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Advisor ask: JME §1 framing — RHG-as-landholder vs RHG-recognizes-revenue

Advisor: JME Contadores — Lic. Giovanni Díaz Durán ([email protected] — read-only via mining; do not include emails in advisor-packets that go out under user signature). CONTPAQ i-based. Date: 2026-05-10 (drafted; sent date pending Austin's go-ahead per todo/austin-decision-board.md Block 1) Deadline / why now: Phase 4a (RHG quarterly summary JE design) gates on this answer. JME committed 2026-03-25 to send Feb 2026 financials "later this week or early next week" — ~6 weeks overdue as of 2026-05-08. Resolving §1 framing also unblocks RHG cap-table rendering on the Mexican corporate registry side post-Cindy-consignación. Severity: Critical — drives the entire RFH ↔ RHG intercompany framing, the intercompany services agreement structure, the §5471 reporting, and Phase 4a Xero summary JE design.

Facts we believe

  • Repo's working framing (provisional): RHG owns all guest revenue regardless of where USD lands; RFH is collection agent for USD-denominated portion. Locked in decisions/log.md 2026-04-19; provisional in accounting/accounting-policy.md §5.A.
  • JME's signed multi-year FS bundle (source-data/jme/2026-05-08/): zero Casa Moksha guest revenue recognized on RHG's Mexican books across 2023, 2024, AND 2025 — structural pattern, not a 2025 anomaly. Cumulative Mexican-tax NOL through 2025 = MXN 5.85M.
  • JME's documented framing on Austin's funding: Austin's contributions to RHG (~6M MXN cumulative through 2025) are tracked as Acreedor diversos / Acreedor Gavon Augustus, not capital. No promissory note. Reimbursement when SAT compliance certificate is positive. Source: 2025-08-23 + 2025-09-10 thread, captured in accounting/advisor-decision-register.md.
  • Original engagement context: JME engaged 2024-10-08 via Iván Guerrero (Portilla) intro; replaces unreachable Mérida-based accountants from the Cindy era.
  • Cadence reality: JME does NOT operate on monthly close cadence — project-driven only (back-tax catchups, year-end SAT package, transformation paperwork, RNIE registration). Per accounting/jme-deliverable-status.md.

Decision needed

JME's substantive answer to the §1 question: does RHG recognize Casa Moksha guest revenue on its Mexican books going forward, or is RHG-as-landholder the correct framing? And how does the answer interact with the imminent S.A. de C.V. → S. de R.L. de C.V. conversion + Casa Moksha LLC pair activation?

Options

  • Option (a) — RHG recognizes guest revenue Mexican-side too. RFH-collected USD inflows reflected on JME's books as receivable-from-RFH; settlement wires (Brex/JPM → Santander MXN) clear the receivable; Acreedor Gavon Augustus account remains for Austin's funding contributions but starts being reduced as RHG generates net cash. Implies JME amends 2023-2025 FS to reflect prior-period revenue recognition — significant restatement.
  • Option (b) — RHG-as-landholder; RFH books all CM revenue. RFH recognizes guest revenue on US books; pays RHG a usage / occupancy / land-rental fee for the Mexican real estate. Implies an intercompany services / lease agreement structurally different from the current draft legal/intercompany-services-agreement-draft.md; also implies a transfer-pricing memo for the lease. JME's books retain landholder posture; no restatement.
  • Option © — Hybrid: RHG operates the hotel post-conversion (S. de R.L. de C.V.) but historical pattern (S.A. de C.V. as pure landholder) is preserved on books through the conversion date. Cleanest for cap-table-cleanup-then-conversion sequencing; but requires a clear cutover date + the post-conversion books to look fundamentally different.

No recommendation; advisor judgment. This is exactly the kind of question that defaults to JME's reading of Mexican tax + corporate law, with Pearce's US-tax confirmation as a downstream check. The provisional working assumption in the repo is option (a), but option (b) might actually be cleaner given the signed-FS history.

