| Delaware                                                                                    |   | 20-2903252                                                           |
|---------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|
| (State                or other jurisdiction ofincorporation                or organization) |   | (I.R.S.                employeridentification                number) |
|                                                                                        |   |                                                                 |
| 1900                Avenue of the Stars, Suite 310, Los Angeles, CA                         |   | 90067                                                                |
| (Address                of principal executive offices)                                     |   | (Zip                Code)                                            |

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**SRKP      5, 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.                          | Unregistered                Sales of Equity Securities and Use of  Proceeds                                                                                                                                                                      | 7       |
|                                            |                                                                                                                                                                                                                                                  |    |
| Item                3.                          | Controls                and Procedures                                                                                                                                                                                                                | 7       |
|                                            |                                                                                                                                                                                                                                                  |    |
| **PART                II - OTHER INFORMATION**: |                                                                                                                                                                                                                                                  |
|                                            |                                                                                                                                                                                                                                                  |    |
| Item                1.                          | Legal                Proceedings                                                                                                                                                                                                                      | 8       |
|                                            |                                                                                                                                                                                                                                                  |    |
| Item                2.                          | Changes                in Securities                                                                                                                                                                                                                  | 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                                                                                                                                                                                                                                                     |

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**PART      I –      FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

**1**

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**SRKP      5, INC.**

**(A      Development Stage Company)**

**BALANCE      SHEETS**

**ASSETS**

|                                                                                                                                                |   | **March                31,****2006** |    | **December                31,****2005** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|---------|-----------------------------------------|--------|
|                                                                                                                                                |   | **(Unaudited)**                      |    |                                    |   |
| **ASSETS**                                                                                                                                          |   |                                 |    |                                    |   |   |   |
|  Cash                                                                                                                                          |   | $                                    | 3,022   |                                    | $      | 4,609 |   |
|                                                                                                                                                |   | $                                    | 3,022   |                                    | $      | 4,609 |   |
| **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                                                                                       |   |                                 | (34,878 | )                                       |   | (32,891 | ) |
| Total                Stockholders’ Equity (Deficit)                                                                                           |   |                                 | (9,878  | )                                       |   | (7,891 | ) |
|                                                                                                                                                |   | $                                    | 3,022   |                                    | $      | 4,609 |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

**2**

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**SRKP      5, 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**                                                            |   |                                                                                                | 1,987     |                                                                                                                                  |   | 34,878 |   |
| **NET                (LOSS)**                                           |   | $                                                                                                   | (1,987    | )                                                                                                                                     | $      | (34,878 | ) |
| ***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**

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**SRKP      5, 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)                                     |   | $                                                                                                   | (1,987  | )                                                                                                                                     | $      | (34,878 | ) |
| Increase                in Accounts Payable                   |   |                                                                                                | 400     |                                                                                                                                  |   | 400 |   |
| Net                Cash (Used in) Operating Activities        |   |                                                                                                | (1,587  | )                                                                                                                                     |   | (34,478 | ) |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**      |   |                                                                                                |    |                                                                                                                                  |   |   |   |
| Common                stock issued for cash                   |   |                                                                                                | — |                                                                                                                                  |   | 25,000 |   |
| Advances                from stockholders                     |   |                                                                                                | — |                                                                                                                                  |   | 12,500 |   |
| Net                Cash Provided by Financing Activities      |   |                                                                                                |    |                                                                                                                                  |   | 37,500 |   |
| **NET                CHANGE IN CASH**                         |   |                                                                                                | (1,587  | )                                                                                                                                     |   | 3,022 |   |
| **BEGINNING                CASH**                             |   |                                                                                                | 4,609   |                                                                                                                                  |   | — |   |
| **ENDING                CASH**                                |   | $                                                                                                   | 3,022   |                                                                                                                                  | $      | 3,022 |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

**4**

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**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**

**5**

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**SRKP      5, 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**

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

**Item      3. Controls and Procedures.**

**7**

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**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 for the 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**

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**SIGNATURES**

|                                                |                                         |                               |
|-----------------------------------------------------|----------------------------------------------|------------------------------------|
|  Dated:              May              12, 2006 | SRKP              5,              Inc.       |
|                                           |                                    |                          |
|                                                | By:                                | /s/              Richard Rappaport |
|                                                | Richard                A. RappaportPresident |

**9**

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