UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB


                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarter Ended September 30, 2003, Commission File Number 333-72376


                           Webb Mortgage Depot, Inc.
        ---------------------------------------------------------
         (Exact name of Registrant as specified in its charter)


          Florida                             65-0902373
       ------------------------     -----------------------------------
      (State of Incorporation)      (I.R.S. Employer Identification
                                                  Number)


                  155 Wilson Lake Road, Mooresville, NC   28117
              ----------------------------------------------------
               (address of principal executive offices) (Zip Code)

     Registrant's telephone number, including area code: (800) 952-8706


                   9930 Monroe Rd, Suite 102, Matthews, NC 28105
       ----------------------------------------------------------------
       (Former name, address or fiscal year if changed since last
                report)


     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 total number of shares  outstanding of the issuer's common shares,  par
value $ .001, as of the date of this report, follow:

                            4,119,144


<PAGE>




PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements







                            Webb Mortgage Depot, Inc.


                          Interim Financial Statements

                                 September 30, 2003




































<PAGE>


WEBB MORTGAGE DEPOT, INC.
CONSOLIDATED INTERIM BALANCE SHEET
AS AT September 30 2003
(UNAUDITED)
<TABLE>

-------------------------------------------------------------------------------
                                                                   Year Ended
                                                 September 30,     December 31,
                                                    2003              2002
                                                 (Unaudited)        Audited
-------------------------------------------------------------------------------
ASSETS
<S>                                                 <C>              <C>
CURRENT ASSETS

Cash and cash equivalents                            $   4,620       $  7,921
Interest receivable                                      5,655          5,655
Real estate under construction                          56,069            -
Prepaid expenses and sundry assets                       1,607          1,683
-------------------------------------------------------------------------------

TOTAL CURRENT ASSETS                                    67,951         15,259
-------------------------------------------------------------------------------

PROPERTY AND EQUIPMENT, NET                             26,399          1,424
-------------------------------------------------------------------------------
OTHER ASSETS
Due from principal stockholder/officer                   8,757         86,915
-------------------------------------------------------------------------------

TOTAL OTHER ASSETS                                       8,757         86,915
------------------------------------------------------------------------------


TOTAL ASSETS                                        $  103,107      $ 103,598
------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

WEBB MORTGAGE DEPOT, INC.
CONSOLIDATED INTERIM BALANCE SHEET
AS AT June 30 2003
(UNAUDITED)
<TABLE>
-------------------------------------------------------------------------------
                                                                   Year Ended
                                                    September 30,  December 31,
                                                        2003            2002
                                                    (Unaudited)      Audited
-------------------------------------------------------------------------------

LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                                   <C>            <C>
CURRENT LIABILITIES
Bank indebtedness                                     $  52,020      $  52,608
Accounts payable                                         30,780         50,090
Due to principal stockholder                                -             -
-------------------------------------------------------------------------------

TOTAL CURRENT LIABILITIES                                82,800        102,698
-------------------------------------------------------------------------------

STOCKHOLDERS' EQUITY
Common stock, $ 001 par value, 25,000,000 authorized,
  issued and outstanding - 4,119,144( 2002 - 4,019,144)   4,119          4,019

Additional paid-in capital                            1,326,377      1,326,467

Accumulated deficit                                  (1,310,189)    (1,329,586)
-------------------------------------------------------------------------------

TOTAL STOCKHOLDERS' EQUITY                               20,307            900
-------------------------------------------------------------------------------

TOTAL LIABILITIES AND STOCKEHOLDERS' EQUITY          $  103,107      $ 103,598
-------------------------------------------------------------------------------
</TABLE>

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

<PAGE>


WEBB MORTGAGE DEPOT, INC.
CONSOLIDATED INTERIM STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003
(UNAUDITED)
<TABLE>

-------------------------------------------------------------------------------

                                                         2003            2002
-------------------------------------------------------------------------------
<S>                                                  <C>            <C>
REVENUE                                               $ 383,459      $ 348,881
-------------------------------------------------------------------------------
EXPENSES
Management salary                                        52,500         56,250
Advertising                                              36,048         40,420
Appraisals, titlework and
     surveys                                              6,800          4,500
Commissions                                             135,675        153,161
Credit reports                                            8,694          8,112
Depreciation and amortization                             1,636          2,599
General and administrative                               48,954         30,649
Processing fees                                          13,220          4,430
Professional fees                                        27,720         57,151
Rent                                                      7,796         22,132
Telecommunications and
    utilities                                            20,819         26,605
-------------------------------------------------------------------------------

TOTAL EXPENSES                                          359,862        406,009
-------------------------------------------------------------------------------

INCOME(LOSS) FROM OPERATIONS                             23,597        (57,128)

OTHER ITEMS
Gain on lease termination                                  -               222
Interest income                                            -             4,920
Bank charges & loan interest                             (4,200)        (7,981)
-------------------------------------------------------------------------------

TOTAL OTHER ITEMS                                        (4,200)        (2,639)
-------------------------------------------------------------------------------

NET INCOME(LOSS)                                      $  19,397     $  (59,767)
-------------------------------------------------------------------------------

Weighted average number of
 shares outstanding -
   basic and diluted                                  4,119,144      4,019,144
                                                      =========      =========
Earnings(loss) per share -
  basic and diluted                                  $     .005     $    (.015)
                                                      =========      =========
</TABLE>




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

<PAGE>

WEBB MORTGAGE DEPOT, INC.
CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003
(UNAUDITED)
<TABLE>
-------------------------------------------------------------------------------

