U. S. 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 July 31, 2002
                     ---------------------------------------

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

     For the transition period from               to
                                    -------------    -------------

                                     0-28325
                                    --------
                               Commission File No.


                                 LITTLE CREEK, INC.
                                 -----------------
                 (Name of Small Business Issuer in its Charter)


                  UTAH                                  87-0642252
                  ----                                  ----------
      (State or Other Jurisdiction of            (I.R.S. Employer I.D. No.)
       incorporation or organization)


          4685 South Highland Dr., Suite 202, Salt Lake City, UT 84117
          ------------------------------------------------------------
                    (Address of Principal Executive Offices)
                    Issuer's Telephone Number: (801) 278-9424


          5525 South 900 East, Suite 110, Salt Lake City, UT  84117
          ---------------------------------------------------------
          (Former Name or Former Address, if changed since last Report)


Securities Registered under Section 12(b) of the Exchange Act:  None

Name of Each Exchange on Which Registered:  None

Securities Registered under Section 12(g) of the Exchange Act:

                         $0.001 par value common stock
                         -----------------------------

     Check  whether  the Issuer (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.

     (1)   Yes  X    No            (2)   Yes  X    No
               ---      ---                  ---      ---


     Check  if  disclosure  of  delinquent  filers  in  response  to Item 405 of
Regulation  S-B is not  contained  in  this  form,  and no  disclosure  will  be
contained,   to  the  best  of  Company'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 revenues for its most recent fiscal year: July 31, 2002 - $0.

<PAGE>

     State the aggregate market value of the voting stock held by non-affiliates
computed by reference  to the price at which the stock was sold,  or the average
bid and asked  prices of such stock,  as of a specified  date within the past 60
days.

     July 31, 2002 - $196.  There are  approximately  196,365 shares of common
voting stock of the Company not held by  affiliates.  Because  there has been no
"public market" for the Company's  common stock during the past five years,  the
Company has arbitrarily valued these shares at par value of $0.001 per share.

                   (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                           DURING THE PAST FIVE YEARS)
None, Not applicable.


                     (APPLICABLE ONLY TO CORPORATE ISSUERS)

     State the number of shares  outstanding of each of the Issuer's  classes of
common equity, as of the latest practicable date:

                                 OCTOBER 24, 2002
                                    1,631,483

                       DOCUMENTS INCORPORATED BY REFERENCE

     A description of "Documents Incorporated by Reference" is contained in Part
III, Item 13, of this Report.

Transitional Small Business Issuer Format   Yes  X   No
                                                ---     ---
<PAGE>

                                     PART I

Item 1.  Description of Business.
         ------------------------

Business Development.
---------------------

     Organization and Charter Amendments.
     -----------------------------------

     Little Creek,  Inc.,  (the  "Company") was organized  under the laws of the
State of Utah on  September  30, 1980,  under the name Blue Gander  Exploration,
Inc.,  to  conduct  any or all lawful  business  for which  corporations  may be
organized.

     The  Company's  initial   authorized  capital  was  $50,000  consisting  of
50,000,000 shares of ($0.001) par value common voting stock.

     On October 29, 1988, the Articles of Incorporation  were amended to reflect
a 4 to 1 reverse split and a name change from Blue Gander  Exploration,  Inc. to
North American Sign Corporation.

     On August 16, 1999, the Articles of Incorporation were amended to reflect a
25 to 1 reverse  split.  All  computations  herein  take into  account the above
mentioned reverse split.

     On October 14, 1999, the Articles of Incorporation  were amended to reflect
a name change from North American Sign Corporation to Little Creek, Inc.

     A copy  of the  Company's  Articles  of  Incorporation,  as  amended,  were
attached to the Company's 10-SB Registration Statement filed with the Securities
and Exchange Commission on December 1, 1999, and are incorporated herein by this
reference.

        Potential Change in Control.
        ---------------------------

     Pursuant to the Company's Schedule 14C Definitive Information Statement, as
filed with the Securities  and Exchange  Commission on or about October 4, 2002,
which is  incorporated  herein by this  reference,  the  Company  intends to (1)
change  the  domicile  of the  Company  from the  State of Utah to the  state of
Delaware; (2) complete the acquisition of The Mortgage Store Financial,  Inc., a
California  corporation  ("Mortgage Store"),  pursuant to the terms of a Plan of
Reorganization   and  Stock  Exchange   Agreement  dated  April  5,  2002  ("the
Agreement"); (3) elect the current members of the Board of Directors of Mortgage
Store to serve as the  directors  of the  Company  following  the closing of the
reorganization;  and (4) to change the name of the Company following the closing
to "TMSF Holding, Inc." The meeting of the stockholders has been set for October
28, 2002.

     The acquisition will be effected through the newly-formed subsidiary of the
Company,  Little Creek, Inc., a Delaware  corporation ("Little Creek Delaware"),
with  the  Company  issuing  9,500,000  shares  of  common  stock  to  the  sole
stockholder of Mortgage Store.

     Following the closing and the cancellation of certain shares of the Company
that are owned by certain  principal  stockholders  pursuant  to the  Agreement,
Little  Creek  Delaware  is  expected  to  have  9,836,365   shares  issued  and
outstanding.

     No assurance can be given that this Agreement will be concluded.

     Further information  regarding this acquisition and the business operations
to which the Company is a successor is contained  in the  Company's  Definitive
Information   Statement  which  was  filed  with  the  Securities  and  Exchange
Commission  on or about  October  4,  2002.  The  Information  Statement  may be
accessed at www.sec.gov in the Edgar Archives.

        Business.
        ---------

     Currently,  the Company offers short and long-term  rentals of recreational
vehicles to both businesses and individuals.


<PAGE>
Risk Factors.
------------

        Early Stage of Development.
        ---------------------------

     The  Company has  recently  initiated  its  business  objective  of renting
recreational  equipment.  It is subject to all of the risks  inherent in any new
business. These risks include:

     The need for substantial  capital to support its development  efforts;  the
need to attract  and retain  qualified  personnel  and  experienced  management;
losses associated with start-up; and competition.

