SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB

Quarterly Report under Section 13 or 15 (d)

Of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2004

Commission file number 000-29243

New Century Resources Corporation

_______________________________________________________________________

(Exact name of small business issuer as specified in its charter)

Nevada                                                                     98-0361773

___________________________                        ________________________________

(State or other jurisdiction of                                (IRS Employer Identification Number)

Incorporation or organization)

5 Vassili Michaelide, Lakatania, Nicosia, Cyprus 2314

_________________________________________

(Address of principal executive offices)

011-357-22-816226

_______________________________________________

(Issuer's telephone number, including area code)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15 (d) of the
Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the
registrant was required to file such reports) Yes [X] No [ ], and (2) has been subject to such filing
requirements for the past 90 days.  Yes [X] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common equity, a of the
latest practicable date:

As of March 31, 2004, the issuer had outstanding 8,481,724 shares of its Common Stock, $0.001
par value.

**PART I**

**ITEM 1.     FINANCIAL STATEMENTS**

The Unaudited financial statements of New Century Resources Corporation, a Nevada
corporation, (the "Company") as of March 31, 2004, were prepared by Management and
commence on the following page.  In the opinion of Management, the financial statements fairly
present the financial condition of the Company.

|NEW CENTURY RESOURCES CORPORATION

BALANCE SHEETS                                                                                 
|----------------------------------------------------------------------------------------------------------------------------------
|ASSETS                                                                                                                            
|                                                                                                                                  
|Current Assets:                                                                                                                   
|Cash                                                                                                                              
|Total Current Assets                                                                                                              
|Fixed Assets:                                                                                                                     
|Office furnishings and equipment                                                                                                  
|Accumulated depreciation                                                                                                          
|Total Fixed Assets                                                                                                                
|TOTAL ASSETS                                                                                                                      
|LIABILITIES AND SHAREHOLDERS'
EQUITY                                                                                              
|Current Liabilities:                                                                                                              
|Accounts payable                                                                                                                  
|Total Current Liabilities                                                                                                         
|Shareholders' Equity:                                                                                                             
|Preferred stock, $ .001  par value, authorized
50,000,000  shares; no shares issued                                               
|Common stock, $.001 par value, authorized
100,000,000 shares; 8,481,724 shares
outstanding at March 31, 2004 and December
31, 2003
|Additional Paid-In Capital                                                                                                        
|Retained Earnings (Deficit)                                                                                                       
|Total Shareholders' Equity (Deficit)                                                                                              
|Total Liabilities and Shareholders' Equity                                                                                        
|See accompanying notes to financial statements.                                                                                   

|**NEW CENTURY RESOURCES CORPORATION**              
|---------------------------------------------------
|                                                   
|**STATEMENTS OF OPERATIONS**                       
|**(Unaudited)**                                    
|                                                   
|                                                   
|**Revenue:**                                       
|**Total Revenue**                                  
|                                                   
|**Operating Expense:**                             
|**General & administrative expenses**              
|**Professional Fees**                              
|**Total Operating Expense**                        
|                                                   
|**Net Loss**                                       
|                                                   
|**Net Loss Per Common Share**                      
|**(Basic and Fully Diluted)**                      
|                                                   
|**Weighted Average Shares**                        
|**Common Stock Outstanding**                       
|                                                   
|                                                   
|**See accompanying notes to financial statements.**

|**NEW CENTURY RESOURCES CORPORATION**               
|----------------------------------------------------
|                                                    
|**STATEMENTS OF CASH FLOWS**                        
|**(Unaudited)**                                     
|                                                    
|                                                    
|**Cash Used in Operating Activities:**              
|Net Loss                                            
|****                                                
|Cash Flows used in Operating Activities             
|****                                                
|Cash Provided by Financing Activities:              
|Capital contribution for services by shareholder    
|**Net Increase Cash Flow from Financing Activities**
|****                                                
|Net Increase in Cash for Period                     
|****                                                
|Cash at Beginning of Period                         
|****                                                
|CASH AND CASH EQUIVALENTS AT END OF
PERIOD          
|****                                                
|                                                    
|See accompanying notes to financial statements.     

**NEW CENTURY RESOURCES CORPORATION**

**NOTES TO FINANCIAL STATEMENTS**

**March 31, 2004**

**A. ORGANIZATION AND ACCOUNTING POLICIES**

**New Century Resources Corporation (the Company), was incorporated under the laws of
the State of Utah in July of 1979 as WEM Petroleum, Inc.  In October 1993, the
Corporation changed its name to New Century Resources Corporation, acquiring 100% of
the outstanding stock of G.C. Gulf Western Trading Limited (G.C.) in exchange for
7,200,000 shares of stock, which gave the stockholders of G.C. control of the Corporation
by which it has conducted its operations.  This acquisition was accounted for as a reverse
merger or recapitalization of G.C.  No goodwill or other write-up to fair market value of
the assets of G.C. occurred at the time of the merger.  In 1994, the company was
redomiciled in the state of Nevada.**

**The Company divested itself of its 100% owned subsidiary G.C. on December 12, 2000,
thereby eliminating the Trekkopje mining claims, a capitalized cost of $10,533,252, the
related liabilities amounting to $8,500,000 from its acquisition, the note payable to its
principal stockholder, which aggregated, came to a total of $1,046,640, and any claims to
accrued interest. This divestiture was the unanimous decision of the board of directors,
which was based in part, upon the Corporation's inability to raise the necessary capital to
fund the exploration and development of the Trekkopje Uranium reserves. In addition, a
feasibility study conducted by Dr. Brian Hambleton played crucial role in their decision
making process, concluding that, due to the current Uranium market, exploitation of the
Uranium reserves on the property would not be financially viable, and did not foresee any
immediate or mid-term prospects in world market conditions and pricing which would lead
to a pricing level justifiable of the exploitation of the Uranium reserves.**

