UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
DC 20549





**FORM
10-QSB**





[X]
    Quarterly
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934For
      the quarterly period ended:March
      31, 2005[
      ]
    Transition
      Report pursuant to 13 or 15(d) of the Securities Exchange Act of
      1934For
      the transition period ___________ to__________Commission
      File Number:000-50317





Cash 4
Homes 247


(Exact
name of small Business Issuer as specified in its charter)





Nevada
    95-4558335(State
      or other jurisdiction of
      incorporation
      or organization)
    (IRS
      Employer Identification No.)





6767
      West Tropicana Avenue, Suite 204
      Las
      Vegas,
      Nevada
    89103(Address
      of principal executive offices)
    (Zip
      Code)





(702)
      355-3103Issuer’s
      telephone number, including area code:





Not
Applicable


(Former
name, former address and former fiscal year,


if
changed since last report)





Check
whether the issuer (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 issuer was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days [X] Yes [
] No





State the
number of shares outstanding of each of the issuer’s classes of common stock, as
of the latest practicable date: 166,116,662 shares of common stock as March 31,
2005.





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








Table of Contents











**TABLE OF CONTENTS**
    **Page**PART
      I - FINANCIAL INFORMATIONItem
      1:
    Financial Statements
    3Item
      2:
    Plan of Operation
    4Item
      3:
    Controls and Procedures
    6PART
      II - OTHER INFORMATIONItem
      1:
    Legal Proceedings
    7Item
      2:
    Unregistered Sales of Equity Securities and Use of
      Proceeds
    7Item
      3:
    Defaults Upon Senior Securities
    7Item
      4:
    Submission of Matters to a Vote of Security
      Holders
    7Item
      5:
    Other Information
    7Item
      6:
    Exhibits
    7





2
 Table of Contents





**PART
1 - FINANCIAL INFORMATION**





**Item
1.** **Financial
Statements**





Our
unaudited financial statements included in this Form 10-QSB are as
follows:





(a)
    Condensed
      Balance Sheet as of March 31, 2005.


(b)
    Condensed
      Statements of Operations for the three month months ended March 31, 2005
      and 2004 with Cumulative Totals Since Inception;


(c)
    Condensed
      Statements of Cash Flow for the three months ended March 31, 2005 and 2004
      with Cumulative Totals Since Inception;


(d)
    Notes
      to Condensed Financial Statements.





These
unaudited financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America for interim
financial information and the SEC instructions to Form 10-QSB. In the opinion of
management, all adjustments considered necessary for a fair presentation have
been included. Operating results for the interim period ended March 31, 2005 are
not necessarily indicative of the results that can be expected for the full
year.














3
 Table of Contents














**ASSET**Current
      AssetCash
      and cash equivalents
    
    $
    -Total
      Current Asset
    
    
    -**TOTAL
      ASSET**
    
    $
    -**LIABILITY
      AND STOCKHOLDERS' (DEFICIT)****LIABILITY**Current
      LiabilityAccounts
      payable and accrued expenses
    
    $
    38,225Total
      Current Liability
    
    
    38,225**Total
      Liability**
    
    
    38,225**STOCKHOLDERS'
      (DEFICIT)******Preferred
      stock, par value $.0001, 10,000,000 shares authorized and10,000,000
      shares issued and outstanding
    
    
    1,000Common
      stock, par value $.0001, 490,000,000 shares authorized and166,116,662
      shares issued and outstanding
    
    
    16,612Additional
      paid-in-capital
    
    
    4,789,666Deficit
      accumulated during the development stage
    
    
    (4,845,503
    )**Total
      Stockholders' (Deficit)**
    
    
    (38,225
    )**TOTAL
      LIABILITY AND STOCKHOLDERS' (DEFICIT)**
    
    $
    -








F -
1
 Table of Contents







**THREE
      MONTHS ENDED**
    
    
    
    **Cumulative
      Totals****MARCH
      31,**
    
    
    
