UNITED STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549




FORM
10-K




(Mark
One)




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




For the
fiscal year ended April 30,
2009




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




For the
transition period from ________________ to________________




Commission
file number 333-151921




KID’S BOOK
WRITER INC.


(Exact
name of registrant as specified in its charter)




Nevada
              75-3268426(State
      or other jurisdiction of incorporation or organization)
              (I.R.S.
      Employer Identification No.)10324
      Wadhurst Road,Edmonton, Alberta, Canada
              T5N 3V1(Address
      of principal executive offices)
              (Zip
      Code)




Registrant’s
telephone number, including area code780-718-6603




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




None
              N/ATitle
      of each class
              Name
      of each exchange on which
registered




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




Common Stock, $0.001 par
value


(Title of
class)




Indicate
by checkmark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.




Yes o    No
x






Indicate
by checkmark if the registrant is not required to file reports pursuant to
Section 13 or 15(d) of the Act.




Yes
o   
No x


1




Indicate
by checkmark whether the registrant has (1) filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 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
o




Indicate by checkmark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein,
and will not 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-K or any amendment to this Form 10-K.   x






Indicate
by checkmark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.




Large
      accelerated filer
                o
                (Do
      not check if a smaller reporting  company)
                Accelerated
      filer
                oNon-accelerated
      filer
                o
                
                Smaller
      reporting company
                x




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




Yes x   
 No o




State the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
last sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant’s most recently completed second fiscal
quarter: $57,500.00 based on a
price of $0.01 per share, being the issue price per share of the last private
placement of our company in March, 2008. The aggregate market value as
determined by the average of bid and ask closing prices is inapplicable due to
the fact that the common shares of our company have not traded to
date.




APPLICABLE
ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY


PROCEEDINGS
DURING THE PAST FIVE YEARS:




Indicate
by check mark whether the registrant has filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act
of 1934 subsequent to the distribution of securities under a plan confirmed by a
court.




Yes o    No
o   
N/A




(APPLICABLE
ONLY TO CORPORATE REGISTRANTS)




Indicate
the number of shares outstanding of each of the registrant’s classes of common
stock, as of the latest practicable date.5,750,000 shares of common stock as
of July 29, 2009.




DOCUMENTS
INCORPORATED BY REFERENCE




List
hereunder the following documents if incorporated by reference and the Part of
the Form 10-K (e.g., Part I, Part II, etc.) into which the document is
incorporated: (1) any annual report to security holders; (2) any proxy or
information statement; and (3) any prospectus filed pursuant to Rule 424(b) or
(c) of the Securities Act of 1933. The listed documents should be clearly
described for identification purposes (e.g., annual report to security holders
for fiscal year ended December 24, 1980). Not Applicable




2




PART
I




Forward
Looking Statements.




This
annual report contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements relate to future events or
our future financial performance. In some cases, you can identify
forward-looking statements by terminology such as “may”, “should”, “expects”,
“plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or
“continue” or the negative of these terms or other comparable terminology. These
statements are only predictions and involve known and unknown risks,
uncertainties and other factors, including the risks in the section entitled
“Risk Factors” and the risks set out below, any of which may cause our or our
industry’s actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements.




Forward
looking statements are made based on management’s beliefs, estimates and
opinions on the date the statements are made and we undertake no obligation to
update forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements. Except as
required by applicable law, including the securities laws of the United States,
we do not intend to update any of the forward-looking statements to conform
these statements to actual results.




Our
financial statements are stated in United States dollars (US$) and are prepared
in accordance with United States Generally Accepted Accounting
Principles.




In this
annual report, unless otherwise specified, all dollar amounts are expressed in
United States dollars and all references to "common stock" refer to the common
shares in our capital stock.




As used
in this annual report, the terms "we", "us", "our", "Kid’s Book", and “Kid’s
Book Writer” mean Kid’s Book Writer Inc.., unless the context clearly requires
otherwise.




ITEM
1.       BUSINESS




General




Kid’s
Book Writer Inc. was created to offer a pure online service designed to offer
kids / children and parents an ability to create their own
book.  Customers can log on to the service, pick a theme (i.e.
birthday, family outing, vacation, special occasion such as Christmas / Easter,
sporting event, summer camp, etc.), and the software will offer several options,
including various book templates, backgrounds, page sizes, the ability to write
your own story or have some guidance, etc.




Each
template will have a basic story that can be edited in several ways – for
example, adding the child’s name as the lead character and other friends and
family member’s names as the other characters.  They will also be able
to access artwork and / or upload their own pictures and make it part of the
storyline.





Once the
book is complete they will have several options for printing, including
downloading the book as a pdf file (or other type) to be printed at home, have
it emailed to a photo print shop such as Future Shop or WalMart (i.e. as one of
their “Memory Books”).  Kid’s Book Writer may also outsource this
service and include it as a profit center for certain types of
books.





Since
inception we have worked toward the introduction of our website that we will use
to generate revenues. The test site has been launched and is available for
viewing at www.kidsbwriter.com.


3




We have
no revenues, have achieved losses since inception, have been issued a going
concern opinion by our auditors and rely upon the sale of our securities to fund
operations. Accordingly, we will be dependent on future additional financing in
order to maintain our operations.




Competition




We
conduct our business in an environment that is highly competitive and
unpredictable. Many of our competitors are national or international companies
with far greater resources, capital and access to information than us.
Accordingly, these competitors may be able to spend greater amounts on the
development of their websites This competition could result in our competitors
having services of greater quality and attracting prospective investors to
finance the development of their services on more favorable terms. As a result
of this competition, we may become involved in an acquisition with more risk or
obtain financing on less favorable terms.




Employees




Currently
our only employee is our sole director and officer. We do not expect any
material changes in the number of employees over the next 12 month period. We
anticipate that we will be conducting most of our business through agreements
with consultants and third parties. Our sole officer does not have an employment
agreement with us.




Subsidiaries




We do not
have any subsidiaries.




Intellectual
Property




We do not
own, either legally or beneficially, any patent or trademark.




ITEM 1A.       RISK
FACTORS




Our
common shares are considered speculative. Prospective investors should consider
carefully the risk factors set out below.




Risks
Related To Our Financial Condition and Business Model




If
we do not obtain additional financing, we will not be able to conduct our
business operations to the extent that we become profitable




Our
current operating funds will cover the initial stages of our business plan;
however, we currently do not have any operations and we have no income. Because
of this and the fact that we will incur significant legal and accounting costs
necessary to maintain a public corporation, we will require additional financing
to complete our development activities. We currently do not have any
arrangements for financing and we may not be able to obtain financing when
required.  We believe the only source of funds that would be realistic
is through a loan from our president and the sale of equity
capital.




4




Our Independent Auditor has indicated
that he has substantial doubt about our ability to continue as a going concern,
if true, you could lose your investment




John Kinross-Kennedy,
C.P.A., our independent auditor, has expressed substantial doubt about our
ability to continue as a going concern given our lack of operating
history and the fact to date have had no revenues. Potential investors should be
aware that there are difficulties associated with being a new venture, and the
high rate of failure associated with this fact.  We have incurred a
net loss of $42,578 for the period from October 24, 2007 (inception) to April
30, 2009 and have had no revenues to date. Our future is dependent upon our
ability to obtain financing and upon future profitable operations from our
website. These factors raise substantial doubt that we will be able to continue
as a going concern.




