Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Mar. 31, 2015 | |
Document And Entity Information | |
Entity Registrant Name | Admiral Financial Corp |
Entity Central Index Key | 828530 |
Document Type | 10-Q |
Document Period End Date | 31-Mar-15 |
Amendment Flag | FALSE |
Current Fiscal Year End Date | -24 |
Is Entity a Well-known Seasoned Issuer? | No |
Is Entity a Voluntary Filer? | No |
Is Entity's Reporting Status Current? | Yes |
Entity Filer Category | Smaller Reporting Company |
Entity Common Stock, Shares Outstanding | 10,987,000 |
Document Fiscal Period Focus | Q3 |
Document Fiscal Year Focus | 2015 |
Balance_Sheets
Balance Sheets (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
CURRENT ASSETS | ||
Cash | $0 | $0 |
Prepaid expenses and other assets | 0 | 0 |
Net assets of Haven Federal Savings and Loan Association | 0 | 0 |
Total assets | 0 | 0 |
CURRENT LIABILITIES | ||
Accrued expenses and other current liabilities | 24,000 | 24,000 |
Net liabilities of Haven Federal Savings and Loan Association | 0 | 0 |
Total liabilities | 24,000 | 24,000 |
SHAREHOLDERS DEFICIT | ||
Preferred stock, $0.01 par value, Authorized 6,000,000 shares; none outstanding | ||
Common stock, $.001 par value, 50,000,000 shares authorized, 10,987,000 shares issued | 11,000 | 11,000 |
Treasury stock, 1,954 and 1,954 shares; at cost | 0 | 0 |
Additional paid in capital | 681,000 | 681,000 |
Deficit | -716,000 | -716,000 |
Total shareholders (deficit) equity | -24,000 | -24,000 |
Total liabilities and shareholders (deficit) equity | $0 | $0 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
Statement of Financial Position [Abstract] | ||
Preferred shares, par value | $0.01 | $0.01 |
Preferred shares, shares authorized | 6,000,000 | 6,000,000 |
Preferred shares, issued and outstanding | 0 | 0 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common Stock, shares issued | 10,987,000 | 10,987,000 |
Common stock, shares outstanding | 10,987,000 | 10,987,000 |
Treasury Stock, shares issued | 1,954 | 1,954 |
Statements_of_Operations
Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | |
Income | ||||
Interest income | $0 | $0 | $0 | $0 |
Other, net | 0 | 0 | 0 | 0 |
Total income | 0 | 0 | 0 | 0 |
Expenses | ||||
Employee compensation | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 |
Total expenses | 0 | 0 | 0 | 0 |
Loss from discontinued operation | 0 | 0 | 0 | 0 |
Net loss | 0 | 0 | 0 | 0 |
Loss per share | $0 | $0 | $0 | $0 |
Dividend per share | $0 | $0 | $0 | $0 |
Weighted average number of shares outstanding | 10,985,046 | 10,985,046 | 10,985,046 | 10,985,046 |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 9 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Statement of Cash Flows [Abstract] | ||
Net loss | $0 | $0 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Decrease in deficit arising from confiscation of Haven Federal after retroactive disallowance of agreed supervisory goodwill and regulatory capital | 0 | 0 |
Decrease in pre-paid expenses and other assets | 0 | 0 |
Decrease (increase) in net assets of Haven Federal | 0 | 0 |
(Decrease) in accrued expenses and other liabilities | 0 | 0 |
(Decrease) Increase in net liabilities of Haven Federal | 0 | 0 |
Amortization of organization expenses | 0 | 0 |
Net cash provided (used) by operating activities | 0 | 0 |
Cash and cash equivalents, at beginning of the period | 0 | |
Cash and cash equivalents, at end of the period | $0 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended | |
Mar. 31, 2015 | ||
Basis Of Presentation | ||
Basis of Presentation | Note 1. | In the opinion of management, the accompanying consolidated financial statements contain all the adjustments necessary to present fairly the financial statements of Admiral Financial Corp. ('Admiral') and Subsidiary. |
Additional_Financial_Informati
Additional Financial Information | 9 Months Ended | |
Mar. 31, 2015 | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Additional Financial Information | Note 2. | The net assets of Admiral’s principal operating subsidiary, Haven Federal Savings and Loan Association ('Haven'), and net liabilities are presented in the balance sheets in the aggregate; and its loss is shown in the aggregate in the Statements of Operations for the three and nine month periods ended March 31, 2015 and 2014. |