                                                         2003            2002
-------------------------------------------------------------------------------
<S>                                                   <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income(loss)                                      $  19,397      $ (59,767)
Adjustments to reconcile net income(loss) to net cash
 used in operating activities
  Depreciation and amortization                           1,636          2,599
  Gain on lease termination                                -              (422)
  Lease accretion                                          -            (1,333)
  Stock issued for services                                  10            -
  Compensation                                             -            20,695
Changes in assets and liabilities
  Increase in interest receivable                          -            (4,920)
  Increase in prepaid expenses                               76            150
  Increase in real estate under construction            (56,069)           -
  Decrease in accounts payable                          (19,310)         3,553
  Increase in accrued compensation                         -             7,000
  Decrease in commissions payable                          -           (10,902)
-------------------------------------------------------------------------------

                                                        (73,657)        16,420
-------------------------------------------------------------------------------

NET CASH USED IN OPERATING ACTIVITIES                   (54,260)       (43,347)
-------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets                                (26,611)          -
-------------------------------------------------------------------------------

NET CASH USED IN INVESTING ACTIVITIES                   (26,611)          -
-------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Lines of credit                                            (588)          -
(Advances to)repayment by officer(net)                   78,158         17,747
Repayment of loans                                                      (1,684)
-------------------------------------------------------------------------------
NET CASH PROVIDED BY FINANCING ACTIVITIES                77,570         16,063
-------------------------------------------------------------------------------

Increase(decrease) in cash                               (3,301)       (27,284)


Cash and cash equivalents - beginning of period           7,921         34,036
-------------------------------------------------------------------------------

CASH AND CASH EQUIVALENTS - END OF PERIOD              $  4,620      $   6,752
-------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

WEBB MORTGAGE DEPOT, INC.
CONSOLIDATED INTERIM STATEMENT OF STOCKHOLDERS' EQUITY
FROM DECEMBER 31, 2000 TO SEPTEMBER 30, 2003
(UNAUDITED)
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>




                                     Additional
                     Common Stock      Paid-In    Accumulated
                   Shares   Amount     Capital      Deficit       Totals
<S>              <C>        <C>        <C>        <C>          <C>
Balance - December,
  31, 2000        3,369,144  $ 3,369   $ 941,083   $ (860,121)    $  84,331

Stock issued for
  services          200,000      200      99,800       -            100,000

Stock issued for
 cash, net          450,000      450     205,550       -            206,000

Services contributed
 by officer            -          -       76,435       -             76,435

Common stock options
 for services          -          -        3,599       -              3,599

Net loss for
  year                 -          -         -        (385,089)     (385,089)
                  ---------   -------   ---------    ---------     --------
Balance - December
       31, 2001   4,019,144 $  4,019   $1,326,467 $(1,245,210)    $  85,276

Net loss for
    year               -          -         -         (84,376)      (84,376)
                  ----------  -------   ---------    --------      --------

Balance - December
   31, 2002       4,019,144 $  4,019   $1,326,467 $(1,329,586)     $    900

Stock issued for
 services           100,000      100          (90)      -                10

Net income for
  period               -          -         -          19,397        19,397
                  ---------   ------    ---------   ---------       -------

Balance - September
   30, 2003       4,119,144 $  4,119   $1,326,377 $(1,310,189)    $  20,307
                  =========  =======    =========  ==========       =======
</TABLE>




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

<PAGE>




                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

Note 1 Basis of Presentation

     The  accompanying  unaudited  consolidated  financial  statements have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United  States of America  and the rules and  regulations  of the United  States
Securities   and  Exchange   Commission  for  interim   financial   information.
Accordingly, they do not include all the information and footnotes necessary for
a comprehensive  presentation of consolidated  financial position and results of
operations.

     It  is  Management's  opinion,   however,  that  all  material  adjustments
(consisting of normal recurring  adjustments) have been made which are necessary
for a fair consolidated financial statements  presentation.  The results for the
interim period are not necessarily  indicative of the results to be expected for
the year.

     For  further  information,  refer  to the  audited  consolidated  financial
statements  and footnotes  for the year ended  December 31, 2002 included in the
Company's  Form 10KSB,  as filed with the United States  Securities and Exchange
Commission.

Note 2   Organization and Summary of Significant Accounting
Policies

     (A) Organization

     Webb Mortgage Depot,  Inc.  ("Depot" or the "Company") was  incorporated in
the State of Florida on May 11, 1999 to implement a corporate reorganization. On
February 4, 2000,  effective as of June 30 2000,  Depot  acquired  Webb Mortgage
Corp. and Webb Mortgage Services Corporation (the "Acquirees").  The acquisition
was treated as a recapitalization of the Acquirees.  Therefore, the accompanying
consolidated  financial  statements  reflect  the  operations  of Depot  and its
subsidiaries for all periods presented.

     Webb Mortgage  Corp. was  incorporated  in the State of Florida on June 19,
1992 and operated as a mortgage broker.  The Company holds a mortgage  brokerage
business  license  in the  States of  Florida,  North  Carolina,  New York,  and
California.

     Webb Mortgage Services Corporation was incorporated in the State of Florida
on February 25, 1998 and also  operated as a mortgage  brokerage.  Webb Mortgage
Services  Corporation held a correspondent  mortgage lender license in the State
of Florida, which had not been renewed as of June 30 2003.

     Since December 31, 2001,  Webb Mortgage  Corp. and Webb Mortgage  Services,
Inc. were inactive and all brokerage business was transacted through Depot.

