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


                                  FORM 10-QSB/A
                                  Amendment #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, 2006

                                        OR

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


                  FOR THE TRANSITION FROM _______ TO ________.


                        COMMISSION FILE NUMBER: 000-51575


                            PARQUE LA QUINTA ESTATES
        _________________________________________________________________
        (Exact Name of Small Business Issuer as Specified in its Charter)


            NEVADA                                               88-0409165
_______________________________                              ___________________
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)


  6767 W. TROPICANA AVENUE, SUITE 207
         LAS VEGAS, NEVADA                                              89103
________________________________________                              __________
(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 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, 2006, 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>





                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)

                                FINANCIAL REPORTS


                                 MARCH 31, 2006
                                DECEMBER 31, 2005





<PAGE>




                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)

                                    CONTENTS









________________________________________________________________________________

FINANCIAL STATEMENTS

   Balance Sheets                                                            F-1

   Statements of Operations                                                  F-2

   Statements of Stockholders' Equity                                        F-3

   Statements of Cash Flows                                                  F-4

   Notes to Financial Statements                                           F-5-8
________________________________________________________________________________










<PAGE>

<TABLE>
<CAPTION>


                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)
                                  BALANCE SHEET


                                                        March 31,       December 31,
                                                             2006               2005
                                                        _________       ____________
<S>                                                      <C>              <C>
                                     ASSETS

CURRENT ASSETS
     Cash                                                $      0         $      0
                                                         ________         ________

            Total current assets                         $      0         $      0
                                                         ________         ________

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


                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
     Accounts payable                                    $      0         $      0
     Officers advances                                      8,865            6,325
                                                         ________         ________

            Total current liabilities                    $  8,865         $  6,325
                                                         ________         ________

STOCKHOLDERS' EQUITY
     Common stock: $.001 par value;
        authorized 25,000,000 shares;
        issued and outstanding:
        2,200,000 shares at
        December 31, 2005 and March 31, 2006:            $  2,200         $  2,200
     Additional paid in capital                            19,800           19,800
     Accumulated deficit during development stage         (30,865)         (28,325)
                                                         ________         ________

            Total stockholders' equity                   $ (8,865)        $ (6,325)
                                                         ________         ________
                   Total liabilities and
                   stockholders' equity                  $      0         $      0
                                                         ========         ========


                 See Accompanying Notes to Financial Statements.

</TABLE>

                                      F-1


<PAGE>

<TABLE>
<CAPTION>


                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)
                             STATEMENT OF OPERATIONS


                                                                                       Oct. 29, 1992
                                                                                     (inception) to
                                                    March 31,      December 31,           March 31,
                                                         2006              2005             2006
                                                   __________      ____________      ______________
<S>                                                <C>              <C>                <C>

Revenues                                           $        0       $        0         $        0

Cost of revenue                                             0                0                  0
                                                   __________       __________         __________

           Gross profit                            $        0       $        0         $        0

General, selling and administrative expenses            2,540            3,005             30,865
                                                   __________       __________         __________
           Operating (loss)                        $   (2,540)      $   (3,005)        $  (30,865)

Nonoperating income (expense)                               0                0                  0
                                                   __________       __________         __________

   Net (loss)                                      $   (2,540)      $   (3,005)        $  (30,865)
                                                   ==========       ==========         ==========


   Net (loss) per share, basic
   and diluted (Note 2)                            $    (0.00)      $    (0.00)        $    (0.01)
                                                   ==========       ==========         ==========

   Average number of shares
   of common stock outstanding                      2,200,000        2,200,000          2,200,000
                                                   ==========       ==========         ==========


                 See Accompanying Notes to Financial Statements.

</TABLE>

                                      F-2


<PAGE>

<TABLE>
<CAPTION>


                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)
                        STATEMENT OF STOCKHOLDERS' EQUITY

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

Issuance of Common Stock,
   November 8, 1992                 2,200,000       $  2,200        $ 19,800         $
Net loss, December 31, 1992                                                              (340)
                                    _________       ________        ________         ________
Balance, December 31, 1992          2,200,000       $  2,200        $ 19,800         $   (340)
Net loss, December 31, 1993                                                           (21,660)
                                    _________       ________        ________         ________
Balance, December 31, 1993          2,200,000       $  2,200        $ 19,800         $(22,000)
Net loss, December 31, 1994                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 1994          2,200,000       $  2,200        $ 19,800         $(22,085)
Net loss, December 31, 1995                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 1995          2,200,000       $  2,200        $ 19,800         $(22,170)
Net loss, December 31, 1996                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 1996          2,200,000       $  2,200        $ 19,800         $(22,255)
Net loss, December 31, 1997                                                              (380)
                                    _________       ________        ________         ________
Balance, December 31, 1997          2,200,000       $  2,200        $ 19,800         $(22,635)
Net loss, December 31, 1998                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 1998          2,200,000       $  2,200        $ 19,800         $(22,720)
Net loss, December 31, 1999                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 1999          2,200,000       $  2,200        $ 19,800         $(22,805)

