UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

        [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                For the quarterly period ended March 31, 2005

       [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

           For the transition period from ____________ to____________

                          Commission File No. 000-49671

                           BEAR LAKE RECREATION, INC.

        (Exact name of small business issuer as specified in its charter)

          NEVADA                                 87-0620495
           ------                                 ----------
(State or other jurisdiction of                (I.R.S. Employer I.D. No.)
incorporation or organization)


                           4685 S. Highland Drive #202
                           Salt Lake City, Utah 84117
                    (Address of principal executive offices)

                                 (801) 278-9424
                           (Issuer's telephone number)

                                       N/A
              (Former name, former address and former fiscal year,
                          if changed since last report)

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

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                  PROCEEDINGS DURING THE PRECEDING FIVE YEARS

                                 Not applicable.

                      APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the Registrant's classes of
common stock, as of the latest practicable date:


                                  May 10, 2005
                                2,874,200 shares

Transitional Small Business Disclosure Format (Check one):  Yes  X  No
                                                                ---   ---


                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

<TABLE>
<CAPTION>

                                  BEAR LAKE RECREATION, INC.
                                [A Development Stage Company]
                                         Balance Sheet
                                        March 31, 2005


<S>                                                                             <C>
ASSETS


Current Assets:
    Cash in bank                                                               $               76
                                                                                 ------------------
      Total Current Assets                                                                     76
                                                                                 ------------------
           Total Assets                                                        $               76
                                                                                 ==================

LIABILITIES AND STOCKHOLDERS' DEFICIT


Liabilities:
  Current Liabilities:
  Accounts payable                                                             $                  0
  Accounts payable-related party                                                             20,188
                                                                                 ------------------
      Total Current Liabilities                                                              20,188
           Total Liabilities                                                                 20,188


Stockholders' Deficit:
  Common Stock -- 50,000,000 shares authorized having a
   par value of $.001 per share; 2,874,200 shares issued
   and outstanding                                                                           2,874
  Additional Paid-in Capital                                                                79,704
  Deficit accumulated during the development stage                                        (102,690)
                                                                                 ------------------
      Total Stockholders' Deficit                                                          (20,112)
                                                                                 ------------------
        Total Liabilities and Stockholders' Deficit                            $                76
                                                                                 ==================

</TABLE>




                        See accompanying notes to financial statements

                                              1

<PAGE>

<TABLE>
<CAPTION>


                                  BEAR LAKE RECREATION, INC.
                                [A Development Stage Company]
                                   Statements of Operations
       For the three and Nine month periods ended March 31, 2005 and 2004, and for the
               Period from Inception [October 22, 1998] through March 31, 2005




                                    Three            Three          Nine            Nine      October 22,
                                    Months          Months         Months          Months         1998
                                    Ended            Ended          Ended           Ended       through
                                   3/31/05          3/31/04        3/31/05         3/31/04      3/31/05
                                 ------------     -----------    -----------     ----------- --------------
<S>                           <C>               <C>           <C>              <C>                    <C>
Sales                         $             0   $           0 $            0   $           0          1,396
Cost of Sales                               0               0              0               0            707
                                 ------------     -----------    -----------     ----------- --------------
            Gross Profit                    0               0              0               0            689
General and administrative              1,776           3,016         10,638           4,433         83,668
expenses
                                 ------------     -----------    -----------     ----------- --------------
  Net loss from operations            (1,776)         (3,016)       (10,638)         (4,433)       (82,979)
Other Income(Expense)
  Write off of inventory                    -               -              -               -       (10,645)
  Loss on sale of assets                    -               -              -               -        (9,066)
                                 ------------     -----------    -----------     ----------- --------------
            Total Other                     -               -              -               -       (19,711)
Income(Expense)
Net loss before taxes                 (1,776)         (3,016)       (10,638)         (4,433)      (102,690)
            Income taxes                    0               -              0               0              -
                                 ------------     -----------    -----------     ----------- --------------
Net Loss                      $       (1,776)   $     (3,016) $     (10,638)   $     (4,433)      (102,690)
                                 ============     ===========    ===========     =========== ==============


