**UNITED      STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**WASHINGTON,        D.C. 20549**

**FORM        10-QSB**

|  **(X) QUARTERLY                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE****SECURITIES                  EXCHANGE ACT OF 1934**        |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                   |
|  **For                  the quarterly period ended June 30, 2007**                                                                                |
|                                                                                                                                                   |
| **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 0-52529                                                                                                        |

**MEZEY        HOWARTH RACING STABLES, INC.**

| Nevada                                                                          | 7948                                                                                             | 20-8623320                                         |
|---------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|----------------------------------------------------|
| (State                  or other jurisdiction of incorporation or organization) | (Primary                  Standard Industrial Classification                  Code Number)  | (IRS                  Employer Identification No.) |

|  405A                    Arenoso, San Clemente, CA 92672                                   |
|-------------------------------------------------------------------------------------------------|
|  (Address                    of principal executive offices) (zip                    code) |

| (949)                  429-4001                                                                    |
|----------------------------------------------------------------------------------------------------|
|  (Registrant’s                  telephone number, including area                  code) |

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**MEZEY        HOWARTH RACING STABLES, INC**

**INDEX TO QUARTERLY REPORT ON FORM        10-QSB**

| **Part I                  - Financial                  Information**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  **Page** |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|
| Item 1.                Financial                Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
|      Financial                Statements (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |           |
|          Balance                Sheet, June 30,                2007                                                                                                                                                                                                              3 |
|          Statement                of Operations for                the three months ended June 30, 2006  and the period from                Inception through June 30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  4        |
|          Statement                of Cash                Flows for                the period from Inception through ended June 30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  5        |
|                                       Notes to Condensed and Consolidated                  Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  6        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                  2. Management’s Discussion and Analysis of Financial                  Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  7        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                3. Quantitative and Qualitative Disclosures About                Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  8        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                4.  Controls and                Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  8        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| **Part                  II. Other                  Information**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  9        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                1.    Legal Proceedings                (Not Applicable)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  9        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                1A. Risk Factors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  9        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                2.     Unregistered Sales of                Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  11  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                  3.     Defaults                  Upon Senior Securities (Not Applicable)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  11  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                4.     Submission                of Matters to a Vote of Security Holders (Not                Applicable)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  11  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                5.     Other                Information (Not Applicable)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  11  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Item                6.     Exhibits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  11  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Signatures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 12             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |           |
| Exhibit                List                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 13             |

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Back to Index

**PART      I. FINANCIAL      INFORMATION**

**ITEM        1. FINANCIAL        STATEMENTS**

** **

**MEZEY        HOWARTH RACING STABLES,        INC.**

**(Formally        MH 1, Inc.)**

**CONDENSED        BALANCE SHEETS**

**(Unaudited)        **

|          **Assets**                                                                                                           |    | **June                  30, 2007** |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|------------------------------------|
|  Current                assets                                                                                                                                        |    |                               |
|     Cash                or                cash equivalents                                                                                             |  $ | 875                                |
|           Investments                in limited liability entities (see Note 2)                                          |    | 14,325                             |
|                                                                                                                                                                       |    |                               |
|         Total                Assets                                                                                                |  $ |  15,200                       |
|                                                                                                                                                                       |    |                               |
|                                                                                                                                                                       |
|  **Liabilities                  and Stockholders'                  Deficit**                                                                                          |    |                               |
|                                                                                                                                                                       |    |                               |
|  Current                liabilities :                                                                                                                                 |    |                               |
|            Accrued                  liability                                                                            |  $ | 2,000                              |
|      Accrued                salaries                                                                                                              |    |  25,000                       |
|                                                                                                                                                                       |    |                               |
|                     Total                current liabilities           |    | 27,000                             |
|                                                                                                                                                                       |    |                               |
|  Stockholder's                deficit (Note 3):                                                                                                                       |    |                               |
|                                                                                                                                                                       |    |                               |
|      Series A convertible                  preferred stock, $.001 par value; 2,150,000 shares authorized, issued                  and outstanding |    | 2,150                              |
|      Common stock, $.001                  par value; 60,000,000 authorized, 150,000 issued and outstanding                                             |    | 150                                |
|     Additional                paid-in capital                                                                                                     |    | 214,880                            |
|      Stock                subscription receivable                                                                                                      |    | (200,000)                          |
|     Accumulated                deficit                                                                                                                 |    | (28,980)                           |
|                                                                                                                                                                       |    |                               |
|              Total                stockholders' deficit                                                   |    | (11,800)                           |
|                                                                                                                                                                       |    |                               |
|              **Total                liabilities and stockholder's deficit**                          |  $ | **15,200**                         |

