SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 1O-QSB/A


              [X]    Quarterly  Report  under  Section  13 or  15(d)  of the
                     Securities Exchange Act of 1934

                  For the quarterly period ended March 31, 2003

                                       OR

     [ ] Transition Report pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

         For the transition period from _____________ to ______________

                         Commission File Number: 0-30261


                          ROYAL HOLIDAY MOBILE ESTATES
             (Exact name of Registrant as Specified in its Charter)

             NEVADA                                    88-0409168
    (State or other jurisdiction                (IRS Identification Number)
        of incorporation)

                    14282 Point Reyes St., Fontana, CA 92336
                    (Address of principal executive offices)

                                 (909) 260-3169
                           (Issuer's telephone number)


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

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to filed by Section 13 or 15(d) or 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 [ ]

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common  stock as the  latest  practicable  date:  As of  September  18,  2003
-- 1,121,000 shares of Common Stock, $.001 par value per share.

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




<PAGE>



                          ROYAL HOLIDAY MOBILE ESTATES

                                      INDEX


Part I. Financial Information

        Item 1. Financial Statements (unaudited)

                Balance Sheet .........................................    3

                Statements of Operations ..............................    4

                Statement of Stockholders' Equity .....................    5

                Statements of Cash Flows ..............................    6

                Notes to Financial Statements .........................    7

        Item 2. Management's Discussion and Analysis
                of Financial Condition and Results of
                Operation...............................................  10

        Item 3. Controls and Procedures.................................  10

Part II.   Other Information

   Item 1.      Legal Proceedings   ....................................  11

   Item 2.      Changes in the Rights
                of the Company's Security Holders ......................  11

   Item 3.      Defaults by the Company on its Senior Securities .......  11

   Item 4.      Results of Votes of Security Holders ...................  11

   Item 5.      Other Information ......................................  11

   Item 6.      Exhibits and Reports on Form 8-K .......................  11

   Signatures .........................................................   12


                                       2

<PAGE>


PART I.   FINANCIAL INFORMATION

Item 1.   Financial Statements


                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                                  BALANCE SHEET


                                                            March 31,
                                                              2003
                                                         ------------
                                                          (unaudited)

                                     ASSETS

   TOTAL ASSETS                                          $        -
                                                         ============




                      LIABILITIES AND STOCKHOLDERS' EQUITY

      TOTAL LIABILITIES                                  $     7,450
                                                         ------------

   STOCKHOLDERS' EQUITY:
     Preferred stock, $0.001 par value;
          10,000,000 shares authorized;
          none issued and outstanding                             -
     Common stock, $0.001 par value;
       75,000,000 shares authorized;
       1,121,000 shares issued and
       outstanding                                             1,121
     Additional paid-in capital                               11,734
     Deficit accumulated during the
      development stage                                      (20,305)
                                                         ------------

      TOTAL STOCKHOLDERS' EQUITY                              (7,450)
                                                         ------------

      TOTAL LIABILITIES AND STOCKHOLDERS'
      ----------------------------------
        EQUITY                                           $         -
        ------                                           ============


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

                                       3

<PAGE>


                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

                                                              Period from
                                 For the Three Months       November 2, 1992
                                  Ended  March 31,           (inception) to
                                ----------------------          March 31,
                                    2003       2002               2003
                                ----------   ---------      ---------------

REVENUE                         $     -      $    -         $       -

GENERAL, SELLING
AND ADMINISTRATIVE EXPENSES           -          4,250           20,305
                                ----------   ---------      ---------------

LOSS BEFORE TAXES                     -         (4,250)         (20,305)
PROVISION FOR INCOME TAXES            -           -                  -
                                ----------   ---------      ---------------

NET LOSS                        $     -      $  (4,250)     $   (20,305)
                                ==========   ==========     ================

NET LOSS PER COMMON
SHARE - basic and diluted       $     -      $   (.004)     $     (.016)
                                ===========  ==========     ================


WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING -
basic and diluted               1,121,000    1,121,000        1,121,000
                                ==========   ==========      ===============







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





                                        4

<PAGE>
<TABLE>
<CAPTION>
                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY

                                                                          Deficit
                                                                        Accumulated
                                       Common Stock      Additional     During the        Total
                                   -------------------    Paid-In       Development    Stockholders'
                                    Shares     Amount     Capital          Stage          Equity
                                   -------     --------  ------------   -----------    ------------
  <S>                              <C>         <C>        <C>           <C>            <C>
  Balance, November 2, 1992              -     $     -    $       -     $      -       $         -

