Vortex Blockchain (VXBT) 10-Q 16 Nov 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	6 Months Ended
	Sep. 30, 2015	Nov. 16, 2015	Sep. 30, 2014
Document and Entity Information:
Entity Registrant Name	UA Granite Corp
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Trading Symbol	uagz
Amendment Flag	false
Entity Central Index Key	1,577,882
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		5,650,000
Entity Public Float			$ 0
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

UA GRANITE CORPORATION BALANCE

UA GRANITE CORPORATION BALANCE SHEETS SEPTEMBER 30, 2015 AND MARCH 31, 2015 - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Assets, Current
Cash and Cash Equivalents, at Carrying Value		$ 3,118
Assets, Current		3,118
Assets, Noncurrent
Assets		3,118
Liabilities, Current
Other Short-term Borrowings Bank indebtedness	$ 78
Accounts Payable, Current	16,676	4,949
Liabilities, Current	16,754	4,949
Liabilities, Noncurrent
Due to Related Parties, Noncurrent	13,603	11,883
Liabilities, Noncurrent	13,603	11,883
Liabilities	30,357	16,832
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Common Stock, Value, Issued	57	57
Additional Paid in Capital, Common Stock	27,398	26,927
Retained Earnings (Accumulated Deficit)	(57,812)	(40,698)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (30,357)	(13,714)
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures
Liabilities and Equity		$ 3,118

Statement of Financial Position

Statement of Financial Position - Parenthetical UA GRANITE Balance Sheets SEPTEMBER 30, 2015 AND MARCH 31, 2015 - USD ($)	Sep. 30, 2015	Mar. 31, 2015
Condensed Consolidated Balance Sheets Parenthetical
Preferred Stock, Par Value	$ 0	$ 0
Preferred Stock, Shares Authorized	0	0
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$ 0.00001	$ 0.00001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	5,650,000	5,650,000
Common Stock, Shares Outstanding	5,650,000	5,650,000
Common Stock, Value, Outstanding	$ 57	$ 57

UA GRANITE CORP, STATEMENTS OF

UA GRANITE CORP, STATEMENTS OF OPERATIONS THREE AND SIX MONTH PERIOD ENDED SEPTEMBER 30, 2015 AND 2014 - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amortization of Deferred Charges
General and Administrative Expense	$ 120		$ 120
Professional Fees	1,160	$ 1,000	2,660	$ 3,250
Consulting	6,794		13,863
Operating Expenses	8,074	1,000	16,643	3,250
Interest and Debt Expense
Imputed Interest expense	237	102	471	203
Net Income (Loss) Attributable to Parent	$ (8,311)	$ (1,102)	$ (17,114)	$ (3,453)
Earnings Per Share
Earnings Per Share, Basic	$ 0	$ 0	$ 0	$ 0
Earnings Per Share, Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic	5,650,000	5,650,000	5,650,000	5,650,000

UA GRANITE CORP, STATEMENTS OF5

UA GRANITE CORP, STATEMENTS OF CASHFLOWS SIXE MONTH PERIOD SEPTEMBER 30 2015 AND 2014 - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (17,114)	$ (3,453)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Imputed Interest expense	471	203
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable and Accrued Liabilities	11,805	(12,500)
Net Cash Provided by (Used in) Operating Activities	(4,838)	(15,750)
Net Cash Provided by (Used in) Financing Activities
Proceeds from Contributed Capital	1,720
Net Cash Provided by (Used in) Financing Activities	1,720
Cash and Cash Equivalents, Period Increase (Decrease)	(3,118)	(15,750)
Cash and Cash Equivalents, at Carrying Value	$ 3,118	19,971
Cash and Cash Equivalents, at Carrying Value		$ 4,221

