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LOAN PAYABLE – RELATED PART
12 Months Ended
Sep. 30, 2021
Loan Payable Related Part  
LOAN PAYABLE – RELATED PART

NOTE 7. LOAN PAYABLE – RELATED PARTY

 

During the period September 15, 2020 (Inception) to September 30, 2020, our chief financial officer, director and principal shareholder advanced to us $1,164 by way of a loan to finance our working capital requirements. The loan is unsecured, interest free and due on demand. As of September 30, 2020, the balance outstanding under the loan was $1,164

 

During the year ended September 30, 2021 our former chief financial officer, director, and principal shareholder advanced to us $18,504 by way of a loan to finance our working capital requirements. The loan was unsecured, interest free and due on demand. The entire balance outstanding under the loan was forgiven as part of the sale of ownership and control interest described in note 9.

 

Two Companies controlled by our Chief Executive Officer advanced us $24,345 (net of $10,235 in repayments) for the year ended September 30,2021.