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


                                   FORM 10-Q/A
                               (Amendment No. 1)


(Mark One)

/X/  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2008

                                        OR

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


                  FOR THE TRANSITION FROM _______ TO ________.


                        COMMISSION FILE NUMBER: 000-28867


                            LAS PALMAS MOBILE ESTATES
        _________________________________________________________________
        (Exact Name of Small Business Issuer as Specified in its Charter)


            NEVADA                                               88-0409170
_______________________________                              ___________________
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)


     44489 Town Center Way, #D-234
        Palm Desert, California                                       92260-2789
________________________________________                              __________
(Address of principal executive offices)                              (Zip code)


                   Issuer's telephone number: (702) 248-1027


                                       N/A
              ____________________________________________________
              (Former name, former address and former fiscal year,
                         if changed since last report.)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes /X/ No / /

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
definitions  of "large  accelerated  filer,"  "accelerated  filer" and  "smaller
reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

________________________________________________________________________________

                                           Non-accelerated filer        Smaller
Large accelerated                        (Do not check if a smaller    reporting
      filer          Accelerated filer       reporting company)         company
       [ ]                  [ ]                     [ ]                   [X]
________________________________________________________________________________


Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes /X/ No / /

State the number of shares outstanding of each of the issuer's classes of common
equity,  for the period covered by this report and as at the latest  practicable
date:

      At March 31, 2008, and as of the date hereof, there were outstanding
      2,200,000 shares of the Registrant's Common  Stock, $.001 par value.

Transitional Small Business Disclosure Format: Yes / /   No /X/


                                     1


<PAGE>







                                     PART I

                             FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.





                            LAS PALMAS MOBILE ESTATES
                        (A Development Stage Enterprise)




                                 MARCH 31, 2008
                                DECEMBER 31, 2007





















                                       2


<PAGE>




                            LAS PALMAS MOBILE ESTATES
                        (A Development Stage Enterprise)

                                    CONTENTS









________________________________________________________________________________

FINANCIAL STATEMENTS

   Balance Sheets                                                             4

   Statements of Operations                                                   5

   Statements of Stockholders' Deficit                                        6

   Statements of Cash Flows                                                   7

   Notes to Financial Statements                                           8-12
________________________________________________________________________________







                                       3


<PAGE>

<TABLE>
<CAPTION>


                            LAS PALMAS MOBILE ESTATES
                        (A Development Stage Enterprise)
                                 BALANCE SHEETS


                                                        March 31,       December 31,
                                                             2008               2007
                                                    _____________       ____________
<S>                                                      <C>              <C>
                                     ASSETS

CURRENT ASSETS                                           $      0         $      0
                                                         ________         ________

            Total current assets                         $      0         $      0
                                                         ________         ________

                   Total assets                          $      0         $      0
                                                         ========         ========


                      LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
     Accounts payable                                    $  2,100         $      0
     Officers advances                                     11,283           11,283
                                                         ________         ________

            Total current liabilities                    $ 13,383         $ 11,283
                                                         ________         ________

STOCKHOLDERS' DEFICIT
     Common stock: $.001 par value;
        authorized 100,000,000 shares;
        issued and outstanding:
        33,000,000 shares at
        March 31, 2008 and December 31, 2007             $ 33,000         $ 33,000
     Additional paid in capital                                 0                0
     Accumulated deficit during development stage         (46,383)         (44,283)
                                                         ________         ________

            Total stockholders' deficit                  $(13,383)        $(11,283)
                                                         ________         ________
                   Total liabilities and
                   stockholders' deficit                 $      0         $      0
                                                         ========         ========


                 See Accompanying Notes to Financial Statements.

</TABLE>

                                        4


<PAGE>

<TABLE>
<CAPTION>


                            LAS PALMAS MOBILE ESTATES
                        (A Development Stage Enterprise)
                            STATEMENTS OF OPERATIONS


                                                                                      Oct. 29, 1992
                                                Quarter Ended        Year Ended      (inception) to
                                                    March 31,      December 31,           March 31,
                                                         2008              2007                2008
                                                   __________      ____________      ______________
<S>                                                <C>              <C>                <C>

Revenues                                           $        0       $        0         $        0

Cost of revenue                                             0                0                  0
                                                   __________       __________         __________

           Gross profit                            $        0       $        0         $        0

General, selling and administrative expenses            2,100            4,973             35,383
                                                   __________       __________         __________
           Operating loss                          $   (2,100)      $   (4,973)        $  (35,383)

Nonoperating income (expense)                               0                0                  0
                                                   __________       __________         __________

   Net loss                                        $   (2,100)      $   (4,973)        $  (35,383)
                                                   ==========       ==========         ==========

   Net loss per share, basic
   and diluted                                     $    (0.00)      $    (0.00)
                                                   ==========       ==========

   Average number of shares
   of common stock outstanding                     33,000,000       33,000,000
                                                   ==========       ==========


                 See Accompanying Notes to Financial Statements.

