UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



Form 10-KSB





X__ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30, 2004.



___TRANSITION REPORT SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______.





TABATHA II, INC.

(Name of small business in its charter)



|Colorado                                       | 0-31751                  | 84-1536518                          
|---------------------------------------------- | ------------------------ | ------------------------------------
|(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number)



|1926 S. Oswego Way Aurora, Colorado      | 80014     
|---------------------------------------- | ----------
|(Address of principal executive offices) | (Zip Code)



Issuer's telephone number:   (303) 752-4637



Securities to be registered under Section 12(b) of the Act:



Title of each class

N/A



Securities to be registered under Section 12(g) of the Act:



Common Stock

(Title of Class)



Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes      No X



Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B contained in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB.



State issuer's revenue for its most recent fiscal year: $ -0-





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State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked priced of such common equity, as of a specified date within the past 60 days (See definition of affiliate in Rule 12b-2 of the Exchange Act): -0-



Note: If determining whether a person is an affiliate will involve an unreasonable effort and expense, the issuer may calculate the aggregate market value of the common equity held by non-affiliates on the basis of reasonable assumptions, if the assumptions are stated.



(Issuers involved in bankruptcy proceedings during the past five years): Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes __ No __



(Applicable only to corporate registrants): State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 8,187,400 as of June 30, 2004.



Documents incorporated by reference.  If the following documents are incorporated by reference, briefly describe them and identify the part of the Form 10-KSB (e.g. Part I, Part II, etc.) into which the document is incorporated: (1) any annual report to security holders; (2) any proxy or information statement; and (3) any prospectus filed pursuant to Rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act").  The listed documents should be clearly described for identification purposes.



Transitional Small Business Disclosure Format (Check one):  Yes ___; No ___











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PART I



ITEM 1.

DESCRIPTION OF BUSINESS.



General



The Company was incorporated under the laws of the State of Colorado on March 17, 2000, and is in the early developmental and promotional stages.  To date, the Company's only activities have been organizational ones, directed at developing its business plan and raising its initial capital. The Company has not commenced any commercial operations. The Company has no full-time employees and owns no real estate. To date, the Company's only activities have been organizational ones, directed at developing its business plan and raising its initial capital. The Company has not commenced any commercial operations. The Company has no full-time employees and owns no real estate. As of the end of its fiscal year June 30, 2004, the Company had not identified any business opportunity that it planned to pursue, nor had the Company reached any agreement or definitive understanding with any person concerning an acquisition. No assurance can be given that the Company will be successful in finding or acquiring a desirable business opportunity, given the limited funds that are expected to be available for acquisitions, or that any acquisition that occurs will be on terms that are favorable to the Company or its stockholders. The Company's search has been directed toward enterprises which have a desire to be become a public corporation and which have a business plan designed to allow them to take advantage of opportunities available to public entities. This includes entities which have been recently organized, with no operating history, or a history of losses attributable to under-capitalization or other factors, entities in need of funds to develop a new product or service or to expand into a new market, entities which desire to use their securities to make acquisitions, and entities which have a combination of these characteristics. In searching for investment opportunities, the Company is not restricted to any particular geographical area or industry. Therefore, subject to economic conditions, limitations on its ability to locate available business opportunities, and other factors, the Company has substantial discretion in selecting an appropriate business opportunity. In connection with any acquisition, it is highly likely that an amount of stock constituting control of the Company would be issued by the Company or purchased from the Company's current principal shareholders by the target entity or its controlling shareholders.



Other Entities



The officers, directors and principal shareholders of the Company are also the officers, directors and principal shareholders of four other corporations which were formed at the same time as the Company.  Each of these other corporations has the same business plan as the Company.





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Investigation and Selection of Business Opportunities

To a large extent, a decision to participate in a specific business opportunity may be made upon management's analysis of the quality of the other company's management and personnel, the anticipated acceptability of new products or marketing concepts, the merit of technological changes, and numerous other factors which are difficult, if not impossible, to analyze through the application of any objective criteria. In many instances, it is anticipated that the historical operations of a specific firm may not necessarily be indicative of the potential for the future because of the possible need to shift marketing approaches substantially, expand significantly, change product emphasis, change or substantially augment management, or make other changes. Because the Company may participate in a business opportunity with a newly organized firm or with a firm which is entering a new phase of growth, it should be emphasized that the Company will incur further risks, because management in many instances will not have proved its abilities or effectiveness, the eventual market for such company's products or services will likely not be established, and such company may not be profitable when acquired. It is anticipated that the Company will not be able to diversify, but will essentially be limited to one such venture because of the Company's limited financing. This lack of diversification will not permit the Company to offset potential losses from one business opportunity against profits from another, and should be considered an adverse factor affecting any decision to purchase the Company's securities. It is emphasized that management of the Company may effect transactions having a potentially adverse impact upon the Company's shareholders pursuant to the authority and discretion of the Company's management to complete acquisitions without submitting any proposal to the stockholders for their consideration. Company management does not generally anticipate that it will provide holders of the Company's securities with financial statements, or any other documentation, concerning a target company or its business prior to any merger or acquisition.  In some instances, however, the proposed participation in a business opportunity may be submitted to the stockholders for their consideration, either voluntarily by Company management which elects to seek the stockholders' advice and consent, or because state law so requires.  The analysis of business opportunities will be undertaken by or under the supervision of the Company's executive officers and directors.  Although there are no current plans to do so, Company management might hire an outside consultant to assist in the investigation and selection of business opportunities, and in that event, might pay a finder's fee.  Since Company management has no current plans to use any outside consultants or advisors to assist in the investigation and selection of business opportunities, no policies have been adopted regarding use of such consultants or advisors, the criteria to be used in selecting such consultants or advisors, the services to be provided, the term of service, or regarding the total amount of fees that may be paid. However, because of the limited resources of the Company, it is likely that any such fee the Company agrees to pay would be paid in stock and not in cash. Otherwise, the Company anticipates that it will consider, among other things, the following factors:



(1)

Potential for growth and profitability, indicated by new technology, anticipated market expansion, or new products;

(2)

Strength and diversity of existing management, or management prospects that are scheduled for recruitment;

(3)

Capital requirements and anticipated availability of required funds, to be provided from operations, through the sale of additional securities, through joint ventures or similar arrangements, or from other sources;

(4)

The Company's perception of how any particular business opportunity will be received by the investment community and by the Company's stockholders;

(5)

The availability of audited financial statements for the business opportunity; and



(6)

Whether, following the business combination, the financial condition of the business opportunity would be, or would have a significant prospect in the foreseeable future of becoming sufficient to enable the securities of the Company to qualify for listing on an exchange or on a national automated securities quotation system, such as NASDAQ.





