================================================================================

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[ X ]    Quarterly  Report  pursuant  to  Section  13 or 15(d) of the Securities
         Exchange Act of 1934

         For the period ended September 30, 2006

[   ]    Transition  Report  pursuant  to 13 or 15(d) of the Securities Exchange
         Act of 1934

         For the transition period                    to
                                   ------------------    -----------------------

                  Commission File Number   333-127389
                                           ----------



                             ZANDARIA VENTURES INC.
 -------------------------------------------------------------------------------
        (Exact name of small Business Issuer as specified in its charter)


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

1460 Barclay Street, Suite 701
Vancouver, British Columbia, Canada                          V6G 1J5
-----------------------------------------              ---------------------
(Address of principal executive offices)               (Postal or Zip Code)


Issuer's telephone number, including area code:       1-888-255-0076
                                               -------------------------


                                      None
--------------------------------------------------------------------------------
   (Former name, former address and former fiscal year, if changed since last
                                    report)


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act of 1934  during the  preceding  12
months (or for such  shorter  period  that the issuer was  required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days Yes [ ] No [ 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
stock, as of the latest  practicable date:  7,750,000 Shares of $0.001 par value
common stock outstanding as of November 15, 2006.


<page>









                             ZANDARIA VENTURES INC.

                         (An Exploration Stage Company)

                          INTERIM FINANCIAL STATEMENTS

                                   (Unaudited)

                               September 30, 2006

                             (Stated in US Dollars)


                             Prepared by Management








<page>



                             ZANDARIA VENTURES INC.
                         (An Exploration Stage Company)
                             INTERIM BALANCE SHEETS
                         September 30 and March 31, 2006
                             (Stated in US Dollars)
<table>
<caption>
                                                                               September 30,         March 31,
ASSETS                                                                             2006                 2006
------                                                                             ----                 ----

                                                                        <c>                   <c>
Current
    Cash                                                                    $              525   $           5,671
     Prepaid expenses                                                                      500                   -
                                                                            ------------------   -----------------
                                                                            $            1,025   $           5,671
                                                                            ==================   =================


LIABILITIES

Current
    Accounts payable and accrued liabilities                                $            9,500   $          11,493
     Notes payable                                                                       5,900                   -
                                                                            ------------------   -----------------

                                                                            $           15,400   $          11,493

STOCKHOLDER'S EQUITY

Capital stock
    Authorized:
            75,000,000  common shares with a par value of $0.001
    Issued and outstanding:
             7,750,000  common shares (March 31, 2006: 7,750,000)                        7,750               7,750
Additional paid-in capital                                                              12,350              12,350
Deficit accumulated during the pre-exploration stage                                   (34,475)            (25,922)
                                                                            ------------------   -----------------

                                                                                       (14,375)             (5,822)
                                                                            -------------------  ------------------

                                                                            $            1,025   $           5,671
                                                                            ==================   =================
</table>



Nature and Continuance of Operations (Note 1)



                             See Accompanying Notes

<page>

                             ZANDARIA VENTURES INC.
                         (An Exploration Stage Company)
                         INTERIM STATEMENT OF OPERATIONS
                     For the six months ended September 30,
               2006 and 2005 and for the period February 23, 2005
                    (Date of Inception) to September 30, 2006
                             (Stated in US Dollars)
<table>
<caption>
                                                                                                               Cumulative from
                                                                                                              February 23, 2005
                                                  Three months ended                 Six months ended        (Date of Inception)
                                                    September 30,                     September 30,           to September 30,
                                                2006             2005           2006                2005             2006
                                                ----             ----           ----                ----             ----
Expenses
--------

                                       <c>             <c>               <c>              <c>              <c>
Management fees                            $       -       $        -        $    2,300      $          -      $      4,100
Professional fees                               2,569           4,300             4,069             4,600            23,088
Consulting fees                                  (495)              -                 -                 -                 -
Organizational costs                                -               -                 -                 -               500
Geological, mineral, prospect costs                 -               -                 -                 -             2,500
General and administrative costs                2,161             598             2,184               734             4,287
                                           ----------      ----------        ----------       -----------      ------------

Net loss for the period                    $   (4,235)     $   (4,898)       $   (8,553)     $     (5,334)     $    (34,475)
                                           ==========      ==========        ==========       ===========      =============