</TABLE>

                                        5


<PAGE>

<TABLE>
<CAPTION>


                            LAS PALMAS MOBILE ESTATES
                        (A Development Stage Enterprise)
                       STATEMENTS OF STOCKHOLDERS' EQUITY

                                                                                    Accumulated
                                                                                      Deficit
                                          Common Stock             Additional         During
                                    ________________________        Paid-In         Development
                                     Shares          Amount         Capital            Stage             Total
                                    _________       ________       __________       ___________       ___________
<S>                                 <C>             <C>             <C>              <C>               <C>

November 8, 1992, issue
  common stock                     33,000,000       $ 33,000       $        0       $   (11,000)       $ 22,000
Net loss, December 31, 1992                                                                (340)           (340)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 1992         33,000,000       $ 33,000       $        0       $   (11,340)       $ 21,660
Net loss, December 31, 1993                                                             (21,660)        (21,660)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 1993         33,000,000       $ 33,000       $        0       $   (33,000)       $      0
Net loss, December 31, 1994                                                                 (85)            (85)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 1994         33,000,000       $ 33,000       $        0       $   (33,085)       $    (85)
Net loss, December 31, 1995                                                                 (85)            (85)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 1995         33,000,000       $ 33,000       $        0       $   (33,170)       $   (170)
Net loss, December 31, 1996                                                                 (85)            (85)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 1996         33,000,000       $ 33,000       $        0       $   (33,255)       $   (255)
Net loss, December 31, 1997                                                                (380)           (380)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 1997         33,000,000       $ 33,000       $        0       $   (33,635)       $   (635)
Net loss, December 31, 1998                                                                 (85)            (85)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 1998         33,000,000       $ 33,000       $        0       $   (33,720)       $   (720)
Net loss, December 31, 1999                                                                 (85)            (85)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 1999         33,000,000       $ 33,000       $        0       $   (33,805)       $   (805)
July 3, 2000, changed from no
    par value to $0.001
July 3, 2000, forward stock
    1000:1
Net loss, December 31, 2000                                                                (340)           (340)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 2000         33,000,000       $ 33,000       $        0       $   (34,145)       $ (1,145)
Net loss, December 31, 2001                                                                 (85)            (85)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 2001         33,000,000       $ 33,000       $        0       $   (34,230)       $ (1,230)
Net loss, December 31, 2002                                                                 (85)            (85)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 2002         33,000,000       $ 33,000       $        0       $   (34,315)       $ (1,315)
Net loss, December 31, 2003                                                                 (85)            (85)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 2003         33,000,000       $ 33,000       $        0       $   (34,400)       $ (1,400)
Net loss, December 31, 2004                                                                (545)           (545)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 2004         33,000,000       $ 33,000       $        0       $   (34,945)       $ (1,945)
Net loss, December 31, 2005                                                                (200)           (200)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 2005         33,000,000       $ 33,000       $        0       $   (35,145)       $ (2,145)
Net loss, December 31, 2006                                                              (4,165)         (4,165)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 2006         33,000,000       $ 33,000       $        0       $   (39,310)       $ (6,310)
November 14, 2007, 14 for 1
     stock dividend
Net loss, December 31, 2007                                                              (4,973)         (4,973)
                                   __________       ________       __________       ___________        ________
Balance, December 31, 2007         33,000,000       $ 33,300       $        0       $   (44,283)       $(11,283)
Net loss, March 31, 2008                                                                 (2,100)         (2,100)
                                   __________       ________       __________       ___________        ________
Balance, March 31, 2008            33,000,000       $ 33,300       $        0       $   (46,283)       $(13,383)
                                   ==========       ========       ==========       ===========        ========


                 See Accompanying Notes to Financial Statements.

</TABLE>

                                        6


<PAGE>

<TABLE>
<CAPTION>


                            LAS PALMAS MOBILE ESTATES
                        (A Development Stage Enterprise)
                            STATEMENTS OF CASH FLOWS


                                                                                      Oct. 29, 1992
                                                Quarter Ended        Year Ended      (inception) to
                                                    March 31,      December 31,           March 31,
                                                         2008              2007                2008
                                                   __________      ____________      ______________
<S>                                                <C>              <C>                <C>

Cash Flows From
Operating Activities
    Net loss                                       $   (2,100)      $   (4,973)        $  (35,383)
    Adjustments to reconcile net loss
         to cash used in operating activities:
    Changes in assets and liabilities
    Increase (decrease) in accounts payable             2,100              (25)             2,100
                                                   __________       __________         __________
       Net cash used in operating activities       $        0       $   (4,998)        $  (33,283)
                                                   __________       __________         __________
Cash Flows From Investing Activities               $        0       $        0         $        0
                                                   __________       __________         __________
Cash Flows From Financing Activities
   Issuance of common stock                        $        0       $        0         $   22,000
   Increase in officer advances                             0            4,998             11,283
                                                   __________       __________         __________

