UNITED STATES
         SECURITIES AND EXCHANGE COMMISSION
               Washington, D.C. 20549

                    FORM 10-KSB
[X]  Annual Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

       FOR THE YEAR ENDED DECEMBER 31, 2002

        Commission File Number 000-32885

             SYNREAL SERVICES CORP.
  ---------------------------------------------
(Exact name of registrant as specified in its charter)

        Nevada                        88-0471263
-------------------------------       -----------
(State or other jurisdiction of    (I.R.S. Employer
 incorporation or organization)   Identification No.)

      600-890 W. Pender St.
     Vancouver, B.C., Canada                 V6C 1J9
---------------------------------------     -----------
(Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code:
(604) 899-0987

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $.001 per share

Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months,
and (2) has been subject to such filing requirements for the
past 90 days.  YES: [X] NO: [ ]

Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of registrant's
knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [X]

The number of shares outstanding of Registrant's common stock as
of December 31, 2002 was 2,200,000.

Registrant had no revenues for the year ended December 31, 2002.

Registrant's common stock is listed on the OTCBB under the symbol
SYSC, however, as of the date of the filing of this Annual Report,
trading has not yet commenced.

                               1
<PAGE>
               Forward-Looking Statements
               --------------------------
In addition to historical information, this Annual Report contains
forward-looking statements. These forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those reflected in these forward-
looking statements. Factors that might cause such a difference
include, but are not limited to, those discussed in the section
entitled Management's Discussion and Analysis of Financial
Position and Results of Operations.  Readers are cautioned not to
place undue reliance on these forward-looking statements, which
reflect management's opinions only as of the date hereof. Registrant
undertakes no obligation to revise or publicly release the results
of any revision to these forward-looking statements. Readers should
carefully review the risk factors described in other documents the
Registrant files from time to time with the Securities and Exchange
Commission, including the Quarterly Reports on Form 10-Q to be
filed by the Registrant in the year 2003, under SEC File No. 0-32885.

                               PART I

ITEM 1.  DESCRIPTION OF BUSINESS

Synreal Services Corp. was incorporated in the State of Nevada on
August 28, 2000 to engage in the business of providing due
diligence and administrative services for real estate
syndications; however, Registrant is still in the development stage
and has not yet fully commenced business operations.

Overview of Business Plans
--------------------------
Registrant intends to develop conservative real estate syndicates
in the Provinces of British Columbia and Alberta, Canada, that
will capitalize on the private investors' desire to diversify
their investment holdings from the traditional offering of
stocks, bonds and government debt instruments.  The syndicates
will provide investors with an opportunity to participate in
the ownership of various types of real estate holdings,
including multi-family rental, office and industrial properties.
The typical holding period established for the syndicates (i.e.
the date of acquisition to the date of sale of the real estate
held by the limited partnership and the distribution of net proceeds),
will be from five to seven years.  Upon the distribution of net
proceeds to the limited partners, no new business will be undertaken
by the limited partnership and it will be wound up.  Synreal Services
is not and does not intend to become a reporting issuer under
the securities legislation of British Columbia and Alberta,
Canada, and, accordingly, investors will be required to hold
limited partnership units until the wind-up of the limited
partnership or the sale thereof to other limited partners,
which will be a provision in the limited partnership agreements.

                               2
<PAGE>

The limited partnership agreements will stipulate that no limited
partner shall sell, assign, pledge, charge or otherwise dispose of,
encumber, or in any manner transfer any of their limited partnership
interest, whether voluntarily or by operation of law, or by gift or
otherwise, unless the transferee shall first have obtained the
written consent of the general partner (which consent may be
arbitrarily withheld) and then shall have entered into an
agreement with the general partner and all of the other limited
partners: (a) agreeing to be bound by the terms of the limited
partnership agreement; (b) agreeing to be bound by any other
agreement the transferring limited partner has entered into
pursuant to the terms of the limited partnership agreement;
(c) consenting to any resolutions of the limited partners under
the limited partnership agreement; and (d) assuming all of the
obligations of the transferring limited partner under the limited
partnership agreement and agreeing to be bound by the terms of the
limited partnership agreement in the same manner as the
transferring limited partner.

Registrant's business operations will be subject to all the laws,
rules and regulations of the British Columbia and Alberta
Securities Acts relating to the formation and management of the
syndicates.

The syndicates, which will take the form of limited partnerships,
will be one hundred percent owned and ultimately controlled by the
limited partners. Registrant will serve as the general partner to
implement the terms of the limited partnership agreements and
facilitate the acquisition and operation of the target asset.

Synreal Services will be paid a fee upon the acquisition of a
target asset for sourcing the asset, conducting the purchase due
diligence, arranging financing and securing the investors. Purchase
due diligence will include conducting detailed physical inspection
of the property and neighborhood; reviewing the property's
operating statements; reviewing leases and rental agreements on
the property; engaging professional engineering firms to conduct
pre-purchase structural, electrical, mechanical and building
envelop inspections; reviewing engineering reports; reviewing
market reports provided by the Canadian Mortgage and Housing

                           3
<PAGE>

Corporation and local real estate boards to confirm reasonableness
of rental rates; reviewing title for both financial and non-
financial encumbrances; confirming with municipal authorities
zoning compliance and historical designations; searching municipal
records for outstanding fire, health or other work orders;
confirming with Canadian provincial authorities compliance with
boiler and, if elevators on site, elevating device regulations; and
engaging appraisers to confirm property valuation.