  Issuance of common stock
  for cash on November 2, 1992
  at $0.005 per share (Restated
  for 100:1 stock split)           1,121,000     1,121        4,484            -             5,605

  Net loss                               -           -            -       (5,605)           (5,605)
                                   ---------   --------   ---------     -----------    -----------
  Balance, December 31, 1992       1,121,000     1,121        4,484       (5,605)                -

  Net loss for the years ended
  December 31, 1993 through
  December 31, 1999                     -           -            -            -                 -
                                   ---------   --------   ---------     -----------    -----------
  Balance, December 31, 1999       1,121,000     1,121        4,484       (5,605)                -

  Net loss                               -           -            -       (3,000)           (3,000)
  Contribution by officer                -           -        3,000            -             3,000
                                   ---------   --------   ---------     -----------    -----------
  Balance, December 31, 2000       1,121,000     1,121        7,484       (8,605)                -

  Net loss                               -           -            -            -                 -
                                   ---------   --------   ---------     -----------    -----------
  Balance, December 31, 2001       1,121,000     1,121        7,484       (8,605)                -

  Net loss                               -           -            -      (11,700)          (11,700)
  Contribution by officer                -           -        4,250            -             4,250
                                   ---------   --------   ---------     -----------    -----------
  Balance, at December 31, 2002    1,121,000     1,121       11,734      (20,305)          ( 7,450)

  Net Loss                               -           -            -            -                 -
                                   ---------   --------   ---------     -----------    -----------
  Balance, March 31, 2003
    (Unaudited)                    1,121,000   $ 1,121    $  11,734     $(20,305)      $   (7,450)
                                   =========   ========   =========     ===========    ===========
</TABLE>

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

                                       5
<PAGE>

                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                                    For the
                                                                  Period from
                                    For Three Months Ended      November 2, 1992
                                        March 31, 2003           (inception) to
                                   ------------------------         March 31,
                                      2003          2002              2003
                                   ---------     ----------     ---------------

 CASH FLOWS FROM
 OPERATING ACTIVITIES:
  Net Loss                         $      -      $   (4,250)     $      (20,305)

    Increase(decrease)in liabilities-
     Accounts payable and
      accrued expenses                    -            -                  7,450
                                   ---------     ----------     ---------------

    Total adjustments                     -            -                  7,450
                                   ---------     ----------     ---------------

    Net cash used for operating
       activities                         -          (4,250)            (12,855)
                                  ----------     ----------     ---------------

 CASH FLOWS PROVIDED BY
 FINANCING ACTIVITIES:
   Issuance of Common Stock        $      -      $     -         $        5,605
   Contribution by officer             4,250           -                  7,250
                                  ----------     ----------     ---------------
   Net Cash from Financing
    Activities                     $      -      $    4,250      $       12,855
                                  ----------     ----------     ---------------
 NET CHANGE IN CASH
  AND CASH EQUIVALENTS                    -            -                  -
                                  ----------     ----------     ---------------
 CASH AND CASH EQUIVALENTS
  - beginning of period                   -            -                  -
                                  ----------     ----------     ---------------

 CASH AND CASH EQUIVALENTS
  - ending of period               $      -      $     -         $        -
                                   =========      =========      ==============
SUPPLEMENTAL CASH FLOW INFORMATION:
   Cash paid during the year -
   Interest paid                   $      -      $     -         $        -
                                   =========     ==========      ==============
   Income taxes paid               $      -      $     -         $        -
                                   =========     ==========      ==============

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

                                       6
<PAGE>

                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                             MARCH 31, 2003 (UNAUDITED)

   NOTE 1 -    DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

               Nature of Operations
               --------------------
               Royal  Holiday  Mobile  Estates  (the  "Company")  is currently a
               development  stage company  under the  provisions of Statement of
               Financial  Accounting  Standards  ("SFAS") No. 7. The Company was
               incorporated under the laws of the State of Nevada on November 2,
               1992.  It is  management's'  objective  to seek a merger  with an
               existing operating company.