Statement of Shareholders' Equi

Statement of Shareholders' Equity UA Granite Corporations - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2012	$ 50			$ 50
Shares, Outstanding at Mar. 31, 2012	5,000,000			5,000,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			$ (2,191)	$ (2,191)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2013	$ 50		(2,191)	$ (2,141)
Shares, Outstanding at Mar. 31, 2013	5,000,000			5,000,000
Stock Issued During Period, Value, New Issues	$ 7	$ 25,994		$ 26,001
Stock Issued During Period, Shares, New Issues	650,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		403		403
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			(23,915)	(23,915)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2014	$ 57	26,397	(26,106)	$ 348
Shares, Outstanding at Mar. 31, 2014	5,650,000			5,650,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		530		$ 530
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			(14,592)	(14,592)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2015	$ 57	26,927	(40,698)	$ (13,714)
Shares, Outstanding at Mar. 31, 2015	5,650,000			5,650,000
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		471		$ 471
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			(17,114)	(17,114)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2015	$ 57	$ 27,398	$ (57,812)	$ (30,357)
Shares, Outstanding at Sep. 30, 2015	5,650,000			5,650,000

Note 1 - Nature of Operations

Note 1 - Nature of Operations	6 Months Ended
	Sep. 30, 2015
Notes
Note 1 - Nature of Operations	NOTE 1 – NATURE OF OPERATIONS DESCRIPTION OF BUSINESS AND HISTORY UA Granite Corporation (the “Company”) was incorporated on February 14, 2013 in the State of Nevada. The Company does not have any revenues and has incurred losses since inception. Currently, the Company has no operations, has been issued a going concern opinion and relies upon the sale of our securities and loans from its sole officer and director to fund operations. GOING CONCERN These financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. As at September 30, 2015, the Company has a working capital deficiency, has not generated revenues and has accumulated losses of $57,812 since inception. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2015
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is March 31. . USE OF ESTIMATES The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net revenue and expenses in the reporting period. We regularly evaluate our estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation and deferred income tax asset valuation allowances. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by us July differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the actual results, our future results of operations will be affected. CASH AND CASH EQUIVALENTS The Company considers all highly liquid instruments with original maturities of three months or less when acquired, to be cash equivalents. We had no cash equivalents at September 30, 2015 or March 31, 2015. INCOME TAXES The Company accounts for income taxes under the provisions issued by the FASB which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company computes tax asset benefits for net operating losses carried forward. The potential benefit of net operating losses has not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years. LOSS PER COMMON SHARE The Company reports net loss per share in accordance with provisions of the FASB. The provisions require dual presentation of basic and diluted loss per share. Basic net loss per share excludes the impact of common stock equivalents. Diluted net loss per share utilizes the average market price per share when applying the treasury stock method in determining common stock equivalents. As of September 30, 2015 and March 31, 2015, there were no common stock equivalents outstanding. FAIR VALUE OF FINANCIAL INSTRUMENTS Pursuant to ASC No. 820, “Fair Value Measurements and Disclosures”, the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of September 30, 2015. The Company’s financial instruments consist of cash. The Company considers the carrying value of such amounts in the financial statements to approximate their fair value due to the short-term nature of these financial instruments. . RECENTLY ISSUED ACCOUNTING STANDARDS In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updates (ASU) 2015-03 which requires that debt issuance costs be reported in the balance sheet as a direct deduction from the face amount of the related liability, consistent with the presentation of debt discounts. Prior to the amendments, debt issuance costs were presented as a deferred charge (i.e., an asset) on the balance sheet. The ASU provides examples illustrating the balance sheet presentation of notes net of their related discounts and debt issuance costs. Further, the amendments require the amortization of debt issuance costs to be reported as interest expense. Similarly, debt issuance costs and any discount or premium are considered in the aggregate when determining the effective interest rate on the debt. The amendments to (ASU) 2015-03 are effective for the annual period ending after December 15, 2015, and for annual periods and interim periods thereafter. The amendments must be applied retrospectively. Early application is permitted. On November 2014, The Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-16 – Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Finance Instrument Issued in the Form of a Share is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update do not change the current criteria in GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. That is, an entity will continue to evaluate whether the economic characteristics and risks of the embedded derivative feature are clearly and closely related to those of the host contract, among other relevant criteria. The amendments clarify how current GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. The effects of initially adopting the amendments in this Update should be applied on a modified retrospective basis to existing hybrid financial instruments issued in the form of a share as of the beginning of the fiscal year for which the amendments are effective. Retrospective application is permitted to all relevant prior periods. On November 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-17 – Business Combinations (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update provide an acquired entity with an option to apply pushdown accounting in its separate financial statements upon occurrence of an event in which an acquirer obtains control of the acquired entity. The amendments in this Update are effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. In August 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updates (ASU) 2014-15 requiring an entity’s management to evaluate whether there are conditions or events, considered in aggregate, that raise substantial doubt about entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). The amendments to (ASU) 2014-15 are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is in the process of evaluating the prospective impact of (ASU) 2014-15 will have on its balance sheet. In June 2014, the FASB Accounting Standards Update 2014-10, Income Taxes Topic 915: Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	6 Months Ended
	Sep. 30, 2015
Notes
Note 4 - Fair Value Measurements	NOTE 4 – FAIR VALUE MEASUREMENTS The Company adopted ASC No. 820-10 (ASC 820-10), Fair Value Measurements. ASC 820-10 relates to financial assets and financial liabilities. ASC 820-10 defines fair value, establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (GAAP), and expands disclosures about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit fair value measurements and are to be applied prospectively with limited exceptions. ASC 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This standard is now the single source in GAAP for the definition of fair value, except for the fair value of leased property as defined in SFAS 13. ASC 820-10 establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions, about market participant assumptions, that are developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy under ASC 820-10 are described below: • Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. • Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. • Level 3 Inputs that are both significant to the fair value measurement and unobservable. These inputs rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs are developed based on the best information available in the circumstances and include the Company's own data.) The following presents the Company's fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis as of September 30, 2015 and March 31, 2015: Level 1: None Level 2: None Level 3: None Total Gain (Losses): None

