UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington D. C. 20549

                                   FORM 10-QSB
                   QUARTERLY REPORT UNDER SECTION 13 or 15 (d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2006

                        Commission file number 333-63432

                           Atlantic Wine Agencies Inc.
        (Exact name of small business issuer as specified in its charter)

     Florida                                          65-110237
(State or other jurisdiction of                  (I.R.S. Employer
incorporation or organization)                   Identification No.)

                               Golden Cross House
               8 Duncannon Street, London, United Kingdom WC2N 4JF
               (Address of principal executive offices) (Zip Code)

                 Issuer's telephone number: 011-44-207-484-5005
                           (Issuer's telephone number)

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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 [_]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date.

The number of shares of the issuer's outstanding common stock, which is the only
class of its common equity, on August 18, 2006 was 86,323,880.


<PAGE>

ITEM 1 FINANCIAL STATEMENTS

<TABLE>
<CAPTION>

Description                                                                                                 Page No.
FINANCIAL INFORMATION:
<S>                                                                                                         <C>
Financial Statements

Consolidated Balance Sheets at June 30, 2006
   (Unaudited)..............................................................................................    3

Consolidated Statement of Operations for the Three Months Ended June 30, 2006 and 2005,
   respectively (Unaudited).................................................................................    4

Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2006 and 2005, respectively
(Unaudited) ................................................................................................    5

Notes to Consolidated Financial Statements (Unaudited)......................................................    6
</TABLE>


<PAGE>


ITEM 1. FINANCIAL STATEMENTS


                  ATLANTIC WINE AGENCIES, INC. and SUBSIDIARIES
                    (Formerly New England Acquisitions, Inc.)

                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                 June 30,         March 31,
                                                                   2006             2006
                                                               -----------      -----------
                                                               (Unaudited)       (Audited)
<S>                                                            <C>              <C>
CURRENT ASSETS
   Cash                                                        $    31,378      $    78,145
   Accounts receivable                                             301,048          507,065
   Inventory                                                       634,218          324,492
   Prepaid expenses and other                                        8,536            9,142
                                                               -----------      -----------
         Total Current Assets                                      975,180          918,844

OTHER ASSETS
Property, plant and equipment, net                               2,728,022        2,945,682
Trademark                                                            1,209            1,426
                                                               -----------      -----------
                                                               $ 3,704,411      $ 3,865,952
                                                               ===========      ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Due to factoring agent                                      $     1,712      $    99,595
   Loans from principal shareholders                             1,356,506        1,259,863
   Accounts payable                                                311,439          299,004
   Accrued expenses                                                 86,552          220,967
   Accrued payroll taxes                                               719           25,926
                                                               -----------      -----------
         Total Current Liabilities                               1,756,928        1,905,355

STOCKHOLDERS' EQUITY
   Common stock authorized 150,000,000
     shares; $0.00001 par value; issued
     and outstanding 86,323,880 shares                                 868              868
   Additional contributed capital                                7,829,536        7,829,536
   Accumulated deficit                                          (6,200,951)      (6,184,014)
   Accumulated other comprehensive income                          318,030          314,207
                                                               -----------      -----------
         Total Stockholders' Equity                              1,947,483        1,960,597
                                                               -----------      -----------

                                                               $ 3,704,411      $ 3,865,952
                                                               ===========      ===========
</TABLE>

                 See accompanying notes to financial statements.
<PAGE>

                  ATLANTIC WINE AGENCIES, INC. and SUBSIDIARIES
                    (Formerly New England Acquisitions, Inc.)

                      CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                          For the Three Months Ended
                                                                     June 30,
                                                         ------------------------------
                                                             2006              2005
                                                         ------------      ------------
                                                         (Unaudited)        (Unaudited)
<S>                                                      <C>               <C>
NET SALES                                                $     55,959      $     94,302

COSTS AND EXPENSES
   Cost of goods sold                                          13,820           111,025
   Selling, general and administrative                         42,185           418,995
   Depreciation and amortization                               26,086            18,789
                                                         ------------      ------------
         Total Costs and Expenses                              82,091           548,809
                                                         ------------      ------------

OTHER INCOME
   Insurance claims                                             9,195
                                                         ------------      ------------

NET LOSS                                                      (16,937)         (454,507)

NET LOSS PER SHARE, basic and diluted                    $      (0.01)     $      (0.01)
                                                         ============      ============

Weighted average number of common shares outstanding       86,323,880        84,838,027
                                                         ============      ============
</TABLE>

                 See accompanying notes to financial statements.

<PAGE>

                  ATLANTIC WINE AGENCIES, INC. and SUBSIDIARIES
                    (Formerly New England Acquisitions, Inc.)