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**MEZEY            HOWARTH RACING STABLES **

**CONDENSED            STATEMENT OF            OPERATIONS**

**for            the three months period ended June 30, 2007  and for the period from            Inception through June 30, 2007**

**(Unaudited)**

|                                                                     |    | **Three                      months ended June 30,                      2007** |      | **Inception through                        June 30,                        2007** |   |
|-----------------------------------------------------------------------------------------|---------|--------------------------------------------------------------------------------|-----------|----------------------------------------------------------------------------------------|--------|
|                                                                                    |    |                                                                           |      |                                                                                   |   |
|  Revenue                                                                           |  $ |                                                                           | 0         |  $                                                                                |   | 0 |   |
|                                                                                    |    |                                                                           |      |                                                                                   |   |  |   |
|  Expenses                                                                          |    |                                                                           | 27,000    |                                                                                   |   | 28,980 |   |
|                                                                                    |    |                                                                           |      |                                                                                   |   |  |   |
|  Net                    Loss                                                       |  $ |                                                                           | (27,000)  | $                                                                                      |   | (28,980) |   |
|                                                                                    |    |                                                                           |      |                                                                                   |   |   |   |
| Basic                    and Diluted Net Loss Available to Common Shareholders          | $       |                                                                           | (.18)     |                                                                                   |   | (.19) |   |
|                                                                                    |    |                                                                           |      |                                                                                   |   |   |   |
|  Weighted                    Average Outstanding Common Shares:                    |    |                                                                           |           |                                                                                   |   |  |   |
|      Basic                                                     |    |                                                                           | 150,000   |                                                                                   |   | 150,000 |   |
|                               Diluted |    |                                                                           | 3,016,667 |                                                                                   |   | 2,300,000 |   |

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**MEZEY        HOWARTH RACING STABLES, INC.**

**CONDENSED        STATEMENT OF CASH        FLOWS **

**(unaudited)**

**for        the three months ended June 30, 207 and for the period from Inception        through June 30, 2007**

|                                                                                                                                                                                  |    |  **Inception                  to****June                  30, 2007** |     |                               **Inception                  to****                            June                  30, 2007** |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Cash                  flows from operating activities:                                                                                                                                |    |                                                                      |     |                                                                                                                                                                                                                                        |   |   |   |
|                      Net loss                                                                                                                                          |  $ |  (27,000)                                                            |  $  |  $(28,980)                                                                                                                                                                                                                             |   |   |   |
|                                                                                                                                                                                  |    |                                                                      |     |                                                                                                                                                                                                                                        |   |   |   |   |   |
|                      Adjustments to reconcile net loss to net cash provided                                                                                            |    |                                                                      |     |                                                                                                                                                                                                                                        |   |   |   |
|        by                  operating activities:                                                                                                   |    |                                                                      |     |                                                                                                                                                                                                                                        |   |   |   |
|                             Accrued payroll                                                                                         |    |                                                                      | 25,000   |                                                                                                                                                                                                                                        |   | 25,000 |   |
|                                   Accrued liability                                                   |    |                                                                      | 2,000    |                                                                                                                                                                                                                                        |   | 2,000 |   |
|                                        Net cash used in operating activities |    |                                                                      | -        |                                                                                                                                                                                                                                        |   | (1,980 | ) |
|                                                                                                                                                                                  |    |                                                                      |     |                                                                                                                                                                                                                                        |   |   |   |
| Cash                  flows from investing activities:                                                                                                                                |    |                                                                      |     |                                                                                                                                                                                                                                        |   |   |   |
|                       Investments in other entities                                                                                                               |    |                                                                      | (14,325  | )                                                                                                                                                                                                                                           |   | (14,325 | ) |
|                                    Net cash used in investing activities                         |    |                                                                      | (14,325  | )                                                                                                                                                                                                                                           |   | (14,325 | ) |
|                                                                                                                                                                                  |    |                                                                      |          |                                                                                                                                                                                                                                        |   |   |   |
| Cash                  flows from financing activities:                                                                                                                                |    |                                                                      |     |                                                                                                                                                                                                                                        |   |   |   |
|                       Proceeds from issuance of common stock                                                                                                      |    |                                                                      | -        |                                                                                                                                                                                                                                        |   | 2,180 |   |
|                       Proceeds from issuance of Series A Convertible Preferred                  Stock                                                             |    |                                                                      | 2,150    |                                                                                                                                                                                                                                        |   | 2,150 |   |
|                       Additional paid-in capital                                                                                                                  |    |                                                                      | 212,850  |                                                                                                                                                                                                                                        |   | 212,850 |   |
|                       Stock subscription receivable from stockholders                                                                                             |    |                                                                      | (200,000 | )                                                                                                                                                                                                                                           |   | (200,000 | ) |
|                                      Net cash provided by financing activities         |    |                                                                      | 15,000   |                                                                                                                                                                                                                                        |   | 17,180 |   |
|                                                                                                                                                                                  |    |                                                                      |     |                                                                                                                                                                                                                                        |   |   |   |
| Net                  increase in cash for the period                                                                                                                                  |    |                                                                      | 675      |                                                                                                                                                                                                                                        |   | 875 |   |
| Beginning                  cash at inception                                                                                                                                          |    |                                                                      | 200      |                                                                                                                                                                                                                                        |   | - |   |
| Cash                  at the end of the period                                                                                                                                        |  $ |                                                                      | 875      |                                                                                                                                                                                                                                        | $      | 875 |   |

