U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

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

                   For the Fiscal Year Ended December 31, 2006

                        Commission File Number 333-138465


                           LA CORTEZ ENTERPRISES, INC.
             (Exact name of registrant as specified in its charter)

<TABLE>
<CAPTION>
<S>                                             <C>                          <C>
           Nevada                               5441                         20-5157768
(State or Other Jurisdiction of      (Primary Standard Industrial        (I.R.S. Employer
 Incorporation or Organization)       Classification Code Number)       Identification No.)
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                            2260 El Cajon Blvd. #882
                               San Diego, CA 92104
                                  (775)352-3930
               (Address, including zip code, and telephone number,
       including area code, of registrant's principal executive offices)

Check whether the issuer is not required to file reports pursuant to Section 13
or 15(d) of the Exchange Act. [ ]

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act of 1934 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 [X] No [ ]

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. [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). [X]

As of December 31, 2006, the registrant had 4,150,000 shares of common stock,
$0.001 par value, issued and outstanding. No market value has been computed
based upon the fact that no active trading market had been established as of
December 31, 2006.

DOCUMENTS INCORPORATED BY REFERENCE
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TABLE OF CONTENTS

PART I
Item 1.  Description of Business                                             3
Item 2.  Description of Property                                            10
Item 3.  Legal Proceedings                                                  11
Item 4.  Submission of Matters to a Vote of Securities Holders              11

PART II
Item 5.  Market for Common Equity, Related Stockholder Matters and
         Small Business Issuer Purchases of Equity Securities               11
Item 6.  Management's Discussion of Analysis or Plan of Operation           13
Item 7.  Financial Statements                                               18
Item 8.  Changes in and Disagreements With Accountants on
         Accounting and Financial Disclosure                                27
Item 8A. Controls and Procedures                                            27

PART III
Item 9.  Directors, Executive Officers, Promoters and Control Persons       27
Item 10. Executive Compensation                                             28
Item 11. Security Ownership of Certain Beneficial Owners and
         Management and Related Stockholder Matters                         29
Item 12. Certain Relationships and Related Transactions                     29
Item 13. Exhibits                                                           29
Item 14. Principal Accountant Fees and Services                             30

Signatures                                                                  30

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                                     PART I

ITEM 1 - DESCRIPTION OF BUSINESS

FORM AND YEAR OF ORGANIZATION

We were incorporated in Nevada on June 9, 2006. We are a development stage
company with essentially no revenues and a limited operating history. Our fiscal
year end is December 31st.

We have a very specific business plan and are executing it as aggressively as we
can with the current funding. Our director has the experience and knowledge in
the artisan chocolate industry to successfully execute the business plan. We are
a new company early in the implementation of our business plan and performing
those tasks necessary to complete the plan.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceedings.

REORGANIZATIONS, PURCHASE OR SALE OF ASSETS

There have been no material reclassifications, mergers, consolidations, or
purchase or sale of a significant amount of assets not in the ordinary course of
business.

PRINCIPAL PRODUCTS OR SERVICES AND THEIR MARKETS

La Cortez Enterprises, Inc. intends to market and sell its chocolates wholesale
and retail to patrons throughout Mexico. We intend to create and sell various
gourmet candies made from chocolate. We will hand select our cocoa beans from
importers throughout Mexico, Central and South America.

Chocolate was first cultivated and consumed by the Mayans and Aztecs. The Aztecs
believed drinking chocolate, which was the undiluted, unsweetened liquor from
the fermented cocoa beans, would bring great wisdom, understanding and energy.
Its use was reserved for the ruling and priestly classes, and the cocoa beans
were also used as currency. In 1492 Columbus took some of the cocoa beans back
to Spain but didn't know how to process and ferment them. In 1519 Cortez took
the cocoa beans and the process from the Aztecs back to Spain. The Spaniards
added sugar and honey to the bitter liquid and the chocolate was kept a secret
of the Spanish court for almost 100 years. In 1755 the processing of chocolate
moved back to the New World when John Hanau and James Baker opened a processing
house in Massachusetts, which was the beginning of the company now known as
Baker's Chocolate. By the 1800s, mass production made solid chocolate candy
affordable to a much broader public. The armed forces helped spread the love of
chocolate worldwide. The trend first began in the late 19th century, when Queen
Victoria got her soldiers hooked on chocolate by sending them chocolates as
gifts for Christmas. But the popularity of chocolate candy bars really
skyrocketed after World War I, when chocolate was part of every United States
soldier's rations. By 1930, there were nearly 40,000 different kinds of
chocolate. New processes and machinery have improved the quality of chocolate
and the speed at which it can be produced. However, cacao farming itself remains
basically unaltered. People grow cacao in equatorial climates all around the
world today using traditional techniques first developed by the Mayans. Cacao is
still harvested, fermented, dried, cleaned, and roasted mostly by hand.

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Paralleling the shift to high-quality products in wine, coffee and cheese
consumption, consumers are coming to appreciate the tremendous differences
between finely produced artisan and gourmet chocolates and the mass produced
varieties.

According to The Gourmet Retailer Magazine (www.gourmetretailer.com June 1,
2006), "Gourmet chocolate is expected to experience delicious growth over the
next four years. Indeed, it is expected to become a nearly $1.8 billion market.
According to market analysts and manufacturers, consumers are seeking
better-quality chocolate at a variety of market levels. According to PACKAGED
FACTS, gourmet chocolate accounts for roughly 10 percent of overall chocolate
sales and is growing faster than the chocolate market. Information Resources
Inc.-tracked retail sales of gourmet chocolate at $310.8 million in 2005, a
strong 20.2-percent growth over 2004. During the period from 2001 to 2005, the
market experienced a compound annual growth rate of 10.5 percent. In comparison,
overall chocolate candy sales grew by a compound annual growth rate of 1.8
percent during the same period. Researchers consider gourmet chocolate, by
definition, different from normal chocolate varieties mainly due to their
ingredients and the production process. Normally, the chocolate categories are
categorized based on the cocoa origin, level of cocoa content, the craftsmanship
involved in chocolate making and the type of packaging.

Trends in the confectionery field, predicted by National Confectionary
Association analysts, include limited editions, dark chocolate, high-end and
gourmet selections, high cocoa content chocolates and single-origin chocolates.
Artisan chocolates, normally offered by small manufacturers in a handcrafted or
handmade process, have become a niche in the gourmet chocolate market due to
their exclusive offerings. Chocolate makers are continually experimenting with
exotic flavors and ingredient mixes. North American consumers are now following
in the footsteps of European consumers who are more likely to enjoy gourmet
chocolate as part of their daily routine and not just during a special occasion.
The same self-indulgence phenomenon that's causing people to spend three or four
dollars on a cup of coffee is driving premium chocolate sales, particularly
those of the small, portion-controlled packages."

The cacao pod is the source of all chocolate. It is the fruit of the cacao tree
containing the beans. The pods hang from the trunk and can measure up to 12
inches. Each pod takes 4 to 5 months to ripen and contains 30 to 50 cocoa beans.
Like coffee, cocoa does not acquire its full richness and flavor until it is
roasted. The amount of care given to the process of roasting will affect the
quality of the end product - either cocoa powder or chocolate. When roasting is
completed the beans are cooled and their thin shells removed by a winnowing
machine. The husked and winnowed beans are called nibs. In order to create
different flavors of chocolate many different varieties of nibs are blended to
create the various flavors. It is control of these subtle mixtures that
maintains quality and brings out the flavor of each particular piece of
chocolate. Each high-quality variety of cocoa bean has its own individual aroma,
personality, complexity, subtlety, character and tenderness.