Xero / books impact

  • Option (a): RHG summary JE shows guest revenue + Acreedor reduction; RFH side maintains the collection-agent clearing accounts (1180, 1190); intercompany services agreement drafted in option-A-no-fee form is consistent.
  • Option (b): RHG summary JE shows lease/license revenue from RFH; RFH books guest revenue + Mexican-side rent expense; intercompany services agreement restructured with explicit lease/license fee.
  • Option ©: Both books-pre-cutover (option b style) and books-post-cutover (option a style); cutover JE at S. de R.L. conversion date.
  • Confidence level today: [P] across the board for RHG entries.
  • Confidence level after JME confirms: [F] for the chosen option; cascades through Phase 4a JE design.

The §1 framing decision determines: 1. Whether 2024 5471 (already filed at 99/1) needs amendment for revenue-recognition consistency 2. The structure of the intercompany services agreement (Option A no-fee + TPR memo vs Option B arm's-length fee, per accounting/xero-buildout.md §5) 3. Whether RHG's Mexican-tax NOL accumulates further or starts being absorbed by recognized guest revenue 4. The IVA treatment of guest receipts (Mexican-side) 5. Whether Acreedor Gavon Augustus continues to grow or starts being repaid through RHG cash flow

Source documents attached

  • source-data/jme/2026-04-29/ (full 2025 annual SAT package)
  • source-data/jme/2026-05-08/ (signed multi-year FS bundle 2023-2025)
  • accounting/jme-deliverable-status.md (cadence + content)
  • accounting/casa-moksha-intercompany-mockup.md (current provisional framing)
  • accounting/casa-moksha-guest-revenue-ledger.md (per-guest USD inflow ledger)
  • accounting/casa-moksha-capex-inventory.md (Mexican-side capex)
  • legal/intercompany-services-agreement-draft.md (current draft)
  • decisions/log.md 2026-04-19 (repo's working framing)
  • decisions/log.md 2026-05-08 (Mexican-tax NOL confirmation)

Open follow-ups for advisor

  • Feb 2026 financials chase (~6 weeks overdue as of 2026-05-08; bundle this in)
  • Capex confirmation — accounting/casa-moksha-capex-inventory.md cap-vs-expense flag list (palapa, water-system, drain well, generator, biodigestor, HVAC; ~334K MXN confirmed + ~116K MXN pending JME)
  • Miroslava classification — contractor vs employee under MX labor law
  • Cindy departure final-wages obligation under MX labor law (resignation does not eliminate accrued wages)
  • Sept 3 2025 batch of 25 SAT federal tax debits — back-tax catch-up complete?
  • Notaría 78 invoice mapping — $11,371 × 2 (Oct + Nov 2025); conversion-related?
  • Tramite juzgado / exhorto juzgado QR court matter — RHG in active litigation separate from Cindy?
  • Jose Pablo Gonzalez Deleze $20K MXN inflow Jan 14 2026 — counterparty + nature
  • Dec 15 2025 wire "RNIE FINES AND CINDY PAYO" — RNIE-fines portion confirmed by JME 2025-12-11 (Mexican Foreign Investment Registry late-filing fines); the "PAYO" component's actual purpose is unresolved (per Austin direct correction 2026-05-09: NOT a Cindy separation payout)
  • Path A vs Path B for ongoing summary JE cadence — quarterly from JME's project deliverables (default), or monthly TB + GL + IVA workpaper export from CONTPAQ i (higher cooperation overhead, billing question)

Decision register entry (post-response)

When JME responds substantively, log answer in accounting/advisor-decision-register.md JME section with date / decision / effective date / Xero impact / source. Update CON-02 in context/contradictions.md to mark resolved. Update accounting/accounting-policy.md §5.A from PROVISIONAL to FINAL. Trigger Phase 4a summary JE design refresh.