**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**




**FORM
      10-KSB**




(Mark
      One)




**x**
            **ANNUAL
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934**




**For
      the fiscal year ended June 30, 2007**




**o**
            **TRANSITION
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934**




**For
      the transition period from ___________ to ___________**




**Commission
      file number** **000-51914**





**UNITED
      NATIONS TRADE FINANCE SECURITIES CENTER (HOKKAIDO), INC.**


(Exact
      name of registrant as specified in its charter)




**Delaware**
            **20-2779605**(State
                or other jurisdiction of incorporation or organization)
            (I.R.S.
                Employer Identification No.)





**350
                Fifth Avenue, Suite 4304, New York, NY**
            **10118**(Address
                of principal executive offices)
            (Zip
                Code)**590
                Madison Avenue,****21****st****Floor, New York, N.Y. 10022**(Former
                Address)





Registrant’s
                telephone number, including area code:
            
            **(917) 346-1489**




Securities
      registered under Section 12(b) of the Exchange Act:





Title
                of each class
            Name
                of each exchange on which registered**None**
            **None**





Securities
      registered under Section 12(g) of the Exchange Act:




**Common
      Stock, par value $.001**


(Title
      of
      class)




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




Check
      if
      there is no disclosure of delinquent filers in response to Item 405 of
      Regulation S-B contained in this form, and no disclosure will 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-KSB or any
      amendment to this Form 10-KSB. o




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes x No o





State
      issuer’s revenues for its most recent fiscal year. $0










Aggregate
      market value of the Common Stock held by non-affiliates of the Company as of
      September 24, 2007: $0.




Number
      of
      shares of the registrant’s common stock outstanding as of September 24,
      2007:  100,000 shares of Common Stock shares




2





**TABLE
      OF CONTENTS**





**Part
                I**Item
                1.
            Description
                of Business.
            4Item
                2.
            Description
                of Property.
            5Item
                3.
            Legal
                Proceedings.
            5Item
                4.
            Submission
                of Matters to a Vote of Security Holders.
            6**Part
                II**Item
                5.
            Market
                for Common Equity and Related Stockholder Matters.
            7Item
                6.
            Management’s
                Discussion and Analysis or Plan of Operations.
            8Item
                7.
            Financial
                Statements.
            10Item
                8.
            Changes
                in and Disagreements With Accountants on Accounting and Financial
                Disclosure.
            11Item
                8A.
            Controls
                and Procedures.
            11Item
                8B.
            Other
                Information.
            11**Part
                III**Item
                9.
            Directors,
                Executive Officers, Promoters and Control Persons; Compliance with
                Section
                16(a) of the Exchange Act.
            11Item
                10.
            Executive
                Compensation.
            13Item
                11.
            Security
                Ownership of Certain Beneficial Owners and Management and Related
                Stockholder Matters.
            14Item
                12.
            Certain
                Relationships and Related Transactions.
            14Item
                13.
            Exhibits.
            15Item
                14.
            Principal
                Accountant Fees and Services.
            15**Signatures**
            
            15




3





*Except
      as otherwise required by the context, all references in this prospectus to
      "we",
      "us”, "our", “BMSTA”, or "Company" refer to the consolidated operations of
      Bedminster National Corp., a Nevada corporation, and its wholly owned
      subsidiaries.*




**Forward-Looking
      Statements and Associated Risks**




*The
      Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for
      certain forward-looking statements. Some of the statements contained in this
      annual report of the Company discuss future expectations, contain
      projections of our operations or financial condition or state other
      forward-looking information. Some statements contained in this annual report
      on
      Form 10-KSB that are not historical facts (including without limitation
      statements to the effect that we "believe," "expect," "anticipate," "plan,"
      "intend," "foresee," or other similar expressions) and are forward-looking
      statements. These forward-looking statements are based on our current
      expectations and beliefs concerning future developments and their potential
      effects on us. There can be no assurance that future developments affecting
      us
      will be those anticipated by us. All comments concerning our expectations for
      future revenue and operating results are based on our forecasts of our plan
      of
      operation and do not include the potential impact of any future acquisitions
      or
      operations. These forward-looking statements involve significant risks and
      uncertainties (some of which are beyond our control) and assumptions. Should
      one
      or more of these risks or uncertainties materialize, or should any of our
      assumptions prove incorrect, actual results may vary in material respects from
      those projected in the forward-looking statements.*




**PART
      I**


**Item
      1.**    **Description
      of Business.**




**General**




United
      Nations Trade Finance Securities Center (Hokkaido), Inc. was incorporated on
      June 14, 2006 under the laws of the State of Delaware to engage in any
      lawful corporate undertaking, including, but not limited to, selected mergers
      and acquisitions. We have been in the developmental stage since inception and
      have no operations to date other than issuing shares to our original
      shareholders.





We
      will
      attempt to locate and negotiate with a business entity for the combination
      of
      that target company with us. The combination will normally take the form of
      a
      merger, stock-for-stock exchange or stock-for-assets exchange. In most instances
      the target company will wish to structure the business combination to be within
      the definition of a tax-free reorganization under Section 351 or Section 368
      of
      the Internal Revenue Code of 1986, as amended. No assurances can be given that
      we will be successful in locating or negotiating with any target
      company.





We
      have
      been formed to provide a method for a foreign or domestic private company to
      become a reporting (“public”) company whose securities are qualified for trading
      in the United States secondary market.





PERCEIVED
      BENEFITS





There
      are
      certain perceived benefits to being a reporting company with a class of
      publicly-traded securities. These are commonly thought to include the
      following:





·
            the
                ability to use registered securities to make acquisitions of assets
                or
                businesses;





·
            increased
                visibility in the financial
                community;





·
            the
                facilitation of borrowing from financial
                institutions;





·
            improved
                trading efficiency;





·
            shareholder
                liquidity;





·
            greater
                ease in subsequently raising
                capital;





·
            compensation
                of key employees through stock options for which there may be a market
                valuation;





·
            enhanced
                corporate image;




4




·
              a
                  presence in the United States capital
                  market.
  POTENTIAL
        TARGET COMPANIES
 
 A
        business entity, if any, which may be interested in a business combination
        with
        us may include the following:
  ·
              a
                  company for which a primary purpose of becoming public is the use
                  of its
                  securities for the acquisition of assets or businesses;·
              a
                  company which is unable to find an underwriter of its securities
                  or is
                  unable to find an underwriter of securities on terms acceptable
                  to
                  it;·
              a
                  company which wishes to become public with less dilution of its
                  common
                  stock than would occur upon an underwriting;·
              a
                  company which believes that it will be able to obtain investment
                  capital
                  on more favorable terms after it has become public;·
              a
                  foreign company which may wish an initial entry into the United
                  States
                  securities market;·
              a
                  special situation company, such as a company seeking a public market
                  to
                  satisfy redemption requirements under a qualified Employee Stock
                  Option
                  Plan;·
              a
                  company seeking one or more of the other perceived benefits of
                  becoming a
                  public company.
  A
        business combination with a target company will normally involve the transfer
        to
        the target company of the majority of the issued and outstanding common stock
        of
        the Company, and the substitution by the target company of its own management
        and board of directors.
 
