PROPERTY AND EQUIPMENT

12 Months Ended

Jul. 31, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

As of July 31, 2024, and 2023, property and equipment consist of as follows;

	July 31,			July 31,
	2024			2023
Homes	$	1,318,062		$	546,852
Lands		132,708			3,828
Construction in progress		414,407			333,596
		1,865,177			884,276
Accumulated depreciation		(31,985	)		-
	$	1,833,192		$	884,276

During the years ended July 31, 2024, and 2023, five (5) homes and three (3) homes were completed, respectively.

As of July 31, 2024, and 2023, the construction in progress consists of the cost of titles and construction expenses for six (6) homes which have not been completed, respectively.

On July 31, 2024, the Company purchased a piece of land for future construction of 7-8 duplex apartments for the amount of $120,000.

As of July 31, 2024, the Company entered into eight (8) separate lease agreements with monthly lease payments of $1,100 for one home, $1,125 for one home and $1,250 for six homes, each for a period of one year for each home leased.

During the year ended July 31, 2024, the Company recorded a depreciation expense of $31,985.