UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM
10-K  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934  For
the fiscal year ended March 31, 2009  Commission file number:  333-147169  jetPADS, Inc. (Exact name of registrant as specified in its charter)  Nevada

26-24347451(State or other jurisdiction of incorporation or
organization)

(I.R.S. Employer Identification No.)650 S Hill St., J-4, Los Angeles, CA

90014(Address of principal executive offices)

(Zip Code)  Registrants
Telephone Number, including area code: (310)
728-6579  Securities registered
under Section 12(b) of the Exchange Act:  Title
of each class: Name
of each exchange on which registered: N/A N/A  Securities registered
under Section 12(g) of the Exchange Act:  N/A (Title of class)  Indicate by check
mark if the registrant is a well-known seasoned issuer, as defined in Rule 405
of the Securities Act.  [  ]  Yes  [X]  No  Indicate by check
mark if the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Act.  [  ]  Yes  [X]  No  Note  Checking the
box above will not relieve any registrant required to file reports pursuant to
Section 13 or 15(d) of the Exchange Act from their obligations under those
Sections.  Indicate by check
mark whether the registrant (1) has filed reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act 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.  [X]  Yes  [  ]  No  Indicate by checkmark
whether the registrant has submitted electronically and posted on its corporate
Website, if any, every Interactive Data File required to be submitted and posted     pursuant
to Rule 405 of Regulation S-T during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files.)
 [  ]  Yes  [x]  No (Not required)  Indicate by check
mark if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-K contained herein, and will not be contained, to the best of
registrants knowledge, in definitive proxy or information statements
incorporation by reference in Part III of this Form 10-K or any amendment to
this Form 10-K.  [  ]  Indicate by check
mark 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
[
 ]
Accelerated
filer
[
 ]Non-accelerated
filer
[  ]
(Do not check if a smaller reporting
company)
Smaller
reporting company
[x]   Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act).  [X]  Yes  [  ]  No  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.
 $0.00.  Registrant was approved for trading on the OTCBB on November
12, 2008.  No trading occurred during Registrants second quarter.  Indicate the number
of shares outstanding of each of the registrants classes of common stock, as of
the latest practicable date:  10,000,000 shares of common stock    PART I  Item 1.
 Business  Business
Development jetPADS, Inc. was
incorporated on March 26, 2008, in the state of Nevada.  We are a
development stage company.  As of March 31, 2009, we have not commenced
revenue generating activities and we have few assets.  Subsequent to March
31, 2009, the Company entered into several agreements to act as a short-term
rental agent on behalf of owners of various vacation properties. These
agreements allow for the Company to be compensated by commission based on a
percentage of the gross rental fee charged to a user of the property.  We
have never declared bankruptcy, we have never been in receivership, and we have
never been involved in any legal action or proceedings. Since becoming
incorporated, we have not made any significant purchase or sale of assets, nor
have we been involved in any mergers, acquisitions, or consolidations.  Business of
Issuer jetPADS, Inc. (the
Company or jetPADS) is in the business of developing, owning, operating, and
franchising jetPAD Homes and jetPAD Hotels worldwide. jetPAD Homes and jetPAD
Hotels and their amenities are designed to appeal particularly to up-market
travelers, featuring many of the creature comforts of a luxurious home or condo
and providing well-appointed, high quality amenities and service to a burgeoning
marketplace. Through the rapid development and franchising of jetPAD Homes and
jetPAD Hotels, the Company's goal is to capitalize on an underserved demand for
worldwide luxury extended stay travel homes and hotels by creating and fostering
a brand based on luxury, service, and commitment to excellence.  The Company launched
its jetPADHomes.com Website in the fall of 2008, and has launched into the first
phase of its development of franchising and branding luxuriously appointed homes
and condominiums with the jetPADS name.  The concept of jetPAD
Homes involves tapping into the growth of the vacation rental market industry.
jetPAD Homes will cost-effectively initiate the Companys first phase of its
development by securing contracts with existing luxury homes and condominiums in
highly vacationed spots around the world, and branding them with the jetPADS
name.  jetPAD Homes will all feature amenities such as high-end
electronics, luxurious finishes, custom embroidered linens, fully-equipped chef
kitchens, immaculate furnishings and design, views/location, and a team of
people dedicated to customer satisfaction and excellence.  The Company has
secured contracts with luxury home and condo owners.  This will allow
jetPAD Homes representatives to market an existing inventory to high-end
clientele world-wide.  The Company will secure 30% commissions for all
bookings made for jetPAD Homes and create a proven business model that it can
then expand into the second phase of its operations, the design and construction
of jetPAD Hotels worldwide.  GROWTH AND
DEVELOPMENT STRATEGIES  The Company plans to
secure contracts with prospective homeowners through the contacts and
connections of its president and director, Mr. Kanaat.  Mr. Kanaats
contacts own some of the most luxurious homes and condominiums around the world
and have tentatively agreed to participate in the jetPAD Homes program.  The Company intends
to secure contracts and implement its brand development strategy by placing key
advertisements strategically throughout print and Web-based media.  While
focusing   on
fostering its brand and continuously securing additional high-end properties
worldwide, the Company will simultaneously launch into a sales campaign,
