UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                 FORM 10-KSB

[x]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the fiscal year ended January 31, 2005

     OR

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

     For the transition period from:

                    Commission file number: 2-98191- D

                               Marwich II, Ltd.
                (Name of Small Business Issuer in its charter)

           Colorado                                    84-0925128
  (State or other jurisdiction                      (I.R.S. Employer
of incorporation or organization)                 Identification Number)

           12773 Forest Hill Boulevard, West Palm Beach, FL 33414
                 (Address of principal executive offices)

                 Issuer's telephone number: (561) 798-2907

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

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

                    Common Stock, no par value per share
                            (Title of class)

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 registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.  YES [ ] NO [X]

Check if there is no disclosure of delinquent filers in response to Item 405
of Regulation S-B is not 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.   YES [ ] NO [X]

State issuer's revenues for its most recent fiscal year.   $ -0-

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. (See definition of affiliate in Rule 12b-2 of the Exchange Act):  $ -0-

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.                   Yes [ ] No [ ]
Not applicable.

                    (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:  946,416 as of May 4, 2005.

Transitional Small Business Disclosure Format (Check one):  Yes [ ]; No [X]



                                   PART I

ITEM 1.  BUSINESS

Marwich II, Ltd. (the "registrant" or "Company") was incorporated under the
laws of the state of Colorado on August 16, 1983.  The registrant was
organized to engage in the acquisition of assets and properties which
management believes has good business potential and the company acquired a
number of real estate and promissory note properties.

In connection with its corporate purposes, the registrant filed a registered
statement for a public offering of its common stock, which became effective
September 11, 1985, but was never funded or closed out.  This offering was
made pursuant to a registration statement under the Securities Act of 1933
filed with the Securities and Exchange Commission in New York, New York on
Form S-18.

The Company subsequently sold its subsidiaries and ceased active business
operations and the Company was administratively dissolved by the Colorado
Secretary of State effective January 1, 1991 and has been dormant since. All
previously existing contracts, including Stock Option Plans, were terminated.
The Company has been reinstated by the Colorado Secretary of State effective
October 13, 2004.

In October 2004, the Board, appointed three new members and officers, Michael
Schumacher, George A. Powell and Peter Porath, all of whom are shareholders of
the firm Pride Equities, Inc. (Pride). Management then secured the services of
Pride, a consulting firm that is expected to assist the Company in its efforts
to salvage value for the benefit of its shareholders.  The Company has opted
to become a "blank check" company and to further engage in any lawful
corporate undertaking, including, but not limited to, selected mergers and
acquisitions.  Pride contributed $30,000 as paid in capital to the Company to
pay for the costs of current accounting and filings with the Securities and
Exchange Commission, so as to reactivate the Company as a reporting company.
The Company issued Pride 2,400,000 shares (pre reverse split), of its common
stock representing approximately 50.717% of its common stock outstanding as of
November 30, 2004, in exchange for $30,000 cash.  Pride has also agreed to
advise the Company as to potential business combinations.

Pursuant to the Articles of Incorporation, the Company was authorized to issue
20,000,000 shares of common stock with no par value and 1,000,000 shares of
$0.01 par value Preferred Stock.  The Company had a shareholder meeting on
November 30, 2004 to amend the Articles of Incorporation to increase the
authorized common stock to 100,000,000 shares of no par value common stock.

In addition, at the shareholders meeting held November 30, 2004, the
shareholders voted to authorize a reverse stock split of all 4,732,077 shares
on a one for five basis, with any fractional shares rounded up to the next
whole share. After the reverse split there are outstanding a total of 946,416
shares.

Since 1989, the Company has not engaged in any operations and has been
dormant.  As such, the Company may presently be defined as a "shell" company,
whose sole purpose, at this time, is to locate and consummate a merger or
acquisition with a private entity.




                                       2



The Company has opted to resume the filing of reporting documentation in an
effort to maximize shareholder value.  The best use and primary attraction of
the Company as a merger partner or acquisition vehicle will be its status as a
reporting public company.  Any business combination or transaction may
potentially result in a significant issuance of shares and substantial
dilution to present stockholders of the Company.

The proposed business activities described herein classify the Company as a
"blank check" company.  Many states have enacted statutes, rules and
regulations limiting the sale of securities of "blank check" companies in
their respective jurisdictions.  Management does not intend to undertake any
offering of the Company's securities, either debt or equity, until such time
as the Company has successfully implemented its business plan described
herein.

GENERAL BUSINESS PLAN

At this time, the Company's purpose is to seek, investigate and, if such
investigation warrants, acquire an interest in business opportunities
presented to it by persons or firms who or which desire to seek the perceived
advantages of an Exchange Act registered corporation.  The Company will not
restrict its search to any specific business, industry, or geographical
location and the Company may participate in a business venture of virtually
any kind or nature.  This discussion of the proposed business is purposefully
general and is not meant to be restrictive of the Company's virtually
unlimited discretion to search for and enter into potential business
opportunities.  Management anticipates that it may be able to participate in
only one potential business venture because the Company has nominal assets and
limited financial resources.  See Item 7. "FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA."  This lack of diversification should be considered a
substantial risk to shareholders of the Company because it will not permit the
Company to offset potential losses from one venture against gains from
another.

