RELATED PARTY TRANSACTIONS

3 Months Ended

Oct. 31, 2022

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 4 - RELATED PARTY TRANSACTIONS

During the three months ended October 31, 2022, and 2021, the Company’s shareholders financed of $4,000 and $3,875 for operation expenses. As of October 31, 2022, and July 31, 2022, the Company was obliged for an unsecured, non-interest-bearing demand loan with balance of $37,946 and $33,946, respectively. The Company recognized interest of $833 on advance by related party and recorded it as additional paid-in-capital.

During the three months ended October 31, 2022, the Company recognized and paid $21,000 salary to a member of the board of directors for services rendered to the Company. As at October 31, 2022 and July 31, 2022, the Company recognized a prepaid wages of $1,498 and $1,098 for overpayment of salary, respectively.

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.