Real estate "syndications" will be created for each real estate
acquisition by the establishment of limited partnerships which
will hold 100% of the beneficial interest in the acquired real
estate; limited partnership units will be issued to each limited
partner of the respective limited partnerships in proportion to
the amount of his or her subscription to the total amount of the
limited partnership capital subscription. Each syndicate will
typically hold only one apartment property (unless a portfolio
is acquired from one vendor) that ranges in value from $1.5 to
$3.0 million (or, based on a 30-unit building, $50,000 to $100,000
per unit) depending on condition, age, rents, location, etc. of
the property. The limited partnerships will not be structured to
facilitate the acquisition of further properties once a target
property has been acquired.

Acquisitions will be limited to apartment buildings of 30 or more
units located in regional districts or municipalities situated in
the Provinces of British Columbia and/or Alberta, Canada, with
populations of a least 50,000.  With a targeted minimum yield
requirement of 8%, we intend to acquire 30 - 50 year old properties
typically of 3 to 4 story wood-frame construction. Many factors will
be considered in the targeting and evaluation of properties for
proposed acquisition by limited partnerships including: identifying
opportunities to invest in undervalued real estate assets that can
be acquired for significantly less than their replacement cost;
identifying real estate in emerging growth markets due to such
factors as favorable local and/or provincial tax policy and the
recovery of resource-based industries (the primary resource
extraction and processing communities in British Columbia and
Alberta, Canada are starting to recover due to a streamlining of
cost intensive government regulations, as well as commodity price
stabilization after being hit hard by the declines in lumber and
pulp prices in the past two years); sourcing 'diamonds-in-the-rough"
- poorly managed real estate with income upside or expense reduction
potential; and taking advantage of favorable lending environments
(such as community credit unions in smaller centers).

Limited Partners will be required to contribute at least $50,000
to each limited partnership, although, in certain cases the
minimum required may be higher pursuant to statutory exemption
requirements under the B.C. and Alberta securities legislation.
Limited partners will not be required to contribute capital to
the limited partnerships over and above their initial subscription.
In the event Registrant determines that the limited partnership
requires further capital and Registrant is unable to borrow funds
on behalf of the limited partnership, and the limited partners do
not wish to contribute the needed funds, the limited partnership
will be required to sell its assets, thereby liquidating the
limited partnership, and to distribute the net proceeds to the
limited partners.

                          4
<PAGE>

Registrant will be paid an annual asset management fee for the
administration of the limited partnership, overseeing the third
party property manager engaged to manage the asset on a day-to-
day basis, reporting to the limited partners on a regular basis
and issuing distributions pursuant to the limited partnership
agreement.

Administrative services will include all those activities
normally undertaken by a prudent owner of apartment properties
such as engaging and supervising the services of a property
manager; reviewing monthly management reports; reviewing and
setting rental rates; acquiring property damage and liability
insurance; ensuring compliance with mortgage covenants (i.e.
provision of operating statements and evidence of insurance
coverage); as well as general administrative duties provided
by Registrant, which will include reporting to and making
distributions to the limited partners.

Registrant may be removed as the general partner by simple
majority vote of the limited partners at any time after
acquisition of the target asset.

Registrant believes a significant opportunity is available to
facilitate non-institutional group investment, as investing in
real estate is typically beyond the expertise and resources of
the lone average investor. Management further believes that its
services will appeal to investors seeking a means to invest in
quality real estate and looking to take advantage of
Registrant's ability to research, source, analyze and acquire
attractive properties and offer to investors the opportunity
to participate with other like-minded investors at a
comfortable investment level.

Registrant has not yet fully commenced its proposed business
operations and, as a result, does not currently have any
existing investors, syndicates or limited partnerships.

Management of Registrant has considerable expertise in the
acquisition and management of multi-family rental, and small
office and retail properties. Through existing business
contacts, Management is attempting to locate opportunities
for prospective limited partners to invest in undervalued
real estate assets and will use their management and
construction expertise to enhance the value of the limited
partnership's real estate holdings with their experienced
management and marketing skills when a target asset is acquired.

                         5
<PAGE>

Sources of Revenue
------------------
Synreal Services is a strictly fee-for-service operation.
Registrant will not invest in the acquisitions, nor will it
obtain an interest in any property for arranging the
acquisition for the limited partnership. The principal source
of revenues will arise from the various fees Registrant will
charge each limited partnership at the time of acquisition of
the target asset and for the ongoing oversight and management
activities of the limited partnership.