Basic and diluted loss per share                                             $    (0.00)     $      (0.00)
                                                                             ==========       ===========

Weighted average number of shares
 outstanding                                                                  7,750,000         7,750,000
                                                                             ==========       ===========
</table>



                             See Accompanying Notes

<page>

                             ZANDARIA VENTURES INC.
                         (An Exploration Stage Company)
                         INTERIM STATEMENT OF CASH FLOWS
                     For the period ended September 30, 2006
                  and 2005 and for the period February 23, 2005
                    (Date of Inception) to September 30, 2006
                             (Stated in US Dollars)

<table>
<caption>
                                                                                                        Cumulative from
                                                                                                       February 23, 2005
                                                                            Six months ended           (Date of Inception)
                                                                             September 30,              to September 30,
                                                                        2006                 2005             2006
                                                                        ----                 ----             ----

                                                             <c>                    <c>              <c>
Operating Activities
    Net loss for the period                                     $         (8,553)      $       (5,334)  $        (34,475)
    Adjustments to reconcile loss to cash used by
     operating activities:
       Shareholder advances                                                    -                    -                  -
       Prepaid expenses                                                     (500)                   -               (500)
          Notes payable                                                    5,900                    -              5,900
       Accounts payable and accrued liabilities                           (1,993)                (101)             9,500
                                                                -----------------     ----------------  -----------------

                                                                          (5,146)              (5,435)           (19,575)

Investing Activities                                                           -                    -                  -
                                                                -----------------     ----------------  -----------------

Financing Activities
    Common stock issued for cash                                               -                    -             20,100
                                                                -----------------     ----------------  -----------------


Increase (decrease) in cash during the period                             (5,146)              (5,435)               525

Cash, beginning of the period                                              5,671               15,880                  -
                                                                -----------------     ----------------  -----------------

Cash, end of the period                                         $            525       $       10,445   $            525
                                                                =================     ================  =================
</table>



                             See Accompanying Notes

<page>

                             ZANDARIA VENTURES INC.
                         (An Exploration Stage Company)
             INTERIM STATEMENT OF STOCKHOLDER'S EQUITY (DEFICIENCY)
             for the period February 23, 2005 to September 30, 2006
                             (Stated in US Dollars)
<table>
<caption>
                                                                                     Deficit
                                                                                   Accumulated
                                             Common Stock           Additional     During the
                                      Number of                      Paid-in      Exploration
                                       Shares         Amount         Capital         Stage           Total
                                       ------         ------         -------         -----           -----

                               <c>            <c>            <c>              <c>            <c>
Balance, February 23, 2005                    -   $        -      $         -     $          -  $         -

Shares issued at $0.001               2,500,000        2,500                -                -        2,500
Shares issued at $0.003                 700,000          700            1,400                -        2,100
Shares issued at $0.0025              4,000,000        4,000            6,000                -       10,000
Shares issued at $0.01                  550,000          550            4,950                -        5,500
Net loss for the period                       -            -                -             (820)        (820)
                                    -----------  -----------      -----------     ------------  -----------
Balance, March 31, 2005               7,750,000   $    7,750      $    12,350     $      (820)  $    19,280

Net loss for the period                       -            -                -          (25,102)     (25,102)
                                    -----------  -----------      -----------     ------------  -----------

Balance, March 31, 2006               7,750,000   $    7,750      $    12,350     $    (25,922) $   (5,822)

Net loss for the period                       -            -                -           (8,553)     (8,553)
                                    -----------  -----------      -----------     ------------  -----------
Balance, September 30, 2006           7,750,000   $    7,750      $    12,350     $    (34,475) $  (14,375)
                                    ===========  ===========      ===========     ============  ===========
</table>



                             See Accompanying Notes

<page>

                             ZANDARIA VENTURES INC.
                         (An Exploration Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                               September 30, 2006


Note 1   Nature and Continuance of Operations
         ------------------------------------
         The  Company  was  incorporated  in the State of Nevada on February 23,
         2005 and is in the  exploration  stage.  The  Company  has  acquired  a
         mineral  property located in the Province of British  Columbia,  Canada
         and has not yet determined whether this property contains reserves that
         are economically  recoverable.  The  recoverability of amounts from the
         property  will  be  dependent   upon  the  discovery  of   economically
         recoverable  reserves,  confirmation  of the Company's  interest in the
         underlying  property,  the ability of the  Company to obtain  necessary
         financing to satisfy the  expenditure  requirements  under the property
         agreement  and to complete  the  development  of the  property and upon
         future profitable production or proceeds for the sale thereof.