utilizing an enterprise version of the TenantWIZ Vacation Rental Software system
to manage and close all sales leads.  OPERATING
STRATEGIES  The Companys
operating strategies will be primarily based around securing and marketing
jetPAD luxury homes and condominiums in its first phase of development.  The Companys
founder, Mr. Kanaat, will utilize his connections to create a base inventory of
secured luxury properties worldwide to be used in the marketing and advertising
of jetPAD Homes.  Sales associates and concierge staff will be brought on
board as customers begin signing up for memberships for the jetPAD Homes
program.  The Company will
operate its day-to-day business by utilizing an enterprise version of the
TenantWIZ Vacation Rental Software system which will track all leads, sales,
properties, digital contracts, and more through one streamlined system.  It
will work to foster its brand, while striving to deliver service at competitive
prices. The Company will be known for providing homes and condominiums around
the world to members based on a quarterly or annual fee, as well as varying
booking fees per property.   REPORTS TO SECURITY
HOLDERS We
filed a Prospectus as part of a Form S-1, as amended, with the Securities and
Exchange Commission and will file reports, including quarterly and annual
reports, with the Commission pursuant to Section 12(b) or (g) of the Exchange
Act. These reports and any other materials filed with the SEC may be read and
copied at the SEC's Public Reference Room at 100 F Street NE, Washington, D.C.
20549. Information on the operation of the Public Reference Room may be obtained
by calling the SEC at 1-800-SEC-0330. The Company files its reports
electronically with the SEC. The SEC maintains an Internet site that contains
reports, proxy and information statements, and other information regarding
issuers that file electronically with the SEC. The address of that site is
http://www.sec.gov. Item 1A. Risk
Factors  Not applicable.  Item 1B.
 Unresolved Staff Comments  Not Applicable.  Item 2.
Properties  The Companys
executive offices are located at 650 S. Hill St., #J-4, Los Angeles, CA 90014.
 The office is provided by the Companys officer free of charge.  The
Company currently owns no other properties at this time.  Item 3. Legal
Proceedings  We are not a party to
any pending legal proceedings.  Item 4. Submission
of Matters to a Vote of Security Holders    No matters were
submitted to a vote of security holders during the fourth quarter of the fiscal
year ended March 31, 2009.  PART
II  Item 5. Market for
Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.  Market price of
and Dividends on the Registrants Common Equity and Related Stockholder
Matters  Our common stock is
currently quoted on the OTC Electronic Bulletin Board (OTCBB) operated by the
Financial Industry Regulatory Authority (FINRA) under the symbol JPAD.
 Our common stock has not had any trading activity since first being quoted
on November 12, 2008.  Of the 10,000,000
shares of common stock outstanding as of March 31, 2009, 2,750,000 shares were
owned by our officers and directors, and may only be resold in compliance with
Rule 144 of the Securities Act of 1933.  Holders  As of March 31, 2009,
we have 10,000,000 shares of $0.001 par value common stock issued and
outstanding held by 31 shareholders of record.  Dividends  There are no
restrictions in our articles of incorporation or bylaws that restrict 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;
or (2)  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.  We do not plan to declare any dividends in the foreseeable
future.  Recent Sales of
Unregistered Securities In
May, 2008, the Company undertook a private offering of 10,000,000 shares of its
common stock, with an offering price of $0.001 per share. The proceeds from this
offering are to be used to cover further start-up and organizational costs of
the Corporation. This offering was undertaken directly by the Corporation.
 The Private Placement was completed in May 2008, pursuant to Section 4(2),
and/or Regulation D, of the Securities Act.  No commissions or fees were
paid in connection with the offering. The
class of persons to whom these offerings were made was "sophisticated
investors." As a result, offers were made only to persons that the Company
believed, and had reasonable grounds to believe, either (a) have such knowledge
and experience in financial and business matters as to be capable of evaluating
the merits and risks of the proposed investment, or (b) can bear the economic
risks of the proposed investment (that is, at the time of investment, could
afford a   complete
loss). Additionally, sales were made only to persons whom the Company believed,
and had reasonable grounds to believe immediately prior to such sale and upon
making reasonable inquiry, (a) are capable of bearing the economic risk of the
investment, and (b) either personally possess the requisite knowledge and
experience, or, together with their offeree's representative, have such
knowledge and experience. Securities
authorized for issuance under equity compensation plans  We do not have any
equity compensation plans and accordingly we have no securities authorized for
issuance thereunder.  Purchases of
Equity Securities by the Registrant and Affiliated Purchasers  We did not purchase
any of our shares of common stock or other securities during the year ended
March 31, 2009.  Item 6.
 Selected Financial Data.  FromInception(March 26,Year Ended
Year Ended
2008) toMarch 31,
March 31,
March 31,2008
2009
2009Total
expenses
$
            -
$
  42,354
$
    42,354Operating
revenue
$
            -
$
            -
$
              -Net loss
$
            -
$
(42,354)
$
  (42,354)Net cash
provided by financing activities
$
            -
$
  10,393
$
    10,393Cash used in
operating activities
$
            -
$
(10,358)
$
  (10,358)Cash and cash
equivalents on hand
$
            -
$
         35
$
           35Net loss per
common share: Basic and Diluted
$
  (0.00)
$
    (0.00)
N/AWeighted
average number of common shares outstanding:Basic
and diluted
-
8,630,822
N/ACash dividends
declared per common share
$
            -