Note 5 - Related Party Transact

Note 5 - Related Party Transactions	6 Months Ended
	Sep. 30, 2015
Notes
Note 5 - Related Party Transactions	NOTE 5 - RELATED PARTY TRANSACTIONS A director has advanced funds to us for our legal, audit, filing fees, general office administration and cash needs. As of September 30, 2015, the director has advanced a total of $13,603. The advances do not bear interest and are without specific terms of repayment. Imputed interest of $237 and $102 was charged to additional paid in capital during the three month periods ended September 30, 2015 and September 30, 2014, respectively. Imputed interest of $471 and $203 was charged to additional paid in capital during the six month periods ended September 30, 2015 and September 30, 2014, respectively.

Note 6 - Common Stock

Note 6 - Common Stock	6 Months Ended
	Sep. 30, 2015
Notes
Note 6 - Common Stock	NOTE 6 - COMMON STOCK On February 14, 2013, the Company issued 5,000,000 common shares to Myroslav Tsapaliuk, the founder of the Company, purchased for $0.00001 a share for total proceeds of $50. On December 12, 2013, the Company issued 650,000 common shares in a registered offering to subscribers for total proceeds of $26,001. As of September 30, 2015, the Company has issued 5,650,000 common shares.

Note 1 - Nature of Operations_

Note 1 - Nature of Operations: Going Concern (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Going Concern	GOING CONCERN These financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. As at September 30, 2015, the Company has a working capital deficiency, has not generated revenues and has accumulated losses of $57,812 since inception. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

Note 2 - Summary of Significa13

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Basis of Presentation	BASIS OF PRESENTATION These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is March 31. .

Note 2 - Summary of Significa14

Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Use of Estimates	USE OF ESTIMATES The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net revenue and expenses in the reporting period. We regularly evaluate our estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation and deferred income tax asset valuation allowances. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by us July differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the actual results, our future results of operations will be affected.

Note 2 - Summary of Significa15

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS The Company considers all highly liquid instruments with original maturities of three months or less when acquired, to be cash equivalents. We had no cash equivalents at September 30, 2015 or March 31, 2015.