               Going Concern
               -------------
               The accompanying  unaudited interim financial statements of Royal
               Holiday  Mobile  Estates   ("Company")   have  been  prepared  in
               accordance with accounting  principles  generally accepted in the
               United  States for interim  financial  information.  Accordingly,
               they do not include all of the  information and notes required by
               accounting principles generally accepted in the United States for
               complete  financial   statements.   The  accompanying   financial
               statements   reflect  all   adjustments   (consisting  of  normal
               recurring  accruals),  which are, in the  opinion of  management,
               considered  necessary for a fair  presentation of the results for
               the interim periods presented.  Operating results for the quarter
               ended  March  31,  2003  are not  necessarily  indicative  of the
               results that may be expected for the fiscal year ending  December
               31,  2003.   These  financial   statements   should  be  read  in
               conjunction with the audited financial statements included in the
               Company's  Annual  Report  on  Form  10-KSB  for the  year  ended
               December 31, 2002.

               The  accompanying  financial  statements  have been  prepared  in
               conformity with generally accepted accounting  principles,  which
               contemplate  continuation  of the  Company  as a  going  concern.
               However,  the Company has no established source of revenue.  This
               factor raises  substantial  doubt about the Company's  ability to
               continue as a going  concern.  Without  realization of additional
               capital,  it would be  unlikely  for the Company to continue as a
               going  concern.  The  financial  statements  do not  include  any
               adjustments  relating to the recoverability and classification of
               recorded  asset  amount,   or  amounts  and   classification   of
               liabilities  that might be necessary should the Company be unable
               to continue in existence.  It is  management's  objective to seek
               additional  capital  through a merger with an existing  operating
               company.

                                       7
<PAGE>

                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                           MARCH 31, 2003 (UNAUDITED)

  NOTE 1 -     DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES
               (Continued)

               Use of Estimates
               ----------------
               The  preparation  of  financial  statements  in  conformity  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  financial  statements  and the
               reported  amounts of revenue and  expenses  during the  reporting
               period. Actual results could differ from those estimates.

               Cash and Cash Equivalents
               -------------------------
               The Company  considers  all highly liquid  investments  purchased
               with  original  maturities  of  three  months  or less to be cash
               equivalents.

               Recent Accounting Pronouncements
               --------------------------------
               In  January  2003,  the  FASB  issued   Interpretation   No.  46,
               "Consolidation of Variable Interest Entities."  Interpretation 46
               changes the criteria by which one company includes another entity
               in  its  consolidated  financial  statements.   Previously,   the
               criteria  were  based  on  control   through   voting   interest.
               Interpretation  46  requires  a  variable  interest  entity to be
               consolidated  by a  company  if  that  company  is  subject  to a
               majority of the risk of loss from the variable  interest entity's
               activities  or  entitled  to receive a majority  of the  entity's
               residual returns or both. A company that  consolidates a variable
               interest entity is called the primary beneficiary of that entity.
               The   consolidation   requirements  of  Interpretation  46  apply
               immediately to variable  interest  entities created after January
               31, 2003. The consolidation  requirements apply to older entities
               in the first fiscal year or interim period  beginning  after June
               15, 2003.  Certain of the  disclosure  requirements  apply in all
               financial statements issued after January 31, 2003, regardless of
               when the variable  interest entity was  established.  The Company
               does not expect  the  adoption  to have a material  impact to the
               Company's financial position or results of operations.

                                       8
<PAGE>

                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                          MARCH 31, 2003 (UNAUDITED)

  NOTE 1 -     DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES
               (Continued)

               Recent Accounting Pronouncements, continued
               -------------------------------------------
               During  April  2003,  the FASB issued  SFAS 149 -  "Amendment  of
               Statement 133 on Derivative  Instruments and Hedging Activities",
               effective for contracts  entered into or modified  after June 30,
               2003,  except  as  stated  below  and for  hedging  relationships
               designated  after June 30, 2003.  In  addition,  except as stated
               below,  all  provisions  of  this  Statement  should  be  applied
               prospectively.  The  provisions of this  Statement that relate to
               Statement 133 Implementation  Issues that have been effective for
               fiscal  quarters  that  began  prior  to June  15,  2003,  should
               continue  to be  applied  in  accordance  with  their  respective
               effective  dates. In addition,  paragraphs 7(a) and 23(a),  which
               relate to forward purchases or sales of when-issued securities or
               other securities that do not yet exist, should be applied to both
               existing  contracts and new contracts entered into after June 30,
               2003.  The Company  does not  participate  in such  transactions,
               however,  is evaluating the effect of this new pronouncement,  if
               any, and will adopt FASB 149 within the prescribed time.