$
            -
$
            -Property and
equipment, net
$
            -
$
            -
$
            -Long-term
debt
$
            -
$
            -
$
            -Stockholders
defict
$
            -
$
(32,354)
$
(32,354)  Item 7.
Managements Discussion and Analysis of Financial Condition and Results of
Operations.  The following
discussion should be read in conjunction with the Company's Financial Statements
and notes thereto appearing elsewhere in this Annual Report.  OVERVIEW  The Company began
operations in March 2008 and has secured contracts with homeowners and agents
through the contacts and connections of its president and director, Mr. Kanaat.
 The   Company
has implemented its brand development strategy by placing key advertisements
strategically throughout the Internet.  The
Companys operating strategies are based around securing and marketing jetPAD
luxury homes and condominiums around the world by securing short-term rentals
for these homes and condominiums. The Company has begun generating revenues from
10% to 60% of all gross rentals secured through its operations.
  Although no commission revenues were generated from gross rental
receipts from inception through March 31, 2009, subsequent to the balance sheet
date through July 28, 2009, the Company had booked a total of $71,855 gross
rental charges resulting in revenue and deferred revenue of $6,821 and $21,840,
respectively. Of these amounts, revenue of $1,292 and deferred revenue of $2,555
were the result of bookings of properties personally owned by our President Mr.
Kanaat. The Companys
founder, Mr. Kanaat, has utilized his connections to create a base inventory of
secured luxury properties worldwide used in the marketing & advertising of
jetPAD Homes.  Sales associates and concierge staff will be brought on
board as revenues for rentals continue throughout 2009 for the jetPAD Homes
program.  The Company is
already known for providing homes and condominiums around the world to customers
based on a transient rental basis (less than 30 days per rental).  RESULTS OF
OPERATIONS  The Company has begun
negotiating contracts with homeowners for inclusion in the jetPAD Homes
worldwide luxury rental inventory.  It will implement its plan for
marketing these properties and building the jetPADS brand and expects to begin
generating revenues from short-term rental sales through its Website in early
summer, 2009.  From inception through March 31, 2009, the Company has not
yet generated any income.  Total expenses for the year ended March 31,
2009, were $42,354, and consisted for $38,906 in professional fees for
accountants, attorneys and transfer agent, $2,878 in general and administrative
expenses, and $570 in interest expense.  Subsequent to March
31, 2009, the Company entered into agreements with vacation home owners to act
as a short-term rental agent. The agreements retain the Company as a rental
agent and not an owner nor operator of the properties. The Company generates
revenues by receiving a commission of the gross rental fee charged. As of July
28, 2009, the Company had booked $71,855 of gross rental fees, resulting in
revenue and deferred revenue of $6,821 and $21,840, respectively.  Item 7A.
Quantitative and Qualitative Disclosures About Market Risk.  Not applicable.   Item 8. Financial
Statements and Supplementary Data.          jetPADS, Inc.  (A
Development Stage Company)  Financial Statements  For the
Year Ended March 31, 2009, the Period of March 26, 2008 (Inception) to March 31,
2008 and the Period of March 26, 2008 (Inception) to March 31, 2009    jetPADS, Inc.  (A
Development Stage Company)  Financial Statements  For the
Year Ended March 31, 2009, the Period of March 26, 2008 (Inception) to March 31,
2008 and the Period of March 26, 2008 (Inception) to March 31, 2009    Page(s)Report of
Independent Registered Accounting Firm
1Balance Sheets
2Statements of
Operations
3Statement of
Changes in Stockholders Deficit
4Statements of
Cash Flows
5Notes to
Financial Statements
6-11       [jetpadsmar0910kfinalclean001.jpg]  REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  To
the Board of Directors and Stockholders jetPADS,
Inc.  We
have audited the accompanying balance sheets of jetPADS, Inc. (a development
stage enterprise) (the Company) as of March 31, 2009 and 2008, and the related
statements of operations, changes in stockholders deficit, and cash flows for
the year ended March 31, 2009, the period from March 26, 2008 (inception)
through March 31, 2008, and the period from March 26, 2008 (inception) through
March 31, 2009. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.  We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States of America). Those standards require
that we plan and perform the audits to obtain reasonable assurance about whether
the financial statements are free of material misstatement.  The Company is
not required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audits included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Companys internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.  In
our opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of jetPADS, Inc. as of March 31, 2009
and 2008, and the results of its operations and cash flows for the year ended
March 31, 2009, the period from March 26, 2008 (inception) through March 31,
2008, and the period from March 26, 2008 (inception) through March 31, 2009, in
conformity with accounting principles generally accepted in the United States of
America.  The
accompanying financial statements have been prepared assuming the Company will
continue as a going concern.  As discussed in financial statement Note 4,
the Company has incurred losses since inception, and has not engaged in any
operations.  This raises substantial doubt about the Companys ability to
meet its obligations and to continue as a going concern. Managements plans in
regard to this matter are described in Note 4.  The financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.  /s/
Child, Van Wagoner & Bradshaw, PLLC Child,
Van Wagoner & Bradshaw, PLLC Salt
Lake City, Utah July
28, 2009   1        jetPADS, Inc.(A
Development Stage Company)Balance SheetsMarch 31,2009