     During January 2002, the Company  relocated its corporate  headquarters  to
North Carolina.

     In  December  2002,  the  Company  entered  into a new  segment of business
operations to purchase, develop, and resell real estate. The Company's president
contributed  property held  personally by him to pay down his promissory note to
the  Company.  The Company  then  resold the  property.  The Company  intends to
purchase, develop, and resell additional properties in the future. There were no
properties developed in the six months ended June 30 2003.

     (B) Principles of Consolidation

     The accompanying  consolidated financial statements include the accounts of
Depot  and  its  Subsidiaries.   All  significant   intercompany   balances  and
transactions have been eliminated in consolidation.

<PAGE>


                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                            September 30 2003
                               (Unaudited)
     (C) Use of Estimates

     The  preparation of  consolidated  financial  statements in accordance with
generally accepted  accounting  principles requires management to make estimates
and assumptions  that affect the reported  amounts of assets and liabilities and
disclosure of contingent  assets and liabilities at the date of the consolidated
financial statements and the reported amounts of revenue and expenses during the
reporting period. Actual results could differ from those estimates.

     (D) Cash and Cash Equivalents

     For purposes of the  statements  of cash flows,  the Company  considers all
highly  liquid debt  instruments  purchased  with an original  maturity of three
months or less to be cash equivalents.

     (E) Concentrations

     The Company maintains its cash in bank deposit accounts, which at times may
exceed federally  insured limits.  The Company has not experienced any losses in
such  accounts as of  September  30 2003,  and believes it is not exposed to any
significant credit risk.

     As a result of such concentrations in the real estate business,  the entity
is vulnerable to a potential  severe impact in the near-term with regard to this
segment of business.  Severe impact is defined as the effect of  disrupting  the
normal  functioning of the entity.  As of September 30 2003,  there have been no
events that have adversely effected the operations of the Company.

     (F) Property and Equipment

     Property  and  equipment  are stated at cost and  depreciation  is computed
using the declining balance method over the estimated  economic useful life of 5
to 7 years.  Leasehold  improvements on the lease, which was terminated in 2002,
had been  amortized  using the  straight-line  method  over the lease  term of 5
years.  Maintenance  and  repairs  are  charged to expense  as  incurred.  Major
improvements are capitalized.

     (G) Long-Lived Assets

     The  Company  reviews  long-lived  assets and certain  identifiable  assets
related to those assets for impairment  recognition  whenever  circumstances and
situations change such that there is an indication that the carrying amounts may
not be  recoverable.  If the  undiscounted  future  cash  flows is less than the
carrying  amount,  carrying  amounts are reduced to fair value and an impairment
loss is recognized.
<PAGE>

                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

    (H) Revenue Recognition

     The Company  collects  broker fees on loans  processed and  recognizes  the
revenues as earned  when the loans are  funded.  Loans are funded on the closing
date for purchase loans and three days after the closing for refinance loans.

     In  accordance  with SEC Staff  Accounting  Bulletin  No. 101,  the Company
recognizes  revenues from real estate  transactions  since it takes title to the
property,  acts as principal in the  transaction,  and  maintains  the risks and
rewards of ownership.

     (I) Broker Commissions

     The Company pays a commission of approximately 40% to 50% of the broker fee
received to the  individual  broker who  processes the loan.  The  commission is
generally  paid when the loan is funded,  or within  several days of the funding
date.

     (J) Stock-Based Compensation

     The Company  accounts for stock  options  issued to employees in accordance
with the  provisions of  Accounting  Principles  Board  ("APB")  Opinion No. 25,
"Accounting  for Stock Issued to  Employees,"  and related  interpretations.  As
such,  compensation  cost is  measured on the date of grant as the excess of the
current  market  price of the  underlying  stock over the exercise  price.  Such
compensation  amounts are amortized over the respective  vesting  periods of the
option grant.  The Company  adopted the  disclosure  provisions of SFAS No. 123,
"Accounting  for  Stock-Based  Compensation"  and SFAS No. 148,  "Accounting for
Stock Based Compensation - Transition and Disclosure," which permits entities to
provide  pro forma net  income  (loss) and pro forma  earnings  (loss) per share
disclosures for employee stock option grants as if the fair-valued  based method
defined in SFAS No. 123 had been applied.

     The Company  accounts for stock options  issued to non- employees for goods
or services in accordance with SFAS 123.



<PAGE>


                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

     (K) Income Taxes

     Prior to the  reorganization  on  February  4,  2000  (the  "reorganization
date"),  the  Company's  current  subsidiaries  were S  Corporations  under  the
Internal  Revenue  Code.  In lieu of paying  corporate  income  taxes,  the sole
stockholder was taxed  individually on his proportionate  share of the Company's
taxable  income.  The  parent is taxed as a C  Corporation  since  May 11,  1999
(inception) and accounts for income taxes under SFAS 109 (see below).  Effective
on the  reorganization  date the  parent  and its  subsidiaries  are  taxed as C
Corporations.

     Since  February 4, 2000,  the Company  accounts  for income taxes under the
Financial Accounting Standards Board Statement of Financial Accounting Standards
No. 109 "Accounting for Income Taxes"  ("Statement  109").  Under Statement 109,
deferred  tax  assets  and   liabilities  are  recognized  for  the  future  tax
consequences   attributable  to  differences  between  the  financial  statement
carrying  amounts of existing assets and  liabilities  and their  respective tax
bases.  Deferred tax assets and liabilities are measured using enacted tax rates
expected  to apply to  taxable  income  in the  years in which  those  temporary
differences  are expected to be recovered or settled.  Under  Statement 109, the
effect  on  deferred  tax  assets  and  liabilities  of a change in tax rates is
recognized in income in the period, which includes the enactment date.