       Net cash provided by financing activities   $        0       $    4,998         $   33,283
                                                   __________       __________         __________
       Net increase (decrease) in cash             $        0       $        0         $        0

Cash, beginning of period                          $        0       $        0         $        0
                                                   __________       __________         __________
Cash, end of period                                $        0       $        0         $        0
                                                   ==========       ==========         ==========
Supplemental Information and Non-monetary
Transactions:

   Interest paid                                   $        0       $        0         $        0
                                                   ==========       ==========         ==========
   Income taxes paid                               $        0       $        0         $        0
                                                   ==========       ==========         ==========


                 See Accompanying Notes to Financial Statements.

</TABLE>

                                        7


<PAGE>


                            LAS PALMAS MOBILE ESTATES
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS


NOTE 1.  NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

NATURE OF BUSINESS:


Las Palmas Mobile Estates  ("Company") was organized  October 29, 1992 under the
laws of the State of Nevada.  The Company  currently has no  operations  and, in
accordance  with  Statement  of  Financial  Accounting  Standard  (SFAS)  No. 7,
"ACCOUNTING  AND REPORTING BY DEVELOPMENT  STAGE  ENTERPRISES,"  is considered a
Development Stage Enterprise.

A SUMMARY OF THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES IS AS FOLLOWS:

ESTIMATES

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

CASH

For the Statements of Cash Flows, all highly liquid investments with maturity of
three months or less are considered to be cash  equivalents.  There were no cash
equivalents as of March 31, 2008 and December 31, 2007.

INCOME TAXES

Income  taxes are  provided  for using the  liability  method of  accounting  in
accordance with SFAS No. 109 "ACCOUNTING FOR INCOME TAXES," and clarified by FIN
48,  "ACCOUNTING  FOR  UNCERTAINTY IN INCOME  TAXES--AN  INTERPRETATION  OF FASB
STATEMENT  NO.  109." A deferred  tax asset or  liability  is  recorded  for all
temporary differences between financial and tax reporting. Temporary differences
are the differences  between the reported  amounts of assets and liabilities and
their tax basis.  Deferred tax assets are reduced by a valuation allowance when,
in the opinion of  management,  it is more likely than not that some  portion or
all of the  deferred  tax assets will not be  realized.  Deferred tax assets and
liabilities  are adjusted for the effect of changes in tax laws and rates on the
date of enactment.

SHARE BASED EXPENSES

In December 2004, the Financial  Accounting Standards Board ("FASB") issued SFAS
No. 123R "SHARE  BASED  PAYMENT."  This  statement is a revision to SFAS 123 and
supersedes  Accounting  Principles  Board (APB) Opinion No. 25,  "ACCOUNTING FOR
STOCK ISSUED TO EMPLOYEES," and amends FASB Statement No. 95, "STATEMENT OF CASH
FLOWS." This statement  requires a public entity to expense the cost of employee
services received in exchange for an award of equity instruments. This statement
also  provides  guidance  on valuing  and  expensing  these  awards,  as well as
disclosure  requirements of these equity arrangements.  The Company adopted SFAS
No. 123R upon  creation of the  company  and  expenses  share based costs in the
period incurred.


                                       8


<PAGE>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS


NOTE 1.  NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

GOING CONCERN

The Company's  financial  statements  are prepared in accordance  with generally
accepted accounting  principles applicable to a going concern. This contemplates
the  realization  of assets and the  liquidation  of  liabilities  in the normal
course of  business.  Currently,  the  Company  does not have cash,  no material
assets,  nor does it have operations or a source of revenue  sufficient to cover
its  operation  costs and allow it to continue as a going  concern.  The Company
will be dependent upon the raising of additional  capital  through  placement of
our common  stock in order to  implement  its  business  plan,  or merge with an
operating company. There can be no assurance that the Company will be successful
in either  situation in order to continue as a going  concern.  The officers and
directors have committed to advancing certain operating costs of the Company.

RECENT ACCOUNTING PRONOUNCEMENTS

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements" (SFAS
157).  SFAS 157  provides  guidance  for using fair value to measure  assets and
liabilities.  SFAS 157  addresses  the  requests  from  investors  for  expanded
disclosure about the extent to which companies measure assets and liabilities at
fair value,  the  information  used to measure fair value and the effect of fair
value  measurements  on  earnings.  SFAS 157 applies  whenever  other  standards
require (or permit) assets or liabilities to be measured at fair value, and does
not expand the use of fair value in any new circumstances. SFAS 157 is effective
for financial  statements  issued for fiscal years  beginning after November 15,
2007 and will be adopted  by the  Company  in the first  quarter of fiscal  year
2009. We do not expect that the adoption of SFAS 157 will have a material impact
on our financial condition or results of operations.