Because
we anticipate our operating expenses will increase prior to our earning
revenues, we may never achieve profitability




Prior to
completion of our development stage, we anticipate that we will incur increased
operating expenses without realizing any revenues. We therefore expect to incur
significant losses into the foreseeable future. We recognize that if we are
unable to generate significant revenues from our business development, we will
not be able to earn profits or continue operations. There is no history upon
which to base any assumption as to the likelihood that we will prove successful,
and we may not be able to generate any revenues or ever achieve profitability.
If we are unsuccessful in addressing these risks, our business will most likely
fail.




Because
our president has only agreed to provide his services on a part-time basis, he
may not be able or willing to devote a sufficient amount of time to our business
operations, causing our business to fail




Because
we are in the development stage of our business, Mr. Phillet will not be
spending a significant amount of time on our business. Mr. Phillet expects to
expend approximately 20 hours per week on our business. Competing demands on Mr.
Phillet's time may lead to a divergence between his interests and the interests
of other shareholders. Mr. Phillet is in public practice as a Chartered
Accountant and also owns and manages a number of privately-owned businesses by
which he divides his time. None of the work he will be undertaking for these
companies will directly compete with Kid’s Book Writer Inc.




Because
our president owns approximately 54% of our outstanding common stock, investors
may find that corporate decisions influenced by Mr. Phillet are inconsistent
with the best interests of other stockholders




Mr.
Phillet is our president and sole director. He owns approximately 54% of the
outstanding shares of our common stock as of the date of this prospectus.
Accordingly, he will have a significant influence in determining the outcome of
all corporate transactions or other matters, including mergers, consolidations
and the sale of all or substantially all of our assets, and also the power to
prevent or cause a change in control. While we have no current plans with regard
to any merger, consolidation or sale of substantially all of its assets, the
interests of Mr. Phillet may still differ from the interests of other
stockholders. Mr. Phillet owns 3,100,000 common shares for which he paid $0.005
per share.




Because
our President and sole director is a Canadian Resident, difficulty may arise in
attempting to effect service or process on him in Canada




Because
Mr. Phillet our sole director and officer, is a Canadian resident, difficulty
may arise in attempting to effect service or process on him in Canada or in
enforcing a judgment against Kid’s Book Writer Inc.’s assets located outside of
the United States.


5




The success of our business depends
on the continued use and growth of the Internet as a commerce
platform




The existence and growth
of our service depends on the continued acceptance of the Internet as a commerce
platform for individuals and enterprises. The internet could possibly
lose its viability as a tool to pay for online services by the adoption of new
standards and protocols to handle increased demands of Internet activity,
security, reliability, cost, ease-of-use, accessibility and quality of
service.  The acceptance and performance of the Internet has been
harmed by “viruses,” “worms,” and “spy-ware”.  If for some reason the
Internet was no longer widely accepted as a tool to pay for online services, the
demand for our service would be significantly reduced, which would harm or cause
our business to fail.




Because
we will rely on a third-party for hosting and maintenance of our website,
mismanagement or service interruptions could significantly harm our
business




Our
website will be hosted and maintained by a third party hosting
service.  Any mismanagement, service interruptions, or damage to the
data of our company or our customers, could result in the loss of customers, or
other harm to our business.




Because
we face competition our business may fail




Some of
our competitors have long operating histories, greater financial, technical, and
marketing resources.  Because we face competition from other companies
offering similar services, the current and possible increase in competition may
result in price reductions, reduced gross margins, and could have a material
adverse effect on our business, financial condition, and results of
operations.




Evolving
regulation of the Internet may adversely affect us




As
Internet commerce continues to evolve there may be increased regulation by
federal, state and/or foreign agencies.  Any new regulations which
restrict our business could harm or cause our business to fail.




Because
our stock is a penny stock, shareholders will be more limited in their ability
to sell their stock




The
shares offered by this prospectus constitute a penny stock under the Securities
and Exchange Act. The shares will remain classified as a penny stock for the
foreseeable future. Penny stocks generally are equity securities with a price of
less than $5.00.  Broker/dealer practices in connection with
transactions in “penny stocks” are regulated by certain penny stock rules
adopted by the Securities and Exchange Commission.  The penny stock
rules require a broker/dealer, prior to a transaction in a penny stock not
otherwise exempt from the rules, to deliver a standardized risk disclosure
document prepared by the Securities and Exchange Commission that provides
information about penny stocks and the nature and level of risks in the penny
stock market.  The broker/dealer must provide the customer with bid
and offer quotations for the penny stock, the compensation of the broker/dealer,
and its salesperson in the transaction, 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 such rules: the
broker/dealer must make a special written determination that a penny stock is a
suitable investment for the purchaser and receive the purchaser’s written
agreement to the transaction.  These disclosure requirements may have
the effect of price fluctuations in the price of the stock and may reduce the
level of trading activity in any secondary market for a stock that becomes
subject to the penny stock rules, and accordingly, investors in this offering
may find it difficult to sell their securities, if at all.




ITEM
2.       PROPERTIES.




Executive
Offices




Our
executive offices are located at 10324 Wadhurst Road, Edmonton, Alberta, T5N
3V1, Canada. Mr. Phillet, our sole director and officer, currently provides this
space to us free of charge. This space may not be available to us free of charge
in the future. We do not own any real property.




6




ITEM
3.       LEGAL PROCEEDINGS.




We know
of no material, active or pending legal proceedings against our company, nor are
we involved as a plaintiff in any material proceeding or pending litigation.
There are no proceedings in which any of our directors, officers or affiliates,
or any registered or beneficial shareholder, is an adverse party or has a
material interest adverse to our interest.




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




None.




PART II




ITEM
5.       MARKET FOR REGISTRANT’S COMMON EQUITY,
RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES.




Market
for Securities




Our
common shares are quoted on the Over-The-Counter Bulletin Board under the
trading symbol “KBKW.OB”. Our shares have been quoted on the Over-The-Counter
Bulletin Board since September 2, 2008. There have been no trades in our shares
of common stock since September 2, 2008.




Our
transfer agent is Island Stock Transfer, of 100 2nd Avenue, S, Suite 104N, St.
Petersburg, FL 33701; telephone number 727.289.0010; facsimile:
727.289.0069.




Holders
of our Common Stock




As of
July 29, 2009, there were 35 registered stockholders holding 5,750,000 shares of
our issued and outstanding common stock.




Dividend
Policy




There are
no restrictions in our articles of incorporation or bylaws that prevent us from
declaring dividends. The Nevada Revised Statutes, however, do prohibit us from
declaring dividends where, after giving effect to the distribution of the
dividend:




1.
            We
      would not be able to pay our debts as they become due in the usual course
      of business; or2.
            Our
      total assets would be less than the sum of our total liabilities plus the
      amount that would be needed to satisfy the rights of shareholders who have
      preferential rights superior to those receiving the
      distribution.




We have
not declared any dividends and we do not plan to declare any dividends in the
foreseeable future.




Recent
Sales of Unregistered Securities




We have
not sold any equity securities that were not registered under the Securities Act
during the fiscal year ended April 30, 2009.




7




Purchases
of Equity Securities by the Issuer and Affiliated Purchasers




We did
not purchase any of our shares of common stock or other securities during our
fiscal year ended April 30, 2009.




Securities Authorized for Issuance
Under Equity Compensation Plans




We do not
have any equity compensation plans.




ITEM
6.       SELECTED FINANCIAL DATA.




Not
Applicable.