The roasted and winnowed nibs then pass through refining mills and are ground
up. The heat generated by grinding causes the cocoa butter or fat to melt and
form a fine paste or liquid known as chocolate "liquor." The liquor is then sent
to remove most of the cocoa butter. The cake or paste left over from this
process is then made into cocoa powder. The cake then goes through several more
processes in which it is crushed, milled, and finely sifted before it is ready
for use.

To make milk chocolate, milk, sugar, cocoa butter and other ingredients must be
added to the bitter chocolate liquor. Every type of chocolate is prepared in
accordance with a completely individual recipe. The blending of various types of

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cocoa pastes and other ingredients determines the ultimate taste and quality of
the chocolate. After the cocoa paste is blended together, cocoa butter, milk,
sugar, and additional flavorings that have been carefully weighed out in
accordance with the recipe are blended together by rotating kneading arms
thoroughly mix all the ingredients. The result is a homogenous paste-like
mixture which is pleasant to the taste but gritty to the palate.

The finished mixture again goes through another process whereby a rolling
machine pulverizes the tiny particles of cocoa and sugar even further to give
the chocolate a smooth texture. The paste is then transported to machines which
heat and stir the paste in the last and most important part of the refining
process. This allows the flavors to combine. As the paste is stirred, cocoa
butter is added which makes the chocolate ready for molding. As the chocolate is
turned over in the machine, a controlled amount of air ventilates the mass,
allowing the full aroma and flavor to develop.

The quality of chocolate depends upon a number of factors including the kind
cocoa beans used, the formulation of the ingredients, and the amount of time the
chocolate machined.

To determine the quality of our chocolate we will use the following criteria:

     *    APPEARANCE - Fine chocolate should be rich in color, with a smooth
          glossy surface. Cracked or dull-colored chocolate is an indication of
          poor quality.
     *    SNAP - High quality chocolate should have a decisive "snap" sound with
          a clean break when it is broken.
     *    MELT - 100% cacao-based chocolate will melt at body temperature faster
          than engineered chocolate with stabilized fats. Quality gourmet
          chocolate will begin to melt if you hold it for a few seconds.
     *    AROMA - A strong robust chocolaty aroma - not one that is fruity or
          flowery - indicates good chocolate.
     *    MOUTHFEEL - Fine chocolate should feel creamy and melt smoothly across
          the palate. The extra fine creamy texture is achieved by the
          agitation/blending of ingredients. The longer the blending process
          lasts the creamier the chocolate will be.
     *    TASTE - The taste of high quality chocolate should be rich, sweet, and
          chocolaty - never harsh or bitter. You should also experience
          "longuer" or longevity of the flavor experience after finishing your
          chocolate.

We intend to make the following types of chocolate through the following
processes:

     *    MILK CHOCOLATE - Made of at least 10% chocolate liquor ("raw"
          chocolate pressed from cocoa nibs) and 12% milk solids combined with
          sugar, cocoa butter (fat from nibs), and vanilla. Sweet and Semi-sweet
          are made from 15-35% chocolate liquor, plus sugar, cocoa butter, and
          vanilla. This is also known as dark milk chocolate.

     *    BITTERSWEET AND BITTER CHOCOLATE - Bittersweet chocolate usually
          contains 50% chocolate liquor and has a distinct bite to the taste.
          Bitter or unsweetened chocolate liquor is used in baking and is also
          referred to as baker's chocolate.
     *    CREAMS AND VARIATIONS - Bite sized and chocolate covered. They are
          filled with caramels, nuts, creams, jellies, and so forth. There are
          three basic methods for coating chocolate onto something such as a
          caramel or a nut. The least expensive method is enrobing. During this
          process, centers are carried by conveyer belt through a machine that
          showers them with chocolate. The second method is called panning.

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          Panning is accomplished by chocolate being sprayed onto the centers as
          they rotate in revolving pans, and then cool air is blown in the pan
          to harden the chocolate. The method called dipping is generally used
          for specialty chocolate sculptures or one-of-a-kind items because it
          is the most time intensive and expensive method. Artisan chocolatiers
          use 60% - 74% chocolate couvertures in dark chocolate ganaches and 60%
          - 66% chocolate couvertures for dipping and enrobing. Examples of some
          of the creams and variations we intend to make are: chewies, jellies,
          fruit, nuts, butter crunch, tier mints, truffles, pralines and fudge.

GLOSSARY:

COCOA BUTTER: The white fat extracted from the cocoa bean. It melts at 89
degrees, has a faint chocolate taste and is key to chocolate's creamy texture.

COCOA MASS OR COCOA SOLIDS: The combination of cocoa and cocoa butter.

COUVERTURE: Couverture is a term describing professional-quality chocolate used
for dipping and enrobing chocolate. It contains a minimum of 32 percent cocoa
butter.

FUDGE: A soft candy made of butter, milk, sugar and chocolate. Often other
flavors or nuts are added.

GANACHE: A fine, silky, rich chocolate mixture made by combining chocolate and
cream. Most often used as a filling for truffles and bonbons.

GRUE AND NIBS: Nibs are the kernels of cocoa beans, which are sometimes ground
and roasted into grue.

PRALINE OR BONBON: Praline is the Belgian name for chocolates, both in French
and in Flemish. The word bonbon is also frequently used in France. A praline or
bonbon is a molded chocolate encapsulating a filling.

PRALINE: The e at the end of Praline distinguishes it from the praline above. A
mixture of equal proportions of nuts (almonds, blanched hazelnuts, etc.) and
sugar to which chocolate is then added.

SHEEN: The pleasant shine on couverture and eating chocolate. High-quality
chocolate usually has a bright sheen. A chalky face may be an indication of poor
quality. But it may also mean the chocolate has "bloomed" which means it has
been exposed to extreme temperatures - from hot to cold to hot - which causes
the cocoa butter to separate and rise to the surface. This does not affect the
taste.

TRUFFLE: A confection made of chocolate, sugar, butter and sometimes a few drops
of liqueur, shaped into balls and often coated with cocoa.

We believe the funding from our offering that was completed in December 2006,
together with revenues we anticipate and hope to receive during our first year,
will allow us to continue in business.

However, there is absolutely no assurance of this because of the uncertainties
we know we face as a start-up or development stage entity, and we may require
additional funding during the first year to sustain our operations until
revenues from operations are sufficient. Aside from the verbal agreement we have

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with our director to provide limited funds in the event we experience a
shortfall of funds, we have no commitments from commercial lenders or anyone
else to provide any additional funding, if needed.

To date, our efforts have been concentrated on the investigation and planning
stages of our proposed business. Our director has gathered information about the
specialty chocolate business and has been involved in a search for and analysis
of available, suitable locations for a retail shop and has also been involved in
lease negotiations. There is absolutely no assurance that we will be successful
in this venture.

DISTRIBUTION METHODS OF PRODUCTS OR SERVICES

La Cortez plans to utilize its management's background in the gourmet chocolate
industry to offer our products to patrons through retail locations located
across Mexico.

STATUS OF ANY PUBLICLY ANNOUNCED NEW PRODUCTS OR SERVICES

We have no new product or service planned or announced to the public.

COMPETITION AND COMPETITIVE POSITION

The retail chocolate industry is characterized by intense and substantial
competition. We believe our business will have to compete with large and
established gourmet chocolate retailers such as Godiva, See's, Whitman's and
Ghirardelli, as well as small to medium sized chocolatiers that provide similar
products. A number of our competitors are well established, substantially larger
and have greater market recognition and resources and broader distribution
capabilities than we have. We are a relatively small retailer and our position
in the industry as a whole is insignificant. Locally, we will compete against a
number of nearby retail outlets, including national retailers. Such competitors
have substantially greater resources and expertise than we do and significant
competitive advantages over us.