         These  financial  statements  have  been  prepared  on  a going concern
         basis.   The  Company  has  accumulated  a  deficit  of  $34,475  since
         inception,  has yet to achieve profitable operations and further losses
         are anticipated in the development of its business, raising substantial
         doubt about the Company's  ability to continue as a going concern.  Its
         ability to continue as a going concern is dependent upon the ability of
         the Company to generate  profitable  operations in the future and/or to
         obtain the necessary  financing to meet its  obligations  and repay its
         liabilities arising from normal business operations when they come due.
         These  financial  statements  do not  include  any  adjustments  to the
         amounts  and  classification  of  assets  and  liabilities  that may be
         necessary  should the Company be unable to continue as a going concern.
         The Company  anticipates that additional funding will be in the form of
         equity  financing  from the sale of common stock.  The Company may also
         seek to obtain  short-term  loans from the  directors  of the  Company.
         There are no  current  arrangements  in place  for  equity  funding  or
         short-term loans.

         The Company has adopted March 31 as its fiscal year-end.

Note 2   Summary of Significant Accounting Policies
         ------------------------------------------
         Basis of Presentation
         ---------------------
         The  financial   statements  of  the  Company  have  been  prepared  in
         accordance with accounting  principles generally accepted in the United
         States of America.  Because a precise  determination of many assets and
         liabilities  is  dependent  upon  future  events,  the  preparation  of
         financial  statements  for a  period  necessarily  involves  the use of
         estimates which have been made using careful  judgment.  Actual results
         may vary from these estimates.

         The financial statements have, in management's  opinion,  been properly
         prepared  within the framework of the significant  accounting  policies
         summarized as follows:

<page>

ZANDARIA VENTURES INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
September 30, 2006 - Page 2


Note 2   Summary of Significant Accounting Policies - (cont'd)
         ------------------------------------------

         Exploration Stage Company
         -----------------------------
         The  Company   complies   with  Financial  Accounting  Standard   Board
         Statement  ("FAS") No. 7 and The  Securities  and  Exchange  Commission
         Exchange  Act  Guide  7 for  its  characterization  of the  Company  as
         pre-exploration stage.

         Mineral Property Costs
         ----------------------
         Mineral  property  acquisition,  exploration and development  costs are
         expensed  as  incurred  until  such  time  as  economic   reserves  are
         quantified.  From that time forward,  the Company will  capitalize  all
         costs to the extent that future cash flows from mineral  reserves equal
         or exceed the costs deferred. The deferred costs will be amortized over
         the recoverable reserves when a property reaches commercial production.
         Costs  related to site  restoration  programs  will be accrued over the
         life of the  project.  To date,  the  Company has not  established  any
         proven reserves on its mineral properties.

         Financial Instruments
         ---------------------
         The  carrying   value   of  cash,   accounts    payable   and   accrued
         liabilities  and  due to  shareholder  approximates  their  fair  value
         because of the short maturity of these  instruments.  Unless  otherwise
         noted,  it is  management's  opinion that the Company is not exposed to
         significant  interest,  currency  or credit  risks  arising  from these
         financial instruments.

         Environmental Costs
         -------------------
         Environmental  expenditures  that  relate  to  current  operations  are
         expensed or capitalized as appropriate.  Expenditures that relate to an
         existing  condition  caused  by  past  operations,  and  which  do  not
         contribute  to  current or future  revenue  generation,  are  expensed.
         Liabilities are recorded when environmental assessments and/or remedial
         efforts  are  probable,  and  the  cost  can be  reasonably  estimated.
         Generally,  the timing of these accruals  coincides with the earlier of
         completion of a feasibility study or the Company's  commitments to plan
         of action based on the then known facts.

