RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 6 - RELATED PARTY TRANSACTIONS
The Company has been provided office space by its president at no cost. The management determined that such cost is nominal and did not recognize the rent expense in its financial statements.
During the years ended March 31, 2025 and 2024, the Company borrowed additional loans in the amounts of $86 and $32,731 from the former President of the Company and Northern Ifurniture Inc. (“Ifurniture”), an entity under the common control of the former President, respectively. On March 29, 2024, the Company entered into an asset disposal and loan conversion agreement (the “ADLC Agreement”) with the former President of the Company. Pursuant to the ADLC Agreement, the Company settled loan of $28,000 owed to the former President with a vehicle owned by the Company. The vehicle has been fully depreciated, and the transaction resulted in a disposal gain of $28,000. During the year ended March 31, 2025, loans of $102,395 was forgiven, which was treated as an equity transaction with shareholders with no gain or loss recognized, and $1,878 was repaid in cash. As of March 31, 2025 and 2024, the balances of loans owed to the former President and Ifuniture totaled $ and $104,187, respectively, bearing no interest, unsecured and due on demand.
During the year ended March 31, 2025, the Company borrowed loan in the aggregated amount of $101,437 from Chunyang Liu, President and CEO of the Company, for working capital purpose. As of March 31, 2025, total amount owed to President and CEO of the Company was $101,437. The loan is unsecured, non-interest-bearing and due on demand.
|