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, 2005

Commission filenumber 000-29243

New Century Resources Corporation

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

Nevada                                                     98-0361773

(State of  Incorporation or organization)  (IRS Employer Identification Number)

5 Vassili Michaelide, Lakatania, Nicosia , Cyprus 2314

Nicosia , Cyprus

(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 [] No [X ], 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, as of the
latest practicable date:

As of March 31, 2005 , the issuer had outstanding 12,481,724 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, 2005 , 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**                                                                                                                            
|**(Unaudited)**                                                                                                                               
|**ASSETS**                                                                                                                                    
|                                                                                                                                              
|**Current Assets:**                                                                                                                           
|Cash                                                                                                                                          
|**Total Current Assets**                                                                                                                      
|**Fixed Assets:**                                                                                                                             
|Office furnishings and equipment                                                                                                              
|Accumulated depreciation                                                                                                                      
|**Total Fixed Assets**                                                                                                                        
|**TOTAL ASSETS**                                                                                                                              
|**LIABILITIES AND STOCKHOLDERS'
(DEFICIT)**                                                                                                   
|**Current Liabilities:**                                                                                                                      
|Accounts payable                                                                                                                              
|**Total Current Liabilities**                                                                                                                 
|                                                                                                                                              
|Stockholders' Equity (Deficit)                                                                                                                
|Preferred stock, $ .001 par value, authorized
50,000,000 shares; no shares issued at March 31,
2005 and at December 31, 2004                  
|Common stock, $.001 par value, authorized
100,000,000 shares; 12,481,724 shares issued
and outstanding at March 31, 2005 and
December 31, 2004
|**Additional Paid-In Capital**                                                                                                                
|**Retained Earnings (Deficit)**                                                                                                               
|**Total Stockholders' Equity (Deficit)**                                                                                                      
|**Total Liabilities and Stockholders' Equity
(Deficit)**                                                                                      
|                                                                                                                                              
|**See accompanying notes to financial statements.**                                                                                           
|                                                                                                                                              

|**NEW CENTURY RESOURCES CORPORATION**              
|---------------------------------------------------
|**STATEMENTS OF OPERATIONS**                       
|                                                   
|                                                   
|**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**                                               
|                                                                           
|                                                                           
|**Cash Used in Operating Activities:**                                     
|**Net Loss**                                                               
|                                                                           
|**Adjustments to Reconcile Net Loss** **to Cash Flows used
in Operations:**
|Increase in accounts payable                                               
|**Net Cash used in Operating Activities**                                  
|                                                                           
|**Cash Provided by Financing Activities:**                                 
|Capital contribution by shareholder for expenses                           
|**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**                             
|                                                                           
|                                                                           

NEW CENTURY RESOURCES CORPORATION

****NOTES TO FINANCIAL STATEMENTS

****March 31, 2005

****A. BASIS OF PRESENTATION

The interim financial statements of New Century Resources Corporation (the
Company) for the three months ended March 31, 2005 are not audited.  The
financial statements are prepared in accordance with requirements for unaudited
interim periods, and consequently do not include all of the disclosures required to
be in conformity with accounting principles generally accepted in the United
States of America.

In the opinion of management, the accompanying financial statements contain all
adjustments, consisting of normal recurring accruals, necessary for a fair
presentation of the Company's financial position as of March 31, 2005 and the
results of operations and cash flows for the three months ended March 31, 2005.

The results of operation for the three months ended March 31, 2005 are not
necessarily indicative of the results for a full year period.

****B. 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.

C.  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.

The Company filed a Certificate of Amendment with the state of Nevada on June 23, 2004,
changing the authorized number of shares that the Company is authorized to issue.  The number
of preferred shares authorized has remained at 50,000,000 and the number of shares authorized
has been increased to 200,000,000.  The par value of each share remains at $.001 per share.

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.

****D.  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.

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

None.
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: June 30, 2005

*_/s/ George Christodoulou*

George Christodoulou

President and Director