In February 2007, the Financial  Accounting  Standards Board issued Statement of
Financial  Accounting  Standards  No. 159,  "The Fair Value Option for Financial
Assets and Financial  Liabilities - Including an amendment of FASB Statement No.
115" (hereinafter  "SFAS No. 159"). This statement permits entities to choose to
measure many financial instruments and certain other items at fair value.

The objective is to improve financial  reporting by providing  entities with the
opportunity  to mitigate  volatility  in reported  earnings  caused by measuring
related assets and liabilities differently without having to apply complex hedge
accounting  provisions.  This  statement  is  expected to expand the use of fair
value  measurement,  which is consistent with the Board's long-term  measurement
objectives for accounting for financial instruments. This statement is effective
as of the beginning of an entity's  first fiscal year that begins after November
15, 2007, although earlier adoption is permitted.  Management has not determined
the effect that adopting this  statement  would have on the Company's  financial
condition or results of operations.


                                       9


<PAGE>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS


NOTE 1.  NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)


In December  2007,  the FASB  issued SFAS  141(R),  "Business  Combinations--  a
replacement  of FASB  Statement  No.  141." This  Statement  replaces  SFAS 141,
"Business  Combinations,"  and  requires  an acquirer  to  recognize  the assets
acquired,  the liabilities  assumed,  including  those arising from  contractual
contingencies,  any contingent consideration, and any noncontrolling interest in
the acquiree at the acquisition  date,  measured at their fair values as of that
date,  with  limited  exceptions  specified in the  statement.  SFAS 141(R) also
requires the acquirer in a business  combination  achieved in stages  (sometimes
referred to as a step  acquisition)  to recognize  the  identifiable  assets and
liabilities, as well as the noncontrolling interest in the acquiree, at the full
amounts of their fair values (or other amounts  determined  in  accordance  with
SFAS  141(R)).   In  addition,   SFAS  141(R)'s   requirement   to  measure  the
noncontrolling interest in the acquiree at fair value will result in recognizing
the goodwill  attributable  to the  noncontrolling  interest in addition to that
attributable to the acquirer.  SFAS 141(R) amends SFAS No. 109,  "Accounting for
Income Taxes," to require the acquirer to recognize changes in the amount of its
deferred tax benefits that are  recognizable  because of a business  combination
either in income from continuing  operations in the period of the combination or
directly in contributed capital, depending on the circumstances.  It also amends
SFAS 142,  "Goodwill  and Other  Intangible  Assets,"  to,  among other  things,
provide guidance on the impairment  testing of acquired research and development
intangible  assets and assets that the acquirer  intends not to use. SFAS 141(R)
applies prospectively to business combinations for which the acquisition date is
on or after the beginning of the first annual  reporting  period beginning on or
after  December 15, 2008. We are currently  assessing the potential  impact that
the adoption of SFAS 141(R) could have on our financial statements.

In  December  2007,  the FASB  issued  SFAS 160,  "Noncontrolling  Interests  in
Consolidated Financial Statements." SFAS 160 amends Accounting Research Bulletin
51, "Consolidated  Financial  Statements," to establish accounting and reporting
standards  for  the  noncontrolling   interest  in  a  subsidiary  and  for  the
deconsolidation  of a  subsidiary.  It  also  clarifies  that  a  noncontrolling
interest in a subsidiary  is an ownership  interest in the  consolidated  entity
that should be reported as equity in the consolidated financial statements. SFAS
160 also  changes the way the  consolidated  income  statement  is  presented by
requiring  consolidated  net income to be reported at amounts  that  include the
amounts attributable to both the parent and the noncontrolling interest. It also
requires disclosure, on the face of the consolidated statement of income, of the
amounts  of  consolidated  net  income  attributable  to the  parent  and to the
noncontrolling  interest.  SFAS 160 requires  that a parent  recognize a gain or
loss in net income when a subsidiary  is  deconsolidated  and requires  expanded
disclosures in the consolidated  financial  statements that clearly identify and
distinguish  between the interests of the parent owners and the interests of the
noncontrolling owners of a subsidiary. SFAS 160 is effective for fiscal periods,
and interim  periods  within those fiscal years,  beginning on or after December
15, 2008. We are currently  assessing the potential  impact that the adoption of
SFAS 141(R) could have on our financial statements.


                                       10


<PAGE>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS


NOTE 2.  STOCKHOLDERS' EQUITY

COMMON STOCK

The authorized  common stock of the Company  consists of 25,000,000  shares with
par value of $0.001.  On  November  8, 1992 the  Company  authorized  and issued
22,000  shares of its no par value common stock in  consideration  of $22,000 in
cash.

On July 3, 2000, the State of Nevada approved the Company's restated Articles of
Incorporation,  which increased its  capitalization  from 2,500 common shares to
25,000,000 common shares. The no par value was changed to $0.001 per share.

