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Note 3 - Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)
6 Months Ended
Sep. 30, 2014
Policies  
Foreign Currency Translation

(j)             Foreign currency translation

 

The functional currency of the Company is the Great Britain Pound Sterling (“GBP”).  The reporting currency is the United States dollar (US$).  Stockholders’ equity is translated into United States dollars from GBP at historical exchange rates.  Assets and liabilities are translated at the exchange rates as of balance sheet date. Income and expenditures are translated at the average exchange rates prevailing during the reporting period. 

The translation rates are as follows:

 

September 30,

2014

(unaudited)

September 30,

2013

(unaudited)

March 31,

2014

Period end GBP : US$ exchange rate

1.665

1.569

1.667

Average period/yearly GBP : US$ exchange rate

1.688

1.557

1.588

 

Adjustments resulting from translating the financial statements into the United States dollar are recorded as a separate component of accumulated other comprehensive income in Stockholders’ Equity (Deficit).