 No
        assurances can be given that we will be able to enter into a business
        combination, as to the terms of a business combination, or as to the nature
        of
        the target company.
  **Patent
        and Trademarks**
  We
        currently do not own any patents, trademarks or licenses of any kind and
        therefore we have no protected rights with respect to our consulting
        services.
  **Governmental
        Regulations**
  There
        are
        no governmental approvals necessary to conduct our current
        business.
 
 **Employees**
  We
        currently have no employees.
 
 **Subsequent
        Events**
 
 None
  **Item
        2.**    **Description
        of Property.**
  We
        do not
        own any real property and have no agreements to acquire any real property.
        During 2006, the company entered into a three year lease agreement for office
        space with a company related to its CEO for $418 per month. The space is
        at 350
        Madison Avenue, Suite 4304, New York, NY. We do not lease any other spaces.
  **Item
        3.**    **Legal
        Proceedings.**
  The
        Company is not a party to any pending or threatened legal
        proceedings.
  5
  **Item
        4.**    **** **Submission
        of Matters to a Vote of Security Holders.**
 
 None .
  6
 
 **PART
        II**
  **Item
        5.**    ****
 
 **Market
        for Common Equity and Related Stockholder Matters.**
  **Market
        Information**
 
 Our
        Common Stock is not yet quoted on any exchange. There
        is
        no trading market for our Common Stock at present and
 there
        has
        been no trading market to date. There is no assurance that a trading market
        will
        ever develop or, if such a market does develop, that it will
        continue.
 
 **Holders**
 
 As
        of
        September 24, 2007, in accordance with our transfer agent records, we
        had two record holder of our Common Stock, holding 100,000 shares.
 
 **Dividends**
 
 Holders
        of our common stock are entitled to receive dividends if, as and when declared
        by the Board of Directors out of funds legally available therefore. We have
        never declared or paid any dividends on our common stock. We intend to retain
        any future earnings for use in the operation and expansion of our business.
        Consequently, we do not anticipate paying any cash dividends on our common
        stock
        to our stockholders for the foreseeable future.
 
 **Recent
        Sales of Unregistered Securities**
  None .
  7
 
 **Item
        6.**    **Management’s
        Discussion and Analysis or Plan of Operations.**
 
 The
        following plan of operation provides information which management believes
        is
        relevant to an assessment and understanding of our results of operations
        and
        financial condition. The discussion should be read along with our financial
        statements and notes thereto. The following discussion and analysis contains
        forward-looking statements, which involve risks and uncertainties. Our actual
        results may differ significantly from the results, expectations and plans
        discussed in these forward-looking statements.
  **Plan
        of Operation**
 
 We
        are
        continuing our efforts to locate a merger candidate for the purpose of a
        merger.
        It is possible that we will be successful in locating such a merger candidate
        and closing such merger. However, if we cannot effect a non-cash acquisition,
        we
        may have to raise funds from a private offering of our securities under Rule
        506
        of Regulation D. There is no assurance we would obtain any such equity
        funding.
 
 **Results
        of Operation**
 
 We
        have
        not had any operating income since inception, June 14, 2006. For the year
        ended
        June 30, 2007, we incurred a net loss of $36,356. Expenses from inception
        were
        comprised of costs mainly associated with legal, accounting and office
        expense.
 
 **Liquidity
        and Capital Resources**
 
 At
        June
        30, 2007, we had no capital resources and will rely upon the issuance of
        common
        stock and additional capital contributions from shareholders to fund
        administrative expenses pending acquisition of an operating company. However,
        our shareholders are under no obligation to provide such funding.
 
 Management
        anticipates seeking out a target company through solicitation. Such solicitation
        may include newspaper or magazine advertisements, mailings and other
        distributions to law firms, accounting firms, investment bankers, financial
        advisors and similar persons, the use of one or more World Wide Web sites
        and
        similar methods. No estimate can be made as to the number of persons who
        will be
        contacted or solicited. Management may engage in such solicitation directly
        or
        may employ one or more other entities to conduct or assist in such solicitation.
        Management and its affiliates will pay referral fees to consultants and others
        who refer target businesses for mergers into public companies in which
        management and its affiliates have an interest. Payments are made if a business
        combination occurs, and may consist of cash or a portion of the stock in
        the
        Company retained by management and its affiliates, or both.
 
 As
        reflected in the accompanying financial statements, the Company is in the
        development stage with no operations and has a negative cash flow from
        operations of $37,668 from inception. This raises substantial doubt about
        its
        ability to continue as a going concern. The ability of the Company to continue
        as a going concern is dependent on the Company's ability to raise additional
        capital and implement its business plan. The financial statements do not
        include
        any adjustments that might be necessary if the Company is unable to continue
        as
        a going concern.
 
 Management
        believes that actions presently being taken to obtain additional equity
        financing and implement its strategic plans, which includes beginning
        operations, will provide us the opportunity to continue as a going concern.
        However, we presently have a working capital deficiency and therefore may
        not be
        able to continue operations for the next twelve months. As noted above, we
        will
        be dependent upon our shareholders to fund our operations over the next twelve
        months; however our shareholders are under no obligation to provide such
        funding.
 
 Lord
        Dr.
        Masaaki Ikawa will supervise the search for target companies as potential
        candidates for a business combination. Lord Dr. Masaaki Ikawa will pay, at
        his
        own expenses, any costs he incurs in supervising the search for a target
        company. Lord Dr. Masaaki Ikawa may enter into agreements with other consultants
        to assist in locating a target company and may share stock received by it
        or
        cash resulting from the sale of its securities with such other consultants.
        Lord
        Dr. Masaaki Ikawa controls us and therefore has the authority to enter into
        any
        agreement binding us. Lord Dr. Masaaki Ikawa as our sole officer, director
        and
        only shareholder can authorize any such agreement binding us.
 
 On
        October 4, 2006, we filed a Form 10SB-12G with the Securities and Exchange
        Commission (the “Commission”). On December 3, 2006, this form
        was deemed effective by the Commission. Accordingly, the Company is now
        required to comply with all the rules and regulations of the 1934 Exchange
        Act.
 
 Critical
        Accounting Policies
 
 We
        have
        identified the policies outlined below as critical to our business operations
        and an understanding of our results of operations. The list is not intended
        to
        be a comprehensive list of all of our accounting policies. In many cases,
        the
        accounting treatment of a particular transaction is specifically dictated
        by
        accounting principles generally accepted in the United States, with no need
        for
        management's judgment in their application.
 