2008ASSETSCurrent
assetsCash
$
35

$
-Total current
assets

35Total
assets
$
35

$
-LIABILITIES AND STOCKHOLDERS' DEFICITCurrent
liabilitiesAccounts
payable
$
31,996

$
-Related party
payable (Note 5)

393


-Total current
liabilities

32,389


-Stockholders'
DeficitCommon stock,
par value $.001, 100,000,000 shares authorized, 10,000,000 shares issued
and outstanding
10,000


-Deficit
accumulated during the development stage

(42,354)


-Total
stockholders' deficit

(32,354)


-Total
liabilities and stockholders' deficit
$
35

$
-See accompanying notes to the financial
statements        2    jetPADS, Inc(A
Development Stage Company)Statements of OperationsYear Ended March 31, 2009

Period of March 26, 2008 (inception) to March 31, 2008

Period of March 26, 2008 (inception) to March 31,
2009RevenuesSales
revenue
$
-

$
-

$
-Total
revenue

-


-


-Operating
ExpensesProfessional
fees

38,906


-


38,906Other general
& administrative

2,878


-


2,878Total operating
expenses
41,784


-


41,784Other
expensesInterest
expense

570


-


570Total other
expenses

570


-


570Net loss
applicable to common stockholders
$
(42,354)

$
-

$
(42,354)Basic and
diluted loss per common share
$
(0.00)

$
(0.00)Weighted
average shares outstanding

8,630,822


-See accompanying notes to the financial
statements        3    jetPADS, Inc.(A
Development Stage Company)Statement of Changes in Stockholders DeficitFor the Period of March 26, 2008 (Inception) to March 31,
2009Common Stock

Accumulated Deficit

TotalShares

AmountBalance, March
26, 2008 (Inception)
-

$
-

$
-

$
-Net loss,
period ended March 31, 2008
-


-


-


-Balance, March
31, 2008
-


-


-


-Common stock
issued for cash, $.001 per share
10,000,000


10,000


-


10,000Net loss, year
ended March 31, 2009
-


-


(42,354)


(42,354)Balance, March
31, 2009
10,000,000

$
10,000

$
(42,354)

$
(32,354)See accompanying notes to the financial
statements      4    jetPADS, Inc.(A
Development Stage Company)Statements of Cash FlowsYear Ended March 31, 2009

For the period March 26, 2008 (inception) to March 31,
2008

For the period March 26, 2008 (inception) to March 31,
2009Cash flows from
operating activitiesNet loss
$
(42,354)

$
-

$
(42,354)Adjustments to
reconcile net loss to net cash used in operating activitiesAccounts
payable

31,996





31,996Net cash used
in operating activities

(10,358)


-


(10,358)Cash flows from
financing activitiesProceeds from
related party payable

393





393Proceeds from
sale of stock

10,000





10,000Net cash
provided by financing activities

10,393


-


10,393Net change in
cash

35


-


35Cash at
beginning of period

-


-


-Cash at end of
period
$
35


-

$
35Supplemental
Cash Flow Information:Cash paid for
interest
$
-

$
-

$
-Cash paid for
income taxes
$
-

$
-

$
-See accompanying notes to the financial
statements            5   jetPADS, Inc. (A
Development Stage Company) Notes
to the Financial Statements For
the Year Ended March 31, 2009, the Period of March 26, 2008 (Inception) to March
31, 2008 and the Period of March 26, 2008 (Inception) to March 31, 2009  1.
 ORGANIZATION  jetPADS, Inc. (the Company) was incorporated on March 26, 2008
in the State of Nevada.  Its operations are primarily based in Los Angeles,
CA.  The accounting and reporting policies of the Company conform to
accounting principles generally accepted in the United States of America, and
the Companys fiscal year-end is March 31.  The Company plans to pursue the business of securing contracts on
existing luxury homes, condominiums, apartments, and hotels.  Once the
contracts have been secured, the Company will provide further high-end luxurious
amenities and ultimately sell or rent its products to third parties.  To
date, the Companys activities have been limited to its formation and general
start-up activities associated with its business plan.  Development
Stage Company  The Company has not earned any revenues as of March 31, 2009 in
accordance with its business plan.  Accordingly, the Company is considered
to be a development stage enterprise as defined in Statement of Financial
Accounting Standards (SFAS) No. 7, Accounting and Reporting by Development
Stage Enterprises.  2.
 SIGNIFICANT ACCOUNTING POLICIES  Use
of Estimates  The preparation of the Companys 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 assets and
liabilities at the date of the financial statements and the reported amount of
revenues and expenses during the reporting period.  Actual results could
differ from those estimates.  The Companys periodic filings with the
Securities and Exchange Commission include, where applicable, disclosures of
estimates, assumptions, uncertainties and markets that could affect the
financial statements and future operations of the Company.  Cash
and Cash Equivalents  Cash includes cash in banks, money market funds, and certificates
of term deposits with maturities of less than three months from inception, which
are readily convertible to known amounts of cash and which, in the opinion of
management, are subject to an insignificant risk of loss in value.  The
Company had $35 and $0 cash equivalents as of March 31, 2009 and 2008,
respectively.     6   jetPADS, Inc. (A
Development Stage Company) Notes
to the Financial Statements For
the Year Ended March 31, 2009, the Period of March 26, 2008 (Inception) to March
31, 2008 and the Period of March 26, 2008 (Inception) to March 31, 2009  2.
 SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Revenue
Recognition  Revenue
is recognized in accordance with Staff Accounting Bulletin No. 104 which
requires recognition when persuasive evidence of an arrangement exists, the
price is fixed or determinable, delivery has occurred and payment is reasonably
assured. The Company recognizes revenue when commissions are retained from gross
rental receipts and the renter has completed their stay. Because the Company
acts on behalf of the property owners as an agent, only the net amount retained
as commission is recognized as revenue. The Company does not undertake ownership
or property management responsibilities.  Income
Taxes  The Company recognizes the tax effects of transactions in the year
in which such transactions enter into the determination of net income regardless
of when reported for tax purposes.  Deferred taxes are provided in the
financial statements under SFAS No. 109 to give effect to the temporary
differences which may arise from differences in the bases of fixed assets,
depreciation methods, and allowances based on the income taxes expected to
be payable in future years.  Minimal development stage deferred tax assets
of approximately $14,800 arising as a result of net operating loss
carry-forwards of $42,354 have been offset completely by a valuation allowance,
which increased by $14,800 and $0 during the year ended March 31, 2009 and the
period of March 26, 2008 (inception) to March 31, 2008, respectively, due to the
uncertainty of their utilization in future periods.  Net
Loss Per Share of Common Stock  The Company has adopted SFAS No. 128, Earnings per Share,
(EPS) which requires presentation of basic and diluted EPS on the face of the
income statement for all entities with complex capital structures and requires a
reconciliation of the numerator and denominator of the basic EPS computation to
the numerator and denominator of the diluted EPS computation.  In the
accompanying financial statements, basic earnings (loss) per share is computed
by dividing net income (loss) by the weighted average number of shares of common
stock outstanding during the period.  The following table sets forth the computation of basic and
diluted earnings per share for the periods ended March 31, 2009 and 2008:  Year ended March 31, 2009