These fees will include:

-       Investment Arrangement Fee for sourcing the investment,
conducting pre-purchase due diligence, structuring and
documenting the limited partnership, and arranging for limited
partners/investors; such fee are estimated to be between 6% - 8%
of the target asset's acquisition price;

-       Financial Arrangement Fee for arranging mortgage financing
for the limited partnership; such fee to be between 1% and 2% of
the mortgage amount;

-       Asset Management Fee for administering limited partnership
agreement, overseeing third party property managers, regular
reporting to limited partners, engaging various professionals
(i.e. accountants, lawyers) on behalf of limited partnership,
making distributions pursuant to limited partnership agreement
(such administration will commence on acquisition and continue
until such time that Synreal Services Corp. is removed by the
limited partners of an investment by simple majority vote); such
fee to be between 1.5% and 3% of the limited partnership's annual
gross income; and

-       Property Management Fee for local real estate assets, as
Registrant may act as the day-to-day property manager; such fee
to be no more than the industry standard rate (typically 3% to 5%
of gross revenues for multi-family properties and 4% to 6% of
gross revenues for commercial properties).

After the establishment of its core business, Registrant may offer
other complementary fee-generating services, which may include
real estate brokerage, mortgage brokerage and third-party
property management.

For a more detailed overview of Registrant's business plans,
please see the Form 10SB12G/A Registration Statement, filed with
the U.S. Securities and Exchange Commission on November 23, 2001,
under SEC File No. 0-32885, which is incorporated herein by
this reference.

                            6
<PAGE>

Competition
-----------
In  British Columbia and Alberta, Canada, there are presently
very few reputable consultants offering opportunities for
sophisticated syndicated real estate investment.

The foremost would be Anthem Properties, which commenced
operations in 1991 and has arranged acquisitions on behalf of
its clients with a cost base in excess of $400 million. Their
current management portfolio of over 30 properties has an
estimated value exceeding $350 million.  It has been reported
that Anthem has over 3,000 individual clients, representing
over $100 million in equity.

Conflict of Interest
--------------------
Brian Chelin, an officer and director, presently holds, and
may continue to hold, and may attain new positions in other
limited partnerships and entities, some of which may have the
same or similar investment objective as the partnerships to be
established by Registrant. Mr. Chelin also presently manages,
and expects to continue to manage, one multi-family and one
office real estate limited partnership (both established
before the inception of Synreal Services) as a principal of
the general partner.  Neither he, nor any other director or
officer of Synreal Services, will participate in, with, or
as a promoter or general partner of any non-Synreal Services
limited partnership offering where the underlying real estate
of such offering could fall within the Investment Policies of
Synreal Services. Mr. Chelin is also a director and officer of
Lanyard Financial Corporation, an originator and promoter of
syndicated mortgage investment products.  The mortgage product
offerings of Lanyard Financial Corporation may compete with
the real estate offerings of Synreal Services.

Lanyard Financial Corporation arranges and packages non-
conventional mortgages (i.e. loans exceeding 75% of asset value
and/or impaired Borrower creditworthiness).  Synreal Services
will be obtaining conventional low loan to value mortgages
directly from banks, credit unions, life insurance companies
and pension funds, and any fees earned in arranging financing
for its limited partnership offerings will be only for the
account of Synreal Services.  Registrant will not, under any
circumstance, engage the services of Lanyard Financial
Corporation.

                             7
<PAGE>

Registrant has not yet formulated a policy for the resolution of
any conflicts with its officers and directors.

Employees
---------
At the present time, Registrant has no employees other than its
officers and directors who devote their time either as needed or
on a full-time basis to the business.  Registrant intends to add
staff as and when needed, as it expands business operations.


ITEM 2.  DESCRIPTION OF PROPERTY

Registrant does not own any property. It is currently using the
business offices of its President, Brian Chelin, at Suite 600-890
West Pender Street, Vancouver, BC, Canada V6C 1J9, on a rent-free
basis.  The business premises consist of a single office and
secretarial support.  At such time as these premises are no longer
sufficient for business operations, Registrant will lease larger
office space in downtown Vancouver at competitive market rates.


ITEM 3.  LEGAL PROCEEDINGS

Registrant is not a party to any legal proceedings and is unaware
of any pending or threatened legal proceedings.


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

There were no matters submitted to a vote of security holders
during the fourth quarter of the fiscal year ended December 31,
2002.

                             PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Registrant's Common Stock is listed on the OTCBB under the symbol
SYSC, however, trading has not yet commenced.

Registrant has adopted the policy to reinvest earnings to fund
future growth. Accordingly, Registrant has not paid dividends
and does not anticipate declaring dividends on its Common Stock
in the foreseeable future.

                            8
<PAGE>

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS

Results of Operations
---------------------
Registrant has not yet commenced full business operations and,
therefore, has not yet realized any substantial revenues.

Registrant had a net loss of $8,628 at December 31, 2002,
resulting in a negligible net loss per share.

General and administrative expenses at December 31, 2002 were
$8,688, most of which constituted legal and professional fees and
expenses incurred in connection with the preparation and filing
of Registrant's initial Form 10-SB registration statement with
the Securities and Exchange Commission.

Liquidity and Capital Resources
-------------------------------
At December 31, 2002, Registrant's primary sources of liquidity
included cash and cash equivalents in the amount of $46,319,
which was the balance of proceeds raised in Registrant's initial
public offering.