The Company may seek a business opportunity with entities which have recently
commenced operations, or which wish to utilize the public marketplace in order
to raise additional capital in order to expand into new products or markets,
to develop a new product or service, or for other corporate purposes.  The
Company may acquire assets and establish wholly-owned subsidiaries in various
businesses or acquire existing businesses as subsidiaries.

The Company intends to advertise and promote the Company privately.  The
Company has not yet prepared any notices or advertisement.

The Company anticipates that the selection of a business opportunity in which
to participate will be complex and extremely risky.  Due to general economic
conditions, rapid technological advances being made in some industries and
shortages of available capital, management believes that there are numerous
firms seeking the perceived benefits of a publicly registered corporation.
Such perceived benefits may include facilitating or improving the terms on
which additional equity financing may be sought, providing liquidity for
incentive stock options or similar benefits to key employees, providing
liquidity (subject to restrictions of applicable statutes), for all
shareholders and other factors. Potentially, available business opportunities
may occur in many different industries and at various stages of development,
all of which will make the task of comparative investigation and analysis of
such business opportunities extremely difficult and complex.



                                     3


The Company has, and will continue to have, little or no capital with which to
provide the owners of business opportunities with any significant cash or
other assets.  However, management believes the Company will be able to offer
owners of acquisition candidates the opportunity to acquire a controlling
ownership interest in a publicly registered company without incurring the cost
and time required to conduct an initial public offering.  The owners of the
business opportunities will, however, incur significant legal and accounting
costs in connection with acquisition of a business opportunity, including the
costs of preparing Form 8-K's, 10-K's or 10-KSB's, agreements and related
reports and documents.  The Securities Exchange Act of 1934 (the "34 Act"),
specifically requires that any merger or acquisition candidate comply with all
applicable reporting requirements, which include providing audited financial
statements to be included within the numerous filings relevant to complying
with the 34 Act.  Nevertheless, the officers and directors of the Company have
not conducted market research and are not aware of statistical data which
would support the perceived benefits of a merger or acquisition transaction
for the owners of a business opportunity.

The analysis of new business opportunities will be undertaken by, or under the
supervision of, the officers and directors of the Company.  Management intends
to concentrate on identifying preliminary prospective business opportunities,
which may be brought to its attention through present associations of the
Company's officers and directors.  In analyzing prospective business
opportunities, management will consider such matters as the available
technical, financial and managerial resources; working capital and other
financial requirements; history of operations, if any; prospects for the
future; nature of present and expected competition; the quality and experience
of management services which may be available and the depth of that
management; the potential for further research, development, or exploration;
specific risk factors not now foreseeable but which then may be anticipated to
impact the proposed activities of the Company; the potential for growth or
expansion; the potential for profit; the perceived public recognition of
acceptance of products, services, or trades; name identification; and other
relevant factors.  Officers and directors of the Company do expect to meet
personally with management and key personnel of the business opportunity as
part of their investigation.  To the extent possible, the Company intends to
utilize written reports and investigation to evaluate the above factors.  The
Company will not acquire or merge with any company for which audited financial
statements cannot be obtained within a reasonable period of time after closing
of the proposed transaction.

The Officers of the Company have limited experience in managing companies
similar to the Company and shall rely upon their own efforts, in accomplishing
the business purposes of the Company.  The Company may from time to time
utilize outside consultants or advisors to effectuate its business purposes
described herein. No policies have been adopted regarding use of such
consultants or advisors, the criteria to be used in selecting such consultants
or advisors, the services to be provided, the term of service, or regarding
the total amount of fees that may be paid.  However, because of the limited
resources of the Company, it is likely that any such fee the Company agrees to
pay would be paid in stock and not in cash.

The Company will not restrict its search for any specific kind of firms, but
may acquire a venture that is in its preliminary or development stage, which
is already in operation, or in essentially any stage of its corporate life. It
is impossible to predict at this time the status of any business in which the
Company may become engaged, in that such business may need to seek additional
capital, may desire to have its shares publicly traded, or may seek other

                                     4



perceived advantages which the Company may offer.  However, the Company does
not intend to obtain funds in one or more private placements to finance the
operation of any acquired business opportunity until such time as the Company
has successfully consummated such a merger or acquisition.

It is anticipated that the Company will incur nominal expenses in the
implementation of its business plan described herein. The Company has limited
capital with which to pay these anticipated expenses.

ACQUISITION OF OPPORTUNITIES

In implementing a structure for a particular business acquisition, the Company
may become a party to a merger, consolidation, reorganization, joint venture,
or licensing agreement with another corporation or entity. It may also acquire
stock or assets of an existing business.  On the consummation of a
transaction, it is probable that the present management and shareholders of
the Company will no longer be in control of the Company.  In addition, the
Company's directors may, as part of the terms of the acquisition transaction,
resign and be replaced by new directors without a vote of the Company's
shareholders or may sell their stock in the Company.  Any and all such sales
will only be made in compliance with the securities laws of the United States
and any applicable state.

It is anticipated that any securities issued in any such reorganization would
be issued in reliance upon exemption from registration under applicable
federal and state securities laws. In some circumstances, however, as a
negotiated element of its transaction, the Company may agree to register all
or a part of such securities immediately after the transaction is consummated
or at specified times thereafter.  If such registration occurs, of which there
can be no assurance, it will be undertaken by the surviving entity after the
Company has successfully consummated a merger or acquisition and the Company
is no longer considered a "shell" company.  Until such time as this occurs,
the Company does not intend to register any additional securities.  The
issuance of substantial additional securities and their potential sale into
any trading market which may develop in the Company's securities may have a
depressive effect on the value of the Company's securities in the future, if
such a market develops, of which there is no assurance.