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**NOTES          TO CONDENSED CONSOLIDATED FINANCIAL          STATEMENTS**

**NOTE          1 - SUMMARY OF SIGNIFICANT ACCOUNTING          POLICIES**

**History**

**Interim          Financial Statements**

**Going            Concern and Plan of Operation **

**Investment              in Limited Liability              Entities.**

**Income              Taxes**

**Per          Share Information**

----

**Use            of Estimates in the Preparation of Financial            Statements**

**NOTE 3                - INVESTMENTS**

**NOTE 3              - STOCKHOLDERS' EQUITY **

**NOTE 4                - RELATED PARTY TRANSACTIONS **

**ITEM            2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL            CONDITION AND RESULTS OF OPERATIONS **

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**Recent                Developments**

**Liquidity              and Capital Resources**

**Results                of Operations**

**ITEM                    3. **
**QUANTITATIVE                    AND QUALITATIVE DISCLOSURES                    ABOUT MARKET RISK**

**ITEM                    4.  **
**CONTROLS                    AND                    PROCEDURES**

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**PART                  II. OTHER                  INFORMATION**

**ITEM                    1. **
**LEGAL                    PROCEEDINGS**

**ITEM                      1A. RISK FACTORS**

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**  **

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**ITEM                    2.  **
**UNREGISTERED                    SALES OF EQUITY                    SECURITIES AND USE OF PROCEEDS**

**ITEM                    3****. ****DEFAULTS                    UPON SENIOR SECURITIES**

**ITEM                  4.**** ****SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY                  HOLDERS**

**ITEM                  5.**
** OTHER                  INFORMATION**

**ITEM                    6.**** ****EXHIBITS**

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**                                  **

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**  **

**                           SIGNATURES** 

|                                                         |  MEZEY                                  HOWARTH RACING STABLES                                                                                                                                                                                                                                                                                                                                       |
|--------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                           |
| June                                  30, 2007               | /s/                                  J. Wade Mezey                                                                                                                                                                                                                                                                                                                                                             |
|                                                         |                                      J. Wade Mezey                                      President and Chief Executive Officer                                       (Principal Executive Officer)                                                                                                                                                       |
|                                                         |                                                                                                                                                                                                                                                                                                                                                                                                           |
|  June                                    30, 2007  |  /s/                                  Paul Howarth                                                                                                                                                                                                                                                                                                                                                   |
|                                                         |                                        Paul Howarth                                       Executive Vice President and                                        Chief Financial Officer                                        (Principal Financial and Accounting                                  Officer) |

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Back            to            Index**  **

**EXHIBIT            LIST**