| Delaware                                       | 20-2903252                            |
|------------------------------------------------|---------------------------------------|
| (State                or other jurisdiction of | (I.R.S.                employer       |
| incorporation                or organization)  | identification                number) |

| 210                South Federal Highway, Suite 205     |                      |
|---------------------------------------------------------|---------------------------|
| Deerfield                Beach, FL                      | 33441                     |
| (Address                of principal executive offices) | (Zip                Code) |

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**SRKP      5, INC.**

**-      INDEX -**

|                                                                                                | Page   |
|-----------------------------------------------------------------------------------------------------|--------|
|                                                                                                |   |
| **PART                I- FINANCIAL INFORMATION:**                                                   |   |
|                                                                                                |   |
| Item                1. Financial Statements:                                                        | 1      |
|                                                                                                |   |
| Balance                Sheets - September 30, 2006 (unaudited) and December 31,                2005 | 2      |
|                                                                                                |   |
| Statements                of Operations (unaudited) for the three months ending                     |   |
| September                30, 2006, and 2005, the nine months ending September 30,                   |   |
| 2006,                the period from May 24, 2005 to September 30, 2005, and for                the |   |
| cumulative                period during the development stage (May 24, 2005 to                      |   |
| September                30, 2006)                                                                  | 3      |
|                                                                                                |   |
| Statements                of Cash Flows (unaudited) for the nine months ending                      |   |
| September                30, 2006, the period from May 24, 2005 to September 30,                    |   |
| 2005,                and for the cumulative period during the development stage                     |   |
| (May                24, 2005 to September 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**                |

|                                                                                                                                                    |   | **September                30,** |    | **December                31,** |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|---------------------------------|--------|
|                                                                                                                                                    |   | **2006**                         |    | **2005**                        |   |
|                                                                                                                                                    |   | **(Unaudited)**                  |    |                            |   |
| **ASSETS**                                                                                                                                              |   |
|                                                                                                                                                    |   |                             |    |                            |   |
| **ASSETS:**                                                                                                                                             |   |                             |    |                            |   |
| Cash                                                                                                                                                    |   | $                                | 5,120   |                            | $      | 4,609 |   |
|                                                                                                                                                    |   |                             |    |                            |   |   |   |
|                                                                                                                                                    |   | $                                | 5,120   |                            | $      | 4,609 |   |
|                                                                                                                                                    |   |                             |    |                            |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)**                                                                                       |
|                                                                                                                                                    |   |                             |    |                            |   |   |   |
| **LIABILITIES:**                                                                                                                                        |   |                             |    |                            |   |   |   |
| Due                to stockholders                                                                                                                      |   | $                                | 18,650  |                            | $      | 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                                                                                           |   |                             | (38,530 | )                               |   | (32,891 | ) |
|                                                                                                                                                    |   |                             |    |                            |   |   |   |
| Total                Stockholders' Equity (Deficit)                                                                                                     |   |                             | (13,530 | )                               |   | (7,891 | ) |
|                                                                                                                                                    |   |                             |    |                            |   |   |   |
|                                                                                                                                                    |   | $                                | 5,120   |                            | $      | 4,609 |   |

**SEE        ACCOMPANYING FOOTNOTES TO THE FINANCIAL        STATEMENTS**

----

| **SRKP                5, INC.**                  |
|--------------------------------------------------|
| **(A                Development Stage Company)** |
| **STATEMENTS                OF OPERATIONS**      |
| **(Unaudited)**                                  |

|                                                 |   | **Three                Months**       |      | **Three                Months**       |   |
|------------------------------------------------------|--------|---------------------------------------|-----------|---------------------------------------|--------|
|                                                 |   | **Ending**                            |      | **Ending**                            |   |
|                                                 |   | **September                30, 2006** |      | **September                30, 2005** |   |
|                                                 |   |                                  |      |                                  |   |
| **REVENUE**                                          |   | $                                     | —   |                                  | $      | — |   |
|                                                 |   |                                  |      |                                  |   |   |   |
| **EXPENSES**                                         |   |                                  | 1,125     |                                  |   | 10,875 |   |
|                                                 |   |                                  |      |                                  |   |   |   |
| **NET                (LOSS)**                        |   | $                                     | (1,125    | )                                     | $      | (10,875 | ) |
|                                                 |   |                                  |      |                                  |   |   |   |
| **NET                (LOSS) PER COMMON SHARE-BASIC** |   | $                                     | *         |                                  | $      | * |   |
|                                                 |   |                                  |      |                                  |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF**        |   |                                  |      |                                  |   |   |   |
| **COMMON                SHARES OUTSTANDING**         |   |                                  | 2,700,000 |                                  |   | 2,700,000 |   |