        Losses Associated With Start-up Enterprises.
        --------------------------------------------

     The Company's business operations are highly speculative and are subject to
the same  types of  risks  inherent  in any new or  unproven  venture,  and will
include those types of risk factors outlined below.

     Limited Assets; No proven source of Revenue. The Company has limited assets
and has had no  revenue  for  over the  past  ten  years or to the date  hereof.
Although,  the Company does plan on receiving  revenues in the immediate  future
the Company can provide no assurance that the business  operations  will produce
any material  revenues  for the Company or that the  business  will operate on a
profitable basis.
<PAGE>

     Risks of "Penny  Stock."  The  Company's  common  stock may be deemed to be
"penny  stock"  as  that  term is  defined  in Reg.  Section  240.3a51-1  of the
Securities and Exchange Commission.  Penny stocks are stocks (i) with a price of
less than five  dollars  per share;  (ii) that are not traded on a  "recognized"
national  exchange;  (iii) whose  prices are not quoted on the NASDAQ  automated
quotation system  (NASDAQ-listed  stocks must still meet requirement (i) above);
or (iv) in issuers with net tangible  assets less than $2,000,000 (if the issuer
has been in continuous  operation for at least three years) or $5,000,000 (if in
continuous  operation  for less than three years),  or with average  revenues of
less than  $6,000,000 for the last three years.

     Although the Company is listed on the OTC  Bulletin  Board under the Symbol
"LCRK",  there has been no "established  public market" for the Company's common
stock during the last five years. At such time as the Company completes a merger
or acquisition  transaction,  if at all, it may attempt to qualify for quotation
on either NASDAQ or a national securities exchange. However, at least initially,
any  trading  in  its  common  stock  will  most  likely  be  conducted  in  the
over-the-counter  market in the "pink  sheets" or the OTC Bulletin  Board of the
NASD. Section 15(g) of the Securities Exchange Act of 1934, as amended, and Rule
15g-2 of the Securities and Exchange Commission require  broker-dealers  dealing
in penny stocks to provide  potential  investors with a document  disclosing the
risks of penny stocks and to obtain a manually  signed and dated written receipt
of the  document  before  effecting  any  transaction  in a penny  stock for the
investor's account.  Potential investors in the Company's common stock are urged
to obtain and read such disclosure  carefully before  purchasing any shares that
are  deemed to be "penny  stock."  Moreover,  Rule 15g-9 of the  Securities  and
Exchange  Commission  requires  broker-dealers  in penny  stocks to approve  the
account of any investor for transactions in such stocks before selling any penny
stock to that investor.  This procedure requires the broker-dealer to (i) obtain
from  the  investor  information  concerning  his  or her  financial  situation,
investment  experience and investment  objectives;  (ii)  reasonably  determine,
based on that  information,  that  transactions in penny stocks are suitable for
the investor and that the investor has sufficient knowledge and experience as to
be reasonably capable of evaluating the risks of penny stock transactions; (iii)
provide the investor with a written  statement  setting forth the basis on which
the  broker-dealer  made the  determination  in (ii) above;  and (iv)  receive a
signed and dated copy of such  statement from the investor,  confirming  that it
accurately reflects the investor's  financial situation,  investment  experience
and investment  objectives.  Compliance with these requirements may make it more
difficult for investors in the Company's  common stock to resell their shares to
third parties or to otherwise dispose of them.
<PAGE>
Principal Products or Services and their Markets.
-------------------------------------------------

     The Company's principal products are rental equipment.  The rental industry
is a  competitive  market,  but the Company  believes  that through a variety of
advertisement mediums, the Company may be able to obtain a share of the market.

Competition; Low Barriers to Entry
----------------------------------

     The market  for  recreational  vehicles  rentals  is a  relatively  old and
established  market.  The Company expects  competition to persist,  and possibly
increase in the future.  As a strategic  response to changes in the  competitive
environment, the Company may from time to time make certain pricing, service, or
marketing  decisions that could have a material  adverse effect on the Company's
business, financial condition and results of operations.

     In addition,  the Company's ability to maintain future client relationships
and generate new clients will depend to a  significant  degree on the quality of
its  services  and its  reputation  among its  clients  and  potential  clients,
compared with the quality of its services  provided by, and the  reputations of,
the Company's competitors.

     There are  relatively  low barriers to entry into the  Company's  business.
Because  firms such as the Company rely on the skill of their  personnel and the
quality of its  products  offered,  the  Company  has no  patented  products  or
services that would preclude or inhibit  competitors from entering the Company's
market.

Sources and Availability of Raw Materials and Names of Principal Suppliers.
---------------------------------------------------------------------------

     None; not applicable

Patents, Trademarks, Licenses, Franchises, Concessions, Royalty Agreements of
Labor Contracts.
-----------------------------------------------------------------------------

     None; not applicable

Need for any Governmental Approval of Principal Products of Services.
---------------------------------------------------------------------

     The Company is not currently subject to direct government regulation, other
than securities laws and the regulations  thereunder  applicable to all publicly
owned companies,  and laws and regulations  applicable to businesses  generally,
and  there  are few  laws or  regulations  directly  applicable  to  rentals  of
recreational vehicles.

Effect of Existing or Probable Governmental Regulations on Business.
--------------------------------------------------------------------

     The integrated  disclosure system for small business issuers adopted by the
Securities and Exchange  Commission in Release No.  34-30968 and effective as of
August  13,  1992,   substantially   modified  the   information  and  financial
requirements  of a "Small  Business  Issuer,"  defined to be an issuer  that has
revenues  of less than $25  million;  is a U.S. or  Canadian  issuer,  is not an
investment  company,  and if a majority-owned  subsidiary,  the parent is also a
small  business  issuer,  provided,  however,  an entity is not a small business
issuer if it has a public  float (the  aggregate  market  value of the  issuer's
outstanding  securities  held by  non-affiliates)  of $25  million or more.  The
Company is deemed to be a "small business issuer."