On June 29, 2000,  the  Company's  shareholders  approved a forward split of its
common stock at one thousand  shares for one share of the existing  shares.  The
number of common stock shares  outstanding  increased  from 22,000 to 2,200,000.
Prior period information has been restated to reflect the stock split.

On October 31, 2007,  the State of Nevada  approved the  Company's  amendment to
Article Four of the Articles of Incorporation which increased its capitalization
from 25,000,000 common shares to 100,000,000  common shares.  Par value remained
at $.001 per share.

On October 29, 2007, the Company's shareholders approved a stock dividend of its
common stock. The dividend was fourteen shares for each share of the outstanding
shares at November 14, 2007. No fractional shares were be issued.  The number of
common shares outstanding  increased from 2,200,000 to 33,000,000.  Par value of
the new shares exceeded the original  consideration  received.  An adjustment to
retained  earnings  was made for  $11,000 to account  for this  dividend.  Prior
period information has been restated to reflect the stock dividend.

The Company has not authorized any preferred stock.

NET LOSS PER COMMON SHARE

Net loss per share is calculated in accordance with SFAS No. 128,  "EARNINGS PER
SHARE." The  weighted-average  number of common shares  outstanding  during each
period  is used to  compute  basic  loss per  share.  Diluted  loss per share is
computed  using the weighted  averaged  number of shares and dilutive  potential
common shares  outstanding.  Dilutive  potential  common  shares are  additional
common shares assumed to be exercised.

Basic  net loss per  common  share is based on the  weighted  average  number of
shares of common stock  outstanding  of 33,000,000  during 2008,  2007 and since
inception. As of March 31, 2008 and December 31, 2007, and since inception,  the
Company had no dilutive potential common shares.


                                       11


<PAGE>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS


NOTE 3.  INCOME TAXES

We did not provide any current or deferred U.S.  federal income tax provision or
benefit for any of the periods presented  because we have experienced  operating
losses  since  inception.  Per  Statement  of  Accounting  Standard  No.  109  -
Accounting  for  Income  Tax and FASB  Interpretation  No. 48 -  Accounting  for
Uncertainty in Income Taxes an interpretation of FASB Statement No.109,  when it
is more  likely  than not that a tax asset  cannot be  realized  through  future
income the Company  must allow for this future tax  benefit.  We provided a full
valuation  allowance on the net deferred tax asset,  consisting of net operating
loss  carryforwards,  because  management has determined  that it is more likely
than not that we will not earn income  sufficient  to realize the  deferred  tax
assets during the carryforward period.

The  components of the Company's  deferred tax asset as of December 31, 2007 and
2006 are as follows:

                                             2007         2006
                                           ________     ________

       Net operating loss carryforward     $ 11,316     $  9,625
       Valuation allowance                  (11,316)      (9,625)
                                           ________     ________

       Net deferred tax asset              $      0     $      0
                                           ========     ========


A  reconciliation  of income taxes  computed at the statutory rate to the income
tax amount recorded is as follows:

                                                                       Since
                                             2007         2006       Inception
                                           ________     ________     _________

       Tax at statutory rate (35%)         $  1,741     $  1,458     $ 11,498
       Increase in valuation allowance       (1,741)      (1,458)     (11,498)
                                           ________     ________     _________

       Net deferred tax asset              $      0     $      0     $       0
                                           ========     ========     =========

The net federal  operating loss carry forward will expire between 2016 and 2026.
This  carry  forward  may  be  limited  upon  the  consummation  of  a  business
combination under IRC Section 381.


NOTE 4.  RELATED PARTY TRANSACTIONS

The Company neither owns nor leases any real or personal property. An officer or
resident agent of the corporation  provides office services without charge. Such
costs are immaterial to the financial statements and accordingly,  have not been
reflected  therein.  The officers and  directors for the Company are involved in
other  business  activities  and may,  in the future,  become  involved in other
business  opportunities.  If a specific business  opportunity becomes available,
such  persons  may face a conflict  in  selecting  between the Company and their
other  business  interest.  The  Company  has not  formulated  a policy  for the
resolution of such  conflicts.  As of March 31, 2008 and December 31, 2007,  the
company owed officers $11,283 and $11,283 respectively.


NOTE 5.  WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of
common stock of the Company.


                                       12


<PAGE>


ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

     The discussion contained herein contains "forward-looking  statements" that
involve risk and uncertainties. These statements may be identified by the use of
terminology  such as "believes,"  "expects,"  "may," "should" or anticipates" or
expressing this terminology  negatively or similar expressions or by discussions
of strategy. The cautionary statements made in this Form 10QSB should be read as
being applicable to all related forward-looking  statements wherever they appear
in this Form  10QSB.  Our actual  results  could  differ  materially  from those
discussed in this report.