     (M) Net Income(Loss) Per Common Share

     Basic net income (loss) per common share (Basic EPS) excludes  dilution and
is computed by dividing net income (loss) available to common stockholder by the
weighted-  average number of common shares  outstanding for the period.  Diluted
net income per share  (Diluted EPS)  reflects the potential  dilution that could
occur if stock options or other  contracts to issue common stock were  exercised
or converted  into common stock or resulted in the issuance of common stock that
then shared in the  earnings  of the  Company.  At June 30, 2003 and 2002,  the
assumed  exercise of common stock  equivalents was not utilized since the effect
was  antidilutive  due to the net losses.  At June 30, 2003, there were 300,000
common stock options outstanding, which could potentially dilute future earnings
per share.


<PAGE>


                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

     (M) New Accounting Pronouncements

     The Financial  Accounting  Standards  Board has recently issued several new
accounting pronouncements, which may apply, to the Company.

     Statement No. 141 "Business Combinations" establishes revised standards for
accounting for business combinations. Specifically, the statement eliminates the
pooling method,  provides new guidance for recognizing intangible assets arising
in a  business  combination,  and  calls for  disclosure  of  considerably  more
information  about a business  combination.  This  statement  is  effective  for
business  combinations  initiated on or after July 1, 2001. The adoption of this
pronouncement  on July 1, 2001 did not have a material  effect on the  Company's
financial position, results of operations or liquidity.

     Statement  No. 142  "Goodwill  and Other  Intangible  Assets"  provides new
guidance  concerning the accounting for the acquisition of  intangibles,  except
those acquired in a business combination,  which is subject to SFAS 141, and the
manner in which  intangibles  and goodwill should be accounted for subsequent to
their initial recognition.  Generally,  intangible assets with indefinite lives,
and  goodwill,  are no longer  amortized;  they are  carried at lower of cost or
market  and  subject to annual  impairment  evaluation,  or  interim  impairment
evaluation if an interim triggering event occurs,  using a new fair market value
method. Intangible assets with finite lives are amortized over those lives, with
no  stipulated  maximum,  and  an  impairment  test  is  performed  only  when a
triggering  event  occurs.  This  statement  is  effective  for all fiscal years
beginning after December 15, 2001. The adoption of this pronouncement on January
1, 2002 did not have a  material  effect on the  Company's  financial  position,
results of operations or liquidity.

     In  August  2001,  the FASB  issued  SFAS No.  143,  "Accounting  for Asset
Retirement Obligations." The standard requires entities to record the fair value
of a liability for an asset  retirement  obligation in the period in which it is
incurred.  When the liability is initially  recorded,  the entity  capitalizes a
cost by increasing the carrying  amount of the related  long-lived  asset.  Over
time,  the  liability  is  accreted to its present  value each  period,  and the
capitalized cost is depreciated over the useful life of the related asset.  Upon
settlement of the  liability,  an entity either  settles the  obligation for its
recorded  amount or  incurs a gain or loss  upon  settlement.  The  standard  is
effective for fiscal years  beginning  after June 15, 2002. The adoption of SFAS
No. 143 is not  expected to have a material  impact on the  Company's  financial
position, results of operations, or liquidity.
<PAGE>

                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

     Statement No. 144  "Accounting for the Impairment or Disposal of Long-Lived
Assets"  supercedes   Statement  No.  121  "Accounting  for  the  Impairment  of
Long-Lived  Assets and for  Long-Lived  Assets to be Disposed of" ("SFAS  121").
Though it retains the basic  requirements  of SFAS 121 regarding when and how to
measure  an  impairment  loss,  SFAS  144  provides  additional   implementation
guidance.  SFAS 144 excludes  goodwill and intangibles not being amortized among
other exclusions.  SFAS 144 also supercedes the provisions of APB 30, "Reporting
the Results of  Operations,"  pertaining to  discontinued  operations.  Separate
reporting of a discontinued  operation is still  required,  but SFAS 144 expands
the  presentation  to include a component of an entity,  rather than  strictly a
business  segment as  defined  in SFAS 131,  Disclosures  about  Segments  of an
Enterprise  and  Related  Information.  SFAS 144  also  eliminates  the  current
exemption  to  consolidation  when  control  over a  subsidiary  is likely to be
temporary.  This  statement is effective  for all fiscal years  beginning  after
December 15, 2001. The adoption of this pronouncement on January 1, 2003 did not
have  a  material  effect  on  the  Company's  financial  position,  results  of
operations or liquidity.

     Statement  No.  145,  "Rescission  of FASB  Statements  No. 4, 44,  and 64,
Amendment of FASB  Statement  No. 13, and Technical  Corrections,"  ("SFAS 145")
updates, clarifies, and simplifies existing accounting pronouncements. Statement
No.  145  rescinds  Statement  4,  which  required  all  gains and  losses  from
extinguishment  of debt to be  aggregated  and, if  material,  classified  as an
extraordinary  item, net of related income tax effect. As a result, the criteria
in Opinion 30 will now be used to classify those gains and losses.  Statement 64
amended  Statement 4, and is no longer  necessary  because  Statement 4 has been
rescinded.  Statement 44 was issued to establish accounting requirements for the
effects  of  transition  to the  provisions  of the motor  Carrier  Act of 1980.
Because the transition has been completed,  Statement 44 is no longer necessary.
Statement 145 amends  Statement 13 to require that certain  lease  modifications
that have economic effects similar to  sale-leaseback  transactions be accounted
for in the same  manner  as sale-  leaseback  transactions.  This  amendment  is
consistent  with  FASB's  goal  requiring  similar   accounting   treatment  for
transactions that have similar economic effects. This statement is effective for
fiscal  years  beginning  after May 15,  2002.  The  adoption of SFAS 145 is not
expected to have a material impact on the Company's financial position,  results
of operations or liquidity.