Loss Per Share-Basic and Diluted        (0.01)         (0.01)         (0.01)          (0.01)         (0.07)
                                  ============     ==========    ===========     =========== ==============

Weighted Average Shares
Outstanding-Basic and               2,874,200       1,374,200      2,245,786      1,374,200      1,471,166
Diluted
                                  ============     ==========    ===========     =========== ==============

</TABLE>





                             See accompanying notes to financial statements

                                                   2

<PAGE>

<TABLE>
<CAPTION>

                                   BEAR LAKE RECREATION, INC.
                                  [A Development Stage Company]
                                    Statements of Cash Flows
              For the Nine month periods ended March 31, 2005 and 2004, and for the
                 Period from Inception [October 22, 1998] through March 31, 2005





                                                         Nine            Nine              October
                                                         Months          Months            22, 1998
                                                         Ended           Ended             through
                                                         3/31/05         3/31/04           3/31/05
                                                         -----------     -------------     ------------
<S>                                                  <C>             <C>                 <C>
Cash Flows from Operating Activities
Net Loss                                             $      (10,638) $         (4,433)   $    (102,690)
Adjustments to reconcile net loss to net cash used in
    operating activities:
    Depreciation and amortization                                  -                 -            4,799
    Loss on disposal of equipment                                  -                 -            9,066
    Write off of related party receivable                          -                 -            1,000
    Write off of Website development costs                         -                 -            8,877
    Write off of inventory                                                                       10,645
    Stock Issued for Services                                  1,500                              1,500
Decrease (increase) in inventory                                   -                 -         (10,645)
Increase in accounts payable                                 (1,751)           (1,651)                -
Increase in accounts payable-related party                    10,889             6,084           20,188
Increase (decrease) in bank overdraft                              0                 0                0
                                                         -----------     -------------     ------------
   Net Cash provided by (used in) Operating activities             0                 0         (57,260)

Cash Flows from Investing Activities
Purchase of property and equipment                                 -                 -         (12,433)
Website development costs                                          -                 -         (10,309)
                                                         -----------     -------------     ------------
  Net Cash used in Investing activities                            -                 -         (22,742)

Cash Flows from Financing Activities
Stock offering costs                                               -                 0          (6,072)
Related-party receivable                                           -                 0          (1,000)
Proceeds from the issuance of common stock                         -     $          0            87,150
                                                         -----------     -------------     ------------
   Net Cash provided by Financing activities                       -                 0           80,078

Net increase (decrease) in Cash                                    0                 0               76
Beginning Cash Balance                                            76               160                -
                                                         -----------     -------------     ------------
Ending Cash Balance                                  $            76 $             160   $           76
                                                         ===========     =============     ============

Supplemental Disclosure of Cash Flow Information:
  Cash paid during the year for interest               $          0    $            0    $           0
  Cash paid during the year for income taxes           $          0    $            0    $           0
</TABLE>

                         See accompanying notes to financial statements

                                                3

<PAGE>
                     Notes to Codensed Financial Statements
                                 March 31, 2005


        PRELIMINARY NOTE

     The accompanying  condensed financial statements have been prepared without
     audit, pursuant to the rules and regulations of the Securities and Exchange
     Commission.  Certain  information  and  disclosures  normally  included  in
     financial   statements  prepared  in  accordance  with  generally  accepted
     accounting  principles  have  been  condensed  or  omitted.  These  interim
     financial  statements  include  all  adjustments,  which in the  opinion of
     management,  are  necessary in order to make the financial  statements  not
     misleading.  It is suggested that these condensed  financial  statements be
     read in  conjunction  with  the  financial  statements  and  notes  thereto
     included in the  Company's  Annual Report on Form 10-KSB for the year ended
     June 30, 2004.

<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

Plan of Operation.

     Our Company's  plan of operation for the next 12 months is to:(i)  consider
guidelines of industries in which our Company may have an interest; (ii) adopt a
business plan regarding engaging in business in any selected industry; and (iii)
to commence such  operations  through funding and/or the acquisition of a "going
concern" engaged in any industry selected.