<page>

ZANDARIA VENTURES INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
September 30, 2006 - Page 3


Note 2   Summary of Significant Accounting Policies - (cont'd)
         ------------------------------------------

         Income Taxes
         ------------
         The  Company  uses  the  assets and liability  method of accounting for
         income taxes  pursuant to FAS No. 109  "Accounting  for Income  Taxes".
         Under the assets and  liability  method of FAS No.  109,  deferred  tax
         assets and liabilities  are recognized for the future tax  consequences
         attributable to temporary  differences between the financial statements
         carrying   amounts  of  existing   assets  and  liabilities  and  their
         respective tax bases.  Deferred tax assets and liabilities are measured
         using  enacted  tax rates  expected  to apply to taxable  income in the
         years in which those temporary differences are expected to be recovered
         or settled.

         Basic and Diluted Loss Per Share
         --------------------------------
         The Company reports basic loss per share in accordance with the FAS No.
         128,  "Earnings Per Share".  Basic loss per share is computed using the
         weighted  average  number  of shares  outstanding  during  the  period.
         Diluted loss per share has not been provided as there are no additional
         securities,  financial  instruments  or other  items that could  affect
         earnings per share.

         New Accounting Standards
         ------------------------
         Management  does not  believe  that any  recently  issued,  but not yet
         effective,  accounting  standards  if  currently  adopted  could have a
         material effect on the accompanying financial statements.

Note 3   Mineral Property
         ----------------
         On  April  5,  2005,   the  Company  entered  into a purchase  and sale
         agreement,  which  was  amended  on April 6,  2006,  to  acquire a 100%
         interest in a mineral claim located in British Columbia, Canada.

         In order to earn the interest, the Company is required to:

a)       pay $2,500 on execution of the agreement (paid March 29, 2005);
b)       pay $1,000 for amendment of the agreement (not paid);
c)       pay $17,500 on or before April 5, 2007

         This agreement is subject to a 2 1/2% net smelter  royalty and a 7 1/2%
         gross rock royalty for a total of $20,000.

<page>

ZANDARIA VENTURES INC.
(An Exploration Stage Company)
NOTES TO FINANCIAL STATEMENTS
September 30, 2006 - Page 4


Note 4   Related Party Transaction
         -------------------------
         The Company incurred  $2,300 ($1,800  -  March 31, 2006) for management
         fees to the President and CEO of the Company.

Note 5   Notes Payable
         ------------------
         The notes  payable are payable upon demand and bears no  interest.  The
         holder  has an option to  convert  a  portion  or all of the  Principal
         amount  into  common  shares of the  Company  at the rate of $0.001 per
         share.  $900 of the convertible  notes payable belongs to the President
         and CEO of the Company.

         August 4, 2006           $5,000.00
         September 1, 2006           900.00
                               ------------
                                  $5,900.00

Note 6   Other Events
         -----------------
         The Company's  registration  statement on Form SB-2 with the Securities
         and Exchange Commission for the public distribution of 5,250,000 common
         shares by existing  shareholders was declared  effective  September 11,
         2006.


<page>



Forward-Looking Statements

This Form 10-QSB includes "forward-looking statements" within the meaning of the
"safe-harbor"  provisions  of the Private  Securities  Litigation  Reform Act of
1995.  Such statements are based on management's  current  expectations  and are
subject to a number of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements.

All statements  other than  historical  facts  included in this Form,  including
without  limitation,   statements  under  "Plan  of  Operation",  regarding  our
financial  position,  business strategy,  and plans and objectives of management
for the future operations, are forward-looking statements.

Although we believe  that the  expectations  reflected  in such  forward-looking
statements are reasonable,  it can give no assurance that such expectations will
prove to have been correct. Important factors that could cause actual results to
differ materially from our expectations  include, but are not limited to, market
conditions, competition and the ability to successfully complete financing.


Item 2. Plan of Operation

Our plan of operation for the next twelve months is to complete the  recommended
phase  one and two  exploration  programs  on the Chip  claims  consisting  of a
geological  mapping,  prospecting and geochemical  sampling.  We anticipate that
these  exploration   programs  will  cost   approximately   $8,600  and  $34,000
respectively. To date, we have not commenced exploration on the Chip claims.

We do not have any verbal or written  agreement  regarding  the retention of any
qualified engineer or geologist for this exploration program.

As well, we anticipate  spending an additional  $15,000 on administrative  fees,
including  fees  payable  in  connection  with the  filing of this  registration
statement  and complying  with  reporting  obligations.  We will also require an
additional $17,500 in order to exercise the option respecting the Chip property.

Total expenditures over the next 12 months are therefore expected to be $75,100.

