UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(MARK ONE)

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~March~~June 3130, 2013

o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-32574

GOLDEN GATE HOMES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	87-0745202
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

14P.O. ~~Wall~~Box ~~Street~~2490, ~~20th Floor~~Napa, ~~New~~California ~~York, New York 10005~~94558

(Address of principal executive offices)

(~~212~~707) ~~385~~255-~~0955~~9890

(Issuer’s telephone number)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one).

Large accelerated filer o Accelerated filer o ~~Non-accelerated filer o (Do not check if smaller reporting company) Smaller reporting company x~~

Non-accelerated filer o Smaller reporting company x

(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 3,837,688 common shares as of ~~May 7~~August 9, 2013.

Table of Contents

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION		Page
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	78
Item 3.	Qualitative and Quantitative Disclosures About Market Risk	89
Item 4T.	Controls and Procedures	89
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	910
Item 1A.	Risk Factors	910
Item 5.	Other Information
Item 2.	Unregistered Sales of Equity Securities	10
Item 6.	Exhibits	910
SIGNATURES		1011

Table of Contents

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

GOLDEN GATE HOMES, INC.

BALANCE SHEETS

(UNAUDITED)

	March 31, 2013			December 31, 2012
	June 30, 2013			December 31, 2012
ASSETS
Current assets:
Cash	$	4151,~~932~~926		$	34,854
Rental guarantee advances		104,~~212~~674			6,052
Investment in house mortgage		34,900			-
Investment in House Mortgage		34,900			-
Prepaid Expenses and other current assets		68,~~060~~014			6,060
Total Assets	$	56199,~~104~~514		$	46,966
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	1617,~~276~~682		$	15,899
Guarantee accrued expenses & Other Liabilities		30,728			-
Guarantee accrued expenses and other liabilities		28,457			-
Total liabilities		4746,~~004~~139			15,899
Stockholders' equity
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, 0 issued and outstanding		-			-
Common stock, $0.0001 par value, 600,000,000 shares authorized, 3,837,688 shares issued and outstanding as of March 31, 2013 and December 31, 2012		384			384
Common stock, $0.0001 par value, 600,000,000 shares authorized, 3,837,688 shares issued outstanding as of June 30, 2013 and December 31, 2012, respectively		384			384
Paid-in capital		2,~~641~~874,~~697~~197			2,641,697
Accumulated deficit		(2,632,981	)		(2,611,014	)
Deficit accumulated during the development stage		(2,721,206	)		(2,611,014	)
Total Stockholders' equity		9153,~~100~~375			31,067
Total Liabilities and Stockholders' equity	$	56,104		$	46,966
Total Liabilities and Stockholders' equity (deficit)	$	199,514		$	46,966

See notes to unaudited financial statements.

Table of Contents

GOLDEN GATE HOMES, INC.

STATEMENTS OF ~~INCOME~~OPERATIONS

(Unaudited)

	Three Months Ended						Six Months Ended
	March 31, 2013			March 31, 2012
	June 30, 2013			June 30, 2012			June 30,2013			June 30, 2012
Brokerage and Fee Income	$	202,~~697~~341			~~754~~16,348		$	23,038		$	17,102
Operating Expenses:
General & Administrative		4290,~~664~~566			914,~~152~~025			133,230		$	23,177
Impairment of deferred transaction costs		-			-
Net operating income (loss)		(88,225	)		2,323			(110,192	)		(6,075	)
Operating income (loss)		(21,967	)		(8,398	)
Other income (expense):
Other income (expense):
Total Other income		-			-			-			-
Interest income		-			-
Net income (loss)		(88,225	)		2,323			(110,192	)		(6,075	)
Gain/(loss) on settlement of accounts payable		-			-
Income tax expense (benefit)		-			-			-			-
Total Other income		-			-
Net income (loss)	$	(88,225	)	$	2,323		$	(110,192	)	$	(6,075	)
Net loss	$	(21,967	)	$	(8,398	)
Earnings (loss) per common share Basic & Diluted	$	(0.02	)	$	0.00			(0.03	)		0.00
Net loss per common share Basic & Diluted	$	(0.01	)	$	0.00
Weighted average number of common shares outstanding Basic & Diluted		3,837,688			3,837,688			3,837,688			3,837,688
Weighted average number of common shares outstanding Basic & Diluted		3,837,688			3,837,791

See notes to unaudited financial statements.