    **May
      17, 1996****2005**
    
    **2004**
    
    **to
      March 31, 2005****INCOME**
    
    $
    -
    
    $
    -
    
    $
    -**OPERATING
      EXPENSES**Administrative
      expenses
    
    
    -
    
    
    -
    
    
    5,508TV
      programming
    
    
    -
    
    
    -
    
    
    800Consulting
    
    
    -
    
    
    -
    
    
    2,001,000Service
      fees
    
    
    -
    
    
    -
    
    
    6,195Professional
      fees
    
    
    3,500
    
    
    -
    
    
    32,000**Total
      Operating Expenses**
    
    
    3,500
    
    
    -
    
    
    2,045,503**OTHER
      (EXPENSE)**Unrealized
      loss on investment
    
    
    -
    
    
    -
    
    
    (2,800,000
    )**Total
      other (expense)**
    
    
    -
    
    
    -
    
    
    (2,800,000
    )**NET
      LOSS APPLICABLE TO COMMON SHARES**
    
    $
    (3,500
    )
    $
    -
    
    $
    (4,845,503
    )**NET
      LOSS PER BASIC AND DILUTED SHARES**
    
    $
    -
    
    $
    -**WEIGHTED
      AVERAGE NUMBER OF COMMON****SHARES
      OUTSTANDING**
    
    
    166,116,662
    
    
    166,116,662









F -
2
 Table of Contents


****


**CASH 4 HOMES 247
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND
2004 (UNAUDITED)
(WITH CUMULATIVE TOTALS SINCE
INCEPTION)**


****


**Cumulative
      Totals****May
      17, 1996****2005**
    
    **2004**
    
    **to
      March 31, 2005****CASH
      FLOWS FROM OPERATING ACTIVITIES**Net
      loss
    
    $
    (3,500
    )
    $
    -
    
    $
    (4,845,503
    )Adjustments
      to reconcile net loss to net cash(used
      in) operating activitiesStock
      issued for services
    
    
    -
    
    
    -
    
    
    2,004,778Unrealized
      loss on investment
    
    
    -
    
    
    -
    
    
    2,800,000**Changes
      in assets and liabilities**Increase
      in accounts payable andaccrued
      expenses
    
    
    3,500
    
    
    -
    
    
    38,225Total
      adjustments
    
    
    -
    
    
    -
    
    
    4,843,003**Net
      cash (used in) operating activities**
    
    
    -
    
    
    -
    
    
    (2,500
    )**CASH
      FLOWS FROM FINANCING ACTIVITES**Sale
      of common stock
    
    
    -
    
    
    -
    
    
    2,500**Net
      cash provided by financing activities**
    
    
    -
    
    
    -
    
    
    2,500**NET
      INCREASE (DECREASE) IN****CASH
      AND CASH EQUIVALENTS**
    
    
    -
    
    
    -
    
    
    -**CASH
      AND CASH EQUIVALENTS -****BEGINNING
      OF PERIOD**
    
    
    -
    
    
    -
    
    
    -**CASH
      AND CASH EQUIVALENTS - END OF PERIOD**
    
    $
    -
    
    $
    -
    
    $
    -**SUPPLEMENTAL
      DISCLOSURE OF NONCASH****INFORMATION:******Shares issued for services
    
    $
    -
    
    $
    -
    
    $
    2,004,778Shares
      issued for acquisition
    
    $
    -
    
    $
    -
    
    $
    2,800,000





****


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


****


F -
3
 Table of Contents
 ********
 **CASH
4 HOMES 247**


**(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 **NOTE
      1**
    **- 
       ORGANIZATION AND BASIS OF
    PRESENTATION**
 
