RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Jun. 30, 2025 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | NOTE 6. RELATED PARTY TRANSACTIONS
During the year ended June 30, 2025, the Company received advances from related parties in the amount of $16,118.
On January 1, 2025, an amount of $43,100 owed to a related party was converted into a loan with a maturity period of one year from the date of the loan agreement. The loan accrues interest at a rate of 5% per annum, payable upon maturity. Interest expense of $1,069 was recorded for the year ended June 30, 2025.
As of June 30, 2025 and June 30, 2024, the total balance due to related parties amounted to $23,200 and $7,082, respectively were owed to one individual who is an officer and director of the Company. These amounts are non-interest bearing and does not have a maturity. The proceeds of the advance were used for operations. |