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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-QSB



|[X]   | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
|----- | ----------------------------------------------------------------------------------------
|      | For the Quarterly Period Ended September 30, 2006                                       
|      |                                                                                         
|      | OR                                                                                      
|      |                                                                                         
|[   ] | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|      | For the transition period from to                                                       

COMMISSION FILE NUMBER 000-51403

LAYCOR VENTURES CORP.



|NEVADA                                                         | N/A                                 
|-------------------------------------------------------------- | ------------------------------------
|(State of other jurisdiction of incorporation or organization) | (IRS Employer Identification Number)

1128 Quebec Street
Suite 407
Vancouver, British Columbia 
Canada V6A 4E1
(Address of principal executive offices)

(604) 689-1453
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]   No [   ]

The Registrant is a Shell company. Yes [   ]   No [X]

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PART I.   FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS

LAYCOR VENTURES CORP.

INTERIM BALANCE SHEET(Unaudited)
(Stated in U.S. Dollars)



|                                                 | SEPTEMBER 30                                                      | MARCH 31 
|------------------------------------------------ | ----------------------------------------------------------------- | ---------
|                                                 | 2006                                                              | 2006     
|                                                 |                                                                   |          
|ASSETS                                           |                                                                   |          
|                                                 |                                                                   |          
|Current                                          |                                                                   |          
|                                                 | Cash and cash equivalents                                         | $        
|                                                 | Prepaid expenses                                                  |          
|                                                 |                                                                   |          
|                                                 | $                                                                 | 47,672   
|                                                 |                                                                   |          
|LIABILITIES                                      |                                                                   |          
|                                                 |                                                                   |          
|Current                                          |                                                                   |          
|                                                 | Accounts payable and accrued liabilities                          | $        
|                                                 |                                                                   |          
|Going Concern Contingency (Note 1)               |                                                                   |          
|                                                 |                                                                   |          
|STOCKHOLDERS' EQUITY                             |                                                                   |          
|                                                 |                                                                   |          
|Stock Capital                                    |                                                                   |          
|                                                 | Authorized:                                                       |          
|                                                 | 100,000,000 common shares with a par value of $0.001 per share    |          
|                                                 | 100,000,000 preferred shares with a par value of $0.001 per share |          
|                                                 | Issued:                                                           |          
|                                                 | 8,011,500 common shares at September 30, 2006                     |          
|                                                 |                                                                   |          
|Additional Paid-In Capital                       |                                                                   | 147,563  
|                                                 |                                                                   |          
|Deficit Accumulated During The Exploration Stage |                                                                   | (111,303)
|                                                 |                                                                   | 44,272   
|                                                 |                                                                   |          
|                                                 | $                                                                 | 47,672   

The accompanying notes are an integral part of the financial statements.

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LAYCOR VENTURES CORP.

INTERIM STATEMENT OF OPERATIONS(Unaudited)
(Stated in U.S. Dollars)



|                                              |                             |                  |              |           | CUMULATIVE 
|--------------------------------------------- | --------------------------- | ---------------- | ------------ | --------- | -----------
|                                              |                             |                  |              |           | PERIOD FROM
|                                              |                             |                  |              |           | INCEPTION  
|                                              |                             |                  |              |           | MARCH 23   
|                                              | THREE MONTHS ENDED          | SIX MONTHS ENDED | 2004 TO     
|                                              | SEPTEMBER 30                | SEPTEMBER 30     | SEPTEMBER 30
|                                              | 2006                        | 2005             | 2006         | 2005      | 2006       
|                                              |                             |                  |              |           |            
|Revenue                                       | $                           | -                | $            | -         | $          
|                                              |                             |                  |              |           |            
|Expenses                                      |                             |                  |              |           |            
|                                              | Automobile expenses         |                  | -            |           | -          
|                                              | Consulting                  |                  | -            |           | -          
|                                              | Filing fees                 |                  | -            |           | 175        
|                                              | General and administrative  |                  | -            |           | -          
|                                              | Interest and bank charges   |                  | 20           |           | 47         
|                                              | Mineral claim payment       |                  | -            |           | -          
|                                              | Office expenses             |                  | -            |           | -          
|                                              | Professional fees           |                  | 4,700        |           | 3,343      
|                                              | Promotion and entertainment |                  | -            |           | -          
|                                              | Travel                      |                  | -            |           | -          
|                                              |                             |                  | 4,720        |           | 3,565      
|                                              | Interest income             |                  | (426)        |           | (1,237)    
|                                              |                             |                  |              |           |            
|Net Loss For The Period                       | $                           | 4,294            | $            | 2,328     | $          
|                                              |                             |                  |              |           |            
|                                              |                             |                  |              |           |            
|Basic And Diluted Loss Per Share              | $                           | (0.00)           | $            | (0.00)    | $          
|                                              |                             |                  |              |           |            
|                                              |                             |                  |              |           |            
|Weighted Average
Number Of Shares
Outstanding |                             | 8,011,500        |              | 8,011,500 |            