ITEM 7.       MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION




The
following discussion should be read in conjunction with our audited financial
statements and the related notes that appear elsewhere in this annual report.
The following discussion contains forward-looking statements that reflect our
plans, estimates and beliefs. Our actual results could differ materially from
those discussed in the forward looking statements. Factors that could cause or
contribute to such differences include those discussed below and elsewhere in
this annual report.




Our
audited consolidated financial statements are stated in United States dollars
and are prepared in accordance with United States generally accepted accounting
principles.




Plan
of Operation




The
intent of Management is to create a unique, simple, effective, value-based
system that has instant appeal to users.  It will not only be an
invaluable learning tool, it will represent a fun way for children to put their
pictures and written content into an end product that will make family proud and
friends want to do the same.  This will all be available at very low
cost.  It will be a totally online, automated system with no need for
a large staff.




Creating
the Website




The
process of creating the Kids Book Writer website is expected to be as
follows:




w
            Working
      with its web designer, decide on the various graphics, layout options, and
      content on the home page and other
pages.


w
            Conduct
      additional research on printing options and secure relationships or
      incorporate links / options on the website.  As one example,
      links to WalMart’s online “Memory Book”
service.


w
            Assemble
      the considerable amount of content that must be available on the
      site.


w
            Incorporate
      ecommerce ability on the website.


w
            Create
      an effective “search” strategy.


w
            Test
      market the site with children of various
ages.


w
            Launch
      the site.




This
process is expected to have a budget of approximately $30,000 and take 9 to 12
months. The company has launched its test website at www.kidsbwriter.com.




Following
this initial phase, ongoing efforts are expected to be geared to the following
activities:





8




w
              Monitoring
      results and making changes / adjustments as appropriate.w
              Continuing
      to institute marketing
enhancements.


w
            Where
      appropriate and advisable, bring additional, closely related products to
      the website.


w
            Creating
      of additional websites, written in foreign
  languages.




The
President of Kids Book Writer, M. Frank Phillet, will spearhead this
effort.  Due to the nature of the costs involved and the fact that M.
Frank Phillet will not be receiving a salary at this time, expenses related to
this ongoing effort are expected to be less than $10,000. The company also
expects to be generating revenue from the website at this time.




If Kids
Book Writer experiences a considerable degree of financial success, additional
marketing and other expenses may be incurred to further broaden the reach of the
business, which may involve hiring one or more additional staff to handle
increased demands, site monitoring, and customer support.  There may
be additional demands placed on the company for website development and the need
to broaden the management team.  Depending on availability of funds
and the opportunities available to the Company, Kids Book Writer may also hire
additional marketing personnel to access additional sales and distribution
channels.




We have
not attained profitable operations and are dependent upon obtaining financing to
pursue any extensive business activities. For these reasons our auditors stated
in their report on our audited financial statements that they have substantial
doubt we will be able to continue as a going concern.




We did
not earn any revenues from inception through April 30, 2009.  We do
not anticipate earning revenues until such time as our website is fully
operational. We are presently in the development stage of our business and we
can provide no assurance that we will generate any revenue or attain
profitability.




We
incurred operating expenses in the amount of $42,578 from inception on October
24, 2007 through April 30, 2009.  These operating expenses were
composed of professional fees, and other administrative expenses.




Results of
Operations




The
following summary of our results of operations should be read in conjunction
with our audited financial statements for the year ended April 30, 2009 which
are included herein.




Our
operating results for the year ended April 30, 2009 and for the period from
October 24, 2007 (Inception through April 30, 2008 are summarized as
follows:




For
      the period fromYear
      Ended
                                
                                
                                October
      24, 2007 throughApril
      30,
                                
                                
                                April
      30,2009
                                
                                
                                2008Revenue
                                
                                $
                                -
                                
                                
                                $
                                -Operating
      Expenses
                                
                                $
                                40,029
                                
                                
                                
                                2,549Net
      Loss
                                
                                $
                                40,029
                                
                                
                                $
                                2,549




Revenues




We have
not earned any revenues to date, and do not anticipate earning revenues until
such time as our website has become fully operational.




9




Expenses




Our
expenses for the year ended April 30, 2009 and for the period from October 24,
2007 through April 30, 2008 are outlined in the table below:




For
      the period fromYear
      Ended
                                                
                                                
                                                October
      24, 2007 throughApril
      30,
                                                
                                                
                                                April
      30,2009
                                                
                                                
                                                2008Advertising
      & Promotion
                                                
                                                $
                                                7,950
                                                
                                                
                                                $
                                                -Consulting
      Expenses
                                                
                                                
                                                7,998
                                                
                                                
                                                
                                                2,500Professional
      Fees
                                                
                                                
                                                4,391
                                                
                                                
                                                
                                                -Stock
      Transfer Fees
                                                
                                                
                                                17,937
                                                
                                                
                                                
                                                -Other
      General and Administrative
                                                
                                                
                                                1,753
                                                
                                                
                                                
                                                49Total
      Expenses
                                                
                                                $
                                                40,029
                                                
                                                
                                                $
                                                2,549




General and
Administrative




The
increase in our expenses for the year ended April 30, 2009 compared to the
period from October 24, 2007 through April 30, 2008 was primarily due to the
costs associated with the filing of our registration statement and development
costs.




Professional
Fees




Professional
fees include our accounting and auditing expenses incurred in connection with
the preparation and audit of our financial statements and professional fees that
we pay to our legal counsel. Our accounting and auditing expenses were incurred
in connection with the preparation of our audited financial statements and
unaudited interim financial statements and our preparation and filing of a
registration statement with the SEC. Our legal expenses represent amounts paid
to legal counsel in connection with our corporate organization.




Going
Concern




The
financial statements accompanying this report have been prepared on a going
concern basis, which implies that our company will continue to realize its
assets and discharge its liabilities and commitments in the normal course of
business. Our company has not generated revenues since inception and has never
paid any dividends and is unlikely to pay dividends or generate earnings in the
immediate or foreseeable future. The continuation of our company as a going
concern is dependent upon the continued financial support from our shareholders,
the ability of our company to obtain necessary equity financing to achieve our
operating objectives, and the attainment of profitable operations. As at April
30, 2009, our company has accumulated losses of $42,578 since inception. We do
not have sufficient working capital to enable us to carry out our stated plan of
operation for the next twelve months. These financial statements do not include
any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary
should our company be unable to continue as a going concern.




Due to
the uncertainty of our ability to meet our current operating expenses and the
capital expenses noted above in their report on the financial statements for the
year ended April 30, 2009, our independent auditors included an explanatory
paragraph regarding concerns about our ability to continue as a going concern.
Our financial statements contain additional note disclosures describing the
circumstances that lead to this disclosure by our independent
auditors.




10




The
continuation of our business is dependent upon us raising additional financial
support. The issuance of additional equity securities by us could result in a
significant dilution in the equity interests of our current stockholders.
Obtaining commercial loans, assuming those loans would be available, will
increase our liabilities and future cash commitments.




Future
Financings




We
anticipate continuing to rely on equity sales of our common shares in order to
continue to fund our business operations. Issuances of additional shares will
result in dilution to our existing stockholders. There is no assurance that we
will achieve any additional sales of our equity securities or arrange for debt
or other financing to fund our planned activities. Mr. Phillet has
agreed  to provide loans to a minimal amount to carry on our legal,
accounting and reporting needs.




Off-Balance Sheet
Arrangements




We have
no significant 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 are material to
stockholders.




Application
of Critical Accounting Estimates




The
financial statements of our company have been prepared in accordance with
generally accepted accounting principles in the United States. Because a precise
determination of many assets and liabilities is dependent upon future events,
the preparation of financial statements for a period necessarily involves the
use of estimates which have been made using careful judgment.




