UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549




FORM
10-K




x Annual Report Pursuant
to Section 13 or 15(D) of the Securities Exchange Act of 1934




for the
fiscal year ended December
31, 2009




 ̈ Transition Report Under
Section 13 or 15(D) of the Securities Exchange Act of 1934




for the
transition period from _______________ to _______________




Commission
File Number:  000-53392




ACCELERATED ACQUISITIONS V,
INC.


(Exact
name of small Business Issuer as specified in its charter)




Delaware
                26-2517763(State
      or other jurisdiction of incorporation or
                (IRS
      Employer Identification No.)organization)122
      Ocean Park Blvd. Suite 307Santa Monica, CA
                90405(Address
      of principal executive offices)
                (Zip
      Code)




Issuer's
telephone number, including area code: (310)
396-1691




n/a





Former
address if changed since last report




Securities
registered under Section 12(b) of the Exchange Act:   None




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




Common Stock, par value
$0.0001 per share




Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the preceding 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
 ̈




Check if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-K 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-K or any
amendment to this Form 10-K.   ̈




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.


Large
      Accelerated Filer o
            
            Accelerated
      Filer o
            
            Non-Accelerated
      Filer o (Do
      not check if a smaller reporting company)
            
            Smaller
      Reporting Company þ




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




State
issuer's revenues for its most recent fiscal year: $0.00




As of
March 30, 2010, there is no applicable market value for the Company’s Common
Stock.




State the
number of shares outstanding of each of the issuer's classes of common equity,
as of the latest practicable date: 5,000,000 shares of common stock as of March
24, 2010.





TABLE
OF CONTENTS





PART
      IITEM
      1.
              BUSINESS
              3ITEM
      1A.
              RISK
      FACTORS
              5ITEM
      1B.
              UNRESOLVED
      STAFF COMMENTS
              5ITEM
      2.
              PROPERTIES
              5ITEM
      3.
              LEGAL
      PROCEEDINGS
              5ITEM
      4.
              SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY HOLDERS
              5PART
      IIITEM
      5.
              MARKET
      FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
      PURCHASES OF EQUITY SECURITIES
              6ITEM
      6.
              SELECTED
      FINANCIAL DATA
              6ITEM
      7.
              MANAGEMENT’S
      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATION
              6ITEM
      7A.
              QUANTITATIVE
      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
              8ITEM
      8.
              FINANCIAL
      STATEMENTS AND SUPPLEMENTARY DATA
              8ITEM
      9.
              CHANGES
      IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE
              18ITEM
      9A(T).
              CONTROLS
      AND PROCEDURES
              18ITEM
      9B.
              OTHER
      INFORMATION
              19PART
      IIIITEM
      10.
              DIRECTORS,
      EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
              19ITEM
      11.
              EXECUTIVE
      COMPENSATION
              20ITEM
      12.
              SECURITY
      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
      STOCKHOLDER MATTERS
              20ITEM
      13.
              CERTAIN
      RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
      INDEPENDENCE
              22ITEM
      14
              PRINCIPAL
      ACCOUNTANT FEES AND SERVICES
              22PART
      IVITEM
      15.
              EXHIBITS,
      FINANCIAL STATEMENT SCHEDULES
              23SIGNATURES
              
              24


2


FORWARD
LOOKING STATEMENTS




Forward-Looking
Statements




This
Annual Report on Form 10-K (the “Report”), including ”Management’s Discussion
and Analysis of Financial Condition and Results of Operations” in Item 7
contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 regarding future events and the future results of
Accelerated Acquisitions V, Inc. and its consolidated subsidiaries (the
“Company”) that are based on management’s current expectations, estimates,
projections and assumptions about the Company’s business. Words such as
“expects,” “anticipates,” “intends,” “plans,” “believes,” “sees,” “estimates”
and variations of such words and similar expressions are intended to identify
such forward-looking statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that are difficult
to predict. Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements due to
numerous factors, including, but not limited to, those discussed in the “Risk
Factors” section in Item 1A, “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in Item 7 and elsewhere in
this Report as well as those discussed from time to time in the Company’s other
Securities and Exchange Commission filings and reports. In addition, such
statements could be affected by general industry and market conditions. Such
forward-looking statements speak only as of the date of this Report or, in the
case of any document incorporated by reference, the date of that document, and
we do not undertake any obligation to update any forward-looking statement to
reflect events or circumstances after the date of this Report. If we update or
correct one or more forward-looking statements, investors and others should not
conclude that we will make additional updates or corrections with respect to
other forward-looking statements.




