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, 2005
                        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, 2005 was 84,838,027.


                                       1
<PAGE>

ITEM 1 FINANCIAL STATEMENTS

Description                                                             Page No.
-----------                                                             --------
FINANCIAL INFORMATION:

Financial Statements

Consolidated Balance Sheets at June 30, 2005
   (Unaudited).............................................................  3

Consolidated Statement of Operations for the Three Months
   Ended June 30, 2005 and 2004, respectively (Unaudited)..................  4

Consolidated Statements of Cash Flows for the Three Months
   Ended June 30, 2005 and 2004, respectively (Unaudited) .................  5

Notes to Consolidated Financial Statements (Unaudited).....................  6


                                       2
<PAGE>

ITEM 1. FINANCIAL STATEMENTS

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

                           CONSOLIDATED BALANCE SHEET
                                  JUNE 30, 2005

CURRENT ASSETS
   Cash                                                           $      47,939
   Accounts receivable                                                  191,492
   Inventory                                                          1,420,757
   Receivable from officer                                               48,761
   Prepaid expenses and other                                            13,334
                                                                  -------------
         Total Current Assets                                         1,722,283

OTHER ASSETS
   Property, plant and equipment, net                                 2,749,439
   Intangibles net of amortization                                       41,034
                                                                  -------------

                                                                  $   4,512,756
                                                                  =============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable                                               $     212,603
   Due to Dominion Wines                                                344,381
   Accrued expenses                                                     136,737
                                                                  -------------
         Total Current Liabilities                                      693,721

LONG-TERM DEBT
   Due to principal stockholders                                      3,018,323

STOCKHOLDERS' EQUITY
   Common stock authorized 150,000,000
     shares; $0.00001 par value; issued
     and outstanding 84,838,027 shares                                      849
   Additional contributed capital                                     3,999,531
   Other comprehensive income                                          (182,596)
   Deficit in retained earnings                                      (3,017,072)
                                                                  -------------
         Total Stockholders' Equity                                     800,712
                                                                  -------------

                                                                  $   4,512,756
                                                                  =============

                See accompanying notes to financial statements.


                                       3
<PAGE>

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

                      CONSOLIDATED STATEMENTS OF OPERATIONS

                                                   For the Three Months Ended
                                                             June 30,
                                                  -----------------------------
                                                      2005              2004
                                                  ------------     ------------

NET SALES                                         $     94,302     $     56,143

COSTS AND EXPENSES
   Cost of goods sold                                  111,025          128,107
   Stock Based Compensation                                             536,500
   Selling, general and administrative                 418,995          148,858
   Depreciation and amortization                        18,789            5,543
                                                  ------------     ------------

         Total Costs and Expenses                      548,809          819,008
                                                  ------------     ------------

NET LOSS                                          $    454,507     $    762,865
                                                  ============     ============

NET LOSS PER SHARE, basic and diluted             $      (0.01)    $      (0.02)
                                                  ============     ============

Weighted average number of common shares
  outstanding                                       84,838,027       67,799,291
                                                  ============     ============

                 See accompanying notes to financial statements.


                                       4
<PAGE>

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

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                    For the Three Months Ended
                                                              June 30,
                                                    ---------------------------
CASH FLOWS FROM OPERATING ACTIVITIES                    2005           2004
                                                    ------------   ------------
   Net loss for period                              $   (454,507)  $   (762,865)
   Non-cash item included in net loss:
      Stock based compensation                                          536,500
      Depreciation and amortization                       18,789          5,574
   Changes in operating assets and liabilities:
      Accounts receivable                               (154,437)        (4,610)
      Inventory                                          122,700        (57,931)
      Accounts payable                                   111,222         58,872
      Prepaid expenses and other                          30,626
      Accrued expenses                                    22,985        (13,500)
      Accrued payroll taxes                              (65,181)
      Increase in due to principal stockholders          297,054        298,618
                                                    ------------   ------------
         Net Cash (Used In) Provided by
           Operating Activities                          (70,749)        60,658
CASH FLOWS FROM FINANCING ACTIVITIES
   Cash acquired in acquisition                                         120,742
                                                    ------------   ------------
         Net Cash Provided by Financing
           Activities                                                   120,742
                                                    ------------   ------------

CASH FLOWS FROM INVESTING ACTIVITIES
   Capital expenditure                                   (11,250)
                                                    ------------   ------------

         Net Cash Used in Investing Activities           (11,250)
                                                    ------------   ------------

EFFECT OF EXCHANGE RATE CHANGES ON CASH                   32,491        128,544
                                                    ------------   ------------
NET (DECREASE) INCREASE IN CASH                          (49,508)       309,944
CASH AND CASH EQUIVALENTS AT
  BEGINNING OF PERIOD                                     97,487
                                                    ------------   ------------
CASH AT END OF PERIOD                               $     47,939   $    309,944
                                                    ============   ============


                 See accompanying notes to financial statements.


                                       5
<PAGE>

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

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  June 30, 2005

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, 2005 are not
            necessarily indicative of the results that may be expected for the
            year ending March 31, 2006. 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, 2005.

NOTE  B -   GOING CONCERN

            As indicated in the accompanying financial statements, the Company
            has incurred cumulative net operating losses of $3,017,072 since
            inception. 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, 2005, the principal stockholders
            continued to advance funds for working capital. The amount advanced
            during the quarter approximated $300,000.

