Cover
Cover - shares | 3 Months Ended | |
Sep. 30, 2023 | Nov. 14, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2023 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2024 | |
Current Fiscal Year End Date | --06-30 | |
Entity File Number | 000-55849 | |
Entity Registrant Name | LEGACY VENTURES INTERNATIONAL, INC | |
Entity Central Index Key | 0001616788 | |
Entity Tax Identification Number | 30-0826318 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | Unit 01, 82/F. International Commerce Centre | |
Entity Address, Address Line Two | 1 Austin Road West | |
Entity Address, City or Town | Kowloon | |
Entity Address, Country | HK | |
City Area Code | +852 | |
Local Phone Number | 3960 6394 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 50,315,064 |
Interim Condensed Balance Sheet
Interim Condensed Balance Sheets (Unaudited) - USD ($) | Sep. 30, 2023 | Jun. 30, 2023 |
Current assets | ||
Cash | $ 842 | $ 1,678 |
Prepayment | 509 | 509 |
Total assets | 1,351 | 2,187 |
Current liabilities | ||
Accounts payable and accrued liabilities | 35,510 | 38,602 |
Total liabilities | 80,678 | 74,770 |
Stockholders’ deficiency | ||
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized: Preferred Stock – no shares issued and outstanding September 30, 2023, and June 30, 2023 | ||
Common Stock, $0.0001 par value; 100,000,000 shares authorized: Common Stock – 50,315,064 shares issued and outstanding September 30, 2023 and June 30, 2023 | 5,032 | 5,032 |
Additional paid in capital | 6,429,771 | 6,429,771 |
Accumulated deficit | (6,514,130) | (6,507,386) |
Total stockholders’ deficiency | (79,327) | (72,583) |
Total liabilities and stockholders’ deficiency | 1,351 | 2,187 |
Shareholder [Member] | ||
Current liabilities | ||
Advances from a shareholder | $ 45,168 | $ 36,168 |
Interim Condensed Balance She_2
Interim Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Sep. 30, 2023 | Jun. 30, 2023 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 50,315,064 | 50,315,064 |
Common stock, shares outstanding | 50,315,064 | 50,315,064 |
Interim Condensed Statements of
Interim Condensed Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Operating expenses | ||
Professional fees | $ 5,500 | $ 8,296 |
Other general and administration expenses | 1,244 | 1,371 |
Loss from operations | (6,744) | (9,667) |
Other expenses | ||
Bank charges and other | (146) | |
Total other expenses | (146) | |
Loss before taxes | (6,744) | (9,813) |
Net loss and comprehensive loss | $ (6,744) | $ (9,813) |
Net (loss) income per share - basic | $ 0 | $ 0 |
Net (loss) income per share - diluted | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic | 50,315,064 | 50,315,064 |
Weighted average number of common shares outstanding - diluted | 50,315,064 | 50,315,064 |
Interim Condensed Statements _2
Interim Condensed Statements of Stockholders' Deficiency (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Balance | $ (72,583) | $ (10,704) |
Net loss | (6,744) | (9,813) |
Balance | (79,327) | (20,517) |
Common Stock [Member] | ||
Balance | $ 5,032 | $ 5,032 |
Balance, shares | 50,315,064 | 50,315,064 |
Net loss | ||
Balance | $ 5,032 | $ 5,032 |
Balance, shares | 50,315,064 | 50,315,064 |
Additional Paid-in Capital [Member] | ||
Balance | $ 6,429,771 | $ 6,429,771 |
Net loss | ||
Balance | 6,429,771 | 6,429,771 |
Retained Earnings [Member] | ||
Balance | (6,507,386) | (6,445,507) |
Net loss | (6,744) | (9,813) |
Balance | $ (6,514,130) | $ (6,455,320) |
Interim Condensed Statements _3
Interim Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (6,744) | $ (9,813) |
Changes in non-cash operating assets and liabilities | ||
Accounts payable and accrued liabilities | (3,092) | (6,748) |
Net cash flows used in operating activities | (9,836) | (16,561) |
CASH FLOWS FROM FINANCING ACTIVITY: | ||
Advances from a shareholder | 9,000 | |
Net cash flows provided by financing activity | 9,000 | |
Decrease in cash | (836) | (16,561) |
Cash, beginning of period | 1,678 | 21,017 |
Cash, end of period | 842 | 4,456 |
Cash payments for: | ||
Interest | ||
Income taxes |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 3 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Legacy Ventures International, Inc. (“Legacy” or the “Company”), was incorporated on March 4, 2014 under the laws of the State of Nevada. The Company currently has no ongoing operations except for the incurring of general and administrative expenditures. |
GOING CONCERN AND BASIS OF PRES
GOING CONCERN AND BASIS OF PRESENTATION | 3 Months Ended |