Table of Contents

GOLDEN GATE HOMES, INC.

STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended
	Six Months Ended
	March 31, 2013			March 31, 2012
	June 30, 2013			June 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	(21110,~~967~~192	)	$	(86,~~398~~075	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Gain/(loss) on settlement of accounts payable		-			-
Change in:
Shares issued for services		-			-
Other current assets and prepaid expenses		(6,114	)		-
Change in operating assets and liabilities :
Accounts payable and accrued expenses		30,240			(5,719	)
Other current assets and prepaid expenses		(4,160	)
Net cash (used in) operating activities		(86,066	)		(11,794	)
Accounts payable and accrued expenses		31,105			2,793
Net cash provided by (used in) operating activities		4,978			(5,605	)
CASH FLOWS FROM INVESTING ACTIVITIES
Loans made to buyers		(34,900	)		-
Repayment on rental guarantee advances		-5,538			27,~~794~~100
Net cash provided by (used in) investing activities		(3429,~~900~~362	)		27,~~794~~100
Net change in cash		(29,922	)		(2,811	)
CASH FLOWS FROM FINANCING ACTIVITIES
Contributed Capital		232,500			-
Net cash provided by financing activities		232,500			-
Net change in cash		117,072			(4,694	)
Cash at beginning of period		34,854			45,120
Cash at end of period	$	4151,~~932~~926		$	4240,~~309~~426
Supplemental disclosures:
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

See notes to unaudited financial statements.

Table of Contents

GOLDEN GATE HOMES, INC.

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Golden Gate Homes, Inc. (hereinafter referred to as the "Company") have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”) filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented, have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the year ended December 31, 2012 as reported in the Form 10-K have been omitted.

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis of accounting which contemplates continuity of operations, realization of assets, liabilities, and commitments in the normal course of business. The accompanying financial statements do not reflect any adjustments that might result if the ~~Golden~~Company ~~Gate Homes, Inc.~~ is unable to continue as a going concern. The ~~Golden~~Company ~~Gate~~ has an accumulated deficit as of ~~March~~June 3130, 2013 with no significant revenues to cover its expenses for the near term.

Management believes ~~Golden~~the ~~Gate~~Company will need to raise capital in order to operate over the next 12 months. The ~~Golden Gate~~Company’s continuation as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis and ultimately to attain profitability. The ~~Golden~~Company ~~Gate~~ has limited capital with which to pursue its business plan. There can be no assurance that ~~Golden~~the ~~Gate~~Company’s future operations will be significant and profitable, or that ~~Golden~~the ~~Gate~~Company will have sufficient resources to meet its objectives. These conditions raise substantial doubt as to ~~Golden~~the ~~Gate~~Company’s ability to continue as a going concern. Management may pursue either debt or equity financing or a combination of both, in order to raise sufficient capital to meet ~~Golden~~the ~~Gate~~Company’s financial requirements over the next twelve months and to fund its business plan. There is no assurance that management will be successful in raising additional funds.

