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RELATED PARTY TRANSACTIONS
9 Months Ended
Apr. 30, 2022
RELATED PARTY TRANSACTIONS  
NOTE 4 -RELATED PARTY TRANSACTIONS

NOTE 4 - RELATED PARTY TRANSACTIONS

 

During the year nine months ended April 30, 2022, the Company’s shareholders financed of $27,338 for operation expenses. As of April 30, 2022, and July 31,2021, the Company was obliged for an unsecured, non-interest-bearing demand loan with balance of $28,946 and $1,608, respectively. The Company recognized interest of $761 on advance by related party and recorded it as additional paid-in-capital.

 

During the nine months ended April 30, 2022, the Company recognized and paid $14,000 salary to a member of the board of directors for services rendered to the Company. As at April 30, 2022, the Company recognized a prepaid wages of $2,371 for overpayment of salary.

 

The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder, who is also a director of the Company, to use at no charge.