4





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No one of the factors described above will be controlling in the selection of a business opportunity, and management will attempt to analyze all factors appropriate to the opportunity and make a determination based upon reasonable investigative measures and available data. Potential investors must recognize that, because of the Company's limited capital available for investigation and management's limited experience in business analysis, the Company may not discover or adequately evaluate adverse facts about the opportunity to be acquired. The Company is unable to predict when it may participate in a business opportunity and it has not established any deadline for completion of a transaction. It expects, however, that the process of seeking candidates, analysis of specific proposals and the selection of a business opportunity may require several additional months or more. Company management believes that various types of potential merger or acquisition candidates might find a business combination with the Company to be attractive. These include acquisition candidates desiring to create a public market for their shares in order to enhance liquidity for current shareholders, acquisition candidates which have long-term plans for raising equity capital through the public sale of securities and believe that the possible prior existence of a public market for their securities would be beneficial, and acquisition candidates which plan to acquire additional assets through issuance of securities rather than for cash, and believe that the possibility of development of a public market for their securities will be of assistance in that process. Acquisition candidates which have a need for an immediate cash infusion are not likely to find a potential business combination with the Company to be an attractive alternative.



Form of Acquisition





It is impossible to predict the manner in which the Company may participate in a business opportunity. Specific business opportunities will be reviewed as well as the respective needs and desires of the Company and the promoters of the opportunity and, upon the basis of that review and the relative negotiating strength of the Company and such promoters, the legal structure or method deemed by management to be suitable will be selected. Such structure may include, but is not limited to leases, purchase and sale agreements, licenses, joint ventures and other contractual arrangements. The Company may act directly or indirectly through an interest in a partnership, corporation or other form of organization. Implementing such structure may require the merger, consolidation or reorganization of the Company with other corporations or forms of business organization. In addition, the present management and stockholders of the Company most likely will not have control of a majority of the voting shares of the Company following a reorganization transaction. As part of such a transaction, the Company's directors may resign and new directors may be appointed without any vote by stockholders. It is likely that the Company will acquire its participation in a business opportunity through the issuance of Common Stock or other securities of the Company. Although the terms of any such transaction cannot be predicted, it should be noted that in certain circumstances the criteria for determining whether or not an acquisition is a so-called "tax free" reorganization under the Internal Revenue Code of 1986, depends upon the issuance to the stockholders of the acquired company of up to 80% of the common stock of the combined entities immediately following the reorganization. If a transaction were structured to take advantage of these provisions rather than other "tax free" provisions provided under the Internal Revenue Code, the Company's stockholders in such circumstances would retain in the aggregate 20% or less of the total issued and outstanding shares. This could result in substantial additional dilution in the equity of those who were stockholders of the Company prior to such reorganization. Any such issuance of additional shares might also be done simultaneously with a sale or transfer of shares representing a controlling interest in the Company by the current officers, directors and principal shareholders. (See "Description of Business - General").  It is anticipated that any securities issued in any reorganization would be issued in reliance upon exemptions, if any are available, from registration under applicable federal and state securities laws. In some circumstances, however, as a negotiated element of the transaction, the Company may agree to register such securities either at the time the transaction is consummated, or under certain conditions at specified times thereafter. The issuance of substantial additional securities and their potential sale into any trading market that might develop in the Company's securities may have a depressive effect upon such market. The Company will participate in a business opportunity only after the negotiation and execution of a written agreement. Although the terms of such agreement cannot be predicted, generally such an agreement would require specific representations and warranties by all of the parties thereto, specify certain events of default, detail the terms of closing and the conditions which must be satisfied by each of the parties thereto prior to such closing, outline the manner of bearing costs if the transaction is not closed, set forth remedies upon default, and include miscellaneous other terms. Competition The Company expects to encounter substantial competition in its efforts to locate attractive opportunities, primarily from business development companies, venture capital partnerships and corporations, venture capital affiliates of large industrial and financial companies, small investment companies, and wealthy individuals. Many of these entities will have significantly greater experience, resources and managerial capabilities than the Company and will therefore be in a better position than the Company to obtain access to attractive business opportunities. The Company also will experience competition from other public "blind pool" companies, many of which may have more funds available than does the Company.





5





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Administrative Offices



The Company currently maintains a mailing address at 1926 S. Oswego Way, Aurora, Colorado 80014, which is the office address of its Secretary. The Company's telephone number there is (303) 752-4637. Other than this mailing address, the Company does not currently maintain any other office facilities, and does not anticipate the need for maintaining office facilities at any time in the foreseeable future. The Company pays no rent or other fees for the use of this mailing address.



Employees



The Company is a development stage company and currently has no employees. Management of the Company expects to use consultants, attorneys and accountants as necessary, and does not anticipate a need to engage any full-time employees so long as it is seeking and evaluating business opportunities. The need for employees and their availability will be addressed in connection with the decision whether or not to acquire or participate in specific business opportunities. No remuneration will be paid to the Company's officers except as set forth under "Executive Compensation" and under "Certain Relationships and Related Transactions."



CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.





