Mag Mile Capital (MMCP) 10-K 28 Oct 22 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jul. 31, 2022	Oct. 20, 2022	Jan. 01, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jul. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--07-31
Entity File Number	0-56333
Entity Registrant Name	MYSON, INC.
Entity Central Index Key	0001879293
Entity Tax Identification Number	87-1614433
Entity Incorporation, State or Country Code	OK
Entity Address, Address Line One	7950 W. Sunset Blvd
Entity Address, Address Line Two	Ste 629
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90046
City Area Code	(310)
Local Phone Number	666-0750
Title of 12(b) Security	Common Stock
Trading Symbol	MYSN
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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	true
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		10,133,284
Auditor Name	BF Borgers CPA PC
Auditor Firm ID	5041
Auditor Location	Lakewood, CO

Balance Sheets

Balance Sheets - USD ($)	Jul. 31, 2022	Jul. 31, 2021
Current Assets:
Cash
Total Current Assets
Total Assets
Current Liabilities:
Accounts payable	282
Loan payable – related party	37,649
Total Current Liabilities	37,931
Stockholders’ Deficit:
Preferred stock, value
Common stock, $0.00001 par value, 480,000,000 shares authorized; 10,133,284 and 133,284 shares issued and outstanding, respectively	101	1
Additional paid in capital	27,639	100
Accumulated deficit	(65,671)	(101)
Total stockholders’ deficit	(37,931)
Total Liabilities and Stockholders’ Deficit
Series A Preferred Stock [Member]
Stockholders’ Deficit:
Preferred stock, value

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2022	Jul. 31, 2021
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares designated	20,000,000	20,000,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	480,000,000	480,000,000
Common stock, shares issued	10,133,284	133,284
Common stock, shares outstanding	10,133,284	133,284
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares designated	1,000,000	1,000,000
Preferred stock, shares issued	0	1,000
Preferred stock, shares outstanding	0	1,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Operating expenses:
General and administrative	$ 65,570	$ 101
Total operating expenses	65,570	101
Loss from operations	(65,570)	(101)
Net Loss	$ (65,570)	$ (101)
Loss per share, basic & diluted	$ (0.04)	$ 0
Weighted average shares outstanding, basic & diluted	1,612,736	133,284

Statement of Changes in Stockho

Statement of Changes in Stockholders' Deficit - USD ($)	Common Stock [Member]	Preferred Stock [Member] Series A Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jul. 31, 2020	$ 1		$ 100		$ 101
Beginning, balance shares at Jul. 31, 2020	133,284	1,000
Net loss				$ (101)	(101)
Ending balance, value at Jul. 31, 2021	$ 1		100	(101)
Ending, balance shares at Jul. 31, 2021	133,284	1,000
Net loss				(65,570)	(65,570)
Contributions to capital			27,639		27,639
Preferred shares converted to common shares	$ 100		(100)
Preferred shares converted to common shares,shares	10,000,000	(1,000)
Ending balance, value at Jul. 31, 2022	$ 101		$ 27,639	$ (65,671)	$ (37,931)
Ending, balance shares at Jul. 31, 2022	10,133,284

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash Flows from Operating Activities:
Net loss	$ (65,570)	$ (101)
Changes in Operating Assets and Liabilities:
Accounts payable	282
Net cash used by operating activities	(65,288)	(101)
Cash Flows from Financing Activities:
Loan payable – related party	37,649
Contributions to capital by controlling shareholder	27,639	101
Net cash provided by financing activities	65,288	101
Net change in cash
Cash, at beginning of year
Cash, at end of year
Supplemental Non-Cash Disclosure:
Cash paid for interest
Cash paid for taxes

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Jul. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 – NATURE OF OPERATIONS Myson, Inc. (“Myson”, or the “Company”) is an Oklahoma corporation formed on July 8, 2021. The Company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”). The Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. As of July 31, 2022, the Company has not commenced any operations. All activity for the period from July 8, 2021 (inception) through July 31, 2022 relates to the Company’s formation and the filing of its Registration Statement on Form 10, which was effective on October 23, 2021, and the search for a prospective initial Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. On May 11, 2022, G. Reed Petersen Irrevocable Trust (the “Seller”), agreed to sell all 1,000 495,000 10,000,000 98.7 10,000,000 The sale of the Shares to the Purchaser was completed on May 17, 2022. As part of the Stock Purchase Agreement, G. Reed Petersen agreed to resign as the Company’s sole officer and director; and the change of management was completed on June 5, 2022. On June 6, 2022, Henrik Rouf became the Company’s sole officer and director.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (US GAAP). 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. Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share—Overall—Other Presentation Matters 0 10,000,000 Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. 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	12 Months Ended
	Jul. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At July 31, 2022, the Company has not yet achieved profitable operations, has accumulated losses of $ 65,671 no

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jul. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS During the year ended July 31, 2022, the previous majority shareholder paid $ 27,639 During the fourth quarter of the year ended July 31, 2022, Reddington Partners LLC, the majority shareholder, advanced the Company $ 37,649 On June 8, 2022, the Reddington Partners LLC converted the Series A Preferred Shares into 10,000,000

COMMON STOCK

COMMON STOCK	12 Months Ended
	Jul. 31, 2022
Equity [Abstract]
COMMON STOCK	NOTE 5 – COMMON STOCK The Company has authorized 480,000,000 0.00001 Effective February 24, 2022, the Company effectuated a 1 for 10,000 reverse stock split Refer to Note 4 for stock transaction with a related party.

