NOTE 3 – ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2022

Credit Loss [Abstract]

NOTE 3 – ACCOUNTS RECEIVABLE

NOTE 3 – ACCOUNTS RECEIVABLE

As of September 30, 2022 and December 31, 2021, accounts receivable consisted of the following:

	September 30,		December 31,
	2022		2021
Deposit	$	200	$	2,682
UK VAT Receivable		8,204		15,084
Prepayments		—		200
Accounts receivable	$	8,404	$	17,966

Any nominal change in the deposit value is due to exchange rate fluctuation.

NOTE 4 – ADVANCES RECEIVABLE

As of September 30, 2022 and December 31, 2021, cash advances consisted of the following:

	September 30,			December 31,
	2022			2021
Advance principal receivable -G	$	44,189		$	54,529
Advance principal receivable -J		17,874			21,643
Repayment received		(1,231	)		—
Interest due		5,443			4,079
Total advances receivable	$	66,275		$	80,251

The advance labelled Advance principal receivable-G carries an interest rate of 3%. The advance principal labelled Advance receivable -J is non-interest bearing. The Company has the expectation that both outstanding advances will be repaid to the Company within the next 12 months. Repayment of $1,231 and $0 was received from G during the nine months to September 30, 2022 and 2021, respectively.

Any difference on the Advance principal is due to currency translation.