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                For the Three Months Ended
                                                                         June 30,
                                                                 ------------------------
                                                                    2006           2005
                                                                 ---------      ---------
                                                                 (Unaudited)    (Unaudited)
<S>                                                              <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss for period                                           $ (16,937)     $(454,507)
   Non-cash item included in net loss:
     Depreciation and amortization                                  26,086         18,789
  Changes in operating assets and liabilities:
     Accounts receivable                                           206,017       (154,437)
     Inventory                                                    (309,726)       122,700)
     Prepaid expense and other                                         606         30,626
     Accounts payable                                               12,435        111,222
     Accrued expenses                                             (134,415)        22,985
     Accrued payroll taxes                                         (25,207)       (65,181)
                                                                 ---------      ---------
           Net Cash Used In Operating Activities                  (241,141)      (367,803)
CASH FLOWS FROM FINANCING ACTIVITIES
   Loan from principal shareholders                                 96,643        297,054
   Due to factoring agent                                          (97,883)
                                                                 ---------      ---------
         Net Cash Used In Financing Activities                      (1,240)       297,054
                                                                 ---------      ---------
CASH FLOWS FROM INVESTING ACTIVITIES
   Capital expenditure                                                            (11,250)
   Disposal of fixed assets                                        191,791
                                                                 ---------      ---------
         Net Cash Provided by (Used in) Investing Activities       191,791        (11,250)

EFFECT OF EXCHANGE RATE CHANGES ON CASH                              3,823         32,491
                                                                 ---------      ---------

NET DECREASE IN CASH                                               (46,767)       (49,508)

CASH AND CASH EQUIVALENTS AT
    BEGINNING OF PERIOD                                             78,145         97,487
                                                                 ---------      ---------

CASH AT END OF PERIOD                                            $  31,378      $  47,939
                                                                 =========      =========
</TABLE>

                 See accompanying notes to financial statements.
<PAGE>

                             ATLANTIC WINE AGENCIES,
                              INC. and SUBSIDIARIES
                    (Formerly New England Acquisitions, Inc.)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  June 30, 2006
                                   (Unaudited)

NOTE A - BASIS OF PRESENTATION

      The accompanying condensed consolidated financial statements have been
      prepared in accordance with generally accepted accounting principles for
      interim financial information. Accordingly, they do not include all of the
      information and footnotes required by generally accepted accounting
      principles for complete financial statements. In the opinion of
      management, all adjustments (consisting of normal recurring accruals)
      considered necessary in order to make the financial statements not
      misleading have been included. Results for the three months ended June 30,
      2006 are not necessarily indicative of the results that may be expected
      for the year ending March 31, 2007. For further information, refer to the
      financial statements and footnotes thereto included in the Atlantic Wine
      Agencies, Inc., formerly New England Acquisitions, Inc., annual report on
      Form 10-KSB for the year ended March 31, 2006.

NOTE B - GOING CONCERN

      As indicated in the accompanying financial statements, the Company has an
      Accumulated deficit of $6,200,951. Management's plans include the raising
      of capital through the equity markets to fund future operations and the
      generating of revenue through its business. Failure to raise adequate
      capital and generate adequate sales revenues could result in the Company
      having to curtail or cease operations. Additionally, even if the Company
      does raise sufficient capital to support its operating expenses and
      generate adequate revenues, there can be no assurances that the revenue
      will be sufficient to enable it to develop business to a level where it
      will generate profits and cash flows from operations. These matters raise
      substantial doubt about the Company's ability to continue as a going
      concern. However, the accompanying financial statements have been prepared
      on a going concern basis, which contemplates the realization of assets and
      satisfaction of liabilities in the normal course of business. These
      financial statements do not include any adjustments relating to the
      recovery of the recorded assets or the classification of the liabilities
      that might be necessary should the Company be unable to continue as a
      going concern.

NOTE C - DUE PRINCIPAL STOCKHOLDERS

      During the quarter ended June 30, 2006, the principal stockholders
      continued to advance funds for working capital. The amount advanced during
      the quarter approximated $96,000.

<PAGE>


Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operation

Financial results reflect securing HBJ as distributor within the UK with premium
brands being focused on through the business which has resulted increasing
margin back to the business. Atlantic Wine Agencies will continue to focus on
securing agency agreements in Europe and South Africa providing direct route to
market from Mount Rozier Estate implementing cost saving initiatives highlighted
in annual report. Mount Rozier Estate has further secured exceptional results
from two of the most respected International wine competitions continuing on
last year's success and recent 2006 IWC results. Mount Rozier excelled in the
Decanter World Wine Awards one of the world's most influential and respected
wine competition. Now in its third year, the Decanter World Wine Awards is a
global competition whose aim is to provide credible recommendations for today's
wine consumer. The Awards reflect regional styles, celebrate diversity, promote
value for money, and highlight quality.

