| Delaware                                                                                    | 20-2903252                                                           |
|---------------------------------------------------------------------------------------------|----------------------------------------------------------------------|
| (State                or other jurisdiction ofincorporation                or organization) | (I.R.S.                employeridentification                number) |

| 1063                Hillsboro Mile, Suite 502 Hillsboro                Beach, FL | 33062                     |
|----------------------------------------------------------------------------------|---------------------------|
| (Address                of principal executive offices)                          | (Zip                Code) |

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**SRKP      5, INC.**

**-      INDEX -**

|                                                   |   |                                                                                                                                                                                                                                                             |   | Page   |
|---------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| **PART                I- FINANCIAL INFORMATION:** |   |                                                                                                                                                                                                                                                             |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                1.                            |   | Financial                Statements:                                                                                                                                                                                                                             |   | 1      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
|                                                   |   | Balance                Sheets - March 31, 2007 (unaudited)                                                                                                                                                                                                  |   | 2      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
|                                                   |   | Statements                of Operations (unaudited) for the Three months ending March 31, 2007                and 2006, and for the Cumulative Period during the Development Stage                (May 24, 2005 to March 31, 2007)                     |   | 3      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
|                                                   |   | Statements                of Cash Flows (unaudited) for the Three months ending March 31, 2007                and                2006, and for the Cumulative Period during the Development Stage                (May 24,                2005 to March 31, 2007) |   | 4      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
|                                                   |   | Notes                to Financial Statements                                                                                                                                                                                                                     |   | 5      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                2.                            |   | Management's                Discussion and Analysis or Plan of Operation                                                                                                                                                                                         |   | 7      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                3.                            |   | Controls                and Procedures                                                                                                                                                                                                                           |   | 7      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| **PART              II - OTHER INFORMATION**:     |   |                                                                                                                                                                                                                                                             |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                1.                            |   | Legal                Proceedings                                                                                                                                                                                                                                 |   | 7      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                2.                            |   | Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                       |   | 7      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                3.                            |   | Defaults                Upon Senior Securities                                                                                                                                                                                                                   |   | 8      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                4.                            |   | Submission                of Matters to a Vote of Security Holders                                                                                                                                                                                               |   | 8      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                5.                            |   | Other                Information                                                                                                                                                                                                                                 |   | 8      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Item                6.                            |   | Exhibits                                                                                                                                                                                                                                                         |   | 8      |
|                                              |   |                                                                                                                                                                                                                                                             |   |   |
| Signatures                                        |   | 9                                                                                                                                                                                                                                                                |

----

**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

----

**SRKP        5, INC. **

**(A          Development Stage Company) **

**BALANCE            SHEET**

|                                                              |   |   |                               |   |
|-------------------------------------------------------------------|--------|--------|------------------------------------|--------|
|                                                                   |   |   | **March                31,**  |   |
|                                                              |   |   | **2007**                           |   |
|                                                                   |   |   | **(Unaudited)**               |   |
| **ASSETS**                                                        |   |   |                               |   |
| **CURRENT                ASSETS:**                                |   |   |                               |   |
| Cash                                                              |   | $      | 5,001                              |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)** |   |   |                               |   |

|                                                               |   |   |    |   |
|--------------------------------------------------------------------|--------|--------|---------|--------|
| **CURRENT                LIABILITIES:**                            |   |   |    |   |
| Due                to Stockholders                                 |   | $      | 32,500  |   |
|                                                               |   |   |    |   |
| **COMMITMENTS                AND CONTINGENCIES**                   |   |   |    |   |
|                                                               |   |   |    |   |
| **STOCKHOLDERS'                EQUITY (DEFICIT):**                 |   |   |    |   |
| Preferred                stock, $.0001 par value                   |   |   |    |   |
| 10,000,000                shares authorized, none issued           |   |   | — |   |
| Common                stock, $.0001 par value                      |   |   |    |   |
| 100,000,000                shares authorized, 2,700,000 issued and |   |   |    |   |
| outstanding                                                        |   |   | 270     |   |
| Additional                paid-in capital                          |   |   | 24,730  |   |
| (Deficit)                accumulated during development stage      |   |   | (52,499 | )      |
|                                                               |   |   |    |   |
| Total                Stockholders' Equity (Deficit)                |   |   | (27,499 | )      |
|                                                               |   |   |    |   |
|                                                               |   | $      | 5,001   |   |

