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, 2004, 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


                               N/A
       ----------------------------------------------------------------
       (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:

                            4,169,144


<PAGE>




PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements







                            Webb Mortgage Depot, Inc.


                          Interim Financial Statements

                                 September 30, 2004






WEBB MORTGAGE DEPOT, INC.
CONSOLIDATED INTERIM BALANCE SHEET
AS AT September 30 2004
(UNAUDITED)
<TABLE>

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

                                                 September 30,   September 30,
                                                    2004             2003
-------------------------------------------------------------------------------
ASSETS
<S>                                                 <C>              <C>
CURRENT ASSETS

Cash and cash equivalents                            $  29,404       $  4,620
Interest receivable                                       -             5,655
Real estate held for resale                            624,459         56,069
Prepaid expenses and sundry assets                       2,662          1,607
-------------------------------------------------------------------------------

TOTAL CURRENT ASSETS                                   656,525         67,951
-------------------------------------------------------------------------------

PROPERTY AND EQUIPMENT, NET                             21,029         26,399
-------------------------------------------------------------------------------
OTHER ASSETS
Due from principal stockholder/officer                    -             8,757
-------------------------------------------------------------------------------

TOTAL OTHER ASSETS                                        -             8,757
------------------------------------------------------------------------------


TOTAL ASSETS                                        $  677,554      $ 103,107
------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

WEBB MORTGAGE DEPOT, INC.
CONSOLIDATED INTERIM BALANCE SHEET
AS AT September 30, 2004
(UNAUDITED)
<TABLE>
-------------------------------------------------------------------------------

                                                    September 30, September 30,
                                                        2004         2003

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

LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                                   <C>            <C>
CURRENT LIABILITIES
Lines of credit                                       $  52,155      $  52,020
Accounts payable                                         24,084         30,780
Mortgage payable - real estate                          459,541           -
Due to principal stockholder                             20,918           -
-------------------------------------------------------------------------------

TOTAL CURRENT LIABILITIES                               556,698         82,080
-------------------------------------------------------------------------------

STOCKHOLDERS' EQUITY
Common stock, $ 001 par value, 25,000,000 authorized,
  issued and outstanding - 4,189,144(2003 - 4,119,144)    4,189          4,119

Additional paid-in capital                            1,326,312      1,326,377

Accumulated deficit                                  (1,209,645)    (1,310,189)
-------------------------------------------------------------------------------

TOTAL STOCKHOLDERS' EQUITY                              120,856         20,307
-------------------------------------------------------------------------------

TOTAL LIABILITIES AND STOCKEHOLDERS' EQUITY          $  677,554      $ 103,107
-------------------------------------------------------------------------------
</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, 2004
(UNAUDITED)
<TABLE>

-------------------------------------------------------------------------------
                              Three Months Ended          Nine Months Ended
                                September 30,               September 30,
                                2004      2003          2004            2003
-------------------------------------------------------------------------------
<S>                        <C>        <C>            <C>            <C>
REVENUE                    $ 123,979  $   73,812      $ 337,626      $ 383,459
-------------------------------------------------------------------------------
EXPENSES
Management salary              7,500      17,500         22,500         52,500
Advertising                   11,477      16,654         50,368         36,048
Appraisals, titlework and
     surveys                   4,370         920          9,945          6,800
Commissions                   13,244      58,649         51,687        135,675
Consulting fees               49,689         -           49,689             -
Credit reports                   281       4,704          1,784          8,694
Depreciation and amortization    993       1,432          3,587          1,636
General and administrative    12,435     (24,277)        45,170         48,954
Processing fees                1,975      12,166         10,467         13,220
Professional fees             (5,027)     22,875          5,525         27,720
Rent                             450       2,917          4,394          7,796
Telecommunications and
    utilities                  5,654       4,968         15,411         20,819
-------------------------------------------------------------------------------

TOTAL EXPENSES               103,041     118,508        270,527        359,862
-------------------------------------------------------------------------------