PREFERRED STOCK

PREFERRED STOCK	12 Months Ended
	Jul. 31, 2022
Equity [Abstract]
PREFERRED STOCK	NOTE 6 – PREFERRED STOCK The Company has authorized 20,000,000 0.00001 The Preferred Stock authorized by these Articles of Incorporation may be issued in one or more series. The Board of Directors of the Corporation is authorized to determine or alter the rights, preferences, privileges, and restrictions granted or imposed upon any wholly unissued series of Preferred Stock, and within the limitations or restrictions stated in any resolution or resolutions of the Board of Directors originally fixing the number of shares constituting any series, to increase or decrease (but not below the number of shares of any such series then outstanding) the number of shares of any such series subsequent to the issue of shares of that series, to determine the designation and par value of any series and to fix the numbers of shares of any series. Of the authorized preferred stock 1,000 Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock is convertible into 10,000 100,000 Refer to Note 4 for stock transaction with a related party.

INCOME TAX

INCOME TAX	12 Months Ended
	Jul. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAX	NOTE 7 – INCOME TAX Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21 The provision for Federal income tax consists of the following July 31: SCHEDULE OF PROVISION FEDERAL FOR INCOME TAXES 2022 2021 Federal income tax benefit attributable to: Current Operations $ 13,770 $ — Less: valuation allowance (13,770 ) — Net provision for Federal income taxes $ — $ — The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: SCHEDULE OF DEFERRED TAX ASSETS 2022 2021 Deferred tax asset attributable to: Net operating loss carryover $ 13,770 $ — Less: valuation allowance (13,770 ) — Net deferred tax asset $ — $ — At July 31, 2022, the Company had net operating loss carry forwards of approximately $ 13,770 On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cut and Jobs Act (the “Tax Act”). The Tax Act establishes new tax laws that affects 2018 and future years, including a reduction in the U.S. federal corporate income tax rate to 21 Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. ASC Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company’s financial statements. Topic 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of July 31, 2022, the Company had no

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jul. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that there are no material subsequent events.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (US GAAP).
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.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share—Overall—Other Presentation Matters 0 10,000,000
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. 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.

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Jul. 31, 2022
Income Tax Disclosure [Abstract]
SCHEDULE OF PROVISION FEDERAL FOR INCOME TAXES	The provision for Federal income tax consists of the following July 31: SCHEDULE OF PROVISION FEDERAL FOR INCOME TAXES 2022 2021 Federal income tax benefit attributable to: Current Operations $ 13,770 $ — Less: valuation allowance (13,770 ) — Net provision for Federal income taxes $ — $ —
SCHEDULE OF DEFERRED TAX ASSETS	The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: SCHEDULE OF DEFERRED TAX ASSETS 2022 2021 Deferred tax asset attributable to: Net operating loss carryover $ 13,770 $ — Less: valuation allowance (13,770 ) — Net deferred tax asset $ — $ —

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative) - USD ($)	May 11, 2022	May 11, 2022	Jun. 08, 2022
Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of preferred shares converted	10,000,000	10,000,000
Stock Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Consideration received on transaction		$ 495,000
G Reed Petersen Irrevocable Trust [Member] | Series A Preferred Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of issued and outstanding shares		1,000
Reddington Partners LLC [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of outstanding common shares	98.70%
Reddington Partners LLC [Member] | Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of preferred shares converted			10,000,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Cash equivalents
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares of common stock	0	10,000,000

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Jul. 31, 2022	Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 65,671	$ 101
Working capital	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2022	Jul. 31, 2021	Jun. 08, 2022	May 11, 2022
Contributed capital		$ 27,639	$ 101
General operating expenses		37,649
Common Stock [Member]
Number of preferred stock convertible					10,000,000
Reddington Partners LLC [Member]
General operating expenses	$ 37,649
Reddington Partners LLC [Member] | Common Stock [Member]
Number of preferred stock convertible				10,000,000
Majority Shareholder [Member]
Contributed capital		$ 27,639

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - $ / shares	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Equity [Abstract]
Common stock, shares authorized	480,000,000	480,000,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, reserve stock split	1 for 10,000 reverse stock split

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - $ / shares	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Class of Stock [Line Items]
Preferred stock, shares designated	20,000,000	20,000,000
Preferred stock, par value	$ 0.00001	$ 0.00001
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares designated	1,000
Number of shares converted into common shares	10,000
Voting rights per share	100,000

SCHEDULE OF PROVISION FEDERAL F

SCHEDULE OF PROVISION FEDERAL FOR INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Current Operations	$ 13,770
Less: valuation allowance	(13,770)
Net provision for Federal income taxes

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS (Details) - USD ($)	Jul. 31, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Net operating loss carryover	$ 13,770
Less: valuation allowance	(13,770)
Net deferred tax asset

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Income tax rate	21%
Net operating loss carry forwards	$ 13,770
Penalties and interest accrued	$ 0