RELATED PARTY TRANSACTIONS AND BALANCES

6 Months Ended

Mar. 31, 2023

RELATED PARTY TRANSACTIONS AND BALANCES

RELATED PARTY TRANSACTIONS AND BALANCES

NOTE 5 - RELATED PARTY TRANSACTIONS AND BALANCES

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Shareholder’s amounts represent advances or amounts paid on behalf of the Company in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a promissory note.

During the three months ended March 31, 2023 and 2022, the Company’s shareholder and sole officer advanced to the Company an amount of $4,800 and $15,032, respectively by paying for expenses on behalf of the Company.

During the six months ended March 31, 2023 and 2022, the Company’s shareholder and sole officer advanced to the Company an amount of $34,852 and $25,332, respectively by paying for expenses on behalf of the Company.

As of March 31, 2023, and September 30, 2022, the Company was obligated to the shareholder and sole officer for a balance of $176,348 and 141,496, respectively, which is unsecured, non-interest-bearing and due on demand.