The accompanying notes are an integral part of the financial statements.

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LAYCOR VENTURES CORP.

INTERIM STATEMENT OF CASH FLOWS(Unaudited)
(Stated in U.S. Dollars)



|                                                                          |                                                    |              | CUMULATIVE 
|------------------------------------------------------------------------- | -------------------------------------------------- | ------------ | -----------
|                                                                          |                                                    |              | PERIOD FROM
|                                                                          |                                                    |              | INCEPTION  
|                                                                          |                                                    |              | MARCH 23   
|                                                                          | SIX MONTHS ENDED                                   | 2004 TO     
|                                                                          | SEPTEMBER 30                                       | SEPTEMBER 30
|                                                                          | 2006                                               | 2005         | 2006       
|                                                                          |                                                    |              |            
|Cash Flows From Operating Activities                                      |                                                    |              |            
|                                                                          | Net loss for the period                            | $            | (8,363)    
|                                                                          |                                                    |              |            
|Adjustment To Reconcile Net Loss To Net Cash Used By Operating Activities |                                                    |              |            
|                                                                          | Change in accounts payable and accrued liabilities |              | (23,748)   
|                                                                          | Change in prepaid expenses                         |              | (352)      
|                                                                          |                                                    | (32,463)     |            
|                                                                          |                                                    |              |            
|Cash Flows From Financing Activities                                      |                                                    |              |            
|                                                                          | Issue of capital stock                             |              | -          
|                                                                          | Increase in due to shareholder                     |              | -          
|                                                                          |                                                    | -            |            
|                                                                          |                                                    |              |            
|Increase (Decrease) In Cash For The Period                                |                                                    | (32,463)     |            
|                                                                          |                                                    |              |            
|Cash And Cash Equivalents, Beginning Of Period                            |                                                    | 79,783       |            
|                                                                          |                                                    |              |            
|Cash And Cash Equivalents, End Of Period                                  | $                                                  | 47,320       | $          









The accompanying notes are an integral part of the financial statements.

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LAYCOR VENTURES CORP.

INTERIM STATEMENT OF STOCKHOLDERS' EQUITY

PERIOD FROM INCEPTION, MARCH 23, 2004, TO SEPTEMBER 30, 2006(Unaudited)
(Stated in U.S. Dollars)



|                                  | COMMON STOCK |       | DEFICIT    |              
|--------------------------------- | ------------ | ----- | ---------- | -------------
|                                  | NUMBER       |       |            |              
|                                  | OF           |       | ADDITIONAL |              
|                                  | COMMON       | PAR   | PAID-IN    | SUBSCRIPTIONS
|                                  | SHARES       | VALUE | CAPITAL    | RECEIVED     
|                                  |              |       |            |              
|Beginning balance, March 23, 2004 | -            | $     | -          | $            
|                                  |              |       |            |              
|Shares issued for cash at $0.001  | 5,000,000    |       | 5,000      |              
|Net loss for the period           | -            |       | -          |              
|                                  |              |       |            |              
|Balance, March 31, 2004           | 5,000,000    |       | 5,000      |              
|                                  |              |       |            |              
|Share subscriptions received      | -            |       | -          |              
|Net loss for the year             | -            |       | -          |              
|                                  |              |       |            |              
|Balance, March 31, 2005           | 5,000,000    |       | 5,000      |              
|                                  |              |       |            |              
|Shares issued for cash at $0.05   | 3,011,500    |       | 3,012      |              
|Net loss for the year             | -            |       | -          |              
|                                  |              |       |            |              
|Balance, March 31, 2006           | 8,011,500    |       | 8,012      |              
|                                  |              |       |            |              
|Net loss for the period           | -            |       | -          |              
|                                  |              |       |            |              
|Balance, September 30, 2006       | 8,011,500    | $     | 8,012      | $            







The accompanying notes are an integral part of the financial statements.

