UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                 Washington, D.C. 20549
                        FORM 10-QSB

[X] Quarterly Report under Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly period ended June 30, 2005.

[ ] Transition report under Section 13 or 15(d) of the Exchange Act
For the transition period from ---- to -----

             Commission File Number: 0-49725

            Crafty Admiral Enterprises, Ltd.
   --------------------------------------------------
  (Exact name of registrant as specified in its charter)

       Nevada                            88-0455809
--------------------------------      ------------------
(State or other jurisdiction          (I.R.S. Employer
of incorporation or organization      Identification No.)


  Suite 601 - 1383 Marinaside Crescent
       Vancouver, BC, Canada                       V6Z 2W9
-----------------------------------------------    -------
(Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code: (604) 612-4847


------------------------------------------------------------------
Former Name, Address and Fiscal Year, if Changed Since Last Report

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

The number of shares outstanding of the registrant's common stock as
of June 30, 2005 was 21,000,000. Registrant's original registration
statement on Form 10-SB and all exhibits thereto, filed under SEC
File Number 0-49725, are incorporated herein by reference.

                                1

<PAGE>

PART I

Financial Information
---------------------

Item 1.  Financial Information

The consolidated financial statements for Crafty Admiral Enterprises,
Ltd. (the Company) included herein are unaudited but reflect, in
management's opinion, all adjustments, consisting only of normal
recurring adjustments, that are necessary for a fair presentation
of the Company's financial position and the results of its operations
for the interim periods presented.  Because of the nature of the
Company's business, the results of operations for the three and six
months ended June 30, 2005 are not necessarily indicative of the
results that may be expected for the full fiscal year.  The financial
statements included herein should be read in conjunction with the
audited financial statements and notes thereto included in our
Form 10K-SB for the year ended December 31, 2004.























                                  2
<PAGE>


<TABLE><CAPTION>
                       Crafty Admiral Enterprises, Ltd.
                        (A Development Stage Company)
                              Balance Sheets


                                          June 30     December 31
                                             2005          2004
                                         (Unaudited)    (Audited)
                                          ---------     --------
<S>                                           <C>          <C>
Assets
------

Current
-------
Cash and cash equivalents                  $  5,874     $  9,869
                                           ========     ========

Liabilities
-----------

Current
-------
Accounts payable and accrued
 liabilities (Note 3)                         2,921           -
Officer advances (Note 3)                     2,298        2,298
                                           --------     --------
                                              5,219        2,298
                                           --------     --------

Stockholders' equity
--------------------
Capital stock (Note 4)

  Authorized
   30 June 2005 - 50,000,000 of
   common shares, par value $.001)
  Issued and outstanding
   21,000,000 common shares                  21,000      21,000

Additional Paid-In-Capital                   29,000      29,000

Deficit, accumulated during the
 development stage                          (49,345)    (42,429)
                                           --------     -------
                                                655       7,571
                                           --------     -------
                                              5,874       9,869
                                           ========     =======
</TABLE>

Nature and Continuance of Operations (Note 1)

The accompanying notes are an integral part of these financial statements.

                               3
<PAGE>

<TABLE><CAPTION>

                  Crafty Admiral Enterprises, Ltd.
                   (A Development Stage Company)
                    Statements of Operations
                           (Unaudited)


                                                                                               For the
                                                                                             period from
                                   For the      For the        For the        For the        the date of
                                 Three Month   Three Month    Six Month      Six Month       inception on
                                 Period Ended  Period Ended  Period Ended   Period Ended   6 March 2000 to
                                June 30, 2005 June 30, 2004  June 30, 2005  June 30, 2004   June 30, 2005
                                ------------- -------------  -------------  -------------  ---------------
<S>                                 <C>           <c>            <c>              <c>               <c>
Revenues:
---------
Revenues                         $              $      -       $     -        $      -       $        -
                                ------------- -------------  -------------  -------------  ---------------
Expenses:
---------
Operating                                 44           67            45             200           14,253
Professional Fees                      4,779            -         6,871           2,748           35,092
                                ------------- -------------  -------------  -------------  ---------------
Loss for the period                   (4,823)         (67)       (6,916)         (2,948)         (49,345)
                                ============= =============  =============  =============  ===============


Basic and diluted earnings
per common share                       (0.00)       (0.00)        (0.00)          (0.00)
                                ------------- -------------  -------------  -------------

Weighted average number of
common shares used in per
share calculations                21,000,000   21,000,000     21,000,000     21,000,000
                                ------------- -------------  -------------  -------------


</TABLE>











The accompanying notes are an integral part of these financial statements.