Except for historical matters, the matters discussed in this Form 10-KSB are forward-looking statements based on current expectations, and involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements under the following headings:



(i)

"Description of Business - General" - the general description of the Company's plan to seek a merger or acquisition candidate, and the types of business opportunities that may be pursued.

(ii)

"Description of Business - Investigation and Selection of Business Opportunities" - the steps which may be taken to investigate prospective business opportunities, and the factors which may be used in selecting a business opportunity.

(iii)

"Description of Business - Form of Acquisition" - the manner in which the Company may participate in a business acquisition. The Company wishes to caution the reader that there are many uncertainties and unknown factors which could affect its ability to carry out its business plan in the manner described herein.



ITEM 2.

DESCRIPTION OF PROPERTY.



The Company currently maintains a mailing address at 1926 S. Oswego Way, Aurora, Colorado 80014, which is the address of its Secretary. The Company pays no rent for the use of this mailing address, however, for financial statement purposes, the Company is accruing $50 per month as additional paid-in capital for this use. The Company does not believe that it will need to maintain an office at any time in the foreseeable future in order to carry out its plan of operations described herein. The Company's telephone number is (303) 752-4637. The Company currently has no investments in real estate, real estate mortgages, or real estate securities, and does not anticipate making any such investments in the future. However, the policy of the Company with respect to investment in real estate assets could be changed in the future without a vote of security holders.



ITEM 3.

LEGAL PROCEEDINGS.



The Company is not a party to any pending legal proceedings, and no such proceedings are known to be contemplated. No director, officer or affiliate of the Company, and no owner of record or beneficial owner of more than 5.0% of the securities of the Company, or any associate of any such director, officer or security holder is a party adverse to the Company or has a material interest adverse to the Company in reference to pending litigation.



ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.



No matters were submitted to a vote of the security holders of the Company during the fourth quarter of the fiscal year which ended June 30, 2004.

PART II





ITEM 5.

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS. There is not currently a public trading market for the Company's securities. Such securities are currently held of record by a total of approximately 44 persons. No dividends have been declared or paid on the Company's securities, and it is not anticipated that any dividends will be declared or paid in the foreseeable future.





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ITEM 6.

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.



Liquidity and Capital Resources



As of June 30, 2004, the Company remains in the development stage. For the fiscal year ended June 30, 2004, the Company's balance sheet reflects current and total assets of 5,485, in the form of cash and cash equivalents, and current liabilities of $434. The Company will carry out its plan of business as discussed above. The Company cannot predict to what extent its liquidity and capital resources will be diminished prior to the consummation of a business combination or whether its capital will be further depleted by the operating losses (if any) of the business entity which the Company may eventually acquire.



Results of Operations



During the period from March 17, 2000 (inception) through June 30, 2004, the Company has engaged in no significant operations other than organizational activities, acquisition of capital and preparation and filing of its registration statement on Form 10-SB under the Securities Exchange Act of 1934, as amended, compliance with its periodical reporting requirements and initial efforts to locate a suitable merger or acquisition candidate. No revenues were received by the Company during this period.



Plan of Operations



For the fiscal year ending June 30, 2004, the Company expects to continue its efforts to locate a suitable business acquisition candidate and thereafter to complete a business acquisition transaction. The Company anticipates incurring a loss for the fiscal year as a result of expenses associated with compliance with the reporting requirements of the Securities Exchange Act of 1934, and expenses associated with locating and evaluating acquisition candidates.  The Company does not expect to generate revenues until it completes a business acquisition, and, depending upon the performance of the acquired business, it may also continue to operate at a loss after completion of a business combination.



Need for Additional Financing





During the fiscal year ending June 30, 2004, the Company plans to continue with efforts to seek, investigate, and, if warranted, acquire one or more properties or businesses. The Company also plans to file all required periodical reports and to maintain its status as a fully-reporting Company under the Securities Exchange Act of 1934. In order to proceed with its plans for the next year, it is anticipated that the Company will require additional capital in order to meet its cash needs. These include the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended, as well as any costs the Company may incur in seeking business opportunities. No specific commitments to provide additional funds have been made by management or other stockholders, and the Company has no current plans, proposals, arrangements or understandings with respect to the sale or issuance of additional securities prior to the location of a merger or acquisition candidate. Accordingly, there can be no assurance that any additional funds will be available to the Company to allow it to cover its expenses. Notwithstanding the foregoing, to the extent that additional funds are required, the Company anticipates receiving such funds in the form of advancements from current shareholders without issuance of additional shares or other securities, or through the private placement of restricted securities rather than through a public offering. The Company may also seek to compensate providers of services by issuances of stock in lieu of cash. For information as to the Company's policy in regard to payment for consulting services, see "Certain Relationships and Transactions."



ITEM 7.

FINANCIAL STATEMENTS.



See following pages.





7





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Tabatha II, Inc.

(A Development Stage Company)





|Report of Independent Registered Public Accounting Firm | F-1
|------------------------------------------------------- | ---
|Balance Sheet                                           | F-2
|Statements of Operations                                | F-3
|Statement of Stockholders' Equity (Deficit)             | F-4
|Statements of Cash Flows                                | F-5
|Notes to Financial Statements                           | F-6





8





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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



The Board of Directors and Stockholders of

Tabatha II, Inc.





We have audited the accompanying balance sheet of Tabatha II, Inc. (a development stage company) as of June 30, 2004, and the related statements of operations, stockholders= equity, and cash flows for the year ended June 30, 2004, for the year ended June 30, 2003, and for the initial period from inception (March 17, 2000) to June 30, 2004.  These financial statements are the responsibility of the Company=s management.  Our responsibility is to express an opinion on these financial statements based on our audits.



We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.