While the actual terms of a transaction to which the Company may be a party
cannot be predicted, it may be expected that the parties to the business
transaction will find it desirable to avoid the creation of a taxable event
and thereby structure the acquisition in a so-called "tax-free" reorganization
under Sections 368(a)(1) or 351 of the Internal Revenue Code (the "Code").  In
order to obtain tax-free treatment under the Code, it may be necessary for the
owners of the acquired business to own 80% or more of the voting stock of the
surviving entity.  In such event, the shareholders of the Company would retain
less than 20% of the issued and outstanding shares of the surviving entity,
which would result in significant dilution in the equity of such shareholders.

As part of the Company's investigation, officers and directors of the Company
may personally meet with management and key personnel, may visit and inspect
material facilities, obtain analysis of verification of certain information
provided, check references of management and key personnel, and take other
reasonable investigative measures, to the extent of the Company's limited
financial resources and management expertise.  The manner in which the Company
participates in an opportunity will depend on the nature of the opportunity,
the respective needs and desires of the Company and other parties, the
management of the opportunity and the relative negotiation strength of the
Company and such other management.

                                     5


With respect to any merger or acquisition, negotiations with target company
management is expected to focus on the percentage of the Company which the
target company shareholders would acquire in exchange for all of their
shareholdings in the target company.  Depending upon, among other things, the
target company's assets and liabilities, the Company's shareholders will in
all likelihood hold a substantially lesser percentage ownership interest in
the Company following any merger or acquisition.  The percentage ownership may
be subject to significant reduction in the event the Company acquires a target
company with substantial assets.  Any merger or acquisition effected by the
Company can be expected to have a significant dilutive effect on the
percentage of shares held by the Company's then shareholders.

The Company will participate in a business opportunity only after the
negotiation and execution of appropriate written agreements.  Although the
terms of such agreements cannot be predicted, generally such agreements will
require some specific representations and warranties by all of the parties
thereto, will specify certain events of default, will detail the terms of
closing and the conditions which must be satisfied by each of the parties
prior to and after such closing, will outline the manner of bearing costs,
including costs associated with the Company's attorneys and accountants, will
set forth remedies on default and will include miscellaneous other terms.

As stated hereinabove, the Company will not acquire or merge with any entity
which cannot provide independent audited financial statements within a
reasonable period of time after closing of the proposed transaction.  The
Company is subject to all of the reporting requirements included in the 1934
Act.  Included in these requirements is the affirmative duty of the Company to
file independent audited financial statements as part of its Form 8-K to be
filed with the Securities and Exchange Commission upon consummation of a
merger or acquisition, as well as the Company's audited financial statements
included in its annual report on Form 10-K (or 10-KSB, as applicable).  If
such audited financial statements are not available at closing, or within time
parameters necessary to insure the Company's compliance with the requirements
of the 1934 Act, or if the audited financial statements provided do not
conform to the representations made by the candidate to be acquired in the
closing documents, the closing documents will provide that the proposed
transaction will be voidable, at the discretion of the present management of
the Company.  If such transaction is voided, the agreement will also contain a
provision providing for the acquisition entity to reimburse the Company for
all costs associated with the proposed transaction.

The Company does not intend to provide the Company's security holders with any
complete disclosure documents, including audited financial statements,
concerning an acquisition or merger candidate and its business prior to the
consummation of any acquisition or merger transaction.

COMPETITION

The Company will remain an insignificant participant among the firms that
engage in the acquisition of business opportunities. There are many
established venture capital and financial concerns which have significantly
greater financial and personnel resources and technical expertise than the
Company.  In view of the Company's combined extremely limited financial
resources and limited management availability, the Company will continue to be
at a significant competitive disadvantage compared to the Company's
competitors.



                                     6



ITEM 2. DESCRIPTION OF PROPERTY.

The Company currently maintains a mailing address at 12773 Forest Hill
Boulevard, West Palm Beach, FL 33414, which is the address of its
Vice-President.  The Company pays no rent for the use of this mailing address.
The Company does not believe that it will need to maintain an office at any
time in the foreseeable future in order to carry out its plan of operations
described herein.

ITEM 3. LEGAL PROCEEDINGS.

In the opinion of counsel there are no known legal proceedings or outstanding
judgments against the Company, nor any pending litigation.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

The following items were submitted to a vote of the security holders of the
company and approved effective as of November 30, 2004.

  *   Increasing the authorized common stock to 100,000,000 shares
  *   A one for five reverse stock split-with fractional shares rounded up
  *   The ratification of the issuance of 2,400,000, pre-split, shares to
      Pride Equities, Inc.
  *   To authorize the filing of Restated Articles of Incorporation, if
      desired by the Board of Directors
  *   To reduce all time periods, either in the Articles or By-laws, to the
      minimum time period allowed by state law, as enacted from time to time.



                                   PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

(a) Market Information.

There is not a market for the Company's securities.

(b) Holders.