 8
  The
        Company accounts for income taxes under the Statement of Financial Accounting
        Standards No. 109, “ *Accounting
        for Income Taxes* ”
(“SFAS
        109”). Under SFAS 109, deferred tax assets and liabilities are recognized for
        the future tax consequences attributable to differences between the financial
        statement carrying amounts of existing assets and liabilities and their
        respective tax bases. Deferred tax assets and liabilities are measured using
        enacted tax rates expected to apply to taxable income in the years in which
        those temporary differences are expected to be recovered or settled. Under
        SFAS
        109, the effect on deferred tax assets and liabilities of a change in tax
        rates
        is recognized in income in the period that includes the enactment
        date.
  Recent
        Pronouncements
 
 In
        February 2006, the FASB issued SFAS No. 155, " *Accounting
        for Certain Hybrid Financial Instruments-an amendment of FASB Statements
        No. 133
        and 140* ",
        to
        simplify and make more consistent the accounting for certain financial
        instruments. SFAS No. 155 amends SFAS No. 133, " *Accounting
        for Derivative Instruments and Hedging Activities* ",
        to
        permit fair value re-measurement for any hybrid financial instrument with
        an
        embedded derivative that otherwise would require bifurcation, provided that
        the
        whole instrument is accounted for on a fair value basis. SFAS No. 155 amends
        SFAS No. 140, " *Accounting
        for the Impairment or Disposal of Long-Lived Assets* ",
        to
        allow a qualifying special-purpose entity to hold a derivative financial
        instrument that pertains to a beneficial interest other than another derivative
        financial instrument. SFAS No. 155 applies to all financial instruments acquired
        or issued after the beginning of an entity's first fiscal year that begins
        after
        September 15, 2006, with earlier application allowed. The adoption of this
        statement is not expected to have a material effect on the Company's future
        reported financial position or results of operations.
 
 In
        March
        2006, the FASB issued SFAS No. 156, " *Accounting
        for Servicing of Financial Assets, an amendment of FASB Statement No. 140,
        Accounting for Transfers and Servicing of Financial Assets and Extinguishments
        of Liabilities* ".
        This
        statement requires all separately recognized servicing assets and servicing
        liabilities be initially measured at fair value, if practicable, and permits
        for
        subsequent measurement using either fair value measurement with changes in
        fair
        value reflected in earnings or the amortization and impairment requirements
        of
        Statement No. 140. The subsequent measurement of separately recognized servicing
        assets and servicing liabilities at fair value eliminates the necessity for
        entities that manage the risks inherent in servicing assets and servicing
        liabilities with derivatives to qualify for hedge accounting treatment and
        eliminates the characterization of declines in fair value as impairments
        or
        direct write-downs. SFAS No. 156 is effective for an entity's first fiscal
        year
        beginning after September 15, 2006. The adoption of this statement is not
        expected to have a material effect on the Company's future reported financial
        position or results of operations.
 
 In
        June
        2006, the FASB issued FASB Interpretation No. 48, *“Accounting
        for Uncertainty in Income Taxes, an interpretation of FASB Statements No.
        109”* .
        FIN 48
        clarifies the accounting for uncertainty in income taxes by prescribing a
        two-step method of first evaluating whether a tax position has met a more
        likely
        than not recognition threshold and second, measuring that tax position to
        determine the amount of benefit to be recognized in the financial statements.
        FIN 48 provides guidance on the presentation of such positions within a
        classified statement of financial position as well as on derecognition, interest
        and penalties, accounting in interim periods, disclosure, and transition.
        FIN 48
        is effective for fiscal years beginning after December 15, 2006. The adoption
        of
        this statement is not expected to have a material effect on the Company's
        future
        reported financial position or results of operations.
 
 In
        September 2006, the FASB issued SFAS No. 157, “ *Fair
        Value Measurements* ”.
        The
        objective of SFAS 157 is to increase consistency and comparability in fair
        value
        measurements and to expand disclosures about fair value measurements. SFAS
        157
        defines fair value, establishes a framework for measuring fair value in
        generally accepted accounting principles, and expands disclosures about fair
        value measurements. SFAS 157 applies under other accounting pronouncements
        that
        require or permit fair value measurements and does not require any new fair
        value measurements. The provisions of SFAS No. 157 are effective for fair
        value
        measurements made in fiscal years beginning after November 15, 2007. The
        adoption of this statement is not expected to have a material effect on the
        Company's future reported financial position or results of
        operations.
 
 In
        September 2006, the FASB issued SFAS No. 158, “ *Employers’
        Accounting for Defined Benefit Pension and Other Postretirement Plans – an
        amendment of FASB Statements No. 87, 88, 106, and 132(R)* ”.
        This
        statement requires employers to recognize the over-funded or under-funded
        status
        of a defined benefit postretirement plan (other than a multiemployer plan)
        as an
        asset or liability in its statement of financial position and to recognize
        changes in that funded status in the year in which the changes occur through
        comprehensive income of a business entity or changes in unrestricted net
        assets
        of a not-for-profit organization. This statement also requires an employer
        to
        measure the funded status of a plan as of the date of its year-end statement
        of
        financial position, with limited exceptions. The provisions of SFAS No. 158
        are
        effective for employers with publicly traded equity securities as of the
        end of
        the fiscal year ending after December 15, 2006. The adoption of this statement
        is not expected to have a material effect on the Company's future reported
        financial position or results of operations.
 
 In
        September 2006, the SEC issued Staff Accounting Bulletin (“SAB”) No. 108,
“ *Considering
        the Effects of Prior Year Misstatements when Quantifying Misstatements in
        Current Year Financial Statements* .”
SAB
        No. 108 addresses how the effects of prior year uncorrected misstatements
        should
        be considered when quantifying misstatements in current year financial
        statements. SAB No. 108 requires companies to quantify misstatements using
        a
        balance sheet and income statement approach and to evaluate whether either
        approach results in quantifying an error that is material in light of relevant
        quantitative and qualitative factors. SAB No. 108 is effective for period
        ending
        after November 15, 2006. The adoption of this statement did not have a material
        effect on the financial statements.
  9


In
      February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
      No.
      159, “ *The
      Fair Value Option for Financial Assets and Financial Liabilities - Including
      an
      Amendment of FASB Statement No. 115* ”.
      This
      statement permits entities to choose to measure many financial instruments
      and
      certain other items at fair value. Most of the provisions of SFAS No. 159 apply
      only to entities that elect the fair value option. However, the amendment to
      SFAS No. 115 “ *Accounting
      for Certain Investments in Debt and Equity Securities* ”
applies
      to all entities with available-for-sale and trading securities. SFAS No. 159
      is
      effective as of the beginning of an entity’s first fiscal year that begins after
      November 15, 2007. Early adoption is permitted as of the beginning of a fiscal
      year that begins on or before November 15, 2007, provided the entity also elects
      to apply the provision of SFAS No. 157, “ *Fair
      Value Measurements”.* The
      adoption of this statement is not expected to have a material effect on the
      Company's financial statements


**Item
        7.**    **Financial
        Statements.**
 10




**UNITED
      NATIONS TRADE FINANCE SECURITIES CENTER (HOKKAIDO), INC.**


**(A
      DEVELOPMENT STAGE COMPANY)**





**CONTENTS**





PAGE
            F-1
            REPORT
                OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMPAGE
            F-2
            BALANCE
                SHEET AS OF JUNE 30, 2007PAGE
            F-3
            STATEMENT
                OF OPERATIONS FOR THE YEARS ENDED JUNE 30, 2007 AND 2006 AND FROM
                JUNE 14,
                2006 (INCEPTION) TO JUNE 30, 2007.PAGE
            F-4
            STATEMENT
                OF CHANGES IN STOCKHOLDERS’ DEFICIENCY FOR THE PERIOD FROM JUNE 14, 2006
                (INCEPTION) TO JUNE 30, 2007PAGE
            F-5
            STATEMENT
                OF CASH FLOWS FOR THE YEARS ENDED JUNE 30, 2007 AND 2006 AND FROM
                JUNE 14,
                2006 (INCEPTION) TO JUNE 30, 2007.PAGES
            F-6
                - F-11
            NOTES
                TO FINANCIAL STATEMENTS









**REPORT
        OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**
 
 
 To
        the
        Board of Directors of:
 United
        Nations Trade Finance Securities Center
 (Hokkaido),
        Inc.
 (A
        Development Stage Company)
 
 We
        have
        audited the accompanying balance sheet of United Nations Trade Finance
        Securities Center (Hokkaido), Inc. (A Development Stage Company) as of June
        30,
        2007 and the related statements of operations, changes in shareholder’s equity
        and cash flows for the year ended June 30, 2007, for the period from June
        14,
        2006 (inception) to June 30, 2006 and for the period from June 14, 2006
        (inception) to June 30, 2007. These financial statements are the responsibility
        of the Company’s management. Our responsibility is to express an opinion on
        these financial statements based on our audit.
 