 The
condensed unaudited interim financial statements included herein have been
prepared, without audit, pursuant to the rules and regulations of the Securities
and Exchange Commission (“SEC”). The condensed financial statements and notes
are presented as permitted on Form 10-QSB and do not contain information
included in the Company’s annual statements and notes. Certain information and
footnote disclosures normally included in financial statements prepared in
accordance with accounting principles generally accepted in the United States of
America have been condensed or omitted pursuant to such rules and regulations,
although the Company believes that the disclosures are adequate to make the
information presented not misleading. It is suggested that these condensed
financial statements be read in conjunction with the December 31, 2004 audited
financial statements and the accompanying notes thereto. While management
believes the procedures followed in preparing these condensed financial
statements are reasonable, the accuracy of the amounts are in some respects
dependent upon the facts that will exist, and procedures that will be
accomplished by the Company later in the year.
 
 These
condensed unaudited financial statements reflect all adjustments, including
normal recurring adjustments which, in the opinion of management, are necessary
to present fairly the operations and cash flows for the periods
presented.
 
 The
Company was incorporated as Overtime, Ltd. on May 17, 1996, under laws of the
State of Nevada. Later the Company was named Callwriter, Inc. On November 10,
1999, the Company changed its name to American Broadsports. On November 29,
1999, the Company changed its name to Sierra Pacific Gypsum Corporation. On June
15, 2000, the Company changed its name to Sanitec Holdings USA. On November 29,
2000, the Company changed its name to Co-Media, Inc. On June 27, 2001, the
Company changed its name to Select, Inc. and then changed it back to Co-Media,
Inc. on October 22, 2001. On January 7, 2002, the Company changed its name to
The Jarvis Group, Inc. On May 7, 2003, the Company changed its name to Cash 4
Homes 247.
 
 The
business purpose of the Company is to franchise nationally a system for
acquiring and marketing real estate properties owned by motivated
sellers.
 
 
 
 
 
 F -
4
 Table of Contents
 
 **CASH
4 HOMES 247**
 **(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 NOTE
2-SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES
 
 Development
Stage Company
 
 The
Company is considered to be in the development stage as defined in Statement of
Financial Accounting Standards (SFAS) No. 7, “ *Accounting
and Reporting by Development Stage Enterprises.* ” The
Company is devoting substantially all of its efforts to developing the marketing
of the real estate properties.
 
 Use of
Estimates
 
 The
preparation of condensed financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the amounts reported in
the condensed consolidated financial statements and accompanying notes. Actual
results could differ from those estimates.
 
 Cash
and Cash Equivalents
 
 Cash and
cash equivalents consists principally of currency on hand, demand deposits at
commercial banks, and liquid investment funds having a maturity of three months
or less at the time of purchase. There are no cash equivalents as of March 31,
2005 and 2004.
 
 Start-up
Costs
 
 In
accordance with the American Institute of Certified Public Accountants Statement
of Position 98-5, “ *Reporting
on the Costs of Start-up Activities* ”, the
Company expenses all costs incurred in connection with the start-up and
organization of the Company.
 
 Common
Stock Issued For Other Than Cash
 
 Services
purchased and other transactions settled in the Company's common stock are
recorded at the estimated fair value of the stock issued if that value is more
readily determinable than the fair value of the consideration
received.
 
 
 
 
  F -
5
 Table of Contents
 
 **CASH
4 HOMES 247**
 **(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 NOTE
2-SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES
 **(CONTINUED)**
 
 Net
(Loss) Per Share of Common Stock
 
 The
following table sets forth the computation of basic and diluted earnings
per
 share:
   Three
      Months EndedMarch
      31,2005
    
    2004Net
      loss
    
    $
    (3,500
    )
    $
    -Weighted
      average common sharesoutstanding
      (Basic)
    
    
    166,116,662
    
    
    166,116,662Options
    
    
    -
    
    
    -Warrants
    
    
    -
    
    
    -Weighted
      average common sharesoutstanding
      (Diluted)
    
    
    166,116,662
    
    
    166,116,662
 All
dilutive securities were not included in the calculation of dilutive earnings
per share because the effect would be anti-dilutive when the Company has
incurred a loss from operations. The Company currently has no potentially
dilutive securities outstanding.
  Stock-Based
Compensation
 
