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Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
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Western Lucrative Enterprises Form EXCEL

2016-01-26 sec.gov
begin 644 Financial_Report.xlsx M4$L#!!0 ( #Q1.4B;[email protected]&80$ +,) 3 6T-O;G1E;G1?5'EP97-= M+GAM;,U6RV[",!#\%91K10RTI0\!E])KB]3^@&MOB(5?LDV O^\[email protected]&:04M MD7R)X\SNS-B[MC)YWUGPO:V2VD^S,@3[2(AG)2CJ$*\:RWH"Z\4(449"M)#>R?PSSBY#*"[email protected])< 0.W:8:H/TFAF?B;,Z%BT:Q>?LN( M\S^NI;&)E9)S1S>B(5!U5J8XYHH*W5:JC7&K#V-6EVP3B*OBP/O68: +HJ5+ M,'B!J"=(_2_M8ZL:_W^4]%KT)-Z MZ/"2.,O'*!$?UXGXN$G$QVTB/L:)^+A+Q,=](CX>$O$Q'!R-D/I?;?8)4$L# M!!0 ( #Q1.

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Note G - Related Party Transactions 9 Months Ended Sep. 30, 2015 Notes   Note G - Related Party Transactions NOTE G – RELATED PARTY TRANSACTIONS   The holder (Millenium Group, Inc.) of the $10,000 convertible note is owned by Jonathan Mork who is a son of Dempsey Mork, the owner of Orion Investment which holds more than 5% of the common shares from the Company.   The holder (Magellan Capital Partners) of the $6,000 convertible note is owned by Dempsey Mork owner of MCC Profit Sharing

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Note E - Common Stock 9 Months Ended Sep. 30, 2015 Notes   Note E - Common Stock NOTE E – COMMON STOCK   The Company's articles of incorporation provide for the authorization of seven hundred and fifty million (750,000,000) shares of common stock with par values of $0.001. Common stock holders have all the rights and obligations that normally pertain to stockholders of Iowa corporations.

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Note D - Income Tax 9 Months Ended Sep. 30, 2015 Notes   Note D - Income Tax NOTE D – INCOME TAX   The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Under ACS 740 “Income Taxes,” when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit.

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Debt Disclosure 9 Months Ended Sep. 30, 2015 Notes   Debt Disclosure   NOTE C – NOTES PAYABLE & DEBT DISCOUNTS   On December 31, 2013, the Company issued two new Convertible Notes in the amounts of $6,000 and $1,500 to Magellan Capital Partners, Inc. and Savile Town Investments, Inc. respectively.   The chart below summarizes the term of the Notes Payable & Debt Discounts of the Company as of September 30, 2015.

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Substantial Doubt about Going Concern 9 Months Ended Sep. 30, 2015 Notes   Substantial Doubt about Going Concern   The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an establish

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Note A - Summary of Significant Accounting Policies 9 Months Ended Sep. 30, 2015 Notes   Note A - Summary of Significant Accounting Policies NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies of Western Lucrative Enterprises, Inc. (A Development Stage Company) (the “Company”) is presented to assist in understanding the Company’s financial statements.

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Note E - Common Stock 6 Months Ended Jun. 30, 2015 Notes   Note E - Common Stock NOTE E – COMMON STOCK   The Company's articles of incorporation provide for the authorization of seven hundred and fifty million (750,000,000) shares of common stock with par values of $0.001. Common stock holders have all the rights and obligations that normally pertain to stockholders of Iowa corporations.

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Note D - Income Tax 6 Months Ended Jun. 30, 2015 Notes   Note D - Income Tax NOTE D – INCOME TAX   The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Under ACS 740 “Income Taxes,” when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit.

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Note C - Notes Payable & Debt Discounts 6 Months Ended Jun. 30, 2015 Notes   Note C - Notes Payable & Debt Discounts NOTE C – NOTES PAYABLE & DEBT DISCOUNTS   On December 31, 2013, the Company issued two new Convertible Notes in the amounts of $6,000 and $1,500 to Magellan Capital Partners, Inc. and Savile Town Investments, Inc. respectively.   The chart below summarizes the term of the Notes Payable & Debt Discounts of the Company as of June 30, 2014.

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Note B - Going Concern 6 Months Ended Jun. 30, 2015 Notes   Note B - Going Concern NOTE B - GOING CONCERN   The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an established sour

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Accounting Policies 6 Months Ended Jun. 30, 2015 Notes   Accounting Policies Use of Estimates The preparation of financial statements in accounting principles generally accepted in the United States of America 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 per

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 Organization, Nature of Business and Trade Name 6 Months Ended Jun. 30, 2015 Notes   Organization, Nature of Business and Trade Name Organization, Nature of Business and Trade Name The Company was incorporated in the State of Iowa on July 14, 2008 and has as a principal business objective of becoming an online landscape design, construction, and consulting service. The Company intends to develop procedures to make the information given to a prospective purchaser as accurate as possibl

 
Western Lucrative Enterprises Form XML

2016-01-26 sec.gov
v3.3.1.900 WESTERN LUCRATIVE ENTERPRISES, INC- STATEMENTS OF CASH FLOWS - USD ($) 6 Months Ended 84 Months Ended Jun. 30, 2015 Jun. 30, 2014 Jun. 30, 2015 Cash flows from operating activities:       Net loss $ (1,512) $ (313) $ (106,458) Adjustments to reconcile net loss to net cash used in operating activities:       Non-cash interest - beneficial conversion feature     616 Increase (decrease) in accounts payable 1,200   14,411 Increase in other liabilities $ 312 313 6,152 Net cash used in oper

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