High quality chocolate begins with cacao bean. Cacao bean prices are determined
on worldwide commodity markets and are constantly fluctuating based on a number
of political and economic factors. We can only acquire chocolate at whatever the
prevailing price in such markets is at the time. We can only price and sell our
products to the public at competitive prices determined in retail markets. There
is no assurance we will be able to overcome competitive disadvantages we face as
a small, start up company with limited capital. If we cannot compete effectively
we will not succeed and investor will likely lose their money.

SUPPLIERS AND SOURCES OF RAW MATERIALS

We have not yet identified principal suppliers or sources for raw materials. We
will utilize our management's background to identify the suppliers of our
chocolate and the other products we will use to produce our finished products.
We intend to hand select our chocolate after taste testing samples from various
suppliers.

DEPENDENCE ON ONE OR A FEW MAJOR CUSTOMERS

We will not depend on any one or a few major customers.

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PATENTS, TRADEMARKS, FRANCHISES, CONCESSIONS, ROYALTY AGREEMENTS, OR LABOR
CONTRACTS

We have no current plans for any registrations such as patents, trademarks,
copyrights, franchises, concessions, royalty agreements or labor contracts. We
will assess the need for any copyright, trademark or patent applications on an
ongoing basis.

NEED FOR GOVERNMENT APPROVAL FOR ITS PRODUCTS OR SERVICES

We are not required to apply for or have any government approval for its
products or services.

EFFECT OF GOVERNMENTAL REGULATIONS ON THE COMPANY'S BUSINESS

We will be subject to federal laws and regulations that relate directly or
indirectly to our operations. We will be subject to common business and tax
rules and regulations pertaining to the operation of our business in Mexico.

RESEARCH AND DEVELOPMENT COSTS DURING THE LAST TWO YEARS

We have not expended funds for research and development costs since inception.

COSTS AND EFFECTS OF COMPLIANCE WITH ENVIRONMENTAL LAWS

Environmental regulations have had no materially adverse effect on our
operations to date, but no assurance can be given that environmental regulations
will not, in the future, result in a curtailment of service or otherwise have a
materially adverse effect on our business, financial condition or results of
operation.

NUMBER OF EMPLOYEES

Our only current employee is our officer who will devote as much time as the
board of directors determines is necessary to manage the affairs of the company.
Ms. de la Luz intends to work on a full time basis when we have raised capital
per our business plan. Our business plan calls for the hiring of 2 new employees
over the next twelve months.

REPORTS TO SECURITIES HOLDERS

We provide an annual report that includes audited financial information to our
shareholders. We will make our financial information equally available to any
interested parties or investors through compliance with the disclosure rules of
Regulation S-B for a small business issuer under the Securities Exchange Act of
1934. We are subject to disclosure filing requirements, including filing Form
10-KSB annually and Form 10-QSB quarterly. In addition, we will file Form 8K and
other proxy and information statements from time to time as required. We do not
intend to voluntarily file the above reports in the event that our obligation to
file such reports is suspended under the Exchange Act. The public may read and
copy any materials that we file with the Securities and Exchange Commission,
("SEC"), at the SEC's Public Reference Room at 100 F Street NE, Washington, D.C.
20549. The public may obtain information on the operation of the Public
Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an
Internet site (http://www.sec.gov) that contains reports, proxy and information
statements, and other information regarding issuers that file electronically
with the SEC.

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RISK FACTORS

OUR OFFICER AND DIRECTOR CURRENTLY DEVOTES ONLY PART TIME SERVICES TO THE
COMPANY AND IS ALSO INVOLVED IN OTHER BUSINESS ACTIVITIES. THE COMPANY'S NEEDS
COULD EXCEED THE AMOUNT OF TIME OR LEVEL OF EXPERIENCE SHE MAY HAVE. THIS COULD
RESULT IN HER INABILITY TO PROPERLY MANAGE COMPANY AFFAIRS, RESULTING IN OUR
REMAINING A START-UP COMPANY WITH NO REVENUES OR PROFITS.

Maria de la Luz, the President and Director of the company, currently devotes
approximately 15 - 20 hours per week to company matters. The responsibility of
developing the company's business and fulfilling the reporting requirements of a
public company all fall upon Ms. de la Luz. She has no prior experience serving
as a principal accounting officer or principal financial officer in a public
company. We have not formulated a plan to resolve any possible conflict of
interest with her other business activities. Ms. de la Luz intends to limit her
role in her other business activities and devote full time services to La Cortez
after we attain a sufficient level of revenue and are able to provide sufficient
officers' salaries per our business plan. In the event she is unable to fulfill
any aspect of her duties to the company we may experience a shortfall or
complete lack of sales resulting in little or no profits and eventual closure of
the business.

THE FACT THAT WE HAVE NOT EARNED ANY REVENUES SINCE OUR INCORPORATION AND WE ARE
A DEVELOPMENT STAGE COMPANY RAISES SUBSTANTIAL DOUBT ABOUT OUR ABILITY TO
CONTINUE AS A GOING CONCERN OR TO ESTABLISH AND OPERATE A SUCCESSFUL BUSINESS.
IF WE ARE UNABLE TO ESTABLISH AND GENERATE REVENUES OUR BUSINESS WILL FAILED AND
YOU MAY LOSE YOUR INVESTMENT IN OUR COMMON STOCK.

Our company was incorporated on June 9, 2006; we have not yet commenced our
business operations; and we have not yet realized any revenues. We have no
operating history upon which an evaluation of our future prospects can be made.
Based upon current plans, we expect to incur operating losses in future periods
as we incur significant expenses associated with the initial startup of our
business. Further, we cannot guarantee that we will be successful in realizing
revenues or in achieving or sustaining positive cash flow at any time in the
future. Any such failure could result in the possible closure of our business or
force us to seek additional capital through loans or additional sales of our
equity securities to continue business operations.

OUR ONLY ASSET IS $19,861 CASH IN THE BANK AND WE CANNOT PREDICT WHEN OR IF WE
WILL PRODUCE REVENUES, WHICH COULD RESULT IN A TOTAL LOSS OF YOUR INVESTMENT IF
WE ARE UNSUCCESSFUL IN OUR BUSINESS PLANS.

We have not yet opened for business and have not yet generated any revenues from
operations. In order for us to continue with our plans and open our business, we
must open for business and begin generating revenues. There can be no assurance
that we will generate revenues or that revenues will be sufficient to maintain
our business. As a result, investors could lose all of their investment if we
are not successful in our proposed business plans.

BECAUSE WE FACE INTENSE COMPETITION, AN INVESTMENT IN OUR COMPANY IS HIGHLY
SPECULATIVE.

The retail confectionary industry is characterized by intense and substantial
competition. We believe our business will have to compete with large and
established gourmet chocolate retailers such as Godiva, See's, Whitman's and
Ghirardelli, as well as small to medium sized chocolatiers that provide similar
products.

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A number of our competitors are well established, substantially larger and have
greater market recognition and resources and broader distribution capabilities
than we have. These existing and future competitors may be able to respond more
quickly to new or changing opportunities, product and customer requirements than
us and may be able to undertake more expansive promotional activities, offer
more retail locations to customers and adopt more aggressive pricing policies
than we will. Increased competition by these existing and future competitors
could materially and adversely affect our ability to commence, maintain or
expand operations.

OUR CONTINUED OPERATIONS DEPEND ON THE PUBLIC'S ACCEPTANCE OF OUR PRODUCTS. IF
THE PUBLIC DOESN'T FIND OUR PRODUCTS DESIRABLE AND WE CANNOT ESTABLISH A
RETURNING CUSTOMER BASE, WE MAY NOT BE ABLE TO GENERATE ANY FUTURE REVENUES,
WHICH WOULD RESULT IN A FAILURE OF OUR BUSINESS.

