| Delaware                                                                                            |   | 20-2903526                                                 |
|-----------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------|
| (State                    or other jurisdiction ofincorporation                    or organization) |   | (I.R.S.                    employer identification number) |

| 1900                    Avenue of the Stars,  Suite 310Los Angeles,                    CA |   | 90067                         |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------|
| (Address                    of principal executive offices)                                         |   | (Zip                    Code) |

----

----

**SRKP        7, INC.**

**-        INDEX -**

|                                                                                                  |   |   | Page(s)       |   |
|-------------------------------------------------------------------------------------------------------|--------|--------|---------------|--------|
|  **PART                I- FINANCIAL INFORMATION:**                                               |   |   |          |   |
|                                                                                                  |   |   |          |   |
| Item                  1. Financial Statements:                                                        |   |   | 1   |   |
|                                                                                                  |   |   |          |   |
| Balance                  Sheets - March 31, 2006 (unaudited) and December 31, 2005                    |   |   | 2             |   |
|                                                                                                  |   |   |          |   |
| Statements                  of Operations (unaudited) for the three months ended                      |   |   |          |   |
| March                  31, 2006 and for the cumulative period during the development stage            |   |   |          |   |
| (May                  24, 2005 to March 31, 2006)                                                     |   |   | 3             |   |
|                                                                                                  |   |   |          |   |
| Statements                  of Cash Flows (unaudited) for the three months ended                      |   |   |          |   |
| March                  31, 2006 and for the cumulative period during the development                  |   |   |          |   |
| stage                  (May 24, 2005 to March 31, 2006)                                               |   |   | 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                                                            |   |   | 8             |   |
|                                                                                                  |   |   |          |   |
| Item                  2. Unregistered Sales of Equity Securities and Use of                  Proceeds |   |   | 8             |   |
|                                                                                                  |   |   |          |   |
| 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.**

**1**

----

**SRKP        7, INC.**

**(A        Development Stage Company)**

**BALANCE        SHEETS**

**ASSETS**

|                                                                                                                                                      |   | **March                    31,**2006 |    | **December                    31,**2005 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|---------|-----------------------------------------|--------|
|                                                                                                                                                      |   | **(Unaudited)**                      |    |                                    |   |
| **ASSETS**                                                                                                                                                |   | $                                    | 3,035   |                                    | $      | 4,631 |   |
|  Cash                                                                                                                                                |   |                                 |    |                                    |   |   |   |
|                                                                                                                                                      |   | $                                    | 3,035   |                                    | $      | 4,631 |   |
| **LIABILITIES                  AND STOCKHOLDERS’ EQUITY (DEFICIT)**                                                                                 |   |                                 |    |                                    |   |   |   |
|  **LIABILITIES**                                                                                                                                     |   |                                 |    |                                    |   |   |   |
| Accounts                  Payable                                                                                                                         |   | $                                    | 400     |                                    | $      | - |   |
| Due                  to Stockholders                                                                                                                      |   |                                 | 12,500  |                                    |   | 12,500 |   |
|                                                                                                                                                      |   |                                 |    |                                    |   |   |   |
| Total                  Liabilities                                                                                                                        |   |                                 | 12,900  |                                    |   | 12,500 |   |
|                                                                                                                                                      |   |                                 |    |                                    |   |   |   |
|                                                                                                                                                      |   |                                 |    |                                    |   |   |   |
| **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                  shares                  issued and outstanding |   |                                 | 270     |                                    |   | 270 |   |
| Additional                  paid-in capital                                                                                                               |   |                                 | 24,730  |                                    |   | 24,730 |   |
|                                                                                                                                                      |   |                                 |    |                                    |   |   |   |
| (Deficit)                  accumulated during development stage                                                                                           |   |                                 | (34,865 | )                                       |   | (32,869 | ) |
|                                                                                                                                                      |   |                                 |    |                                    |   |   |   |
| Total                  Stockholders’ Equity (Deficit)                                                                                               |   |                                 | (9,865  | )                                       |   | (7,869 | ) |
|                                                                                                                                                      |   |                                 |    |                                    |   |   |   |
|                                                                                                                                                      |   | $                                    | 3,035   |                                    | $      | 4,631 |   |
|                                                                                                                                                      |   |                                 |    |                                    |   |   |   |
|                                                                                                                                                      |   |                                 |    |                                    |   |   |   |

