United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10 Q SB
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT
For the quarterly period ended June 30, 2001
Commission File Number
THE BERKSHIRE COLLECTION INC.
Exact name of small business issuer as specified in its charter
Colorado 98 - 0219211
(State or other jurisdiction of IRS Employer Identification
Incorporation or organization) Number
3266 Yonge Street, Suite 1208, Toronto, Ontario M4N 3P6 Canada
(Address if principal executive offices)
(416) 962-4508
Issuer's telephone number
NA
(Former name, former address and former fiscal year if
changed since last report)
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PAST FIVE YEARS
Check whether the registrant filled all documents and reports required
To be filed by Section 12, 13 or 15D of the Exchange Act after the
Distribution of Securities under a plan confirmed by a court.
Yes ____ No ____
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the Issuer's
common equity as of the last practicable date: 851,000
Transitional Small Business Disclosure Format check one)
Yes ___ No
PART I
FINANCIAL INFORMATION
Item 1. Financial Statements
The un-audited financial statements for the five months
ended June 30, 2001 are attached hereto as Exhibit A.
Item 2. Management's Discussion and Analysis or plan
of Operation
(a) Plan of Operation
The Berkshire Collection Inc. was incorporated in the State
of Delaware on July 11, 1997 and is in the early
developmental and promotional stages. To date, our only
activities have been organizational, raising our initial
capital and developing the business plan. We have not
commenced commercial operations. We have no full time
employees and own no real estate.
Berkshire through its website www.berkshirecollections.com
plans to operate a marketing and sales facility on the
Internet and by direct mail to merchandise a complete line
of jewelry direct to the consumer.
Our business plan is to first establish which type of
product we should be marketing - high-end, medium or low-
priced or a complete range of the above. Berkshire intends
to sell jewelry at extremely attractive discount prices to
its customers. Besides buying and selling on our own
account we plan on selling the jewelry products of several
manufacturers on an agency basis with orders being drop
shipped directly to the buyers.
Berkshire intends to develop and market an Internet and
direct mail application that enables potential buyers to buy
at prices that would be difficult to duplicate by a
traditional jeweler. We will be able to expose a wide
variety of goods to a worldwide market.
Berkshire intends to establish an economic model that will
be superior to traditional marketing. We will be able to
provide a transaction service that eliminates much of the
traditional cost of sales while providing better prices to
the consumer.
The objective is to create an Internet portal site that
functions as a search engine, a software application that
enables the user to locate information from a data base or
other archive.
(b) Management's Discussion and Analysis of Financial
Condition and Results of Operations
The registrant is a development stage enterprise and has not
had any revenue since inception. As of June 30, 2001 the
Company had no cash and zero total assets. Management is
seeking additional funding in order to implement the
business plan.
PART II
OTHER INFORMATION
Item 1. Legal Proceedings
None
Item 2. Changes in Securities
None
Item 3. Defaults Upon Senior Securities
Not applicable
Item 4. Submission of Matters to a Vote of Securities
Holders
None
Item 6. Exhibits and Reports on Form 8K
None
SIGNATURES
In accordance with the requirements of the Exchange Act the
registrant caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.
THE BERKSHIRE COLLECTION INC.
Dated: April 30, 2002 /S/ Sandy Winick,
Sandy Winick, President
EXHIBIT A
JUNE 30, 2001 FINANCIAL STATEMENTS
(PREPARED BY MANAGEMENT)
THE BERKSHIRE COLLECTION INC.
(A DEVELOPMENT STATE ENTERPRISE)
BALANCE SHEET
AS AT JUNE 30, 2001
(PREPARED BY MANAGEMENT)
ASSETS
CURRENT ASSETS $ 0
TOTAL ASSETS 0
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
DUE TO A RELATED PARTY 700
TOTAL CURRENT LIABILITIES 700
STOCKHOLDERS' EQUITY
COMMON STOCK $0.001 PAR VALUE
50,000,000 AUTHORIZED, 851,000 ISSUED
AND OUTSTANDING 851
ADDITIONAL PAID-IN CAPITAL 1,904
PREFERRED STOCK $0.001 PAR VALUE
20,000,000 SHARES AUTHORIZED, NONE 0
OUTSTANDING
DEFICIT ACCUMULATED DURING
THE DEVELOPMENT STAGE ( 3,455)
TOTAL STOCKHOLDERS' EQUITY ( 700)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 0
SEE ATTACHED NOTES
THE BERKSHIRE COLLECTION INC.
(A DEVELOPMENT STAGE ENTERPRISE)
STATEMENT OF OPERATIONS
FOR THE FIVE MONTH PERIOD ENDING JUNE 30, 2001
(PREPARED BY MANAGEMENT)
REVENUES $ 0
OPERATING EXPENSES
MANAGEMENT FEES 700
TOTAL OPERATING EXPENSES 700
NET (LOSS) FOR THE PERIOD ( 700)
WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING 851,000
NET LOSS PER SHARE $ ( 0.00)
SEE ATTACHED NOTES
THE BERKSHIRE COLLECTION INC.
(A DEVELOPMENT STAGE ENTERPRISE)
STATEMENT OF CASH FLOWS
FOR THE FIVE MONTH PERIOD ENDING JUNE 30, 2001
(PREPARED BY MANAGEMENT)
CASH FLOWS FROM (TO) OPERATIONS
NET (LOSS) FOR THE PERIOD $ (700)
NON-WORKING CAPITAL ITEMS
NET INCREASE INAMOUNJTS
DUE TO RELATED PARTY 700
TOTAL CASH FLOWS FROM (TO) OPERATIONS 0
CASH FLOWS FROM (TO) INVESTMENT ACTIVITIES 0
CASH FLOWS FROM (TO) FINANCING ACTIVITIES 0
NET INCREASE (DECREASE IN CASH FOR THE PERIOD 0
CASH BEGINNING OF THE PERIOD 0
CASH END OF THE PERIOD $ 0
SEE ATTACHED NOTES
NOTES TO FINANCIAL STATEMENTS
(PREPARED BY MANAGEMENT)
NOTE 1 - BASIS OF PRESENTATION
The accompanying Financial Statements have been prepared in
accordance with US Securities and Exchange Commission
("SEC") requirements for interim financial statements.
Therefore, they do not include all of the information and
footnotes required by generally accepted accounting
principles for complete financial statements. These
financial statements should be read in conjunction with the
year ended December 31, 2000 financial statements of The
Berkshire Collection Inc. ("Registrant")
The results of operations for the interim period shown in
this report are not necessarily indicative of the results to
be expected for a full year. In the opinion of management
the information contained herein reflects all adjustments
necessary to make the results of operations for the interim
periods a fair statement of such operations. All such
adjustments are of a normal recurring nature.
NOTE 2 - DUE TO RELATED PARTY
The registrant's president, Sandy Winick has advanced the
sum of $700 to pay for accounting and filing expenses.