The
financial statements have been prepared within the framework of the significant
accounting policies summarized below:




Recent
Accounting Pronouncements




In May
2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted
Accounting Principles,”orSFAS 162. SFAS 162 is intended to improve financial reporting by
identifying a consistent framework, or hierarchy, for selecting accounting
principles to be used in preparing financial statements that are presented in
conformity with U.S. GAAP for nongovernmental entities. SFAS 162 is effective 60
days following the Securities and Exchange Commission’s approval of the Public
Company Accounting Oversight Board’s amendments to AU Section 411, “The Meaning of Present Fairly in
Conformity with Generally Accepted Accounting Principles”. Our company is
currently evaluating the impact of adopting SFAS 162 but does not expect that it
will have a significant effect on its financial position, cash flows or results
of operations.




In May
2008, the FASB issued SFAS No. 163, “Accounting for Financial Guarantee
Insurance Contracts – An interpretation of FASB Statement No. 60,” or
SFAS 163. SFAS 163 requires that an insurance enterprise recognize a claim
liability prior to an event of default when there is evidence that credit
deterioration has occurred in an insured financial obligation. It also clarifies
how Statement 60 applies to financial guarantee insurance contracts, including
the recognition and measurement to be used to account for premium revenue and
claim liabilities, and requires expanded disclosures about financial guarantee
insurance contracts. SFAS 163 is effective for financial statements issued for
fiscal years beginning after December 15, 2008, except for some disclosures
about the insurance enterprise’s risk-management activities. SFAS 163 requires
that disclosures about the risk-management activities of the insurance
enterprise be effective for the first period beginning after issuance. Our
company is currently evaluating the impact of adopting SFAS 163 but does not
expect that it will have a significant effect on its financial position, cash
flows or results of operations.




11




In
December 2007, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 141R, "Business Combinations" (“FAS 141R”)
which replaces FAS No. 141 and establishes principles and requirements for how
the acquirer of a business recognizes and measures in its financial statements
the identifiable assets acquired, the liabilities assumed, and any
non-controlling interest in the acquiree. FAS 141R also provides guidance for
recognizing and measuring the goodwill acquired in the business combination and
determines what information to disclose to enable users of the financial
statements to evaluate the nature and financial effects of the business
combination. This Statement applies prospectively to business combinations for
which the acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008. Early adoption of FAS
141R is prohibited. Our company will assess the impact of FAS 141R in the event
it enters into a business combination for which the expected acquisition date is
subsequent to the required effective date.




In
December 2007, the FASB issued FAS 160, which is effective for fiscal years
beginning after December 15, 2008. Under FAS 160, the non-controlling interest
will be measured at 100% of the fair value of assets acquired and liabilities
assumed. Under current standards, the non-controlling interest is measured at
book value. For presentation and disclosure purposes, non-controlling interests
will be classified as a separate component of shareholders’ equity. In addition,
FAS 160 will change the manner in which increases/decreases in ownership
percentages are accounted for. Changes in ownership percentages will be recorded
as equity transactions and no gain or loss will be recognized as long as the
parent retains control of the subsidiary. When a parent company deconsolidates a
subsidiary but retains a non-controlling interest, the non-controlling interest
is re-measured at fair value on the date control is lost and a gain or loss is
recognized at that time. Finally, under FAS 160, accumulated losses attributable
to the non-controlling interests are no longer limited to the original carrying
amount, and therefore non-controlling interests could have a negative carrying
balance. The provisions of FAS 160 are to be applied prospectively with the
exception of the presentation and disclosure provisions, which are to be applied
for all prior periods presented in the financial statements. Early adoption is
not permitted. Our company has reviewed the standards of FAS 160 and has
concluded that it will not have any effect on its financial
statements.




In February 2007, the FASB issued No. 159, “The Fair Value Option
for Financial Assets and Financial Liabilities” (SFAS No. 159). SFAS No. 159
permits Companies to choose to measure certain financial instruments and certain
other items at fair value. The standard requires that unrealized gains and
losses on items for which the fair value option has been elected be reported in
earnings. SFAS No. 159 is effective for our company beginning in the first
quarter of fiscal year 2008, although earlier adoption is permitted. Our company
is currently evaluating the impact that SFAS No. 159 will have on its financial
statements.




In
September 2006, FASB issued SFAS No. 157, “Fair Value Measures”. This Statement
defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles (GAAP), expands disclosures about fair
value measurements, and applies under other accounting pronouncements that
require or permit fair value measurements. SFAS No. 157 does not require any new
fair value measurements. However, the FASB anticipates that for some entities,
the application of SFAS No. 157 will change current practice. SFAS No. 157 is
effective for financial statements issued for fiscal years beginning after
November 15, 2007, which for our company would be the fiscal year beginning
September 1, 2008. Our company is currently evaluating the impact of adopting
SFAS No. 157 but does not expect that it will have a significant effect on its
financial position or results of operations.






12




ITEM
8.       FINANCIAL STATEMENTS AND SUPPLEMENTARY
DATA.
















KID’S
BOOK WRITER INC.


(A
Development Stage Company)








FINANCIAL
STATEMENTS








April
30, 2009 AND 2008


(Stated
in U.S. Dollars)









































13


REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





To:  The
Board of Directors and Shareholders


Kids Book
Writer Inc.


Reno,
Nevada





I have
audited the accompanying balance sheet of Kids Book Writer Inc. as of April 30,
2009 and 2008 and the related statements of operations, stockholders’
deficiency/equity and cash flows for the year and period then ended. These
financial statements are the responsibility of the Company’s
management.  My responsibility is to express an opinion on these
financial statements based on my audit.





I
conducted my audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States).  Those standards require
that I 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.  I believe that my audit provides a reasonable basis for
my opinion.





The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern.  As discussed in Note 2 to the
financial statements, the Company has suffered losses and has not yet commenced
operations.  This raises substantive doubt about the Company’s ability
to continue as a going concern.  Management’s plans in regard to these
matters are also described in Note 2.  The financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.





In my
opinion, based on my audit, the financial statements referred to above present
fairly, in all material respects, the financial position of Kids Book Writer
Inc. as of April 30, 2009 and 2008 and the results of its operations, its
stockholders’ deficiency/equity and its cash flows for the year and period then
ended, in conformity with United States generally accepted accounting
principles.





The
Company has determined that it is not required to have, nor was I engaged to
perform, an audit of the effectiveness of its documented internal controls over
financial reporting.





