SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549FORM 10-QSB

| [X]    |   | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|--------|------------------------------------------------------------------------------------------|
|   |   | For the period ended March 31, 2005                                                      |

Commission File Number 000-25997

Silver Bow Antique Aviation(Exact Name of Small Business Issuer as specified in its Charter)

| Nevada                                                         |   | 91-1939533                              |
|----------------------------------------------------------------|--------|-----------------------------------------|
| (State or other Jurisdiction of Incorporation or Organization) |   | (I.R.S. Employer Identification Number) |
|                                                                |   |                                         |
| 69930 Highway 111, Suite 108    Rancho Mirage, CA              |   | 92270                                   |
| (Address of principal executive offices)                       |   | (Zip Code)                              |
|                                                                |   |                                         |

Check whether the Issuer (1) filed all reports required  to be filed by Section 13 or 15(d) of the  Securities  Exchange Act of  1934 during the preceding 12 months (or for such shorter period that  the Registrant was required to file such reports) and (2) has beensubject to such filing requirements for the past 90 days.

| Yes | [x] | No | [ ] |
|-----|-----|----|-----|

 

Indicate the number of shares outstanding of each of theissuer's classes of Common Equity, as of the latest practicable date.

| Common Stock, no par value |   | 3,190,400                                    |
|----------------------------|--------|----------------------------------------------|
| Title of Class             |   | Number of Shares Oustanding at March 31,2005 |
| No exhibits included.      |   |                                         |

PART I 

ITEM 1. Financial Statements 

Financial Statements

Financial Statements for 3 month period ended March 31, 2005 have been prepared by the Management Group of Silver Bow:

 

Silver Bow Antique Aviation  (A Development Stage Company)BALANCE SHEET

 

| ASSETS                                             |                                                                                                 | March 31, 2005            |            | December 31, 2004 |
|----------------------------------------------------|------------------------------------------------------------------------------------------------------|---------------------------|-----------------|-------------------|
| CURRENT ASSETS:                                    |                                                                                                 |                      |                 |              |
|                                               | Deposit Cash/New Business Oper.                                                                      | $                         | 0               | $                 | 0 |
|                                               |                                                                                                 | Total Current Assets      | $               | 0                 | $ | 0 |
| FIXED ASSETS: (Note 3)                             |                                                                                                 |                           |                 |                   |
|                                               | Property/Equipment Less                                                                              | $                         | 0               | $                 | 0 |
|                                               | Accumulated Depreciation                                                                             | <                      | 0               | $                 | 0 |
|                                               |                                                                                                 | Net Fixed Assets          | $               | 0                 | $ | 0 |
| TOTAL ASSETS                                       | $                                                                                                    | 0                         | $               | 0                 |
| LIABILITIES & SHAREHOLDERS' EQUITY             |                                                                                                 |                           |                 |                   |
| Current Liabilities: (Note 4)                      |                                                                                                 |                           |                 |                   |
|                                               | Misc. Accured Liabilities                                                                            | $                         | 0               | $                 | 0 |
|                                               | Other Liabilities                                                                                    |                      | 0               |                   | 0 |
|                                               |                                                                                                 | Total current liabilities | $               | 0                 | $ | 0 |
| LONG TERM LIABILITIES: (Note 5)                    | $                                                                                                    | 176,321                   | $               | 176,321           |
|                                               | Net Total Long Term Liabilities                                                                      | $                         | 0               | $                 | 0 |
| TOTAL LIABILITIES                                  | $                                                                                                    | 0                         | $               | 0                 |
| SHAREHOLDERS' EQUITY (NOTE 1)                      |                                                                                                      |                           |                 |                   |
|                                               | 1,000 shares authorized; -0-      shares issued and outstanding                                      | $                         | 0               | $                 | 0 |
|                                               | Common stock, par value $ .001;      99,999,000 shares authorized;issued & outstanding 3,690,400 |                           | 3,190           |                   | 3,190 |
|                                               | Paid-in capital                                                                                      |                           | 20,000          |                   | 20,000 |
|                                               | Retained earnings <Accum. Deficit>                                                             |                           | <199,511> |                   | <199,511> |
| NET EQUITY/RETAINED EARNINGS       <DEFICIT> | $                                                                                                    | <176,321>           | $               | <176,321>   |
| TOTAL ASSETS/LIABILITIES                           | $                                                                                                    | 0                         | $               | 0                 |

