SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 1O-QSB


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

                  For the quarterly period ended March 31, 2002

                                       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)

             15303 VENTURA BLVD., SUITE 1510, SHERMAN OAKS, CA 91403
                    (Address of principal executive offices)

                                 (818) 380-8161
                           (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 March 31, 2002 - 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

Part II.   Other Information

   Item 1.      Legal Proceedings   ....................................  10

   Item 2.      Changes in the Rights
                of the Company's Security Holders ......................  10

   Item 3.      Defaults by the Company on its Senior Securities .......  10

   Item 4.      Results of Votes of Security Holders ...................  10

   Item 5.      Other Information ......................................  10

   Item 6.      Exhibits and Reports on Form 8-K .......................  10

   Signatures .........................................................   11

                                       2




<PAGE>

PART I.   FINANCIAL INFORMATION

Item 1.   Financial Statements


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


                                                            March 31,
                                                              2002
                                                         ------------
                                                          (unaudited)

                                     ASSETS

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




                      LIABILITIES AND STOCKHOLDERS' EQUITY

      TOTAL LIABILITIES                                  $        -
                                                         ------------

   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                                      (12,855)
                                                         ------------

      TOTAL STOCKHOLDERS' EQUITY                                   -
                                                         ------------

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


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

                                       3
<PAGE>


<TABLE>
<CAPTION>
                          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,
                                    2002       2001              2002
                                ----------   ---------     ---------------
<S>                             <C>          <C>           <C>
REVENUE                         $     -      $    -        $          -


GENERAL, SELLING
AND ADMINISTRATIVE EXPENSES         4,250         -                12,855

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

LOSS BEFORE TAXES                  (4,250)         -              (12,855)

PROVISION FOR INCOME TAXES            -           -                    -
                                ----------   ---------     ---------------

NET LOSS                        $  (4,250)    $    -        $     (12,855)
                                ==========   =========     ===============

NET LOSS PER COMMON
SHARE - basic and diluted       $  (0.004)   $    -         $       (0.01)
                                ==========   =========     ===============


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



    The accompanying notes are 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 from 1993 to 1997             -           -            -            -                 -
                                   ---------   --------   ---------     -----------    -----------
  Balance, December 31, 1997       1,121,000     1,121        4,484       (5,605)                -

  Net loss                               -           -            -            -                 -
                                   ---------   --------   ---------     -----------    -----------
  Balance, December 31, 1998       1,121,000     1,121        4,484       (5,605)                -

  Net loss                               -           -            -            -                 -
                                   ---------   --------   ---------     -----------    -----------
  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 (Unaudited)                   -           -            -       (4,250)           (4,250)
  Contribution by officer                -           -        4,250            -             4,250
                                   ---------   --------   ---------     -----------    -----------
  Balance, March 31, 2002
    (Unaudited)                    1,121,000     1,121       11,734      (12,855)                -
                                   =========   ========   =========     ===========    ===========
</TABLE>



     The accompanying notes are 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,              (inception) to
                                   ------------------------         March 31,
                                      2002          2001              2002
                                   ---------     ----------     ---------------

   CASH FLOWS FROM
   OPERATING ACTIVITIES:
    Net Loss                       $  (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 are an integral part of the financial statements.

                                       6

<PAGE>

                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                           MARCH 31, 2002 (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.

               Basis of Presentation
               ---------------------
               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,  2002  are not  necessarily  indicative  of the
               results that may be expected for the fiscal year ending  December
               31,  2002.   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, 2001.

               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, 2002 (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  July  2001,   the  FASB   issued   SFAS  No.  141   "Business
               Combinations."  SFAS No.  141  supersedes  Accounting  Principles
               Board ("APB") No. 16 and requires that any business  combinations
               initiated  after June 30,  2001 be  accounted  for as a purchase;
               therefore,  eliminating the pooling-of-interest method defined in
               APB 16. The statement was effective for any business  combination
               initiated  after June 30,  2001 and shall  apply to all  business
               combinations  accounted for by the purchase  method for which the
               date of  acquisition  is July 1, 2001 or later.  The adoption did
               not have a material impact on the Company's financial position or
               results of operations  since the Company has not  participated in
               such activities covered under this pronouncement.

               In July 2001,  the FASB issued SFAS No. 142,  "Goodwill and Other
               Intangibles."  SFAS No. 142  addresses  the initial  recognition,
               measurement  and  amortization  of  intangible   assets  acquired
               individually  or with a group of  other  assets  (but  not  those
               acquired   in  a  business   combination)   and   addresses   the
               amortization  provisions  for excess  cost over fair value of net
               assets   acquired   or   intangibles   acquired   in  a  business
               combination.   The   statement  is  effective  for  fiscal  years
               beginning  after December 15, 2001, and is effective July 1, 2001
               for any intangibles acquired in a business combination  initiated
               after  June  30,   2001.   The  Company  has   implemented   this
               pronouncement and has concluded that the adoption has no material
               impact to the financial statements.

                                       8

<PAGE>

                          ROYAL HOLIDAY MOBILE ESTATES
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                           MARCH 31, 2002 (UNAUDITED)

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

               Recent Accounting Pronouncements, continued
               -------------------------------------------
               In  October  2001,  the  FASB  recently   issued  SFAS  No.  143,
               "Accounting  for Asset  Retirement  Obligations,"  which requires
               companies  to  record  the fair  value of a  liability  for asset
               retirement  obligations in the period in which they are incurred.
               The statement applies to a company's legal obligations associated
               with the retirement of a tangible  long-lived  asset that results
               from the  acquisition,  construction,  and development or through
               the normal operation of a long-lived  asset.  When a liability is
               initially  recorded,  the  company  would  capitalize  the  cost,
               thereby  increasing the carrying amount of the related asset. The
               capitalized asset retirement cost is depreciated over the life of
               the  respective  asset  while the  liability  is  accreted to its
               present value.  Upon settlement of the liability,  the obligation
               is settled at its recorded amount or the company incurs a gain or
               loss. The statement is effective for fiscal years beginning after
               June 30, 2002. The Company does not expect the adoption to have a
               material impact to the Company's financial position or results of
               operations.

               In October 2001,  the FASB issued SFAS No. 144,  "Accounting  for
               the Impairment or Disposal of Long-Lived  Assets".  Statement 144
               addresses the  accounting  and  reporting  for the  impairment or
               disposal of long-lived  assets.  The statement  provides a single
               accounting  model for  long-lived  assets to be disposed  of. New
               criteria   must  be  met  to  classify  the  asset  as  an  asset
               held-for-sale.  This  statement  also  focuses on  reporting  the
               effects of a disposal of a segment of a business.  This statement
               is effective for fiscal years  beginning after December 15, 2001.
               The Company has implemented this  pronouncement and has concluded
               that  the  adoption  has no  material  impact  to  the  financial
               statements.

NOTE 2 -       RELATED PARTY TRANSACTION

               The Company  incurred legal and accounting  fees of $4,250 in the
               quarter ended March 31, 2002 which were paid by an officer of the
               Company.  The officer does not expect this amount to be paid back
               by  the  Company  and  therefore  the  amount  is  considered  as
               additional paid-in capital.

                                       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.


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

            None

     (b)   Reports on Form 8-K

            None



                                      10

<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: May 14, 2002               /s/ Alan Schram
                               -----------------------------
                                 Alan Schram
                                 President





                                       11