RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 4 - RELATED PARTY TRANSACTIONS

During the nine months ended April 30, 2023, and 2022, the Company’s shareholders financed $10,800 and $27,338 for operation expenses. As of April 30, 2023, and July 31, 2022, the Company was obliged for an unsecured, non-interest-bearing demand loan with balance of $44,746 and $33,946, respectively. The Company recognized interest of $2,831 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 nine months ended April 30, 2023, the Company recognized and paid $65,000 salary to a member of the board of directors for services rendered to the Company. As at April 30, 2023 and July 31, 2022, the Company recognized 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.