                                      4

<PAGE>


<TABLE><CAPTION>

                          Crafty Admiral Enterprises, Ltd.
                           (A Development Stage Company)
                             Statements of Cash Flows
                                   (Unaudited)


                                                                                               For the
                                                                                             period from
                                   For the      For the        For the        For the        the date of
                                 Three Month   Three Month    Six Month      Six Month       inception on
                                 Period Ended  Period Ended  Period Ended   Period Ended   6 March 2000 to
                                June 30, 2005 June 30, 2004  June 30, 2005  June 30, 2004   June 30, 2005
                                ------------- -------------  -------------  -------------  ---------------
<S>                                 <C>           <c>            <c>              <c>               <c>
Cash Flows from
Operating Activities:
---------------------
Loss for the period             $   (4,823)     $     (67)     $ (6,916)     $   (2,948)     $  (49,345)

Changes in operating
assets and liabilities:
 Increase (decrease) in
 accounts payable and
 accrued liabilities                 1,978              -         2,921              -            2,921
                                ------------- -------------  -------------  -------------  ---------------
                                    (2,845)           (67)       (3,995)         (2,948)        (46,424)
                                ------------- -------------  -------------  -------------  ---------------
Cash Flows from
Financing Activities:
--------------------
Shareholder advance                      -              -             -               -           2,298
Proceeds from sale of stock              -              -             -               -          50,000
                                ------------- -------------  -------------  -------------  ---------------
                                         -              -             -               -          52,298
                                ------------- -------------  -------------  -------------  ---------------

Decrease in cash and
 cash equivalents                   (2,845)           (67)       (3,995)         (2,948)          5,874


Cash and cash equivalents,
 beginning of period                 8,719         13,439         9,869          16,320               -
                                ------------- -------------  -------------  -------------  ---------------

Cash and cash equivalents,
end of period                        5,874         13,372         5,874          13,372           5,874
                                ============= =============  =============  =============  ===============


Supplemental Disclosures with
Respect to Cash Flows (Note 6)

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


                                  6
<PAGE>

                     CRAFTY ADMIRAL ENTERPRISES, LTD.
                     (A Development Stage Enterprise)
                      Notes to Financial Statements
                             June 30, 2005
                              (Unaudited)

1. Nature and Continuance of Operations

Crafty Admiral Enterprises, Ltd. (the "Company") is a development stage
enterprise, as defined in Financial Accounting Standards Board No. 7
and Reporting by Development Stage Enterprises.  The Company is
devoting all of its present efforts in securing and establishing a new
business, and its planned principal operations have not commenced, and,
accordingly, no revenue has been derived during the organization period.

The Company's financial statements as at 30 June 2005 and for each of
the three month and six month periods then ended have been prepared on
a going concern basis, which contemplates the realization of assets and
the settlement of liabilities and commitments in the normal course of
business.  The Company has a loss of $6,916 for the six month period
ended 30 June 2005 (30 June 2004-$2,948) and has working capital of
$655 at 30 June 2005 (31 December 2004-$7,571).

Management cannot provide assurance that the Company will ultimately
achieve profitable operations or become cash flow positive, or raise
additional debt and/or equity capital.  However, based on its prior
demonstrated ability to raise capital, management believes that the
Company's capital resources should be adequate to continue operating
and maintaining its business strategy during the fiscal year ending
31 December 2005.  However, if the Company is unable to raise
additional capital in the near future, due to the Company's liquidity
problems, management expects that the Company will need to curtail
operations, liquidate assets, seek additional capital on less
favourable terms and/or pursue other remedial measures.  These
financial statements do not include any adjustments related to the
recoverability and classification of assets or the amounts and
classification of liabilities that might be necessary should the
Company be unable to continue as a going concern.