INCOME(LOSS) FROM OPERATIONS  20,938     (44,696)        67,099         23,597

OTHER ITEMS
Bank charges & loan interest  (1,435)     (1,153)        (3,354)        (4,200)
-------------------------------------------------------------------------------

NET INCOME(LOSS)           $  19,503   $ (45,849)     $  63,745      $  19,397
-------------------------------------------------------------------------------

Weighted Average Number of
 Shares Outstanding
   Basic and Diluted       4,189,144  4,119,144       4,189,144      4,119,144
                           =========  =========       =========      =========
Earnings(loss) per share -
  basic and diluted       $     .004 $     (.01)    $      .015     $     .005
                           =========  =========       =========      =========
</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, 2004
(UNAUDITED)
<TABLE>
-------------------------------------------------------------------------------

                                                         2004            2003
-------------------------------------------------------------------------------
<S>                                                   <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income(loss)                                      $  63,745      $  19,397
Adjustments to reconcile net income(loss) to net cash
 used in operating activities
  Depreciation and amortization                           3,587          1,636
  Stock issued for services                                -                10
Changes in assets and liabilities
  Increase in prepaid expenses                             -                76
  Increase(Decrease) in accounts payable                  9,946        (19,310)
-------------------------------------------------------------------------------

                                                         13,533        (17,588)
-------------------------------------------------------------------------------

NET CASH PROVIDED BY OPERATING ACTIVITIES                77,278          1,809
-------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Increase in real estate held for resale(net)          (67,473)       (56,069)
  Acquisition of fixed assets                           (10,260)       (26,611)
-------------------------------------------------------------------------------

NET CASH USED IN INVESTING ACTIVITIES                   (77,733)       (82,680)
-------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Lines of credit                                            (866)          (588)
(Advances to)repayment by officer(net)                      468         78,158
-------------------------------------------------------------------------------
NET CASH USED IN FINANCING ACTIVITIES                      (398)        77,570
-------------------------------------------------------------------------------

Increase(decrease) in cash                                 (853)        (3,301)


Cash and cash equivalents - beginning of period          30,257          7,921
-------------------------------------------------------------------------------

CASH AND CASH EQUIVALENTS - END OF PERIOD              $ 29,404      $   4,620
-------------------------------------------------------------------------------
</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, 2004
(UNAUDITED)
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>


                                                  Deficit
                                                Accumulated
                                     Additional  During the
                     Common Stock      Paid-In   Development
                Shares   Amount        Capital     Stage        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           150,000      150         (135)      -                15

Net income for
  Year                 -          -         -          56,196        56,196
                  ---------   ------    ---------   ---------       -------

Balance - December
   31, 2003       4,169,144 $  4,169   $1,326,332 $(1,273,390)    $  57,111

Correction of
 stock issuance      20,000       20          (20)      -              -

Net income for
  Period              -            -        -          63,745        63,745
                  ---------   ------    ---------   ---------       -------
Balance - September 30,
   2004           4,189,144 $  4,189   $1,326,312 $(1,209,645)    $ 120,856
                  =========  =======    =========  ==========       =======
</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, 2004
                                   (Unaudited)

Note 1   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 March 31, 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 March 31, 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. The Company
is in the process of  completing a property in North  Carolina.  The Company has
just listed the property for sale.

     (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.

     In the opinion of management,  these interim financial  statements  include
all adjustments necessary in order to make them not misleading
<PAGE>


                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                               September 30, 2004
                                   (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, 2004,  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, 2004, 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 6
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, 2004
                                   (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, 2004
                                   (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
netincome 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 September 30, 2004 and 2003, the
assumed  exercise of common stock  equivalents was not utilized since the effect
was  antidilutive  due to the net losses.  At  September  30,  2004,  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, 2004
                                   (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, 2004
                                   (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, 2004
                                   (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 March 31, 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, 2004
                                   (Unaudited)



     (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.