     The Securities and Exchange  Commission,  state securities  commissions and
the North American Securities  Administrators  Association,  Inc. ("NASAA") have
expressed an interest in adopting policies that will streamline the registration
process  and make it easier for a small  business  issuer to have  access to the
public capital markets.

Research and Development.
------------------------

     None; not applicable

Cost and Effects of Compliance with Environmental Laws.
------------------------------------------------------

     None; not applicable
<PAGE>

Number of Employees.
-------------------

     Other than the Company's Treasurer, James Doolin, the Company currently has
no  employees.  Mr.  Doolin  has  been and  will be  responsible  for all of the
Company's operations for the foreseeable future. The Company will hire a service
technician if necessary,  and if the Company is able to pay the worker's wage or
salary from operating revenue.

Item 2.  Description of Property.
         -----------------------

     The Company has one premium snowmobile  recreational vehicle. Its business
address is the office of one of its shareholder,  Duane Jenson,  and is provided
rent-free.  The  Company  has free access to Mr.  Jenson's  telephone  and other
office  materials.  Depending on the Company's  growth,  the Company may find it
necessary to acquire an office and telephone  system of its own, but  management
does not believe that this will be necessary in the near future.

Item 3.  Legal Proceedings.
         ------------------

     The  Company  is  not a  party  to any  pending  legal  proceeding.  To the
knowledge  of  management,  no federal,  state or local  governmental  agency is
presently  contemplating  any  proceeding  against  the  Company.  No  director,
executive officer or affiliate of the Company or owner of record or beneficially
of more than five percent of the  Company's  common stock is a party  adverse to
the Company or has a material interest adverse to the Company in any proceeding.


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

     During the fourth  quarter of the year ended July 31,  2002,  no matter was
submitted to a vote of the Company's  securities  holders,  whether  through the
solicitation  of proxies or  otherwise.  However,  the  Company  has called it's
annual meeting of the stockholders to be held on October 28, 2002, subsequent to
the period covered by this Report.  For additional  information,  please see the
Company's  Schedule  14C  Definitive  Information  Statement,  as filed with the
Securities  and  Exchange  Commisison  on or about  October  4,  2002,  which is
incorporated herein by this reference. Please Part III, Item 13.
<PAGE>

                                     PART II

Item 5.  Market for Common Equity and Related Stockholder Matters.
         ---------------------------------------------------------

Market Information
------------------

     The Company's  shares are traded on the OTC Bulleting  Board; the symbol is
LCRK.  The Company's  shares have been traded on the OTC  Bulleting  Board since
April 24, 2001;  however,  management does not expect any public market activity
to develop unless and until the Company  completes an acquisition or merger.  In
any event,  no assurance can be given that any market for the  Company's  common
stock will develop or be maintained.

Holders
-------

     The number of record  holders of the Company's  common stock as of the date
of this Report is approximately 103.

Dividends
---------

     The Company has not declared any cash  dividends with respect to its common
stock and does not intend to declare  dividends in the foreseeable  future.  The
future dividend policy of the Company cannot be ascertained  with any certainty,
and until the Company completes any acquisition, reorganization or merger, as to
which no assurance may be given, no such policy will be formulated. There are no
material  restrictions  limiting,  or that are  likely to limit,  the  Company's
ability to pay dividends on its common stock.

Sales of "Unregistered" and "Restricted" Securities Over The Past Three Years.
------------------------------------------------------------------------------

     On  August  16,  1999,  the  Company  issued  295,118   "unregistered"  and
"restricted"  shares  at  a  value  of  $.005  per  share  to  Jenson  Services,
Inc.("Jenson  Services") in  consideration of the payment of $1,475.59 for audit
and other corporate expenses incurred on behalf of the Company.

     On  August  16,  1999,  the  Company  issued  250,000   "unregistered"  and
"restricted"  shares to each of the four officers and directors,  for a total of
1,000,000 shares. These shares were in consideration of services rendered.

     On March 19, 2001,  the Company issued 140,000 shares of common stock under
an S-8  Registration  Statement.  35,000 shares were issued to each of the three
officers and directors and one consultant  (the Company's  legal counsel) of the
Company for  services  rendered.  These shares were issued at $.01 per share for
total consideration of $1,400.
<PAGE>

Item 6.  Management's Discussion and Analysis or Plan of Operation.
         ----------------------------------------------------------

Plan of Operation.
------------------

     The  Company  has not engaged in any  material  operations,  and has had no
revenues  from  operations  during the last fiscal  year.  Assuming the Mortgage
Store  Agreement is not  completed,  Company's plan of operation for the next 12
months is to continue its current  rental  business  and to advertise  through a
variety of mediums including: web-page, newspapers and flyers.

     During the next 12 months,  assuming  the Mortgage  Store  Agreement is not
completed,  the Company's  only  foreseeable  cash  requirements  will relate to
maintaining  the  Company  in good  standing  in the State of Utah,  payment  of
expenses associated to maitaining the rental vehicles, and advertisements. As of
July 31,  2002,  the  Company  had $552 cash on hand.  If  additional  funds are
required  during  this  period,  such funds may be  advanced  by  management  or
stockholders as loans to the Company. As of the date of this Report, the Company
is not engaged in any negotiations with any person regarding any such funding.

     For additional  information regarding the Mortgage Store Agreement,  please
see Part I, Item 1, "Business  Development"  or the the Company's 14C Definitive
Information  Statement,  as filed with the Securities and Exchange Commission on
or about October 4, 2002, which is incorporated herein by this reference.

Results of Operations.
----------------------

     The Company has been involved in  maintaining  the Company's good corporate
standing  in the  State  of Utah,  acquiring  recreational  vehicles,  obtaining
business insurance, participating in financing activities and advertising.

     At July 31, 2002,  the  Company's  had $7,368 of assets.  See the Index to
Financial Statements, Item 7 of this Report.

     During  the period  ended  July 31,  2002,  the  Company  had a net loss of
($11,916)  as  compared  to a net loss of  ($8,182)  for the year ended July 31,
2001.  The Company has received total revenues of $3,036 in its two most recent
calendar years. See the Index to Financial Statements, Item 7 of this Report.