/s/





John
Kinross-Kennedy


Certified
Public Accountant


Irvine,
California


July 25,
2009











14


KID'S
      BOOK WRITER INC.(A
      Development Stage Company)Balance
      Sheetas
      at April 30,2009
                                                                                  
                                                                                  
                                                                                  2008ASSETSCurrent
      AssetsCash
      and Cash Equivalents
                                                                                  
                                                                                  $
                                                                                  68
                                                                                  
                                                                                  
                                                                                  $
                                                                                  40,097$
                                                                                  68
                                                                                  
                                                                                  
                                                                                  $
                                                                                  40,097LIABILITIES
      & STOCKHOLDERS' EQUITYCurrent
      LiabilitiesOfficer
      Loan
                                                                                  
                                                                                  $
                                                                                  500
                                                                                  
                                                                                  
                                                                                  $
                                                                                  500Total Current
      Liabilities
                                                                                  
                                                                                  
                                                                                  500
                                                                                  
                                                                                  
                                                                                  
                                                                                  500Commitments
      and contingencies (Note 4)Stockholders'
      EquityCommon
      Stock, $0.001 par value, 75,000,000 shares authorized,5,750,000 shares
      issued and outstanding at April 30, 2009,5,750,000
      shares issued and outstanding at April 30, 2008
                                                                                  
                                                                                  
                                                                                  5,750
                                                                                  
                                                                                  
                                                                                  
                                                                                  5,750Additional
      paid-in capital
                                                                                  
                                                                                  
                                                                                  36,396
                                                                                  
                                                                                  
                                                                                  
                                                                                  36,396Deficit
      accumulated in the development stage
                                                                                  
                                                                                  
                                                                                  (42,578
                                                                                  )
                                                                                  
                                                                                  
                                                                                  (2,549
                                                                                  )Total
      Stockholders' Equity (Deficiency)
                                                                                  
                                                                                  
                                                                                  (432
                                                                                  )
                                                                                  
                                                                                  
                                                                                  39,597$
                                                                                  68
                                                                                  
                                                                                  
                                                                                  $
                                                                                  40,097









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




15




KID'S
      BOOK WRITER INC.(A
      Development Stage Company)Statements
      of OperationsFor
      the periodFor
      the period
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        of
      Inception,For
      the year
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        from
      Oct. 24,
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        from
      Oct. 24,For
      the three months ended
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        ended
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        2007
      through
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        2007
      throughApril
      30,
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        April
      30,
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        April
      30,2009
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        2008
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        2009
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        2008
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        2009Revenues
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        -Costs
      and ExpensesAdvertising
      & Promotion
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        7,950
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        7,950
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        7,950Consulting
      Expense
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        1,380
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        7,998
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        2,500
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        10,498Professional
      Fees
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        550
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        4,391
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        4,391Stock
      Transfer Fees
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        800
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        17,937
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        -
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        17,937Other
      General & Administrative
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        168
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        9
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        1,753
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        49
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        1,802Total
      Expenses
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        10,848
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        9
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        40,029
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        2,549
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        42,578Operating
      Loss
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        (10,848
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        (9
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        (40,029
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        (2,549
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        (42,578
                                                                                                                                                        )Net
      Income (Loss)
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (10,848
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (9
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (40,029
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (2,549
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (42,578
                                                                                                                                                        )Basic
      and Dilutive net loss per share
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (0.002
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (0.000
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (0.007
                                                                                                                                                        )
                                                                                                                                                        
                                                                                                                                                        $
                                                                                                                                                        (0.000
                                                                                                                                                        )Weighted
      average number of shares
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        5,750,000
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        5,491,111
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        5,750,000
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        3,425,926


















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


16




KID'S
      BOOK WRITER INC.(A
      Development Stage Company)Statements
      of Cash FlowsFor
      the periodFor
      the period
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            of
      Inception,For
      the
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            For
      the year
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            from
      Oct. 24,
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            from
      Oct. 24,three
      months ended
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            ended
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            2007
      through
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            2007
      throughApril
      30,
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            April
      30
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            April
      30,2009
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            2008
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            2009
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            2008
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            2009Cash
      Flows From Operating ActivitiesNet
      Income (Loss)
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (10,848
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            (8
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (40,029
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            (2,549
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            (42,578
                                                                                                                                                                            )Net
      Cash (used by)Operating Activities
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (10,848
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (8
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (40,029
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (2,549
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (42,578
                                                                                                                                                                            )Cash
      Flows From Investing Activities-
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -Net
      Cash (used by)Investing Activities
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -Cash
      Flows From Financing ActivitiesProceeds
      from sale of Common Stock
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            15,500
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            42,000
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            42,000Proceeds
      of officer loan
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            500
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            500Other
      contributed capital
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            146
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            146
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            146Net
      Cash provided byFinancing Activities
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            15,646
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            42,646
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            42,646Net increase in
      Cash
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (10,848
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            15,638
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            (40,029
                                                                                                                                                                            )
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            40,097
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            68Cash at beginning of
      period
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            10,916
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            24,459
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            40,097
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            -Cash at end of
      period
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            68
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            40,097
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            68
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            40,097
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            68Cash paid for:Interest
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -Income
      Taxes
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -
                                                                                                                                                                            
                                                                                                                                                                            
                                                                                                                                                                            $
                                                                                                                                                                            -










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


17




KID'S
      BOOK WRITER, INC.(A
      Development Stage Company)Statement
      of Stockholders' DeficiencyAccumulatedAdditional
                                                                                                                          
                                                                                                                          
                                                                                                                          Deficit
      DuringCommon Stock
                                                                                                                          
                                                                                                                          
                                                                                                                          Paid-in
                                                                                                                          
                                                                                                                          
                                                                                                                          DevelopmentShares
                                                                                                                          
                                                                                                                          
                                                                                                                          Amount
                                                                                                                          
                                                                                                                          
                                                                                                                          Capital
                                                                                                                          
                                                                                                                          
                                                                                                                          Stage
                                                                                                                          
                                                                                                                          
                                                                                                                          TotalBalances
      at October 24, 2007: Inception
                                                                                                                          
                                                                                                                          
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -Capital
      contributed by Director
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          146
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          146Common
      stock issued for cash inDecember,
      2008 at $0.005 per share
                                                                                                                          
                                                                                                                          
                                                                                                                          3,100,000
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          3,100
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          12,400
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          15,500Common
      stock issued for cash inJanuary,
      2008 at $0.01 per share
                                                                                                                          
                                                                                                                          
                                                                                                                          1,400,000
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          1,400
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          12,600
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          14,000Common
      stock issued for cash inFebruary,
      2008 at $0.01 per share
                                                                                                                          
                                                                                                                          
                                                                                                                          1,050,000
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          1,050
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          9,450
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          10,500Common
      stock issued for cash inMarch,
      2008 at $0.01 per share
                                                                                                                          
                                                                                                                          
                                                                                                                          200,000
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          200
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          1,800
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          2,000Net
      loss, period ended April 30, 2008
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          (2,549
                                                                                                                          )
                                                                                                                          
                                                                                                                          
                                                                                                                          (2,549
                                                                                                                          )Balances
      at April 30, 2008
                                                                                                                          
                                                                                                                          
                                                                                                                          5,750,000
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          5,750
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          36,396
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          (2,549
                                                                                                                          )
                                                                                                                          
                                                                                                                          
                                                                                                                          39,597Net
      loss for the year ended April 30, 2009
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          (40,029
                                                                                                                          )
                                                                                                                          
                                                                                                                          
                                                                                                                          (40,029
                                                                                                                          )Balances
      at April 30, 2009
                                                                                                                          
                                                                                                                          
                                                                                                                          5,750,000
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          5,750
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          36,396
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          (42,578
                                                                                                                          )
                                                                                                                          
                                                                                                                          $
                                                                                                                          (432
                                                                                                                          )




































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




18





KID’S
BOOK WRITER INC.


(A
Development Stage Company)





NOTES
TO FINANCIAL STATEMENTS





For the
Year Ended April 30, 2009








NOTE 1 -
BUSINESS AND CONTINUED OPERATIONS




Kid’s
Book Writer Inc. was organized under the laws of the State of Nevada on October
24, 2007. The Company was formed for the purpose of engaging in all lawful
businesses. The Company’s authorized capital consisted of 75,000,000 shares of
$0.001 par value common voting stock.