The ability to offer a selection of artisan chocolates that the public finds
desirable and willing to purchase on a recurring basis is critically important
to our success. We cannot be certain that the products that we will be offering
will be appealing to the public and as a result there may not be any future
demand for our products and our sales could be limited and we may never realize
any revenues. In addition, there are no assurances that if we alter or change
our products that a public demand for these new offerings will develop and this
could adversely affect our business and any possible revenues.

DUE TO THE NATURE OF OUR PRODUCTS, WE WILL BE SUBJECT TO SPECIFIC RISKS UNIQUE
TO THE RETAIL ARTISAN CHOCOLATE INDUSTRY.

Specialty retail food businesses such as ours are often affected by changes in
consumer and competitive conditions, including changes in consumer tastes;
national, regional and local economic conditions and demographic trends; and the
type, number and location of competing businesses. Adverse publicity resulting
from food quality, illness, injury or other health concerns or operating issues
stemming from one of our products may adversely affect our retail operations.
We, as well as our competitors, are subject to the foregoing risks, the
occurrence of any of which would impair or prevent our efforts to establish and
expand our operations. The occurrence of such risks may result in an investor
losing their investment in our common stock.

BECAUSE WE OPERATE IN A FOREIGN COUNTRY, OUR BUSINESS WILL BE SUBJECT TO FOREIGN
CURRENCY FLUCTUATIONS AND RISKS WHICH COULD SEVERELY IMPACT OUR REVENUES AND
RESULTS OF OPERATIONS.

While our bank account is in U.S. Dollars and is held in a U.S. bank, we will be
conducting the majority of our business in the Mexican Peso. The Mexican Peso
has traded in a fairly narrow range over the past several years so we currently
only have limited exposure to exchange rate fluctuations. At some point in the
future the exchange rate could fluctuate substantially more which would cause us
exposure to exchange rate risk as our profits would then be subject to exchange
rate fluctuations.

ITEM 2 - DESCRIPTION OF PROPERTY

La Cortez's principal executive office address is 2260 El Cajon Blvd. #882, San
Diego, CA 92104. The principal executive office and telephone number are
provided by the officer of the corporation. The office is used by the officer
for other business interests and is estimated to be sufficient for our business

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needs until such time as we receive funding and should remain sufficient to
accommodate our requirements during the initial phases of our business.

ITEM 3 - LEGAL PROCEEDINGS

We are not currently involved in any legal proceedings nor do we have any
knowledge of any threatened litigation.

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

No matters were submitted to a vote of security holders during the year ended
December 31, 2006.

                                     PART II

ITEM 5 - MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

As of January 16, 2007 our common stock was quoted on the Over-the-Counter
Bulletin Board (OTCBB) under the symbol LCTZ. There has been no active trading
in our shares.

PENNY STOCK RULES

The Securities and Exchange Commission has also adopted rules that regulate
broker-dealer practices in connection with transactions in penny stocks. Penny
stocks are generally equity securities with a price of less than $5.00 (other
than securities registered on certain national securities exchanges or quoted on
the Nasdaq system, provided that current price and volume information with
respect to transactions in such securities is provided by the exchange or
system).

A purchaser is purchasing penny stock which limits the ability to sell the
stock. The shares offered by this prospectus constitute penny stock under the
Securities and Exchange Act. The shares will remain penny stocks for the
foreseeable future. The classification of penny stock makes it more difficult
for a broker-dealer to sell the stock into a secondary market, which makes it
more difficult for a purchaser to liquidate his/her investment. Any
broker-dealer engaged by the purchaser for the purpose of selling his or her
shares in us will be subject to Rules 15g-1 through 15g-10 of the Securities and
Exchange Act. Rather than creating a need to comply with those rules, some
broker-dealers will refuse to attempt to sell penny stock.

The penny stock rules require a broker-dealer, prior to a transaction in a penny
stock not otherwise exempt from those rules, to deliver a standardized risk
disclosure document prepared by the Commission, which:

     --   contains a description of the nature and level of risk in the market
          for penny stocks in both public offerings and secondary trading;
     --   contains a description of the broker's or dealer's duties to the
          customer and of the rights and remedies available to the customer with
          respect to a violation to such duties or other requirements of the
          Securities Act of 1934, as amended;

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     --   contains a brief, clear, narrative description of a dealer market,
          including "bid" and "ask" prices for penny stocks and the significance
          of the spread between the bid and ask price;
     --   contains a toll-free telephone number for inquiries on disciplinary
          actions;
     --   defines significant terms in the disclosure document or in the conduct
          of trading penny stocks; and
     --   contains such other information and is in such form (including
          language, type, size and format) as the Securities and Exchange
          Commission shall require by rule or regulation.

The broker-dealer also must provide, prior to effecting any transaction in a
penny stock, to the customer:

     -    the bid and offer quotations for the penny stock;
     -    the compensation of the broker-dealer and its salesperson in the
          transaction;
     -    the number of shares to which such bid and ask prices apply, or other
          comparable information relating to the depth and liquidity of the
          market for such stock; and
     -    monthly account statements showing the market value of each penny
          stock held in the customer's account.

In addition, the penny stock rules require that prior to a transaction in a
penny stock not otherwise exempt from those rules; the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement to transactions involving
penny stocks, and a signed and dated copy of a written suitability statement.
These disclosure requirements will have the effect of reducing the trading
activity in the secondary market for our stock because it will be subject to
these penny stock rules. Therefore, stockholders may have difficulty selling
their securities.

HOLDERS

As of December 31, 2006, we have 4,150,000 shares of $0.001 par value common
stock issued and outstanding held by 39 shareholders of record.

The stock transfer agent for our securities is Island Stock Transfer, 100 Second
Avenue South, Suite 300N, St. Petersburg, Florida 33701, telephone (727)
289-0010.

DIVIDENDS

We have never declared or paid any cash dividends on our common stock. For the
foreseeable future, we intend to retain any earnings to finance the development
and expansion of our business, and we do not anticipate paying any cash
dividends on its common stock. Any future determination to pay dividends will be
at the discretion of the Board of Directors and will be dependent upon then
existing conditions, including our financial condition and results of
operations, capital requirements, contractual restrictions, business prospects,
and other factors that the board of directors considers relevant.

                                       12
<PAGE>
ITEM 6 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR RESULTS
         OF OPERATIONS

RESULTS OF OPERATIONS

We have generated no revenues since inception and have incurred $13,239 in
expenses through December 31, 2006.

The following table provides selected financial data about our company for the
year ended December 31, 2006.

                 Balance Sheet Data:             12/31/06
                 -------------------             --------
                 Cash                            $ 19,861
                 Total assets                    $ 20,361
                 Total liabilities               $  5,600
                 Shareholders' equity            $ 20,361

Cash provided by financing activities for the year ended December 31, 2006 was
$30,000, $9,000 from the sale of shares to our officer and director, $19,000
resulting from the sale of our common stock in our initial public offering to 38
independent investors and $2,000 in a shareholder loan from our officer and
director.

PLAN OF OPERATION

Our cash in the bank at December 31, 2006 was $19,861. In order to satisfy our
cash requirements we were required to complete our offering of 1,900,000 shares
registered pursuant to our SB-2 Registration Statement which became effective on
December 4, 2006. We completed and closed our SB-2 offering on December 22, 2006
selling a total of 1,900,000 shares at $.01 per share to raise an aggregate
amount of $19,000 from 38 shareholders.

We incurred operating expenses of $13,239 for the year ended December 31, 2006.
These expenses consisted of general operating expenses incurred in connection
with the day to day operation of our business and the preparation and filing of
our periodic reports and registration statement. Our net loss for the year ended
December 31, 2006 was $13,239.