NOTE 3 – ~~RELATED~~RENTAL ~~PARTY~~GUARANTEE ~~TRANSACTIONS~~ADVANCES AND GUARANTEED ACCRUED EXPENSES

~~There~~The ~~was~~Company has twelve properties being managed under its property management program. The Company has provided rental guarantees for a period of one year for 7% of the purchase price of the property for eight of these properties, seven of which have now expired, and one-year rental guarantees of $01,925 ~~due~~per month for two other properties. Of the expired guarantees, one expired in the second quarter of 2013, for which the Company paid $2,693 to the ~~related~~property ~~party~~owner as a result of ~~March~~the 31guarantee. For one of the properties whose rental guarantee had expired in 2012, the Company had advanced as a promissory note one-half of the amount of such guarantee to the purchaser of the property to facilitate the original sale of the property. The terms of the promissory note required the purchaser to pay down the note from funds received from the rental of the property over a period of 14 months. The funds received from the rental from this property were insufficient to repay in full the funds advanced by the Company because a tenant defaulted on her rent. Under the terms of the rental guarantee, the risk for any shortfall was borne by the Company. However, the Company is currently pursuing collection efforts from the tenant for failure to pay rent on this property and expects the ultimate cost to the Company to be less than $1,500. With respect to the two properties with rental guarantees of $1,925 per month, the Company has reduced the guarantee liability reserve from $30,728 in the first quarter of 2013 to $28,457 as the guarantee liability has declined with the passage of time.

During the quarter, the Company purchased from Virtus Capital, a Florida based hedge fund affiliated with Mr. Gidumal, a second mortgage on one of the homes sold by the Company to one of our clients. As property values have increased in the state of the mortgage, the Company viewed the high interest rate and secured second loan position as an attractive investment. The loan was purchased at the original face amount of $34,900, has a 12.50% interest rate, and the mortgage holder has never missed a monthly payment. The loan matures in April 2014.

NOTE 4 – GUARANTEED ACCRUED EXPENSES

During the quarter, the Company sold two properties to overseas buyers and was required to issue one-year rent guarantees to buyers to facilitate the sales. The guarantees entitled the buyer to monthly payments of $1,925 per house if no rent was paid on the property during their first twelve months of ownership. If the monthly rent paid by a tenant was less than $1,925 each month, then Golden Gate would pay the owner the difference at the end of the one year guarantee period. One of the tenants at the sold properties has already been late in paying rent and to remove the tenant or to incur a month or months of no rent is a concern. To be conservative, the Company booked a guarantee liability reserve of $27,130 in the first quarter.

Table of Contents

NOTE 4 –CAPITAL CONTRIBUTIONS

Funds contributed to the Company through the entity that holds a controlling interest in the Company are treated as contributed capital and reflected in additional paid-in capital. The Company intends to issue shares of its common stock for these contributed funds at a price per share that will be based on the valuation of the Company’s equity by an independent valuation appraisal using the market price approach. $232,500 was contributed during the six months ended June 30, 2013.

NOTE 5 -- RELATED PARTY

In return for providing the Company with the use of certain office space for its headquarters in Napa, California, the Company has agreed to pay $3,200 per month, beginning in July 2103, on behalf of Great Western Holdings Inc., an entity that is owned in part by certain family trusts of Tim Wilkens, for which Mr. Wilkens serves as trustee, to the financial institution that is the holder of the mortgage debt outstanding on such office space. In addition, the Company has agreed to pay the annual loan modification fee to this financial institution for the outstanding mortgage debt, which was paid in June 2013 in the amount of $4,400. Other than Tim Wilkens, no other executive officer or director has a relationship with or interest in Great Western Holdings, Inc.

During the first quarter, the Company purchased from Virtus Capital, a Florida based hedge fund affiliated with Steven Gidumal, a second mortgage on one of the homes sold by the Company to one of our clients. As property values have increased in the state of the mortgage, the Company viewed the high interest rate and secured second loan position as an attractive investment. The loan was purchased at the original face amount of $34,900, has a 12.50% interest rate, and the mortgage holder has never missed a monthly payment. The loan matures in April 2014.

Table of Contents

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements on our current expectations and projections about future events, and we assume no obligation to update any such forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results to be materially different from any future results expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could, ""would," "expect," "plan," "anticipate," "believe," "estimate," "continue," or the negative of such terms or other similar expressions. Factors that might cause our future results to differ from those statements include, but are not limited to, those described in the section entitled "Risk Factors" of the Form 10-K. The following discussion should be read in conjunction with our condensed financial statements and related notes thereto included elsewhere in this report and with the section entitled "Risk Factors" of the Form 10-K.