As of May 4, 2005, there are approximately 35 holders of the Company's Common
Stock.

(c) Dividends.

The Company has never paid a cash dividend on its Common Stock and has no
present intention to declare or pay cash dividends on the Common Stock in the
foreseeable future.  The Company intends to retain any earnings, which it may
realize in the foreseeable future to finance its operations.  Future
dividends, if any, will depend on earnings, financing requirements and other
factors.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
FINANCIAL CONDITIONS.

The following discussion should be read in conjunction with the information
contained in the financial statements of the Company and the Notes thereto
appearing elsewhere herein.



                                     7



Results of Operations

The Company incorporated in Colorado.  Its principal business included
acquisition of and management of real property assets.  The Company was
administratively dissolved by the Colorado Secretary of State effective
January 1, 1991, and the registrant has been dormant since then. The Company
was reinstated by the Secretary of State of Colorado effective October 13,
2004.

In the year 2004, management, in an effort to salvage value for the sake of
their shareholders and therefore optimize their interests, decided to
structure the Company as a potential merger candidate or "blank check"
company.  It caused to be filed five years of the most recent annual audited
financial statements of the Company so as to resume reporting status.

The Company believes that while there is some doubt as to the Company's
continuance as a going concern, its success is dependent upon its ability to
meet its financing requirements and the success of its future operations or
completion of a successful business combination.  Management believes that
actions planned and presently being taken to revise the Company's operating
and financial requirements provide the opportunity to the Company to continue
as a going concern.

In the opinion of legal counsel there are no known outstanding judgments
against the Company, nor any pending litigation.

Since 1989, the Company has ceased all substantive operations.

Liquidity and Capital Resources.

From the Company's date of incorporation until November 30, 2004, the Company
had issued and outstanding an aggregate of 2,337,077 (pre-split) shares of its
common stock.  On November 30, 2004, the Company issued 2,400,000 shares
(which amount is included in the aggregate 4,732,077 issued and outstanding,
prior to the one for five reverse stock split which would effectively reduce
the outstanding shares to 946,416) for $30,000 cash.  Pride has also agreed to
advise the Company as to potential business combinations.

The Company has no operating history as a "blank check" company and no
material assets.

ITEM 7. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.



















                                     8




                         INDEX TO FINANCIAL STATEMENTS

                               Marwich II, Ltd.
                         (A Development Stage Company)



                             FINANCIAL STATEMENTS

                                    with

               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

Report of Independent Certified Public Accountants               F-2

     Financial Statements:

          Balance Sheet                                          F-3

          Statements of Operations                               F-4

          Statement of Changes in Stockholders' Equity           F-5

          Statements of Cash Flows                               F-6

          Notes to Financial Statements                          F-7



































                                    F-1



            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


The Board of Directors
Marwich II, Ltd.
Denver, CO

We have audited the accompanying balance sheet of Marwich II, Ltd.. as of
January 31, 2005, and the related statements of operations, stockholders'
equity and cash flows for the years ended January 31, 2005 and 2004.  These
financial statements are the responsibility of the company's management.  Our
responsibility is to express an opinion on these financial statements based on
our audits.

We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States).  Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement.  The Company is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting.  Our audit included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the effectiveness of the Company's internal
control over financial reporting.  Accordingly, we express no such opinion.
An audit also includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements, 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 Marwich II, Ltd. (a
development-stage company) as of January 31, 2005, and the results of its
operations, changes in its stockholders' equity and its cash flows for the
years ended January 31, 2005 and 2004 in conformity with accounting principles
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 described in Note 1, the Company
has limited working capital and no active business operations, which raises
substantial doubt about its ability to continue as a going concern.  The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.


/s/ Miller and McCollom

Miller and McCollom
Certified Public Accountants
4350 Wadsworth Blvd., Suite 300
Wheat Ridge, CO 80033

April 26, 2005






                                      F-2



                               MARWICH II, LTD.
                        (A Development Stage Company)

                                BALANCE SHEET
                               January 31, 2005

                                    ASSETS


Current Assets:
   Cash                                                    $  19,931
                                                           ---------
   Total Current Assets                                       19,931

TOTAL ASSETS                                               $  19,931
                                                           =========

                     LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:                                       $     648
                                                           ---------
     Total Current Liabilities
                                                                 648
                                                           ---------
TOTAL LIABILITIES                                                648
                                                           ---------

Stockholders' Equity:
  Common stock, no par value
   100,000,000 shares authorized,
   946,416 issued and outstanding                            333,567
  Accumulated (Deficit)                                     (314,284)
                                                           ---------
TOTAL STOCKHOLDERS' EQUITY                                    19,283
                                                           ---------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                 $  19,931
                                                           =========



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
















                                     F-3




                              MARWICH II, LTD.
                       (A Development Stage Company)

                          STATEMENTS OF OPERATIONS

                                                           For the Period
                                                           from October 13,
                                                            2004 (date of
                                                             development
                              For the Year Ended            stage through
                                  January 31,                January 31,
                              2005          2004                 2004
                            --------      --------         ----------------

Revenue                     $   -         $   -                $   -

Expenses:
  Accounting and legal         9,710          -                   9,710
  Other                        1,007          -                   1,007
                            --------      --------             --------
                              10,717          -                  10,717
                            --------      --------             --------
Net (Loss)                  $(10,717)     $   -                $(10,717)
                            --------      --------             --------