<PAGE>

                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

     Statement  No. 146,  "Accounting  for Exit or Disposal  Activities"  ("SFAS
146")  addresses the  recognition,  measurement,  and reporting of cost that are
associated with exit and disposal  activities  that are currently  accounted for
pursuant to the guidelines set forth in EITF 94-3,  "Liability  Recognition  for
Certain  Employee  Termination  Benefits  and  Other  Costs to exit an  Activity
(including  Certain  Cost  Incurred  in  a  Restructuring),"   cost  related  to
terminating  a  contract  that is not a  capital  lease  and one-  time  benefit
arrangements received by employees who are involuntarily terminated - nullifying
the guidance under EITF 94-3.  Under SFAS 146, the cost  associated with an exit
or disposal activity is recognized in the periods in which it is incurred rather
than at the date the  Company  committed  to the exit plan.  This  statement  is
effective  for exit or  disposal  activities  initiated  after June 30 2003 with
earlier application encouraged. The adoption of SFAS 146 is not expected to have
a material impact on the Company's financial position,  results of operations or
liquidity.

     Statement No. 148, "Accounting for Stock-Based  Compensation-Transition and
Disclosure",   amends  FASB  Statement  No.  123,  "Accounting  for  Stock-Based
Compensation." In response to a growing number of companies  announcing plans to
record  expenses  for the fair value of stock  options,  Statement  148 provides
alternative methods of transition for a voluntary change to the fair value based
method  of  accounting  for  stock-based  employee  compensation.  In  addition,
Statement  148 amends the  disclosure  requirements  of Statement 123 to require
more prominent and more frequent  disclosures in financial  statements about the
effects of stock-based compensation.  The Statement also improves the timeliness
of those  disclosures by requiring that this  information be included in interim
as well as annual financial statements.  In the past, companies were required to
make pro forma disclosures only in annual financial  statements.  The transition
guidance and annual  disclosure  provisions  of Statement  148 are effective for
fiscal years ending after December 15, 2002, with earlier application  permitted
in certain  circumstances.  The interim disclosure  provisions are effective for
financial reports containing  financial statements for interim periods beginning
after  December 15,  2002.  The Company  adopted the  disclosure  provisions  of
Statement 148 for the year ended December 31, 2002, but will continue to use the
method  under  APB 25 in  accounting  for stock  options.  The  adoption  of the
disclosure  provisions  of Statement  148 did not have a material  impact on the
Company's financial position, results of operations or liquidity.

<PAGE>


                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

     Statement of Financial  Accounting  Standards No. 107,  "Disclosures  about
Fair Value of Financial  Instruments," requires disclosures of information about
the fair value of certain  financial  instruments for which it is practicable to
estimate  that  value.  For  purposes  of this  disclosure,  the fair value of a
financial instrument is the amount at which the instrument could be exchanged in
a current  transaction  between willing parties,  other than in a forced sale or
liquidation.  The fair  market  value of the  promissory  note  receivable  from
officer at September  30 2003 is $8,757 based on the present  value method . The
carrying amounts of the Company's  short-term financial  instruments,  including
interest receivable from officer,  prepaid expenses and sundry assets,  accounts
payable,  and lines of credit approximate fair value due to the relatively short
period to maturity for these instruments.

     (P) Segment Reporting

     The Company complies with SFAS No. 131,  "Disclosures  about Segments of an
Enterprise and Related  Information."  Based upon  definitions  contained within
SFAS No.  131,  the  Company has  determined  that it operates in two  segments;
mortgage brokerage and real estate development.

     (Q) Reclassifications

     Certain  amounts in the comparative  2002  consolidated  interim  financial
statements have been reclassified to conform to the year 2003 presentation.

Note  2    Note and Interest Receivable from Officer and Property
Contribution

     (A) Note and Interest Receivable from Officer

     On January 1, 2002, the president of the Company  signed a promissory  note
totaling $153,370. The note is unsecured and bears interest at an annual rate of
4.75% per annum,  payable  quarterly  with all principal  and remaining  accrued
interest due on June 30 2011.




<PAGE>



                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)



Note 3   Property and Equipment

     Property  and  equipment  consists of the  following  at June 30, 2003 and
2002:

                                         2003      2002
                                       --------  --------
     Leasehold improvements              26,611      -
     Computers and equipment              3,257     3,257
                                       --------  --------
                                         29,868     3,257
     Less: Accumulated depreciation      (3,469)   (1,833)
                                       --------  --------
     Property and Equipment, net       $ 26,399  $  1,424
                                       ========  ========





Note 4   Stockholders' Equity

     (A) Common Stock

     During  January and February  2001,  the Company  raised  $206,000,  net of
offering  costs of $19,000,  for  450,000  common  shares  pursuant to a private
placement offering at $0.50 per share.