Liquidity.
---------

     As of July 31,  2002,  the  Company  had  cash on hand of $552.  Management
believes  that  these  funds will be  sufficient  to allow it to  advertise  and
continue its business,  assuming the Mortgage Store  Agreement is not completed.
The Company's cash on hand will be sufficient to allow it to further operations;
however,  the Company's  success in its planned  business  endeavors will depend
entirely on its ability to attract and maintain a sufficient client base. $6,496
and $1,097 were provided by shareholders for expenses in fiscal 2002 and fiscal
2001, respectfully.

Item 7.  Financial Statements.
         ---------------------

          Financial Statements for the years ended July 31, 2002

          Independent Auditors' Report

          Balance Sheets - July 31, 2002

          Statements of Operations for the years ended
          July 31, 2002 and 2001, and for the Period from Reactivation
          [March 14, 1999] through July 31, 2002

          Statements of Stockholders' Deficit for the
          years ended July 31, 2002 and 2001, and for the Period from
          Reactivation [March 14, 1999] through July 31, 2002

          Statements of Cash Flows for the years ended
          July 31, 2002 and 2001, and for the Period from
          Reactivation [March 14, 1999] through July 31

          Notes to the Financial Statements

<PAGE>


                               LITTLE CREEK, INC.
                         [A Development Stage Company]
              Financial Statements and Independent Auditors' Report
                                  July 31, 2002

<PAGE>
<TABLE>
<CAPTION>

                               Little Creek, Inc.
                          [A Development Stage Company]
                                TABLE OF CONTENTS


                                                                                                                            Page

<S>                                                                                                                           <C>
Independent Auditors' Report                                                                                                  1

Balance Sheet -- July 31, 2002                                                                                                2

Statements of Operations for the years ended July 31, 2002 and 2001, and
for the period from Reactivation [March 14, 1999] through July 31, 2002
                                                                                                                              3

Statements of Stockholders' Deficit for the years ended July 31, 2002 and
2001, and for the period from Reactivation [March 14, 1999] through July
31, 2002                                                                                                                      4

Statements of Cash Flows for the years ended July 31, 2002 and 2001, and
for the period from Reactivation [March 14, 1999] through July 31, 2002                                                       5

Notes to Financial Statements                                                                                              6 -- 9


</TABLE>
<PAGE>

                          INDEPENDENT AUDITORS' REPORT


The Board of Directors and Shareholders
Little Creek, Inc. [a development stage company]


     We have audited the  accompanying  balance sheet of Little  Creek,  Inc. [a
development  stage company] as of July 31, 2002,  and the related  statements of
operations,  stockholders'  deficit, and cash flows for the years ended July 31,
2002 and 2001,  and for the period from  Reactivation  [March 14, 1999]  through
July  31,  2002.  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 audit.

     We conducted  our audit in  accordance  with  generally  accepted  auditing
standards.  Those standards require that we plan and perform the audit 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 audit provides 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 Little  Creek,  Inc. [a
development  stage  company] as of July 31, 2002,  and the results of operations
and cash flows for the periods ended July 31, 2002 and 2001, in conformity  with
generally accepted in the United States of America.

     The accompanying  financial statements have been prepared assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 2 to the
consolidated  financial  statements,  the  Company has  accumulated  losses from
operations,  minimal  assets,  and a net working  capital  deficiency that raise
substantial doubt about its ability to continue as a going concern. Management's
plans in regard to these  matters are also  described  in Note 2. The  financial
statements do not include any adjustments  that might result from the outcome of
this uncertainty.


                                                          /S/ MANTYLA MCREYNOLDS
                                                              Mantyla McReynolds

Salt Lake City, Utah
October 14, 2002
<PAGE>
<TABLE>
<CAPTION>


                               LITTLE CREEK, INC.
                          [A Development Stage Company]
                                  Balance Sheet
                                  July 31, 2002
<S>                                                                   <C>

                                     ASSETS

Assets
Current Assets:
  Cash                                             $                        552
                                                         -----------------------
       Total Current Assets                                                 552

  Rental Equipment - NOTES 1 & 7                                         12,387
  Accumulated Depreciation                                               (5,571)
                                                         -----------------------
       Net Property                                                       6,816
                                                         -----------------------
                             Total Assets          $                      7,368
                                                         =======================

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Liabilities:
  Current Liabilities:
  Accrued Liabilities                                                       576
  Payable to shareholders - NOTE 4                                       10,265
  Accrued Interest                                                        3,850
  Note payable - NOTE 6                                                  17,000
                                                         -----------------------
       Total Current Liabilities                                         31,691
                           Total Liabilities                             31,691
                                                         -----------------------

Stockholders' Deficit:
  Capital Stock -- 50,000,000 shares authorized having a
   par value of $.001 per share; 1,631,483 shares issued
   and outstanding - NOTE 5                                               1,631
  Additional Paid-in Capital                                             47,751
  Accumulated Deficit                                                   (42,360)
  Deficit accumulated during the development stage                      (31,345)
                                                         -----------------------
                      Total Stockholders' Deficit                       (24,323)
                                                         -----------------------
              Total Liabilities and Stockholders' Deficit                 7,368
                                                         =======================
                 See accompanying notes to financial statements.

                                        2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                               LITTLE CREEK, INC.
                          [A Development Stage Company]
                            Statements of Operations
         For the Years Ended July 31, 2002 and 2001, and for the Period
            from Reactivation [March 14,1999] through July 31, 2002
<S>                               <C>                      <C>                      <C>


                                                                                       Reactivation
                                                                                        through July
                                          2002                     2001                   31, 2002
                                  ------------------       ------------------       -------------------
Revenues                   $                 0      $             3,036      $              3,036

General & Administrative Expenses       10,166                    9,518                    30,531

  Operating Loss                       (10,166)                  (6,482)                  (27,495)
Other Income / Expense
        Interest Expense                (1,750)                  (1,700)                   (3,850)

                                  ------------------       ------------------       -------------------

  Net Loss Before Income Taxes                                  (11,916)                  (8,182)                  (31,345)

Current Year Provision
for Income Taxes                             0                        0                         0
                                  ------------------       ------------------       -------------------

Net Loss                   $           (11,916)     $            (8,182)     $            (31,345)
                                  ==================       ==================       ===================


Loss Per Share             $             (0.01)     $             (0.01)     $              (0.02)
                                  ==================        =================       ===================

Weighted Average
Shares Outstanding                   1,631,483                 1,542,880                 1,385,505
                                  ==================        =================       ===================




                 See accompanying notes to financial statements.