Per Share                   $   (.02)     $   nil              $   (.01)
                            ========      ========             ========

Weighted Average Shares
 Outstanding                 566,416       466,416              809,273
                            ========      ========             ========





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






















                                    F-4



                              MARWICH II, LTD.
                       (A Development Stage Company)

                STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
        For the Period from February 1, 2003 through January 31, 2005

<TABLE>
<CAPTION>

                     Preferred   Stock     Common      Stock      Accumulated
                     No./Shares  Amount   No./Shares   Amount      (Deficit)      Total
                     ----------  ------   ----------   --------   ------------  --------
<S>                  <C>         <C>      <C>          <C>        <C>           <C>
Balance at
February 1, 2003              -  $    -     466,416    $303,567    $(303,567)   $      -

Net loss-year
ended January 31,
2004                          -       -           -           -            -           -
                         ------  ------     -------    --------    ---------    --------
Balance at
January 31, 2004              -       -     466,416     303,567     (303,567)          -

Stock issued
for cash                      -       -     480,000      30,000            -      30,000

Net loss-year
ended January 31,
2005                          -       -           -           -      (10,717)    (10,717)
                         ------  ------     -------    --------    ---------    --------
Balance at
January 31, 2005              -       -     946,416    $333,567    $(314,284)   $ 19,283
                         ======  ======     =======    ========    =========    ========
</TABLE>



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





















                                      F-5


                               MARWICH II, LTD.
                        (A Development Stage Company)

                           STATEMENTS OF CASH FLOWS

                                                           For the Period
                                                           from October 13,
                                                            2004 (date of
                                                             development
                                     For the Year Ended     stage through
                                         January 31,         January 31,
                                     2005          2004          2004
                                   ---------    ---------  ----------------

Cash Flows from Operating
 Activities:
  Net Loss                         $(10,717)    $    -         $(10,717)
  Adjustment to reconcile
   net (loss) to net cash
   provided by operating
   activities:
    Increase in accounts payable        648          -              648
                                   --------     --------       --------
  Net Cash (Used in) Operating
   Activities                       (10,069)         -          (10,069)
                                   --------     --------       --------
Cash Flows from Investing
 Activities                            -             -             -
                                   ========     ========       ========

Cash Flows from Financing
 Activities:
  Issuance of stock for cash         30,000          -           30,000
                                   --------     --------       --------
 Net Cash Provided by Financing
  Activities                         30,000          -           30,000
                                   --------     --------       --------
Increase in Cash                     19,931          -           19,931

Cash, Beginning of Period              -             -             -
                                   --------     --------       --------

Cash, End of Period                $ 19,931     $    -         $ 19,931
                                   ========     ========       ========

Interest Paid                      $   -        $    -         $   -
                                   ========     ========       ========

Income Taxes Paid                  $   -        $    -         $   -
                                   ========     ========       ========

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







                                     F-6



                              MARWICH II, LTD.
                       (A Development Stage Company)

                       NOTES TO FINANCIAL STATEMENTS
                              January 31, 2005

(1)  Summary of Accounting Policies, and Description of Business

This summary of significant accounting policies of Marwich II, Ltd. (Company)
is presented to assist in understanding the Company's financial statements.
The financial statements and notes are representations of the Company's
management who is responsible for their integrity and objectivity.  These
accounting policies conform to generally accepted accounting principles in the
United States of America and have been consistently applied in the preparation
of the financial statements.

     (a)  Organization and Description of Business

The Company was incorporated as on August 16, 1983 under the laws of the State
of Colorado.

The Company was in the business of acquiring, managing, and selling
residential, rental, and commercial real estate.  On January 1, 1991, the
Company was dissolved, by administrative action of the Colorado Secretary of
State, as a result of non-filing of required documents with the State of
Colorado.  Since January 1, 1991, the Company has not engaged in any
operations and has been dormant.

Effective October 13, 2004, the Company reinstated its charter and commenced
activities to become reporting with the SEC with the intention to become a
publicly trading company.

     (b)  Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with generally accepted
accounting principles in the United States of America 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 revenue and expenses
during the reporting period.  Actual results could differ from those
estimates.

     (c)  Per Share Information

The computation of loss per share of common stock is based on the weighted
average number of shares outstanding during the periods presented.

     (d)  Basis of Presentation - Going Concern

The accompanying financial statements have been prepared in conformity with
generally accepted accounting principles in the United States of America,
which contemplates continuation of the Company as a going concern.  However,
the Company has limited working capital and no active business operations,
which raises substantial doubt about its ability to continue as a going
concern.

In view of these matters, realization of certain of the assets in the
accompanying balance sheet is dependent upon continued operations of the
Company, which in turn is dependent upon the Company's ability to meet its
financial requirements, raise additional capital, and the success of its
future operations.

                                    F-7



                               MARWICH II, LTD.
                        (A Development Stage Company)

                        NOTES TO FINANCIAL STATEMENTS
                              January 31, 2005

(1)  Summary of Accounting Policies, Continued

     (d)  Basis of Presentation - Going Concern

Management has opted to resume the filing of Securities and Exchange
Commission (SEC) reporting documentation and then to seek a business
combination.  (See Note 5)  Management believes that this plan provides an
opportunity for the Company to continue as a going concern.