PART
I




ITEM
      1.
            BUSINESS.




Accelerated
Acquisitions V, Inc. (“we”, “us”, “our”, the "Company" or the "Registrant") was
incorporated in the State of Delaware on April 29, 2008. Since inception, the
Company has been engaged in organizational efforts and obtaining initial
financing. The Company was formed as a vehicle to pursue a business combination
and has made no efforts to identify a possible business combination. As a
result, the Company has not conducted negotiations or entered into a letter of
intent concerning any target business. The business purpose of the Company is to
seek the acquisition of, or merger with, an existing company. The Company
selected December 31 as its fiscal year end.





The
Company is currently considered to be a "blank check" company. The U.S.
Securities and Exchange Commission (the “SEC”) defines those companies as "any
development stage company that is issuing a penny stock, within the meaning of
Section 3 (a)(51) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), and that has no specific business plan or purpose, or has
indicated that its business plan is to merge with an unidentified company or
companies." Under SEC Rule 12b-2 under the Exchange Act, the Company also
qualifies as a “shell company,” because it has no or nominal assets (other than
cash) and no or nominal operations.  Many states have enacted
statutes, rules and regulations limiting the sale of securities of "blank check"
companies in their respective jurisdictions. Management does not intend to
undertake any efforts to cause a market to develop in our securities, either
debt or equity, until we have successfully concluded a business combination. The
Company intends to comply with the periodic reporting requirements of the
Exchange Act for so long as it is subject to those requirements.





The
Company was organized as a vehicle to investigate and, if such investigation
warrants, acquire a target company or business seeking the perceived advantages
of being a publicly held corporation. The Company’s principal business objective
for the next 12 months and beyond such time will be to achieve long-term growth
potential through a combination with a business rather than immediate,
short-term earnings. The Company will not restrict its potential candidate
target companies to any specific business, industry or geographical location
and, thus, may acquire any type of business.


3





The
analysis of new business opportunities will be undertaken by or under the
supervision of the Company’s management.  As of this date the Company
has not entered into any definitive agreement with any party, nor have there
been any specific discussions with any potential business combination candidate
regarding business opportunities for the Company.  The Company has
unrestricted flexibility in seeking, analyzing and participating in potential
business opportunities. In its efforts to analyze potential acquisition targets,
the Company will consider the following kinds of factors:





(a)           Potential
for growth, indicated by new technology, anticipated market expansion or new
products;





(b)           Competitive
position as compared to other firms of similar size and experience within the
industry segment as well as within the industry as a whole;





(c)           Strength
and diversity of management, either in place or scheduled for
recruitment;





(d)           Capital
requirements and anticipated availability of required funds, to be provided by
the Company or from operations, through the sale of additional securities,
through joint ventures or similar arrangements or from other
sources;





(e)           The
cost of participation by the Company as compared to the perceived tangible and
intangible values and potentials;





(f)            The
extent to which the business opportunity can be advanced;





(g)           The
accessibility of required management expertise, personnel, raw materials,
services, professional assistance and other required items; and





(h)           Other
relevant factors.





In
applying the foregoing criteria, no one of which will be controlling, management
will attempt to analyze all factors and circumstances and make a determination
based upon reasonable investigative measures and available data. Potentially
available business opportunities may occur in many different industries, and at
various stages of development, all of which will make the task of comparative
investigation and analysis of such business opportunities extremely difficult
and complex. Due to the Company's limited capital available for investigation,
the Company may not discover or adequately evaluate adverse facts about the
opportunity to be acquired.





