Statements of Financial Position - USD ($) |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| ASSETS | ||
| Cash (Note 6) | $ 5,756 | $ 7,406 |
| Prepaid expenses | 8,489 | 9,236 |
| Total Current assets | 14,245 | 16,642 |
| Non-current assets | ||
| Investment in Forum Energy Limited (Note 7) | 8,568,094 | 2,461,931 |
| Assets | 8,582,339 | 2,478,573 |
| Current liabilities | ||
| Trade and accrued payables | 41,607 | 17,049 |
| Short term loan (Note 9) | 895,637 | 678,155 |
| Total Current liabilities | 937,244 | 695,204 |
| Shareholders' Equity | ||
| Share capital (Note 8) | 17,620,625 | 17,620,625 |
| Contributed surplus (Note 8) | 3,058,063 | 3,058,063 |
| Accumulated other comprehensive income (Note 7) | 6,106,163 | 0 |
| Deficit | (19,139,756) | (18,895,319) |
| Total Stockholders equity | 7,645,095 | 1,783,369 |
| Total Liabilities and stockholder equity | $ 8,582,339 | $ 2,478,573 |
| X | ||||||||||
- Definition The amount of accumulated items of income and expense (including reclassification adjustments) that are not recognised in profit or loss as required or permitted by other IFRSs. [Refer: IFRSs [member]; Other comprehensive income] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of cash on hand and demand deposits. [Refer: Cash on hand] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have the right at the end of the reporting period to defer settlement for at least twelve months after the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of investments in subsidiaries in an entity's separate financial statements. [Refer: Total for all subsidiaries [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The nominal value of capital issued. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition A component of equity representing the entity's cumulative undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A component of equity representing the accumulated revaluation surplus on the revaluation of assets recognised in other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of current borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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