 We
        conducted our audit in accordance with the standards of the Public Company
        Accounting Oversight Board (United States). Those standards require that
        we 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. We believe that our audit provides a
        reasonable basis for our opinion.
 
 In
        our
        opinion, the financial statements referred to above present fairly in all
        material respects, the financial position of United Nations Trade Finance
        Securities Center (Hokkaido), Inc. (A Development Stage Company) as of June
        30,
        2007 and the results of its operations and its cash flows for the year ended
        June 30, 2007, for the period from June 14, 2006 (inception) to June 30,
        2006
        and for the period June 14, 2006 (inception) to June 30, 2007 in conformity
        with
        accounting principles generally accepted in the United States of
        America.
 
 The
        accompanying financial statements have been prepared assuming that the Company
        will continue as a going concern. As discussed in Note 5 to the financial
        statements, the Company is in the development stage with no operations, has
        a
        net loss from inception of $37,668, a working capital and stockholders’
deficiency of $16,340 and used cash in operations of $15,049 from inception.
        This raises substantial doubt about its ability to continue as a going concern.
        Management’s plans concerning this matter are also described in Note 5. The
        accompanying consolidated financial statements do not include any adjustments
        that might result from the outcome of this uncertainty.
 
 
 WEBB
        & COMPANY, P.A.
 
 
 Boynton
        Beach, Florida
 August
        28, 2007, Except for Note 6 to which the date is August 31, 2007


F-1




**United
        Trade Finance Securities Center (Hokkaido), Inc.**
 **(A
        Development Stage Company)**
 **Balance
        Sheet**
 **June
        30, 2007**
 
 **ASSET****Current
                  Assets**Cash
              
              
              19,016Due
                  from related party
              
              
              500**Total
                  Current Assets**
              
              
              19,516**Total
                  Assets**
              
              **$**
              **19,516****LIABILITIES
                  AND STOCKHOLDERS' DEFICIENCY****Current
                  Liabilities**Accounts
                  payable Accrued Expenses
              
              **$**
              1,291Loans
                  payable - related party
              
              
              34,565**Total
                  Liabilities**
              
              
              **35,856****Stockholders'
                  Deficiency**Preferred
                    stock, $0.001 par value; 50,000,000 shares authorized,none
                    issued and outstanding
              
              
              -Common
                  stock, $.001 par value; 100,000,000 shares authorized, 100,000 issued
                  and outstanding
              
              
              100Additional
                  paid-in capital
              
              
              21,328Subscription
                  Receivable
              
              
              (100
              )Deficit
                  accumulated during the development stage
              
              
              (37,668
              )**Total
                  Stockholders' Deficiency**
              
              
              **(16,340**
              **)****Total
                  Liabilities and Stockholders' Deficiency**
              
              **$**
              **19,516**
  See
        accompanying notes to financial statements
  F-2




**United
        Trade Finance Securities Center (Hokkaido), Inc.**
 **(A
        Development Stage Company)**
 **Statement
        of Operations**
 **For
        the Year Ended June 30, 2007 and For the Period from June 14, 2006(Inception)
        to
        June 30, 2006 and**
 **For
        the Period from June 14, 2006 (Inception) to June 30,
        2007**
 
 **Year
                  Ended**
                **June 30, 2007**
              
              **June 14, 2006
                  (Inception) to**
                **June 30, 2006**
              
              **June 14, 2006
                  (Inception) to**
                **June 30, 2007****Operating
                  Expenses**Professional
                  fees
              
              
              26,704
              
              
              -
              
              
              26,704General
                  and administrative
              
              
              8,361
              
              
              1,312
              
              
              9,673**Total
                  Operating Expenses**
              
              
              35,065
              
              
              1,312
              
              
              36,377**Loss
                  from Operations**
              
              
              35,065
              
              
              1,312
              
              
              36,377**Other
                  Expenses**Interest
                  Expense
              
              
              (1,291
              )
              
              -
              
              
              (1,291
              )**Total
                  Other Expenses**
              
              
              (1,291
              )
              
              -
              
              
              (1,291
              )**LOSS
                  FROM OPERATIONS BEFORE INCOME TAXES**
              
              
              (36,356
              )
              
              (1,312
              )
              
              (37,668
              )**Provision
                  for Income Taxes**
              
              
              -
              
              
              -
              
              
              -**NET
                  LOSS**
              
              
              **(36,356**
              **)**
              
              **(1,312**
              **)**
              
              **(37,668**
              **)****Net
                  Loss Per Share - Basic and Diluted**
              
              **$**
              **(0.36**
              **)**
              **$**
              **(0.01**
              **)**
              **$**
              **(0.38**
              **)****Weighted
                      average number of shares outstanding****during
                      the period - basic and diluted**
              
              
              **100,000**
              
              
              **100,000**
              
              
              **100,000**
  See
        accompanying notes to financial statements
  F-3




**United
        Trade Finance Securities Center (Hokkaido), Inc.**
 **(A
        Development Stage Company)**
 **Statement
        of Stockholders' Deficiency**
 **For
        the period from June 14, 2006 (Inception) to June 30,
        2007**
 
 Common stock
              
              Additional
                paid-in
                capital
              
              Deficit
                accumulated during
                development
                stage
              
              Subscription
                Receivable
              
              Total
                Stockholder's
                DeficiencyShares
              
              
              AmountBalance June
                  14, 2006
              
              
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -Common
                  stock issued for servics to founder ($0.001)
              
              
              100,000
              
              
              100
              
              
              
              
              
              
              
              
              (100
              )
              $
              -In-kind
                  contirubiton
              
              
              -
              
              
              -
              
              
              16,312
              
              
              -
              
              
              -
              
              
              16,312Net
                  loss for the period June 14, 2006 (inception) to June 30, 2006
              
              
              -
              
              
              -
              
              
              -
              
              
              (1,312
              )
              
              -
              
              
              (1,312
              )Balance,
                  June 30, 2006
              
              $
              100,000
              
              $
              100
              
              $
              16,312
              
              $
              (1,312
              )
              $
              (100
              )
              $
              15,000In-kind
                  contirubiton
              
              
              
              
              
              
              
              $
              5,016
              
              
              
              
              