The
financial statements presented include all adjustments which are, in the opinion
of management, necessary to present fairly the financial position, results of
operations and cash flows for the period presented in accordance with the
accounting principles generally accepted in the United States of America. All
adjustments are of a normal recurring nature.





Current
Business of the Company




The
Company had no material business operations from inception October 24, 2007 to
October 31, 2008.  The company then formed plans to offer a website
resource for self-publishing books on family occasions.





NOTE 2 -
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES





Cash and
equivalents





Cash and
equivalents include investments with initial maturities of three months or
less.





Fair Value of Financial
Instruments




The
Financial Accounting Standards Board issued Statement of Financial Accounting
Standards (“SFAS”) No. 107, “Disclosures About Fair Value of Financial
Instruments.”  SFAS No. 107 requires disclosure of fair value information
about financial instruments when it is practicable to estimate that value. 
The carrying amounts of the Company’s financial instruments as of April 30, 2009
approximate their respective fair values because of the short-term nature of
these instruments.  Such instruments consist of cash, accounts payable and
accrued expenses.  The fair value of related party payables is not
determinable.





Income
Taxes





The
Company utilizes SFAS No. 109, “Accounting for Income Taxes,” which requires the
recognition of deferred tax assets and liabilities for the expected future tax
consequences of events that have been included in the financial statements or
tax returns.  Under this method, deferred tax assets and liabilities
are determined based on the difference between the tax basis of assets and
liabilities and their financial reporting amounts based on enacted tax laws and
statutory tax rates applicable to the periods in which the differences are
expected to affect taxable income.  Valuation allowances are
established, when necessary, to reduce deferred tax assets to the amount
expected to be


19


realized. The Company
generated deferred tax credits through net operating loss
carryforwards.  However, a valuation allowance of 100% has been
established, as the realization of the deferred tax credits is not reasonably
certain, based on going concern considerations outlined below.





Going
Concern





The
Company’s financial statements are prepared using accounting principles
generally accepted in the United States of America applicable to a going
concern, which contemplates the realization of assets and liquidation of
liabilities in the normal course of business.  The Company had an
operating loss of $40,029 in the year ended April 30, 2009.   The
company has a shareholders’ deficiency of $432.  The Company has not
yet established an ongoing source of revenues sufficient to cover its operating
costs and to allow it to continue as a going concern.  The ability of
the Company to continue as a going concern is dependent on the Company obtaining
adequate capital to fund operating losses until it becomes
profitable.  If the Company is unable to obtain adequate capital, it
could be forced to cease development of operations.





In order
to continue as a going concern, develop a reliable source of revenues, and
achieve a profitable level of operations the Company will need, among other
things, additional capital resources.  Management’s plans to continue
as a going concern include raising additional capital through sales of common
stock.  In the interim, shareholders of the Company are committed to
meeting its minimal operating expenses.  However, management cannot
provide any assurances that the Company will be successful in accomplishing any
of its plans.




The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plans described in the preceding
paragraph and eventually secure other sources of financing and attain profitable
operations.  The accompanying financial statements do not include any
adjustments that might be necessary if the Company is unable to continue as a
going concern.





Development-Stage
Company





The
Company is considered a development-stage company, having no operating revenues
during the period presented, as defined by Statement of Financial Accounting
Standards (“SFAS”) No. 7.  SFAS No. 7 requires companies to report
their operations, shareholders deficit and cash flows since inception through
the date that revenues are generated from management’s intended operations,
among other things.  Management has defined inception as October 24,
2007.  Since inception, the Company has incurred an operating loss of
$42,578, much of which related to consultants, as a means to generate working
capital.  The Company’s working capital has been generated through the
sales of common stock.  Management has provided financial data since
October 24, 2007 “Inception” in the financial statements, as a means to provide
readers of the Company’s financial information to make informed investment
decisions.





Use of
Estimates





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







20




Earnings
(Loss) Per Share




Statement of Financial
Accounting Standards No. 128 “Earnings Per Share” requires presentation
of basic earnings per share and diluted earnings per share.  Basic
income (loss) per share (“Basic EPS”) is computed by dividing net loss available
to common stockholders by the weighted average number of common shares
outstanding during the period.  Diluted earnings per share (“Diluted
EPS”) is similarly calculated using the treasury stock method except that the
denominator is increased to reflect the potential dilution that would occur if
dilutive securities at the end of the applicable period were exercised. There
were no potential dilutive securities as at April 30, 2009.




The
following is a reconciliation of the numerators and denominators of the basic
and diluted earnings per share computations for the year and period ended April
30, 2009 and 2008.





Numerator:Basic
      and diluted net loss per share:
                      
                      2009
                      
                      
                      2008Net
      Income (Loss)
                      
                      $
                      (40,029
                      )
                      
                      $
                      (2,549
                      )DenominatorBasic
      and diluted weighted average number of shares outstanding
                      
                      
                      5,750,000
                      
                      
                      
                      3,425,926Basic and Diluted Net Loss Per
      Share
                      
                      $
                      0.007
                      
                      
                      $
                      0.000





NOTE 3 –
RELATED PARTY TRANSACTIONS





On
December 13, 2007 the President and C.E.O., Michael Frank Phillet, purchased
3,100,000 shares of common stock of the Company at $0.005 per
share.




NOTE 4 -
COMMITMENTS AND CONTINGENCIES





There
were no commitments or contingencies in the year ended April 30,
2009.




NOTE 5 –
CAPITAL STOCK TRANSACTIONS





On
December 13, 2007,  3,100,000 shares were issued for cash at $0.005
per share.





In  January,
2008,  1,400,000 shares were issued for cash at $0.01 per
share.





In  February,
2008,  1,050,000 shares were issued for cash at $0.01 per
share.





In March,
2008,  200,000 shares were issued for cash at $0.01 per
share.


21


At April
30, 2009 the Company had authorized 75,000,000 common shares, of which the
total  issued and outstanding was 5,750,000.




NOTE 6 –
LITIGATION




There
were no legal proceedings against the Company with respect to matters arising in
the ordinary course of business. Neither the Company nor any of its officers or
directors is involved in any other litigation either as plaintiffs or
defendants, and have no knowledge of any threatened or pending litigation
against them or any of the officers or directors.




















































22




ITEM
9.       CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.




None.




ITEM
9A.    CONTROLS AND PROCEDURES.




Evaluation
of Disclosure Controls and Procedures




We
maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our Exchange Act reports is recorded,
processed, summarized and reported within the time periods specified in the
Securities and Exchange Commission’s rules and forms and that such information
is accumulated and communicated to our management, including our Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow for timely
decisions regarding required disclosure. In designing and evaluating the
disclosure controls and procedures, management recognizes that any controls and
procedures, no matter how well designed and operated, can provide only
reasonable assurance of achieving the desired control objectives, and management
is required to apply its judgment in evaluating the cost-benefit relationship of
possible controls and procedures. Our disclosure controls and procedures were
designed to provide reasonable assurance that the controls and procedures would
meet their objectives. As required by SEC Rule 13a-15(b), our management carried
out an evaluation, with the participation of our Chief Executive and Chief
Financial Officers, of the effectiveness of the design and operation of our
disclosure controls and procedures as of the end of the period covered by this
report. Based on the foregoing, our Chief Executive Officer and Chief Financial
Officer concluded that our disclosure controls and procedures were effective at
the reasonable assurance level.