     (e)  Recently Enacted Accounting Standards

Statement of Financial Accounting Standards ("SFAS") No. 151, "Inventory Costs
- an amendment of ARB No. 43, Chapter 4", SFAS No. 152, "Accounting for Real
Estate Time-Sharing Transactions   an amendment of FASB Statements No. 66 and
67", SFAS No. 153, "Exchanges of Nonmonetary Assets   an amendment of APB
Opinion No. 29", and SFAS No. 123 (revised 2004), "Share-based Payment", were
recently issued.  These standards have no current applicability to the Company
or their effect on the financial statements would have been insignificant.

     (f)  Risks and Uncertainties

The Company is subject to substantial business risks and uncertainties
inherent in starting a new business. There is no assurance that the Company
will be able to complete a business combination.

     (g)  Revenue Recognition

The Company has had no revenue to date.

     (h)  Cash and Cash Equivalents

The Company considers cash and cash equivalents to consist of cash on hand and
demand deposits in banks with an initial maturity of 90 days or less.

     (i)  Fair Value of Financial Instruments

Financial Accounting Standards Board ("FASB") issued Statement of Financial
Accounting Standards No. 107 ("SFAS 107"), "Disclosures About Fair Value of
Financial Instruments." SFAS 107 requires disclosure of fair value information
about financial instruments when it is practicable to estimate that value. The
carrying amount of the Company's cash, cash equivalents, accounts
payable-related party approximate their estimated fair values due to their
short-term maturities.









                                     F-8



                              MARWICH II, LTD.
                       (A Development Stage Company)

                       NOTES TO FINANCIAL STATEMENTS
                              January 31, 2005

(1)  Summary of Accounting Policies, Continued

     (j)  Income taxes

The Company records deferred taxes in accordance with Statement of Financial
Accounting Standards (SFAS) 109, "Accounting for Income Taxes."  The statement
requires recognition of deferred tax assets and liabilities for temporary
differences between the tax bases of assets and liabilities and the amounts at
which they are carried in the financial statements, the effect of net
operating losses, based upon the enacted tax rates in effect for the year in
which the differences are expected to reverse.  A valuation allowance is
established when necessary to reduce deferred tax assets to the amount
expected to be realized.

     (k)  Development Stage Enterprise

Based upon the Company's business plan, it is a development stage enterprise
since planned principal operations have not yet commenced. Accordingly, the
Company presents its financial statements in conformity with the accounting
principals generally accepted in the United States of America that apply in
establishing operating enterprises. As a development state enterprise, the
Company discloses the deficit accumulated during the development stage and the
cumulative statements of operations and cash flows from commencement of
development stage to the current balance sheet date. The development stage
began October 13, 2004 when the Company was reinstated as a Colorado
corporation.

     (l)  Other

The Company has selected January 31 as its fiscal year end.

The company has paid no dividends.

No advertising expense has been incurred.

The Company consists of one reportable business segment.

The Company has not entered into any leases.

(2)  Income Taxes

The Company has an estimated net operating loss carry forward of approximately
$41,000 at January 31, 2005 to offset future taxable income.  Net operating
losses prior to 2004 had expired or were restricted due to a change in
ownership. The net operating loss carry forward, if not used, will expire in
the year ending January 31, 2025, and may be restricted if there is a change
in ownership.  No deferred income taxes have been recorded because of the
uncertainty of future taxable income to be offset.





                                     F-9



                              MARWICH II, LTD.
                       (A Development Stage Company)

                       NOTES TO FINANCIAL STATEMENTS
                              January 31, 2005

(2)  Income Taxes, Continued

Significant components of the Company's net deferred income tax asset are as
follows:

                                                January 31,   January 31,
                                                   2005          2004
                                                -----------   -----------
Net operating losses carry forward               $  7,500       $   -
Deferred income tax allowance                      (7,500)         (-)
                                                 --------       -----
Net deferred income tax asset                    $   -          $   -
                                                 ========       =====

The reconciliation of income tax (benefit) computed at the federal statutory
rate to income tax expense (benefit) at January 31, 2005 is as follows:

Tax (benefit) at Federal statutory rate                 (15.00)%
State tax (benefit) net of Federal benefit               (3.50)
Valuation allowance                                      18.50
                                                        ------
Tax provision (benefit)                                    -
                                                        ======

(3)  Common Stock Issued

On October 3, 1983, the date of inception, the Company issued 2,200,000 shares
of common stock to two officers of the Company. Prior to January 31, 1984, an
additional 130,537shares of common stock were issued.  During February, 1984,
an additional 1,540 shares of common stock were issued.

On November 30, 2004, the Company issued 2,400,000 (pre reverse split) shares
of its common stock to Pride Equities, Inc. (Pride), representing 50.717% of
its common stock outstanding at November 30, 2004, in exchange for $30,000
cash.  Pride has also agreed to advise the Company as to potential business
combinations.  This transaction resulted in a change in control of the
Company.

As of January 31, 2005, the Company's Articles of Incorporation, as amended,
authorized the issuance of up to 100,000,000 shares of no par value common
stock and up to 1,000,000 shares of $0.01 par value preferred stock. As of
January 31, 2005, there were 946,416 shares of common stock issued and
outstanding and there were no preferred shares issued or outstanding.

