**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 September 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 as of September 30,                2007                                                                    | 3              |
|          Statements                  of Operations for                  the three months ended September 30, 2007  and the period from                  Inception through September                  30, 2007 | 4              |
|          Statement                of Cash                Flows for                the period from Inception through September 30, 2007                                                                             | 5              |
|                                       Notes to Condensed 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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**PART      I. FINANCIAL      INFORMATION**

**ITEM        1. FINANCIAL        STATEMENTS**

** **

**MEZEY        HOWARTH RACING STABLES,        INC.**

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

**CONDENSED        BALANCE SHEET**

**(Unaudited)        **

|          **Assets                  (Note                  4)**                                                                |    | **September                  30, 2007**                      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|--------------------------------------------------------------|
|  **Current                Assets:**                                                                                                                                   |    |                                                         |
|     Cash                or                cash equivalents                                                                                             |  $ | 505,977                                                      |
|           Investments                in limited liability entities (see                Note 2)                           |    | 19,925                                                       |
|         Total                Current Assets                                                                                   |    | 525,902                                                      |
|                                                                                                                                                                       |    |                                                         |
|  **Fixed                Assets:**                                                                                                                                     |    |                                                         |
|                          Livestock                                                                                            |         |  92,361                                                 |
|          Real                Estate                                                                                           |    | 1,585,000                                                    |
|         Total                Assets                                                                                                |  $ |  2,203,263                                              |
|                                                                                                                                                                       |    |                                                         |
|                                                                                                                                                                       |
|  **Liabilities                  and Stockholders'                  Equity**                                                                                           |    |                                                         |
|                                                                                                                                                                       |    |                                                         |
| **Current                Liabilities:**                                                                                                                                    |    |                                                         |
|            Accrued                  liabilities                                                                          |  $ | 53,820                                                       |
|      Note                payable                                                                                                                  |    |          76,000 |
|                           Note payable to related party                                                                  |    | 510,000                                                      |
|                                     Total Current Liabilities (Note 4) |    | 639,820                                                      |
|                                                                                                                                                                       |    |                                                         |
| **Long-Term                Liabilities**                                                                                                                              |    |                                                         |
|                                                                                                                                                                       |    |                                                         |
|                           Mortgages payable (Note 4)                                                                     |    | 1,374,850                                               |
|                                                                                                                                                                       |    |                                                         |
|                                     Total Liabilities                  |    | 2,014,670                                               |
|  Stockholder's                Equity (Note                3):                                                                                                         |    |                                                         |
|      Series A convertible                  preferred stock, $.001 par value; 2,525,855 shares authorized, issued                  and outstanding |    | 252,585                                                      |
|      Common stock, $.001                  par value; 60,000,000 authorized, 7,675,000 issued and                  outstanding                          |    | 7,675                                                        |
|     Additional                paid-in capital                                                                                                     |    | 68,255                                                       |
|     Accumulated                deficit                                                                                                                 |    | (139,922)                                                    |
|                                                                                                                                                                       |    |                                                         |
|              Total                Stockholders' Equity                                                    |    | 188,593                                                      |
|                                                                                                                                                                       |    |                                                         |
|              **Total                liabilities and stockholders' equity**                           |  $ | **2,203,263**                                                |

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**MEZEY            HOWARTH RACING STABLES **

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

**CONDENSED            STATEMENTS OF            OPERATIONS**

**(Unaudited)**

|                                                                                                   |   | **Three                      months ended September 30,                      2007** |         | **Inception through September                        30,                        2007** |    |
|-----------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|--------------|--------------------------------------------------------------------------------------------------|---------|
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |
| **Revenue:**                                                                                                          |   |                                                                                |         |                                                                                             |    |   |   |
|      Horse                    Sales                                                          |   | $                                                                                   | 25,000       |                                                                                             |  $ |  25,000 |   |
|                               Purse Winnings                        |   |                                                                                | 4,691        |                                                                                             |    |  4,691 |   |
|                               Other                                 |   |                                                                                |  750    |                                                                                             |    |  750 |   |
| **Total Revenue**                                                                                                     |   |                                                                                | 30,441  |                                                                                             |    |  30,441 |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |   |   |
| **Cost                    of Sales**                                                                             |   |                                                                                | 25,022       |                                                                                             |    | 25,022 |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |   |   |
| **Gross Profit**                                                                                                      |   |                                                                                | 5,419        |                                                                                             |    | 5,419 |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |  |   |
|  **Operating                    Expenses**                                                                       |   |                                                                                |         |                                                                                             |    |   |   |
|                                General and administrative |   |                                                                                | 103,611      |                                                                                             |    | 132,591 |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |   |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |  |   |
|  **Operating                    Loss**                                                                           |   |                                                                                | (98,192)     |                                                                                             |    | (127,172) |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |   |   |
| **Other Income                    (expense):**                                                                        |   |                                                                                |         |                                                                                             |    |   |   |
|                               Minority interest                     |   |                                                                                | (8,750)      |                                                                                             |    | (8,750) |   |
|      Interest                    expense                                                     |   |                                                                                | (4,000)      |                                                                                             |    | (4,000) |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |   |   |
| **Net                    loss**                                                                                  |   |  $                                                                             | (110,942)    |                                                                                             |  $ | (139,922) |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |   |   |
| Net loss per common                    share                                                                          |   |                                                                                |         |                                                                                             |    |   |   |
|     Basic                    and Diluted                                                          |   |  $                                                                             | ($0.02)      |                                                                                             |  $ | ($0.06) |   |
|                                                                                                                  |   |                                                                                |         |                                                                                             |    |   |   |
|  Weighted                    average number of common shares outstanding                                         |   |                                                                                |              |                                                                                             |    |  |   |
|      Basic                    and                    Diluted                                 |   |                                                                                | 5,612,088    |                                                                                             |    | 2,375,349 |   |