Registrant believes that its existing cash balance and future
operating cash flows will be sufficient for near term operating
needs. The extent to which such sources will be sufficient to
meet Registrant's anticipated cash requirements is subject to a
number of uncertainties, the most important of which is
Registrant's ability to generate sufficient cash flow to support
its business operations.

Plan of Operation
-----------------
Registrant intends to develop conservative real estate syndicates
in the Provinces of British Columbia and Alberta, Canada, that
will capitalize on the private investors' desire to diversify
their investment holdings from the traditional offering of
stocks, bonds and government debt instruments.  Registrant is still
in the development and research stages and has not yet commenced
its business operations.

ITEM 7.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Registrant's financial statements for the year ended December
31, 2002,  audited by Clyde Bailey, an independent Certified
Public Accountant, is included herein.

                               9
<PAGE>

ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE.

There were no changes in and/or disagreements with accountants
on accounting and financial disclosures during period covered
by this report.


                           PART III

ITEM 9.  DIRECTORS AND EXECUTIVE OFFICERS OF REGISTRANT.

Each of Registrant's directors is elected by the stockholders
to a term of one year and serves until his or her successor is
elected and qualified. Each of the officers is elected by the
Board of Directors to a term of one year and serves until his
or her successor is duly elected and qualified, or until he or
she is removed from office. The Board of Directors has no
nominating, auditing or compensation committees.

The names, addresses, ages and positions of the current officers
and directors is set  forth  below:

<TABLE><CAPTION>
<S>                         <C>      <C>
Name and Address            Age      Position(s)
----------------           ----      -------------
Brian Chelin (1)            38       President, Treasurer and
                                     Director

Jennifer Wallace (1)        31       Secretary and Director
</TABLE>

(1) Brian Chelin and Jennifer Wallace are husband and wife.

Background of Officers and Directors
------------------------------------
Brian Chelin has been the President, Treasurer and a Director of
Registrant since inception. He is married to Jennifer Wallace, an
officer and director. He has 13 years experience in real estate
investment and finance.  From August 1999 to the present, he has
also been a manager and a co-owner of Lanyard Financial
Corporation, a company specializing in syndicated mortgage
investments in the Pacific Northwest and Alberta, Canada.  From
June 1994 to August 1999, he was Asset Manager and Assistant
Vice-President of Hyland Turnkey Limited, an international real
estate development, investment and management company based in
Vancouver, BC.  From 1992 to 1994, he was an Account Manager with
Sun Life Trust of Canada underwriting and managing a $50 million
mortgage portfolio including special (default) accounts.  He has
been the originator and general partner in a number of successful
private issuer real estate syndicates. He graduated from the
University of British Columbia in 1989 with a Bachelor of Commerce
Degree specializing in Urban Land Economics. He also obtained a
diploma from the University of Copenhagen in 1988 in International
Business Studies. Mr. Chelin devotes full time to our business
operations.
                               10
<PAGE>

Jennifer Wallace has been Secretary and a Director since inception,
and is married to Brian Chelin. From November 1999 to the present,
she has been a partner in Seniority Lifestyle Strategies, a housing
consultation service, which assists aging adults and their families
in determining their housing requirements and options when they are
no longer self-sufficient. From 1998 to April 2002, she developed
and coordinated a pilot project in partnership with the British
Columbia Housing and Management Corporation and the Vancouver/
Richmond Health Board, which established a new model of supportive
housing in the public sector. From 1995 to 1999, she was a full-time
post-graduate student at Simon Fraser University, where she graduated
in 1999 with a Master of Arts Degree in Gerontology, specializing in
housing issues.  She also graduated from the University of Western
Ontario in 1992 with a Bachelor of Arts Degree in Sociology.  Ms.
Wallace will devote approximately 10 hours per week to our business
operations.


ITEM 10. EXECUTIVE COMPENSATION

As of the date of the filing of this Annual Report, none of
Registrant's officers or directors have been compensated for their
services, either in cash or stock, and there are no plans to
compensate them in the near future, unless and until Registrant
begins to realize revenues and becomes profitable in its business
operations. As a result, no summary compensation tables have been
included herein.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT.

The following table sets forth the total number of shares owned
beneficially by each of Registrant's directors, officers and key
employees, individually and as a group, and the present owners
of 5% or more of total outstanding shares. The stockholders listed
below have direct ownership of their shares and possess sole voting
and dispositive power with respect to the shares.

<TABLE><CAPTION>
<S>                     <C>                <C>
-------------------------------------------------------------------
Title of Class  Name and Address           Amount and
                of Beneficial              Nature of      Percent
                    Owner                  Beneficial     of Class
                                           Ownership
-------------------------------------------------------------------
Common Stock    Brian Chelin(1)          500,000 Direct    22.5%
                600-890 W. Pender Street 500,000 Indirect  22.5%
                Vancouver, BC Canada V6C 1J9

Common Stock    Jennifer Wallace(1)      500,000 Direct    22.5%
                600-890 W. Pender Street 500,000 Indirect  22.5%
                Vancouver, BC Canada V6C 1J9
----------------------------
All Executive Officers and
Directors as a group (2 persons)       1,000,000 Direct    45%
</TABLE>

(1) Brian Chelin and Jennifer Wallace are husband and wife.