Period of March 26, 2008 (Inception) to March 31,
2008Net loss
$
(42,354)

$
-Weighted
average common shares outstanding (Basic)
8,630,822


-Weighted
average common shares outstanding (Diluted)

8,630,822


-Net loss per
common share (Basic and Diluted)
$
(0.00)

$
(0.00)  The Company has no potentially dilutive securities, such as
options or warrants, currently issued and outstanding.  7   jetPADS, Inc. (A
Development Stage Company) Notes
to the Financial Statements For
the Year Ended March 31, 2009, the Period of March 26, 2008 (Inception) to March
31, 2008 and the Period of March 26, 2008 (Inception) to March 31, 2009  2.
 SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Concentrations of Credit Risk  The
Companys financial instruments that are exposed to concentrations of credit
risk primarily consist of its cash and related party payables it will likely
incur in the near future.  The Company places its cash with financial
institutions of high credit worthiness.  At times, its cash with a
particular financial institution may exceed any applicable government insurance
limits.  The Companys management plans to assess the financial strength
and credit worthiness of any parties to which it extends funds, and as such, it
believes that any associated credit risk exposures are limited.  Recent
Accounting Pronouncements  The
FASB issued SFAS No. 168, The FASB Accounting Standards Codification and
the Hierarchy of Generally Accepted Accounting Principles, on June 29, 2009
 and, in doing so, authorized the Codification as the sole source for
authoritative U.S. GAAP.   SFAS No. 168 will be effective for
financial statements issued for reporting periods that end after September 15,
2009.  Once it's effective, it will supersede all accounting standards in
U.S. GAAP, aside from those issued by the SEC.  SFAS No. 168 replaces SFAS
No. 162 to establish a new hierarchy of GAAP sources for non-governmental
entities under the FASB Accounting Standards Codification.  On
June 12, 2009 the FASB issued two statements that amended the guidance for
off-balance-sheet accounting of financial instruments: SFAS No. 166, Accounting for Transfers of Financial Assets, and
SFAS No. 167,
Amendments to FASB Interpretation No. 46(R).  SFAS No. 166
revises SFAS No. 140, Accounting for Transfers and Servicing of
Financial Assets and Extinguishments of Liabilities, and will require
entities to provide more information about sales of securitized financial assets
and similar transactions, particularly if the seller retains some risk to the
assets, the FASB said. The statement eliminates the concept of a qualifying
special-purpose entity, changes the requirements for the derecognition of
financial assets, and calls upon sellers of the assets to make additional
disclosures about them.   SFAS
No. 167 amends FASB Interpretation (FIN) No.
46(R), Consolidation of Variable Interest
Entities, by altering how a company determines when an entity that is
insufficiently capitalized or not controlled through voting should be
consolidated, the FASB said. A company has to determine whether it should
provide consolidated reporting of an entity based upon the entity's purpose and
design and the parent company's ability to direct the entity's actions. SFAS
Nos. 166 and 167 will be effective at the start of the first fiscal year
beginning after November 15, 2009, which will mean January 2010 for companies
that are on calendar years.  Statement Nos. 166 and 167 currently have no
effect on the Company.  In
May 2009, the FASB issued SFAS 165, Subsequent Events. SFAS 165 should
not result in significant changes in the subsequent events that an entity
reports. Rather, SFAS 165 introduces the concept of financial statements being
available to be issued. Financial statements are considered available to be
issued when they are complete in a form and format that complies with generally
accepted accounting principles (GAAP) and all approvals necessary for issuance
have been obtained.  This Statement has been implemented, but resulted in
no significant changes to the Companys financial reporting.   8   jetPADS, Inc. (A
Development Stage Company) Notes
to the Financial Statements For
the Year Ended March 31, 2009, the Period of March 26, 2008 (Inception) to March
31, 2008 and the Period of March 26, 2008 (Inception) to March 31, 2009  2.
 SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Recent
Accounting Pronouncements  In
May of 2008, the FASB issued Statement No. 162, The Hierarchy of Generally
Accepted Accounting Principles.This statement identifies literature
established by the FASB as the source for accounting principles to be applied by
entities which prepare financial statements presented in conformity with
generally accepted accounting principles (GAAP) in the United States.  This
statement is effective 60 days following approval by the SEC of the Public
Company Accounting Oversight Board amendments to AU Section 411, The Meaning
of Present Fairly in Conformity With Generally Accepted Accounting Principles.This statement will require no changes in the Companys financial
reporting practices.  In
March of 2008 FASB issued Statement of Financial Accounting Standards (SFAS) No.
161, Disclosures about Derivative Instruments and Hedging Activitiesan
amendment of FASB Statement No. 133, Accounting for Derivatives and
Hedging Activities.  SFAS No. 161 has the same scope as Statement No.
133 but requires enhanced disclosures about (a) how and why an entity uses
derivative instruments, (b) how derivative instruments and related hedged items
are accounted for under Statement No. 133 and its related interpretations, and
(c) how derivative instruments and related hedged items affect an entitys
financial position, financial performance, and cash flows.  SFAS No. 161 is
effective for financial statements issued for fiscal years and interim periods
beginning after November 15, 2008, with early application encouraged.  The
statement encourages, but does not require, comparative disclosures for earlier
periods at initial adoption.  SFAS No. 161 has no effect on the Companys
financial position, statements of operations, or cash flows at this time.  In
December, 2007, the FASB issued SFAS No. 160, Non-controlling Interests in
Consolidated Financial Statements, an amendment of ARB No. 51.
  SFAS No. 160 applies to for-profit entities that prepare
consolidated financial statements where there is an outstanding non-controlling
interest in a subsidiary.  The Statement requires that the non-controlling
interest be reported in the equity section of the consolidated balance sheet but
identified separately from the parent.  The amount of consolidated net
income attributed to the non-controlling interest is required to be presented,
clearly labeled for the parent and the non-controlling entity, on the face of
the consolidated statement of income.  When a subsidiary is
de-consolidated, any retained non-controlling interest is to be measured at fair
value.  Gain or loss on de-consolidation is recognized rather than carried
as the value of the retained investment.  The Statement is effective for
fiscal years and interim periods beginning on or after December 15, 2008.
 It cannot be adopted earlier but, once adopted, is to be applied
retroactively.  This pronouncement has no effect on this Companys
financial reporting at this time.  Also
in December 2007, the FASB issued SFAS No. 141R, Business Combinations(SFAS No. 141R).  SFAS No. 141R amends SFAS 141 and provides revised
guidance for recognizing and measuring identifiable assets and goodwill
acquired, liabilities assumed, and any non-controlling interest in the acquiree.
 It also provides disclosure requirements to enable users of the financial
statements to evaluate the nature and financial effects of the business
combination.  It is effective for fiscal years beginning on or after