In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Tabatha II, Inc. as of June 30, 2004, and the results of its operations and cash flows for the year ended June 30, 2004, for the year ended June 30, 2003, and for the initial period from inception (March 17, 2000) to June 30, 2004, in conformity with U.S. generally accepted accounting principles.



|Denver, Colorado
Date: July 19, 2004 | Comiskey & Company
PROFESSIONAL CORPORATION
|------------------------------------ | -------------------------------------------





















F-1





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Tabatha II, Inc.

(A Development Stage Company)

BALANCE SHEET

June 30, 2004



|                     | ASSETS                                     |                                                     |  |                         
|-------------------- | ------------------------------------------ | --------------------------------------------------- |  | ------------------------
|                     |                                            |                                                     |  |                         
|CURRENT ASSETS       |                                            |                                                     | 
|                     | Cash and cash equivalents                  |                                                     |  | $                  5,485
|                     |                                            |                                                     |  |                         
|                     |                                            | Total current assets                                |  |                         
|                     |                                            |                                                     |  |                         
|                     |                                            | TOTAL ASSETS                                        |  |                         
|                     |                                            |                                                     |  |                         
|                     |                                            |                                                     |  |                         
|                     |                                            |                                                     |  |                         
|                     | LIABILITIES AND STOCKHOLDERS' EQUITY       |                                                     | 
|                     |                                            |                                                     |  |                         
|CURRENT LIABILITIES  |                                            |                                                     | 
|                     | Accounts payable                           |                                                     |  | $                    434
|                     |                                            |                                                     |  |                         
|                     |                                            | Total current liabilities                           |  |                         
|                     |                                            |                                                     |  |                         
|STOCKHOLDERS' EQUITY |                                            |                                                     | 
|                     | Preferred stock, no par value; 10,000,000  |                                                     | 
|                     |                                            | shares authorized; no shares issued and outstanding |  | -                       
|                     | Common stock, no par value; 100,000,000    |                                                     | 
|                     |                                            | shares authorized; 8,187,400 shares issued and      |  |                         
|                     |                                            | outstanding at June 30, 2004                        |  |                         
|                     | Stock issued for prepaid services          |                                                     |  | (8,700)                 
|                     | Deficit accumulated during the development |                                                     | 
|                     |                                            | stage                                               |  |                         
|                     |                                            |                                                     |  |                         
|                     |                                            |                                                     |  |                         
|                     |                                            |                                                     |  |                         
|                     |                                            | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY          |  | $                  5,485



The accompanying notes are an integral part of the financial statements.



F-2





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Tabatha II, Inc.

(A Development Stage Company)

STATEMENTS OF OPERATIONS



|                           |                                     |                      |                      | For the period        |                        |             
|-------------------------- | ----------------------------------- | -------------------- | -------------------- | --------------------- | ---------------------- | ------------
|                           |                                     |                      |                      | from inception        | For the year           | For the year
|                           |                                     |                      |                      | (March 17, 2000)      | ended                  | ended       
|                           |                                     |                      |                      | to June 30,           | June 30,               | June 30,    
|                           |                                     |                      |                      | 2004                  | 2004                   | 2003        
|REVENUES                   |                                     |                      |                      |                      
|                           | Interest income                     |                      | $                239 | $                   1 | $                    5
|                           |                                     |                      |                      |                       |                        |             
|EXPENSES                   |                                     |                      |                      |                      
|                           | Selling, general and administrative | 43,746               | 221                  | -                    
|                           | Accounting                          |                      | 7,414                | 2,409                 | 2,109                 
|                           | Consulting                          |                      | 5,000                | 4,000                 | 1,000                 
|                           | Legal                               |                      | 4,174                | 425                   | 33                    
|                           | Rent                                |                      | 2,550                | 600                   | 600                   
|                           | Office supplies                     |                      | 1,279                | 631                   | -                     
|                           | Non-cash compensation               |                      | 13,300               | -                     | -                     
|                           |                                     |                      |                      |                       |                        |             
|                           |                                     | Total expenses       |                      | 77,463                | 8,286                  | 3,742       
|                           |                                     |                      |                      |                       |                        |             
|NET LOSS                   |                                     | (77,224)             | (8,285)              | (3,737)              
|                           |                                     |                      |                      |                       |                        |             
|Accumulated deficit        |                                     |                      |                      |                      
|                           |                                     |                      |                      |                       |                        |             
|                           | Balance, beginning of period        |                      | -                    | (68,939)              | (65,202)              
|                           |                                     |                      |                      |                       |                        |             
|                           | Balance, end of period              |                      | $         (77,224)   | $         (77,224)    | $           (68,939)  
|                           |                                     |                      |                      |                       |                        |             
|NET LOSS PER SHARE         |                                     | $             (0.01) | $             (NIL)  | $              (NIL) 
|                           |                                     |                      |                      |                       |                        |             
|WEIGHTED AVERAGE NUMBER OF |                                     |                      |                     
|SHARES OUTSTANDING         |                                     | 9,786,439            | 9,209,191            | 9,962,500            





The accompanying notes are an integral part of the financial statements.





F-3





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Tabatha II, INC.

(A Development Stage Company)