 The
Company has adopted the disclosure provisions of Statement of Financial
Accounting Standards No. 123, “ *Accounting
for Stock-Based Compensation* ” ("SFAS
No. 123"). SFAS No. 123 permits the Company to continue accounting for
stock-based compensation as set forth in Accounting Principles Board Opinion No.
25, “ *Accounting
for Stock Issued to Employees* ” ("APB
Opinion No. 25"), provided the Company discloses the pro forma effect on net
income and earnings per share of adopting the full provisions of SFAS No. 123.
Accordingly, the Company continues to account for stock-based compensation under
APB Opinion No. 25 and has provided the required pro forma
disclosures.
 
 
 
 F -
6
 Table of Contents
 
 **CASH
4 HOMES 247**
 **(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 NOTE
2-SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES
 **(CONTINUED)**
 
 Recent
Accounting Pronouncements
 
 In June
2001, the Financial Accounting Standards Board (“FASB”) issued Statement of
Financial Accounting Standards No. 141, “ *Business
Combinations* ,” which
eliminated the pooling of interest method of accounting for all business
combinations initiated after June 30, 2001 and addresses the initial recognition
and measurement of goodwill and other intangible assets acquired in a business
combination. The Company adopted this accounting standard for business
combinations initiated after June 30, 2001.
 
 The
Company adopted SFAS 142, “ *Goodwill
and Other Intangible Assets* ,”
effective July 1, 2001. SFAS 142 addresses the financial and accounting and
reporting standards for the acquisition of intangible assets outside of a
business combination and for goodwill (of which the Company has not recognized
such intangible asset) and other intangible assets subsequent to their
acquisition. This accounting standard requires that goodwill be separately
disclosed from other intangible assets in the statement of financial position,
and no longer be amortized but tested for impairment on a periodic basis. The
provisions of this accounting standard also require the completion of a
transitional impairment test within six months of adoption, with any impairments
identified treated as a cumulative effect of a change in accounting
principle.
 
 In August
2002, the FASB issued SFAS No. 144, “ *Accounting
for the Impairment or Disposal of Long-Lived Assets* ,” which
supersedes SFAS No. 121 and provides a single accounting model for long-lived
assets to be disposed of. The new rules significantly change what would have to
be met to classify an asset as held for sale. In addition, more dispositions
will qualify for discontinued operations treatment in the income statement as
the criteria for discontinued operation presentation is changed to a component
of the business rather than a segment of the business. The Company is required
to apply SFAS No. 144 as of October 1, 2003.
 
 In April
2002, the FASB issued SFAS No. 145, “ *Rescission
of FASB Statements No. 4, 44 and 64, Amendment of FASB Statement No. 13, and
Technical Corrections* ”. This
statement rescinds SFAS No. 4, Reporting Gains and Losses from Extinguishment of
Debt, and an amendment of that statement, SFAS No. 44, Accounting for Intangible
Assets of Motor Carriers, and SFAS No. 64, Extinguishments of Debt Made to
Satisfy Sinking-Fund Requirements. This statement amends SFAS No. 13, Accounting
for Leases, to eliminate inconsistencies between the required accounting for
sales-leaseback transactions and the
required accounting for certain lease modifications that have economic effects
that are similar to sales-leaseback transactions.
   F -
7
 Table of Contents
 
 **CASH
4 HOMES 247**
 **(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 NOTE
2-SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES
 **(CONTINUED)**
 
 Recent
Accounting Pronouncements (Continued)
 
 Also,
this statement amends other existing authoritative pronouncements to make
various technical corrections, clarify meanings, or describe their applicability
under changed conditions. Provisions of SFAS No. 145 related to the rescissions
of SFAS No. 4 were effective for the Company on November 1, 2002 and provisions
affecting SFAS No. 13 were effective for transactions occurring after May 15,
2002. The adoption of SFAS No. 145 did not have a significant impact on the
Company's results of operations or financial position.
 