              
              
              $
              5,016Net
                  loss for the year ended June 30, 2007
              
              
              
              
              
              
              
              
              
              
              
              (36,356
              )
              
              
              
              $
              (36,356
              )Balance,
                  June 30, 2007
              
              
              100,000
              
              
              100
              
              
              21,328
              
              
              (37,668
              )
              
              (100
              )
              $
              (16,340
              )
  See
          accompanying notes to financial statements
  F-4




**United
        Trade Finance Securities Center (Hokkaido), Inc.**
 **(A
        Development Stage Company)**
 **Statement
        of Cash Flows**
 **For
        the Year Ended June 30, 2007 and For the Period from June 14, 2006 to June
        30,
        2006 and**
 **For
        the Period from June 14, 2006 (inception) to June 30,
        2007**
 
 **Year EndedJune 30, 2007**
              
              **June 14, 2006(Inception) toJune
                  30, 2006**
              
              **June 14, 2006****(Inception) toJune 30, 2007****Cash
                  Flows From Operating Activities:**Net
                  Loss
              
              $
              (36,356
              )
              $
              (1,312
              )
              $
              (37,668
              )Adjustments
                  to reconcile net loss to net cash used in operationsIn-kind
                  contribution
              
              
              5,016
              
              
              -
              
              
              21,328Changes
                  in operating assets and liabilities:Accrued Interest Payable
              
              
              1,291
              
              
              -
              
              
              1,291Prepaid
                  Expenses
              
              
              15,000
              
              
              (15,000
              )Due
                  from related party
              
              
              (500
              )
              
              -
              
              
              -**Net
                  Cash Used In Operating Activities**
              
              
              **(15,549**
              **)**
              
              **(16,312**
              **)**
              
              **(15,049**
              **)****Cash
                  Flows From Financing Activities:**Loan
                  payable related party
              
              
              34,565
              
              
              -
              
              
              34,064In-kind
                  contribution of expenses
              
              
              
              
              
              16,312**Net
                  Cash Provided by Financing Activities**
              
              
              **34,565**
              
              
              **16,312**
              
              
              **34,064****Net
                  Increase in Cash**
              
              
              19,016
              
              
              -
              
              
              19,015Cash
                  at Beginning of Period
              
              
              -
              
              
              -
              
              
              -**Cash
                  at End of Period**
              
              **$**
              **19,016**
              
              **$**
              **-**
              
              **$**
              **19,015****Supplemental
                  disclosure of cash flow information:**Cash
                  paid for interest
              
              $
              -
              
              $
              -
              
              $
              -Cash
                  paid for taxes
              
              $
              -
              
              $
              -
              
              $
              -**Supplemental
                  disclosure of non-cash investing and financing
                  activities:**Stock
                  sold for subscription (100,000 shares)
              
              
              100
              
              
              100
              
              $
              100
 See accompanying notes to financial statements
 F-5




**UNITED
      NATIONS TRADE FINANCE SECURITIES CENTER (HOKKAIDO), INC.**


**(A
      DEVELOPMENT STAGE COMPANY)**


**NOTES
      TO FINANCIAL STATEMENTS**


**JUNE
      30, 2007**





**NOTE
      1** **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION**





***(A)
      Organization***





United
      Nations Trade Finance Securities Center (Hokkaido), Inc. (a development stage
      company) (the "Company") was incorporated under the laws of the State of
      Delaware on June 14, 2006. The Company was organized to merge with an emerging
      Japanese company.





Activities
      during the development stage include developing the business plan and raising
      capital.





***(B)
      Use of Estimates***





In
      preparing financial statements in conformity with generally accepted accounting
      principles, management is required to make estimates and assumptions that affect
      the reported amounts of assets and liabilities and the disclosure of contingent
      assets and liabilities at the date of the financial statements and revenues
      and
      expenses during the reported period. Actual results could differ from those
      estimates.





***(C)
      Cash and Cash Equivalents***





The
      Company considers all highly liquid temporary cash investments with an original
      maturity of three months or less to be cash equivalents. At June 30, 2007 the
      Company had cash of $19,016.





***(D)
      Loss Per Share***





Basic
      and
      diluted net loss per common share is computed based upon the weighted average
      common shares outstanding as defined by Financial Accounting Standards No.
      128,
“Earnings Per Share.” As of June 30, 2007 there were no common share equivalents
      outstanding.





***(E)
      Income Taxes***





The
      Company accounts for income taxes under the Statement of Financial Accounting
      Standards No. 109, “ *Accounting
      for Income Taxes* ”
(“SFAS
      109”). Under SFAS 109, deferred tax assets and liabilities are recognized for
      the future tax consequences attributable to differences between the financial
      statement carrying amounts of existing assets and liabilities and their
      respective tax bases. Deferred tax assets and liabilities are measured using
      enacted tax rates expected to apply to taxable income in the years in which
      those temporary differences are expected to be recovered or settled. Under
      SFAS
      109, the effect on deferred tax assets and liabilities of a change in tax rates
      is recognized in income in the period that includes the enactment date. As
      of
      June 30, 2007, the Company has a net operating loss carryforward of
      approximately $37,274 available to offset future taxable income through 2027.
      The valuation allowance at June 30, 2007 was $12,673. The net change in the
      valuation allowance for the period ended June 30, 2007 was an increase of
      $12,227.


F-6





**UNITED
      NATIONS TRADE FINANCE SECURITIES CENTER (HOKKAIDO), INC.**


**(A
      DEVELOPMENT STAGE COMPANY)**


**NOTES
      TO FINANCIAL STATEMENTS**


**JUNE
      30, 2007**





***(F)
      Business Segments***





The
      Company operates in one segment and therefore segment information is not
      presented.





***(G)
      Revenue Recognition***





The
      Company recognized revenue on arrangements in accordance with Securities and
      Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in
      Financial Statements” and No. 104, “Revenue Recognition”. In all cases, revenue
      is recognized only when the price is fixed and determinable, persuasive evidence
      of an arrangement exists, the service is performed and collectability of the
      resulting receivable is reasonably assured.





***(H)
      Recent Accounting Pronouncements***





In
      February 2006, the FASB issued SFAS No. 155, " *Accounting
      for Certain Hybrid Financial Instruments-an amendment of FASB Statements No.
      133
      and 140* ",
      to
      simplify and make more consistent the accounting for certain financial
      instruments. SFAS No. 155 amends SFAS No. 133, " *Accounting
      for Derivative Instruments and Hedging Activities* ",
      to
      permit fair value re-measurement for any hybrid financial instrument with an
      embedded derivative that otherwise would require bifurcation, provided that
      the
      whole instrument is accounted for on a fair value basis. SFAS No. 155 amends
      SFAS No. 140, " *Accounting
      for the Impairment or Disposal of Long-Lived Assets* ",
      to
      allow a qualifying special-purpose entity to hold a derivative financial
      instrument that pertains to a beneficial interest other than another derivative
      financial instrument. SFAS No. 155 applies to all financial instruments acquired
      or issued after the beginning of an entity's first fiscal year that begins
      after
      September 15, 2006, with earlier application allowed. The adoption of this
      statement is not expected to have a material effect on the Company's future
      reported financial position or results of operations.