In their report on our audited financial statements as at December 31, 2006, our
auditors expressed their doubt about our ability to continue as a going concern
unless we are able to generate profitable operations.

To date we have taken the following steps: developed our business plan,
determined the market in which we intend to open our first location as Tijuana,
Baja California, Mexico. La Cortez has signed a commercial lease agreement which
commenced on October 1, 2006 and continue month-to-month thereafter. We paid a
deposit of $500.00 in September for the location. The monthly rent is $200.00.

COMPLETED MILESTONES IN IMPLEMENTATION OF OUR PLAN OF OPERATIONS:

OCTOBER 2006:

Our first month's rent on our storefront was $200. Our director was paid $500
for salary. Our director began planning for the build out of our first store.

                                       13
<PAGE>
NOVEMBER 2006:

Our director completed the plans for the build out of our store front. Our costs
of operations for the month of November also included $500 for officer salary
and $200 for rent.

DECEMBER 2006:

Our director began formulation of chocolate recipes. The expense of operations
for the month of December includes $500 for officer salary, $200 for rent.

PROPOSED MILESTONES TO IMPLEMENT OUR PLAN OF OPERATIONS:

Our director has outlined the following milestones for our business plan. They
are estimates only. The number of employees, remodeling costs, inventory and
other projected milestones are approximations only, and are subject to
adjustments based upon the requirements of the business and costs of those
requirements. In addition to the monthly expense amounts budgeted we have set
aside $1,500 in working capital. As a contingency, for possible expense
overruns, we will have the $2,000 available to us that the director has loaned
the company.

MARCH 2007:

Our director completed the majority of our chocolate recipes in January and
began product testing in February. We intend to test all of our initial recipes
by preparing fifty piece sample lots and giving them to shoppers in various
shopping areas at twenty two different sites. We have permission to conduct our
free sample distribution at these sites as we have proposed to use these sites
when we select our subsequent retail stores that we are considering opening
after our first store. Our minimum expense of operations per month continues to
be $500 for officer salary and $200 for rent. In addition, our director
estimates she will have spent approximately $1,900 for product recipe
ingredients and sample ingredients during this testing phase through the end of
March 2007.

APRIL 2007:

During this month, we will begin the build out phase of our plan. We will paint,
change flooring, fixtures, and windows. We will spend $1,500 on build out costs
in April. We will also arrange for our vendor relationships and suppliers. Our
director will purchase $500 for chocolate and other recipe ingredients in order
to begin taste testing of our proposed various chocolate products. Our expenses
for operations for the month will include $200 for rent, officer salary $500,
$500 for inventory, and $1500 for build out costs. The total costs and expenses
for the month are estimated to be $2,700.

MAY 2007:

We will continue our build out phase of our plan at a cost of $1,500. We intend
to spend $1500 for furniture and equipment for our store during the month. We
intend to furnish the establishment and begin interviews with potential staff.
The expenses of operations for the month to include $200 for rent, officer
salary of $500, $500 for inventory, a cost of $1,500 for furnishings and
equipment, $1500 for build out costs. The total costs and expenses for the month
are estimated to be $4,200.

                                       14
<PAGE>
JUNE 2007

We plan to open for business while completing minor build out projects at a cost
of $1500. We will hire two part time employees to assist our director in running
the retail store. We intend to spend $2500 for equipment. Our operating expenses
for the month are estimated at: $200 for rent, $500 for salary, $500 for
inventory, $500 for staff, and $1500 for final build out costs, $2500 for
equipment. Our total costs and expenses of operations for the month are $5700.

JULY 2007:

Our monthly operating expenses are estimated at: $200 for rent, $500 for salary,
$500 for inventory, $500 for staff. Our total expenses of operations for the
month are $1,700. .

AUGUST 2007:

Our monthly operating expenses are estimated at: $200 for rent, $500 for salary,
$500 for inventory, $500 for staff. Our total expenses of operations for the
month are $1,700.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION AND BASIS OF PRESENTATION

La Cortez Enterprises, Inc. (the "Company") was incorporated on June 9, 2006 in
the State of Nevada. The Company is a development stage enterprise in accordance
with Statement of Financial Accounting Standards ("SFAS") No. 7. The Company
intends to create, market and sell gourmet chocolates to wholesalers and retail
customers at its own planned retail shops. The Company intends to raise capital
for its business plan through the issuance of equity financing; however, the
Company currently has very limited resources with which to implement this
business plan. The Company conducted its first stock offering in December 2006.

DEVELOPMENT STAGE

The Company is in the development stage in accordance with SFAS No. 7
"Accounting and Reporting by Development Stage Enterprises". As of December 31,
2006, the Company has devoted substantially all of its efforts to organizational
and financial planning.

The Company has raised $19,000 through a private stock offering and another
$9,000 through its sole officer and director's purchase of the Company's common
stock. In addition, the sole officer and director has loaned the Company $2,000.

                                       15
<PAGE>
GOING CONCERN

The accompanying financial statements have been prepared on a going concern
basis, which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business. As shown in the accompanying
financial statements, the Company is a development stage enterprise with losses
since inception and a limited operating history. These factors, among others,
may indicate that the Company will be unable to continue as a going concern for
reasonable period of time.

The financial statements do not include any adjustments relating to the
recoverability and classification of assets and liabilities that might be
necessary should the Company be unable to continue as a going concern. The
Company's continuation as a going concern is dependent upon its ability to
generate sufficient cash flow to meet its obligations on a timely basis and
ultimately to attain profitability. The Company intends to seek additional
funding through equity offerings to fund its business plan. There is no
assurance that the Company will be successful in raising additional funds.

USE OF ESTIMATES

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

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid debt instruments with original
maturities of three months or less when acquired to be cash equivalents. The
Company had no cash equivalents at December 31, 2006.

INCOME TAXES

Income taxes are provided for the tax effects of transactions reported in the
financial statements and consist of taxes currently due plus deferred taxes
related primarily to differences between the recorded book basis and the tax
basis of assets and liabilities for financial and income tax reporting. Deferred
tax assets and liabilities represent the future tax return consequences of those
differences, which will either be taxable or deductible when the assets and
liabilities are recovered or settled. Deferred taxes are also recognized for
operating losses that are available to offset future taxable income and tax
credits that are available to offset future federal income taxes.

ORGANIZATION COSTS

Costs related to the organization of the Company have been expensed as incurred.

LOSS PER COMMON SHARE

The Company reports net loss per share using a dual presentation of basic and
diluted loss per share. Basic net loss per share excludes the impact of common
stock equivalents. Diluted net loss per share utilizes the average market price
per share when applying the treasury stock method in determining common stock
equivalents. At December 31, 2006, there were no variances between the basic and
diluted loss per share as there were no potentially dilutive securities
outstanding.

                                       16
<PAGE>
FISCAL YEAR-END

The Company's year-end is December 31.

NEW ACCOUNTING PRONOUNCEMENTS

In May 2005, the FASB issued SFAS 154, "Accounting Changes and Error
Corrections," which replaces APB Opinion No. 20, "Accounting Changes," and
supersedes FASB Statement No. 3, "Reporting Accounting Changes in Interim
Financial Statements - an amendment of APB Opinion No. 28." SFAS 154 requires
retrospective application to prior periods' financial statements of changes in
accounting principle, unless it is impracticable to determine either the
period-specific effects or the cumulative effect of the change. When it is
impracticable to determine the period-specific effects of an accounting change
on one or more individual prior periods presented, SFAS 154 requires that the
new accounting principle be applied to the balances of assets and liabilities as
of the beginning of the earliest period for which retrospective application is
practicable and that a corresponding adjustment be made to the opening balance
of retained earnings for that period rather than being reported in an income
statement. When it is impracticable to determine the cumulative effect of
applying a change in accounting principle to all prior periods, SFAS 154
requires that the new accounting principle be applied as if it were adopted
prospectively from the earliest date practicable. SFAS 154 is effective for
accounting changes and corrections of errors made in fiscal years beginning
after December 15, 2005. The Company does not expect the provisions of SFAS 154
will have a significant impact on its results of operations.