                                11
<PAGE>


ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

There have been no actual or proposed transactions to which
Registrant was or is to be a party to in which any Director,
Executive Officer, nominee for election as Director, security
holder, or any member of the immediate family of any of the
aforementioned had or is to have a direct or indirect material
interest.

ITEM 13.  EXHIBITS, LISTS AND REPORTS ON FORM 8-K.

(a)     Registrant's financial statement for the year ended
        December 31, 2002 is included herein.

(b)     Registrant filed no reports on Form 8-K during the
        fourth quarter ended December 31, 2002

The following exhibits are included herein, except for the
exhibits marked with an asterisk, which are incorporated herein
by reference and can be found in Registrant's original Form
10SB12G Registration Statement, filed on November 23, 2001,
under SEC File Number 0-32885.

<TABLE><CAPTION>
<S>                     <C>
Exhibit Number     Description
--------------     -----------
    3(i) *         Articles of Incorporation
    3(ii)*         Bylaws
   23              Consent of Accountant
   99(i) *         Proposed Form of Limited Partnership Agreement
                   and Subscription Form
   99(ii)*         Limited Partnership Unit Distribution Policy


</TABLE>












                                  12

<PAGE>





















                        SYNREAL SERVICES CORP.


                         December 31, 2002





























                             Clyde Bailey, P.C.
                        Certified Public Accountant
                          10924 Vance Jackson #404
                          San Antonio, Texas 78230

                                   13

CLYDE BAILEY P.C.
Certified Public Accountant
10924 Vance Jackson #404
San Antonio, Texas 78230
(210) 699-1287(ofc.)
(888) 699-1287  (210) 691-2911 (fax)

Member:
American Institute of CPA's
Texas Society of CPA's

Board of Directors
Synreal Services Corp.

INDEPENDENT AUDITOR'S REPORT

I have audited the accompanying balance sheet of Synreal
Services Corp. (Company) as of December 31, 2002 and the
related statement of operations, statement of stockholders'
equity, and the statement of cash flows from August 28, 2000
to December 31, 2002 and for the years ended December 31,
2002 and 2001. These financial statements are the
responsibility of the Company's management. My responsibility
is to express an opinion on these statements based on my audit.

I conducted my audit in accordance with generally accepted
auditing standards in the United States. Those standards
require that I plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of
material misstatement. An audit includes examining on a test
basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by
management, as well as evaluating the overall financial
statement presentation. I believe that my audit provides a
reasonable basis for my opinion.

The Company is a development stage enterprise, as defined in
Financial Accounting Standards Board No. 7. The Company is
devoting all of its present efforts in securing and establishing
a new business, and its planned principal operations have not
commenced, and, accordingly, minimal revenue has been derived
during the organizational period.

In my opinion, the financial statements referred to above
present fairly, in all material respects, the financial position
of the Company as of December 31, 2002 and the results of its
operations and its cash flows for the period ended December 31,
2002 and 2001 from August 28, 2000 to December 31, 2002, in
accordance with accounting principles generally accepted in
the United States.

/s/ Clyde Bailey P.C.
    San Antonio, Texas
    March 3, 2003

                              14
<PAGE>

<TABLE><CAPTION>
                              Synreal Services Corp.
                        (A Development Stage Enterprise)
                                 Balance Sheet
                            As of December 31, 2002

                                   A S S E T S
                                   -----------
<S>                                                      <C>

Current Assets
--------------
     Cash                                          $     46,319
                                                   ------------
          Total Current Assets                           46,319
                                                   ------------
          Total Assets                             $     46,319
                                                   ============
                              L I A B I L I T I E S
                              ---------------------
Current Liabilities
-------------------
     Taxes Payable                                             -
                                                    ------------
          Total Current Liabilities                            -
                                                    ------------
          Total Liabilities                                    -


                      S T O C K H O L D E R S '   E Q U I T Y
                      ---------------------------------------
Common Stock                                             2,200
     100,000,000 authorized shares, par value $.001
     2,200,000 shares issued and outstanding

Additional Paid-in-Capital                              62,800
Accumulated other comprehensive income                      82
Accumulated Deficit during the Development Period      (18,763)
                                                   -----------
          Total Stockholders' Equity                    46,319
                                                   -----------
          Total Liabilities and Stockholders'
          Equity                                    $   46,319
                                                    ==========
</TABLE>


<FN>
The accompanying notes are integral part of the consolidated
financial statements.
</FN>
                                15

<PAGE>

<TABLE><CAPTION>
                              Synreal Services Corp.
                       (A Development Stage Enterprise)
                            Statement of Operations

                                                            From
                                 For the Year Ended    Inception to
                                  2002       2001    December 31, 2002
                                 -------------------------------------

                               <c>          <c>          <c>
Revenues:
---------
     Revenues                    $     -     $ 1,795   $    1,795
                                 --------------------------------
          Total Revenues         $     -     $ 1795    $    1,795

Expenses:
---------
     Professional Fees             7,105      5,750        12,855
     Operating Expenses            1,583      3,501         7,917
                                 --------------------------------
          Total Expenses           8,688      9,251        20,772
                                 --------------------------------
          Net Loss from
             Operations         $ (8,688)    (7,456)      (18,977)

