LOANS PAYABLE- RELATED PARTY

3 Months Ended

Oct. 31, 2024

LOANS PAYABLE- RELATED PARTY

LOANS PAYABLE- RELATED PARTY

NOTE 8 – LOANS PAYABLE- RELATED PARTY

As of October 31, 2024, loans payable – related party consist of as follows;

	Principal		Maturity	Interest			October 31,		July 31,
	Amount		date	Rate			2024		2024
Loan dated December 1,2023	$	125,000	12/1/2053		9.50	%	$	-	$	22,500
Loan dated December 1,2023	$	125,000	12/1/2053		9.50	%		-		6,000
Total loans payable								-		28,500
Less: current portion								-		(28,500	)
Long -term loans portion							$	-	$	-

The monthly payment of $3,958 for the 360 months to be applied to interest, and thereafter, the principal and any unpaid interest due on December 1, 2053.

On August 1, 2024, the Company paid and settled the outstanding principal balance of $28,500 and interest payable of $3,958.