LOANS PAYABLE- RELATED PARTY

9 Months Ended

Apr. 30, 2025

LOANS PAYABLE- RELATED PARTY

LOANS PAYABLE- RELATED PARTY

NOTE 8 – LOANS PAYABLE - RELATED PARTY

As of April 30, 2025, loans payable – related party consist of as follows;

	Principal		Maturity	Interest			April 30		July 31,
	Amount		date	Rate			2025		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.

During the nine months ended April 30,2025 and 2024, the Company recognized interest of $0 and $ 19,792 and paid interest of $0 and 15,338.

During the nine months ended April 30,2025 and 2024, the Company allocated interest of $0 and $8,849 from total interest of $0and $ 19,792 related to above loans to construction in progress.

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