In December 2004, the FASB issued SFAS 153, "Exchanges of Non-Monetary Assets,"
an amendment of APB 29. This statement amends APB 29, which is based on the
principle that exchanges of non-monetary assets should be measured at the fair
value of the assets exchanged with certain exceptions. SFAS 153 eliminates the
exception for non-monetary exchanges of similar productive assets and replaces
it with a general exception for exchanges of non-monetary assets that do not
have commercial substance. A non-monetary exchange has commercial substance if
the future cash flows of the entity are expected to change significantly as a
result of the exchange. This statement is effective for non-monetary asset
exchanges occurring in fiscal periods beginning on or after June 15, 2005. The
Company does not expect the provisions of SFAS 153 will have a significant
impact on its results of operations.

FORWARD LOOKING STATEMENTS

Some of the statements contained in this Form 10-KSB that are not historical
facts are "forward-looking statements" which can be identified by the use of
terminology such as "estimates," "projects," "plans," "believes," "expects,"
"anticipates," "intends," or the negative or other variations, or by discussions
of strategy that involve risks and uncertainties. We urge you to be cautious of
the forward-looking statements, that such statements, which are contained in
this Form 10-KSB, reflect our current beliefs with respect to future events and
involve known and unknown risks, uncertainties and other factors affecting our
operations, market growth, services, products and licenses. No assurances can be
given regarding the achievement of future results, as actual results may differ
materially as a result of the risks we face, and actual events may differ from
the assumptions underlying the statements that have been made regarding
anticipated events.

All written forward-looking statements made in connection with this Form 10-KSB
that are attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these cautionary statements. Given the
uncertainties that surround such statements, you are cautioned not to place
undue reliance on such forward-looking statements.

                                       17
<PAGE>
ITEM 7 - FINANCIAL STATEMENTS


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders:
La Cortez Enterprises, Inc.

We have audited the balance sheet of La Cortez Enterprises,  Inc. (a development
stage  company)  as  of  December  31,  2006,  and  the  related  statements  of
operations,  changes in shareholders'  equity and cash flows for the period from
June 9, 2006 (inception)  through December 31, 2006. 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 the standards of the Public  Company
Accounting Oversight Board (United States). 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 La Cortez Enterprises,  Inc. as
of December 31, 2006,  and the results of its  operations and its cash flows for
the period from June 9, 2006 (inception) through December 31, 2006 in conformity
with accounting principles generally accepted in the United States of America.

The accompanying  financial  statements have been prepared  assuming the Company
will  continue  as a going  concern.  As  discussed  in Note 1 to the  financial
statements,  the Company has suffered operating losses since inception and has a
limited operating history, which raises a substantial doubt about its ability to
continue as a going concern.  Management's  plans in regard to these matters are
also  described  in  Note  1.  The  financial  statements  do  not  include  any
adjustments that might result from the outcome of this uncertainty.



/s/ Cordovano and Honeck LLP
---------------------------------
Cordovano and Honeck LLP
Englewood, Colorado
February 8, 2007

                                       18
<PAGE>
                          LA CORTEZ ENTERPRISES, INC.
                         (A Development Stage Company)
                                 Balance Sheet

                                December 31, 2006


                                     ASSETS
Cash ...............................................................   $ 19,861
Deposit ............................................................        500
                                                                       --------

                                                                       $ 20,361
                                                                       ========

                       LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
  Accounts payable .................................................   $    500
  Accrued liabilities ..............................................      3,100
  Indebtedness to related party (Note 2) ...........................      2,000
                                                                       --------
                  Total liabilities ................................      5,600
                                                                       --------
Shareholders' equity (Note 2):
  Common stock, no par value; 75,000,000 shares authorized,
   4,150,000 shares issued and outstanding .........................      4,150
  Additional paid-in capital .......................................     23,850
  Deficit accumulated during development stage .....................    (13,239)
                                                                       --------
      Total shareholders' equity ...................................     14,761
                                                                       --------

      Total liabilities and shareholders' equity ...................   $ 20,361
                                                                       ========

                 See accompanying notes to financial statements

                                       19
<PAGE>
                           LA CORTEZ ENTERPRISES, INC
                         (A Development Stage Company)
                            Statement of Operations

       For the Period From June 9, 2006 (Inception) Through December 31, 2006


Operating expenses:
  Professional fees .............................................   $     9,988
  Rent ..........................................................         1,200
  Other .........................................................         2,051
                                                                    -----------
      Total operating expenses ..................................        13,239
                                                                    -----------

      Loss before income taxes ..................................       (13,239)

Income tax provision (Note 4) ...................................            --
                                                                    -----------

      Net loss ..................................................   $   (13,239)
                                                                    ===========

Basic and diluted loss per share ................................   $     (0.00)
                                                                    ===========
Basic and diluted weighted average
 common shares outstanding ......................................     4,150,000
                                                                    ===========

                 See accompanying notes to financial statements

                                       20
<PAGE>
                           LA CORTEZ ENTERPRISES, INC
                         (A Development Stage Company)
                  Statement of Changes in Shareholders' Equity

<TABLE>
<CAPTION>
                                                                                             Deficit
                                                                                           Accumulated
                                                         Common Stock         Additional     During
                                                      -------------------      Paid-in     Development
                                                      Shares       Amount      Capital        Stage        Total
                                                      ------       ------      -------        -----        -----
<S>                                                <C>         <C>          <C>            <C>           <C>
Balance at June 9, 2006 (inception) ..............         --      $   --      $    --      $     --     $     --

July 2006, common stock sold to president/
 sole director at $ 004 per share (Note 2) .......  2,250,000       2,250        6,750            --        9,000
December 2006, common stock sold in private
 offering at $ 01/share (Note 3) .................  1,900,000       1,900       17,100            --       19,000
Net loss, period ended December 31, 2006 .........         --          --           --       (13,239)     (13,239)
                                                    ---------      ------      -------      --------     --------

Balance at December 31, 2006 .....................  4,150,000      $4,150      $23,850      $(13,239)    $ 14,761
                                                    =========      ======      =======      ========     ========
</TABLE>

                 See accompanying notes to financial statements

                                       21
<PAGE>
                           LA CORTEZ ENTERPRISES, INC
                         (A Development Stage Company)
                            Statement of Cash Flows

        For the Period From June 9, 2006 (Inception) Through December 31, 2006


Cash flows from operating activities:
  Net loss ..........................................................  $(13,239)
  Adjustments to reconcile net loss to net cash
   used by operating activities:
  Changes in operating assets and liabilities:
    Increase in deposits ............................................      (500)
    Accounts payable ................................................       500
    Accrued liabilities .............................................     3,100
                                                                       --------
        Net cash used in operating activities .......................   (10,139)
                                                                       --------
Cash flows from financing activities:
  Proceeds from common stock sales (Note 2) .........................    28,000
  Proceeds from officer's advance (Note 2) ..........................     2,000
                                                                       --------
        Net cash provided by financing activities ...................    30,000
                                                                       --------

Net change in cash ..................................................    19,861

Cash, beginning of period ...........................................        --
                                                                       --------

Cash, end of period .................................................  $ 19,861
                                                                       ========

Supplemental disclosure of cash flow information:

Cash paid during the period for:
  Income taxes ......................................................  $     --
                                                                       ========
  Interest ..........................................................  $     --
                                                                       ========

                 See accompanying notes to financial statements

                                       22
<PAGE>
                           LA CORTEZ ENTERPRISES, INC.
                          (A Development Stage Company)
                          Notes to Financial Statements


(1)  ORGANIZATION,  BASIS OF PRESENTATION, AND SUMMARY OF SIGNIFICANT ACCOUNTING
     POLICIES

     ORGANIZATION AND BASIS OF PRESENTATION

     La Cortez  Enterprises,  Inc. (the  "Company") was  incorporated on June 9,
     2006 in the State of Nevada.  The Company is a development stage enterprise
     in accordance with Statement of Financial Accounting Standards ("SFAS") No.
     7. The Company  intends to create,  market and sell gourmet  chocolates  to
     wholesalers  and retail  customers  at its own planned  retail  shops.  The
     Company intends to raise capital for its business plan through the issuance
     of equity  financing;  however,  the  Company  currently  has very  limited
     resources with which to implement this business plan. The Company conducted
     its first stock offering in December 2006 (see Note 3).