**SEE        ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

----

**SRKP          5, INC.**

**(A          Development Stage Company)**

**STATEMENTS          OF OPERATIONS**

**(Unaudited)**

|                                                 |   |                            |                              |                            |   | **Cumulative                from** |   |
|------------------------------------------------------|--------|---------------------------------|-----------------------------------|---------------------------------|--------|------------------------------------|--------|
|                                                 |   | **Three                Months** |                              | **Three                Months** |   | **May                24, 2005**    |   |
|                                                 |   |                            | **Ended**                         |                            |   | **Ended**                          |   |   | **(Inception)                to** |   |
|                                                 |   |                            | **March                31, 2007** |                            |   | **March                31, 2006**  |   |   | **March                31, 2007** |   |
|                                                 |   |                            |                              |                            |   |                               |   |   |   |   |
| **REVENUE**                                          |   | $                               | —                           |                            | $      | —                            |   | $ | — |   |
|                                                 |   |                            |                              |                            |   |                               |   |   |   |   |
| **EXPENSES**                                         |   |                            | 5,074                             |                            |   | 1,987                              |   |   | 52,499 |   |
|                                                 |   |                            |                              |                            |   |                               |   |   |   |   |
| **NET                (LOSS)**                        |   | $                               | (5,074                            | )                               | $      | (1,987                             | )      | $ | (52,499 | ) |
|                                                 |   |                            |                              |                            |   |                               |   |   |   |   |
| **NET                (LOSS) PER COMMON SHARE-BASIC** |   | $                               | *                                 |                            | $      | *                                  |   |   |   |   |
|                                                 |   |                            |                              |                            |   |                               |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF**        |   |                            |                              |                            |   |                               |   |   |   |   |
| **COMMON                SHARES OUTSTANDING**         |   |                            | 2,700,000                         |                            |   | 2,700,000                          |   |   |   |   |
|                                                 |   |                            |                              |                            |   |                               |   |   |   |   |

| ***** | Less                  than $.01 |
|-------|---------------------------------|

**SEE          ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

----

**SRKP        5, INC.**

**(A        Development Stage Company)**

**STATEMENTS        OF CASH FLOWS**

**(Unaudited)**

|                                                           |   |                              |   |                              |   | **Cumulative                from** |   |
|----------------------------------------------------------------|--------|-----------------------------------|--------|-----------------------------------|--------|------------------------------------|--------|
|                                                           |   | **Three                Months**   |   | **Three                Months**   |   | **May                24, 2005**    |   |
|                                                           |   | **Ended**                         |   | **Ended**                         |   | **(Inception)                to**  |   |
|                                                           |   | **March                31, 2007** |   | **March                31, 2006** |   | **March                31, 2007**  |   |
| **CASH                FLOWS FROM (TO) OPERATING ACTIVITIES:**  |   |                              |   |                              |   |                               |   |
| Net                (loss)                                      |   | $                                 | (5,074 | )                                 | $      | (1,987                             | )      | $ | (52,499 | ) |
|                                                           |   |                              |   |                              |   |                               |   |   |   |   |
| Adjustments                to reconcile net (loss) to net cash |   |                              |   |                              |   |                               |   |   |   |   |
| provided                by (used in) operating activities:     |   |                              |   |                              |   |                               |   |   |   |   |
| Changes                in:                                     |   |                              |   |                              |   |                               |   |   |   |   |
| Accounts                Payable                                |   |                              | -      |                              |   | 400                                |   |   | - |   |
|                                                           |   |                              |   |                              |   |                               |   |   |   |   |
| Net                Cash (Used In) Operating Activities         |   |                              | (5,074 | )                                 |   | (1,587                             | )      |   | (52,499 | ) |
|                                                           |   |                              |   |                              |   |                               |   |   |   |   |
| **CASH                FLOWS FROM (TO) FINANCING ACTIVITIES:**  |   |                              |   |                              |   |                               |   |   |   |   |
| Common                stock issued for cash                    |   |                              | -      |                              |   | -                                  |   |   | 25,000 |   |
| Advances                from Stockholders                      |   |                              | 5,000  |                              |   | -                                  |   |   | 32,500 |   |
|                                                           |   |                              |   |                              |   |                               |   |   |   |   |
| Net                Cash Provided by Financing Activities       |   |                              | 5,000  |                              |   | -                                  |   |   | 57,500 |   |
|                                                           |   |                              |   |                              |   |                               |   |   |   |   |
| **NET                INCREASE/(DECREASE) IN CASH AND CASH**    |   |                              |   |                              |   |                               |   |   |   |   |
| **EQUIVALENTS:**                                               |   |                              | (74    | )                                 |   | (1,587                             | )      |   | 5,001 |   |
|                                                           |   |                              |   |                              |   |                               |   |   |   |   |
| **CASH                AND CASH EQUIVALENTS, BEGINNING**        |   |                              |   |                              |   |                               |   |   |   |   |
| **OF                PERIOD**                                   |   |                              | 5,075  |                              |   | 4,609                              |   |   | - |   |
|                                                           |   |                              |   |                              |   |                               |   |   |   |   |
| **CASH                AND CASH EQUIVALENTS, END**              |   |                              |   |                              |   |                               |   |   |   |   |
| **OF                PERIOD**                                   |   | $                                 | 5,001  |                              | $      | 3,022                              |   | $ | 5,001 |   |
|                                                           |   |                              |   |                              |   |                               |   |   |   |   |