Management’s
Annual Report on Internal Control over Financial Reporting




Management
is responsible for establishing and maintaining adequate internal control over
our financial reporting. In order to evaluate the effectiveness of internal
control over financial reporting, as required by Section 404 of the
Sarbanes-Oxley Act, management has conducted an assessment, including testing,
using the criteria in Internal Control — Integrated Framework, issued by the
Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). Our
system of internal control over financial reporting is designed to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles. Because of its inherent limitations,
internal control over financial reporting may not prevent or detect
misstatements. Management has used the framework set forth in the report
entitled Internal Control-Integrated Framework published by the Committee of
Sponsoring Organizations of the Treadway Commission, known as COSO, to evaluate
the effectiveness of our internal control over financial reporting. Based on
this assessment, management has concluded that our internal control over
financial reporting was effective as of April 30, 2009. This Annual Report does
not include an attestation report of our independent registered public
accounting firm regarding internal control over financial reporting. Our
internal control over financial reporting was not subject to attestation by our
independent registered public accounting firm pursuant to temporary rules of the
SEC that permit us to provide only management’s report in this Annual
Report.




There has
been no change in our internal controls over financial reporting during our most
recent fiscal quarter that has materially affected, or is reasonably likely to
materially affect, our internal controls over financial reporting.




ITEM
9B.   OTHER INFORMATION.




None.




23




PART III




ITEM
10.      DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE
GOVERNANCE




Directors
and Executive Officers




As at
July 29, 2009, our directors and executive officers, their ages, positions held,
and duration of such, are as follows:




Name
                Position Held with
      the
                  Company
                Age
                Date First
      Elected
                  or
    AppointedMichael
      Frank Phillet
                President,
      Treasurer and a Director
                62
                InceptionMichelle
      Demers
                Secretary
                58
                September
      3, 2008




Business
Experience




The
following is a brief account of the education and business experience of each
director and executive officer during at least the past five years, indicating
each person’s principal occupation during the period, and the name and principal
business of the organization by which he was employed.




Michael FrankPhillet is
our CEO, CFO, President, Treasurer and sole director. Mr. Phillet received his
B.A. (East Asian History, Psychology) in 1967 and a CA (Chartered Accountant)
designation in Canada in 1979.  He has been in public practice as a
Chartered Accountant for 35 years and also owns and manages a number of
privately-owned businesses.  His business experience and career spans
an in-depth involvement with the software industry, computer hardware,
pharmaceutics, healthfoods, herbal products for animals (pets), the oil and gas
industry, manufacturing, and entertainment.  Other noteworthy
achievements include receiving a Canada Council Award for songwriting (1972) and
two Ontario Arts Council Awards for songwriting (1974, 1975).




Michelle Demers is our
Secretary. Ms. Demers earned her Certified General Accountant designation and a
corporate secretarial designation from the Institute of Chartered Secretaries
and Administrators in 2000, formalizing many years of accounting and corporate
administration experience.  From 1995 to 2001, Michelle was employed
by CV Technologies Inc., a company which trades on the TSX Exchange, as
Director, Canadian Operations and Assistant Corporate Secretary.  She
joined DevStudios International Inc. in June, 2001 as Controller and Corporate
Secretary, resigning in 2007.  In 2006 Michelle earned designation as
a Fellow of the Institute of Chartered Secretaries and in 2007, as Fellow of the
Association of Chartered Certified Accountants.




Term
of Office




Our
directors are appointed for a one-year term to hold office until the next annual
general meeting of our shareholders or until removed from office in accordance
with our bylaws. Our officers are appointed by our board of directors and hold
office until removed by the board.




Significant
Employees




We have
no significant employees other than the director and officer described
above.







24




Family
Relationships




There are
no family relationships among our directors or officers.




Involvement
in Certain Legal Proceedings




Our
directors, executive officers and control persons have not been involved in any
of the following events during the past five years:




1.
                any
      bankruptcy petition filed by or against any business of which such person
      was a general partner or executive officer either at the time of the
      bankruptcy or within two years prior to that time;2.
                any
      conviction in a criminal proceeding or being subject to a pending criminal
      proceeding (excluding traffic violations and other minor
      offenses);3.
                being
      subject to any order, judgment, or decree, not subsequently reversed,
      suspended or vacated, of any court of competent jurisdiction, permanently
      or temporarily enjoining, barring, suspending or otherwise limiting his
      involvement in any type of business, securities or banking activities;
      or4.
                being
      found by a court of competent jurisdiction (in a civil action), the
      Securities and Exchange Commission or the Commodity Futures Trading
      Commission to have violated a federal or state securities or commodities
      law, and the judgment has not been reversed, suspended, or
      vacated.




Audit
Committee




The
Company’s audit committee is composed of its sole director, Michael Frank
Phillet.




Section 16(a) Beneficial Ownership
Compliance




Section
16(a) of the Exchange Act requires our executive officers and directors and
persons who own more than 10% of a registered class of our equity securities to
file with the SEC initial statements of beneficial ownership, reports of changes
in ownership and annual reports concerning their ownership of our common stock
and other equity securities, on Forms 3, 4 and 5 respectively. Executive
officers, directors and greater than 10% shareholders are required by the SEC
regulations to furnish us with copies of all Section 16(a) reports that they
file.




Based
solely on our review of the copies of such forms received by us, or written
representations from certain reporting persons, we believe that all filing
requirements applicable to our officers, directors and greater than ten percent
beneficial owners were complied with.




ITEM
11.      EXECUTIVE COMPENSATION.




The
particulars of compensation paid to the following persons:




·
            our
      principal executive officer;


·
            each
      of our two most highly compensated executive officers who were serving as
      executive officers at the end of the year ended April 30, 2009;
      and


·
            up
      to two additional individuals for whom disclosure would have been provided
      under (b) but for the fact that the individual was not serving as our
      executive officer at the end of the most recently completed financial
      year, who we will collectively refer to as the named executive officers,
      for our years ended April 30, 2009 and 2008, are set out in the following
      summary compensation table:






25




SUMMARY COMPENSATION
      TABLEName
                                                  and
      Principal
                                                  Position
                                                Year
                                                Salary
                                                  ($)
                                                Bonus
                                                  ($)
                                                Stock
                                                  Awards
                                                  ($)
                                                Option
                                                  Awards
                                                  ($)(4)
                                                Non-
                                                  Equity
                                                  Incentive
                                                  Plan
                                                  Compensa-
                                                  tion
                                                  ($)
                                                Change in
                                                  Pension
                                                  Value and
                                                  Nonqualified
                                                  Deferred
                                                  Compensation
                                                  Earnings
                                                  ($)
                                                All
                                                  Other
                                                  Compensa
                                                  -tion
                                                  ($)
                                                Total
                                                  ($)Michael
      Frank Phillet(1)
                                                  President,
      Chief
                                                  Executive
                                                  Officer
                                                  and
      Chief Financial
                                                  Officer
                                                2009
                                                  2008
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  NilMichelle
      Demers (2)
                                                  Secretary
                                                2009
                                                  2008
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil
                                                Nil
                                                  Nil


(1)
              Michael
      Frank Phillet has been our president, chief executive officer and chief
      financial officer since Inception.(2)
              Michelle
      Demers has been our secretary since September 3,
  2008.




There are
no arrangements or plans in which we provide pension, retirement or similar
benefits for directors or executive officers. Our directors and executive
officers may receive stock options at the discretion of our board of directors
in the future. We do not have any material bonus or profit sharing plans
pursuant to which cash or non-cash compensation is or may be paid to our
directors or executive officers, except that stock options may be granted at the
discretion of our board of directors from time to time. We have no plans or
arrangements in respect of remuneration received or that may be received by our
executive officers to compensate such officers in the event of termination of
employment (as a result of resignation, retirement, change of control) or a
change of responsibilities following a change of control.