NOTE  D -   RECEIVABLE FROM OFFICER

            At June 30, 2005, the Company had advanced $48,761 to the President
            which was repaid in July 2005.

NOTE  H -   TRANSACTIONS WITH DOMINION WINES PTY, LTD AND DOMINION ESTATES PTY,
            LTD

            On September 14, 2004, the Company entered into an agreement to
            acquire two Australian companies - Dominion Wines, Pty Ltd and
            Dominion Estates, Pty Ltd (hereafter referred to as "Dominion"). The
            terms of the agreement were as follows: (1) the issuance of
            20,000,000 shares of the Company's common stock, (2) retire the
            National Australian Bank loan in the amount of $2,508,962 (Aus
            $3,136,202) (3) arrange for an additional investment of $179,037
            (Aus $223,797) and (4) assume the Commonwealth Bank of Australia
            loan in the amount of $3,265,109 (Aus $4,081,387).


                                       6
<PAGE>

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                  June 30, 2005

NOTE  H -   TRANSACTIONS WITH DOMINION WINES PTY, LTD AND DOMINION ESTATES PTY,
            LTD (CONTINUED)

            Subsequent to December 31, 2004, the Company determined that such
            acquisition was not in its best interest and agreed with Dominion to
            unwind the transaction. During this period, Dominion borrowed
            approximately $3,000,000 from General Electric Credit Australia to
            replace the Commonwealth Bank of Australia loan and lent $344,381 to
            a subsidiary of the Company.

            The agreement to unwind the acquisition requires (1) the return of
            the 20,000,000 shares of Company common stock which is currently
            held in escrow, (2) the signing of a novation agreement to forgive
            the $344,381 note payable by the company's Subsidiary to Dominion,
            and (3) the issuance of a note to the Company's principal
            shareholder in the amount of $2,560,000 (Aus $3,200,000) for the
            retirement of the National Australian Bank loan.

            At the date of this report, the transaction has been agreed to by
            the shareholders and management of each company and is awaiting the
            securitization of property as collateral for the note agreement to
            the Company's principal shareholder. Management believes that the
            transaction will be successfully unwound and accordingly, the
            assets, liabilities and results of operations for the year ended
            March 31, 2005 of Dominion have not been included in these
            consolidated financial statements.

NOTE G-     EMPLOYMENT CONTRACTS

            The company has executed 5 year employment contracts with key
            employees with annual salary commitments ranging from $184,000 in
            the first year with annual escalation increasing salary commitments
            to $247,000 in year five. In addition, the controlling stockholders
            gave 19,960,000 shares from their holdings to one employee and
            1,500,000 shares to another. Accordingly, stock based compensation
            in the amount of $536,500 based upon a per share valuation of $0.025
            per shares, was recorded in the financial statements


                                        7
<PAGE>

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

In July 2005, our wines won a total of 6 medals in the International Wine &
Spirit Competition 2005. Of note, our Mount Rozier Shiraz 2003 and Rozier Bay
Chardonnay 2004 were each awarded a "Gold - Best In Class". Additionally, four
of our wines were awarded Bronze medals in the same competition.

RESULTS OF OPERATIONS

We are currently in the early stages of our first sales cycle and generated
$94,302 for the three months ended June 20, 2005 compared to $56,143 for the
three months ended June 30, 2004, respectively. Total costs and expenses for the
three months ended June 30, 2005 were $548,809 as compared to $1,281,508 for the
three months ended June 30, 2004. Our net loss for the three months ended June
30, 2005 as compared to the three months ended June 30, 2004, was $454,507 and
$1,225,365, respectively. The primary reason for the decrease in losses was a
result of the lack of $536,500 in stock based compensation for the reporting
period in 2005.

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

Our wine distribution began in earnest after the end of the reporting period and
we anticipate significant sales during the following quarters as a result of our
increased presence in the marketplace.

LIQUIDITY AND CAPITAL RESOURCES

For the three months ended June 30, 2005, net cash used to fund operating
activities totaled $(70,749) as compared to $60,658 for the corresponding three
months ended June 30, 2004. Net cash utilized by investing activities for the
three month period ended June 30, 2005 totaled $(11,250 compared to $0 for the
three months ended June 30, 2004.

The cash available at June 30, 2005 was $47,939 as compared to $309,944 for the
corresponding three months ended June 30, 2004.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The Company's discussion and analysis of its financial condition and results of
operations are based upon the 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.

<PAGE>

(c)   Not applicable

                                     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 31.1   Certification of President and Principal Financial Officer

Exhibit 32.1   Certification of President and Principal Financial Officer

<PAGE>

b. Reports on Form 8-K

On April 6, 2005, the Company filed an 8-K with the Securities and Exchange
Commission with respect to our placing a wholly-owned subsidiary, Dominion
Estates Pty Ltd into voluntary liquidation in Australia.

On June 10, 2005, the Company filed an amended 8-K with the Securities and
Exchange Commission updating the public as to the status of our discussions with
certain parties regarding the unwind of our acquisitions of Dominion Wines Ltd
and Dominion Estates Pty Ltd.

                                   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.

/s/ Adam Mauerberger
--------------------
Name: Adam Mauerberger
Title: President, Chief Financial Officer and Chairman of the Board
Date:  August 22, 2005