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

For the initial period from inception (March 17, 2000) to June 30, 2004



|                                     |                                    |             |               |              |               |                | Deficit     |              
|------------------------------------ | ---------------------------------- | ----------- | ------------- | ------------ | ------------- | -------------- | ----------- | -------------
|                                     |                                    |             |               |              |               | Common         | accumulated |              
|                                     |                                    |             | Price         | Common Stock | stock issued  | during the     | Total      
|                                     |                                    |             | per           | Number of    |               | for prepaid    | development | stockholders'
|                                     |                                    |             | share         | shares       | Amount        | services       | stage       | equity       
|Common stock issued for cash,        |                                    |             |               |              |               |               
|                                     | March 1, 2000                      | $    0.005  | 900,000       | $     4,500  | $           - | $            - | $     4,500
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for services,    |                                    |             |               |              |              
|                                     | March 1, 2000                      | 0.005       | 8,100,000     | 40,500       | -             | -              | 40,500     
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for services,    |                                    |             |               |              |              
|                                     | April 1, 2000                      | 0.01        | 300,000       | 3,000        | -             | -              | 3,000      
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for cash,        |                                    |             |               |              |               |               
|                                     | April 3, 2000 through May 30, 2000 | 0.01        | 660,000       | 6,600        | -             | -              | 6,600      
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for services,    |                                    |             |               |              |              
|                                     | May 18, 2000                       | 0.01        | 2,500         | 25           | -             | -              | 25         
|                                     |                                    |             |               |              |               |                |             |              
|Rent at no charge                    |                                    | -           | 150           | -            | -             | 150           
|                                     |                                    |             |               |              |               |                |             |              
|Net loss for the period ended        |                                    |             |               |              |               |               
|June 30, 2000                        |                                    | -           | -             | -            | (44,766)      | (44,766)      
|                                     |                                    |             |               |              |               |                |             |              
|Balance, June 30, 2000               |                                    | 9,962,500   | 54,775        | -            | (44,766)      | 10,009        
|                                     |                                    |             |               |              |               |                |             |              
|Common stock warrants issued         |                                    |             |               |              |               |               
|                                     | for services, December 4, 2000     |             | -             | 13,300       | -             | -              | 13,300     
|                                     |                                    |             |               |              |               |                |             |              
|Rent at no charge                    |                                    | -           | 600           | -            | -             | 600           
|                                     |                                    |             |               |              |               |                |             |              
|Net loss for the year ended          |                                    |             |               |              |               |               
|June 30, 2001                        |                                    | -           | -             | -            | (17,266)      | (17,266)      
|                                     |                                    |             |               |              |               |                |             |              
|Balance, June 30, 2001               |                                    | 9,962,500   | 68,675        | -            | (62,032)      | 6,643         
|                                     |                                    |             |               |              |               |                |             |              
|Rent at no charge                    |                                    | -           | 600           | -            | -             | 600           
|                                     |                                    |             |               |              |               |                |             |              
|Net loss for the year ended          |                                    |             |               |              |               |               
|June 30, 2002                        |                                    | -           | -             | -            | (3,170)       | (3,170)       
|                                     |                                    |             |               |              |               |                |             |              
|Balance, June 30, 2002               |                                    | 9,962,500   | 69,275        | -            | (65,202)      | 4,073         
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for cash,        |                                    |             |               |              |               |               
|June 30, 2003                        | 0.01                               | 99,900      | 1,000         | -            | -             | 1,000         
|                                     |                                    |             |               |              |               |                |             |              
|Rent at no charge                    |                                    | -           | 600           | -            | -             | 600           
|                                     |                                    |             |               |              |               |                |             |              
|Net loss for the year ended          |                                    |             |               |              |               |               
|June 30, 2003                        |                                    | -           | -             | -            | (3,737)       | (3,737)       
|                                     |                                    |             |               |              |               |                |             |              
|Balance, June 30, 2003               |                                    | 10,062,400  | 70,875        | -            | (68,939)      | 1,936         
|                                     |                                    |             |               |              |               |                |             |              
|Common stock surrendered,            |                                    |             |               |              |               |               
|March 1, 2004                        |                                    | (2,850,000) | -             | -            | -             | -             
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for cash,        |                                    |             |               |              |               |               
|May 21, 2004                         | 0.02                               | 75,000      | 1,500         | -            | -             | 1,500         
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for cash,        |                                    |             |               |              |               |               
|May 26, 2004                         | 0.02                               | 125,000     | 2,500         | -            | -             | 2,500         
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for services,    |                                    |             |               |              |              
|May 27, 2004                         | 0.02                               | 600,000     | 12,000        | (12,000)     | -             | -             
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for cash,        |                                    |             |               |              |               |               
|May 31, 2004                         | 0.02                               | 125,000     | 2,500         | -            | -             | 2,500         
|                                     |                                    |             |               |              |               |                |             |              
|Common stock issued for services,    |                                    |             |               |              |              
|June 09, 2004                        | 0.02                               | 50,000      | 1,000         | (1,000)      | -             | -             
|                                     |                                    |             |               |              |               |                |             |              
|Rent at no charge                    |                                    | -           | 600           | -            | -             | 600           
|                                     |                                    |             |               |              |               |                |             |              
|Net income (loss) for the year ended |                                    |             |               |              |               |               
|                                     | June 30, 2004                      |             | -             | -            | 4,300         | (8,285)        | (3,985)    
|                                     |                                    |             |               |              |               |                |             |              
|Balance, June 30, 2004               |                                    | 8,187,400   | $      90,975 | $   (8,700)  | $   (77,224)  | $     5,051   
|                                     |                                    |             |               |              |               |                |             |              





The accompanying notes are an integral part of the financial statements.





F-4





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Tabatha II, INC.

(A Development Stage Company)