Generally.

     Las Palmas Mobile Estates (the  "Company") was  incorporated on October 29,
1992 under the laws of the State of Nevada. We had intended to form a subsidiary
and have said subsidiary  serve as the general partner of a limited  partnership
which was to be a  developer  and  builder of one or more  mobile  home parks in
Southern California.  We intended to develop a park that would have manufactured
trailers of high quality construction.

     Our business  strategy was to emphasize (i) marketing our parks principally
to the second home market  (where we believed  there was  significant  long-term
demand) and (ii) focusing our  development  activities in the fast growing areas
of the Coachella  Valley,  California  market,  where land and development costs
were relatively low and the demand was higher.

     Despite the then recent  slowdown in the Southern  California  homebuilding
industry and the economy in general,  we believed California offered substantial
long-term  prospects  for a  developer  of a mobile home park due to the State's
strong demand characteristics and supply constraints.  We expected to be able to
meet our short term cash requirements (i) initially by bank  construction  loans
and thereafter from (ii) the sale or lease of the fully developed properties. We
further  anticipated,  although there was no assurance,  that our long-term cash
needs  would  be  satisfied  by an  equity  infusion  through  the  sale  of our
securities, and from the development and leasing of units in the property.

     Between November 8, 1992 and approximately  March 31, 1993, we investigated
certain  business   opportunities  but  did  not  commence  actual  construction
activities in connection with development and building activities. As at May 31,
1993,  all funds  raised by the sale of shares in order to fulfill  our  initial
objective had been expended and we,  thereafter  became  dormant.  From April 1,
1993 until the present,  we were  inactive and could be deemed to be a so-called
"shell" company, whose only purpose at this time is to determine and implement a
new business purpose.

     As of the date hereof, the Company can be defined as a "shell" company,  an
entity which is generally  described as having no or nominal operations and with
no or nominal assets or assets  consisting  solely of cash and cash equivalents.
As a shell company,  our sole purpose at this time is to locate and consummate a
merger or acquisition with a private entity.

     Also,  as of the date  hereof,  based  upon our  proposed  future  business
activities,  we may also be deemed a "blank check"  company.  The Securities and
Exchange Commission  definition of such a company is a development stage company
that  has no  specific  business  plan or  purpose,  or has  indicated  that its
business  plan is to  engage  in a merger or  acquisition  with an  unidentified
company or  companies,  or other entity or person and is issuing a "penny stock"
security.

Plan of Operation.

     As a shell  company,  we intend to seek to  acquire  assets or shares of an
entity actively engaged in business that generates  revenues in exchange for its
securities.  We have no particular  acquisitions in mind and we have not entered
into any negotiations regarding such an acquisition.


                                       13

<PAGE>


     The Securities and Exchange  Commission has adopted a rule (Rule 419) which
defines a blank-check  company as (i) a development stage company,  that is (ii)
offering penny stock, as defined by Rule 3a51-1,  and (iii) that has no specific
business plan or purpose or has indicated  that its business plan is engage in a
merger or acquisition  with an unidentified  company or companies.  We have been
informed  that the  Securities  and  Exchange  Commission  position  is that the
securities  issued by all blank check  companies that are issued in unregistered
offerings must be registered with the Commission before resale. At the time that
our shareholders acquired our stock in 1996, we had a specific business plan and
purpose. In addition, Rule 419 is applicable only if a registration statement is
filed  covering an offering of a penny stock by a blank check  company.  We have
not filed a registration statement.

     On June 29, 2005,  the  Securities  and Exchange  Commission  adopted final
rules  amending the Form S-8 and the Form 8-K for shell  companies  like us. The
amendments expand the definition of a shell company to be broader than a company
with no or  nominal  operations/assets  or  assets  consisting  of cash and cash
equivalents,  the  amendments  prohibit  the use of a From S-8 (a form used by a
corporation to register  securities  issued to an employee,  director,  officer,
consultant or advisor, under certain circumstances),  and revise the Form 8-K to
require a shell  company to include  current Form 10 or Form 10-SB  information,
including audited financial statements, in the filing on Form 8-K that the shell
company files to report the acquisition of the business  opportunity.  The rules
are designed to assure that investors in shell companies that acquire operations
or assets have access on a timely  basis to the same kind of  information  as is
available to investors in public companies with continuing operations.

Financial Condition.

     Our auditor's  going concern opinion for prior years ended and the notation
in the financial  statements  indicate that we do not have  significant  cash or
other  material  assets and that we are relying on advances  from  stockholders,
officers  and  directors  to meet  limited  operating  expenses.  We do not have
sufficient cash or other material assets or do we have sufficient  operations or
an established source of revenue to cover our operational costs that would allow
us to continue as a going concern. We are insolvent in that we are unable to pay
our debts in the ordinary course of business as they become due.

