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Nature and Continuance of Operations
12 Months Ended
Oct. 31, 2015
Notes  
Nature and Continuance of Operations

1.  NATURE AND CONTINUANCE OF OPERATIONS

 

Asiya Pearls, Inc. (the "Company") was incorporated in the state of Nevada on September 26, 2013 ("Inception").The Company intends to operate as an on-line imitation jewelry retailer. The Company's corporate headquarters are located in Belgaum, India and its fiscal year-end is October 31.

 

The Company is a development stage company as defined under the current Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 915-205 “Development-Stage Entities” and among the additional disclosures required as a development stage company are that the financial statements were identified as those of a development stage company, and that the statement of operations, stockholders’ equity and cash flows disclosed activity since the date of our Inception (September 26, 2013) as a development stage company. Effective June 10, 2014, FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has elected to early adopt these provisions and consequently these additional disclosures are not included in these financial statements.

 

Although the Company is operational, it has not generated any revenue and is currently seeking additional funding to sustain its operations.

 

The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the Company’s business plan.