TWVL 10-1 F/S, they already have 27,257,000 shares outstanding, assets are $54 rotfl!! - they can buy a shovel and start digging :
TWIN VENTURES LTD.
(an exploration stage company)
BALANCE SHEET
As of March 31, 2004 and December 31, 2003
ASSETS
------
CURRENT ASSETS 3/31/2004 12/31/2003
-------------- --------------- ---------------
Cash $ 54 $ 76
--------------- ---------------
Total Current Assets 54 76
--------------- ---------------
TOTAL ASSETS $ 54 $ 76
=============== ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
CURRENT LIABILITIES
-------------------
Accounts payable $ 2,650 $ 1,800
Accrued expenses & short term contract payable 4,825 4,825
--------------- ---------------
Total Current Liabilities 7,475 6,625
LONG-TERM LIABILITIES
---------------------
Contract payable - the "Ritz Claim" 15,000 15,000
--------------- ---------------
TOTAL LIABILITIES 22,475 21,625
--------------- ---------------
STOCKHOLDERS' EQUITY
--------------------
Common Stock, $.0001 par value
Authorized: 50,000,000
Issued: 27,200,000 and 27,257,000, respectively 2,726 2,726
Additional paid in capital 129,524 129,524
Preferred stock, $.0001 par value
Authorized: 10,000,000 Issued: none -- --
Stock subscription receivable -- --
Accumulated deficit during exploration stage (154,673) (153,799)
--------------- ---------------
Total Stockholders' Equity (22,423) (21,549)
--------------- ---------------
TOTAL LIABILITIES AND EQUITY $ 52 $ 76
=============== ==============
F-1
TWIN VENTURES LTD.
(an exploration stage company)
STATEMENT OF OPERATIONS
For the three months ending March 31, 2004 and 2003,
and from inception (November 6, 2002) through December 31, 2003
FROM
3/31/2004 3/31/2003 INCEPTION
--------------- ------------------------------
REVENUE $ - $ - $ -
-------
COST OF SERVICES - - -
----------------
--------------- ------------------------------
GROSS PROFIT OR (LOSS) - - -
----------------------
GENERAL AND ADMINISTRATIVE EXPENSES 874 680 121,173
-----------------------------------
GENERAL EXPLORATION - - 33,500
-------------------
--------------- ------------------------------
OPERATING INCOME (874) (680) (154,673)
----------------
--------------- ------------------------------
ACCUMMULATED DEFICIT $ (874) $ (680) $ (154,673)
--------------------
=============== ==============================
Earnings (loss) per share, basic and diluted $ (0) $ (0)
--------------------------------------------
Weighted average number of common shares 27,257,000 27,242,750
----------------------------------------
AI
