Mag Mile Capital (MMCP) 10-Q 13 Mar 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jan. 31, 2023	Mar. 03, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jan. 31, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
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 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 Common Stock, Shares Outstanding		10,133,284

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jan. 31, 2023	Jul. 31, 2022
Current Assets:
Cash
Total Current Assets
Total Assets
Current Liabilities:
Accounts payable	350	282
Loan payable – related party	75,047	37,649
Total Current Liabilities	75,397	37,931
Stockholders’ Deficit:
Preferred stock, value
Common stock, $0.00001 par value, 480,000,000 shares authorized; 10,133,284 shares issued and outstanding	101	101
Additional paid in capital	27,639	27,639
Accumulated deficit	(103,137)	(65,671)
Total stockholders’ deficit	(75,397)	(37,931)
Total Liabilities and Stockholders’ Deficit
Series A Preferred Stock [Member]
Stockholders’ Deficit:
Preferred stock, value

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2023	Jul. 31, 2022
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	10,133,284
Common stock, shares outstanding	10,133,284	10,133,284
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	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Operating expenses:
General and administrative	$ 12,662	$ 4,551	$ 37,466	$ 24,703
Total operating expenses	12,662	4,551	37,466	24,703
Loss from operations	(12,662)	(4,551)	(37,466)	(24,703)
Net Loss	$ (12,662)	$ (4,551)	$ (37,466)	$ (24,703)
Loss per share, basic & diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding, basic & diluted	10,133,284	10,133,284	10,133,284	10,133,284

Condensed Statement of Changes

Condensed Statement of Changes in Stockholders' Deficit (Unaudited) - 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, 2021	$ 1		$ 100	$ (101)
Beginning, balance shares at Jul. 31, 2021	133,284	1,000
Contributions to capital			19,520		19,520
Net loss				(20,152)	(20,152)
Ending balance, value at Oct. 31, 2021	$ 1		19,620	(20,253)	(632)
Ending, balance shares at Oct. 31, 2021	133,284	1,000
Beginning balance, value at Jul. 31, 2021	$ 1		100	(101)
Beginning, balance shares at Jul. 31, 2021	133,284	1,000
Net loss					(24,703)
Ending balance, value at Jan. 31, 2022	$ 1		24,520	(24,804)	(282)
Ending, balance shares at Jan. 31, 2022	133,284	1,000
Beginning balance, value at Oct. 31, 2021	$ 1		19,620	(20,253)	(632)
Beginning, balance shares at Oct. 31, 2021	133,284	1,000
Contributions to capital			4,901		4,901
Net loss				(4,551)	(4,551)
Ending balance, value at Jan. 31, 2022	$ 1		24,520	(24,804)	(282)
Ending, balance shares at Jan. 31, 2022	133,284	1,000
Beginning balance, value at Jul. 31, 2022	$ 101		27,639	(65,671)	(37,931)
Beginning, balance shares at Jul. 31, 2022	10,133,284
Net loss				(24,804)	(24,804)
Ending balance, value at Oct. 31, 2022	$ 101		27,639	(90,475)	(62,735)
Ending, balance shares at Oct. 31, 2022	10,133,284
Beginning balance, value at Jul. 31, 2022	$ 101		27,639	(65,671)	(37,931)
Beginning, balance shares at Jul. 31, 2022	10,133,284
Net loss					(37,466)
Ending balance, value at Jan. 31, 2023	$ 101		27,639	(103,137)	(75,397)
Ending, balance shares at Jan. 31, 2023	10,133,284
Beginning balance, value at Oct. 31, 2022	$ 101		27,639	(90,475)	(62,735)
Beginning, balance shares at Oct. 31, 2022	10,133,284
Net loss				(12,662)	(12,662)
Ending balance, value at Jan. 31, 2023	$ 101		$ 27,639	$ (103,137)	$ (75,397)
Ending, balance shares at Jan. 31, 2023	10,133,284

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended
	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2023	Jan. 31, 2022
Cash Flows from Operating Activities:
Net loss	$ (12,662)	$ (24,804)	$ (4,551)	$ (20,152)	$ (37,466)	$ (24,703)
Changes in Operating Assets and Liabilities:
Accounts payable					68	282
Net cash used by operating activities					(37,398)	(24,421)
Cash Flows from Financing Activities:
Contributions to capital by controlling shareholder					37,398	24,421
Net cash provided by financing activities					37,398	24,421
Net change in cash
Cash, at beginning of period
Cash, at end of period
Supplemental Non-Cash Disclosure:
Cash paid for interest
Cash paid for taxes

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jan. 31, 2023
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 January 31, 2023, the Company has not commenced any operations. All activity for the period from July 8, 2021 (inception) through January 31, 2023, 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	6 Months Ended
	Jan. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s unaudited condensed 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 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 July 31, 2023. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2022. 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 no 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	6 Months Ended
	Jan. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN These unaudited 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 January 31, 2023, the Company has not yet achieved profitable operations, has accumulated losses of $ 103,137 no

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jan. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 - RELATED PARTY TRANSACTIONS During the six months ended January 31, 2023, Reddington Partners LLC, the majority shareholder, advanced the Company $ 37,398 75,046

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jan. 31, 2023
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

PREFERRED STOCK

PREFERRED STOCK	6 Months Ended
	Jan. 31, 2023
Equity [Abstract]
PREFERRED STOCK	NOTE 6 – PREFERRED STOCK The Company has authorized 20,000,000 0.00001 Of the authorized preferred stock 1,000 10,000 100,000 On June 8, 2022, the Reddington Partners LLC converted the Series A Preferred Shares into 10,000,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jan. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 - 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 no material subsequent events exist.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jan. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company’s unaudited condensed 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 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 July 31, 2023. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2022.
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 no
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.

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative) - USD ($)	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
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 ($)	6 Months Ended
	Jan. 31, 2023	Jul. 31, 2022
Accounting Policies [Abstract]
Cash equivalents
Dilutive shares of common stock	0	0

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Jan. 31, 2023	Jul. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 103,137	$ 65,671
Working capital	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Jan. 31, 2023	Jul. 31, 2022
Loans payable current	$ 75,047	$ 37,649
Reddington Partners LLC [Member]
General operating expenses	37,398
Loans payable current	$ 75,046

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - $ / shares	Feb. 24, 2022	Jan. 31, 2023	Jul. 31, 2022
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	6 Months Ended
	Jan. 31, 2023	Jul. 31, 2022	Jun. 08, 2022	May 11, 2022
Class of Stock [Line Items]
Preferred stock, shares designated	20,000,000	20,000,000
Preferred stock, par value	$ 0.00001	$ 0.00001
Common Stock [Member]
Class of Stock [Line Items]
Number of preferred stock convertible				10,000,000
Reddington Partners LLC [Member] | Common Stock [Member]
Class of Stock [Line Items]
Number of preferred stock convertible			10,000,000
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