Other Income and Expenses:
-------------------------
     Interest Income                  60        154           214
                                ---------------------------------
     Net Income
     before Taxes                 (8,628)    (7,302)      (18,763)

Provision for Income Taxes:
---------------------------
     Income Tax Benefit                -         -              -
          Net Income (Loss)     $ (8,628)    (7,302)      (18,763)
                                =================================
Basic and Diluted Earnings Per
Common Share                         Nil       Nil           Nil
                               ----------------------------------
Weighted Average number of
Common Shares used in per
share calculations             2,200,000  2,200,000    2,071,429
                               ==================================

</TABLE>

<FN>
The accompanying notes are integral part of the consolidated
financial statements.
</FN>

                                  16
<PAGE>

<TABLE><CAPTION>
                             Synreal Services Corp.
                       (A Development Stage Enterprise)
                       Statement of Stockholders' Equity
                           As of December 31, 2002
<S>          <C>      <C>     <C>       <C>          <C>        <C>
                                       Accumulated
                                         Other
                   $.001   Paid-In Comprehensive Accumulated Stockholders'
            Shares  Par Value Capital  Income(Loss)  Deficit       Equity
            ------  --------- ------- -------------  ---------- ---------
Balance,
August 28,
2000            -   $    -   $    -     $      -      $      -   $      -

Stock
Issued    1,000,000    1,000     4,000         -             -       5,000

Stock
Issued-   1,200,000    1,200    58,800                              60,000
504
Offering

Comprehensive
Income (Loss):
Net (Loss)                                             (2,833)     (2,833)

Foreign
Currency
Translation
Gain                                          82                       82
                                                                   -------
Total
Comprehensive
(Loss)                                                             (2,751)
          ---------  --------  -------   ----------    --------    -------
Balance,
December
31, 2000  2,200,000    2,200    62,800         82       (2,833)    62,249

Comprehensive
Income (loss):
Net (Loss)                                              (7,302)    (7,302)

Foreign
Currency
Translation Gain                                -                      -
                                                                   -------
Total
Comprehensive
Loss                                                               (7,302)
          ---------   ------    ------   ----------    --------    -------
Balance
December 31,
2001      2,200,000   $2,200   $62,800    $     82    $(10,135)   $54,947
          ---------   ------   -------   ---------    --------    -------
Comprehensive
Income (Loss):
Net (Loss)                                              (8,628)    (8,628)

Foreign
Currency
Translation Gain                                -                      -
                                                                   -------
Total
Comprehensive
Loss                                                               (8,628)
          ---------   ------    ------   ----------    --------    -------
Balance
December 31,
2002      2,200,000   $2,200   $62,800    $     82    $(18,763)   $46,319
          =========   ======    ======   ==========    ========   =======
</TABLE>

                                     17
<PAGE>

<TABLE><CAPTION>
                                 Synreal Services Corp.
                           (A Development Stage Enterprise)
                               Statement of Cash Flows

                                                          From
                                 For the Year Ended   Inception to
                                  2002        2001     December 31
                                                          2002
                                 ----------------------------------

                               <c>          <c>          <c>

Cash Flows from Operating Activities:
-------------------------------------
     Net Income (Loss)           $(8,628)    $(7,302)     $ (18,763)
     Foreign Currency Gain             -          82             82
                                 ----------------------------------
Net Cash Provided from
Operating Activities              (8,628)     (7,220)       (18,681)

Cash Flows from Investing Activities:
------------------------------------
     Other Assets                      -           -              -
                                 ----------------------------------
Net Cash Used in Investing
Activities                             -           -              -
                                 ----------------------------------
Cash Flows from Financing Activities:
-------------------------------------
     Common Stock                      -           -         65,000
                                 ----------------------------------
Net Cash Provided from
Financing Activities                   -           -         65,000
                                 ----------------------------------
Net Increase in Cash              (8,628)      (7,220)       46,319
                                 ----------------------------------
Cash Balance, Begin Period        54,947       62,167             -
                                 ----------------------------------
Cash Balance, End Period        $ 46,319      $54,947       $46,319
                                ===================================
Supplemental Disclosures:
 Cash Paid for interest         $      -     $     -        $     -
 Cash Paid for income taxes     $      -     $     -        $     -
</TABLE>

<FN>
The accompanying notes are integral part of the consolidated financial
statements.
</FN>
                                     18
<PAGE>
                            Synreal Services Corp.
                       Notes to Financial Statements

Note 1  -  Summary of Significant Accounting Policies
-----------------------------------------------------
Organization
------------
Synreal Services Corp. ("the Company") was incorporated under the
laws of the State of Nevada on August 28, 2000 for the purpose to
promote and carry on any lawful business for which a corporation
may be incorporated under the laws of the State of Nevada. The
company has a total of 100,000,000 authorized shares with a par
value of $.001 per share and with 2,200,000 shares issued and
outstanding as of December 31, 2002. The fiscal year end will be
December 31. The Company has been inactive since inception and
has little or no operating revenues or expenses.

