Carriage House Event Center (CRGH) 10-Q 26 Jul 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 09, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
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	517-8845
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
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	false
Entity Common Stock, Shares Outstanding		4,450,000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash	$ 45,601	$ 29,006
Total current assets	45,601	29,006
Total assets	45,601	29,006
Current liabilities:
Accounts payable		1,000
Non-current liabilities
Related party debt – long term	180,800	153,800
Total liabilities	180,800	154,800
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	(169,349)	(159,944)
Total Stockholders’ Deficit	(135,199)	(125,794)
Total Liabilities and Stockholders’ Deficit	$ 45,601	$ 29,006

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Expenses:
General and administrative	$ 3,615	$ 3,381	$ 9,405	$ 8,831
Total operating expenses	3,615	3,381	9,405	8,831
Loss before provision for income taxes	(3,615)	(3,381)	(9,405)	(8,831)
Provision for income taxes
Net loss	$ (3,615)	$ (3,381)	$ (9,405)	$ (8,831)
Net Loss per common share
Basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding
Basic and diluted	4,450,000	4,450,000	4,450,000	4,450,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2022	$ 4,450	$ 29,700	$ (144,510)	$ (110,360)
Begining Balance, Share at Dec. 31, 2022	4,450,000
Net loss			(5,450)	(5,450)
Ending balance, value at Mar. 31, 2023	$ 4,450	29,700	(149,960)	(115,810)
Ending Balance, Share at Mar. 31, 2023	4,450,000
Beginning balance, value at Dec. 31, 2022	$ 4,450	29,700	(144,510)	(110,360)
Begining Balance, Share at Dec. 31, 2022	4,450,000
Net loss				(8,831)
Ending balance, value at Jun. 30, 2023	$ 4,450	29,700	(153,341)	(119,191)
Ending Balance, Share at Jun. 30, 2023	4,450,000
Beginning balance, value at Mar. 31, 2023	$ 4,450	29,700	(149,960)	(115,810)
Begining Balance, Share at Mar. 31, 2023	4,450,000
Net loss			(3,381)	(3,381)
Ending balance, value at Jun. 30, 2023	$ 4,450	29,700	(153,341)	(119,191)
Ending Balance, Share at Jun. 30, 2023	4,450,000
Beginning balance, value at Dec. 31, 2023	$ 4,450	29,700	(159,944)	$ (125,794)
Begining Balance, Share at Dec. 31, 2023	4,450,000			4,450,000
Net loss			(5,790)	$ (5,790)
Ending balance, value at Mar. 31, 2024	$ 4,450	29,700	(165,734)	(131,584)
Ending Balance, Share at Mar. 31, 2024	4,450,000
Beginning balance, value at Dec. 31, 2023	$ 4,450	29,700	(159,944)	$ (125,794)
Begining Balance, Share at Dec. 31, 2023	4,450,000			4,450,000
Net loss				$ (9,405)
Ending balance, value at Jun. 30, 2024	$ 4,450	29,700	(169,349)	$ (135,199)
Ending Balance, Share at Jun. 30, 2024	4,450,000			4,450,000
Beginning balance, value at Mar. 31, 2024	$ 4,450	29,700	(165,734)	$ (131,584)
Begining Balance, Share at Mar. 31, 2024	4,450,000
Net loss			(3,615)	(3,615)
Ending balance, value at Jun. 30, 2024	$ 4,450	$ 29,700	$ (169,349)	$ (135,199)
Ending Balance, Share at Jun. 30, 2024	4,450,000			4,450,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (3,615)	$ (5,790)	$ (3,381)	$ (5,450)	$ (9,405)	$ (8,831)
Adjustments to reconcile net loss to net cash used by operating activities:
Accounts payable
Net cash used by operating activities					(9,405)	(8,831)
Cash flows from investing activities:
Cash flows from financing activities:
Proceeds from related party debt					30,000	55,000	$ 55,000
Payments on related party debt					(3,000)		(13,000)
Net cash (used) provided by financing activities					27,000	55,000
Net change in cash					17,595	46,169
Cash at beginning of period		$ 29,006		$ 1,440	29,006	1,440	1,440
Cash at end of period	$ 45,601		$ 47,609		45,601	47,609	$ 29,006
Supplemental schedule of cash flow information:
Interest paid
Income taxes paid