                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

Note 4   Stockholders' Equity(continued)

     In July 2001, the Company granted an aggregate  200,000 common shares to an
investment-banking  firm, to an individual  related to that firm for  consulting
services  rendered,  and  terminated  its  relationship  with  those  parties by
obtaining general releases from any future  obligations.  The shares were valued
at the recent  cash-offering  price of $0.50 per share or an aggregate $100,000,
which was charged to consulting expense in July 2001.

     (B) Stock Options

     In January 2001, the Company  granted  options to purchase 80,000 shares of
common stock to a consultant  for services  rendered.  The options expire on May
25,  2003 and are  exercisable  at $0.50 per share.  The  Company  recognized  a
consulting expense of $3,599 based on the fair value method under SFAS 123.

     In September 2001, the Company granted options to purchase 20,000 shares of
common stock to a new director of the Company.  The options are  exercisable  at
$0.50 per share,  which was the fair  market  value of the  common  stock at the
grant date. In accordance  with APB 25, for options  issued to employees,  since
the fair market value of the common stock did not exceed the exercise  price, no
compensation cost has been recognized for the options issued.

     On June 30, 2002,  350,000 common stock options,  which were exercisable at
$3.00 per share, expired.

     On August 2, 2002, the Company granted  options to purchase  200,000 common
shares to a consultant at an exercise price of $0.55 per share.  The options are
exercisable  immediately  and expire on August 31, 2005.  Based on the zero fair
value of the options,  computed  using the  Black-Scholes  Option  Pricing Model
under SFAS 123, no expense will be recognized.

     In February 2003,  the Company  issued 100,000 shares of restricted  common
stock at $ .0001 with piggyback  rights for  registration  for  consulting  fees
rendered

     In accordance  with SFAS 123, for options issued to employees,  the Company
has  elected  to  apply  APB   Opinion  No.  25  and  related   interpretations.
Accordingly,  no options were issued  during the period ended  September 30 2003
and therefore no costs have to be  recognized  or shown on a proforma  basis for
the period or for the comparative period ended September 30 2002.
<PAGE>

                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

     The effect of applying Statement No. 123 is not likely to be representative
of the  effects on reported  net income  (loss) for future  years due to,  among
other things, the effects of vesting.

     For consolidated  financial statement disclosure purposes,  the fair market
value of each stock option  granted to  employees  in 2001 was  estimated on the
date of grant  using the  Black-Scholes  Model in  accordance  with SFAS No. 123
using the following assumptions:  expected dividend yield 0%, risk-free interest
rate of 2.73%, volatility 0% and expected term of two years.

     For stock options and warrants issued to  consultants,  the Company applies
SFAS 123. Accordingly, consulting expense of $3,599 was charged to operations in
2001.

     For consolidated  financial statement  disclosure purposes and for purposes
of valuing  stock  options  issued to  consultants  in 2001 in the  accompanying
consolidated  financial  statements,  the fair market value of each stock option
granted  was   estimated  on  the  date  of  grant  using  the  Black-   Scholes
Option-Pricing   Model  in   accordance   with  SFAS  123  using  the  following
weighted-average  assumptions:  expected  dividend yield 0%, risk-free  interest
rate of 4.77%, volatility 0% and expected term of two years.

     For consolidated  financial statement disclosure purposes,  the fair market
value of stock options granted to a consultant in 2002 was estimated on the date
of grant using the Black-Scholes Model in accordance with SFAS No. 123 using the
following  assumptions:  expected dividend yield 0%, risk-free  interest rate of
2.99%, volatility 0% and expected term of three years.

     A  summary  of the  options  issued  to  employees  and  consultants  as of
September 30, 2003 is presented below:

           Options Outstanding                  Options Exercisable
-------------------------------------------  -------------------------
                       Weighted
 Range     Number      Average    Weighted      Number       Weighted
  of     Outstanding  Remaining   Average     Exercisable    Exercise
Exercise at December Contractual  Exercise     at June       Average
 Price    31, 2002       Life      Price       30, 2003       Price
-------- ----------- ----------- ----------  -------------  ----------
 $  0.50      80,000  0.40 Years  $    0.50         80,000   $    0.50
 $  0.50      20,000  0.75 Years       0.50         20,000        0.50
 $  0.55     200,000  2.67 Years       0.55        200,000        0.55
         -----------             ----------  -------------  ----------
             300,000              $    0.53        300,000   $    0.53
         ===========             ==========  =============  ==========

<PAGE>

                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

Note 5   Employment Agreement and Related Amendment

     The Company  entered into an  employment  agreement,  effective  January 1,
2000,  with its  president to pay him $135,000 per year with annual 10% increase
and a bonus  of 1% of gross  commission  revenues  plus  additional  bonuses  as
stipulated.  The president  may also receive stock options to acquire  1,000,000
common  shares at $3.00  per share  based on the  Company  achieving  stipulated
revenue milestones. No options were issued as of September 30, 2003.

     The  president's  January 1, 2000  employment  agreement  was  amended  and
restated on February 15, 2002 to reduce the annual  salary to $75,000  effective
January 1, 2002 and to remove all  commission  and  revenue  bonuses  during the
remaining term of the agreement. (See Note 7)

Note 6   Commitments

     (A) Operating Lease

     On January 24, 2001,  effective  June 1, 2001,  the Company  entered into a
three year office lease agreement for its North Carolina office.  Annual rent is
$11,298,  payable monthly,  with a 4% annual increase.  Rent expense in 2003 and
2002 relating to this lease was $7,796 and $22,132, respectively. Future minimum
lease payments as of June 30, 2003 are as follows:

        2003      $   11,979
        2004           6,107
                  ----------
                  $   18,086
                  ==========

Note 7   Related Parties


     The Company's  president  personally  guarantees  all amounts due under the
terms of the note receivable and related accrued  interest  receivable (see Note
2(A)).

