|  Delaware                                                                                          |   |   20-2903252                                                |
|---------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|
| (State                or other jurisdiction of incorporation                or organization)  |   | (I.R.S.                employer identification                number) |
|                                                                                                    |   |                                                                  |
|  210                South Federal Highway, Suite                205                                |   |                                                                  |
|  Deerfield                Beach, FL                                                                |   |  33441                                                           |
|  (Address                of principal executive                offices)                            |   |   (Zip                Code)                                 |

----

----

**SRKP      5, INC.**

**-      INDEX -**

|                                                |                                                                                                                                                                                                                                                                  | Page(s) |
|-----------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
|                                                |                                                                                                                                                                                                                                                                  |    |
| **PART                  I- FINANCIAL INFORMATION:** |                                                                                                                                                                                                                                                                  |    |
|                                                |                                                                                                                                                                                                                                                                  |
| Item                  1.                            | Financial                  Statements:                                                                                                                                                                                                                                | 1       |
|                                                |                                                                                                                                                                                                                                                                  |
|                                                | Balance                  Sheets - June 30, 2006 (unaudited) and December 31, 2005                                                                                                                                                                                     | 2       |
|                                                |                                                                                                                                                                                                                                                                  |
|                                                | Statements                  of Operations (unaudited) for the three and six months ended June                  30, 2006                  and for the cumulative period during the development stage (May                  24, 2005                  to June 30, 2006) | 3       |
|                                                |                                                                                                                                                                                                                                                                  |    |
|                                                | Statements                  of Cash Flows (unaudited) for the six months ended June 30, 2006                  and for                  the cumulative period during the development stage (May 24, 2005                  to June                  30, 2006)           | 5       |
|                                                |                                                                                                                                                                                                                                                                  |    |
|                                                | Notes                  to Financial Statements                                                                                                                                                                                                                        | 6       |
|                                                |                                                                                                                                                                                                                                                                  |
| Item                  2.                            | Management's                  Discussion and Analysis or Plan of Operation                                                                                                                                                                                            | 8       |
|                                                |                                                                                                                                                                                                                                                                  |    |
| Item                  3.                            | Controls                  and Procedures                                                                                                                                                                                                                              | 8       |
|                                                |                                                                                                                                                                                                                                                                  |
| **PART                  II - OTHER INFORMATION**:   |                                                                                                                                                                                                                                                                  |    |
|                                                |                                                                                                                                                                                                                                                                  |
| Item                  1.                            | Legal                  Proceedings                                                                                                                                                                                                                                    | 9       |
|                                                |                                                                                                                                                                                                                                                                  |
| Item                  2.                            | Unregistered                  Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                          | 9       |
|                                                |                                                                                                                                                                                                                                                                  |
| Item                  3.                            | Defaults                  Upon Senior Securities                                                                                                                                                                                                                      | 9       |
|                                                |                                                                                                                                                                                                                                                                  |
| Item                  4.                            | Submission                  of Matters to a Vote of Security Holders                                                                                                                                                                                                  | 9       |
|                                                |                                                                                                                                                                                                                                                                  |    |
| Item                  5.                            | Other                  Information                                                                                                                                                                                                                                    | 9       |
|                                                |                                                                                                                                                                                                                                                                  |    |
| Item                  6.                            | Exhibits                                                                                                                                                                                                                                                              | 9       |
|                                                |                                                                                                                                                                                                                                                                  |    |
| Signatures                                          | 10                                                                                                                                                                                                                                                                    |

----

**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

----

**SRKP      5, INC.**

**(A      Development Stage Company)**

**BALANCE      SHEETS**

|                                                               |   | **June                30.** |    | **December                31,** |   |
|--------------------------------------------------------------------|--------|-----------------------------|---------|---------------------------------|--------|
|                                                               |   | **2006**                    |    | **2005**                        |   |
|                                                               |   | **(Unaudited)**             |    |                            |   |
| **ASSETS**                                                         |   |
|                                                               |   |                        |    |                            |   |
| **ASSETS:**                                                        |   |                        |    |                            |   |
| Cash                                                               |   | $                           | 96      |                            | $      | 4,609 |   |
|                                                               |   |                        |    |                            |   |   |   |
|                                                               |   | $                           | 96      |                            | $      | 4,609 |   |
|                                                               |   |                        |    |                            |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)**  |
|                                                               |   |                        |    |                            |   |   |   |
| **LIABILITIES:**                                                   |   |                        |    |                            |   |   |   |
| Due                to stockholders                                 |   | $                           | 12,500  |                            | $      | 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 issued and |   |                        |    |                            |   |   |   |
| outstanding                                                        |   |                        | 270     |                            |   | 270 |   |
| Additional                paid-in capital                          |   |                        | 24,730  |                            |   | 24,730 |   |
| (Deficit)                accumulated during development stage      |   |                        | (37,404 | )                               |   | (32,891 | ) |
|                                                               |   |                        |    |                            |   |   |   |
| Total                Stockholders' Equity (Deficit)                |   |                        | (12,404 | )                               |   | (7,891 | ) |
|                                                               |   |                        |    |                            |   |   |   |
|                                                               |   | $                           | 96      |                            | $      | 4,609 |   |