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**MEZEY        HOWARTH RACING STABLES, INC.**

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

**CONDENSED        STATEMENT OF CASH        FLOWS **

**(unaudited)**

|                                                                                                             |   |    | **Inception                    to September 30, 2007** |
|------------------------------------------------------------------------------------------------------------------|--------|---------|--------------------------------------------------------|
| Cash                    flows from operating activities:                                                         |   |    |                                                   |
| Net                    loss                                                                                      |   | $       |  (139,922)                                        |
| Adjustments                    to reconcile net loss to net cash used in operating                    activities |   |    |                                                   |
| Minority                    interest                                                                             |   |    | 8,750                                                  |
| Stock                    issued to employees for services                                                        |   |    | 50,000                                                 |
| Stock                    issued to consultants for services                                                      |   |    | 5,750                                                  |
| Depreciation                    expense                                                                          |   |    | 2,639                                                  |
| Accrued                    liabilities                                                                           |   |    | 53,820                                                 |
| Net                    cash used in operating activities                                                         |   |    | (18,963)                                               |
|                                                                                                             |   |    |                                                   |
| Cash                    flows from investing activities:                                                         |   |    |                                                   |
| Investments                    in limited liability entities                                                     |   |    | (19,925)                                               |
| Payments                    to minority interest                                                                 |   |    | (8,750)                                                |
| Net                    cash used in investing activities                                                         |   |    | (28,675)                                               |
|                                                                                                             |   |    |                                                   |
| Cash                    flows from financing activities:                                                         |   |    |                                                   |
| Proceeds                    from notes payable to related party                                                  |   |    | 510,000                                                |
| Repayment                    of note payable                                                                     |   |    | (16,000)                                               |
| Proceeds                    from issuance of Series A Preferred Stock                                            |   |    | 42,435                                                 |
| Proceeds                    from issuance of common stock                                                        |   |    | 17,180                                                 |
| Net                    cash provided by financing activities                                                     |   |    | 553,615                                                |
|                                                                                                             |   |    |                                                   |
| Net                    increase in cash for the period                                                           |   |    | 505,977                                                |
| Beginning                    cash at inception                                                                   |   |    | -                                                      |
| Cash                    at the end of the period                                                                 |   |  $ | 505,977                                                |
|                                                                                                             |   |    |                                                   |
| Supplemental                    disclosure of cash flow information:                                             |   |    |                                                   |
| Cash                    paid during the period for income taxes                                                  |   |    |  -                                                |
| Cash                    paid during the period for interest                                                      |   | $       | 4,000                                                  |
|                                                                                                             |   |    |                                                   |
| Supplemental                    disclosure of non-cash investing and financing activities                        |   |    |                                                   |
|      Fair                  value of property contributed by related parties             |   |  $ |  1,585,000                                        |
|      Fair                  value of mortgage contributed by related parties             |   |    | 1,374,850                                              |
| Issuance                    of note payable for acquisition of livestock                                         |   | $       | 95,000                                                 |
| Issuance                    of common stock for repayment of note payable                                        |   | $       | 3,000                                                  |

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**MEZEY          HOWARTH RACING STABLES, INC.**

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

**NOTES          TO CONDENSED CONSOLIDATED FINANCIAL          STATEMENTS**

**for          the period from Inception through September 30,          2007**

**(unaudited)**

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

**History**

**Interim          Financial Statements**

**Going            Concern and Plan of Operation **

**Revenue            Recognition**

**Investment              in Limited Liability              Entities**

**Income              Taxes**

**Per          Share Information**

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

**NOTE 2                - INVESTMENTS**

**NOTE 3              - STOCKHOLDERS' EQUITY **

**NOTE 4                - RELATED PARTY TRANSACTIONS **

**NOTE 5              - SUBSEQUENT              EVENTS **

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

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**Recent                Developments**

**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**

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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                                                                                                                                                                                                                                                                                                                                       |
|-----------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                           |
| November                                  7, 2007               | /s/                                  J. Wade Mezey                                                                                                                                                                                                                                                                                                                                                             |
|                                                            |                                      J. Wade Mezey                                      President and Chief Executive Officer                                       (Principal Executive Officer)                                                                                                                                                       |
|                                                            |                                                                                                                                                                                                                                                                                                                                                                                                           |
|  November                                    7, 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**