 The note matures December 31, 2020. The note is interest free until December 31, 2020 after which time it will bear interest at the rate of 4% $2,000 $22,000 • A promissory note was issued to A. Terry Ray on July 27, 2020, in the amount of $22,000 4% 2021: • A promissory note was issued to A. Terry, the Company President, on September 30, 2021 in the amount of $14,000 The note matures December 31, 2023 4% • A promissory note was issued to A. Terry, the Company President, on December 30, 2021 in the amount of $2,000 The note matures December 31, 2023. The note is interest free until December 31, 2023 after which time it will bear interest at the rate of 4% 2022: • A promissory note was issued to A. Terry, the Company President, on February 4, 2022 in the amount of $2,000 The note matures December 31, 2023. The note is interest free until December 31, 2023 after which time it will bear interest at the rate of 4% • A promissory note was issued to A. Terry, the Company President, on March 31, 2022 in the amount of $4,300 The note matures December 31, 2023. The note is interest free until December 31, 2023 after which time it will bear interest at the rate of 4% The following table summarizes the issue period of each outstanding note as of: December 31, March 31, 2022 2021 December 31, 2012 $ 7,000 $ 7,000 Terayco International December 31, 2014 $ 14,000 $ 14,000 Terayco International July 15, 2015 $ 5,500 $ 5,500 Terayco International September 10, 2019 $ 33,000 $ 33,000 Terry Ray November 23, 2020 $ 22,000 $ 22,000 Terry Ray September 30, 2021 $ 14,000 $ 14,000 Terry Ray December 30, 2021 $ 2,000 $ 2,000 Terry Ray February 4, 2022 $ 2,000 $ — Terry Ray March 31, 2022 $ 4,300 $ — Terry Ray TOTAL $ 103,800 $ 97,500

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2022
Stockholders Equity
STOCKHOLDERS’ EQUITY	NOTE 5 — STOCKHOLDERS’ EQUITY Common Stock There are 45,000,000 $0.001 4,450,000 There are 5,000,000 The holders of Common Stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. Holders of Common Stock are entitled to receive ratably such dividends, if any, as may be declared by the Board of Directors out of funds legally available therefore, subject to any preferential dividend rights of outstanding Preferred Stock, which may be authorized and issued in the future. Upon a liquidation, dissolution or winding up of the Company, the holders of Common Stock are entitled to receive ratably the net assets available after the payment of all debts and other liabilities, and subject further only to the prior rights of any outstanding Preferred Stock which may be authorized and issued in the future. The holders of Common Stock have no preemptive, subscription, redemption or conversion rights. The outstanding shares of Common Stock are, and the shares offered herein will be, when issued and paid for, fully paid and non-assessable. Cumulative voting in the election of directors is not permitted and the holders of a majority of the number of outstanding shares will be in a position to control the election of directors at a general shareholder meeting and may elect all of the directors standing for election. We have no present intention to pay cash dividends to the holders of Common Stock.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 6 — SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC 855, “Subsequent Events,” from the balance sheet date through the date the financial statements were issued and has determined that no material subsequent events exist.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Summary Of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2022. These unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto that are included in the Company’s Form 10-K for the year ended December 31, 2021.
Use of Estimates	Use of 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 may differ from those estimates.
Principles of Consolidation	Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and Blue Carriage Events, Inc., its wholly owned subsidiary. During the three months ended March 31, 2022 and 2021, Blue Carriage has had no transactions and has no bank account.
Recent Accounting Standards	Recent Accounting Standards The Company has implemented all new applicable accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Debt	December 31, March 31, 2022 2021 December 31, 2012 $ 7,000 $ 7,000 Terayco International December 31, 2014 $ 14,000 $ 14,000 Terayco International July 15, 2015 $ 5,500 $ 5,500 Terayco International September 10, 2019 $ 33,000 $ 33,000 Terry Ray November 23, 2020 $ 22,000 $ 22,000 Terry Ray September 30, 2021 $ 14,000 $ 14,000 Terry Ray December 30, 2021 $ 2,000 $ 2,000 Terry Ray February 4, 2022 $ 2,000 $ — Terry Ray March 31, 2022 $ 4,300 $ — Terry Ray TOTAL $ 103,800 $ 97,500