                                       14


<PAGE>


     Since the Company has had no operating history nor any revenues or earnings
from operations,  with no significant assets or financial resources,  we will in
all likelihood sustain operating  expenses without  corresponding  revenues,  at
least until the consummation of a business  combination.  This may result in the
Company  incurring a net operating loss which will increase  continuously  until
the Company can  consummate a business  combination  with a profitable  business
opportunity and consummate such a business combination.

Liquidity and Operational Results.

     The Company has no current operating history and does not have any revenues
or earnings from operations.  The Company has no assets or financial  resources.
We will, in all likelihood,  sustain  operating  expenses without  corresponding
revenues,  at least until the consummation of a business  combination.  This may
result  in the  Company  incurring  a net  operating  loss  that  will  increase
continuously  until the Company can  consummate  a business  combination  with a
profitable  business  opportunity.  There is no  assurance  that the Company can
identify such a business opportunity and consummate such a business combination.

     We are  dependent  upon our officers to meet any de minimis  costs that may
occur.  Diana L. Hassan,  an officer and director of the Company,  has agreed to
provide the necessary funds,  without  interest,  for the Company to comply with
the Securities Exchange Act of 1934, as amended; provided that she is an officer
and director of the Company when the  obligation  is incurred.  All advances are
interest-free.

Liquidity.

     As of March 31, 2008, we had no assets and total liabilities of $13,383 and
we had a negative  net worth of $13,383.  As of  December  31,  2007,  we had no
assets and total liabilities of $11,283 and a negative net worth of $11,283.

     We have had no revenues from inception through December 31, 2007 and we had
no revenues for the period ended March 31, 2008.  We have a loss from  inception
through December 31, 2007 of $44,283 and a loss from inception through March 31,
2008 of $46,383.

     We have officer's advances of $11,283 from inception to March 31, 2008. The
officer's advances as of December 31, 2007 were $11,283.

Accounting for a Business Combination.

     In July 2001, the Financial  Accounting Standards Board issued Statement of
Financial Accounting Standards "SFAS" No. 141, "Business  Combinations" and SFAS
No. 142, "Goodwill and Other Intangible  Assets." SFAS No. 141 requires business
combinations  initiated  after  June 30,  2001 to be  accounted  for  using  the
purchase  method  of  accounting,   and  broadens  the  criteria  for  recording
intangible assets separate from goodwill. Recorded goodwill and intangibles will
be evaluated  against  these new criteria and may result in certain  intangibles
being subsumed into goodwill,  or alternatively,  amounts initially  recorded as
goodwill may be separately  identified an recognized  apart from goodwill.  SGAS
No. 142 requires the use of a non-amortization approach to account for purchased
goodwill and certain intangibles.  Under a non-amortization  approach,  goodwill
and certain  intangibles is more than its fair value.  Goodwill is the excess of
the  acquisition  costs  of the  acquired  entity  over  the  fair  value of the
identifiable net assets  acquired.  The Company is required to test goodwill and
intangible assets that are determined to have an indefinite life for impairments
at least  annually.  The provisions of SFAS No. 142 require the completion of an
annual impairment test with any impairment  recognized in current earnings.  The
provisions  of SFAS No. 141 and SFAS No. 142 may be  applicable  to any business
combination that we may enter into in the future.

     We  have  also  been  informed  that  most  business  combinations  will be
accounted for as a reverse  acquisition with us being the surviving  registrant.
As a result of any business  combination,  if the acquired entity's shareholders
will exercise  control over us, the  transaction  will be deemed to be a capital
transaction  where we are  treated  as a  non-business  entity.  Therefore,  the
accounting  for the business  combination  is identical to that resulting from a
reverse merger,  except no goodwill or other intangible assets will be recorded.
For accounting  purposes,  the acquired entity will be treated as the accounting
acquirer and, accordingly, will be presented as the continuing entity.


                                       15

<PAGE>


ITEM 3.   QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK.

     Not applicable to smaller reporting companies.

ITEM 4.  EVALUATION OF DISCLOSURE ON CONTROLS AND PROCEDURES.

     Internal  control over financial  reporting  refers to the process designed
by, or under the supervision of, our Chief Executive Officer and Chief Financial
Officer, and effected by our Board of Directors, 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,  and includes those policies and
procedures that:

     o    Pertain  to the  maintenance  of  records  that in  reasonable  detail
          accurately and fairly reflect the transactions and dispositions of our
          assets;

     o    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  authorization
          of our management and directors; and

     o    Provide reasonable  assurance regarding prevention or timely detection
          of  unauthorized  acquisitions,  use or disposition of our assets that
          could have a material effect on the financial statements.

     Internal control over financial reporting cannot provide absolute assurance
of achieving financial reporting objectives because of its inherent limitations.
It is a process that involves  human  diligence and compliance and is subject to
lapses in judgment and breakdowns resulting from human failures.  It also can be
circumvented by collusion or improper management override.