Development Stage Enterprise
----------------------------
The Company is a development stage enterprise, as defined in
Financial Accounting Standards Board No. 7. The Company is
devoting all of its present efforts in securing and establishing
a new business, and its planned principal operations have not
commenced, and, accordingly, minimal revenue has been derived
during the organizational period.

Federal Income Tax
------------------
The Company has adopted the provisions of Financial Accounting
Standards Board Statement No. 109, Accounting for Income Taxes.
The Company accounts for income taxes pursuant to the provisions
of the Financial Accounting Standards Board Statement No.  109,
"Accounting for Income Taxes", which requires an asset and
liability approach to calculating deferred income taxes.  The
asset and liability approach requires the recognition of deferred
tax liabilities and assets for the expected future tax consequences
of temporary differences between the carrying amounts and the tax
basis of assets and liabilities.

Use of Estimates
----------------
The preparation of financial statements in conformity with
generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure on contingent assets and
liabilities at the date of the financial statements, and the
reported amounts of revenues and expenses during the reporting
period.  Actual results could differ from those estimates.

Stock-Based Compensation Plans
------------------------------
The Company accounts for all transactions under which employees,
officers and directors receive shares of stock or options in the
Company in accordance with the provisions of Accounting Principles
Board Opinion No. 25, "Accounting for Stock Issued to Employees,"
("APB 25"), under which no compensation cost is recognized. The
Company adopted
                              19
<PAGE>

                   Synreal Services Corp.
               Notes to Financial Statements

Note 1  -  Summary of Significant Accounting Policies (cont.)
--------------------------------------------------------------
Statements of Financial Accounting Standards No. 123 ("SFAS No. 123"),
"Accounting for Stock-Based Compensation," for disclosure purposes,
and has adopted the proforma disclosure requirements of SFAS 123.
Accordingly, no compensation has been recognized in the results of
operations for the employee, officers and directors stock plan other
than for options issued at an exercise price below market price, to
non-employees for consulting services or to debt providers that had
stock or options attached.

Foreign Currency Translation
----------------------------
Assets and liabilities of subsidiaries operating in foreign countries
are translated into U.S. dollars using both the exchange rate in
effect at the balance sheet date or historical rate, as applicable.
Results of operations are translated using the average exchange rates
prevailing throughout the year. The effects of exchange rate
fluctuations on translating foreign currency assets and liabilities
into U.S. dollars are included in stockholders' equity (Accumulated
other comprehensive loss), while gains and losses resulting from
foreign currency transactions are included in operations.

Accounting Method
-----------------
The Company's financial statements are prepared using the accrual
method of accounting. Revenues are recognized when earned and expenses
when incurred. Fixed assets are stated at cost. Depreciation and
amortization using the straight-line method for financial reporting
purposes and accelerated methods for income tax purposes.

Earnings per Common Share
-------------------------
The Company adopted Financial Accounting Standards  (SFAS) No.  128,
"Earnings Per Share," which simplifies the computation of earnings per
share requiring the restatement of all prior periods.

Basic earnings per share are computed on the basis of the weighted
average number of common shares outstanding during each year.

Diluted earnings per share are computed on the basis of the weighted
average number of common shares and dilutive securities outstanding.

                              20
<PAGE>
                      Synreal Services Corp.
                  Notes to Financial Statements
Note 1  -  Summary of Significant Accounting Policies (cont.)
Recent Accounting Pronouncements
--------------------------------
In June  2001,  the  FASB  issued  SFAS  No.  143,  "Accounting
for  Asset Retirement  Obligations".  SFAS  No.  143  addresses
accounting  and reporting for obligations  associated with the
retirement of tangible long-lived assets and the associated asset
retirement  costs. SFAS No. 143 is effective for fiscal years
beginning  after June 15,  2002.  The Company does not expect
that there  will be a  material  impact  from the  adoption
of SFAS  No.  143 on its financial position, results of
operations, or cash flows.

In  August  2001,  the  FASB  issued  SFAS  No.  144,  "Accounting
for the Impairment or Disposal of Long-Lived  Assets".  SFAS No.
144 addresses financial accounting and reporting for the impairment
or disposal of long-lived assets. It supersedes SFAS No. 121,
"Accounting for the Impairment of Long-Lived Assets and for
Long-Lived  Assets To Be Disposed  Of", and the  accounting  and
reporting provisions of Accounting  Principles Board Statement
("APB") 30, "Reporting the Results of  Operations  -  Reporting
the  Effects of Disposal of a Segment of a Business,  and
Extraordinary,  Unusual and  Infrequently  Occurring  Events and
Transactions",  for the  disposal  of a segment of a  business.
The  Company is required to adopt SFAS No. 144 on October 1, 2002.
The Company  does not expect that  the  adoption  of  SFAS  No.144
will  have  a  material  effect  on its financial position, results
of operations or cash flows.