**SEE        ACCOMPANYING FOOTNOTES TO THE FINANCIAL STATEMENTS**

----

| **SRKP                5, INC.**                  |
|--------------------------------------------------|
| **(A                Development Stage Company)** |
| **STATEMENTS                OF OPERATIONS**      |
| **(Unaudited)**                                  |

|                                                 |   |                                  |      |                                   |   | **Cumulative**                         |   |
|------------------------------------------------------|--------|---------------------------------------|-----------|----------------------------------------|--------|----------------------------------------|--------|
|                                                 |   | **Nine                Months**        |      | **From                May 24**         |   | **from                May 24**         |   |
|                                                 |   | **Ending**                            |      | **2005                (Inception) to** |   | **2005                (Inception) to** |   |
|                                                 |   | **September                30, 2006** |      | **September                30, 2005**  |   | **September                30, 2006**  |   |
|                                                 |   |                                  |      |                                   |   |                                   |   |
| **REVENUE**                                          |   | $                                     | —   |                                   | $      | —                                |   | $ | — |   |
|                                                 |   |                                  |      |                                   |   |                                   |   |   |   |   |
| **EXPENSES**                                         |   |                                  | 5,639     |                                   |   | 23,375                                 |   |   | 38,530 |   |
|                                                 |   |                                  |      |                                   |   |                                   |   |   |   |   |
| **NET                (LOSS)**                        |   | $                                     | (5,639    | )                                      | $      | (23,375                                | )      | $ | (38,530 | ) |
|                                                 |   |                                  |      |                                   |   |                                   |   |   |   |   |
| **NET                (LOSS) PER COMMON SHARE-BASIC** |   | $                                     | *         |                                   | $      | (0.01                                  | )      |   |   |   |
|                                                 |   |                                  |      |                                   |   |                                   |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF**        |   |                                  |      |                                   |   |                                   |   |   |   |   |
| **COMMON                SHARES OUTSTANDING**         |   |                                  | 2,700,000 |                                   |   | 2,700,000                              |   |   |   |   |

| *****Less                than $.01                                                       |   |   |   |
|------------------------------------------------------------------------------------------|--------|--------|--------|
|                                                                                     |   |   |   |
| **SEE                ACCOMPANYING FOOTNOTES TO THE FINANCIAL                STATEMENTS** |

----

| **SRKP                5, INC.**                  |
|--------------------------------------------------|
| **(A                Development Stage Company)** |
| **STATEMENTS                OF CASH FLOWS**      |
| **(Unaudited)**                                  |

|                                                                           |   |                                  |    |                                   |   | **Cumulative**                         |   |
|--------------------------------------------------------------------------------|--------|---------------------------------------|---------|----------------------------------------|--------|----------------------------------------|--------|
|                                                                           |   | **Nine                Months**        |    | **From                May 24,**        |   | **from                  May 24,**      |   |
|                                                                           |   | **Ending**                            |    | **2005                (Inception) to** |   | **2005                (Inception) to** |   |
|                                                                           |   | **September                30, 2006** |    | **September                30, 2005**  |   | **September                30, 2006**  |   |
|                                                                           |   |                                  |    |                                   |   |                                   |   |
| **CASH                FLOWS FROM (TO) OPERATING ACTIVITIES:**                  |   |                                  |    |                                   |   |                                   |   |
| Net                (loss)                                                      |   | $                                     | (5,639  | )                                      | $      | (23,375                                | )      | $ | (38,530 | ) |
|                                                                           |   |                                  |    |                                   |   |                                   |   |   |   |   |
| Net                Cash (Used In) Operating Activities                         |   |                                  | (5,639  | )                                      |   | (23,375                                | )      |   | (38,530 | ) |
|                                                                           |   |                                  |    |                                   |   |                                   |   |   |   |   |
| **CASH                FLOWS FROM (TO) FINANCING ACTIVITIES:**                  |   |                                  |    |                                   |   |                                   |   |   |   |   |
| Common                stock issued for cash                                    |   |                                  | — |                                   |   | 22,750                                 |   |   | 22,750 |   |
| Collection                of stock subscription receivable                     |   |                                  | — |                                   |   | 2,250                                  |   |   | 2,250 |   |
| Advances                from stockholders                                      |   |                                  | 6,150   |                                   |   | —                                |   |   | 18,650 |   |
|                                                                           |   |                                  |    |                                   |   |                                   |   |   |   |   |
| Net                Cash Provided by Financing Activities                       |   |                                  | 6,150   |                                   |   | 25,000                                 |   |   | 43,650 |   |
|                                                                           |   |                                  |    |                                   |   |                                   |   |   |   |   |
| **NET                INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS:**       |   |                                  | 511     |                                   |   | 1,625                                  |   |   | 5,120 |   |
|                                                                           |   |                                  |    |                                   |   |                                   |   |   |   |   |
| **CASH                AND CASH EQUIVALENTS, BEGINNING OF PERIOD**              |   |                                  | 4,609   |                                   |   | —                                |   |   | — |   |
|                                                                           |   |                                  |    |                                   |   |                                   |   |   |   |   |
| **CASH                  AND CASH EQUIVALENTS, END OF                  PERIOD** |   | $                                     | 5,120   |                                   | $      | 1,625                                  |   | $ | 5,120 |   |

**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 September 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 September 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**

|                                 |                                   |                                  |
|--------------------------------------|----------------------------------------|---------------------------------------|
| Dated:              November 7, 2006 | SRKP              5,              Inc. |
|                            |                              |                             |
|                                 | By:                          | /s/              Richard A. Rappaport |
|                                 | Richard              A. Rappaport      |
|                                 | President                              |

----