PROMISSORY NOTE RECEIVABLE

12 Months Ended

Mar. 31, 2024

PROMISSORY NOTE RECEIVABLE

PROMISSORY NOTE RECEIVABLE

NOTE 6 – PROMISSORY NOTE RECEIVABLE

On March 20, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $15,000. The loan bears interest at 8% per annum and has a six month term. During the year ended March 31, 2024, the Company issued $5,000 in loan receivable to the unaffiliate. As of March 31, 2024 and March 31, 2023, the loan receivable was $11,000 and $6,000, respectively. As of March 31, 2024 and March 31, 2023, the loan interest receivable was $846 and $13, respectively.

On June 1, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $5,000. The loan bears interest at 8% per annum and has a six month term. During the year ended March 31, 2024, the Company issued $6,554 in loan receivable to the unaffiliate and made $3,100 repayment. As of March 31, 2024 and March 31, 2023, the loan receivable was $3,454 and $0, respectively. As of March 31, 2024 and March 31, 2023, the loan interest receivable was $221 and $0, respectively.

On September 14, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $20,000. The loan bears interest at 8% per annum and has a six month term. During the year ended March 31, 2024, the Company issued $20,000 in loan receivable to the unaffiliate.  As of March 31, 2024 and March 31, 2023, the loan receivable was $20,000 and $0, respectively. As of March 31, 2024 and March 31, 2023, the loan interest receivable was $872 and $0, respectively.

On November 30, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $9,500. The loan is non-interest bearing and has a six month term. During the year ended March 31, 2024, the Company issued $9,500 in loan receivable to the unaffiliate. As of March 31, 2024 and March 31, 2023, the loan receivable was $9,500 and $0, respectively.

As of March 31, 2024 and March 31, 2023, the total loan receivable was $43,954 and $6,000, respectively. As of March 31, 2024 and March 31, 2023, total loan interest receivable was $1,959 and $13, respectively.