OVERVIEW

The focus of Golden Gates Homes, Inc (the “Company”) ishas been on marketing high-quality, distressed residential properties in certain US markets (currently in California and Florida) to international buyers (primarily from Asia) through exclusive selling agreements or consignment arrangements. InHowever, the ~~event~~Company ~~that~~has ~~the~~not ~~Company~~been is successful in completing a major capital raising transaction, itto ~~will~~allow ~~also~~it ~~consider~~to ~~purchasing~~purchase similar assets for resale to the same target market, and has been unable to gain any traction in the marketplace. The Company's Board of Directors conducted preliminary internal discussions to determine the Company’s future direction. Before any determination was made, a change in control of the Company occurred on June 18, 2013, when TA Partners, Inc., a privately held Nevada corporation (“TAP”), acquired from the Company’s three largest stockholders and two other individuals an aggregate of 3,615,911 shares of the Company’s common stock, representing approximately 94.2% of the outstanding shares of the Company’s common stock and the controlling interest in the Company. In addition, in connection with this transaction, the Company formed a wholly owned subsidiary (the “Subsidiary”) and named Steven Gidumal, who was the Company’s sole officer and director prior to the change of control transaction, the sole director and sole officer of the Subsidiary. The Company assigned to the Subsidiary all of the Company’s asset management agreements, and the Subsidiary assumed all of the liabilities past, present and future with regard to such management contracts. As soon as the Company is able to do so without being required to obtain stockholder approval and to file a Current Report on Form 8-K reporting on the same, TAP shall cause the Company to assign to Mr. Gidumal all of the outstanding stock in the Subsidiary without any representations, warranties or indemnities, for nominal consideration.

InTAP ~~October~~purchased ~~2009,~~ the ~~Company~~shares ~~entered~~to ~~into~~pursue ana ~~exclusive~~business ~~marketing~~opportunity ~~agreement~~through ~~with~~the ~~Premier~~Company ~~Capital,~~that ~~Ltd.~~TAP ~~(“Premier~~has ~~Capital”)~~heretofore been developing. ~~Management~~More ~~believes~~information ~~that~~about ~~Premier~~this ~~Capital~~business isopportunity ~~one~~will ofbe ~~the~~contained ~~most~~in ~~reputable~~a ~~international~~Current ~~real~~Report ~~estate~~on ~~consulting~~Form ~~firms~~8-K to be filed in ~~Asia~~the future. In connection with the change in control, ~~and~~Tim isWilkens ~~highly~~was ~~regarded~~elected ~~for~~to ~~selling~~the ~~international~~Board, ~~properties~~to ~~throughout~~serve ~~China~~along ~~and~~with ~~other~~Steven ~~parts~~Gidumal, ofwho ~~Asia~~remained as the second director. ~~Premier~~Moreover, ~~Capital~~Steven ~~was~~Gidumal, ~~founded~~the inCompany’s ~~Hong~~only ~~Kong~~remaining inofficer, ~~1988~~resigned all of his positions, and ~~expanded~~the ~~into~~Company ~~China~~elected ina ~~1997.~~new slate of officers ItAfter ~~has~~the ~~offices~~Company incomplies ~~Hong~~with ~~Kong~~Section 14(f) of the Securities Exchange Act of 1934, ~~Beijing~~as amended, ~~Shanghai~~and Rule 14f-1 thereunder, ~~Guangzhou~~it intends to appoint Alexander Nistratov, the President and ~~Shenzhen~~sole director of TAP, to the ~~five~~Company’s ~~Asian~~Board ~~cities~~of Directors to replace Steven Gidumal, who is expected to resign from the Board in ~~which~~due course, and to enlist additional individuals to serve as members of the Company’s ~~markets~~Board ~~properties. Premier~~of ~~Capital~~Directors, ~~also~~all ~~has~~as ~~offices~~to be described in ~~Australia,~~an ~~Singapore~~Information ~~and~~Statement ~~New~~to ~~Zealand~~be filed in the future pursuant to the preceding Section and Rule.

