RELATED PARTY TRANSATIONS | 6 Months Ended |
31-May-14 |
Related Party Transactions [Abstract] | ' |
RELATED PARTY TRANSATIONS | ' |
During the three months ended May 31, 2014 and 2013, the Company incurred management fees of $35,621 and $37,500, respectively to the sole director and officer of the Company. During the six months ended May 31, 2014 and 2013, the Company incurred management fees of $54,371 and $50,000, respectively to the sole director and officer of the Company. |
|
During the three months ended May 31, 2014 and 2013, the Company incurred management fees of $35,621 and $37,500, respectively to the sole director and officer of the Company. During the six months ended May 31, 2014 and 2013, the Company incurred management fees of $54,371 and $50,000, respectively to the sole director and officer of the Company. |
|
As of May 31, 2014, the Company had payables owed to the sole director and officer of the Company of $13,338 consisting of amounts paid by the sole director and officer on behalf of the Company. |
|
As of May 31, 2014, the Company had a payable of $494,020 owed to Bay Capital A.G., who became a related party during 2013 by obtaining majority ownership. |
|
A former director of the Company loaned $275 to the Company on June 2, 2010. The amount was outstanding at May 31, 2014 and 2013. |
|
During 2013, Longview Realty Inc., an entity with common ownership, advanced an aggregate of $50,496 to the Company. In addition, during the six months ended May 31, 2014, Longview advanced an additional $37,353 to the Company. As at May 31, 2014, the total advances from Longview was $ 87,849. |
|
The amounts due to these related parties are due on demand, non-interest bearing and unsecured. |