December 15, 2008 and will be applied prospectively.  SFAS No. 141R has no
effect on the Companys financial reporting.    9   jetPADS, Inc. (A
Development Stage Company) Notes
to the Financial Statements For
the Year Ended March 31, 2009, the Period of March 26, 2008 (Inception) to March
31, 2008 and the Period of March 26, 2008 (Inception) to March 31, 2009  3.
 STOCKHOLDERS EQUITY  Authorized Stock  The Company has authorized 100,000,000 common shares with a par
value of $0.001 per share.  Each common share entitles the holder to one
vote, in person or proxy, on any matter on which action of the shareholders of
the Company is sought.  Share Issuances  In May 2008, the Company issued 10,000,000 shares of its common
stock for cash at $.001 per share for a total cash consideration of $10,000. At
March 31, 2009, the Company had 10,000,000 common shares issued and outstanding.
There are no preferred shares authorized, issued or outstanding.  The
Company has no stock option plan, warrants or other dilutive securities.  4.  GOING CONCERN AND LIQUIDITY CONSIDERATIONS  The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern, which contemplates, among
other things, the realization of assets and satisfaction of liabilities in the
normal course of business.  As of March 31, 2009, the Company had minimal
operational activity.  The Company intends to fund operations through
equity financing arrangements, which may be insufficient to fund its capital
expenditures, working capital and other cash requirements for the next twelve
months.  The ability of the Company to emerge from the development stage is
dependent upon, among other things, obtaining additional financing to fund both
capital and working capital expenditures, and further developing and
implementing its business plan through the securing of contracts on existing
luxury homes, condominiums, apartments, and hotels.  In response to these problems, management intends to raise
additional funds through public or private placement offerings.  These factors, among others, raise substantial doubt about the
Companys ability to continue as a going concern.  The accompanying
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.  5.  RELATED PARTY TRANSACTIONS  During the year ended March 31, 2009, an officer advanced the
Company $393 at no interest to pay for operating expenses. The loan is due on
demand and as such is included in current liabilities. Imputed interest has been
considered but was determined to be immaterial to the financial statements and
has not been included herein.   10   jetPADS, Inc. (A
Development Stage Company) Notes
to the Financial Statements For
the Year Ended March 31, 2009, the Period of March 26, 2008 (Inception) to March
31, 2008 and the Period of March 26, 2008 (Inception) to March 31, 2009   6. SUBSEQUENT
EVENTS Subsequent
to March 31, 2009, the Company entered into various agreements with vacation
property owners to act as a short-term rental agent on behalf of the owners. The
agreements allow for the Company to retain a commission of 10% - 60% of the
gross rental booking.  Since rental contracts between the owners and
renters are cancellable up to the point of use of the owners properties by the
renters, commissions are deferred and recognized as revenue once the renters
complete their use of the owners properties.  The remaining 40%-90% of
gross rental bookings, plus applicable taxes paid by the renters, are remitted
to the owners upon the renters use of the owners properties.  At the time
of booking, renters are required to pay a security deposit that is refundable to
them after ensuring no damage was done to the owners properties subsequent to
use by the renters. As
of July 28, 2009, the Company had booked a total of $71,855 in gross rental
charges, plus booking fees, cleaning fees, and taxes totaling $11,592, resulting
in revenue and deferred revenue of $6,821 and $21,840, respectively. Of these
amounts, revenue of $1,292 and deferred revenue of $2,555 were the result of
bookings of properties personally owned by the Companys President, who has
elected not to be compensated personally for rental of his properties. As a
result, the funds which would normally be relayed to the property owner are
recorded as contributed capital. The Company retains 40% of the gross rental
booking on properties personally owned by the President as revenue, resulting in
contributed capital form these bookings of $5,394 as of July 28, 2009. As
a result of bookings made through July 28, 2009, the Company has received total
cash of $77,433, including $17,942 in refundable security deposits.  Of
this amount, $15,877 has been remitted to the property owners, with $33,516
remaining payable to property owners upon renters use of the properties. At
July 28, 2009, the Company had a balance of $51,458 in restricted cash
(consisting of the security deposits and cash retained for remittance to
property owners), and a receivable due from renters of $23,956 payable prior to
the renters use of the owners properties. The
Company has evaluated subsequent events from the balance sheet date through July
28, 2009.               11     Item 9. Changes in
and Disagreements with Accountants on Accounting and Financial
Disclosure. From
inception and up to the present time, the principal independent accountant for
the Company has neither resigned (nor declined to stand for reelection) nor been
dismissed.  The independent auditor for the Company is Child, Van Wagoner
& Bradshaw, PLLC, 5296 South Commerce Drive, Suite 300, Salt Lake City, UT
84107. This firm was engaged on or about May 6, 2008. Item 9A.
 Controls and Procedures.  As of March 31, 2009,
the Company carried out an evaluation of the effectiveness of the Companys
disclosure controls and procedures (as defined by Rule 13a-15(e) under the
Securities Exchange Act of 1934) under the supervision and with the
participation of the Chief Executive Officer and Chief Financial Officer. Based
on and as of the date of such evaluation, the aforementioned officers have
concluded that the Companys disclosure controls and procedures were not
effective for the reasons discussed herein.  The matters involving
internal controls and procedures that our management considered to be material
weaknesses under the standards of the Public Company Accounting Oversight Board
were:  (1) inadequate segregation of duties consistent with control
objectives.  The aforementioned material weakness was identified by our
Chief Executive Officer in connection with the review of our financial
statements as of March 31, 2009.  Management believes
that the material weakness set forth above did not have an effect on our
financial results.  The Company also
maintains a system of internal accounting controls that is designed to provide
assurance that assets are safeguarded and that transactions are executed in
accordance with managements authorization and properly recorded. This system is
continually reviewed and is augmented by written policies and procedures, the
careful selection and training of qualified personnel and an internal audit
program to monitor its effectiveness. During the fiscal year ended March 31,
2009, there were no significant changes to this system of internal controls or
in other factors that could significantly affect those controls.   Managements
Report on Internal Control over Financial Reporting  Our management is
responsible for establishing and maintaining adequate internal control over
financial reporting as defined in Rule 13a-15(f) under the Exchange Act.
Internal control over financial reporting refers to a process designed by, or
under the supervision of our Chief Executive Officer and Chief Financial Officer
and effected by our Board, management, and other personnel, 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, including those policies and
procedures that:        -
pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of our assets;-
provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted
accounting principles, and that our receipts and expenditures are being
made only in accordance with authorizations of our management and
directors; and-
provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of our assets that could have
a material effect on our consolidated financial
statements.  Because of its
inherent limitations, internal control over financial reporting cannot provide
absolute assurance of the prevention or detection of misstatements. In addition,
projections of any evaluation of effectiveness to future periods are subject to
risk that controls may become inadequate because of changes in conditions, or
that the degree of compliance with the policies or procedures may
deteriorate.  In connection with
the preparation of this Annual Report on Form 10-K for the year ended March 31,
2009, management, with the participation of our Chief Executive Officer and
Principal Financial Officer, has evaluated the effectiveness of our internal
controls over financial reporting, pursuant to Rule 13a-15 under the Exchange
Act. Management conducted its evaluation of the Companys internal control over
financial reporting based on the framework in Internal Control  Integrated
Framework,issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO).  Based on that evaluation, our Chief
Executive Officer and Chief Financial Officer has concluded that the design and
operation of our internal controls and procedures were not effective as of March
31, 2009, for the reasons disclosed above. There were no significant changes in
our internal controls over financial reporting that occurred during the fourth
fiscal quarter that have materially affected, or are reasonably likely to
materially affect, our internal controls over financial reporting.  This Annual Report on
Form 10-K does not include an attestation report of the Companys independent
registered public accounting firm regarding internal control over financial
reporting. Managements report was not subject to attestation by our registered
public accounting firm pursuant to temporary rules of the Securities and
Exchange Commission that permit us to provide only managements report in this
Annual Report on Form 10-K.  Item 9B. Other
Information  None.    PART III  Item 10.
Directors, Executive Officers and Corporate Governance.  The following table
sets forth certain information regarding each person who is a Director or
Executive Officer of the Company.  Name
Age
PositionRobert
Kanaat
32
Chairman of the
Board, President, Chief Executive Officer  Robert Kanaat is
Chairman of the Board, President and Chief Executive Officer of the Company
since its inception.  Mr. Kanaat earned a Bachelor of Arts degree in
Political Science (2000) from New York University's College of Arts and
Sciences.  Mr. Kanaat began his entrepreneurial activities in 2001 when he
founded iSculptors, Inc., a firm specializing in interactive Web design
services, developing feature-rich websites and web applications with Active
Server Pages (ASP), Macromedia Flash, Databases, and other Web-based
technologies.  In 2004, Mr. Kanaat was the co-founder and CEO of Elemental
Software, Inc., a Los Angeles-based Internet technology company which developed
proprietary Web-based Shopping Cart software which was marketed within North
America.  Mr. Kanaat created all of the product and service offerings and
assisted in recruiting talented personnel at important stages in the development
of the business.  Since May 2007, Mr. Kanaat has been the founder and
President of TenantWIZ Software Corp. which is the proprietary developer of a
web-based Vacation Rental software system, Tenantwiz.com.  Legal
Proceedings.  During the past five
years, none of our Directors or Officers has been a party to any bankruptcy
proceeding; has been convicted in a criminal proceeding; is subject to any
order, judgment or decree 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; and been found by a
court of competent jurisdiction, the Commission or the Commodity Futures Trading
Commission to have violated a federal or state securities or commodities
law.  Compliance with
Section 16(a) of the Exchange Act  Because we do not
have a class of equity securities registered pursuant to Section 12 of the
Exchange Act, our executive officers, directors and persons who beneficially own
more than 10% of our common stock are not required to file initial reports of
ownership and reports of changes in ownership with the SEC under Section 16(a)
of the Exchange Act.  Code of
Ethics  As of the date of
this Annual Report, we have not adopted a corporate code of ethics.    Audit
Committee The Company does not
currently have a separate audit committee.  All of the members of the Board
of Directors currently serve as the audit committee.  None of the Directors
qualify as a financial expert.  Item 11. Executive
Compensation.  (a)
No Officer or Director of the Company is receiving any remuneration at this
time. (b) There are no
annuity, pension or retirement benefits proposed to be paid to officers,
directors, or employees of the corporation in the event of retirement at normal
retirement date pursuant to any presently existing plan provided or contributed
to by the corporation or any of its subsidiaries.  (c) No remuneration
is proposed to be paid in the future directly or indirectly by the corporation
to any officer or director under any plan which presently exists. There are no
plans to increase the number of employees significantly over the next twelve
months.  Following is the
Summary Compensation table showing compensation of officers for the period from
inception (March 26, 2008) through March 31, 2008, and for the year ended March
31, 2009.  SUMMARY COMPENSATION
TABLEName and principal position (a)
Year (b)
Salary ($) (c)
Bonus ($)(d)
Stock Awards ($)(e)
Option Awards ($)(f)
Non-Equity Incentive Plan Compensation
($)(g)
Nonqualified Deferred Compensation Earnings ($)
(h)
All Other Compensation ($)(i)
Total ($) (j)Robert Kanaat
2009
$ 0
$ 0
$ 0
$ 0
$ 0
$ 0
$ 0
$ 0  Director
Compensation Members of the
Companys Board of Directors do not receive compensation, as such, at this time.
Following is the Summary Compensation table showing compensation directors for
the period from inception (March 26, 2008) through March 31, 2008, and for the
year ended March 31, 2009.  DIRECTOR COMPENSATIONName (a)
Fees Earned orPaid in Cash ($)
(b)
Stock Awards ($) (c)
Option Awards ($)(d)
Non-Equity Incentive Plan
Compensation($)(e)
Change in Pension Value and
Nonqualified Deferred Compensation Earnings
($)(f)
All Other Compensation
($)(g)
Total ($) (j)    Robert Kanaat
0
0
0
0
0
0
0   Stock Option
Grants As of the date of
this Annual Report the Company has not granted any stock options  Employment
Agreements We do not have any
employment or consultant agreements with our officers and directors.  Item 12. Security
Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters.  The following table
sets forth certain information regarding beneficial ownership of the Common
Stock as of March 31, 2009, hereby (i) by each person who is known by the
Company to beneficially own more than five percent of the Common Stock, (ii) by
each of the Company's Directors, (iii) by each of the Named Executive Officers
and (iv) by all Executive Officers and Directors as a group.  Except as
otherwise indicated, the persons named in the table have sole voting and
investment power with respect to all shares beneficially owned, subject to
community property laws where applicable.  Name of
Beneficial Owner of Common Shares
Address
of Beneficial Owner of common Shares
Number
of Common Shares Owned
Percentage of
Issued and Outstanding Common SharesRobert Kanaat,
Chairman of the Board, CEO
17022
Calahan StNorthridge, CA 91325
2,750,000
27.5%Officers and
Directors as a Group (1)