**INCOME TAXES**

**The Company has incurred losses from inception, and has not been subject to any
significant income taxes ­ foreign or U. S.  The Company has recognized no income tax
assets from future benefits of its loss carry forward, as realization is doubtful. The
Company has not filed a consolidated tax return, so it is doubtful that any of its losses will
be available for U. S. federal income tax purposes, as its operating subsidiary, G.C.,
incurred the majority of the losses in the development of a Uranium mine in Namibia.**

**OFFICE FURNITURE., EQUIPMENT AND DEPRECIATION**

**The Company's office furniture and equipment are stated at cost. Depreciation has been
provided on the straight-line basis over periods of five to ten years.**

**FOREIGN CURRENCY**

**The Company has no significant foreign currency gains or losses in the translation of either
balance sheets or income statements amounts, as the majority of its operations have been
conducted in U.S. dollars.**

**B.  COMMON STOCK**

**The Company has no stock options or other dilutive stock instruments outstanding.  The
Company reverse split its stock 91:1 in October 1993 and redeemed 520,000 shares in the
year ending December 31,1997 for a contribution to capital of $1,425.  The Company has
had no other stock transactions since this date.**

**At December 31, 2003, the Company had a liability of $125,000 in accrued consulting fees.
On June 2, 2004, the Company issued 4,000,000 shares of common stock, valued at $.03 per
share, satisfying the $125,000 debt.**

**C.  DIVESTURE OF G.C. GULF WESTERN TRADING LIMITED**

**On December 12, 2000, the Company divested itself of its 100% owned subsidiary and its
primary stockholder forgave the balance owed him in the amount of  $1,046,640.  The
transaction resulted in a reduction of paid-in capital for the Corporation of $985,938,
which is the amount of the capitalized mineral development costs in excess of the liabilities
eliminated.  The Company had an option to acquire the Klein Trekkopje Uranium deposit
in Namibia for $8,500,000, subject to confirmation of the Uranium reserves through a
drilling program.  The Company's prior auditors reflected the option liability price as
paid-in capital; however, U.S. Generally Accepted Accounting Principles (GAAP) requires
the liability for the purchase price to be carried as a liability.  Therefore, the Company's
paid-in capital was restated reflecting the reduction of the $8,500,000 option, which has not
been exercised to date.**

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

**CONDITION OR PLAN OF OPERATION**

**The following information provides information that Management believes is relevant to an
assessment and understanding of the Company's plan of Operation.  This discussion should
be read in conjunction with the Company's plan of operation.**

**Forward-Looking Statements**

**This Form 10-QSB includes, without limitation, certain statements containing the words
"believes", anticipates", "estimates" and similar expressions that constitute
"forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995.  This Act provides a "safe harbor" for forward-looking statements to
encourage companies to provide prospective information about themselves so long as they
identify these statements as forward-looking and provide meaningful, cautionary
statements identifying important factors that could cause actual results to differ from the
projected results.  All statements other than statements of historical fact, made this Form
10-QSB are forward-looking.  In particular, the statements herein regarding the future
purchase of equipment, hiring additional personnel, potential contracts with third parties,
future cash requirements, and future profitability are forward-looking statements.
Forward-looking statements reflect management's current expectations and are inherently
uncertain.  The Company's actual results may differ significantly from management's
expectations.**

**Business of Issuer**

**From inception, 1981 through 1984, the Company conducted business in the oil and gas
industries, never realizing any revenues.  In 1984, the Company attempted to shift its
interests to the mining industry, although this attempt was also unsuccessful.  In 1988, the
Company made an effort to conduct business once again, expanding its interests into the
development and marketing of high-tech products.   As with their previous attempts, no
revenues were realized from their efforts, causing them to cease operations.  Although
there were no significant operations during 1993, the Company continued to its efforts in
locating a successful merger candidate.  These efforts resulted in the formation of an
Agreement and Plan of Reorganization with G.C. Gulf Western Trading Limited, a Cyprus
corporation, on October 25, 1993.  In doing so, the Company desired to enter the Uranium
prospecting industry.  Unfortunately, both the Company's inability to produce the
necessary capital and the depressed condition of the Uranium market, caused the Company
to unanimously make the decision to divest itself 100% of its wholly owned subsidiary,
G.C. Gulf Western Trading Limited, thus concluding this relationship on December 12,
2000.  Since that period of time, the Company has had no operations, excepting those
necessary to maintain their active status and the accounting and legal services needed to
complete this registration.**

**Plan of Operations**

**Currently, the Company is focusing all of its efforts on locating a successful merger
candidate.  The Company has no employees due to their non-existent operations, and has
no intentions of hiring employees unless a candidate is found.  However, because of the
Company's limited financial resources, it is not known whether they will, at some future
time, resume their operational status.**

**PART II ­ OTHER INFORMATION**

**ITEM 1.     LEGAL PROCEEDINGS**

**None.**

**ITEM 2.     CHANGE IN SECURITIES**

**None.**

**ITEM 3.     DEFAULTS UPON SENIOR SECURITIES**

**Not applicable.**

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

**No matters were submitted to a vote of security holders during this time period.**

**ITEM 5.     OTHER INFORMATION**

**None.**

**ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K**

**(a) Exhibits**

**No exhibits are included as they are either not required or not applicable.**

**(b) Reports on Form 8-K**

**None.**

**SIGNATURES**

**In accordance with the requirements of the Securities Exchange Act of 1934, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.**

**NEW CENTURY RESOURCES CORPORATION**

**Date: August 12, 2004**

**/s/ George Christodoulou**

**President**