NOTE
3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis
of Presentation
The
balance sheet as of October 31, 2020, the statements of operations, changes in stockholders’ deficit and cash flows for
the three and nine months ended October 31, 2020 and 2019 have been prepared by the Company without audit, pursuant to the rules
and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures, normally included in
the financial statements prepared in accordance with U.S. GAAP, have been condensed or omitted as allowed by such rules and regulations,
and the Company believes that the disclosures are adequate to make the information presented not misleading. The results of operations
for the three and nine months ended October 31, 2020 are not necessarily indicative of results expected for the full year ending
January 31, 2021. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to
present fairly the Company’s financial position and results of operations at October 31, 2020 and for the nine months then
ended have been made.
It
is suggested that these statements be read in conjunction with the January 31, 2020 audited financial statements and the accompanying
notes included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.
Use
of Estimates
The
preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect
the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements
and the reported amounts of expenses during the reporting period. The Company bases its estimates and judgments on
historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances.
Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates
may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment
changes. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are
appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects
of revisions are reflected in the financial statements in the period they are determined to be necessary. The current COVID-19
pandemic and general economic environment also increase the degree of uncertainty inherent in these estimates and assumptions.
New
Accounting Pronouncements
There
were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact
on our financial position, operations or cash flows.
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