In
      March
      2006, the FASB issued SFAS No. 156, " *Accounting
      for Servicing of Financial Assets, an amendment of FASB Statement No. 140,
      Accounting for Transfers and Servicing of Financial Assets and Extinguishments
      of Liabilities* ".
      This
      statement requires all separately recognized servicing assets and servicing
      liabilities be initially measured at fair value, if practicable, and permits
      for
      subsequent measurement using either fair value measurement with changes in
      fair
      value reflected in earnings or the amortization and impairment requirements
      of
      Statement No. 140. The subsequent measurement of separately recognized servicing
      assets and servicing liabilities at fair value eliminates the necessity for
      entities that manage the risks inherent in servicing assets and servicing
      liabilities with derivatives to qualify for hedge accounting treatment and
      eliminates the characterization of declines in fair value as impairments or
      direct write-downs. SFAS No. 156 is effective for an entity's first fiscal
      year
      beginning after September 15, 2006. The adoption of this statement is not
      expected to have a material effect on the Company's future reported financial
      position or results of operations.


F-7





**UNITED
      NATIONS TRADE FINANCE SECURITIES CENTER (HOKKAIDO), INC.**


**(A
      DEVELOPMENT STAGE COMPANY)**


**NOTES
      TO FINANCIAL STATEMENTS**


**JUNE
      30, 2007**





In
      June
      2006, the FASB issued FASB Interpretation No. 48, *“Accounting
      for Uncertainty in Income Taxes, an interpretation of FASB Statements No.
      109”* .
      FIN 48
      clarifies the accounting for uncertainty in income taxes by prescribing a
      two-step method of first evaluating whether a tax position has met a more likely
      than not recognition threshold and second, measuring that tax position to
      determine the amount of benefit to be recognized in the financial statements.
      FIN 48 provides guidance on the presentation of such positions within a
      classified statement of financial position as well as on derecognition, interest
      and penalties, accounting in interim periods, disclosure, and transition. FIN
      48
      is effective for fiscal years beginning after December 15, 2006. The adoption
      of
      this statement is not expected to have a material effect on the Company's future
      reported financial position or results of operations.





In
      September 2006, the FASB issued SFAS No. 157, “ *Fair
      Value Measurements* ”.
      The
      objective of SFAS 157 is to increase consistency and comparability in fair
      value
      measurements and to expand disclosures about fair value measurements. SFAS
      157
      defines fair value, establishes a framework for measuring fair value in
      generally accepted accounting principles, and expands disclosures about fair
      value measurements. SFAS 157 applies under other accounting pronouncements
      that
      require or permit fair value measurements and does not require any new fair
      value measurements. The provisions of SFAS No. 157 are effective for fair value
      measurements made in fiscal years beginning after November 15, 2007. The
      adoption of this statement is not expected to have a material effect on the
      Company's future reported financial position or results of
      operations.





In
      September 2006, the FASB issued SFAS No. 158, “ *Employers’
      Accounting for Defined Benefit Pension and Other Postretirement Plans - an
      amendment of FASB Statements No. 87, 88, 106, and 132(R)* ”.
      This
      statement requires employers to recognize the over-funded or under-funded status
      of a defined benefit postretirement plan (other than a multiemployer plan)
      as an
      asset or liability in its statement of financial position and to recognize
      changes in that funded status in the year in which the changes occur through
      comprehensive income of a business entity or changes in unrestricted net assets
      of a not-for-profit organization. This statement also requires an employer
      to
      measure the funded status of a plan as of the date of its year-end statement
      of
      financial position, with limited exceptions. The provisions of SFAS No. 158
      are
      effective for employers with publicly traded equity securities as of the end
      of
      the fiscal year ending after December 15, 2006. The adoption of this statement
      is not expected to have a material effect on the Company's future reported
      financial position or results of operations.


F-8





**UNITED
      NATIONS TRADE FINANCE SECURITIES CENTER (HOKKAIDO), INC.**


**(A
      DEVELOPMENT STAGE COMPANY)**


**NOTES
      TO FINANCIAL STATEMENTS**


**JUNE
      30, 2007**





In
      September 2006, the SEC issued Staff Accounting Bulletin (“SAB”) No. 108,
“ *Considering
      the Effects of Prior Year Misstatements when Quantifying Misstatements in
      Current Year Financial Statements* .”
SAB
      No. 108 addresses how the effects of prior year uncorrected misstatements should
      be considered when quantifying misstatements in current year financial
      statements. SAB No. 108 requires companies to quantify misstatements using
      a
      balance sheet and income statement approach and to evaluate whether either
      approach results in quantifying an error that is material in light of relevant
      quantitative and qualitative factors. SAB No. 108 is effective for period ending
      after November 15, 2006. The adoption of this statement did not have an
      effect on the financial statements.





In
      February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
      No.
      159, “ *The
      Fair Value Option for Financial Assets and Financial Liabilities - Including
      an
      Amendment of FASB Statement No. 115* ”.
      This
      statement permits entities to choose to measure many financial instruments
      and
      certain other items at fair value. Most of the provisions of SFAS No. 159 apply
      only to entities that elect the fair value option. However, the amendment to
      SFAS No. 115 “ *Accounting
      for Certain Investments in Debt and Equity Securities* ”
applies
      to all entities with available-for-sale and trading securities. SFAS No. 159
      is
      effective as of the beginning of an entity’s first fiscal year that begins after
      November 15, 2007. Early adoption is permitted as of the beginning of a fiscal
      year that begins on or before November 15, 2007, provided the entity also elects
      to apply the provision of SFAS No. 157, “ *Fair
      Value Measurements”.* The
      adoption of this statement is not expected to have a material effect on the
      Company's financial statements.





**NOTE
      2** **STOCKHOLDERS’
      DEFICIENCY**





***(A)
      Common Stock Issued for Subscription Receivable***





During
      2006, the Company issued 100,000 shares of common stock for a subscription
      receivable of $100.





***(B)
      In-Kind Contribution***





As
      of
      June 30, 2007 the sole shareholder of the Company paid $5,016 of operating
      expenses on behalf of the Company. (See Note 3).





During
      2006, the sole shareholder of the Company paid $16,312 of operating expenses
      on
      behalf of the Company. A portion of the payment was charged to the statement
      of
      operations and the reminder to prepaid expenses to cover legal and accounting
      fees to be incurred in the future (See Note 3).


F-9





**UNITED
      NATIONS TRADE FINANCE SECURITIES CENTER (HOKKAIDO), INC.**


**(A
      DEVELOPMENT STAGE COMPANY)**


**NOTES
      TO FINANCIAL STATEMENTS**


**JUNE
      30, 2007**





**NOTE
      3** **RELATED
      PARTY TRANSACTIONS**




During
      the year ended June 30, 2007, the Company received $34,565 from a principal
      stockholder. Pursuant to the terms of the loan, the advance bears interest
      at
      4.5%, is unsecured and matures on August 31, 2007. At June 30, 2007, the Company
      had recorded $1,291 of related accrued interest payable (See Note
      6).





During
      the year ended June 30, 2007, the Company paid $500 of expenses on behalf of
      the
      related party.





The
      shareholder of the Company contributed $21,328 for expenses on behalf of the
      Company (See Note 2 (B)).