 In June
2002, the FASB issued SFAS No. 146, “ *Accounting
for Costs Associated with Exit or Disposal Activities* ”. The
statement addresses financial accounting and reporting for costs associated with
exit or disposal activities and requires that a liability for a cost associated
with an exit or disposal activity be recognized at fair value when the liability
is incurred, rather than at the date of an entity’s commitment to an exit plan.
The provisions of SFAS No. 146 are effective for exit or disposal activities
that are initiated after December 31, 2002, with early application encouraged.
The adoption of SFAS No. 146 did not have a significant impact on the Company's
results of operations or financial position.
 
 In
December 2002, the FASB issued Statement No. 148, “ *Accounting
for Stock-Based Compensation-Transition and Disclosure, an amendment of FASB
Statement No. 123* ”(“SFAS
148”). SFAS 148 amends FASB Statement No. 123, “ *Accounting
for Stock-Based Compensation* ,” to
provide alternative methods of transition for an entity that voluntarily changes
to the fair value based method of accounting for stock-based employee
compensation. It also amends the disclosure provisions of that Statement to
require prominent disclosure about the effects on reported net income of an
entity’s accounting policy decisions with respect to stock-based employee
compensation. Finally, this Statement amends Accounting Principles Board (“APB”)
Opinion No. 28, “ *Interim
Financial Reporting* ”, to
require disclosure about those effects in interim financial information. SFAS
148 is effective for financial statements for fiscal years ending after December
15, 2002. The Company will continue to account for stock-based employee
compensation using the intrinsic value method of APB Opinion No. 25,
“ *Accounting
for Stock Issued to Employees* ,” but
has adopted the enhanced disclosure requirements of SFAS 148.
 
 
 
 F -
8
 Table of Contents
 
 **CASH
4 HOMES 247**
 **(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 
 NOTE
2-SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES
 **(CONTINUED)**
 
 Recent
Accounting Pronouncements (Continued)
 
 On
December 16, 2004, the Financial Accounting Standards Board (“FASB”) published
Statement of Financial Accounting Standards No. 123 (Revised 2004),
 Share-Based
Payment (“SFAS 123R”). SFAS 123R requires that compensation cost related to
share-based payment transactions within the scope of SFAS 123R include stock
options, restricted stock plans, performance-based awards, stock appreciation
rights, and employee share purchase plans. The provisions of SFAS 123R are
effective for small business issuers as of the first interim period that begins
after December 15, 2005. Accordingly, the Company will implement the revised
standard in the fourth quarter of fiscal year 2005. Currently, the company
accounts for its share-based payment transactions under the provision of APB 25,
which does not necessarily require the recognition of compensation cost in the
financial statements. Management is assessing the implications of this revised
standard, which may materially impact the Company’s results of operations in the
fourth quarter of fiscal year 2005 and thereafter.
 
 
 NOTE
3-PROVISION
FOR INCOME TAXES
 
 The
Company accounts for income taxes using the liability method. At March 31, 2005
and 2004, net deferred tax assets consist of the following:
 2005
    
    2004Net
      deferred tax assets
    
    
    1,453,650
    
    
    1,445,842Less:
      valuation allowance
    
    
    (1,453,650
    )
    
    (1,445,842
    )Net
      deferred tax assets
    
    
    -
    
    
    -
 Net
operating losses totaling approximately $4,845,500 are currently available and
begin to expire in 2021.
 
 A
valuation allowance has been provided for the entire deferred tax asset amount
until such time that the Company demonstrates the ability to produce taxable
income.
 
 
 F -
9
 Table of Contents
 
 **CASH
4 HOMES 247**
 **(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 
 NOTE
4-STOCKHOLDERS’
DEFICIT
 ****
 **Common Stock**
 
 As of
March 31, 2005, the Company has 490,000,000 shares of common stock authorized
and 166,116,662 shares issued and outstanding.
 