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 The Company was formed for the purpose of researching and developing a concept for an Event Center with many additional associated businesses on the same grounds of the Event Center. For several years, the Company did extensive research on Event Centers throughout Colorado, Utah, Nevada and Arizona. The Covid-19 Pandemic and other circumstances negatively affected the event center business and ultimately our ability to raise capital and move forward with our original business plan. However, now that the Pandemic has subsided, the Company intends to move forward.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
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, 2024. 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, 2023 . Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP 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 consolidated 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 six months ending June 30, 2024 and the year ending December 31, 2023, Blue Carriage has had no transactions and has no bank account. Recent Accounting Standards The Company has implemented all new 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	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 - GOING CONCERN The accompanying unaudited 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 June 30, 2024, 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. On June 1, 2023, the Company entered into a letter of intent to purchase an 8050 Sq. Ft. building in Mesa, Maricopa County, Arizona. When completed, the purchase will be funded with common or preferred stock of the Company and debt. It is expected that the transaction may be completed in the fourth quarter of 2024. Our focus for the fiscal year ending December 31, 2024, will be on continuing our attempt to raise additional capital, increasing research as to the overall concept, contacting companies that could possibly be a part of the Carriage House Event Center concept and completing a transaction on a facility. If the Company is unable to raise the required funds to fulfill its business plan, the Company may seek other opportunities including a possible merger, acquisition and/or change of our business plan.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS 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 is a corporation owned by Phillip E. Ray, the husband of A. Terry Ray, and A. Terry Ray, the officer and director and principal shareholder of the Company. Venture Vest Capital Corp. is a corporation owned by Philip E. Ray. The Company received proceeds of $55,000 $13,000 In February and March of 2024, an amount of $3,000 $47,000 $34,000 On June 19, 2024, Venturevest Capital Corp. loaned the Company an additional amount of $30,000 $30,000 As of June 30, 2024, the outstanding promissory notes were consolidated into four new promissory notes. Issue Date Maturity Date June 30, 2024 12/31/2023 12/31/2025 $ 26,500 Terayco International, Ltd 12/31/2023 12/31/2025 $ 71,000 Terry Ray 12/31/2023 12/31/2025 $ 19,300 Terry Ray 3/31/2024 12/31/2025 $ 34,000 VentureVest Capital Corp 6/20/2024 12/31/2025 $ 30,000 VentureVest Capital Corp TOTAL $ 180,800 All promissory notes are interest free until December 31,2025 at which time any unpaid balance will bear interest at the rate of 4%

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 5 — STOCKHOLDERS’ EQUITY Common Stock There are 45,000,000 $0.001 4,450,000 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. Preferred Stock We have 5,000,000 No

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Subsequent Events
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 unaudited consolidated financial statements were issued and has determined that no material subsequent events exist.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
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, 2024. 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, 2023 .
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP 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 consolidated 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 six months ending June 30, 2024 and the year ending December 31, 2023, Blue Carriage has had no transactions and has no bank account.
Recent Accounting Standards	Recent Accounting Standards The Company has implemented all new 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)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Issue Date Maturity Date June 30, 2024 12/31/2023 12/31/2025 $ 26,500 Terayco International, Ltd 12/31/2023 12/31/2025 $ 71,000 Terry Ray 12/31/2023 12/31/2025 $ 19,300 Terry Ray 3/31/2024 12/31/2025 $ 34,000 VentureVest Capital Corp 6/20/2024 12/31/2025 $ 30,000 VentureVest Capital Corp TOTAL $ 180,800

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	6 Months Ended
	Jun. 30, 2024 shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Shares Issued	100

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern, Management's Evaluation	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.
Going Concern, Management's Plans	If the Company is unable to raise the required funds to fulfill its business plan, the Company may seek other opportunities including a possible merger, acquisition and/or change of our business plan.

Schedule of Related Party Trans

Schedule of Related Party Transactions (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)
Related Party Transaction [Line Items]
Related Party Debt	$ 180,800
Terayco International, Ltd | First Promissory Notes
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 26,500
Terry Ray | Second Promissory Notes
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 71,000
Terry Ray | Third Promissory Notes
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 19,300
Venturevest Capital Corp. | Forth Promissory Notes
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 34,000
Venturevest Capital Corp. | Fifth Promissory Notes
Related Party Transaction [Line Items]
Promissory Notes, Maturity Date	Dec. 31, 2025
Related Party Debt	$ 30,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Proceeds from Related Party Loan		$ 30,000	$ 55,000	$ 55,000
Payments on Related Party Debt		3,000		13,000
Notes Payable, Current		$ 30,000
Notet, Interest Rate, Stated Percentage		4%
Venturevest Capital Corp.
Related Party Transaction [Line Items]
Payments on Related Party Debt	$ 3,000
Notes Reduction				$ 47,000
Notes Issued	$ 34,000

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Equity [Abstract]
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, Issued	4,450,000	4,450,000
Common Stock, Shares, Outstanding	4,450,000	4,450,000
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0