During
      2006, the company entered into a three year lease agreement for office space
      with a company related to its CEO.





**NOTE
      4** **COMMITMENTS**





During
      2006, the Company entered into a lease agreement with a related party for a
      period of three years at a monthly cost of $418.





Future
      minimum lease payments under the operating lease at June 30, 2007 consist of
      the
      following:





Year
            
            Amount2007
            
            $
            5,0162008
            
            
            5,0162009
            
            
            4,598$
            14,630





**NOTE** **5** **GOING
      CONCERN**





As
      reflected in the accompanying financial statements, the Company is in the
      development stage with no operations and has a net loss since inception of
      $37,667 and used cash in operations of $15,549 for the period from June 14,
      2006
      (inception) to June 30, 2007. This raises substantial doubt about its ability
      to
      continue as a going concern. The ability of the Company to continue as a going
      concern is dependent on the Company’s ability to raise additional capital and
      implement its business plan. The financial statements do not include any
      adjustments that might be necessary if the Company is unable to continue as
      a
      going concern.


F-10





**UNITED
      NATIONS TRADE FINANCE SECURITIES CENTER (HOKKAIDO), INC.**


**(A
      DEVELOPMENT STAGE COMPANY)**


**NOTES
      TO FINANCIAL STATEMENTS**


**JUNE
      30, 2007**





Management
      believes that actions presently being taken to obtain additional funding and
      implement its strategic plans provide the opportunity for the Company to
      continue as a going concern.




**NOTE 6SUBSEQUENT
        EVENTS**
  In
        August 2007, the note holders extended the notes
        for an additional one year period with the same terms and conditions (See
        Note
        3).




F-11




**Item
      8.**    **Changes
      In and Disagreements With Accountants on Accounting and Financial
      Disclosure.**





None.




**Item
      8A.**    **Controls
      and Procedures.**





**Evaluation
      of Disclosure Controls and Procedures**





Under
      the
      supervision and with the participation of our management, including our
      principal executive officer and principal financial officer, we conducted an
      evaluation of our disclosure controls and procedures, as such term is defined
      under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
      Exchange Act of 1934, as amended (Exchange Act), as of June 30, 2007. Based
      on
      this evaluation, our principal executive officer and principal financial officer
      have concluded that our disclosure controls and procedures are effective to
      ensure that information required to be disclosed by us in the reports we file
      or
      submit under the Exchange Act is recorded, processed, summarized, and reported
      within the time periods specified in the Securities and Exchange Commission's
      rules and forms and that our disclosure and controls are designed to ensure
      that
      information required to be disclosed by us in the reports that we file or submit
      under the Exchange Act is accumulated and communicated to our management,
      including our principal executive officer and principal financial officer,
      or
      persons performing similar functions, as appropriate to allow timely decisions
      regarding required disclosure.





**Changes
      in Internal Controls**





There
      were no changes (including corrective actions with regard to significant
      deficiencies or material weaknesses) in our internal controls over financial
      reporting that occurred during the fourth quarter of fiscal 2007 that have
      materially affected, or are reasonably likely to materially affect, our internal
      control over financial reporting.




**Item
      8B.**    **Other
      Information.**




None.




**PART
      III**




**Item
      9.**    **Directors,
      Executive Officers, Promoters and Control Persons; Compliance with Section
      16(a)
      of the Exchange Act.**




We
      have
      two Directors and Officers as follows:





Name
            
            Age
            
            Positions
                and Offices HeldLord
                Dr. Masaaki Ikawa
            
            79
            
            President/Chief
                Executive Officer/DirectorMr. Nobuo
                Ikawa
            
            30
            
            Secretary/Director





There
      are
      no agreements or understandings for the officer or director to resign at the
      request of another person and the above-named officer and director is not acting
      on behalf of nor will act at the direction of any other person.




11




Set
      forth
      below is the name of our director and officer, all positions and offices with
      the Company held, the period during which he has served as such, and the
      business experience during at least the last five years:





Lord
      Dr. Masaaki Ikawa is the President, Chief Executive Officer, Chief
      Financial Officer and a member of the Board of Directors of United Nations
      Trade
      Finance Securities Center (Hokkaido), Inc. He is also the President, Chief
      Executive Officer, Chief Financial Officer and a member of the Board of
      Directors of Caibs International Holding Inc., which purchased 100,000 shares
      of
      51141, Inc., a blank check company, Issued and outstanding common stock from
      Scott Raleigh, the sole officer, Director and shareholder of the company on
      November 23, 2005, pursuant to the terms of a Stock Purchase Agreement. Since
      such time Dr. Ikawa has managed all day to day operations of the entity.
      Dr. Ikawa is also the Chairman and President of Asia United Nation
      Development Authority Inc. (“Asia UND”), based in Okinawa, Japan. Asia UND is a
      group of six companies with business operations in the areas of trading,
      technology, finance and real estate development in Asia, specifically Japan.
      In
      1950 Dr. Ikawa graduated from Waseda University in Tokyo. In 1957, he
      graduated from Harvard Business School. He also received a Doctorate In Business
      Administration from Oxford University in 1962. Other than Caibs International
      Holding and Asia UND, Dr. Ikawa has never been an Officer or a Director of
      any company in Japan or the United States.





Mr. Nobuo
      Ikawa is the Secretary and a member of the Board of Directors of United Nations
      Trade Finance Securities Center (Hokkaido), Inc. He is also a Vice President
      of
      in Caibs International Holding, Inc. He has experience in International business
      development with Aunda Group, working specifically to help identify worldwide
      emerging markets. He has also performed work in the Education sector for the
      Australian government. Mr. Ikawa has a Bachelor’s Degree In Economics and a
      Master’s Degree in Business Administration from the University Of
      Canberra.





**Term
      of Office**




Our
      directors are appointed for a one-year term to hold office until the next annual
      general meeting of our shareholders or until removed from office in accordance
      with our bylaws. Our officers are appointed by our board of directors and hold
      office until removed by the board.





**Significant
      Employees**





None.





**Family
      Relationships**





Lord
      Dr.
      Masaaki Ikawa, our President and CEO, is the father of our director and
      Secretary, Nubuo Ikawa.





**Involvement
      in Certain Legal Proceedings**




To
      our
      knowledge, during the past five years, none of our directors, executive
      officers, promoters, control persons, or nominees has been:




•
            the
                subject of any bankruptcy petition filed by or against any business
                of
                which such person was a general partner or executive officer either
                at the
                time of the bankruptcy or within two years prior to that time;





•
            convicted
                in a criminal proceeding or is subject to a pending criminal proceeding
                (excluding traffic violations and other minor offenses);





•
            subject
                to any order, judgment, or decree, not subsequently reversed, suspended
                or
                vacated, of any court of competent jurisdiction, permanently or
                temporarily enjoining, barring, suspending or otherwise limiting
                his
                involvement in any type of business, securities or banking activities;
                or





•
            found
                by a court of competent jurisdiction (in a civil action), the Commission
                or the Commodity Futures Trading Commission to have violated a federal
                or
                state securities or commodities law.





**Code
      of Ethics**





We
      have
      not yet adopted a Code of Ethics.




