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Eurasia Design Inc. 10-Q --05-31 8000000 false 0001497421 Yes No Smaller Reporting Company No 2012 Q2 2011-11-30

NOTE 1.         BASIS OF PRESENTATION The accompanying unaudited interim financial statements of Eurasia Design Inc. (“Eurasia Design” or the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Eurasia Design’s Annual Report filed with the SEC on Form 10-K.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  Notes to the financial statements which would substantially duplicate the disclosures contained in Eurasia Design’s fiscal 2011 financial statements have been omitted. The Company has evaluated subsequent events through the date these financial statements were issued, and has determined that there were no subsequent events to recognize or disclose in these financial statements.

NOTE 2.         GOING CONCERN These financial statements have been prepared on a going concern basis, which implies Eurasia Design 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 Eurasia Design be unable to continue as a going concern. As of November 30, 2011, Eurasia Design has not generated revenues and has accumulated losses of $62,340 since inception. The continuation of Eurasia Design as a going concern is dependent upon the continued financial support from its shareholders, the ability of Eurasia Design to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding Eurasia Design’s ability to continue as a going concern.

NOTE 3.         RELATED PARTY TRANSACTIONS As of November 30, 2011, Eurasia Design Inc. has a payable to the Company’s president, Mr. John Ferrone, for $13,982 that was used for payment of Company expenses.  These amounts were loaned to the Company in October and December 2010 and October 2011.  The amount is due on demand, has no terms of repayment, is unsecured, and bears no interest.