(4)     Reverse Split

Effective November 30, 2004, the Company effected a reverse split of its
common stock on a one for five basis.  All references to common stock in the
financial statements have been retroactively given effect for this split.




                                     F-10


                                  PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

OFFICERS AND DIRECTORS

The following table sets forth certain information concerning each of the
Company's directors and executive officers:

NAME                         AGE         POSITION

Michael Schumacher           55          President, Treasurer, Director and
                                         Chief Financial Officer

Peter Porath                 72          Vice-President and Director


George Powell                79          Secretary and Director


Michael Schumacher has been President, Treasurer, Chief Financial Officer and
a Director of the Company since October 2004.  Mr. Schumacher was President
and Chairman of the Board of Prime Rate Income and Dividend Enterprises, Inc.,
a public company, until December 2002.  Mr. Schumacher was a director and
officer of Sun Vacation Properties Corporation (formerly Commonwealth
Equities, Inc.), a public company, from November 2000 until February 2001, and
a director and officer of Vacation Ownership Marketing, Inc., a public
company) from May 2000 until August 2001. Since January 2003, Mr. Schumacher
has been Vice-President and a Director of Federal Mortgage Corporation of
Puerto Rico, an inactive public company. He is also, since June 2003, a
Vice-President and Director of National Superstars, Inc, an inactive pubic
company. Mr. Schumacher is President, Chairman of the Board, and controlling
shareholder of Pride, Inc. and its wholly-owned subsidiaries, including Pride
Equities, Inc.  Pride, Inc. and its subsidiaries are primarily in the real
estate investment business. Mr. Schumacher is President and Treasurer of Birch
Branch, Inc.  Mr. Schumacher is also a Director and President of Schumacher &
Associates, Inc., a certified public accounting firm located in Denver,
Colorado that provides audit services, principally to public companies on a
national basis throughout the U.S.A.  Mr. Schumacher is a Certified Public
Accountant, Certified Management Accountant and an Accredited Financial
Planning Specialist.  Mr. Schumacher has a Bachelor of the Sciences Degree in
Business Administration with a major in accounting from the University of
Nebraska at Kearney and a Masters in Business Administration from the
University of Colorado.

Peter Porath has been Vice-President and a director of the Company since
October 2004.  Since January 2003, Mr. Porath has been President and a
Director of Federal Mortgage Corporation of Puerto Rico, an inactive public
company. He is also, since June 2003, a President and Director of National
Superstars, Inc, an inactive pubic company. Mr. Porath was a director of Sun
Vacation Properties Corporation (formerly Commonwealth Equities, Inc.), a
public company, and was President from November 2000 until February 2001.  Mr.
Porath was a director and president of Vacation Ownership Marketing, Inc., (a
public company) from May 2000 until August 2001.  Mr. Porath was a director
for Plants For Tomorrow, an environmental mitigation concern through the years
from 1989-1991.  From 1990 through 2001, Mr. Porath, semi-retired operated a
retail magic supply store in Fort Lauderdale, Florida, Merlin's Festival of


                                    10


Magic.  From 1978 to 1979, Mr. Porath was executive vice-president and
director of International Resort Properties, Inc., a timesharing company in
Hillsboro Beach, Florida where he was responsible for the development of a
20-unit project.  Prior to 1978, Mr. Porath was Vice President of Investment
Corporation of Florida, a public company on the American Stock Exchange, and
developer of Wellington and Palm Beach Polo, now a city of 40,000 people.
Prior to this, Mr. Porath was President of San Andros, Inc., doing real estate
workouts for the Bank of Virginia; Vice-President of Magnuson Corp., a real
estate developer; Supervisor of Customer Service for General Development
Corp., a New York Stock Exchange Company; and Assistant to the Vice-President
of Moody's Investors Service, Chicago, now a New York Stock Exchange Company.
Mr. Porath attended Syracuse University in the U.S. Air Force Security Service
and holds a Bachelor of the Arts Degree in English from Ripon College and a
Juris Doctor from De Paul University in Chicago.

George A. Powell has been Secretary and a Director of the Company since
October 2004. Mr. Powell has been a director, secretary and vice-president of
PRIDE, Inc. Mr. Powell was previously, until September 22, 1999, a director,
secretary and vice-president of Rocky Mountain Power Co., a public reporting
company. Mr. Powell was previously, until November 12, 2002, a director,
secretary and vice-president of Prime Rate Income & Dividend Enterprises, Inc.
(PIDV). Mr. Powell is currently a director, secretary, and vice-president of
Birch Branch, Inc. Mr. Powell was previously a director and president of
Continental Investors Life, Inc., a public reporting insurance company. Since
Mr. Powell's retirement from the insurance business in 1988, he has been
self-employed as a business consultant.

SIGNIFICANT EMPLOYEES

The Company has no regular employees.  Michael Schumacher, Peter Porath, and
George A. Powell each devote approximately 5% of their time to the Company's
business.

ITEM 10. EXECUTIVE COMPENSATION.

Presently, none of the Company's current officers or directors received any
compensation for their respective services rendered unto the Company, nor have
they received such compensation in the past 14 years.  They all have agreed to
act without compensation until authorized by the Board of Directors, which is
not expected to occur until the Company has generated revenues from operations
after consummation of a merger or acquisition.  The Company currently has no
funds available to pay officers or directors.  Further, none of the officers
or directors are accruing any compensation pursuant to any agreement with the
Company.

