RELATED PARTY TRANSACTIONS

6 Months Ended

Jan. 31, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 4 - RELATED PARTY TRANSACTIONS

During the six months ended January 31, 2023, and 2022, the Company’s shareholders financed of $10,000 and $7,228 for operation expenses. As of January 31, 2023, and July 31, 2022, the Company was obliged for an unsecured, non-interest-bearing demand loan with balance of $43,946 and $33,946, respectively. The Company recognized interest of $1,798 on advance by related party and recorded it as additional paid-in-capital.

As discussed in Note 5, related parties surrendered common stock to the Company.

During the six months ended January 31, 2023, the Company recognized and paid $44,000 salary to a member of the board of directors for services rendered to the Company. As at January 31, 2023 and July 31, 2022, the Company recognized a prepaid wages of $0 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.