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Investment in life insurance policies, net (Tables)

12 Months Ended

Jun. 30, 2024

Investments, All Other Investments [Abstract]

Schedule of Investment in Life Insurance Policies

Investment in life insurance policies, net consists of the following:

Schedule of Investment in Life Insurance Policies 

		2023				2024				2024
		As of June 30,
		2023				2024				2024
		GBP				GBP				US$
Balance, beginning of the year			519,126				512,292				647,537
Proceeds from termination of life insurance policy, net			-				(166,368	)			(210,289	)
Gain on termination of life insurance policy			-				10,559				13,347
Insurance expense			-				(44,536	)			(56,296	)
Exchange (loss) gain			(6,834	)			7,551				9,565
Balance, end of the year			512,292				319,498				403,864
Less: allowance for expected credit losses			-				-				-
Cash surrender value			512,292				319,498				403,864

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- References

No definition available.

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- Definition

Tabular disclosure of life settlement contracts based on the remaining life expectancy for each of the first five succeeding years from the date of the statement of financial position and thereafter, as well as in the aggregate including: (a) the number of life settlement contracts, (b) the carrying value of the life settlement contracts, and (c) the face value (death benefits) of the life insurance policies underlying the contracts.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 325
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481463/325-30-50-8

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 325
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481463/325-30-50-8

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 325
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481463/325-30-50-8

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