                                        3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                               LITTLE CREEK, INC.
                          [A Development Stage Company]
                       Statements of Stockholders' Deficit
             For the Years Ended July 31, 2002 and 2001, and for the
        Period from Reactivation [March 14, 1999] through July 31, 2002
<S>                                <C>                 <C>               <C>                 <C>                    <C>


                                                                           Additional                                     Net
                                      Common              Common             Paid-in             Accumulated         Stockholders'
                                      Shares               Stock             Capital               Deficit              Deficit
                                  --------------       ------------      --------------       ----------------      ---------------
Balance at reactivation, [March
14, 1999]                              4,875,000             4,875              36,631                (42,360)                (854)
Net loss for the period March 15,
1999 through July 31, 1999                                                                            (1,622)               (1,622)
                                  --------------       ------------      --------------       ----------------      ---------------
Balance, July 31, 1999                 4,875,000              4,875              36,631               (43,982)              (2,476)
August 31, 1999, 25:1 reverse
stock split                          (4,678,635)            (4,679)               4,679
Issued stock for expenses
    ($.005 per share)                    295,118                295               1,181                                       1,476
Issued stock to officers
    ($.005 per share)                  1,000,000              1,000               4,000                                       5,000
Net Loss for year ended
 July 31,  2000                                                                                        (9,625)              (9,625)
Balance, July 31, 2000                 1,491,483              1,491              46,491               (53,607)              (5,625)
Issued stock for expenses
    ($.01 per share)                      35,000                 35                 315                                         350
Issued stock to officers
   ($.01 per share)                      105,000                105                 945                                       1,050
Net Loss for year ended
    July 31, 2001                                                                                      (8,182)              (8,182)
Balance, July 31, 2001                 1,631,483              1,631              47,751               (61,789)             (12,407)
                                  --------------       ------------      --------------       ----------------      ---------------
Net Loss for year ended
    July 31, 2002                                                                                     (11,916)             (11,916)
                                  --------------       ------------      --------------       ----------------      ---------------
Balance, July 31, 2002                 1,631,483    $         1,631   $          47,751     $         (73,705)    $        (24,323)
                                  ==============       ============      ==============       ================      ===============








                 See accompanying notes to financial statements.


                                        4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                               LITTLE CREEK, INC.
                          [A Development Stage Company]
                            Statements of Cash Flows
         For the Years Ended July 31, 2002 and 2001, and for the Period
            from Reactivation [March 14, 1999] through July 31, 2002
<S>                                                             <C>                   <C>               <C>
                                                                                                              Reactivation
                                                                                                              through July
                                                                         2002                2001               31, 2002
                                                                     -------------       -------------      ----------------
Cash Flows Provided by/(Used for) Operating Activities
Net Loss                                                         $        (11,916)    $        (8,182)    $         (31,345)
Adjustments to reconcile net income to net cash provided
by
 operating activities:
      Depreciation                                                           2,476               2,476                 5,571
     Issued shares for services                                                  0               1,400                 5,400
     Increase in accrued liabilities                                         2,326               1,700                 6,048
     Increase in loans from shareholders                                     6,496               1,907                10,265
                                                                     -------------       -------------      ----------------
            Net Cash Used for Operating Activities                           (618)               (699)               (4,061)

Cash Flows Provided by Investing Activities
     Cash used to purchase equipment                                             0                   0              (12,387)
                                                                     -------------       -------------      ----------------
     Net cash used for investing activities                                      0                   0              (12,387)

Cash Flows Provided by Financing Activities
     Notes payable                                                               0               1,000                17,000
                                                                     -------------       -------------      ----------------
     Net cash from financing activities                                          0               1,000                17,000

                                                                     -------------       -------------      ----------------
                Net Increase/(Decrease) in Cash                              (618)                 301                   552

Beginning Cash Balance                                                       1,170                 869                     0
                                                                     -------------       -------------      ----------------

Ending Cash Balance                                              $             552    $          1,170    $              552
                                                                     =============       =============      ================

Supplemental Disclosure of Cash Flow Information:
  Cash paid during the year for interest                         $               0    $              0    $                0
  Cash paid during the year for income taxes                     $             100    $            100    $              200







                 See accompanying notes to financial statements.


                                        5
</TABLE>
<PAGE>


                               LITTLE CREEK, INC.
                          [A Development Stage Company]
                          Notes to Financial Statements
                                  July 31, 2002

NOTE 1            ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          (a) Organization

     Little  Creek,  Inc.  incorporated  under  the laws of the State of Utah on
September  30, 1980 under the name of Blue Gander  Exploration,  Inc. On October
29, 1988 the Company amended its Articles of Incorporation  and changed its name
to North American Sign  Corporation.  The Company engaged in various  investment
activities through 1990. The Company was involuntarily  dissolved in May 1, 1990
for  failure  to file an annual  report.  Since that time the  Company  was left
dormant  until March 14, 1999 when it was  reactivated.  On October 14, 1999 the
company  amended its  Articles of  Incorporation  and changed its name to Little
Creek, Inc.

     The company is in the  business of renting  all  terrain  equipment  to the
general  public.  Minimal  revenue has been  generated  as of July 31, 2002 from
renting the equipment.  The company is still considered to be in the development
stage.