While  we have  enough  funds to  cover  the  estimated  cost of the  phase  one
exploration  program,  we will  require  additional  funding  in  order to cover
administrative costs, phase two exploration costs and any additional recommended
exploration  on the Chip  claims  following  the  completion  of the  phase  two
program. Our current cash on hand is sufficient for approximately six months. We
will have to raise  additional  funds within that time period in order to affect
our plan of operations.  We anticipate  that  additional  funding will be in the
form of equity  financing  from the sale of our  common  stock or from  director
loans. We do not have any  arrangements in place for any future equity financing
or loans.

<page>

Results of Operations for the Period Ended September 30, 2006

We did not earn any revenues  during the  six-month  period ended  September 30,
2006. We do not  anticipate  earning  revenues  unless we enter into  commercial
production on the Chip claims, which is doubtful.

We incurred  operating expenses in the amount of $8,553 for the six-month period
ended  September  30,  2006.   These   operating   expenses  were  comprised  of
professional  fees  of  $4,069,  management  fees  of  $2,300  and  general  and
administrative costs of $2,184.

Our net loss  for the  six-month  period  ended  September  30,  2006  increased
slightly from the comparative period in fiscal 2005 (2006: $8,553; 2005: $5,334)
due to an increase in  management  fees paid to our president and an increase in
general and administrative costs.

At September 30, 2006, we had total assets of $1,025, consisting of $525 in cash
and prepaid  expenses of $500. At the same date,  our  liabilities  consisted of
accounts  payable and accrued  liabilities of $9,500 and a note payable from our
president for $5,900.

We have not attained  profitable  operations  and are dependent  upon  obtaining
financing  to pursue  exploration  activities.  For these  reasons our  auditors
believe  that there is  substantial  doubt that we will be able to continue as a
going concern.

Item 3 Controls and Procedures

Evaluation of Disclosure Controls

We evaluated the  effectiveness of our disclosure  controls and procedures as of
September 30, 2006.  This  evaluation was conducted by Steven Cozine,  our chief
executive officer and principal accounting officer.

Disclosure  controls  are  controls  and other  procedures  that are designed to
ensure that  information that we are required to disclose in the reports we file
pursuant  to  the  Securities  Exchange  Act of  1934  is  recorded,  processed,
summarized and reported.

Limitations on the Effective of Controls

Our  management  does not expect that our  disclosure  controls or our  internal
controls over  financial  reporting  will prevent all error and fraud. A control
system, no matter how well conceived and operated,  can provide only reasonable,
but no absolute,  assurance  that the  objectives  of a control  system are met.
Further, any control system reflects limitations on resources,  and the benefits
of a control system must be considered  relative to its costs. These limitations
also include the realities that judgments in  decision-making  can be faulty and
that  breakdowns  can occur  because of simple  error or mistake.  Additionally,
controls  can be  circumvented  by the  individual  acts  of  some  persons,  by
collusion of two or more people or by management override of a control. A design
of a control  system is also  based upon  certain  assumptions  about  potential
future conditions;  over time, controls may become inadequate because of changes
in conditions,  or the degree of compliance  with the policies or procedures may
deteriorate.  Because of the inherent  limitations in a  cost-effective  control
system, misstatements due to error or fraud may occur and may not be detected.

<page>

Conclusions

Based upon his  evaluation  of our  controls,  our chief  executive  officer and
principal  accounting  officer,  has concluded that,  subject to the limitations
noted  above,  the  disclosure  controls  are  effective  providing   reasonable
assurance that material  information  relating to us is made known to management
on a timely basis during the period when our reports are being  prepared.  There
were no  changes in our  internal  controls  that  occurred  during the  quarter
covered by this report that have materially  affected,  or are reasonably likely
to materially affect our internal controls.


PART II- OTHER INFORMATION

Item 1. Legal Proceedings

The Company is not a party to any pending  legal  proceeding.  Management is not
aware of any threatened litigation, claims or assessments.

Item 2. Changes in Securities


None.


Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits and Report on Form 8-K

 31.1     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
 31.2     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 32.1     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 32.2     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

We did not file any current reports on Form 8-K during the period.

<page>

SIGNATURES

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

November 15, 2006


Zandaria Ventures Inc.


/s/ Steven Cozine
------------------------------
Steven Cozine, President