~~Premier~~In ~~Capital~~addition, ~~acts~~TAP ashas contributed to the Company’s ~~agent~~an inadditional ~~Hong~~$232,500 ~~Kong~~as ~~and~~initial ~~mainland~~operating ~~China~~funds, which is currently being treated as additional paid-in capital. However, the Company intends to ~~market~~issue ~~properties~~to ~~that~~TAP ~~are~~shares ~~approved~~of byCommon ~~Premier~~Stock ~~Capital~~in ~~and~~exchange for ~~which~~these funds at a price per share that will be based on the valuation of the Company’s ~~has~~equity ~~obtained~~by ~~sales~~an ~~options~~independent orvaluation ~~agreements~~appraisal using the market price approach (the “~~Approved~~Share ~~Properties~~Valuation Price”). See Note 4 to the Financial Statements. ~~The~~TAP also intends to contribute to the Company ~~pays~~certain properties and projects that are either presently generating revenue or that the ~~bulk~~Company ofanticipates will allow the ~~expenses~~Company ~~arising~~to develop to generate revenue in ~~connection~~the ~~with~~future, such contributions to be made in exchange for the ~~marketing~~issuance by the Company of ~~Approved~~shares ~~Properties~~of inCommon ~~Hong~~Stock. Independent ~~Kong~~valuation appraisals on these properties and ~~China,~~projects ~~although~~will ~~Premier~~be ~~Capital~~submitted ~~bears~~for ~~some~~review by members of ~~these~~the ~~expenses~~Board asof ~~well. For~~Directors ~~its~~who ~~services~~will not have any relationship with TAP, ~~Premier~~and ~~Capital~~shares isof ~~paid~~Common Stock will be issued based on a ~~customary~~price ~~brokerage~~per ~~fee~~share ~~for~~that ~~Approved~~will ~~Properties~~be ~~sold~~determined by these independent directors, but which TAP expects will be in ~~Hong~~the ~~Kong~~range ~~and~~of ~~China~~the Share Valuation Price.

Premier Capital terminated the exclusive marketing agreement with the Company in April 2011, although it has stated that it will continue to work with the Company to sell the Company’s current inventory as well as future projects. The Company is in discussions with Premier Capital about entering into an exclusive marketing agreement for another geographical market in the United States, and expects to complete such an agreement on a non-exclusive agreement upon the completion of the current sales program. The Company will also seek additional selling agents to market its properties, although there can be no assurance that the Company will be successful in finding additional selling agents. Inasmuch as Premier Capital has agreed to continue to work with the Company, the Company does not believe that the termination of the exclusive marketing agreement with Premier Capital will have a material adverse effect on the Company’s business, prospects, financial condition and results of operations.8

RESULTS OF OPERATIONS

Comparison of Three Months Ended March 31, 2013 and 2012

For the three months ended March 31, 2013, we had a net loss of $21,967, compared to net income of $8,398 for the three months ended March 31, 2012. For the three months ended March 31, 2013, we incurred $42,664 of general and administrative expenses, compared to $9,152 of general and administrative expenses for the three months ended March 31, 2012. During the quarter the Company closed two sales of properties and as a result took on two new property management contracts.

Table of Contents

RESULTS OF OPERATIONS

Comparison of Six Months Ended June 30, 2013 and 2012

For the six months ended June 30, 2013, we had a net loss of $110,192, compared to a net loss of $6,075 for the six months ended June 30, 2012. For the six months ended June 30, 2013, we incurred $133,230 of general and administrative expenses, compared to $23,177 of general and administrative expenses for the six months ended June 30, 2012. This increase in expenses is reflective, in part, of the Company's increased activity as it puts its new business plan into effect.

Comparison of Three Months Ended June 30, 2013 and 2012

For the three months ended June 30, 2013, the Company had a net loss of $88,225, compared to net income of $2,323 for the three months ended June 30, 2012. For the three months ended June 30, 2013, we incurred $90,566 of general and administrative expenses as compared to the three months ended June 30, 2012, when we incurred $14,025 of general and administrative expenses.