     The  financial  statements  of the Company have been prepared in accordance
with U. S. generally accepted accounting  principles.  The following  summarizes
the more significant of such policies:

          (b) Income Taxes

          The  Company   applies  the   provisions  of  Statement  of  Financial
     Accounting Standards No. 109 [the Statement],  Accounting for Income Taxes.
     The  Statement  requires  an asset and  liability  approach  for  financial
     accounting and reporting for income taxes,  and the recognition of deferred
     tax  assets and  liabilities  for the  temporary  differences  between  the
     financial  reporting  bases  and tax  bases  of the  Company's  assets  and
     liabilities at enacted tax rates expected to be in effect when such amounts
     are realized or settled.

          (c) Net Loss Per Common Share

          In accordance with Financial  Accounting  Standards No. 128, "Earnings
     Per  Share,"  basic loss per common  share is computed  using the  weighted
     average number of common shares outstanding.  Diluted earnings per share is
     computed  using  weighted  average  number of common  shares plus  dilutive
     common share equivalents  outstanding  during the period using the treasury
     stock method. There are not common stock equivalents as of July 31, 2002.






                                        6
<PAGE>

                               LITTLE CREEK, INC.
                          [A Development Stage Company]
                          Notes to Financial Statements
                                  July 31, 2002
                                   [Continued]

NOTE 1            ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
                  [continued]

          (d) Statement of Cash Flows

          For purposes of the  statements of cash flows,  the Company  considers
     cash on deposit in the bank to be cash.  The  Company had $552 cash at July
     31, 2002.


          (e) Use of Estimates in Preparation of Financial Statements

          The  preparation  of  financial  statements  in  conformity  with U.S.
     generally  accepted  accounting  principles  requires  management  to  make
     estimates and  assumptions  that affect the reported  amounts of assets and
     liabilities and disclosure of contingent assets and liabilities at the date
     of the  financial  statements  and the  reported  amounts of  revenues  and
     expenses  during the  reporting  period.  Actual  results could differ from
     those estimates.


          (f) Depreciation

          Depreciation  is computed  principally  using straight line based upon
     the various classes of assets. Expenditures for maintenance and repairs are
     expensed as incurred. Renewals and betterments are capitalized.

          (g) Revenue Recognition

          The Company  recognizes  revenue in accordance with the Securities and
     Exchange  Commission,  Staff Accounting Bulletin (SAB) number 101, "Revenue
     Recognition in Financial Statements." SAB 101 clarifies application of U.S.
     generally  accepted  accounting  principles  to revenue  transactions.  The
     Company  recognizes  revenue  as it is  earned or as  rental  services  are
     provided to the customer.


NOTE 2            LIQUIDITY/GOING CONCERN

          The  Company has  accumulated  losses  since  inception  amounting  to
     $73,705,  has minimal assets,  and has a net working capital  deficiency at
     July 31, 2002.  These factors raise  substantial  doubt about the Company's
     ability to continue as a going concern.

          The  Company  has  invested  in rental  equipment  but has  recognized
     minimal  revenues  to date.  Management  plans  include  increasing  rental
     operations or finding a well-capitalized merger candidate to recommence its
     operations  (see Note 9).  The  financial  statements  do not  include  any
     adjustments that might result from the outcome of this uncertainty.



                                        7
<PAGE>

                               LITTLE CREEK, INC.
                          [A Development Stage Company]
                          Notes to Financial Statements
                                  July 31, 2002
                                   [Continued]

NOTE 3            INCOME TAXES

          Below is a summary of deferred tax asset calculations on net operating
     loss carry forward  amounts.  Loss carry forward  amounts expire at various
     times  through  2022.  A valuation  allowance  is provided  when it is more
     likely  than not that some  portion of the  deferred  tax asset will not be
     realized.

                                          NOL
Description                           Balance            Tax              Rate
-----------                           -------            ---              ----
   Federal Income Tax       $          31,345 $         4,702            15%
   State Income Tax                    31,345           1,567             5%
   Valuation allowance                                 (6,269)
                                                     ------------
        Deferred tax asset 7/31/2002                       0

          The  valuation  allowance has  increased  $2,383,  from the prior year
     balance of $3,886.

NOTE 4            SHAREHOLDER LOAN

          A  shareholders  has paid  expenses  on behalf of the  Company  in the
     amount of $6,496  and $1,907  for the years  ended July 31,  2002 and 2001,
     respectively.  The Company has recorded a liability  for these  expenses to
     the shareholder of $10,265,  as of July 31, 2002. This unsecured loan bears
     no interest and is due on demand.

NOTE 5            COMMON STOCK/RELATED PARTY TRANSACTION

          On August 16,  1999,  the  Company's  Board of  Directors  resolved to
     effect a reverse split of the  outstanding  common stock on the basis of 25
     for one,  effective August 31, 1999, while retaining the current authorized
     capital and par value.

          Also,  on August 16, 1999,  the directors  authorized  the issuance of
     post split shares in the following manner:

Description                                                     Number of Shares
-------------------------------------        -----------------------------------
Issued to shareholder for loan                                           295,118
Issued to directors for services                                       1,000,000
                                             -----------------------------------
     Total shares issued                                               1,295,118








                                        8
<PAGE>

                               LITTLE CREEK, INC.
                          [A Development Stage Company]
                          Notes to Financial Statements
                                  July 31, 2002
                                   [Continued]

NOTE 5            COMMON STOCK/RELATED PARTY TRANSACTION [CONTINUED]

          On March 19, 2001,  the Company  issued 140,000 shares of common stock
     under an S-8 Registration  Statement.  35,000 shares were issued to each of
     the three officers for services rendered.  The balance of 35,000 shares was
     issued for consulting services to Branden  Burningham,  Esq., the Company's
     legal  counsel.  These  shares  were  issued  at $.01 per share for a total
     consideration of $1,400.


NOTE 6            NOTE PAYABLE/RELATED PARTY TRANSACTION

          The Company  borrowed funds from a related party, an entity who shares
     common  shareholders,  at an interest  rate of ten percent  (10%) per annum
     with no interest paid until  maturity.  The  debenture  matures in April of
     2003, with the privilege,  however,  of converting the loan,  principal and
     accrued  interest  into common shares of the Company's one mill ($.001) par
     value  stock,  at the rate of  either  ten  cents  ($.10)  per share or the
     average closing bid price of the last three trading days, whichever rate is
     of greater value per share.