               During  May 2003,  the FASB  issued  SFAS 150 -  "Accounting  for
               Certain  Financial   Instruments  with  Characteristics  of  both
               Liabilities  and Equity",  effective  for  financial  instruments
               entered  into or modified  after May 31, 2003,  and  otherwise is
               effective at the beginning of the first interim period  beginning
               after June 15, 2003. This Statement establishes standards for how
               an issuer classifies and measures certain  financial  instruments
               with  characteristics of both liabilities and equity. It requires
               that an i ssuer classify a freestanding financial instrument that
               is  within  its  scope  as a  liability  (or  an  asset  in  some
               circumstances).   Many  of  those   instruments  were  previously
               classified as equity.  Some of the  provisions of this  Statement
               are consistent with the current definition of liabilities in FASB
               Concepts Statement No. 6, Elements of Financial  Statements.  The
               Company is evaluating  the effect of this new  pronouncement  and
               will adopt FASB 150 within the prescribed time.


NOTE 2 -       RELATED PARTY TRANSACTION

               NONE

                                       9

<PAGE>


Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATION

      The Company has not  commenced  business  activities  and has no assets or
operations.  The Company is dependent  upon its officers to meet any  de-minimis
costs which may occur.

     Alan Schram, an officer and director of the Company,  has agreed to provide
the  necessary  funds,  without  interest,  for the  Company to comply  with the
Securities Exchange Act of 1934, as amended,  provided that he is an officer and
director of the Company  when the  obligation  is  incurred.  All  advances  are
interest-free.

      In  addition,  since the  Company  has had no  operating  history  nor any
revenues or earnings from  operations,  with no significant  assets or financial
resources, the Company will in all likelihood sustain operating expenses without
corresponding   revenues,   at  least  until  the  consummation  of  a  business
combination. This may result in the Company incurring a net operating loss which
will  increase   continuously  until  the  Company  can  consummate  a  business
combination with a profitable business opportunity.  There is assurance that the
Company can identify such a business  opportunity and consummate such a business
combination.


Item 3.  Controls and Procedures

      Our  Chief  Executive  and  Acting  Financial   Officer  (the  "Certifying
Officer") is responsible for  establishing and maintaining  disclosure  controls
and procedures for the Company.

      The  Certifying   Officer  has  designed  such  disclosure   controls  and
procedures  to  ensure  that  material   information   is  made  known  to  him,
particularly during the period in which this report was prepared.

      The Certifying  Officer has evaluated the  effectiveness  of the Company's
disclosure controls and procedures within 90 days of the date of this report and
believes that the Company's  disclosure  controls and  procedures  are effective
based on the  required  evaluation.  There have been no  significant  changes in
internal controls or i n other factors that could significantly  affect internal
controls  subsequent to the date of their  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.



                                      10
<PAGE>


PART II.    Other Information


Item 1.     Legal Proceedings - None.


Item 2.     Changes in the Rights of the Company's Security Holders - None.


Item 3.     Defaults by the Company on its Senior Securities - None.


Item 4.     Results of Votes of Security Holders - None.


Item 5.     Other Information - None.


Item 6.     Exhibits and Reports on Form 8-K


     (a)   Exhibits

31.1     Certification of Chief Executive Officer pursuant to Section 302 of the
         Sarbanes-Oxley Act of 2002

31.2     Certification of Chief Financial Officer pursuant to Section 302 of the
         Sarbanes-Oxley Act of 2002

32.1     Certification of Chief Executive Officer pursuant to Section 906 of the
         Sarbanes-Oxley Act of 2002

32.2     Certification of Chief Financial Officer pursuant to Section 906 of the
         Sarbanes-Oxley Act of 2002


     (b)   Reports on Form 8-K

            None



                                       11

<PAGE>




                                   SIGNATURES



      Pursuant to the  requirement of the  Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.



                               ROYAL HOLIDAY MOBILE ESTATES
                               Registrant


Date: September 22, 2003         /s/ Hector A. Veron
                               -----------------------------
                                 Hector A. Veron
                                 Chief Executive Officer and
                                 Director

                                 /s/ R. B. Harris
                               -----------------------------

                                 R. B. Harris
                                 Director and Acting
                                 Financial Officer



                                       12