     DEVELOPMENT STAGE

     The  Company  is in the  development  stage in  accordance  with SFAS No. 7
     "Accounting and Reporting by Development Stage Enterprises". As of December
     31,  2006,  the  Company has  devoted  substantially  all of its efforts to
     organizational and financial planning.

     The Company has raised $19,000 through a private stock offering and another
     $9,000  through its sole officer and  director's  purchase of the Company's
     common  stock.  In  addition,  the sole officer and director has loaned the
     Company $2,000.

     GOING CONCERN

     The accompanying financial statements have been prepared on a going concern
     basis, which contemplates the realization of assets and the satisfaction of
     liabilities in the normal course of business.  As shown in the accompanying
     financial  statements,  the Company is a development  stage enterprise with
     losses since  inception and a limited  operating  history.  These  factors,
     among others, may indicate that the Company will be unable to continue as a
     going concern for reasonable period of time.

     The  financial  statements do not include any  adjustments  relating to the
     recoverability  and  classification of assets and liabilities that might be
     necessary should the Company be unable to continue as a going concern.  The
     Company's  continuation as a going concern is dependent upon its ability to
     generate sufficient cash flow to meet its obligations on a timely basis and
     ultimately to attain profitability.  The Company intends to seek additional
     funding  through equity  offerings to fund its business  plan.  There is no
     assurance that the Company will be successful in raising additional funds.

     USE OF ESTIMATES

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

                                       23
<PAGE>
                           LA CORTEZ ENTERPRISES, INC.
                          (A Development Stage Company)
                          Notes to Financial Statements


     CASH AND CASH EQUIVALENTS

     The Company  considers  all highly  liquid debt  instruments  with original
     maturities  of three months or less when  acquired to be cash  equivalents.
     The Company had no cash equivalents at December 31, 2006.

     INCOME TAXES

     Income taxes are provided for the tax effects of  transactions  reported in
     the financial  statements and consist of taxes  currently due plus deferred
     taxes related primarily to differences  between the recorded book basis and
     the tax basis of assets  and  liabilities  for  financial  and  income  tax
     reporting.  Deferred tax assets and  liabilities  represent  the future tax
     return  consequences of those differences,  which will either be taxable or
     deductible  when the assets  and  liabilities  are  recovered  or  settled.
     Deferred taxes are also recognized for operating  losses that are available
     to offset  future  taxable  income and tax credits  that are  available  to
     offset future federal income taxes.

     ORGANIZATION COSTS

     Costs  related to the  organization  of the Company  have been  expensed as
     incurred.

     LOSS PER COMMON SHARE

     The Company  reports net loss per share using a dual  presentation of basic
     and diluted loss per share. Basic net loss per share excludes the impact of
     common stock  equivalents.  Diluted net loss per share utilizes the average
     market  price  per  share  when  applying  the  treasury  stock  method  in
     determining common stock  equivalents.  At December 31, 2006, there were no
     variances  between  the basic and  diluted  loss per share as there were no
     potentially dilutive securities outstanding.

     FISCAL YEAR-END

     The Company's year-end is December 31.

     NEW ACCOUNTING PRONOUNCEMENTS

     In May 2005,  the FASB  issued  SFAS  154,  "Accounting  Changes  and Error
     Corrections," which replaces APB Opinion No. 20, "Accounting  Changes," and
     supersedes FASB Statement No. 3, "Reporting  Accounting  Changes in Interim
     Financial  Statements  - an  amendment  of APB  Opinion  No.  28." SFAS 154
     requires  retrospective  application to prior periods' financial statements
     of changes in accounting principle, unless it is impracticable to determine
     either the period-specific  effects or the cumulative effect of the change.
     When it is  impracticable  to determine the  period-specific  effects of an
     accounting change on one or more individual prior periods  presented,  SFAS
     154 requires that the new  accounting  principle be applied to the balances
     of assets and  liabilities  as of the beginning of the earliest  period for
     which  retrospective  application is practicable  and that a  corresponding
     adjustment  be made to the opening  balance of retained  earnings  for that
     period  rather  than  being  reported  in an income  statement.  When it is
     impracticable  to determine the  cumulative  effect of applying a change in
     accounting  principle to all prior periods,  SFAS 154 requires that the new
     accounting  principle be applied as if it were adopted  prospectively  from
     the earliest date practicable. SFAS 154 is effective for accounting changes
     and corrections of errors made in fiscal years beginning after December 15,
     2005.  The Company does not expect the  provisions  of SFAS 154 will have a
     significant impact on its results of operations.

                                       24
<PAGE>
                           LA CORTEZ ENTERPRISES, INC.
                          (A Development Stage Company)
                          Notes to Financial Statements


     In December  2004,  the FASB issued SFAS 153,  "Exchanges  of  Non-Monetary
     Assets," an  amendment  of APB 29. This  statement  amends APB 29, which is
     based on the  principle  that  exchanges of  non-monetary  assets should be
     measured at the fair value of the assets exchanged with certain exceptions.
     SFAS 153  eliminates  the exception for  non-monetary  exchanges of similar
     productive assets and replaces it with a general exception for exchanges of
     non-monetary assets that do not have commercial  substance.  A non-monetary
     exchange  has  commercial  substance if the future cash flows of the entity
     are  expected to change  significantly  as a result of the  exchange.  This
     statement is effective for non-monetary asset exchanges occurring in fiscal
     periods  beginning on or after June 15,  2005.  The Company does not expect
     the provisions of SFAS 153 will have a significant impact on its results of
     operations.

(2) RELATED PARTY TRANSACTIONS

     On July 28, 2006, the Company sold 2,250,000  shares of its $.001 par value
     common  stock to its sole  officer and  director  for $9,000,  or $.004 per
     share.

     On July 28,  2006,  the sole officer and  director  advanced  $2,000 to the
     Company for working  capital.  The advance is included in the  accompanying
     financial statements as "Indebtedness to related party".

(3) SHAREHOLDERS' EQUITY

     On December 12, 2006, the Company sold 1,900,000 shares of its common stock
     at a price of $.01 per share for total  proceeds of $19,000.  The  offering
     was made in reliance on an exemption  from  registration  of a trade in the
     United  States  under  Section 4(2) of  Regulation  D of the United  States
     Securities Act of 1933, as amended. The Company relied upon exemptions from
     registration  believed  by it to  be  available  under  federal  and  state
     securities laws in connection  with the offering.  All sales were conducted
     through the Company's officer and director.