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LAYCOR VENTURES CORP.

NOTES TO INTERIM FINANCIAL STATEMENTS

SEPTEMBER 30, 2006(Unaudited)
(Stated in U.S. Dollars)

1. BASIS OF PRESENTATION
2. SIGNIFICANT ACCOUNTING POLICIES



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LAYCOR VENTURES CORP.

NOTES TO INTERIM FINANCIAL STATEMENTS

SEPTEMBER 30, 2006(Unaudited)
(Stated in U.S. Dollars)

1. SIGNIFICANT ACCOUNTING POLICIES
2. Mineral Property Acquisition Payments and Exploration Costs

The Company expenses all costs incurred on mineral properties to which it has secured exploration rights prior to the establishment of proven and probable reserves.

The Company regularly performs evaluations of any investment in mineral properties to assess the recoverability and/or the residual value of its investments in these assets.  All long-lived assets are reviewed for impairment whenever events or circumstances change which indicate the carrying amount of an asset may not be recoverable.

Exploration Expenditures

The Company follows a policy of expensing exploration expenditures until a production decision in respect of the project and the Company is reasonably assured that it will receive regulatory approval to permit mining operations, which may include the receipt of a legally binding project approval certificate.

Management periodically reviews the carrying value of its investments in mineral leases and claims with internal and external mining related professionals.  A decision to abandon, reduce or expand a specific project is based upon many factors including general and specific assessments of mineral deposits, anticipated future mineral prices, anticipated future costs of exploring, developing and operating a production mine, the expiration term and ongoing expenses of maintaining mineral properties and the general likelihood that the Company will continue exploration on such project.  The Company does not set a pre-determined holding period for properties with unproven deposits, however, properties which have not demonstrated suitable metal concentrations at the conclusion of each phase of an exploration program are re-evaluated to determine if future exploration is warranted, whether there has been any impairment in value and that their carrying values are appropriate.

If an area of interest is abandoned or it is determined that its carrying value cannot be supported by future production or sale, the related costs are charged against operations in the year of abandonment or determination of value.  The amounts recorded as mineral leases and claims represent costs to date and do not necessarily reflect present or future values.



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LAYCOR VENTURES CORP.

NOTES TO INTERIM FINANCIAL STATEMENTS

SEPTEMBER 30, 2006(Unaudited)
(Stated in U.S. Dollars)

1. SIGNIFICANT ACCOUNTING POLICIES
2. Mineral Property Acquisition Payments and Exploration Costs (Continued)

The Company's exploration activities and proposed mine development are subject to various laws and regulations governing the protection of the environment.  These laws are continually changing, generally becoming more restrictive.  The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations.

The accumulated costs of properties that are developed on the stage of commercial production will be amortized to operations through unit-of-production depletion.
3. MINERAL CLAIM INTEREST
4. DUE TO SHAREHOLDER
5. CAPITAL STOCK
6. COMMITMENTS AND CONTRACTUAL OBLIGATIONS



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ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

This section of the report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking states are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or out predictions.

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals.   We may not have sufficient cash to maintain operations for the next twelve months.  Our success or failure will be determined by what we find under the ground.

If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans.

Our sole officer and director is unwilling to make any commitment to loan us any money at this time. At the present time, we have not made any arrangements to raise additional cash. If we need additional cash and can't raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely.  Other than as described in this paragraph, we have no other financing plans.

We will be conducting research in the form of exploration of the property.   We are not going to buy or sell any plant or significant equipment during the next twelve months. We will not buy any equipment until have located a body of ore and we have determined it is economical to extract the ore from the land.

We may attempt to interest other companies in the property if we find mineralized materials.