2,750,000
27.5%   Item 13. Certain
Relationships and Related Transactions, and Director Independence As of the date of
this Report, no transactions with related persons, promoters and certain control
persons have been entered into by the Company.  Item 14. Principal
Accounting Fees and Services.  Audit Fees:
All fees billed for each of the last two fiscal years for professional services
rendered by the principal accountant for the audit of the registrant's annual
financial statements and the review of financial statements included in the
registrant's Form 10-QSB or services that are normally provided by the
accountant in connection with statutory and regulatory filings or engagements
for those fiscal years.  2008: $2,800 2009: $9,500    Audit-Related
Fees: All fees billed in each of the last two fiscal years for assurance and
related services by the principal accountant that are reasonably related to the
performance of the audit or review of the registrant's financial statements and
are not reported under Item 9(e)(f1) of Schedule 14A.  2008: $
0 2009: $
0  Tax Fees: The
aggregate fees billed in each of the last two fiscal years for professional
services rendered by the principal accountant for tax compliance, tax advice,
and tax planning:  2008: $
0 Nature
of Services: None (see note below) 2009: $
0 Nature
of Services:  Preparation of the
Companys corporate tax return for the fiscal year ended March 31, 2009 is
currently underway.  All Other
Fees:  2008: $
0 2009: $
0   PART IV  Item 15. Exhibits,
Financial Statement Schedules.  The following
exhibits are included with this filing:  Exhibit Number Description  3.1 Articles
of Incorporation (1) 3.2  Bylaws
(1) 31.1 Rule
13a-14(a)/15d-14(a) Certification 32.1 Section
1350 Certification  (1) Filed
with the Securities and Exchange Commission on June 24, 2008, as an exhibit
numbered as indicated above, to the Registrants registration statement on Form
S-1 (file no. 333-151867), which exhibit is incorporated herein by
reference.  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.  jetPADS,
Inc.  [jetpadsmar0910kfinalclean003.gif] By: Robert
Kanaat Chairman
of the Board, Chief Executive Officer, Principal
Financial Officer, Principal
Accounting Officer