(4) INCOME TAXES

     A reconciliation of U.S. statutory federal income tax rate to the effective
     rate follows:

                                                                 June 9, 2006
                                                                 (Inception)
                                                                   Through
                                                              December 31, 2006
                                                              -----------------

          U S  statutory federal rate, graduated                    15.00%
          State income tax rate, net of federal                      7.51%
          Net operating loss (NOL) for which
           no tax benefit is currently available                   -22.51%
                                                                    -----
                                                                     0.00%
                                                                    =====

     At December 31, 2006,  deferred tax assets  consisted of a net tax asset of
     $2,981,  due to operating loss  carryforwards  of $13,239,  which was fully
     allowed for, in the valuation  allowance of $2,981. The valuation allowance
     offsets  the net  deferred  tax asset for which it is more  likely than not
     that the  deferred  tax  assets  will not be  realized.  The  change in the

                                       25
<PAGE>
                           LA CORTEZ ENTERPRISES, INC.
                          (A Development Stage Company)
                          Notes to Financial Statements


     valuation  allowance for the period ended December 31, 2006 totaled $2,981.
     The current tax benefit also totaled  $2,981 for the period ended  December
     31, 2006.  The net operating  loss  carryforward  expires  through the year
     2026.

     The  valuation  allowance  will  be  evaluated  at the  end of  each  year,
     considering  positive and negative  evidence about whether the deferred tax
     asset  will be  realized.  At that  time,  the  allowance  will  either  be
     increased or reduced; reduction could result in the complete elimination of
     the allowance if positive evidence indicates that the value of the deferred
     tax assets is no longer impaired and the allowance is no longer required.

     Should the Company undergo an ownership change as defined in Section 382 of
     the  Internal   Revenue  Code,   the  Company's  tax  net  operating   loss
     carryforwards generated prior to the ownership change will be subject to an
     annual  limitation,  which could reduce or defer the  utilization  of these
     losses.

(5) COMMITMENT

     On September  15,  2006,  the Company  entered  into a Commercial  Property
     Lease.  The  lease  commenced  on  November  1,  2006  and  continues  on a
     month-to-month  basis until  cancelled by either party.  The lease requires
     rental  payments of $200 per month and a $500 deposit,  which is paid as of
     December 31, 2006.

                                       26
<PAGE>
ITEM 8 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS AND FINANCIAL DISCLOSURE

None.

ITEM 8A - EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities Exchange Act of 1934, as of the end of the period covered
by this report. Based on this evaluation, our principal executive officer and
principal financial officer concluded as of the evaluation date that our
disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, including any
consolidating subsidiaries, and was made known to us by others within those
entities, particularly during the period when this report was being prepared.

Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have not identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.

                                    PART III

ITEM 9 - DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS

The director and officer of La Cortez Enterprises, whose one year term will
expire 09/15/07, or at such a time as her successor(s) shall be elected and
qualified is as follows:

Name & Address              Age     Position    Date First Elected  Term Expires
--------------              ---     --------    ------------------  ------------
Maria de la Luz             52      President,       07/25/06         09/15/07
2260 El Cajon Blvd. #882            Secretary,
San Diego, CA  92104                Director

The foregoing person is a promoter of La Cortez Enterprises, as that term is
defined in the rules and regulations promulgated under the Securities and
Exchange Act of 1933.

Directors are elected to serve until the next annual meeting of stockholders and
until their successors have been elected and qualified. Officers are appointed
to serve until the meeting of the board of directors following the next annual
meeting of stockholders and until their successors have been appointed and
qualified.

                                       27
<PAGE>
No executive officer or director of the corporation has been the subject of any
order, judgment, or decree of any court of competent jurisdiction, or any
regulatory agency permanently or temporarily enjoining, barring, suspending or
otherwise limiting him or her from acting as an investment advisor, underwriter,
broker or dealer in the securities industry, or as an affiliated person,
director or employee of an investment company, bank, savings and loan
association, or insurance company or from engaging in or continuing any conduct
or practice in connection with any such activity or in connection with the
purchase or sale of any securities.

No executive officer or director of the corporation has been convicted in any
criminal proceeding (excluding traffic violations) or is the subject of a
criminal proceeding which is currently pending.

No executive officer or director of the corporation is the subject of any
pending legal proceedings.

RESUME

MARIA DE LA LUZ

EMPLOYMENT HISTORY

1986 - 2006
El Farol Chocolatiers, Tijuana, B.C. Mexico
Manage entire process of preparation and manufacturing of chocolates.

EDUCATION

Preparatory School Sor Juana Ines de la Cruz in Mexico City

ITEM 10 - EXECUTIVE COMPENSATION

Our current officer has received no compensation to date. Beginning in December
2006 our business plan allows for a salary for Ms. de la Luz of $500 per month,
if we receive funding. The current Board of Directors is comprised of only Ms.
Maria de la Luz.

                           Summary Compensation Table

<TABLE>
<CAPTION>
                                                 Other
Name &                                           Annual      Restricted                            All Other
Principal                                       Compen-        Stock         Options      LTIP      Compen-
Position         Year    Salary($)   Bonus($)   sation($)    Award(s)($)     SARs(#)   Payouts($)  sation($)
--------         ----    ---------   --------   ---------    -----------     -------   ----------  ---------
<S>             <C>     <C>         <C>        <C>          <C>             <C>        <C>
M. de la Luz     2006       -0-         -0-        -0-           -0-           -0-        -0-         -0-
President
</TABLE>

                                       28
<PAGE>
There are no current employment agreements between the company and its executive
officer.

There are no annuity, pension or retirement benefits proposed to be paid to
officers, directors or employees of La Cortez Enterprises in the event of
retirement at normal retirement date pursuant to any presently existing plan
provided or contributed to by the company or any of its subsidiaries, if any.

ITEM 11 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
          RELATED STOCKHOLDER MATTERS

The following table sets forth information on the ownership of La Cortez's
voting securities by officers, directors and major shareholders as well as those
who own beneficially more than five percent of our common stock as of the date
of this annual report:

Title of            Name &                       Amount &             Percent
 Class             Address                    Nature of owner          Owned
 -----             -------                    ---------------          -----
Common      Maria de la Luz                    2,250,000 (a)            54%
            2260 El Cajon Blvd. #882
            San Diego, CA 92104

Total Shares Owned by Officers &
 Directors As a Group                          2,250,000                54%

----------
(a)  Ms. de la Luz received 2,250,000 shares of the company's common stock on
     July 28, 2006 for $9,000 cash.

ITEM 12 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Ms. De la Luz, the officer of the corporation, has agreed to provide the company
her services and the use of her office for a monthly charge of $200.

Ms. de la Luz purchased 2,250,000 shares of the company's common stock for cash
in the amount of $9,000 on July 28, 2006. The stock was valued at $0.004 per
share.

ITEM 13 - EXHIBITS

The following exhibits are included with this filing:

     Exhibit
     Number                   Description
     ------                   -----------
        3(i)          Articles of Incorporation*
        3(ii)         Bylaws*
       31.1           Sec. 302 Certification of CEO
       31.2           Sec. 302 Certification of CFO
       32.1           Sec. 906 Certification of CEO
       32.2           Sec. 906 Certification of CFO

----------
*    Included in our original SB-2 filing under Commission File Number
     333-138465.

                                       29
<PAGE>
ITEM 14 - PRINCIPAL ACCOUNTANT FEES AND SERVICES

The total fees charged to the company for audit services were $3,000, for
audit-related services were $Nil, for tax services were $Nil and for other
services were $350 during the year ended December 31, 2006.

                                   SIGNATURES

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


/s/ Maria de la Luz                                           February 14, 2007
-------------------------------------                         -----------------
Maria de la Luz, President                                          Date
(Principal Executive Officer, Principal Financial
Officer, Principal Accounting Officer)

                                       30