In April 2002, the FASB issued SFAS No. 145, "Rescission of FASB
Statements No. 4,44 and 64, Amendment of FASB Statement No. 13,
and Technical Corrections". SFAS  No.  145   requires   the
classification   of  gains  and  losses   from extinguishments
of debt as  extraordinary  items  only  if  they  meet  certain
criteria  for such  classification  in APB No.  30,  "Reporting
the  Results of Operations,  Reporting  the Effects of Disposal
of a Segment of a Business,  and Extraordinary, Unusual, and
Infrequently Occurring Events and Transactions". Any gain or
loss on  extinguishments  of debt classified as an extraordinary
item in prior  periods that does not meet the  criteria  must be
reclassified  to other income or expense.  These  provisions  are
effective for fiscal years  beginning after  May  15,  2002.
Additionally,   SFAS  No.  145  requires  sale-leaseback accounting
for certain lease modifications that have economic effects similar
to sale-leaseback   transactions.   These  lease   provisions
are  effective  for transactions  occurring  after May 15,  2002.
The  Company  does not expect the adoption of SFAS No. 145 to have
a material effect on its financial position, results of operations
or cash flows.

                           21
<PAGE>

In July 2002,  the FASB issued  SFAS No. 146 ,  "Accounting  for
Costs Associated  with Exit or Disposal  Activities".  SFAS No. 146
replaces "Emerging Issues Task Force Issue No. 94-3,  "Liability
Recognition for Certain  Employee Termination Benefits and Other
Costs to Exit an Activity (including Certain Costs Incurred in a
Restructuring)".  SFAS No. 146 requires companies to recognize
costs  associated  with  exit or  disposal  activities  when they
are incurred  rather than at the date of a commitment  to an exit
or disposal  plan. Examples of costs covered by the standard
include lease  termination  costs and certain  employee  severance
costs that are  associated  with a  restructuring, discontinued
operation,  plant closing, or other exit or disposal activity.
No. 146 is to be applied  prospectively to exit or disposal activities
initiated after  December 31,  2002.  The Company does not expect
the adoption of SFAS No. 146 to have a material effect on its
financial position, results of operations or cash flows.

Note 2  -  Common Stock

A total of 1,000,000 shares of stock were issued pursuant to a stock
subscription agreement for $0.005 per share for a total of $5,000 to
the original officers and directors.

In December of 2000, a Rule 504 offering was completed whereby
1,200,000 shares of common stock were issued at $.05 per share for
a total of $60,000. The funds are to be used for expenses and
working capital.

Note 3  -  Related Parties

The Organization has no significant related party transactions and/or
relationships with any individuals or entities.

Note 4 - Income Taxes

Deferred taxes are classified as current or non-current, depending
on the classification of the assets and liabilities to which they
relate.  Deferred taxes arising from timing differences that are
not related to an asset or liability are classified as current or
non-current depending on the periods in which the timing differences
are expected to reverse.

Note 5  -  Subsequent Events

There were no other material subsequent events that have occurred
since the balance sheet date that warrants disclosure in these
financial statements.


                              22
<PAGE>

                            SIGNATURES
                            ----------
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                          Synreal Services Corp., Registrant

Dated: March 23, 2003     By:/s/ Brian Chelin
                          President, CEO, Treasurer, CFO and Director


Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons
on behalf of Registrant and in the capacities and on the dates
indicated:


By: /s/ Brian Chelin, President, CEO, Treasurer, CFO and Director

Dated:  March 23, 2003


By: /s/ Jennifer Wallace, Secretary and Director

Dated:  March 23, 2003


         CERTIFICATION PURSUANT TO SECTION 302 OF THE ACT
         ------------------------------------------------

     I, Brian Chelin, certify that:

1. I have reviewed this annual report on Form 10-KSB of Synreal
Services Corp.

2. Based on my knowledge, this annual report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect
to the period covered by this annual report.

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all
material respects the financial condition, results of operations and
cash flows of Synreal Services Corp. as of, and for, the periods
presented in this annual report.

                                23
<PAGE>


4.  Synreal Services Corp.'s other certifying officers and I are
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for
Synreal Services Corp. and have:

     (a) designed such disclosure controls and procedures to
     ensure that material information relating to Synreal
     Services Corp., including its consolidated subsidiaries,
     is made known to us by others within those entities,
     particularly during the period in which this annual
     report is being prepared;

     (b) evaluated the effectiveness of Synreal Services Corp.'s
     disclosure controls and procedures as of a date within
     90 days prior to the filing date of this annual report
     (the "Evaluation Date"); and

     (c) presented in this annual report our conclusions
     about the effectiveness of the disclosure controls and
     procedures based on our evaluation as of the Evaluation Date;

5.  The other certifying officers and I have disclosed, based on our
most recent evaluation, to our auditors and the audit committee of our
Board of Directors (or persons performing the equivalent functions):

   (a) all significant deficiencies in the design or operation of
   internal controls which could adversely affect our ability to
   record, process, summarize and report financial data and have
   identified for our auditors any material weaknesses in internal
   controls; and

   (b) any fraud, whether or not material, that involves management
   or other employees who have a significant role in our internal
   controls.

6. The other certifying officers and I have indicated in this annual
report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant deficiencies
and material weaknesses.

        March 23, 2003          /s/ Brian Chelin
                              ----------------------------------------
                              Brian Chelin, Chief Executive Officer,
                              Chief Financial Officer and Chairman
                              of the Board of Directors


                                   24

<PAGE>