 The
Company has amended their Articles of Incorporation at various times amending
the authorized share level and par value. As stated the current authorized level
is 490,000,000 common shares with a par value of $.0001.
 
 The
following details the stock transactions for since inception:
  
 In May
1996, the Company issued 25,000 shares of common stock for $2,500 at a value of
$.10 per share.
 
 The
Company on November 10, 1998 had a 100 for 1 stock split. On November 15, 1999,
the Company had a 3 for 1 stock split.
 
 In the
second quarter of 2000, the Company issued 4,675,000 shares of common stock for
services rendered at a value of $.0001 per share, the then fair value of the
common stock at the date of issuance.
 
 In the
second quarter of 2001, the Company issued 5,665,176 shares of common stock for
services rendered at a value of $.0001 per share, the then fair value of the
common stock at the date of issuance.
 
 On
November 5, 2001, the Company reverse split its common stock 1 for 20. On
November 5 , 2001, the Company also issued 8,000,000 shares of common stock for
services at a value of $.0001 per share for a value of $800, the then fair value
of the stock at the time of issuance.
 
 On
January 8, 2002, the Company split its common stock 3 for 1.
 
 On May
17, 2002, the Company issued 19,440,611 shares of common stock for equipment.
The shares were valued at $.0001 per share for a value of $1,944, the then fair
value of the stock at the time of issuance. Subsequent to the issuance, the
equipment was deemed to be worthless, and the Company impaired the equipment to
$0.
 
 
 
 F -
10
 Table of Contents
 
 **CASH
4 HOMES 247**
 **(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 
 NOTE
4-STOCKHOLDERS’
DEFICIT(CONTINUED)
 
 On May 7,
2003, the Company issued 70,000,000 shares of common stock in exchange for 100%
of the outstanding shares of Vu Buy Properties, Inc. The value of these shares
were $.04 per share for a value of $2,800,000, the then current fair value of
the shares at the time of acquisition. On June 25, 2003, the Company exchanged
100% of the stock it acquired in the Vu Buy Properties, Inc. transaction, for
1,000 shares of common stock of Univa Estates, Inc., a private company, and
entered into an agreement with Univa to provide funding to develop franchise
agreements, marketing materials, and business plans for the sale of Vu Buy
franchises. The Univa stock was valued at the cost basis, and subsequently
written down to $0. This is reflected as an unrealized loss on the condensed
statements of operations for the year ended December 31, 2003.
 
 Additionally,
on May 7, 2003 the Company issued 50,000,000 shares of common stock for
consulting services valued at $.04 per share for a value of $2,000,000, the then
fair value of the stock at the time of issuance.
 
 Preferred
Stock
 
 The
Company on May 7, 2003, authorized the issuance of 10,000,000 shares of
convertible preferred stock with a par value of $.0001.
 
 These
shares are convertible into common stock at a 5 for 1 ratio. All 10,000,000
shares were issued on May 7, 2003 for services. The value of these shares were
par value, $1,000.
 
 
 
 F -
11
 Table of Contents
 
 **CASH
4 HOMES 247**
 **(A
DEVELOPMENT STAGE COMPANY)**
 **NOTES
TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)**
 **MARCH
31, 2005 AND 2004 (UNAUDITED)**
 
 
 NOTE
5-GOING
CONCERN
 
 The
accompanying condensed financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America,
which contemplates continuation of the Company as a going concern. The Company
has had recurring operating deficits in the past few years and has large
accumulated deficits and is in the development stage and has no recurring
revenues. These items raise substantial doubt about the Company’s ability to
continue as a going concern.
 
 In view
of these matters, realization of the assets of the Company is dependent upon the
Company’s ability to meet its financial requirements and the success of future
operations. These condensed financial statements do not include adjustments
relating to the recoverability and classification of recorded asset amounts and
classification of liabilities that might be necessary should the Company be
unable to continue in existence.
 