NOTE 7            RENTAL EQUIPMENT

          The  rental   equipment   is   recorded  at  cost  which  is  $12,387.
     Depreciation  expense  was $2,476  and $2,476 for the years  ended July 31,
     2002, and 2001, respectively.


NOTE 8            LETTER OF INTENT

          Little   Creek,   Inc.   had  signed  a  letter  of  intent  with  CNS
     Pharmaceuticals,  Inc., dated June 13, 2001, to issue 13,900,000  shares of
     common stock or  approximately  96% of  post-reorganization  Little  Creek,
     Inc., for all of the outstanding shares of CNS in a plan of reorganization.
     The transaction negotiations were never completed.


NOTE 9            PLAN OF REORGANIZATION

          Little Creek,  Inc.  entered into a plan of  reorganization  and stock
     exchange agreement with The Mortgage Store Financial,  Inc., dated April 5,
     2002.  The  agreement  requires  the Company to issue  9,500,000  shares of
     common  stock for 100% of the  outstanding  Mortgage  Store  shares  and to
     cancel  1,295,118  pre-reorganization  outstanding  shares of Little Creek,
     Inc. common stock. As of the date of this report,  the  reorganization  has
     not been completed.


                                        9
<PAGE>

Item 8.  Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
------------------------------------------------------------------------

     None; not applicable

                                    PART III

Item 9. Directors, Executive Officers, Promoters and Control  Persons;
Compliance with Section 16(a) of the Exchange Act.

Identification of Directors and Executive Officers
--------------------------------------------------

     The  following  table sets  forth the names of all  current  directors  and
executive  officers  of the  Company.  These  persons  will serve until the next
annual  meeting of the  stockholders  or until their  successors  are elected or
appointed and qualified, or their prior resignation or termination.

<TABLE>
<CAPTION>

                                   Date of         Date of
                    Positions    Election or     Termination
Name                  Held       Designation   or Resignation
----                  ----       -----------   --------------
<S>                   <C>             <C>            <C>
Travis T. Jenson      President        11/96          *
                      Director         11/96          *

Thomas J. Howells     Vice President   11/96          *
                      Director         11/96          *

James P. Doolin       Treasurer        03/99          *
                      Director         03/99          *


</TABLE>
     * These persons presently serve in the capacities indicated.

Business Experience.
--------------------

Travis T.  Jenson,  President  and a  director  is 30 years of age.  Mr.  Jenson
graduated from  Westminster  College of Salt Lake City, Utah, with a Bachelor of
Science degree in 1995. Mr. Jenson has been working as an investment  consultant
with Jenson Services since 1996.

Thomas J. Howells, Vice President and a director is 30 years of age. Mr. Howells
graduated from  Westminster  College of Salt Lake City, Utah, with a Bachelor of
Arts degree in 1993.  Mr.  Howells has been working as an investment  consultant
with Jenson Services since 1996.

James P. Doolin, Treasurer  and a  director  is 26 years  of age.  Mr.  Doolin
received a  bachelors  degree  from the  University  of Utah in Business in June
1998. Mr. Doolin has managed  Hillside Tire & Service,  in Salt Lake City, Utah,
for the past four years and worked with Jenson Services since 1998.
<PAGE>
Significant Employees.
----------------------

The Company has no employees who are not executive officers.

Family Relationships.
---------------------

     There  are no  family  relationships  between  any  director  or  executive
officer.  Travis Jenson is a son of Duane S. Jenson, the majority shareholder of
Jenson Services.

Involvement in Certain Legal Proceedings.
-----------------------------------------

During the past five years, no present or former director,  executive officer or
person nominated to become a director or an executive officer of the Company:

     (1)  was a general  partner or executive  officer of any  business  against
          which any  bankruptcy  petition  was filed,  either at the time of the
          bankruptcy or two years prior to that time;

     (2)  was  convicted in a criminal  proceeding or named subject to a pending
          criminal  proceeding  (excluding  traffic  violations  and other minor
          offenses);

     (3)  was  subject  to any  order,  judgment  or  decree,  not  subsequently
          reversed,   suspended   or   vacated,   of  any  court  of   competent
          jurisdiction,   permanently   or   temporarily   enjoining,   barring,
          suspending  or  otherwise  limiting  his  involvement  in any  type of
          business, securities or banking activities; or

     (4)  was found by a court of competent  jurisdiction  (in a civil  action),
          the  Commission or the Commodity  Futures  Trading  Commission to have
          violated a federal or state  securities  or  commodities  law, and the
          judgment has not been reversed, suspended or vacated.


Compliance with Section 16(a) of the Exchange Act
-------------------------------------------------

     Each of the Company's directors has filed a Form 3, Statement of Beneficial
Ownership,  with the  Securities  and  Exchange  Commission;  there have been no
changes in their  beneficial  ownership of shares of common stock of the Company
since the filing of their Forms 3.
<PAGE>


Item 10. Executive Compensation.
         -----------------------

The following  table sets forth the aggregate  compensation  paid by the Company
for services rendered during the periods indicated:

<TABLE>
<CAPTION>
                           SUMMARY COMPENSATION TABLE

                             Long Term Compensation
                    Annual Compensation   Awards  Payouts
(a)             (b)   (c)   (d)   (e)    (f)   (g)    (h)   (i)

                                               Secur-
                                               ities         All
Name and   Year or               Other   Rest- Under-  LTIP  Other
Principal  Period   Salary Bonus Annual  ricte dlying  Pay-  Comp-
Position   Ended      ($)   ($)  Compen- Stock Options outs  ensat'n
-----------------------------------------------------------------
<S>         <C>       <C>   <C>   <C>    <C>    <C>    <C>   <C>
Travis T.
Jenson,       07/31/02    0     0     0     0      0     0   0
President,    07/31/01    0     0     0   35,000   0     0   0
Director

Thomas J.
Howells       07/31/02    0     0     0     0      0     0   0
Vice Pres./   07/31/01    0     0     0   35,000   0     0   0
Director

Nick          07/31/02    0     0     0     0      0     0   0
Lovato,       07/31/01    0     0     0     0      0     0   0
Secretary
Director

James P.
Doolin        07/31/02    0     0     0     0      0     0   0
              07/31/01    0     0     0   35,000   0     0   0

</TABLE>

     No cash  compensation,  deferred  compensation or long-term  incentive plan
awards were issued or granted to the  Company's  management  during the calendar
years  ending  July 31,  2002,  2001,  or the period  ending on the date of this
Report.