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

Silver Bow Antique Aviation  (A Development Stage Company)  STATEMENT OF OPERATIONSFor the Three Months Ending March 2005 & 2004

|                                                        |                               | March 31,    2004        |           | March 31,    2005 |
|-------------------------------------------------------------|------------------------------------|--------------------------|-----------|-------------------|
| Misc. Income                                                | $                                  | -0-                      | $         | -0-               |
| Operating Expenses:                                         |                                    |                          |           |                   |
|                                                        | Interest Expense                   | $                        | -0-       | $                 | -0- |
|                                                        | Admin Support                      |                          | -0-       |                   | -0- |
|                                                        | Depreciation (Note 3)              |                          | -0-       |                   | -0- |
|                                                        | Misc. Expenses                     |                          | -0-       |                   | -0- |
|                                                        | New Business Development Expenses  |                          | -0-       |                   | -0- |
|                                                        | Computer Services/Software Systems |                          | -0-       |                   | -0- |
|                                                        |                               | Total Operating Expenses | $         | -0-               | $ | -0- |
| Income (Loss) From Operations                               | $                                  | -0-                      | $         | -0-               |
| Other Income/ (Expense):      Misc. Other Income/ (Expense) | $                                  | -0-                      | $         | -0-               |
| Credit/ Other Income                                        |                                    | -0-                      |           | -0-               |
|                                                        | Total Net Other Income             | $                        | -0-       | $                 | -0- |
| Net Income (Loss)                                           | $                                  | -0-                      | $         | -0-               |
| Per share informatiion:                                     |                                    |                          |           |                   |
| Basic (Loss) per common share                               | $                                  | 0.000                    | $         | 0.000             |
| Basic weighted average number                               |                                    |                          |           |                   |
|                                                        | Common Stock shares outstanding    |                          | 3,190,400 |                   | 3,190,400 |
| Diluted (Loss) per common share                             | $                                  | 0.000                    | $         | 0.000             |
| Diluted weighted average number                             |                                    |                          |           |                   |
|                                                        | Common Stock shares outstanding    |                          | 3,190,400 |                   | 3,190,400 |

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

Silver Bow Antique Aviation  (A Development Stage Company)  STATEMENT OF CASH FLOWS  For the Three Months Ending March 31, 2005

  

|                                             |                                           |                                   | 2005   |        | 2004   |
|--------------------------------------------------|------------------------------------------------|----------------------------------------|--------|--------|--------|
| CASH FLOWS FROM OPERATING ACTIVITIES:            |                                                |                                   |        |        |        |
|                                             | Income <Loss> From Operations*           | A                                      | $      | -0-    | $      | -0- |
| TRANSACTIONS NOT REQUIRING CASH:                 |                                                |                                   |        |        |        |
|                                             | Depreciation (NOTE 3)                          |                                        | $      | -0-    | $      | -0- |
| Total transactions not requiring cash            | A                                              | $                                      | -0-    | $      | -0-    |
| CASH PROVIDED (USED) DUE TO CHANGES IN:          |                                                |                                   |        |        |        |
|                                             | Current/Fixed Assets decrease/<increase> |                                        | $      | -0-    | $      | -0- |
|                                             | Current liabilities/(decrease)/increase        |                                   |   |   |   |   |
|                                             |                                           | Increase/Decrease Operating Expenses   |        | $      | -0-    | $ | -0- |
|                                             |                                           | Increase NP Cash Advances/New Business |        |   | -0-    |  | -0- |
|                                             |                                           | Incr/Decr Other Current Liabilities    |        |   | -0-    |  | -0- |
|                                             |                                           | Increase NP Misc. Items                |        |   | -0-    |  | -0- |
|                                             | Total Net Increase Current Liabilities         |                                        | $      | -0-    | $      | -0- |
|                                             | Decrease Long Term Liability                   |                                        |   | -0-    |        | -0- |
| Total Incr/(Decr.) Current/Long Term Liabilities | A                                              | $                                      | -0-    | $      | -0-    |
| Net cash provided/(used) Operating Activities    | A                                              | $                                      | -0-    | $      | -0-    |
| Cash Flows from Investing Activities:            | A                                              |                                   | -0-    |        | -0-    |
| Cash Flows from Financing Activities:            | A                                              |                                   | -0-    |        | -0-    |
| Net Cash Increase(Decrease) = TOTAL OF A LINES   |                                                | $                                      | -0-    | $      | -0-    |
| Cash, Beginning of period                        |                                                |                                   | -0-    |        | -0-    |
| Cash, End of period                              | $                                              |                                   | -0-    | $      | -0-    |

 

 

The accompanying notes are an integral part of these FINANCIAL STATEMENTS.

 

Silver Bow Antique Aviation(A Development Stage Company)  Notes to Financial StatementsFor The Three Months Ended March 31, 2005

GENERAL:The condensed consolidated financial statements of Silver Bow Antique  Aviation included herein, have been prepared pursuant to the rules and  regulations of the Securities and Exchange Commission.  Although  certain information normally included in financial statements prepared  in accordance with generally accepted accounting principles has been  condensed or omitted, Silver Bow believes that the disclosures are  adequate to make the information presented not misleading.  The  condensed financial statements for the three month period ended March 31,  2005 should be read in conjunction with the financial statements and notesthereto included in this report.

The condensed consolidated financial statements included herein reflect  all normal recurring adjustments that, in the opinion of management,  are necessary for fair presentation.

The Company has not commenced operations and has no working capital.

NOTE 1 - ORGANIZATION AND BUSINESS PLAN:

Company was organized under the laws of the State of Nevada on  April 28, 1994 under the name of Silver Bow Antique Aviation.  TheCompany was incorporated to engage in any lawful activities.