 The
Company’s continued existence is dependent upon its ability to generate
sufficient cash flows from equity financing.








F -
12
 Table of Contents


****


**Item 2.      Plan of
Operations**





**Forward-Looking
Statements**





Historical
results and trends should not be taken as indicative of future operations.
Management’s statements contained in this report that are not historical facts
are 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. Actual results may differ materially from those
included in the forward-looking statements. The Company intends such
forward-looking statements to be covered by the safe-harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995, and is including this statement for purposes of complying with
those safe-harbor provisions. Forward-looking statements, which are based on
certain assumptions and describe future plans, strategies and expectations of
the Company, are generally identifiable by use of the words “believe,”
“expect,” “intend,” “anticipate,” “estimate,” “project,” “prospects,” or similar
expressions. The Company’s ability to predict results or the actual effect of
future plans or strategies is inherently uncertain. Factors which could have a
material adverse affect on the operations and future prospects of the Company on
a consolidated basis include, but are not limited to: changes in economic
conditions generally and the real estate industry , legislative/regulatory
changes, availability of capital, interest rates, competition, and generally
accepted accounting principles. These risks and uncertainties should be
considered in evaluating forward-looking statements and undue reliance should
not be placed on such statements. Further information concerning the Company and
its business, including additional factors that could materially affect the
Company’s financial results, is included herein and in the Company’s other
filings with the Securities and Exchange Commission.





**Overview**





The
Company was incorporated as Overtime, Ltd. on May 17, 1996, under laws of the
State of Nevada. Later the Company was named Callwriter, Inc. On November 10,
1999, the Company changed its name to American Broadsports. On November 29,
1999, the Company changed its name to Sierra Pacific Gypsum Corporation. On June
15, 2000, the Company changed its name to Sanitec Holdings USA. On November 29,
2000, the Company changed its name to Co-Media, Inc. On June 27, 2001, the
Company changed its name to Select, Inc. and then changed it back to Co-Media,
Inc. on October 22, 2001. On January 7, 2002, the Company changed its name to
The Jarvis Group, Inc. On May 7, 2003, the Company changed its name to Cash 4
Homes 247.





The
business purpose of the Company is to franchise nationally a system for
acquiring and marketing real estate properties owned by motivated
sellers.





**Plan
of Operation**





We
currently have no business activities. Due to our inability to secure funding,
we were unable to implement our business plan. Since this time, we have
attempted to identify and evaluate other businesses and technology opportunities
in order to proceed with an active business operation. At the present time, we
have not identified any other business and/or technology opportunities that our
management believes are consistent with the best interest of the company. Given
our lack of success in generating any discussions, we plan to retain a
consultant to assist us identifying additional business and/or technology for
acquisition, but have not retained a consultant at the present time. Our plan of
operations is to continue our attempts to identify and evaluate other business
and technology opportunities in order to proceed with an active business
operation.





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We
currently have forecasted the expenditure of approximately $20,000 during the
next twelve months in order to remain in compliance with the Securities Exchange
Act of 1934, retain a consultant, and to identify additional business and/or
technology for acquisition. We can provide no assurance that we will be
successful in acquiring other businesses or technology due to our limited
working capital. We anticipate that if we are successfully able to identify any
technology or business for acquisition, we will require additional financing in
order for us to complete the acquisition. We can provide no assurance that we
will receive additional financing if sought.





We do not
anticipate purchasing any real property or significant equipment in the next
twelve months.





At the
present time, we have no employees other than our sole officer and director, Mr.
Gordon Forgey. We do not anticipate hiring any employees until such time as we
are able to acquire any additional businesses and/or technology.





Assets





As of
March 31, 2005, we have no assets and cash at hand.





Liabilities
and Stockholders’ Deficit





Our total
liabilities as of March 31, 2005 were $38,225. On March 31, 2005 our liabilities
consisted of accounts payable and accrued expenses in the amount of
$38,225.