At 30 June 2005, the Company was not currently engaged in a business
and had suffered losses from development stage activities to date.
Although management is currently attempting to implement its
business plan, and is seeking additional sources of equity or debt
financing, there is no assurance these activities will be successful.
Accordingly, the Company must rely on its president to perform
essential functions without compensation until a business operation
can be commenced.  These factors raise substantial doubt about the
ability of the Company to continue as a going concern. The financial
statements do not include any adjustments that might result from the
outcome of this uncertainty.

2.	Significant Accounting Policies

The following is a summary of significant accounting policies used
in the preparation of these financial statements.

Basis of presentation

These unaudited interim financial statements have been prepared in
accordance with accounting policies as set out in the Company's
audited financial statements for the year ended 31 December 2004,
except as described in this note.

                                7
<PAGE>

                     CRAFTY ADMIRAL ENTERPRISES, LTD.
                     (A Development Stage Enterprise)
                      Notes to Financial Statements
                             June 30, 2005
                              (Unaudited)


These financial statements have been prepared in accordance with
generally accepted accounting principles for interim financial
information.  Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles
for complete financial statements.  In the opinion of management,
adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included.  Operating
results for the six month period ended 30 June 2005 are not
necessarily indicative of the results that may be expected for the
year ended 31 December 2005.  For further information, refer to the
audited financial statements of the Company for the year ended 31
December 2004.

Cash and cash equivalents

Cash and cash equivalents include highly liquid investments with
original maturities of three months or less.

Revenue recognition

The Company is recognized the revenue in the year in which the
related expenses are incurred.

Income taxes

The Company follows the Statement of Financial Accounting Standards
Number 109 (SFAS 109), "Accounting for Income Taxes."  Deferred
income taxes reflect the net effect of (a) temporary difference
between carrying amounts of assets and liabilities for financial
purposes and the amounts used for income tax reporting purposes,
and (b) net operating loss carryforwards.  No net provision for
refundable Federal income tax has been made in the accompanying
statement of loss because no recoverable taxes were paid previously.
Similarly, no deferred tax asset attributable to the net operating
loss carryforward has been recognized, as it is not deemed likely
to be realized.

Use of estimates

The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates
and assumptions that affect the amounts of assets and liabilities
and disclosures of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and
expenditures during the reported period.  Actual results could
differ from these estimates.

Financial instruments

Financial instruments are initially recorded at historical costs.
If subsequent circumstances indicate that a decline in fair value
of a financial instrument is other than temporary, the financial
asset is written-down to its fair value.

                              8
<PAGE>

                     CRAFTY ADMIRAL ENTERPRISES, LTD.
                     (A Development Stage Enterprise)
                      Notes to Financial Statements
                             June 30, 2005
                              (Unaudited)


Comparative figures

Certain comparative figures have been adjusted to conform to the
current period's presentation.


3.	Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities are non-interest bearing,
unsecured and have settlement dates within one year.

During the three month period ended 30 June 2005, the Company paid
or accrued officer advances of $2,298 (31 December 2004-$2,298)
to a director of the Company.

4.	Capital Stock

Authorized

The total authorized capital is 50,000,000 of common shares with
par value of $0.001.

Issued and outstanding

The total issued and outstanding capital stock is 21,000,000 of
common shares at $0.001 per share.

5.	Income Taxes

The provision for refundable Federal income tax consists of the
following:

<TABLE><CAPTION>

                                30 June 2005  31 December 2004
                                ------------  ----------------
                                           $                 $
<S>                                  <C>              <C>

Deferred tax asset
attributable to:

 Current operations                    (700)           (2,200)
 Less: Change in
 valuation allowance                    700             2,200
                               ------------       -----------
  Net refundable amount	                  -                 -
                               ============       ===========
</TABLE>

The cumulative tax effect at the expected rate of 34% of significant
items comprising our net deferred tax  amount is as follows:
<TABLE><CAPTION>

                                30 June 2005  31 December 2004
                                ------------  ----------------
                                           $                 $
<S>                                  <C>              <C>

Net operating loss carryover          15,100            14,400
Less: Valuation allowance            (15,100)          (14,400)
                                ------------       -----------
  Net deferred tax asset                   -                 -
                                ============       ===========
</TABLE>


                               9
<PAGE>


                     CRAFTY ADMIRAL ENTERPRISES, LTD.
                     (A Development Stage Enterprise)
                      Notes to Financial Statements
                             June 30, 2005
                              (Unaudited)


At 31 December 2004, we had an unused net operating loss carryover
approximating $42,400 that is available to offset future taxable
income.  It expires beginning in 2020.