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	Sep. 30, 2018shares
Organization And Description Of Business
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	100

Schedule of Related Party Debt

Schedule of Related Party Debt (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Due to Related Parties	$ 103,800	$ 97,500
December 31, 2012 | Terayco International [Member]
Related Party Transaction [Line Items]
Due to Related Parties	7,000	7,000
December 31, 2014 | Terayco International [Member]
Related Party Transaction [Line Items]
Due to Related Parties	14,000	14,000
July 15, 2015 | Terayco International [Member]
Related Party Transaction [Line Items]
Due to Related Parties	5,500	5,500
September 10, 2019 | Terry Ray [Member]
Related Party Transaction [Line Items]
Due to Related Parties	33,000	33,000
November 23, 2020 | Terry Ray [Member]
Related Party Transaction [Line Items]
Due to Related Parties	22,000	22,000
September 30, 2021 | Terry Ray [Member]
Related Party Transaction [Line Items]
Due to Related Parties	14,000	14,000
December 30, 2021 | Terry Ray [Member]
Related Party Transaction [Line Items]
Due to Related Parties	2,000	$ 2,000
February 4,2022 | Terry Ray [Member]
Related Party Transaction [Line Items]
Due to Related Parties	2,000
March 31, 2022 | Terry Ray [Member]
Related Party Transaction [Line Items]
Due to Related Parties	$ 4,300

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)

Sep. 30, 2021

Sep. 10, 2019

Dec. 31, 2015

Jul. 23, 2015

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2022

Sep. 30, 2020

Dec. 31, 2021

Feb. 04, 2022

Dec. 30, 2021

Jul. 27, 2020

Jul. 07, 2020

Nov. 23, 2019

Related Party Transaction [Line Items]

Notes Payable, Related Parties

$ 22,000

Terry Ray [Member] | Promissory Note [Member]

Related Party Transaction [Line Items]

Convertible Promissory Note

$ 14,000

$ 33,000

$ 4,300

$ 2,000

$ 2,000

$ 22,000

$ 24,000

Debt Instrument, Interest Rate, Stated Percentage

4.00%

4.00%

4.00%

4.00%

4.00%

4.00%

4.00%

Debt Instrument, Maturity Date, Description

The note matures December 31, 2023

The note was amended on December 31, 2020 to extend the maturity date and the interest accrual date to December 31, 2023.

Repayments of Related Party Debt

$ 2,000

Terayco Enterprises [Member]

Related Party Transaction [Line Items]

Stock Issued During Period, Shares, New Issues

50,000

50,000

Debt Instrument, Description

The shares were issued on January 10, 2016

Terayco Enterprises [Member] | Promissory Note [Member]

Related Party Transaction [Line Items]

Convertible Promissory Note

$ 14,000

$ 5,500

$ 14,000

$ 7,000

$ 7,000

Debt Instrument, Term

2 years

2 years

Debt Instrument, Interest Rate, Stated Percentage

4.00%

4.00%

4.00%

Debt Instrument, Convertible, Conversion Price

$ 0.01

$ 0.01

Debt Instrument, Maturity Date, Description

The note was further amended on December 31, 2020 to extend the maturity date and the interest date accrual to December 31, 2023.

The note was further amended on December 31, 2020 to extend the maturity date and the interest date accrual to December 31, 2023.

The note was further amended on December 31, 2020 to extend the maturity date and the interest accrual date to December 31, 2023.

Terayco Enterprises [Member] | Terry Ray [Member]

Related Party Transaction [Line Items]

Debt Instrument, Periodic Payment, Principal

$ 103,800

$ 97,500

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Stockholders Equity
Common Stock, Shares Authorized	45,000,000	45,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Outstanding	4,450,000	4,450,000
Preferred Stock, Shares Authorized	5,000,000	5,000,000