<PAGE>



                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                                 September 30 2003
                                   (Unaudited)

Note 7   Related Parties(continued)


     The Company's  president  personally  guarantees  all amounts due under the
line of credit (see Note 4).

     The Company  entered into an employment  agreement  with its president (see
Note 5).

Note 8  Income Taxes

     There was no income tax during the  quarters  ended  September  30 2003 and
2002 due to the Company's  accumulated net losses which exceed the Company's net
income for the  September  30 2003  period.  The tax  benefit  that has not been
recognized at this time would amount to approximately $ 7,359.

     The Company has a net operating loss carryforward of approximately $500,000
available to offset future taxable income through 2022.

Note 9  Going Concern

     As reflected in the accompanying consolidated interim financial statements,
the  Company  has a net  income of $19,397 in 2003,  an  accumulated  deficit of
$1,310,189 at September 30 2003, cash used in operations of $54,260 in 2003, and
working  capital of $32,551 at September 30 2003.  The ability of the Company to
continue as a going  concern is dependent on the  Company's  ability to generate
future  profits  or  raise  additional  capital.   The  consolidated   financial
statements do not include any adjustments that might be necessary if the Company
is unable to continue as a going concern.

     Management  has cut its  operating  expenses  since  January  1,  2002  and
believes as the nine months of 2003 has shown, that the future operations of the
Company will be profitable. The Company has also entered a new business segment,
real estate development and has begun to generate revenue from this segment. The
Company intends to meet its obligations from generating  income from operations.
Management   believes  that  the  actions  presently  being  taken  provide  the
opportunity for the Company to continue as a going concern.










<PAGE>





Item 2 - Management's Discussion and Analysis of Financial Conditions
          and Results of Operations

     THE  FOLLOWING  DISCUSSION OF THE RESULTS OF OUR  OPERATIONS  AND FINANCIAL
CONDITION  SHOULD BE READ IN CONJUNCTION  WITH OUR FINANCIAL  STATEMENTS AND THE
NOTES  THERETO  INCLUDED  ELSEWHERE  IN THIS REPORT.  EXCEPT FOR THE  HISTORICAL
INFORMATION  CONTAINED HEREIN, THE DISCUSSION  CONTAINED IN THIS REPORT CONTAINS
"FORWARD-LOOKING   STATEMENTS"  THAT  INVOLVE  RISK  AND  UNCERTAINTIES.   THESE
STATEMENTS MAY BE IDENTIFIED BY THE USE OF  FORWARD-LOOKING  TERMINOLOGY SUCH AS
"BELIEVES,"  "EXPECTS," "MAY," "WILL," "SHOULD" OR "ANTICIPATES" OR THE NEGATIVE
THEREOF OR SIMILAR  EXPRESSIONS OR BY  DISCUSSIONS  OF STRATEGY.  THE CAUTIONARY
STATEMENTS MADE IN THIS REPORT SHOULD BE READ AS BEING APPLICABLE TO ALL RELATED
FORWARD-LOOKING  STATEMENTS  WHEREVER  THEY  APPEAR IN THIS  REPORT.  OUR ACTUAL
RESULTS COULD DIFFER MATERIALLY FROM THOSE DISCUSSED IN THIS REPORT.

Results of Operations

     For the  nine  months  ended  September  30 2003  the  company  has  become
profitable in that it has net income of $ 19,397 versus a loss at the year ended
December  31,  2002 of $ 84,376  and a loss  for the  comparative  period  ended
September 30 2002 of $ 59,767.

     The Company has continued its cost cutting ways and has reduced advertising
costs  almost  40% from $  56,250  in 2002 to $  36,048  and  rent  has  dropped
significantly  from $ 22,132 to $ 7,796.  Commissions  for the nine months ended
September  30, 2003 were $ 135,675  compared to $ 153,161 in 2002 when  revenues
increased from $ 348,881 to $ 383,459.

     Credit report fees have decreased from $ 8,112 to $ 6,800 from 2002 to 2003
respectively even though revenues have increased.

     General and administrative expenses have increased significantly mainly due
to  increased  office and  general  costs  totaling $ 48,954 for the nine months
ended  September  30, 2003 compared to the same period last year of only 30,649,
which is partially due to the move to new offices.

     Processing  fees increased to $ 13,220 in 2003 from 4,390 in 2002 partially
because of the increased volume in revenues.

     Professional fees have decreased  significantly  from $ 57,151 in 2002 to $
27,720 in 2003 since no major filings have taken place in this period.

     Telecommunications  and utilities has decreased  from $ 26,605 in 2002 to $
20,819 in 2003 which  reflects  the move to new offices and the cuts in expenses
undertaken by management.

Liquidity and Capital Resources

     Since inception,  we have funded operations primarily through our brokerage
business,  net cash  proceeds  from  private  offerings  of our common stock and
through our line of credit with Union Planters Bank,  N.A. At September 30 2003,
we had cash  and cash  equivalents  of  $4,620  as  compared  to the year  ended
December  31,  2002 which was $ 7,921 and our  shareholders  equity for the nine
months  ended  September  30 2003 was  $20,307  as  compared  to the year  ended
December  31,  2002 which was $ 900.  We expect our cash on hand to last for the
next two (2) months.  If cash  generated  from  operations in future  periods is
insufficient  to satisfy  our  liquidity  requirements,  we may sell  additional
equity or debt securities, or obtain additional credit facilities.  The issuance
of additional  equity or convertible  debt securities could result in additional
dilution to our shareholders.