6. Supplemental Disclosure with Respect to Cash Flows

<TABLE><CAPTION>


                                                                   For the period
		                      For the       For the        from the date of
                                      six month     six month      of inception on
                                      period ended  period ended   6 March 2000 to
                                      30 June 2005  30 June 2004   30 June 2005
                                      ------------  ------------   ----------------

                                    <c>               <c>             <c>

                                           $              $               $

Cash paid during the period
for interest                               -              -               -

Cash paid during the period
for income taxes                           -              -               -

</TABLE>



                                   10




ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

The following discussion should be read in conjunction with the information
contained in the audited financial statements and notes thereto set forth in
our Annual Report on Form 10-KSB for the year ended December 31, 2004, which
can be found in its entirety on the SEC website at www.sec.gov, under our
SEC File Number 0-49725.

Note Regarding Forward-Looking Statements
-----------------------------------------
The statements contained in this Form 10-QSB that are not purely historical
are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These include statements about our
expectations, beliefs, intentions or strategies for the future, which are
indicated by words or phrases such as anticipate, expect, intend, plan,
will, the Company believes, management believes and similar words or
phrases. The forward-looking statements are based on our current
expectations and are subject to certain risks, uncertainties and
assumptions. Our actual results could differ materially from results
anticipated in these forward-looking statements. All forward-looking
statements included in this document are based on information available
to us on the date hereof, and we assume no obligation to update any such
forward-looking statements.

General
-------
Crafty Admiral Enterprises, Inc. was incorporated in the
State of Nevada on March 6, 2000. The corporation was originally
organized to engage in the business of the sale of classic auto
parts to classic auto owners all over the world through its
Internet site/online store; however, Registrant was unsuccessful
in implementing its online store and was unable to afford the
cost of purchasing, warehousing and shipping the initial
inventory required to get the business started.  As a result,
Registrant ceased operations in approximately July 2002.

Registrant is presently inactive and has not conducted any
business since July 2002. The sole officer and director determined
that it would be in the best interest of the shareholders of the
corporation that Registrant should become active again and begin
seeking potential operating businesses and business opportunities
with the intent to acquire or merge with such businesses.
Registrant is considered a development stage company, and due to
its status as a "shell" corporation, its principal business
purpose is to locate and consummate a merger or acquisition with
a private entity. No representation is made or intended that
Registrant will be able to carry out its proposed activities
successfully or profitably.

Results of Operations
---------------------
Three Months Ended June 30, 2005 compared to Three Months Ended
June 30, 2004
-----------------------------------------------------------------
We had no revenues for the three months ended June 30, 2005.

Total expenses were $4,823 for the three months ended June 30,
2005, as compared to $67 for the three months ended June 30, 2004.
These expenses were mainly attributed to professional fees incurred to
prepare and file Registrant's quarterly and annual reports with the
U.S. Securities and Exchange Commission.

                                 9
<PAGE>

Net loss was $4,823 or $NIL per share for the three months ended June
30, 2005, as compared to a net loss of $67 or $NIL per share for the
three months ended June 30, 2004.

Liquidity and Capital Resources
-------------------------------
Our only source of liquidity at June 30, 2005 consists solely of our
cash in the bank in the amount of $5,874. Our current liabilities
consist of $5,219 in accounts payable at June 30, 2005.

Net cash used in operating activities for the three months ended June 30,
2005 was $(2,845), which was attributed to general and administrative expenses
incurred in our day-to-day operations and the preparation and filing of our
reports with the SEC.

Our stockholders' equity was $655 at June 30, 2005 or $Nil per share.

Net cash provided by financing activities for the three months ended June 30,
2005 was $0.

While we believe our current capital will be sufficient to sustain operations
until December 31, 2005, there can be no guarantee that we will have
sufficient capital or will be able to obtain sufficient capital to meet our
operational obligations or execute our business plans.