12




**Compliance
      with Section 16(a) of the Exchange Act**




Section
      16(a) of the Securities Exchange Act of 1934 requires the Company's officers
      and
      directors, and persons who own more than 10 percent of a registered class of
      the
      Company's equity securities, to file reports of ownership and changes in
      ownership with the Securities and Exchange Commission (SEC). Officers,
      directors, and greater than 10 percent stockholders are required by SEC
      regulation to furnish the Company with copies of all Section 16(a) forms they
      file.





To
      the
      Company's knowledge, based solely on a review of the copies of such reports
      furnished to the Company, all reports under Section 16(a) required to be filed
      by its officers and directors and greater than ten percent beneficial owners
      were timely filed as of the date of this filing.




**Item
      10.**    **Executive
      Compensation.**




**Compensation
      of Executive Officers**




The
      following summary compensation table sets forth all compensation awarded to,
      earned by, or paid to the named executive officers paid by us during the fiscal
      years ended June 30, 2007 and 2006 in all capacities for the accounts of our
      executives, including the Chief Executive Officer (CEO) and Chief Financial
      Officer (CFO):





**SUMMARY
      COMPENSATION TABLE**





**Name
                and**
              **Principal
                Position**
            
            **Year**
            
            **Salary**
              **($)**
            
            **Bonus**
              **($)**
            
            **Stock**
              **Awards**
              **($)**
            
            **Option**
              **Awards**
              **($)**
            
            **Non-Equity**
              **Incentive**
              **Plan**
              **Compensation**
              **($)**
            
            **Non-**
              **Qualified**
              **Deferred**
              **Compensation**
              **Earnings**
              **($)**
            
            **All Other**
              **Compensation**
              **($)**
            
            **Totals**
              **($)****Lord
                Dr. Masaaki Ikawa**President,
                Chief
            
            
            2007
            
            $
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            (0
            )
            $
            0Executive
                Officer,
            
            
            2006
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            (0
            )
            
            0Chief
                Financial Officer**Nubuo
              Ikawa**
            
            
            2007
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0Secretary
              and
              Director
            
            
            2006
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0





**Outstanding
      Equity Awards at Fiscal Year-End Table.** There
      were no individual grants of stock options to purchase our common stock made
      to
      the named executive officers in the Summary Compensation Table during the fiscal
      year ended June 30, 2007 and the subsequent period up to the date of the filing
      of this prospectus.




**Employment
      Agreements**




None.




13




**Compensation
      of Directors**




For
      the
      fiscal year ended June 30, 2007, we did not compensate our directors for their
      services.




**Item
      11.**    **Security
      Ownership of Certain Beneficial Owners and Management and Related Stockholder
      Matters.**




The
      following table sets forth certain information regarding the ownership of our
      capital stock, as of June 30, 2007, for: (i) each director; (ii) each person
      who
      is known to us to be the beneficial owner of more than 5%of our outstanding
      common stock; (iii) each of our executive officers named in the Summary
      Compensation Table; and (iv) all of our current executive officers and directors
      of as a group. Except as otherwise indicated in the footnotes, all information
      with respect to share ownership and voting and investment power has been
      furnished to us by the persons listed. Except as otherwise indicated in the
      footnotes, each person listed has sole voting power with respect to the shares
      shown as beneficially owned.




The
      following table sets forth each person known by us to be the beneficial owner
      of
      five percent or more of the Company’s Common Stock, all directors individually
      and all directors and officers of the Company as a group. Except as noted,
      each
      person has sole voting and investment power with respect to the shares
      shown.




Name
                  and Address of Beneficial Owner
              
              Amount of
                Beneficial
                Ownership
              
              Percentage
                of ClassLord
                  Dr. Masaaki Ikawa
              
              
              50,000
              
              
              50
              %350
                  Fifth Avenue Suite 4304New
                  York, New York 10118Mr. Nobuo
                  Ikawa
              
              
              50,000
              
              
              50
              %350
                  Fifth Avenue Suite 4304New
                  York, New York 10118All
                  Executive Officers
              
              
              100,000
              
              
              100
              %and
                  Directors as a Group(2
                  People)




(1) The
      person listed is an officer and/or director of the Company and the address
      for
      each beneficial owner is 350
      Fifth
      Avenue, Suite 4304, New York, NY 10022.





(2) Based on
      100,000 shares of Common Stock issued and outstanding September 24,
      2007.




**Item
      12.**    **Certain
      Relationships and Related Transactions.**




During
      the year ended June 30, 2007, the Company
      received $34,565 from a principal stockholder. Pursuant to the terms of the
      loan, the advance bears interest at 4.5%, is unsecured and matures on August
      31,
      2007. At June 30, 2007, the Company had recorded $1,291 of related accrued
      interest payable. In August 2007, the note holders extended the notes for an
      additional one year period with the same terms and conditions (See Note
      3).




During
      the year ended June 30, 2007, the Company paid $500 of expenses on behalf of
      the
      related party.





The
      shareholder of the Company contributed $21,328 for expenses on behalf of the
      Company (See Note 2 (B)).




During
      2006, the company entered into a three year lease agreement for office space
      with a company related to its CEO. The lease payments are $418 per
      month.




14





**Item
      13.**    **Exhibits.**





**Exhibit No.**
            
            **Title
                of Document**
            
            **Location**3.1.1
            
            Articles
                of Incorporation
            
            Filed
                as an exhibit to the 10SB filed October 4, 20063.2
            
            Bylaws
            
            Filed
                as an exhibit to the 10SB filed October 4, 200631.1
            
            Certification
                of Chief Executive Officer Pursuant to Rule 13a-14(a) of the
                Securities Exchange Act of 1934
            
            Filed
                herewith32.1
            
            Certification
                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
                adopted
                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
            
            Filed
                herewith




**Item
      14.**    **Principal
      Accounting Fees and Services.**




**Audit
      Fees**




For
      our fiscal year ended June 30, 2007 and 2006, we were billed approximately
      $9,700, and $0 for professional services rendered for the audit and reviews
      of our financial statements.




**Tax
      Fees**




For
      our
      fiscal years ended June 30, 2007 and 2006, we were not billed for professional
      services rendered for tax compliance, tax advice, and tax planning.




**All
      Other Fees**




The
      Company did not incur any other fees related to services rendered by our
      principal accountant for the fiscal year ended June 30, 2007 and
      2006.





**SIGNATURES**




In
      accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
      this report to be signed on its behalf by the undersigned, thereunto duly
      authorized.




**UNITED
                NATIONS SECURITIES ASSOCIATION, INC.**By:
            */**s/**Lord
                Dr. Masaaki Ikawa*Lord
                Dr. Masaaki IkawaPresident,
                Chief Executive Officer,
              Chief
                Financial OfficerDate:
            September
                24 , 2007





In
      accordance with the Exchange Act, this report has been signed below by the
      following persons on behalf of the registrant and in the capacities and on
      the
      dates indicated.





**Name**
            
            **Title**
            
            **Date***/s/**Lord
                Dr. Masaaki Ikawa*
            
            President,
                Chief Executive Officer,
            
            September
                24, 2007Lord
                Dr. Masaaki Ikawa
            
            Chief
                Financial Officer




15