Sep. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN AND BASIS OF PRESENTATION | NOTE 2 – GOING CONCERN AND BASIS OF PRESENTATION The Company’s audited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. As of September 30, 2023, the Company has a working capital deficiency of $ 79,327 72,583 6,514,130 6,507,386 |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS | 3 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS | NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS SIGNIFICANT ACCOUNTING POLICIES The Company’s significant accounting policies have not changed from the year ended June 30, 2023. The accompanying unaudited condensed interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10–Q and Rule 10 of Regulation S–X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these unaudited condensed interim financial statements. These unaudited condensed interim financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10–K for the fiscal year ended June 30, 2023, as filed with the SEC on September 28, 2023. Operating results for the three months ended September 30, 2023, are not necessarily indicative of the results that may be expected for any subsequent quarter or for the year ending June 30, 2024. LEGACY VENTURES INTERNATIONAL, INC. NOTES TO THE UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS (Expressed in US dollars) (Unaudited) |
RELATED PARTY ADVANCES AND BALA
RELATED PARTY ADVANCES AND BALANCES, AND ADVANCES FROM THIRD PARTIES | 3 Months Ended |
Sep. 30, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY ADVANCES AND BALANCES, AND ADVANCES FROM THIRD PARTIES | NOTE 4 – RELATED PARTY ADVANCES AND BALANCES, AND ADVANCES FROM THIRD PARTIES For the three months ended September 30, 2023, there is an advance from a shareholder of $ 9,000 no 45,168 36,168 |
BASIC AND DILUTED NET INCOME (L
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE | 3 Months Ended |
Sep. 30, 2023 | |
Earnings Per Share [Abstract] | |
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE | NOTE 5 - BASIC AND DILUTED NET INCOME (LOSS) PER SHARE The Company follows ASC Topic 260 to account for the income (loss) per share. Basic income (loss) per common share (“EPS”) calculations are determined by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted income (loss) per common share calculations are determined by dividing net loss by the weighted average number of common shares and dilutive common share equivalents (if dilutive) outstanding. All dilutive common share equivalents were anti-dilutive for the three months ended September 30, 2023 and 2022. |
COMMON AND PREFERRED STOCK TRAN
COMMON AND PREFERRED STOCK TRANSACTIONS | 3 Months Ended |
Sep. 30, 2023 | |
Equity [Abstract] | |
COMMON AND PREFERRED STOCK TRANSACTIONS | NOTE 6 - COMMON AND PREFERRED STOCK TRANSACTIONS As of September 30, 2023, the Company was authorized to issue 10,000,000 0.0001 100,000,000 0.0001 There were no common stock transactions for the three months ended September 30, 2023 and 2022. As of September 30, 2023, and June 30, 2023, the Company had 50,315,064 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Sep. 30, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 7 - SUBSEQUENT EVENTS In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before the financial statements are issued, the Company has evaluated all events or transactions that occurred after September 30, 2023 up through the date the Company issued the financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.” |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Policies) | 3 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | SIGNIFICANT ACCOUNTING POLICIES The Company’s significant accounting policies have not changed from the year ended June 30, 2023. The accompanying unaudited condensed interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10–Q and Rule 10 of Regulation S–X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these unaudited condensed interim financial statements. These unaudited condensed interim financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10–K for the fiscal year ended June 30, 2023, as filed with the SEC on September 28, 2023. Operating results for the three months ended September 30, 2023, are not necessarily indicative of the results that may be expected for any subsequent quarter or for the year ending June 30, 2024. |
GOING CONCERN AND BASIS OF PR_2
GOING CONCERN AND BASIS OF PRESENTATION (Details Narrative) - USD ($) | Sep. 30, 2023 | Jun. 30, 2023 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficit | $ 79,327 | $ 72,583 |
Accumulated deficit | $ 6,514,130 | $ 6,507,386 |
RELATED PARTY ADVANCES AND BA_2
RELATED PARTY ADVANCES AND BALANCES, AND ADVANCES FROM THIRD PARTIES (Details Narrative) - USD ($) | 3 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | |
Related Party Transaction [Line Items] | |||
Advances from a shareholder | $ 9,000 | ||
Shareholder [Member] | |||
Related Party Transaction [Line Items] | |||
Advances from a shareholder | 9,000 | $ 0 | |
Due to shareholder | $ 45,168 | $ 36,168 |
COMMON AND PREFERRED STOCK TR_2
COMMON AND PREFERRED STOCK TRANSACTIONS (Details Narrative) - $ / shares | Sep. 30, 2023 | Jun. 30, 2023 |
Equity [Abstract] | ||
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares issued | 50,315,064 | 50,315,064 |
Common stock, shares outstanding | 50,315,064 | 50,315,064 |