July 3, 2000, changed from no
    par value to $.001                                (2,200)          2,200
July 3, 2000, forward stock
    100:1                                              2,200          (2,200)

Net loss, December 31, 2000                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 2000          2,200,000       $  2,200        $ 19,800         $(22,890)
Net loss, December 31, 2001                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 2001          2,200,000       $  2,200        $ 19,800         $(22,975)
Net loss, December 31, 2002                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 2002          2,200,000       $  2,200        $ 19,800         $(23,060)
Net loss, December 31, 2003                                                               (85)
                                    _________       ________        ________         ________
Balance, December 31, 2003          2,200,000       $  2,200        $ 19,800         $(23,145)
Net loss, December 31, 2004                                                            (2,175)
                                    _________       ________        ________         ________
Balance, December 31, 2004          2,200,000       $  2,200        $ 19,800         $(25,320)
Net loss, December 31, 2005                                                            (3,005)
                                    _________       ________        ________         ________
Balance, December 31, 2005          2,200,000       $  2,200        $ 19,800         $(28,325)
Net loss, March 31, 2006                                                               (2,540)
                                    _________       ________        ________         ________
Balance, March 31, 2006             2,200,000       $  2,200        $ 19,800         $(30,865)
                                    =========       ========        ========         ========


                 See Accompanying Notes to Financial Statements.

</TABLE>

                                      F-3


<PAGE>

<TABLE>
<CAPTION>


                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)
                             STATEMENT OF CASH FLOWS


                                                                                             Oct. 29, 1992
                                                                                            (inception) to
                                                         March 31,       December 31,            March 31,
                                                              2006               2005                 2006
                                                         _________       ____________       ______________
<S>                                                      <C>              <C>                <C>

Cash Flows From
Operating Activities
    Net (loss)                                           $  (2,540)       $  (3,005)         $ (30,865)
    Adjustments to reconcile net (loss)
         to cash (used in) operating activities:
    Changes in assets and liabilities
    Increase in accounts payable                                 0                0                  0
                                                         _________        _________          _________

         Net cash (used in) operating activities         $  (2,540)       $  (3,005)         $ (30,865)
                                                         _________        _________          _________

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                                 2,540            3,005              8,865
                                                         _________        _________          _________

         Net cash provided by financing activities       $   2,540        $   3,005          $  30,865
                                                         _________        _________          _________

         Net increase (decrease) in cash                 $       0        $       0          $       0

Cash, beginning of period                                $       0        $       0          $       0
                                                         _________        _________          _________

Cash, end of period                                      $       0        $       0          $       0
                                                         =========        =========          =========
SUPPLEMENTAL INFORMATION

Interest paid                                            $       0        $       0          $       0
                                                         =========        =========          =========

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


                 See Accompanying Notes to Financial Statements.

</TABLE>

                                      F-4


<PAGE>


                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2006


NOTE 1.  NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

NATURE OF BUSINESS:

Parque La Quinta Estates ("Company") was organized October 29, 1992 under the
laws of the State of Nevada. The Company currently has limited 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, 2006.

INCOME TAXES

Income taxes are provided for using the liability method of accounting in
accordance with SFAS No. 109 "ACCOUNTING FOR INCOME TAXES." 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.

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 significant cash of
other 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. Until the Company has sufficient operations, the stockholders,
officers, and directors have committed to advancing the operating costs of the
company.


                                      F-5


<PAGE>


                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2006


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

RECENT ACCOUNTING PRONOUNCEMENTS

In December 2003, the FASB issued SFAS No. 132 (revised 2003), EMPLOYERS'
DISCLOSURES ABOUT PENSIONS AND OTHER POSTRETIREMENT BENEFITS. SFAS No. 132
(revised 2003) revises employers' disclosures about pension plans and other
postretirement benefit plans. The statement does not change the measurement or
recognition of those plans required by SFAS No. 87, EMPLOYERS' ACCOUNTING FOR
PENSIONS, SFAS NO. 88, EMPLOYERS' ACCOUNTING FOR SETTLEMENTS AND CURTAILMENTS OF
DEFINED BENEFIT PENSION PLANS AND FOR TERMINATION BENEFITS, and SFAS No. 106,
Employers' Accounting for Postretirement Benefits Other Than Pensions. The
revised statement retains the disclosure requirements contained in the original
SFAS No. 132 and requires additional disclosures about the assets, obligations,
cash flows, and net periodic benefit cost of defined benefit pension plans and
other defined benefit postretirement plans. The revised statement is effective
for fiscal years ending after December 15, 2003. The adoption of SFAS No. 132
(revised) did not affect our financial condition or results of operations.

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. This statement is
effective for the first interim reporting period that begins after June 15,
2005.

SFAS 123R permits public companies to choose between the following two adoption
methods:

     1.   A "modified prospective" method in which compensation cost is
          recognized beginning with the effective date (a) based on the
          requirements of SFAS 123R for all share-based payments granted after
          the effective date and (b) based on the requirements of Statement 123
          for all awards granted to employees prior to the effective date of
          SFAS 123R that remain unvested on the effective date, or

     2.   A "modified retrospective" method which includes the requirements of
          the modified prospective method described above, but also permits
          entities to restate based on the amounts previously recognized under
          SFAS 123 for purposes of pro forma disclosures either (a) all prior
          periods presented or (b) prior interim periods of the year of
          adoption.