Note 2 - Summary of Significa16

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Income Taxes	INCOME TAXES The Company accounts for income taxes under the provisions issued by the FASB which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company computes tax asset benefits for net operating losses carried forward. The potential benefit of net operating losses has not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

Note 2 - Summary of Significa17

Note 2 - Summary of Significant Accounting Policies: Loss Per Common Share (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Loss Per Common Share	LOSS PER COMMON SHARE The Company reports net loss per share in accordance with provisions of the FASB. The provisions require dual presentation of basic and diluted loss per share. Basic net loss per share excludes the impact of common stock equivalents. Diluted net loss per share utilizes the average market price per share when applying the treasury stock method in determining common stock equivalents. As of September 30, 2015 and March 31, 2015, there were no common stock equivalents outstanding.

Note 2 - Summary of Significa18

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS Pursuant to ASC No. 820, “Fair Value Measurements and Disclosures”, the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of September 30, 2015. The Company’s financial instruments consist of cash. The Company considers the carrying value of such amounts in the financial statements to approximate their fair value due to the short-term nature of these financial instruments.

Note 2 - Summary of Significa19

Note 2 - Summary of Significant Accounting Policies: Recently Issued Accounting Standards (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Recently Issued Accounting Standards	RECENTLY ISSUED ACCOUNTING STANDARDS In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updates (ASU) 2015-03 which requires that debt issuance costs be reported in the balance sheet as a direct deduction from the face amount of the related liability, consistent with the presentation of debt discounts. Prior to the amendments, debt issuance costs were presented as a deferred charge (i.e., an asset) on the balance sheet. The ASU provides examples illustrating the balance sheet presentation of notes net of their related discounts and debt issuance costs. Further, the amendments require the amortization of debt issuance costs to be reported as interest expense. Similarly, debt issuance costs and any discount or premium are considered in the aggregate when determining the effective interest rate on the debt. The amendments to (ASU) 2015-03 are effective for the annual period ending after December 15, 2015, and for annual periods and interim periods thereafter. The amendments must be applied retrospectively. Early application is permitted. On November 2014, The Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-16 – Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Finance Instrument Issued in the Form of a Share is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update do not change the current criteria in GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. That is, an entity will continue to evaluate whether the economic characteristics and risks of the embedded derivative feature are clearly and closely related to those of the host contract, among other relevant criteria. The amendments clarify how current GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. The effects of initially adopting the amendments in this Update should be applied on a modified retrospective basis to existing hybrid financial instruments issued in the form of a share as of the beginning of the fiscal year for which the amendments are effective. Retrospective application is permitted to all relevant prior periods. On November 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2014-17 – Business Combinations (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update provide an acquired entity with an option to apply pushdown accounting in its separate financial statements upon occurrence of an event in which an acquirer obtains control of the acquired entity. The amendments in this Update are effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. In August 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updates (ASU) 2014-15 requiring an entity’s management to evaluate whether there are conditions or events, considered in aggregate, that raise substantial doubt about entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). The amendments to (ASU) 2014-15 are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is in the process of evaluating the prospective impact of (ASU) 2014-15 will have on its balance sheet. In June 2014, the FASB Accounting Standards Update 2014-10, Income Taxes Topic 915: Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation

Note 3 - Income Taxes (Policies

Note 3 - Income Taxes (Policies)	6 Months Ended
	Sep. 30, 2015
Policies
Note 3 - Income Taxes	NOTE 3 -INCOME TAXES Deferred income taxes arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. The company does not have any uncertain tax positions. The Company currently has net operating loss carryforwards aggregating $57,812 (2015: $40,698), which expire through 2030. The deferred tax asset related to the carryforwards has been fully reserved. The Company has deferred income tax assets, which have been fully reserved, as follows: September 30, 2015 March 31, 2015 Deferred tax assets $ 19,656 $ 13,837 Valuation allowance for deferred tax assets (19,656) (13,837) Net deferred tax assets $ - $ -