It is possible that, after the Company successfully consummates a merger or
acquisition with an unaffiliated entity, that entity may desire to employ or
retain one or a number of members of the Company's management for the purposes
of providing services to the surviving entity, or otherwise provide other
compensation to such persons.  However, the Company has adopted a policy
whereby the offer of any post-transaction remuneration to members of
management will not be a consideration in the Company's decision to undertake
any proposed transaction.  Each member of management has agreed to disclose to
the Company's Board of Directors any discussions concerning possible
compensation to be paid to them by any entity that proposes to undertake a
transaction with the Company and further, to abstain from voting on such
transaction.  Therefore, as a practical matter, if each member of the


                                     11



Company's Board of Directors is offered compensation in any form from any
prospective merger or acquisition candidate, the proposed transaction will not
be approved by the Company's Board of Directors as a result of the inability
of the Board to affirmatively approve such a transaction.

It is possible that persons associated with management may refer a prospective
merger or acquisition candidate to the Company.  In the event the Company
consummates a transaction with any entity referred by associates of
management, it is possible that such an associate will be compensated for
their referral in the form of a finder's fee.  It is anticipated that this fee
will be either in the form of restricted common stock issued by the Company as
part of the terms of the proposed transaction, or will be in the form of cash
consideration.  However, if such compensation is in the form of cash, such
payment will be tendered by the acquisition or merger candidate, because the
Company has insufficient cash available.  The amount of such finder's fee
cannot be determined as of the date of this registration statement, but is
expected to be comparable to consideration normally paid in like transactions.
No member of management of the Company will receive any finder's fee, either
directly or indirectly, as a result of their respective efforts to implement
the Company's business plan outlined herein.

No retirement, pension, profit sharing, stock option or insurance programs or
other similar programs have been adopted by the Company for the benefit of its
employees.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

PRINCIPAL STOCKHOLDERS

The following table sets forth certain information as of November 20, 2004
regarding the beneficial ownership of the Company's Common Stock by (i) each
stockholder known by the Company to be the beneficial owner of more than 5% of
the Company's Common Stock, (ii) by each Director and executive officer of the
Company and (iii) by all executive officer and Directors of the Company as a
group.  Each of the persons named in the table has sole voting and investment
power with respect to Common Stock beneficially owned.

                                       NUMBER OF           PERCENTAGE
                                      SHARES OWNED         OF SHARES
NAME AND ADDRESS                      OR CONTROLLED          OWNED
----------------                      -------------        -----------

Michael Schumacher, beneficially
Through Pride Equities, Inc.             2,400,000           50.717%
Denver, Colorado

George A Powell                              1,000             -0-

All Officers and Directors as a Group    2,401,000           50.717%

Marq J. Warner                             889,500            18.79%

Michael R. Deans                           889,500            18.79%

All Officers, Directors, and more than
5% owners, as a group                    4,180,000            88.33%



                                    12



ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

In October 2004, The Board, appointed three new members and officers, Michael
Schumacher, George A. Powell and Peter Porath, shareholders of the firm.
Pride Equities, Inc. (Pride) and management likewise secured the services of
Pride, a consulting firm, which is expected to assist the company in its
efforts to salvage value for the benefit of its shareholders.  The Company has
opted to become a "blank check" company and to further engage in any lawful
corporate undertaking, including, but not limited to, selected mergers and
acquisitions.  Pride contributed $30,000.00 as paid in capital to the Company
to pay costs of current accounting and filings with the Securities and
Exchange Commission so as to reactivate the Company as a reporting company.
Pride has also agreed to advise the Company as to potential business
combinations.  In consideration for these services and the capital
contribution(s), the Company issued Pride 2,400,000, pre reverse split shares
of its common stock, representing 50.717% of its common stock outstanding as
of  November 30, 2004.

PART IV ITEM 13. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM
8-K.

(a) Financial Statements are contained in Item 7.

(b) Reports on Form 8-K

No reports on Form 8-K have been filed during the last quarter of the period
covered by this report.

(c) Exhibits.

* 3.1 Articles of Incorporation
* 3.2 Bylaws of the Company

* These documents are rendered as previously filed and incorporated by
reference to the Company's previous filings with the Securities and Exchange
Commission.

10.1    Memo of Understanding between         Previously filed
        Pride Equities, Inc. and Marwich      electronically
        II, Ltd.

31.1    Certification of Chief Executive      Filed herewith
        Officer pursuant to Section 302 of    electronically
        the Sarbanes-Oxley Act of 2002

31.2    Certification of Chief Financial      Filed herewith
        Officer pursuant to Section 302 of    electronically
        the Sarbanes-Oxley Act of 2002

32.1    Certification of Chief Executive      Filed herewith
        Officer pursuant to 18 U.S.C.         electronically
        Section 1350

32.2    Certification of Chief Financial      Filed herewith
        Officer pursuant to 18 U.S.C.         electronically
        Section 1350





                                    13



                                 SIGNATURES

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

Marwich II, Ltd.

Date May 4, 2005



By: /s/ Michael Schumacher
    Michael Schumacher
    President, Treasurer, Chief
    Financial Officer



By: /s/ Peter Porath
    Peter Porath
    Vice-President, Chief Executive
    Officer