Mount Rozier Cabernet Sauvignon Cuvee Burr 2004      GOLD
Mount Rozier Merlot Cuvee Julian 2004                SILVER
Mount Rozier Shiraz Cuvee Mauerberger 2004           SILVER

Atlantic Wine Agencies are pleased to report on success also in The
International Wine and Spirit Competition founded in 1969 and is the premier
competition of its kind in the world. In 2005 The Competition received
approximately 5,000 entries from over 50 countries.

Mount Rozier Cabernet Sauvignon Cuvee Burr 2004       SILVER
Mount Rozier Shiraz Cuvee Mauerberger      2004       SILVER BEST IN CLASS

Atlantic Wine Agencies profile continues to be raised by Mount Rozier and
management intends to build on recent successes.


RESULTS OF OPERATIONS

Our revenues from the previous 3-month period ending June 30, 2005 decreased
from $94,302 to $55,959.

In furtherance of our goal of building world class wine brands from South
Africa, we intend to revisit some of our earlier business development strategies
of strengthening our business outside core wine model into potentially the
leisure & resource industry delivering value to all shareholders. We will
endeavour to keep the public promptly updated as our options clarify themselves.

We have financed our operations to date through loans made to us by our
shareholders and their affiliates.

Operating costs for the three-months ended June 30, 2005 aggregated $548,809 or
$0.01 per share as compared to $82,091 or $0.01per share for the year ended June
30, 2006.

LIQUIDITY AND CAPITAL RESOURCES

For the three-months ended June 30, 2006 net cash used to fund operating
activities aggregated $241,141 net cash provided by investing activities
aggregated $191,791 and net cash provided by financing activities aggregated
$1,240.

<PAGE>

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The Company's discussion and analysis of its financial condition and results of
operations are based upon its financial statements, which have been prepared in
accordance with accounting principles generally accepted in the United States.
The preparation of these financial statements requires the Company to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues and expenses, and related disclosure of contingent assets and
liabilities. On an on-going basis, the Company evaluates its estimates,
including those related to bad debts, income taxes and contingencies and
litigation. The Company bases its estimates on historical experience and on
various other assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
carrying values of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In May 2003, the FASB issued SFAS No. 150, "Accounting for Certain Instruments
with Characteristics of Both Liabilities and Equity." This standard requires
that certain financial instruments embodying an obligation to transfer assets or
to issue equity securities be classified as liabilities. It is effective for
financial instruments entered into or modified after May 31, 2003, and otherwise
is generally effective July 1, 2003. This standard had no impact on the
Company's financial statements.

In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure - an Amendment to FASB Statement No.
123." SFAS No. 148 amends SFAS No. 123, "Accounting for Stock-Based
Compensation," to provide alternative methods for transition to SFAS No. 123's
fair value method of accounting for stock-based compensation. As amended by SFAS
No. 148, SFAS No. 123 also requires additional disclosure regarding stock-based
compensation in annual and condensed interim financial statements. The new
disclosure requirements became effective immediately.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The Company's discussion and analysis of its financial condition and results of
operations are based upon its financial statements, which have been prepared in
accordance with accounting principles generally accepted in the United States.
The preparation of these financial statements requires the Company to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues and expenses, and related disclosure of contingent assets and
liabilities. On an on-going basis, the Company evaluates its estimates,
including those related to bad debts, income taxes and contingencies and
litigation. The Company bases its estimates on historical experience and on
various other assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
carrying values of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions.


Item 3. Controls and Procedures.

            (a) Our principal executive officer and principal financial officer
      has evaluated the effectiveness of our disclosure controls and procedures
      (as defined in Exchange Act Rules 13a-14 and 15d-14) as of a date within
      90 days prior to the filing date of this quarterly report and has
      concluded that our disclosure controls and procedures are adequate.

            (b) There were no significant changes in our internal controls or in
      other factors that could significantly affect these controls subsequent to
      the date of their evaluation, including any corrective actions with regard
      to significant deficiencies and material weaknesses.

            (c) Not applicable

<PAGE>

                                     PART II

Item 1. Legal Proceedings

None.


Item 2. Changes in Securities

None


Item 3. Defaults Upon Senior Securities

None


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

a. Exhibit Index

Exhibit 99.1 Certification of President and Principal Financial Officer

Exhibit 99.2 Certification of President and Principal Financial Officer


<PAGE>

b. Reports on Form 8-K None.

                                   SIGNATURES

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

ATLANTIC WINE AGENCIES INC.

------------------------
Name: Adam Mauerberger
Title: President, Chief Financial Officer and Chairman of the Board
Date:  August 21, 2006