     Net cash used in operating  activities  during nine months ended  September
30, 2003 was $ 54,260 which was mainly due to  construction  of real estate that
was  incomplete at the nine months then ended and reduction in accounts  payable
compared to net cash used in operating activities for the year ended December 31
2002  which was  $45,789,  which was  primarily  due to the net loss of  $84,376
offset by compensation received by an officer in exchange for a reduction in the
note receivable of $48,708.

     Net cash used in investing  activities  during the quarter ended  September
30, 2003 was $ 26,611 resulting from additions to the new office compared to the
year  ended  December  31,  2002  whereby  cash  was  provided  by in  investing
activities of $17,747.

     As of  September  30, 2003,  we had net  operating  loss carry  forwards of
approximately $500,000 available to offset future taxable income through 2022.

ITEM 3.  CONTROLS AND PROCEDURES

     Within 90 days prior to the date of this report under the  supervision  and
participation  of certain  members of the  Company's  management,  including the
President,  the Company  completed an  evaluation  of the  effectiveness  of the
design and operation of its  disclosure  controls and procedures ( as defined in
Rules  13a - 14 and  15d - 14c to  the  Securities  Exchange  Act  of  1934,  as
amended).  Based on this evaluation,  the Company's  President believes that the
disclosure  controls  and  procedures  are  effective  with  respect  to  timely
communicating to them and other members of management  responsible for preparing
periodic  reports all  material  information  required to be  disclosed  in this
report as it relates to the Company.

                          PART II - OTHER INFORMATION
                         ------------------------------

Item 1 - Legal Proceedings

There are no legal proceedings at this time.

Item 2 - Change in Securities

     In  February  2003,  100,000  shares of  restricted  stock was  issued  for
services rendered.

Item 3 - Defaults Upon Senior Securities

Not applicable

Item 4 - Submission of Matters to a Vote of Security Holders

None

Item 5 - Other Information

The registrant has changed its head office to 155 Wilson Lake Road, Mooresville,
NC 28117 and has maintained the same telephone number.

Item 6 - Exhibits and Reports on Form 8-K

         Exhibit 11     - Computation of earnings per common share - see
                           Statement of Operations

         Exhibit 31     - Certification pursuant to Section of the Sorbanes-
                          Oxley Acot of 2002

         Exhibit 32     - Certification by Byron J. Webb, President,
                          pursuant to Section 906 of the Sorbanes-Oxley
                          Act of 2002.





         Reports on Form 8-K - None


<PAGE>








                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, The
Registrant has duly caused this report to be signed by the undersigned thereunto
duly authorized.


Webb Mortgage Depot, Inc.


BY: /s/ Byron J. Webb
   ---------------------------
   Byron J. Webb, President


Dated:  November 14, 2003.



<PAGE>
                                                             EXHIBIT 31

                           CERTIFICATION PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
                            (18 U.S.C. SECTION 1350)




I, Byron J Webb, certify that;


     1. I have  reviewed this  quarterly  report on Form 10-QSB of Webb Mortgage
Depot, Inc.

     2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

     3. Based on my knowledge,  the financial  statements,  and other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registration as of, and for, the periods presented in this quarterly report;

     4. The  registrant's  other  certifying  officers and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure  controls and procedure to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others  within those  entities,  particularly  during the
period in which this quarterly report is being prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
procedures  as of a date  within  90  days  prior  to the  filing  date  of this
quarterly report (the "Evaluation Date"); and

     c)  presented  in  this  quarterly   report  our   conclusions   about  the
effectiveness of the disclosure  controls and procedures based on our evaluation
as of the Evaluation Date;

     5. The registrant's other certifying  officers and I have disclosed,  based
on our most  recent  evaluation,  to the  registrant's  auditors  and the  audit
committee  of  registrant's  board  of  directors  (or  persons  performing  the
equivalent functions):

     a) all  significant  deficiencies  in the design or  operation  of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and have  identified  for the
registrant's auditors any material weaknesses in internal controls; and

     b) any fraud,  whether or not material,  that involves  management or other
employees who have a significant role in the registrant's internal controls; and

<PAGE>

     6. I have indicated in this quarterly report whether there were significant
changes in internal controls or in other factors that could significantly affect
internal  controls  subsequent  to the  date  of  our  most  recent  evaluation,
including any  corrective  actions with regard to significant  deficiencies  and
material weaknesses.





                                       /s/ Byron J. Webb
                           ---------------------------------------------
                                        Byron J. Webb
                                         President





November 14, 2003






<PAGE>





                                                                   EXHIBIT 32

                            CERTIFICATION PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
                            (18 U.S.C. SECTION 1350)



     In connection  with the  Quarterly  Report of Webb  Mortgage  Depot,  Inc a
Florida  corporation (the  "Company"),  on Form 10-QSB for the nine months ended
September 30, 2003 as filed with the  Securities  and Exchange  Commission  (the
"Report"),  I, Byron J. Webb  President,  of the Company,  certify,  pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C.  Section 1350), that to
my knowledge:

     1. The Report fully  complies  with the  requirements  of section  13(a) or
15(d) of the Securities Exchange Act of 1934; and

     2. The information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.



                                            /s/ Byron J. Webb
                             -------------------------------------------
                                             Byron J. Webb
                                             President


November 14, 2003

<PAGE>