RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jul. 31, 2024 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS
In support of the Company’s efforts and cash requirements, the Company has been relying on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. These loans are due on demand and non-interest bearing.
During the six months ended July 31, 2024 and 2023, Northeast International Holdings Limited, majority shareholder of the Company upon the change of control on May 16, 2022, advanced $1,600 and $9,200 to the Company to support operating cost. As of July 31, 2024 and January 31, 2024, the amount due to the majority shareholder of the Company was $160,712 and $157,905, respectively. During the six months ended July 31, 2024 and 2023, the Company incurred net management salary of $12,000 and $1,512. During the year ended January 31, 2024 and 2023, director of Live Investments Holding Ltd. advanced $1,000 and $3,165 to the Company to support operating cost. As of July 31, 2024 and January 31, 2024, the amount due to the director of Live Investments Holding Ltd. was $34,561 and $22,514, respectively.
As of July 31, 2024 and January 31, 2024, the total amount due to related parties was $195,273 and $180,419, respectively. |