     Because of such  limitations,  there is a risk that material  misstatements
may not be  prevented  or detected on a timely  basis by internal  control  over
financial reporting.  However,  these inherent limitations are known features of
the financial  reporting process.  Therefore,  it is possible to design into the
process  certain  safeguards  to  reduce,  thought  not  eliminate,  this  risk.
Management is responsible for  establishing  and maintaining  adequate  internal
control  over  our  financial  reporting.  To avoid  segregation  of duty due to
management  accounting size,  management had engaged an outside CPA to assist in
the financial reporting.

     Management has used the framework set forth in the report entitled Internal
Control  -  Integrated  Framework  published  by  the  Committee  of  Sponsoring
Organizations  of the  Treadway  Commission,  known as  COSO,  to  evaluate  the
effectiveness of our internal control over financial reporting.  Based upon this
assessment,  management has concluded  that our internal  control over financial
reporting was effective as of and for the year ended  December 31, 2007 with the
following exceptions:

     o    As a part of our  year  end  review  of our  disclosure  controls  and
          procedures,  we  determined  that  several of our  procedures  require
          additional  documentation;  no sufficient  testing where conducted and
          further  segregation  of duties  needs to be put in  place.  It is our
          belief that those  control  procedures  are being  performed,  however
          documentation of their execution is not available. We are implementing
          additional documentation procedures in order to address this weakness.

     Management has concluded that other than as described  above,  our internal
control  over  financial  reporting  was  effective as of and for the year ended
December 31, 2007 and the current quarter then ended.

     The Company is not an "accelerated  filer" for the 2007 fiscal year because
it is qualified as a "small  business  issuer".  Hence,  under  current law, the
internal controls  certification and attestation  requirements of Section 404 of
the Sarbanes-Oxley act will not apply to the Company.


                                       16


<PAGE>


                                     PART II

                                OTHER INFORMATION

Item 1 - Legal Proceedings .................................................None

Item 1A - Risk Factors.

     There has been no material change in the risk factors previously disclosed.

Item 2 - Changes in the Rights of the Company's Security Holders............None

Item 3 - Defaults by the Company on its Senior Securities...................None

Item 4 - Submission of Matter to Vote of Security Holders...................None

ITEM 5 - OTHER INFORMATION

Board Meeting.

     Our board  held one  meeting  during the  period  covered  by this  current
report.

Audit Committee.

     Our board of directors has not established an audit committee. In addition,
we do not have any other  compensation  or executive or similar  committees.  We
will not, in all likelihood, establish an audit committee until such time as the
Company generates a positive cash flow of which there can be no assurance.

We recognize that an audit  committee,  when  established,  will play a critical
role in our financial reporting system by overseeing and monitoring management's
and the independent auditors'  participation in the financial reporting process.
At such time as we establish an audit committee, its additional disclosures with
our auditors and management may promote investor  confidence in the integrity of
the financial reporting process.

     Until such time as an audit committee has been established,  the full board
of  directors  will  undertake  those tasks  normally  associated  with an audit
committee  to  include,  but  not by way  of  limitation,  the  (i)  review  and
discussion  of the  audited  financial  statements  with  management,  and  (ii)
discussions  with the independent  auditors the matters required to be discussed
by the Statement On Auditing  Standards No. 61 and No. 90, as may be modified or
supplemented.

Code of Ethics.

     We have  adopted a code of ethics that applies to our  principal  executive
officer,  principal financial officer,  principal accounting officer and persons
performing similar functions.  The code of ethics will be posted on the investor
relations  section of the Company's website in the event that we have a website.
At such time as we have posted the code of ethics on our  website,  we intend to
satisfy  the  disclosure  requirements  under Item 10 of Form 8-K  regarding  an
amendment  to, or waiver from, a provision of the code of ethics by posting such
information on the website.

ITEM 6. - EXHIBITS AND REPORTS ON FORM 8-K

     There were no reports on Form 8-K filed  during the  quarter for which this
report is filed. The following exhibits are filed with this report:

          31.1 Rule 13a-14(a)/15d-14(a) - Certification of Chief Executive
               Officer.

          31.2 Rule 13a-14(a)/15d-14(a) - Certification of Chief Financial
               Officer.

          32.1 Section 1350 Certification - Chief Executive Officer.

          32.1 Section 1350 Certification - Chief Financial Officer.


                                       17


<PAGE>


                                   SIGNATURES


     Pursuant to the  requirements  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.



Dated:  May 13, 2008
                                    LAS PALMAS MOBILE ESTATES



                                    By: /s/ DIANA L. HASSAN
                                    _____________________________________
                                    Diana L. Hassan
                                    President



                                    By: /s/ DIANA L. HASSAN
                                    _____________________________________
                                    Diana L. Hassan
                                    Secretary and Treasurer











                                     18