As of
March 31, 2005, there was a Stockholders’ deficit of $38,225.





Results
of Operations





We have
not earned any revenues from inception through the period ending March 31, 2005.
As a result, we did not earn any revenue during the three months ended March 31,
2005 or 2004.





We
incurred operating expenses in the amount of $3,500 for the three months ended
March 31, 2005, compared to operating expenses of $0 for the three months ended
March 31, 2004. Our operating expenses for the three months ended March 31, 2005
were entirely attributable to professional fees. The significant increase in our
expenses in primarily attributable to accounting fees incurred in connection
with bringing our disclosure current.





We have
incurred a net loss of $3,500 for the three month period ended March 31, 2005,
compared to $0 for the three month period ended March 31, 2004. Our losses for
the three months ended March 31, 2005 and 2004 are entirely attributable to
accounting fees.





Liquidity
and Capital Resources





As of
March 31, 2005, we had cash in the amount of $0. We had a working capital
deficit of $38,225 on March 31, 2005. As a result, we had insufficient capital
to complete our business plan in the event that a suitable business or
technology was identified.





We
anticipate that we will require additional financing to enable us to complete
our business plan. However, we can provide no assurance that if we pursue
additional financing we will receive any financing.





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We have
not attained profitable operations and are dependent upon obtaining financing to
complete an acquisition of another business or technology. We can provide no
assurance that we will receive any additional financing. For these reasons, our
auditors have stated in their report that they have substantial doubt about our
ability to continue as a going concern.





Going
Concern





Our
independent auditors have stated in their Auditor’s Report included in our
annual report on Form 10-KSB that we have incurred operating losses, accumulated
deficit, and negative cash flow from operations. From our inception to March 31,
2005, we incurred cumulative losses of approximately $4,845,503. Our ability to
raise capital through future issuances of common stock is unknown. Our future is
dependent on our ability to obtain financing and develop new business
opportunities into profitable operations.





These
factors, among others, raise substantial doubt about our ability to continue as
a going concern. Our
consolidated financial statements do not include any adjustments that may result
from the outcome of these aforementioned uncertainties.





Off
Balance Sheet Arrangements





As of
March 31, 2005, there were no off balance sheet arrangements.





**Item 3.     Controlsand Procedures**





We
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of March 31, 2005. This evaluation was carried out
under the supervision and with the participation of our Chief Executive Officer
and Chief Financial Officer, Mr. Gordon Forgey. Based upon that evaluation, our
Chief Executive Officer and Chief Financial Officer concluded that our
disclosure controls and procedures are effective. There have been no significant
changes in our internal controls or in other factors, which could significantly
affect internal controls subsequent to the date we carried out our
evaluation.





Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act are recorded, processed, summarized and
reported, within the time periods specified in the Securities and Exchange
Commission's rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed in our reports filed under the Exchange Act are
accumulated and communicated to management, including our Chief Executive
Officer and Chief Financial Officer, to allow timely decisions regarding
required disclosure.








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**PART
II - Other Information**





**Item 1.     Legal
Proceedings**





None.





**Item 2.  Unregistered Sales of Equity
Securities and Use of Proceeds**





None.





**Item 3.     Defaultsupon Senior
Securities**





None.





**Item 4.     Submissionof Matters to a
Vote of Security Holders**





None.





**Item 5.     OtherInformation**





None.





**Item 6.      Exhibits**





**Exhibit
      Number**
    **Description
      of Exhibit****31.1**
    Certification of Chief Executive Officer pursuant to
      18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002**31.2**
    Certification of Chief Financial Officer pursuant to
      18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002**32.1**
    Certification of Chief Executive Officer pursuant to
      18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002











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**SIGNATURES**





In
accordance with the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.





**CASH
      4 HOMES 247**Date:
    May
      23, 2005By:/s/
      Gordon
      Forgey
      Gordon
      Forgey
      Title:**Chief
      Executive Officer**
      **and
      Chief Financial Officer**







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