Note 2   Property and Equipment

     Property and equipment consists of the following at June 30, 2004 and 2003:

                                         2004      2003
                                       --------  --------
     Leasehold improvements            $ 27,238  $ 26,611
     Computers and equipment              3,257     3,257
                                       --------  --------
                                         30,495    29,868
     Less: Accumulated depreciation      (9,466)   (3,469)
                                       --------  --------
     Property and Equipment, net       $ 21,029  $ 26,399
                                       =======    =======

     Depreciation  expense for the nine months ended September 30, 2004 and 2003
was $3,587 and $1,636, respectively.

Note 3   Lines of Credit

     The Company maintained an overdraft credit line with a bank for funds up to
$5,000.  The principal amount is due on demand. The line bears interest at prime
plus 3% (8% and 7.75% as of September 30, 2004 and 2003, respectively).  Amounts
outstanding,  including  accrued  interest at  September  30, 2004 and 2003 were
$3,882, and $4,360, respectively.

     The Company  maintains a $50,000 line of credit with a bank. The line bears
interest  at prime  plus 3% (7.25%  and 7.75% at  September  30,  2004 and 2003,
respectively).  The loan is due on demand  and is  secured  by all assets of the
Company with a guarantee by the  president of the Company.  Amounts  outstanding
including  accrued  interest at  September  30,  2004 and 2003 were  $48,274 and
$48,412, respectively. (See Note 9)

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.


<PAGE>


                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                               September 30, 2004
                                   (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.


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 December 31, 2001.

     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 8)

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.  Future  minimum  lease
payments as of September 30, 2004 are as follows:

        2004      $    2,910


<PAGE>



                   Webb Mortgage Depot, Inc. and Subsidiaries
               Notes to Consolidated Interim Financial Statements
                               September 30, 2004
                                   (Unaudited)

Note 7   Related Parties


     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, 2004 and
2003 due to the Company's accumulated net losses.

     The  Company  has a net  operating  loss carry  forward  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 $ 63,745 in 2004,  an  accumulated  deficit of
$1,209,856  at September  30, 2004,  cash  provided by  operations of $77,278 in
2004,  and working  capital of $70,423 at September 30, 2004. 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.  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,  2004 the  company  has  become
profitable  in that it had net  income of $ 63,745  compared  with net income in
2003 of $19,397. The increase in profitability and revenues for the last quarter
relates  to the fact that  management  has  completed  the  construction  of its
property  on  Grayrock  Road and  management  has  taken a more  active  role in
generating revenues from mortgages.

     The Company has continued its cost cutting ways as expenses have dropped to
$ 270,527 for the nine months ended  September  30, 2004 compared with $ 359,862
for the same period in 2003.  The largest  part of this  relates to  commissions
which  is $ 51,687  for  2004  versus $  135,675  in 2003  and for  general  and
administrative expenses which dropped from $ 48,954 in 2003 to $ 45,170 in 2004.

     Credit report fees have decreased from $ 8,694 to $ 1,784 from 2003 to 2004
in  accordance  with the  decreased  volume of  revenues  generated  in the nine
months.


     Professional  fees have  decreased  from $ 27,720 in 2003 to $5,525 in 2004
mainly due to some underaccruals in 2002.

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, 2004,
we had cash and cash  equivalents  of  $29,404  as  compared  to the year  ended
December 31, 2003 which was $ 30,257 and our shareholders equity for the quarter
ended September 30, 2004 was $120,856 as compared to the year ended December 31,
2003 which was $ 57,111. 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  provided  from  operating  activities  during nine  months  ended
September  30, 2004 was $ 77,278  which was mainly due to the net income for the
period of $44,242 compared to net cash used in operating activities for the year
ended December 31 2003 which was $68,463.


     As of  September  30, 2004,  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  2004,  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

None

Item 6 - Exhibits and Reports on Form 8-K

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

         Exhibits 31 & 32 Certifications 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 12, 2004.



<PAGE>


                                                             Exhibit 31.1

                           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. I am 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.  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 12, 2004







                                                                    EXHIBIT 32.1

                            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  quarter  ending
September 30, 2004 as filed with the  Securities  and Exchange  Commission  (the
"Report"), I, Byron Webb President & CEO, 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 Webb
                             -------------------------------------------
                                             Byron Webb
                                             President & CEO


November 12, 2004.

<PAGE>