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 September 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 quarter ended June 30,
2001 and for the period July 11, 1997 (inception) through January
31, 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 ans 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 world-wide 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
SEPTEMBER 30, 2001 FINANCIAL STATEMENTS
(PREPARED BY MANGEMENT)
THE BERKSHIRE COLLECTION INC.
(A DEVELOPMENT STATE ENTERPRISE)
BALANCE SHEET
AS AT SEPTEMBER 30, 2001
(PREPARED BY MANAGEMENT)
ASSETS
CURRENT ASSETS $ 0
TOTAL ASSETS
0
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
DUE TO A RELATED PARTY 1100
TOTAL CURRENT LIABILITIES 1100
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 ( 3,855)
TOTAL STOCKHOLDERS' EQUITY ( 1100)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 0
SEE ATTACHED NOTES
THE BERKSHIRE COLLECTION INC.
(A DEVELOPMENT STAGE ENTERPRISE)
STATEMENT OF OPERATIONS
FOR THE THREE MONTHS AND NINE MONTHS PERIODS
ENDING SEPTEMBER 30, 2001
(PREPARED BY MANAGEMENT)
THREE MONTHS NINE MONTHS
REVENUES $ 0 $ 0
OPERATING EXPENSES
MANAGEMENT FEES 400 1100
TOTAL OPERATING EXPENSES 400 1100
NET (LOSS) FOR THE PERIOD ( 400) ( 1100)
NET LOSS PER SHARE $( 0.00) $( 0.00)
WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING 851,000 851,000
SEE ATTACHED NOTES
THE BERKSHIRE COLLECTION INC.
(A DEVELOPMENT STAGE ENTERPRISE)
STATEMENT OF CASH FLOWS
FOR THE NINE MONTH PERIOD ENDING SEPTEMBER 30, 2001
(PREPARED BY MANAGEMENT)
CASH FLOWS FROM (TO) OPERATIONS
NET (LOSS) FOR THE PERIOD $ ( 1100)
NON-WORKING CAPITAL ITEMS
NET INCREASE INAMOUNJTS
DUE TO RELATED PARTY 1100
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 a total of
$1,100 to pay for accounting and filing expenses. The amount is
secured by a promissory note and bears interest of four percent per
annum calculated and paid annually.