The Company's articles initially authorized 1,000 shares of Preferred  Stock and 10,000 shares of Common Stock, both at a par value of $.001  per share.

Common Stock.

  During 1996, certain consulting services were rendered to the Company  by the majority stockholder, Magellan Capital Corporation, (a Nevada  Corporation doing business in California) and 4 other individuals.  The  value of such services were at the stated par value for 1,041 shares  issued on July 15, 1995 and have been stated on the Balance sheet, the  Statement of Operations and the Cash Flow Statement at $936 for  the year ending 12/31/96, which amount reflects the par value of the  original issue on the date of the 900 for 1 forward stock split on the  1,041 shares.  Revised number of shares issued and outstanding after  the foregoing split were 936,900, with a total value of $936.00 as ofthe end of the year September 30, 1996.

On December 30, 1998, 2,053,500 shares were sold for $2,054 cash at the  stated par value of $.001 per share.  Total shares outstanding at year end  12/31/98 were 2,990,400, with a total value of $2,990.

On September 25, 2001, 200,000 shares were issued at the stated par  value of $.001 per share for services rendered through September, 2001:  100,000 shares to Darren J. Holm, the newly appointed President of the  Company and 50,000 shares each to Randall Baker, Secretary and Norm  LeBoeuf, Controller.

The total number of Common Stock shares outstanding and issued as of the  end of March 31, 2005 and 2004 were 3,690,400, total value $53,190. No  other transactions have taken place since those dates for the Common  Stock of the Company:  Total Common Stock Shares outstanding and issuedat March 31, 2005 were 3,690,400, total value of $53,190.

Preferred Stock.

  The original articles of incorporation, April 28, 1994, authorized  1,000 shares of Preferred Stock with a stated par value of $.001 per  share.  From inception (April 28, 1994) through March 31, 2005, no  Preferred Stock Shares have been issued, and, none are outstanding.

NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

The Articles of Incorporation (as revised) authorize Silver Bow Antique  Aviation to issue up to 99,999,000 shares of Common Stock with a par  value of $.001 per share and 1,000 shares of Preferred Stock, with a  par value of $.001 per share.  As of the period ending March 31, 2005,  there were 3,690,400 shares of Common Stock issued and outstanding.  Asof March 31, 2005, no Preferred Stock were issued or outstanding.

NOTE 3 - FIXED ASSETS:

  The Company has no Fixed Assets for the period ending March 31, 2005  and December 31, 2004.  

  NOTE 4 - CURRENT LIABILITIES:

Following are the Current Liabilities of the Company as of March 31,2005 and December 31, 2004 were:

 

| Category Description |              | Amounts due    3/31/05 |   | Amounts due      12/31/04 |
|----------------------|-------------------|------------------------|---|---------------------------|
| Current Liabilities  | $                 | 0                      | $ | 0                         |
|                      | TOTAL LIABILITIES | $                      | 0 | $                         | 0 |

NOTE 5. LONG TERM LIABILITY

Assets and current liabilities have been consolidated into a long term liability note in favor of a D.K. Mork, the majority stock holder of Silver Bow, as set fourth in Part I - Item 6 . 

NOTE 6.  GOING CONCERN AND INCIDENTAL COSTS:

Incidental costs to maintain legal registrations of the Company in the  State of Nevada and with the Security and Exchange Commissions have  been paid or assumed by Mr. Dempsey Mork, Chief Financial Officer/  Director, the majority shareholder of Silver Bow.  This will continue  for the foreseeable future.

| (b)    |   | List of Exhibits  |
|--------|--------|-------------------|
|   | 31     | 302 Certification |
|   | 32     | 906 Certification |

(B) Reports on Form 8-K

> 
None. 

ITEM 14.   PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit, tax and accounting fees for ongoing normal business activities  will continue to be paid by Mr. Dempsey Mork, Chief Financial Officer,Director, the majority Shareholder of Silver Bow.

The Board of Directors, acting as the Audit Committee considered  whether, and determined that, the auditor's provision of non-audit  services was compatible with maintaining the auditor's independence.  All of the services described above for fiscal years through the period  ending March 31, 2005, and were approved by the Company’s Board  of Directors pursuant to its policies and procedures. 

 SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities  Exchange Act of 1934, as amended, the Company has duly caused this  Report to be signed on its behalf by the undersigned duly authorized  person.

Date: Sept. 5, 2007  

Silver Bow Antique Aviation

/s/ Darren J. Holm----------------------------------By: Darren J. Holm, President

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.

| Signature           |   | Capacity                    |        | Date              |
|---------------------|--------|-----------------------------|--------|-------------------|
| /s/ Darren J. Holm  |   | President/CEO      Director |        | September 5, 2007 |
| Darren J. Holm      |   |                        |   |              |
|                |   |                        |   |              |
| /s/ Dempsey K. Mork |   | CFO/Director                |   | September 5, 2007 |
| Dempsey K. Mork     |   |                             |   |              |
|                |   |                             |   |              |
| /s/ Norbert LeBoeuf |   | Secretary/Director          |   | September 5, 2007 |
| Norbert LeBoeuf     |   |                        |   |              |