**SEE      ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

----

**SRKP      5, INC.**

**(A      Development Stage Company)**

**STATEMENTS      OF OPERATIONS**

**(unaudited)**

|                                                 |   | **Three                Months****Ending****June                30, 2006** |      | **From                May 24,****2005                (Inception) to****June                30, 2005** |   |
|------------------------------------------------------|--------|---------------------------------------------------------------------------|-----------|-------------------------------------------------------------------------------------------------------|--------|
|                                                 |   |                                                                      |      |                                                                                                  |   |
| **REVENUE**                                          |   | $                                                                         | —   |                                                                                                  | $      | — |   |
|                                                 |   |                                                                      |      |                                                                                                  |   |   |   |
| **EXPENSES**                                         |   |                                                                      | 2,526     |                                                                                                  |   | 12,500 |   |
|                                                 |   |                                                                      |      |                                                                                                  |   |   |   |
| **NET                (LOSS)**                        |   | $                                                                         | (2,526    | )                                                                                                     | $      | (12,500 | ) |
|                                                 |   |                                                                      |      |                                                                                                  |   |   |   |
| **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 OPERATIONS**

**(unaudited)**

|                                                 |   |                             |      | **Cumulative**                         |   |
|------------------------------------------------------|--------|----------------------------------|-----------|----------------------------------------|--------|
|                                                 |   | **Six                Months**    |      | **from                May 24**         |   |
|                                                 |   | **Ending**                       |      | **2005                (Inception) to** |   |
|                                                 |   | **June                30, 2006** |      | **June                30, 2006**       |   |
|                                                 |   |                             |      |                                   |   |
| **REVENUE**                                          |   | $                                | —   |                                   | $      | — |   |
|                                                 |   |                             |      |                                   |   |   |   |
| **EXPENSES**                                         |   |                             | 4,513     |                                   |   | 37,404 |   |
|                                                 |   |                             |      |                                   |   |   |   |
| **NET                (LOSS)**                        |   | $                                | (4,513    | )                                      | $      | (37,404 | ) |
|                                                 |   |                             |      |                                   |   |   |   |
| **NET                (LOSS) PER COMMON SHARE-BASIC** |   | $                                | *         |                                   |   |   |   |
|                                                 |   |                             |      |                                   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF**        |   |                             |      |                                   |   |   |   |
| **COMMON                SHARES OUTSTANDING**         |   |                             | 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)**

|                                                          |   | **Six                Months****Ending****June                30, 2006** |    | **From                May 24,****2005                (Inception) to****June                30, 2005** |   | **Cumulative****from                May 24,****2005****(Inception)                to****June                30, 2006** |   |
|---------------------------------------------------------------|--------|-------------------------------------------------------------------------|---------|-------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------|--------|
|                                                          |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |
| **CASH                FLOWS FROM (TO) OPERATING ACTIVITIES:** |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |
| Net                (loss)                                     |   | $                                                                       | (4,513  | )                                                                                                     | $      | (12,500                                                                                                                | )      | $ | (37,404 | ) |
|                                                          |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| Net                Cash (Used In) Operating Activities        |   |                                                                    | (4,513  | )                                                                                                     |   | (12,500                                                                                                                | )      |   | (37,404 | ) |
|                                                          |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| **CASH                FLOWS FROM (TO) FINANCING ACTIVITIES:** |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| Common                stock issued for cash                   |   |                                                                    | — |                                                                                                  |   | 22,750                                                                                                                 |   |   | 25,000 |   |
| Advances                from stockholders                     |   |                                                                    | — |                                                                                                  |   | —                                                                                                                |   |   | 12,500 |   |
|                                                          |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| Net                Cash Provided by Financing Activities      |   |                                                                    | — |                                                                                                  |   | 22,750                                                                                                                 |   |   | 37,500 |   |
|                                                          |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| **NET                INCREASE/(DECREASE) IN CASH AND CASH**   |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| **EQUIVALENTS:**                                              |   |                                                                    | (4,513  | )                                                                                                     |   | 10,250                                                                                                                 |   |   | 96 |   |
|                                                          |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| **CASH                AND CASH EQUIVALENTS, BEGINNING**       |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| **OF                PERIOD**                                  |   |                                                                    | 4,609   |                                                                                                  |   | —                                                                                                                |   |   | — |   |
|                                                          |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| **CASH                AND CASH EQUIVALENTS, END**             |   |                                                                    |    |                                                                                                  |   |                                                                                                                   |   |   |   |   |
| **OF                PERIOD**                                  |   | $                                                                       | 96      |                                                                                                  | $      | 10,250                                                                                                                 |   | $ | 96 |   |

**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**

**Concentrations      of Credit Risk**

----

**SRKP      5, INC.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

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

**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**

----

**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.**

**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 June 30,                  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 June 30.                  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.                                                              |

----

**SIGNATURES**

|                  |                                       |                                       |
|-----------------------|--------------------------------------------|--------------------------------------------|
|                  | **SRKP              5,              Inc.** |
|             |                                  |                                  |
| Dated: August 8, 2006 | By:                              | /s/ Richard              A. Rappaport |
|                  | Richard              A. Rappaport          |
|                  | President                                  |

----