STATEMENTS OF CASH FLOWS



|                                     |                          |                                 |                                   |                                          | For the period     |              |             
|------------------------------------ | ------------------------ | ------------------------------- | --------------------------------- | ---------------------------------------- | ------------------ | ------------ | ------------
|                                     |                          |                                 |                                   |                                          | from inception     | For the year | For the year
|                                     |                          |                                 |                                   |                                          | (March 17, 2000)   | ended        | ended       
|                                     |                          |                                 |                                   |                                          | to June 30,        | June 30,     | June 30,    
|                                     |                          |                                 |                                   |                                          | 2004               | 2004         | 2003        
|CASH FLOWS FROM OPERATING ACTIVITIES |                          |                                 |                                  
|                                     | Net loss                 | $        (77,224)               | $        (8,285)                  | $       (3,737)                         
|                                     | Adjustments to reconcile |                                 |                                   |                                         
|                                     |                          | net loss to net cash flows from |                                   |                                          |                   
|                                     |                          | operating activities:           |                                   |                                          |                   
|                                     |                          |                                 | Rent expense                      | 2,550                                    | 600                | 600         
|                                     |                          |                                 | Stock issued for services         | 56,525                                   | 13,000             | -           
|                                     |                          |                                 | Stock issued for prepaid services | (8,700)                                  | (8,700)            | -           
|                                     |                          |                                 | Warrants issued for services      | 13,300                                   | -                  | -           
|                                     |                          |                                 | Increase in accounts payable      | 434                                      | 78                 | 356         
|                                     |                          |                                 |                                   |                                          |                    |              |             
|                                     |                          |                                 |                                   | Net cash flows from operating activities | (13,115)           | (3,307)      | (2,781)     
|                                     |                          |                                 |                                   |                                          |                    |              |             
|CASH FLOWS FROM INVESTING ACTIVITIES | -                        | -                               | -                                
|                                     |                          |                                 |                                   |                                          |                    |              |             
|CASH FLOWS FROM FINANCING ACTIVITIES |                          |                                 |                                  
|                                     | Issuance of common stock | 18,600                          | 6,500                             | 1,000                                   
|                                     |                          |                                 |                                   |                                          |                    |              |             
|                                     |                          |                                 |                                   | Net cash flows from financing activities | 18,600             | 6,500        | 1,000       
|                                     |                          |                                 |                                   |                                          |                    |              |             
|NET INCREASE (DECREASE) IN CASH      |                          |                                 |                                  
|                                     |                          | AND CASH EQUIVALENTS            | 5,485                             | 3,193                                    | (1,781)           
|                                     |                          |                                 |                                   |                                          |                    |              |             
|CASH AND CASH EQUIVALENTS,           |                          |                                 |                                  
|                                     |                          | BEGINNING OF PERIOD             | -                                 | 2,292                                    | 4,073             
|                                     |                          |                                 |                                   |                                          |                    |              |             
|CASH AND CASH EQUIVALENTS,           |                          |                                 |                                  
|                                     |                          | END OF PERIOD                   | $            5,485                | $          5,485                         | $            2,292



The accompanying notes are an integral part of the financial statements.



F-5





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Tabatha II, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

June 30, 2004



1.

Summary of Significant Accounting Policies

Development Stage Company

Tabatha II, Inc. (a development stage company) (the "Company") was incorporated under the laws of the State of Colorado on March 17, 2000.  The principal office of the corporation is 1926 South Oswego Way, Aurora, Colorado 80014.



The Company is a new enterprise in the development stage as defined by Statement No. 7 of the Financial Accounting Standards Board and has not engaged in any business other than organizational efforts. It has no full-time employees and owns no real property. The Company intends to operate as a capital market access corporation by registering with the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934.  After this, the Company intends to seek to acquire one or more existing businesses that have existing management, through merger or acquisition.  Management of the Company will have virtually unlimited discretion in determining the business activities in which the Company might engage.

Accounting Method

The Company records income and expenses on the accrual method.

Fiscal Year

The fiscal year of the Company is June 30.

Loss per Share

Loss per share was computed using the weighted average number of shares outstanding during the period.  Shares issued to insiders in anticipation of any public offering have been accounted for as outstanding since inception.

Financial Instruments

Unless otherwise indicated, the fair value of all reported assets and liabilities that represent financial instruments (none of which are held for trading purposes) approximate the carrying values of such amount.

Organization Costs

Costs to incorporate the Company were expensed as incurred.

Statements of Cash Flows

For purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.

Use of Estimates

The preparation of the Company's financial statements in conformity with generally accepted accounting principles requires the Company's management to make estimates and assumptions that effect the amounts reported in these financial statements and accompanying notes.  Actual results could differ from those estimates.



F-6





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Tabatha II, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

June 30, 2004



1.

Summary of Significant Accounting Policies (continued)

Consideration of Other Comprehensive Income Items

SFAS 130 - Reporting Comprehensive Income, requires companies to present comprehensive income (consisting primarily of net income plus other direct equity changes and credits) and its components as part of the basic financial statements.  For the year ended June 30, 2004, the Company=s financial statements do not contain any changes in equity that are required to be reported separately in comprehensive income.

Stock Basis

Shares of common stock issued for other than cash have been assigned amounts equivalent to the fair value of the service or assets received in exchange.

Impairment or Disposal of Long-Lived Assets

In August 2001, the FASB issued Statement No. 144, AAccounting for the Impairment or Disposal of Long-Lived Assets@ (AFAS 144@).  FAS 144 clarifies the accounting for the impairment of long-lived assets and for long-lived assets to be disposed of, including the disposal of business segments and major lines of business.  The Company has implemented FAS 144 for this fiscal year.  Long-lived assets are reviewed when facts and circumstances indicate that the carrying value of the asset may not be recoverable.  When necessary, impaired assets are written down to estimated fair value based on the best information available.  Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows.  Considerable management judgment is necessary to estimate discounted future cash flows.  Accordingly, actual results could vary significantly from such estimates.



No impairment was recorded in the fiscal year ending June 30, 2004.



2.

Stockholders' Equity

As of June 30, 2004, 100,000,000 shares of the Company=s no par value common stock had been authorized, of which 8,187,400 were issued and outstanding.



The Company is authorized to issue up to 10,000,000 shares of preferred stock, in series, as determined by the Board of Directors.  As of June 30, 2004, no preferred shares have been designated or issued.



Warrants to purchase 2,660,000 shares of common stock at $0.05 per share were issued on December 4, 2000.  The warrants were issued for services valued at $13,300.  The warrants expire December 3, 2004.  The warrants were surrendered and cancelled by the Company in the year ended June 30, 2004.



On March 1, 2004, 2,850,000 shares of common stock were surrendered by the President of the Company concurrent with his resignation as President and Director.  The Company immediately cancelled these shares.



