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 June 30, 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)

357-2-816226

_______________________________________________

(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 June 30, 2004 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 June 30, 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 SHEET                                                                                                                  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------
|ASSETS                                                                                                                                                            
|                                                                                                                                                                  
|Current Assets:                                                                                                                                                   
|Cash                                                                                                                                                              
|Total Current Assets                                                                                                                                              
|Fixed Assets:                                                                                                                                                     
|Office furnishings and equipment                                                                                                                                  
|Accumulated depreciation                                                                                                                                          
|Total Fixed Assets                                                                                                                                                
|TOTAL ASSETS                                                                                                                                                      
|LIABILITIES AND SHAREHOLDERS'
(Deficit)                                                                                                                           
|                                                                                                                                                                  
|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 200,000,000 shares;
12,481,724 shares outstanding at June 30,
2004 and 8,481,724 shares outstanding at
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                                                               
|**Adjustments to Reconcile Net Loss to Cash Flows used in
Operations:**
|Issuance of common stock for services rendered                         
|(Decrease) in accounts payable                                         
|**Net Cash 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

June 30, 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.

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.

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.

PART II ­ OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

None.

ITEM 2.     CHANGE IN SECURITIES

A Certificate of Amendment tot he Articles of Incorporation of the registrant was filed with the
Secretary of State of Nevada on June 23, 2004.  ARTICLE IV-STOCK was amended as follows:

ARTICLE IV - STOCK (a) the Corporation is authorized to issue two classes of shares to be
designated "preferred" and "Common".  The Total number of shares which the corporation is
authorized to is Two hundred fifty million (250,000,000) shares.  The number of preferred shares
authorized in Fifty Million (50,000,000) shares, and the par value of each share is $.001.  The
number of common shares authorized is Two hundred Million (200,000,000) shares, and the par
value of each share is $.001.

ITEM 3.     DEFAULTS UPON SENIOR SECURITIES

Not applicable.

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

The registrant's Articles of Incorporation were amended effective with the filing thereof with the
Nevada Secretary of States office on June 23, 2004, increasing the authorized common shares to
two hundred million (200,000,000).  A Special Meeting of shareholders was held on the 22nd day
of June at 21539 St. Andrews Grand Circle, Boca Raton, FL 33486 for the sole purpose of
considering the foregoing amendment.  On the Record date of the Meeting, June 7, 2004, there
were 12,481,724 shares issued and outstanding.  The Special meeting of Shareholders was called
and held without notice pursuant to the provisions of Chapt. 78.320 of the Nevada Revised
Statutes, which provides for an affirmative vote of majority of the issued and outstanding shares
of the registrant present in person or by proxy to approve a proposal(s).  On the date of the
Meeting 10,570,000 shares voted in the favor of the amendment and -0- shares voted against the
adoption of the amendment.

ITEM 5.     OTHER INFORMATION

None.

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

(b) Reports on Form 8-K

The registrants report on Form 8K filed August 12, 2004 is incorporated herein by reference.

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

George Christodoulou

President