**SEE        ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

**2**

----

**SRKP        7, INC.**

**(A        Development Stage Company)**

**STATEMENTS        OF OPERATIONS**

|                                                                      |   | **For                  the Three Months Ended* *****March                  31,****2006** |      | **Cumulative*** ***from                    May 24, (2005 Inception) To March 31, 2006** |   |
|---------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------|-----------|----------------------------------------------------------------------------------------------|--------|
|                                                                      |   | **(Unaudited)**                                                                               |      | **(Unaudited)**                                                                              |   |
| **REVENUE**                                                               |   | $                                                                                             | -         |                                                                                         | $      | - |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
| **EXPENSES**                                                              |   |                                                                                          | 1,996     |                                                                                         |   | 34,865 |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
| **NET                  (LOSS)**                                           |   | $                                                                                             | (1,996    | )                                                                                            | $      | (34,865 | ) |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
| **NET                  (LOSS) PER COMMON SHARE - BASIC**                  |   | $                                                                                             | *         |                                                                                         | $      | (.01 | ) |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |
| **WEIGHTED                  AVERAGE NUMBER OF COMMON SHARES OUTSTANDING** |   |                                                                                          | 2,700,000 |                                                                                         |   | 2,700,000 |   |
|                                                                      |   |                                                                                          |      |                                                                                         |   |   |   |

**SEE        ACCOMPANYING FOOTNOTES TO THE FINANCIAL        STATEMENTS**

**3**

----

**SRKP        7, INC.**

**(A        Development Stage Company)**

**STATEMENT        OF CASH FLOWS**

|                                                            |   | **For The****Three                        Months****Ended****March                    31,****2006** |   | **Cumulative****from****May                            24,****2005****(Inception)****To****March                    31,****2006** |   |
|-----------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                            |   | **(Unaudited)**                                                                                     |   | **(Unaudited)**                                                                                                                   |   |
| **CASH                  FLOWS FROM (TO) OPERATING ACTIVITIES:** |   |                                                                                                |   |                                                                                                                              |   |   |   |
| Net                  (loss)                                     |   | $                                                                                                   | (1,996 | )                                                                                                                                 | $      | (34,865 | ) |
| Increase                  in Accounts Payable                   |   |                                                                                                | 400    |                                                                                                                              |   | 400 |   |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |
| Net                  Cash (Used in) Operating Activities        |   |                                                                                                | (1,596 | )                                                                                                                                 |   | (34,465 | ) |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |
| **CASH                  FLOWS FROM FINANCING ACTIVITIES:**      |   |                                                                                                |   |                                                                                                                              |   |   |   |
| Common                  stock issued for cash                   |   |                                                                                                | ---    |                                                                                                                              |   | 25,000 |   |
| Advances                  to stockholders                       |   |                                                                                                | ---    |                                                                                                                              |   | 12,500 |   |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |
| Net                  Cash Provided by Financing Activities      |   |                                                                                                | ---    |                                                                                                                              |   | 37,500 |   |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |
| **NET                  CHANGE IN CASH**                         |   |                                                                                                | (1,596 | )                                                                                                                                 |   | 3,035 |   |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |
| **BEGINNING                  CASH**                             |   |                                                                                                | 4,631  |                                                                                                                              |   | --- |   |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |
| **ENDING                  CASH**                                |   | $                                                                                                   | 3,035  |                                                                                                                              | $      | 3,035 |   |
|                                                            |   |                                                                                                |   |                                                                                                                              |   |   |   |

**SEE        ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

**4**

----

**SRKP        7, 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**

**5**

----

**SRKP        7, INC.**

**(A        Development Stage Company)**

**NOTES        TO FINANCIAL STATEMENTS**

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

**Cash        and Cash Equivalents**

**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**

**6**

----

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

**Item        3. Controls and Procedures.**

**7**

----

**PART        II — OTHER INFORMATION**

**Item        1. Legal Proceedings. **

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

**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,                    2006. |
|                           |   |                                                                                                                                                                                                                                                                                                                 |
| 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 forthe quarter ended March 31,                    2006.  |
|                           |   |                                                                                                                                                                                                                                                                                                                 |
| 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.                                                               |
|                           |   |                                                                                                                                                                                                                                                                                                                 |

**8**

----

**SIGNATURES**

|                                                    |                                           |                                      |
|---------------------------------------------------------|------------------------------------------------|-------------------------------------------|
|  Dated:                May                12, 2006 | **SRKP                7,                Inc.** |
|                                               |                                      |                                 |
|                                                    | By:                                  | /s/ Richard                Rappaport |
|                                                    | Richard A. RappaportPresident                  |
|                                                    |                                           |

**9**

----