75,000 shares of common stock were issued on May 21, 2004.  The shares were issued for cash of $1,500.



125,000 shares of common stock were issued on May 26, 2004.  The shares were issued for cash of $2,500.





F-7







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Tabatha II, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

June 30, 2004



2.

Stockholders' Equity (continued)

600,000 shares of common stock were issued on May 27, 2004.  The shares were issued for services valued at $12,000.  The services are to be provided from March 2004 to March 2005.



50,000 shares of common stock were issued on May 31, 2004.  The shares were issued for services valued at $1,000.  The services are to be provided from March 2004 to March 2005.



75,000 shares of common stock were issued on May 31, 2004.  The shares were issued for cash of $1,500.



50,000 shares of common stock were issued on June 9, 2004.  The shares were issued for cash of $1,000.



3.

Related Party Transactions

As of the date hereof, officers and directors of the Company are the owners of 5,741,600 shares of its issued and outstanding common stock, constituting approximately 71% of the Company=s issued and outstanding common stock.  The shares were issued for cash and services from $0.005 to $0.01 per share.



Officers and directors are reimbursed for all out-of-pocket expenses.



Rent is being provided to the Company at no charge.  For purposes of the financial statements, the Company is accruing $50 per month as common stock for this use.



4.

Income Taxes

The Company has Federal net operating loss carryforwards of approximately $77,000 expiring between the years 2019 through 2022.  The tax benefit of these net operating losses is approximately $15,000 and has been offset by a full allowance for realization.  For the year ended June 30, 2004, the allowance increased by $1,637.  This carryforward may be limited upon consummation of a business combination under IRC Section 381.

















F-8





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ITEM 8.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE



There have been no changes in or disagreements with the Company=s accountants on accounting and financial disclosure.



ITEM  8A.

CONTROLS AND PROCEDURES.





The Securities and Exchange Commission defines the term disclosure controls and procedures to mean a company=s controls and other procedures that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commissions rules and forms.   The Company maintains such a system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC's rules and forms.



Based on an evaluation performed, the Company's certifying officers have concluded that the disclosure controls and procedures were effective as of June 30, 2004, to provide reasonable assurance of the achievement of these objectives.



There was no change in the Company's internal control over financial reporting during the fiscal year ended June 30, 2004, that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.



ITEM 8B.

OTHER INFORMATION.



None.



PART III



ITEM 9.

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.



The directors and executive officers currently serving the Company are as follows:

|Name         | Age | Positions Held and Tenure                                         
|------------ | --- | ------------------------------------------------------------------
|John Ballard | 46  | President, Chief Financial Officer and a Director since April 2004
|Diane Thelen | 58  | Secretary, Treasurer, and a Director since  March 2000            



The directors named above will serve until the next annual meeting of the Company's stockholders.  Thereafter, directors will be elected for one-year terms at the annual stockholders' meeting.  Officers will hold their positions at the pleasure of the board of directors, absent any employment agreement, of which none currently exists or is contemplated.  There is no arrangement or understanding between any of the directors or officers of the Company and any other person pursuant to which any director or officer was or is to be selected as a director or officer.



17





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The directors and officers will devote their time to the Company's affairs on an "as needed" basis, which, depending on the circumstances, could amount to as little as two hours per month, or more than forty hours per month, but more than likely will fall within the range of five to ten hours per month.

Biographical Information



John Ballard, Chief Financial Officer

On September 30, 2003, John Ballard became Chief Financial Officer of Worldwide Manufacturing USA, Inc., a publicly traded company headquartered in California. John Ballard has more than fifteen years of business management, project management, and accounting experience. From January 2002 to the present, Mr. Ballard has been a financial consultant and director of Reveal Systems, Inc., a software development company and internet provider based in Longmont, Colorado. Mr. Ballard was the Chief Financial Officer of Call Solutions Inc., a publicly traded company, from October 1999 to November 2002. Call Solutions was in the business of opening call centers. From1997-1999 Mr. Ballard owned and operated the food operations Cookies N Kreme and  Lincoln Street Cafe in the Denver Metropolitan Area.  In 1993, Mr. Ballard retired and he traveled until 1997.  From 1988 to 1993, Mr. Ballard was Chief Financial Officer for Apple Sundries, Inc., a Denver retail chain. Since 1999, Mr. Ballard has been a major shareholder, owning 10% or more, and a consultant in three other blank check companies, Tabatha I, Inc., Tabatha IV, Inc., and Tabatha V, Inc. Mr. Ballard holds a Bachelor of Science Degree in Management and Marketing from the University of Colorado where he graduated Magna Cum Laude. Mr. Ballard also holds a Masters of Business in Administration from Regis University.



Diane Thelen, Secretary/Treasurer and a director



Diane Thelen, the Company's Secretary/Treasurer and a director, has managed and developed luxury high-rise residential, retail, industrial and large office building complexes for over twenty-two years. She has written numerous articles on safety issues regarding large office complexes, as well as articles advocating the needs of real estate managers to state legislators. Ms. Thelen is an officer and director of three other corporations which were incorporated on March 17, 2000, and which were formed to seek acquisitions. She is the Secretary/Treasurer of Tabatha I, Inc. Tabatha IV, Inc., and Tabatha V, Inc. Ms. Thelen is a Certified Property Manager (CPM) (Institute of Real Estate Management) and a Real Property Administrator (RPA) (Building Owners and Managers Association.)



Compliance With Section 16(a) of the Exchange Act.



For the fiscal year ending June 30, 2004, all of the company=s officers, directors and principal shareholders have filed reports required under Section 16(a).



Code of Ethics

Tabatha II, Inc. has not yet adopted a code of ethics which applies to the chief executive officer, or principal financial and accounting officer or controller, or persons performing similar functions due to several factors. Tabatha II, Inc. a reporting Ablind pool@ company whose shares have not yet traded.



ITEM 10.

EXECUTIVE COMPENSATION.