Compensation of Directors.
--------------------------

     There  are  no  standard  arrangements  pursuant  to  which  the  Company's
directors are compensated for any services  provided as director.  No additional
amounts are payable to the Company's  directors for committee  participation  or
special assignments.


<PAGE>

Employment Contracts and Termination of Employment and
Change-in-Control Arrangements.
-------------------------------

     There are no  employment  contracts,  compensatory  plans or  arrangements,
including payments to be received from the Company, with respect to any director
or executive officer of the Company which would in any way result in payments to
any  such  person  because  of his  or  her  resignation,  retirement  or  other
termination  of  employment  with the Company or any  subsidiary,  any change in
control of the Company, or a change in the person's responsibilities following a
change in control of the Company.

Item 11. Security Ownership of Certain Beneficial Owners and Management.
         ---------------------------------------------------------------

Security Ownership of Certain Beneficial Owners.
------------------------------------------------

     The  following  table sets forth the share  holdings  of those  persons who
beneficially  own more than five percent of the Company's common stock as of the
date of this Report,  with the computations being based upon 1,631,483 shares of
common stock being outstanding.

<TABLE>
<CAPTION>

                            Number of Shares           Percentage
Name                      Beneficially Owned           of Class (1)
----------------           ------------------           --------
<S>                          <C>                       <C>
Art Beroff                    545,118                    33%

Travis T. Jenson*              35,000                    02%

Thomas J. Howells             285,000                    17%

Jenson Services, Inc.*        250,000                    15%

James P. Doolin               285,000                    17%
                              -------                    -----
                            1,400,118                    87%

          *Travis T. Jenson, President and a Director of the Company, is the son
     of Duane S.  Jenson and the Vice  President  of Jenson  Services.  Duane S.
     Jenson is the CEO and principal stockholder of Jenson Services.

</TABLE>

<PAGE>


Security Ownership of Management.
---------------------------------

     The following table sets forth the shareholdings of the Company's directors
and executive officers as of the date of this Report:

<TABLE>
<CAPTION>
                            Number of             Percentage of
Name and Address     Shares Beneficially Owned     of Class *
----------------     -------------------------     --------
<S>                            <C>                  <C>
Travis T. Jenson                  35,000              2%
450 E. Aspen Drive
Park City, UT 84098

Thomas J. Howells                285,000              17%
8495 South Terrace Drive
Sandy, UT 84093

James P. Doolin                  285,000              17%
3288 East Fort Union Blvd
SLC, UT 84107
                                 -------              ------
All directors and
executive officers               605,000              36%
as a group (3 persons)
</TABLE>


Changes in Control.
-------------------

     To the knowledge of the Company's  management,  and except for the Mortgage
Store Agreement,  there are no present contracts or other arrangement or pledges
of the  Company's  securities  that may  result  in a change in  control  of the
Company.  See Part I, Item 1.

Item 12. Certain Relationships and Related Transactions.
         -----------------------------------------------

Transactions with Management and Others.
----------------------------------------

     The Company's Secretary,  Nick Lovato,  resigned as officer and director as
of April 25, 2000. For a description of any other  transactions  between members
of management, five percent stockholders,  "affiliates",  promoters and finders,
see the heading "Sales of  'Unregistered'  and 'Restricted'  Securities Over the
Past Three  Years" of Part III,  Item 5,  "Market for Common  Equity and Related
Stockholder Matters", herein.

<PAGE>

Item 13. Exhibits and Reports on Form 8-K.
         ---------------------------------

Reports on Form 8-K
-------------------

     The Company  filed a Report on Form 8-K with the  Securities  and  Exchange
Commission on or about October 15, 2002,  which is  incorporated  herein by this
reference,  and which  contained a press release  regarding  the Mortgage  Store
Agreement.

Exhibits
--------
None; Not Applicable.

Documents Incorporated by Reference.
------------------------------------

        Schedule 14(C) Definitive Information Statement, as filed with the
Securities and Exchange Commission on or about October 4, 2002.

        Form 10-SB Registration Statement as filed with the Securities and
Exchange Commission on or about December 1, 1999.

<PAGE>
                              SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Company has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                       LITTLE CREEK, INC.



Date:10/28/02                          /S/TRAVIS JENSON
                                       Travis Jenson
                                       President and Director



     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended, this Report has been signed below by the following persons on behalf of
the Company and in the capacities and on the dates indicated:


                                       LITTLE CREEK, INC.



Date:10/28/02                          /S/TRAVIS JENSON
                                       Travis Jenson
                                       President and Director


Date:10/28/02                          /S/THOMAS J. HOWELLS
                                       Thomas J. Howells
                                       Vice President and Director


<PAGE>


                           CERTIFICATION PURSUANT TO
                            18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



     In connection with the Annual report of Little Creek, Inc., (the "Company")
on Form  10-KSB for the  fiscal  year  ended  July 31,  2002,  as filed with the
Securities and Exchange  Commission on the date hereof,  (the "Report"),  I(We),
Travis T. Jenson,  President and Director and Thomas J. Howells,  Vice President
and Director,  of the Company,  certify,  pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

     (1) The Report fully  complies  with the  requirements  of section 13(a) or
15(d) of the Securities Exchange Act of 1934, and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
material  respects,  the  financial  condition  and result of  operations of the
Company.




By/S/ Travis T. Jenson
President and Director
October 24, 2002



By/S/ Thomas J. Howells
Vice President and Director
October 24, 2002