If we are unable to complete any phase of exploration because we don't have enough money, we will cease operations until we raise more money. If we can't or don't raise more money, we will cease operations. If we cease operations, we don't know what we will do and we don't have any plans to do anything.

We do not intend to hire additional employees at this time. All of the work on the property will be conduct by unaffiliated independent contractors. The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation. The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.





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Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of the property, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we must find an ore body and begin extracting the ore.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Results of Operations

From Inception on March 23, 2004

We have retained the services of a mining engineer to supervise our plan of operation.  We have labeled his activities "consulting services" throughout this report.  The mining engineer is an unrelated third party.

We are exploring one property containing one claim.

In June 2006 our mining engineer cancelled the James Gang claim and simultaneously staked a new claim that covers the same area/ground as the "old" James Gang claim.  He also staked an adjoining claim that covers prospective ground to the north. Laycor's mineral claim holdings have increased from approximately 700 acres to 898 acres.

Since inception, we have used a loan from Robert Wayne Morgan, our sole officer and director to stake the property, to incorporate us, and for legal and accounting expenses. Net cash provided by Mr. Robert Wayne Morgan from inception on March 23, 2004 to September 30, 2005 was $21,740. On January 6, 2006, the loan was repaid.

Liquidity and Capital Resources

As of the date of this quarterly report, we have yet to generate any revenues from our business operations.

In March 2004, we issued 5,000,000 shares of common stock to Robert Wayne Morgan pursuant to the exemption from registration contained in section 4(2) of the Securities Act of 1933.  This was accounted for as a purchase of shares of common stock.

In April 2005, we issued 3,011,500 shares of common stock in our public offering and raised $150,575.



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As of September 30, 2006, our total assets were $47,672 and our total liabilities were $3,400 compared to September 30, 2005, our total assets were $136,876 and our total liabilities were $25,083.

ITEM 3.     CONTROLS AND PROCEDURES.

(a)   Evaluation of Disclosure Controls and Procedures: Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in the reports filed under the Exchange Act is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed in the reports our files and submits under the Exchange Act is recorded, processed, summarized and reported as and when required.

(b)   Changes in Internal Control over Financial Reporting: There were no changes in our internal control over financial reporting identified in connection with our evaluation of these controls as of the end of the period covered by this report that affected those controls subsequent to the date of the evaluation referred to in the previous paragraph, including any correction action with regard to deficiencies and material weakness.

PART II.   OTHER INFORMATION

ITEM 2.     USE OF PROCEEDS

On February 11, 2005, the Securities and Exchange Commission declared our Form SB-2 registration statement effective (SEC file no. 333-116229).  Under the terms of our Form SB-2 registration statement, we are offering, without the assistance of an underwriter,  up to a total of 4,000,000 shares of common stock on a self-underwritten basis, 2,000,000 shares minimum, 4,000,000 shares maximum.  The offering price is $0.05 per share.  On April 5, 2005, we completed our public offering by raising $150,575 and sold 3,011,500 shares of our common stock at an offering price of $0.05 per share.  As of September 30, 2006, we spent the following:



| | Consulting Services | $ | 31,750 | 
| | ------------------- | - | ------ | 
| | Core Drilling       | $ | 5,400  | 
| | Analyzing Samples   | $ | 5,350  | 
| | Accounting          | $ | 15,331 | 
| | Legal               | $ | 13,409 | 
| | Services            | $ | 887    | 
| | TOTAL               | $ | 72,127 | 





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ITEM 6.     EXHIBITS.

The following Exhibits are attached hereto:



|Exhibit | Document Description                                                                                                                                                                          
|------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                                                                                                                                                                                               
|31.1    | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(a) and Rule 15d-15(a), promulgated under the Securities Exchange Act of 1934, as amended.
|       
|32.1    | Certification of Chief Executive Officer and Chief Financial Officer Pursuant To 18 U.S.C. Section 1350, as adopted pursuant to Section 302 Of The Sarbanes-Oxley Act of 2002.                



























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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 14th day of November, 2006.



| | LAYCOR VENTURES CORP.
| | ---------------------
| | (Registrant)         
| |                      
| | BY:                  
| |                      
| |                      





























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