No officer or director received any remuneration from the Company during the fiscal year.  Until the Company acquires additional capital, it is not intended that any officer or director will receive compensation from the Company other than reimbursement for out-of-pocket expenses incurred on behalf of the Company.  The Company has no stock option, retirement, pension, or profit-sharing programs for the benefit of directors, officers or other employees, but the Board of Directors may recommend adoption of one or more such programs in the future.





18





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ITEM 11.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.



The following table sets forth, as of the end of the Company's most recent fiscal year, the number of shares of Common Stock owned of record and beneficially by executive officers, directors and persons who hold 5.0% or more of the outstanding Common Stock of the Company.  Also included are the shares held by all executive officers and directors as a group.



|Name and Address                                             | Number of Shares Owned Beneficially | Percent of Class Owned
|------------------------------------------------------------ | ----------------------------------- | ----------------------
|Diane Thelen   (1)
1926 S. Oswego Way
Aurora, CO 80014       | 2,883,300                           | 35.22%                
|John Ballard  (1)
6754 W. Hinsdale Place
Littleton, CO 80128 | 2,858,300                           | 34.91%                
|Jimmy Wang
1142 Cherry Ave.
San Bruno, CA 94066              | 675,000                             | 8.38%                 
|All directors and executive officers
(2  persons)            | 5,741,600                           | 70.12%                



(1)   The person listed is an officer, a director, or both, of the Company.



ITEM 12.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS



There were no transactions or proposed transactions in the last two fiscal years to which the Company was or is to be a party.



Indemnification of Officers and Directors



As permitted by Colorado law, the Company's Articles of Incorporation provide that the Company will indemnify its directors and officers against expenses and liabilities they incur to defend, settle, or satisfy any civil or criminal action brought against them on account of their being or having been Company directors or officers unless, in any such action, they are adjudged to have acted with gross negligence or willful misconduct. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the Company pursuant to the foregoing provisions, the Company has been informed that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in that Act and is, therefore, unenforceable.



Exclusion of Liability



Pursuant to the Colorado Corporation Code, the Company's Articles of Incorporation exclude personal liability for its directors for monetary damages based upon any violation of their fiduciary duties as directors, except as to liability for any breach of the duty of loyalty, acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, acts in violation of Section 7-5-114 of the Colorado Corporation Code, or any transaction from which a director receives an improper personal benefit. This exclusion of liability does not limit any right which a director may have to be indemnified and does not affect any director's liability under federal or applicable state securities laws.





19





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Conflicts of Interest



None of the officers of the Company will devote more than a portion of his time to the affairs of the Company. There will be occasions when the time requirements of the Company's business conflict with the demands of the officers' other business and investment activities. Such conflicts may require that the Company attempt to employ additional personnel. There is no assurance that the services of such persons will be available or that they can be obtained upon terms favorable to the Company.  Each of the Company's officers and directors also are officers, directors, or both, of several other Colorado-based development-stage corporations in the same business as the Company. These companies may be in direct competition with the Company for available opportunities. Company management, and the other principal shareholders of the Company, intend to actively negotiate or otherwise consent to the purchase of a portion of their common stock as a condition to, or in connection with, a proposed merger or acquisition transaction. It is anticipated that a substantial premium may be paid by the purchaser in conjunction with any sale of shares by officers, directors or affiliates of the Company which is made as a condition to, or in connection with, a proposed merger or acquisition transaction. The fact that a substantial premium may be paid to Company officers, directors and affiliates to acquire their shares creates a conflict of interest for them and may compromise their state law fiduciary duties to the Company's other shareholders. In making any such sale, Company officers, directors and affiliates may consider their own personal pecuniary benefit rather than the best interests of the Company and the Company's other shareholders, and the other shareholders are not expected to be afforded the opportunity to approve or consent to any particular buy-out transaction involving shares held by members of Company management.



ITEM 13.  EXHIBITS





(a)

The Exhibits listed below are filed as part of this Annual Report.





3(i)

Articles of Incorporation (incorporated by reference from Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on October 11, 2000).



3(ii)

Bylaws (incorporated by reference from Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on October 11, 2000).



31.1

Certification pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended.



32.1        Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.





20





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ITEM 14.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit-Related Fees



(1) The aggregate fees billed by Comiskey & Co., P.C. for audit of the Company's annual financial statements were $2,000 for the fiscal year ended June 30, 2004, and $1,253 for the fiscal year ended June 30, 2003.  The aggregate fees billed by Comiskey & Co for review of the Company's financial statements included in its quarterly reports on Form 10-QSB were $1,145 during the period ended June 30, 2004 and $1,004 during the period ended June 30, 2003.



(2) Comiskey & Co., P.C. did not bill the Company any amounts for assurance and related services that were related to its audit or review of the Company's financial statements during the fiscal years ending June 30, 2004 or June 30, 2003.



Tax Fees



(3) The aggregate fees billed by Comiskey & Co. P.C. for tax compliance, tax advice and tax planning were $0 for the fiscal year ended June 30, 2004 and $0 for the fiscal year ended June 30, 2003.



All Other Fees



(4) Comiskey & Co. P.C. did not bill the Company for any products and services other than the foregoing during the fiscal years ended June 30, 2004 and June 30, 2003.



Audit Committee=s Pre-approval policies and procedures



(5) Tabatha II, Inc., a blind pool reporting company which is not yet publicly traded, does not have an audit committee per se. The current board of directors functions as the audit committee.



21





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SIGNATURES



In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



TABATHA II, INC.



By: /S/ JOHN BALLARD

John Ballard, President, Chief Financial Officer and a Director



Date: September 15, 2004



In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By: /S/ JOHN BALLARD

John Ballard, President, Chief Financial Officer and a Director



Date: September 15, 2004





By: /S/ DIANE THELEN

Diane Thelen, Secretary and a Director



Date: September 15, 2004







22