**SEE        ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

----

**SRKP      5, INC.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**History**

**Going      Concern and Plan of Operation**

**Income      Taxes**

**Deferred      Offering Costs**

**Cash      and Cash Equivalents**

----

**SRKP      5, INC.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**NOTE      1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**

**Concentrations      of Credit Risk**

**Earnings      Per Common Share**

**Use      of Estimates in the Preparation of Financial      Statements**

**Recently      Issued Accounting Pronouncements**

**NOTE      2 - STOCKHOLDERS' EQUITY **

**NOTE      3 - RELATED PARTY TRANSACTIONS **

**NOTE      4 - DUE TO STOCKHOLDERS**

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**Item      2. Management’s Discussion and Analysis or Plan of Operation.**

**Item      3. Controls and Procedures.**

**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings.**

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

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**Item      3. Defaults Upon Senior Securities.**

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

**Item      5. Other Information.**

**Item      6. Exhibits **

|  Exhibit                No. |   | Description                                                                                                                                                                                                                                                                                          |   |
|----------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                             |   |                                                                                                                                                                                                                                                                                                 |   |
| *3.1                             |   | Certificate                of Incorporation, as filed with the Delaware Secretary of State on                May 24,                2005.                                                                                                                                                            |   |
|                             |   |                                                                                                                                                                                                                                                                                                 |   |
| *3.2                             |   | By-Laws.                                                                                                                                                                                                                                                                                             |   |
|                             |   |                                                                                                                                                                                                                                                                                                      |   |
| 31.1                             |   | Certification                of the Company’s Principal Executive Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-QSB for the quarter ended March 31,                2007. |   |
|                             |   |                                                                                                                                                                                                                                                                                                 |   |
| 31.2                             |   | Certification                of the Company’s Principal Financial Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-QSB for the quarter ended March 31,                2007. |   |
|                             |   |                                                                                                                                                                                                                                                                                                 |   |
| 32.1                             |   | Certification                of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002.                                                               |   |
|                             |   |                                                                                                                                                                                                                                                                                                      |   |
| 32.2                             |   | Certification                of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002.                                                               |   |

| * | Filed                as an exhibit to the Company's Registration Statement on Form 10-SB,                as                filed with the Securities and Exchange Commission on August 3, 2005,                and                incorporated herein by this                reference. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                             |                      |                                       |
|----------------------------------|---------------------------|--------------------------------------------|
|                             | SRKP              5, INC. |
|                        |                 |                                  |
| Dated:              May 14, 2007 | By:             | /s/ Richard              A. Rappaport |
|                             | Name:                     |  Richard              A. Rappaport    |
|                             | Title:                    |  President                            |

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