     In  addition,  the Company  intents to submit for  application  to the NASD
Bulletin Board during the next fiscal quarter.

     Our Company's only foreseeable cash requirements  during the next 12 months
will relate to maintaining  our Company in good standing in the State of Nevada,
as well as legal and accounting  fees.  Management  does not anticipate that our
Company will have to raise additional funds during the next 12 months.

Results of Operations.

Three Months Ended March 31, 2005 compared to Three Months Ended March 31, 2004.

     In the quarterly  period ended March 31, 2005, we had sales of $0, compared
to the  quarterly  period  ended March 31, 2004,  with sales of $0.  General and
administrative  expenses  were $1,776 for the March 31, 2005 period  compared to
$3,016 for the March 31,  2004  period.  We had net loss of $1,776 for the March
31, 2005 period compared to a net loss of $3,016 for the March 31, 2004 period.

     In the nine months  ended March 31, 2005,  we had sales of $0,  compared to
the  nine  months  ended  March  31,  2004,   with  sales  of  $0.  General  and
administrative  expenses were $10,638 for the March 31, 2005 period  compared to
$4,433 for the March 31, 2004  period.  We had net loss of $10,638 for the March
31, 2005 period compared to a net loss of $4,433 for the March 31, 2004 period.

Liquidity and Capital Resources.

     Our  total  assets  as of March  31,  2005,  were  $76.  We do  depend on a
shareholder  being able to loan us money to fund our attempt to get and maintain
our Company  current in its filings and if this  shareholder is not able to loan
us the money our  ability to continue  in our  attempt to get and  maintain  our
Company current would be substantially reduced.

Forward-Looking Statements.

The foregoing discussion contains forward-looking statements that discuss, among
other things, future expectations and projections regarding future developments,
operations and financial conditions. All forward-looking statements are based on
management's  existing  beliefs  about  present  and  future  events  outside of
management's  control and on assumptions that may prove to be incorrect.  If any
underlying  assumptions prove incorrect,  Birch  Financial's  actual results may
vary materially from those anticipated, estimated, projected or intended.

Item 3. Controls and Procedures.

As of the end of the period covered by this Quarterly  Report, we carried out an
evaluation,  under the supervision and with the  participation  of our President
and Secretary,  of the effectiveness of our disclosure  controls and procedures.
Based  on this  evaluation,  our  President  and  Secretary  concluded  that our
disclosure  controls and  procedures  are  effective in timely  alerting them to
material  information  required to be included in our  periodic  Securities  and
Exchange Commission reports. It should be noted that the design of any system of
controls  is based in part upon  certain  assumptions  about the  likelihood  of
future  events,  and there can be no  assurance  that any design will succeed in
achieving its stated goals under all potential future conditions,  regardless of
how remote.  In  addition,  we reviewed  our internal  controls  over  financial
reporting,  and there have been no changes in our internal  controls or in other
factors in the last fiscal quarter that has materially affected or is reasonably
likely to materially affect our internal control over financial reporting.
<PAGE>

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

None; not applicable.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None; not applicable.

Item 3. Defaults Upon Senior Securities.

None; not applicable.

Item 4. Submission of Matters to a Vote of Security Holders.

None; not applicable.

Item 5. Other Information.

None; not applicable.

Item 6. Exhibits and Reports on Form 8-K.

(a) Exhibits.

31.1 302 Certification of Wayne Bassham

31.2 302 Certification of Todd Albiston

32 906 Certification

(b) Reports on Form 8-K.

None; not applicable

                                   SIGNATURES

In accordance  with the  requirements  of the Exchange Act, the  Registrant  has
caused  this  Quarterly  Report to be signed on its  behalf by the  undersigned,
thereunto duly authorized.

                           BEAR LAKE RECREATION, INC.

Date: 5/12/2005                          By:/s/Wayne Bassham
      ---------                             ------------------------
                                            Wayne Bassham
                                            President and Director

Date: 5/12/2005                          By:/s/Todd Albiston
      ---------                             ------------------------
                                            Todd Albiston,
                                            Secretary/Treasurer and Director