As we do not currently have share based payments, we expect no impact to the
financial statements due to the adoption of SFAS 123R.


                                      F-6


<PAGE>


                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2006


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
2,200,000 shares of common stock in consideration of $22,000 in cash.

On June 29, 2000, the Company's shareholders approved an amendment to the
Articles of Incorporation to increase its capitalization and to forward split of
its common stock at one hundred shares for one share of the existing shares.

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

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 2,200,000 during 2006, 2005 and since
inception. As of March 31, 2006 and December 31, 2005 and since inception, the
Company had no dilutive potential common shares.

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. 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, 2005 and
2004 is as follows:

                                               2005            2004
                                           ________        ________

     Net operating loss carryforward       $  9,914        $  8,862
     Valuation allowance                     (9,914)         (8,862)
                                           ________        ________
     Net deferred tax asset                $      0        $      0
                                           ========        ========


                                      F-7


<PAGE>


                            PARQUE LA QUINTA ESTATES
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2006


NOTE 3.  INCOME TAXES (CONTINUED)

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

                                                                     Since
                                             2005        2004      Inception
                                         ________      ______      _________

     Tax at statutory rate (35%)         $  1,052      $  761      $  9,914
     Increase in valuation allowance       (1,052)       (761)       (9,914)
                                         ________      ______      ________
     Net deferred tax asset              $      0      $    0      $      0
                                         ========      ======      ========


The net federal operating loss carry forward will expire in 2025. 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. The
registered 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.

NOTE 5.  WARRANTS AND OPTIONS

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

NOTE 6.  OFFICERS ADVANCES

The Company incurred costs of incorporation and other fees prior to the issuance
of stock. An officer of the Company has advanced funds on behalf of the Company
to pay for these costs. These funds have been advanced interest free.


                                      F-8


<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.

          Parque La Quinta Estates (the "Company") was incorporated on October
29, 1992 under the laws of the State of Nevada. We had intended to form
subsidiaries and general partnerships and limited partnerships which would be a
developer and builder of affordable single-family houses and condominiums in
Southern California. We intended to have homes of high quality construction and
many amenities such as mirrored glass wardrobe closets, berber carpet, tiled
kitchen counters and floors, intercom, wiring for cable television, telephones
and security system fireplaces, vaulted ceilings and skylights. We were going to
concentrate our building activities in La Quinta, California, area of the
Coachella Valley, where population growth and job creation were expected to
increase significantly faster than population growth and job creation in the
United States as a whole. We intended to acquire city in-fill lots, primarily
between the City limit lines and The Village at La Quinta, California areas of
the Coachella Valley, California, demolish and clear the lots, obtain the
necessary permits, construct single-family attached housing, and sell the
constructed units. We were going to seek to acquire parcels of land that range
from 7,000 square feet to 28,000 square feet to develop additional 7 to 28-unit
affordable attached single-family complexes.

          Between October 29, 1992 and approximately February 1, 1993, the
Company investigated certain business opportunities but did not commence any
activities in connection with its development and building activities. As at
December 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
February 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.


                                      -4-

<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.

                                      -5-

<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. Bonita R. Alverez, 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, 2006, we had total liabilities of $8,865 and we had a
negative net worth of $8,865. As of December 31, 2005, we had total liabilities
of $6,325 and a negative net worth of $6,325.

          We have had no revenues from inception through December 31, 2005 and
we had no revenues for the period ended March 31, 2006. We have a loss from
inception through December 31, 2005 of $28,325 and a loss from inception through
March 31, 2006 of $30,865.

          We have officer's advances of $8,865 from inception to March 31, 2006.
The officer's advances as of December 31, 2005 were $6,325.

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.


                                      -6-

<PAGE>


ITEM 3.   QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK.

          The Company has not considered nor conducted any research concerning
qualitative and quantitative market risk.

ITEM 4.  EVALUATION OF DISCLOSURE ON CONTROLS AND PROCEDURES.

          Based on an evaluation of our disclosure controls and procedures as of
the end of the period covered by this Form 10QSB (and the financial statements
contained in the report), our president and treasurer have determined that the
our current disclosure controls and procedures are effective.

          There have not been any changes in our internal control over financial
reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act) or
any other factors during the quarter covered by this report, that have
materially affected, or are reasonably likely to materially affect our internal
control over financial reporting.


                                     PART II

                                OTHER INFORMATION

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

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

                                      -7-

<PAGE>

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.


                                      -8-

<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 4, 2006                 PARQUE LA QUINTA ESTATES


                                    By: /s/ BONITA R. ALVEREZ
                                    _____________________________________
                                    Bonita R. Alverez
                                    President



                                    By: /s/ DEBORAH J. KOEBERL
                                    _____________________________________
                                    Deborah J. Koeberl
                                    Treasurer


                                       -9-