CHANGES IN FINANCIAL CONDITION

Liquidity and Capital Resources

The Company's cash position as of ~~March~~June 3130, 2013 is $4151,~~932~~926. As of ~~March~~June 3130, 2013, the Company has outstanding payables of $4717,~~004~~682. ~~Capital~~The ~~constraints currently limit the~~ Company’s ~~ability~~plans to ~~purchase~~undertake ~~residential~~a ~~properties~~major ~~for~~capital ~~resale~~raising totransaction ~~international~~involving ~~clients~~a scope, and ~~consequently~~terms ~~the Company is restricted to selling agreements~~ and ~~consignment arrangements. There can be no assurances that the Company will enter into any new sales agreements. Absent new agreements~~conditions, ~~the~~which ~~Company~~are ~~will~~not beat ~~unable~~present ~~to generate future revenues beyond the income derived from asset management fees~~determinable.

The Company has taken numerous steps to conserve cash. However, to properly grow the Company will need additional financing but can make no assurances that any additional financing will be available to it when needed or, if available, that it can be obtained on commercially reasonable terms.

To conserve on the Company's capital requirements, the Company may issue shares of its common stock to pay certain expenses.

Off-Balance Sheet Arrangements

Other than contractual obligations incurred in the normal course of business, we do not have any off-balance sheet financing arrangements or liabilities, guarantee contracts, retained or contingent interests in transferred assets or any obligation arising out of a material variable interest in an unconsolidated entity. ~~We do not have any majority-owned subsidiaries.~~

SUBSEQUENT EVENT

In late April, Basil Argerson, SVP of the Company tendered his resignation to pursue other opportunities.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market risk is a broad term for the risk of economic loss due to adverse changes in the fair value of a financial instrument. These changes may be the result of various factors, including interest rates, foreign exchange rates, commodity prices and/or equity prices. We are exposed to market risk from changes in interest rates and foreign currency exchange rates. Our exposure to interest rate risk is limited to interest income sensitivity for working capital funds placed in a money market account. The effect of interest rate changes does not pose significant market risk to us. Also, we are exposed to foreign currency exchange rates whereby the strengthening of the US currency could make it more expensive for our foreign purchasers to buy our US properties, while a weakening US currency would make our properties less expensive to our international clients. We do not currently hedge against interest rate or currency risks. The effect of other changes, such as commodity prices and/or equity prices, does not pose significant market risk to us.

ITEM 4T. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We carried out an evaluation, under the supervision of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the end of the period covered by this quarterly report. Based on that evaluation, management has concluded that, as of ~~March~~June 30, 2013, our internal control over financial reporting was ~~ineffective~~effective.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

There were no changes in our internal controls over financial reporting in connection with the evaluation required by Rule 13a-15(d) under the Exchange Act that occurred during the period covered by this Quarterly Report on Form 10-Q that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

Table of Contents

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 1A. RISK FACTORS

~~There have been no material changes to the~~ The risk factors ~~previously~~for ~~disclosed~~the innew business opportunity that the ~~Annual~~Company has been developing will be provided in a Current Report on Form 108-K ~~for~~to ~~the~~be ~~year~~filed ~~ended~~in ~~December~~the ~~31, 2012~~future.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES

None.

ITEM 6. EXHIBITS

NUMBER		DESCRIPTION
31.1		Certificate of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certificate of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley of 2002
32		Certificate of Chief Executive Officer and Chief Financial Officer pursuant to Section906 of the Sarbanes-Oxley Act of 2002
32.1		Certificate of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certificate of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.CAL		XBRL Taxonomy Extension Calculation Linkbase
101.DEF		XBRL Taxonomy Extension Definition Linkbase
101.INS		XBRL Instance Document
101.LAB		XBRL Taxonomy Extension Label Linkbase
101.PRE		XBRL Taxonomy Extension Presentation Linkbase
101.SCH		XBRL Taxonomy Extension Schema Linkbase

910

Table of Contents

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	GOLDEN GATE HOMES, INC.
Date: May 7, 2013	By:	/s/ Steven Gidumal
Date: August 14, 2013	By:	/s/ Tim Wilkens
		Steven Gidumal
		Tim Wilkens
		Chairman of the Board, CEO and Chief Financial Officer
		Chairman of the Board and Chief Executive Officer
		(Principal Executive, Financial and Accounting Officer)
		(Principal Executive Officer)
	By:	/s/ James Sayler
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

1011

Table of Contents

Filing Compare · Golden Gate Partners, Inc.