Outstanding
Equity Awards at Fiscal Year-End




As at
April 30, 2009, we had not adopted any equity compensation plan and no stock,
options, or other equity securities were awarded to our executive
officers.




Aggregated Options Exercised in the
Year Ended April 30, 2009 and Year End Option Values




There
were no stock options exercised during the year ended April 30,
2009.




Repricing of
Options/SARS




We did
not reprice any options previously granted during the year ended April 30,
2009.




Director
Compensation




We do not
pay our directors any fees or other compensation for acting as directors. We
have not paid any fees or other compensation to any of our directors for acting
as directors to date.






26




Employment
Contracts




We
presently do not have any employment agreements or other compensation
arrangements with Mr. Phillet or Ms. Demers. Generally, they provide their
services on a part-time basis without compensation. They have agreed not to
charge any management fee during the current period prior to the company
generating revenues.




ITEM
12.      SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.




As of
July 29, 2009, there were 5,750,000 shares of our common stock outstanding. The
following table sets forth certain information known to us with respect to the
beneficial ownership of our common stock as of that date by (i)
each of our directors, (ii) each of our executive officers, and (iii) all of our
directors and executive officers as a group. Except as set forth in the table
below, there is no person known to us who beneficially owns more than 5% of our
common stock.




Title of
      Class
                Directors and
      Officers:
              Name and
      Address
                of Beneficial
      Owner
              Number of
      Shares
                Beneficially Owned (1)
              Percentage of
      Class
                (2)Common
      Stock
              Michael
      Frank Phillet
                10324
      Wadhurst Road
                Edmonton,
      Alberta T5N 3V1
              3,100,000
              53.91%Michelle
      Demers
                #73,
      51110 Range Road 214
                Sherwood
      Park, Alberta, T8E 1G7
              50,000
              00.87%Common
      Stock
              Directors
      and Officers as
                a
      group
              1,500,000
              54.78%





(1)
                  Under
      Rule 13d-3, a beneficial owner of a security includes any person who,
      directly or indirectly, through any contract, arrangement, understanding,
      relationship, or otherwise has or shares: (i) voting power, which includes
      the power to vote, or to direct the voting of shares; and (ii) investment
      power, which includes the power to dispose or direct the disposition of
      shares. Certain shares may be deemed to be beneficially owned by more than
      one person (if, for example, persons share the power to vote or the power
      to dispose of the shares). In addition, shares are deemed to be
      beneficially owned by a person if the person has the right to acquire the
      shares (for example, upon exercise of an option) within 60 days of the
      date as of which the information is provided. In computing the percentage
      ownership of any person, the amount of shares outstanding is deemed to
      include the amount of shares beneficially owned by such person (and only
      such person) by reason of these acquisition rights.(2)
                  The
      percentage of class is based on 5,750,000 shares of common stock issued
      and outstanding as of July 29,
2009.




Changes
in Control




We are
unaware of any contract or other arrangement the operation of which may at a
subsequent date result in a change of control of our company.




ITEM
13.       CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS, AND DIRECTOR INDEPENDENCE.




None of
the following parties has, since commencement of our fiscal year ended April 30,
2009, had any material interest, direct or indirect, in any transaction with us
or in any presently proposed transaction that has or will materially affect us,
in which our company is a participant and the amount involved exceeds the lesser
of $120,00 or 1% of the average of our company’s total assets for the last three
completed financial years:




27




(i)
                    Any
      of our directors or officers;(ii)
                    Any
      person proposed as a nominee for election as a
director;(iii)
                    Any
      person who beneficially owns, directly or indirectly, shares carrying more
      than 5% of the voting rights attached to our outstanding shares of common
      stock;(iv)
                    Any
      of our promoters; and(v)
                    Any
      member of the immediate family (including spouse, parents, children,
      siblings and in- laws) of any of the foregoing
      persons.




Director
Independence




Our
common stock is quoted on the OTC bulletin board interdealer quotation system,
which does not have director independence requirements. Under NASDAQ rule
4200(a)(15), a director is not considered to be independent if he or she is also
an executive officer or employee of the corporation. Our sole director, Michael
Frank Phillet, is also our chief executive officer, president and treasurer. As
a result, we do not have any independent directors.




As a
result of our limited operating history and limited resources, our management
believes that we will have difficulty in attracting independent directors. In
addition, we would be likely be required to obtain directors and officers
insurance coverage in order to attract and retain independent directors. our
management believes that the costs associated with maintaining such insurance is
prohibitive at this time.




ITEM 14.      PRINCIPAL ACCOUNTANT FEES
AND SERVICES




Audit fees




The
aggregate fees billed for the two most recently completed fiscal periods ended
April 30, 2009 and April 30, 2008 for professional services rendered by John
Kinross-Kennedy, C.P.A., for the audit of our annual consolidated financial
statements, quarterly reviews of our interim consolidated financial statements
and services normally provided by the independent accountant in connection with
statutory and regulatory filings or engagements for these fiscal periods were as
follows:




Year Ended
                      April 30,
                      2009
                    
                    
                    Period
Ended
                      April 30,
                      2008Audit
      Fees and Audit Related Fees
                    
                    $
                    2,000
                    
                    
                    $
                    1,500Tax
      Fees
                    
                    
                    -
                    
                    
                    
                    -All
      Other Fees
                    
                    
                    -
                    
                    
                    
                    -Total
                    
                    $
                    2,000
                    
                    
                    $
                    1,500




In the
above table, “audit fees” are fees billed by our company’s external auditor for
services provided in auditing our company’s annual financial statements for the
subject year. “Audit-related fees” are fees not included in audit fees that are
billed by the auditor for assurance and related services that are reasonably
related to the performance of the audit review of our company’s financial
statements. “Tax fees” are fees billed by the auditor for professional services
rendered for tax compliance, tax advice and tax planning. “All other fees” are
fees billed by the auditor for products and services not included in the
foregoing categories.




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Policy
on Pre-Approval by Audit Committee of Services Performed by Independent
Auditors




The board
of directors pre-approves all services provided by our independent auditors. All
of the above services and fees were reviewed and approved by the board of
directors either before or after the respective services were
rendered.




The board
of directors has considered the nature and amount of fees billed by John
Kinross-Kennedy, C.P.A.. and believes that the provision of services for
activities unrelated to the audit is compatible with maintaining John
Kinross-Kennedy, C.P.A.




PART IV




ITEM
15.      EXHIBITS, FINANCIAL STATEMENT
SCHEDULES.




Exhibit
                      Number
                    Description3.1
                    Articles
      of Incorporation (filed as an exhibit to our Form S-1 Registration
      Statement, filed on June 25, 2008)3.2
                    Bylaws
      (filed as an exhibit to our Form S-1 Registration Statement, filed on June
      25, 2008)31.1*
                    Certification of
      Chief Executive Officer and Chief Financial Officer pursuant to Section
      302 of the Sarbanes-Oxley Act of 200232.1*
                    Certification of
      Chief Executive Officer and Chief Financial Officer pursuant Section 906
      Certifications under Sarbanes-Oxley Act of 2002


* Filed
herewith.






SIGNATURES




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




KID’S
BOOK WRITER INC.




By
            /s/
      Michael Frank PhilletMichael
      Frank PhilletPresident,
      Treasurer, Chief Executive Officerand
      Chief Financial OfficerDate:
            July
      29, 2009













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