Our consolidated financial statements are prepared using the accrual
method of accounting in accordance with GAAP, and have been prepared on a
going concern basis, which contemplates the realization of assets and the
settlement of liabilities in the normal course of business.  We had an
accumulated deficit of $49,345 at June 30, 2005.

We may elect to raise additional capital in the future, from time to time,
through equity or debt financings in order to capitalize on business
opportunities and market conditions; however, there can be no assurance that
we can raise additional financing on favorable terms.

In the next 12 months, we do not intend to spend any substantial funds on
research and development and do not intend to purchase any major equipment.

We do not intend to hire any new employees during the ensuing year, unless
our business operations expand sufficiently to warrant additional staff.

We do not anticipate any material commitments for capital expenditures
in the near term. We are not aware of any trend in our industry or capital
resources which may have a negative impact on our income or revenues.


Off-Balance Sheet Arrangements
------------------------------
We have no off-balance sheet arrangements or contractual or commercial
commitments.


ITEM 3.   CONTROLS AND PROCEDURES
---------------------------------
Critical Accounting Policies
----------------------------
The financial statements included herein have been prepared
pursuant to the rules and regulations of the Securities and
Exchange Commission. Management believes the disclosures
made are adequate to make the information not misleading.
The financial statements and accompanying notes are prepared in
accordance with generally accepted accounting principles.
Preparing financial statements requires Management to make
estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting
period. These estimates and assumptions are affected by Management's
application of accounting policies. These important accounting
policies include the successful efforts method of accounting
for property and equipment, revenue recognition, accounting for
income taxes and foreign currency translation.

                                  10
<PAGE>

Management maintains disclosure controls and procedures designed
to ensure that we are able to timely collect the information
we are required to disclose in our reports filed with the
U.S. Securities and Exchange Commission. Within the 90 days
prior to the date of this report, we performed an evaluation,
under the supervision and with the participation of our Management,
of the effectiveness of the design and operation of our disclosure
controls and procedures pursuant to Exchange Act Rule 13a-14.
Based upon the evaluation, our Principal Executive Officer and
Principal Financial Officer concluded that the current disclosure
controls are effective in timely alerting us to any material
information required to be included in our periodic SEC filings.

We also maintain a system of internal controls designed to
provide reasonable assurance that (i) transactions are executed
in accordance with Management's general and specific
authorization; (ii) transactions are recorded as necessary to
permit preparation of financial statements in conformity with
generally accepted accounting principles and to maintain
accountability for assets; (ii) access to assets is permitted
only in accordance with Management's general or specific
authorization; and (iv) the recorded accountability for assets
is compared with the existing assets at reasonable intervals
and appropriate action is taken with respect to any differences.
We believe that our internal controls are effective to provide
reasonable assurance that our financial statements are fairly
presented in conformity with generally accepted accounting
principals. Since our most recent evaluation, there have been
no changes in our internal controls or in other factors that
could significantly affect our internal controls, nor were any
corrective actions required with regard to significant
deficiencies and material weaknesses.

                  PART II - OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

A)   The following exhibits are included herein, except for the
exhibits marked with an asterisk, which are incorporated herein
by reference and can be found in Registrant's original Form 10-SB
Registration Statement, filed on May 6, 2003, under SEC File
Number 0-49725 at the U.S. Securities and Exchange Commission's
website (www.sec.gov).

<TABLE><CAPTION>

             <c>
Exhibit No.     Description
-----------      -----------
* 3(i)          Articles of Incorporation
* 3(ii)         Bylaws
 99.1           Sec. 302 Certification
 99.2           Sec. 906 Certifications
</TABLE>

B)   One report on Form 8-K filed was during the quarter to disclose our
change in accounting firms due to the resignation of our previous auditors.
The Form 8-K can be found in its entirety on the SEC website at
www.sec.gov under our SEC File Number 0-49725.











                            11
<PAGE>


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

August 13, 2005               By:/s/ Lawrence Siccia,
                              President, CEO, CFO, Principal
                              Accounting Officer and Chairman
                              of the Board of Directors


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.

                              Crafty Admiral Enterprises, Ltd.,
                              a Nevada corporation

August 13, 2005               By:/s/ Lawrence Siccia,
                              President, CEO, CFO, Principal
                              Accounting Officer and Chairman
                              of the Board of Directors








                                   12
<PAGE>