Related Party Transactions

12 Months Ended

Sep. 30, 2014

Note 3 Related Party Transactions

The related party advances are due to the director and President of the Company for funds advanced. The advances are unsecured, non-interest bearing and have no specific terms for repayment. As of September 30, 2014, the advances totaled $65,900.

The Company was charged management fees by the President of the Company when funds are available. Effective April 1, 2014, the Company agreed to pay the President of the Company $2,000 per month for management services if funds are available or to accrue such amount if funds are not available. Accounts payable – related party are the fees earned but not yet paid of $6,000 and $0 at September 30, 2014 and 2013, respectively.


	Year ended September 30, 2014	Year ended September 30, 2013

Management fees	$ 24,000	$ -

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

PRESTON CORP. 10-K