FORM OF
ACQUISITION





The
manner in which the Company participates in an opportunity will depend upon the
nature of the opportunity, the respective needs and desires of the Company and
the promoters of the opportunity, and the relative negotiating strength of the
Company and such promoters.





It is
likely that the Company will acquire its participation in a business opportunity
through the issuance of common stock or other securities of the Company.
Although the terms of any such transaction cannot be predicted, it should be
noted that in certain circumstances the criteria for determining whether or not
an acquisition is a so-called "tax free" reorganization under Section 368(a)(1)
of the Internal Revenue Code of 1986, as amended (the "Code") depends upon
whether the owners of the acquired business own 80% or more of the voting stock
of the surviving entity. If a transaction were structured to take advantage of
these provisions rather than other "tax free" provisions provided under the
Code, all prior stockholders would in such circumstances retain 20% or less of
the total issued and outstanding shares of the surviving entity. Under other
circumstances, depending upon the relative negotiating strength of the parties,
prior stockholders may retain substantially less than 20% of the total issued
and outstanding shares of the surviving entity. This could result in substantial
additional dilution to the equity of those who were stockholders of the Company
prior to such reorganization.


4





The sole
stockholder of the Company will likely not have control of a majority of the
voting securities of the Company following a reorganization transaction. As part
of such a transaction, the Company's sole director may resign and one or more
new directors may be appointed without any vote by stockholders.





In the
case of an acquisition, the transaction may be accomplished upon the sole
determination of management without any vote or approval by stockholders. In the
case of a statutory merger or consolidation directly involving the Company, it
will likely be necessary to call a stockholders' meeting and obtain the approval
of the holders of a majority of the outstanding securities. The necessity to
obtain such stockholder approval may result in delay and additional expense in
the consummation of any proposed transaction and will also give rise to certain
appraisal rights to dissenting stockholders. Most likely, management will seek
to structure any such transaction so as not to require stockholder
approval.





It is
anticipated that the investigation of specific business opportunities and the
negotiation, drafting and execution of relevant agreements, disclosure documents
and other instruments will require substantial management time and attention and
substantial cost for accountants, attorneys and others. If a decision is made
not to participate in a specific business opportunity, the costs theretofore
incurred in the related investigation might not be recoverable. Furthermore,
even if an agreement is reached for the participation in a specific business
opportunity, the failure to consummate that transaction may result in the loss
to the Registrant of the related costs incurred.





We
presently have no employees apart from our management. Our officers and sole
director are engaged in outside business activities and anticipates that he will
devote very limited time to our business until the acquisition of a successful
business opportunity has been identified. We expect no significant changes in
the number of our employees other than such changes, if any, incident to a
business combination.





Item 1A. Risk Factors.





As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.





Item
1B.  Unresolved Staff Comments.





As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.





Item
2. Description of Property.





The
Company neither rents nor owns any properties. The Company utilizes the office
space and equipment of its management at no cost. Management estimates such
amounts to be immaterial.  The Company currently has no policy with
respect to investments or interests in real estate, real estate mortgages or
securities of, or interests in, persons primarily engaged in real estate
activities.





Item
3. Legal Proceedings.





To the
best knowledge of our officers and directors, the Company is not a party to any
legal proceeding or litigation.





Item
4. Submission of Matters to a Vote of Security Holders.





None.


5


PART
II





Item
5. Market for Common Equity, Related Stockholder Matters and Small Business
Issuer Purchases of Equity Securities.





Common
Stock





Our
Certificate of Incorporation authorizes the issuance of up to 100,000,000 shares
of common stock, par value $.0001 per share (the “Common Stock”).  The
Common Stock is not listed on a publicly-traded market.  As of March
24, 2010, there were 5,000,000 shares outstanding owned by 1 holder of record of
the Common Stock.





Preferred
Stock





Our
Certificate of Incorporation authorizes the issuance of up to 10,000,000 shares
of preferred stock, par value $.0001 per share (the “Preferred
Stock”).  The Company has not yet issued any of its preferred
stock.





Dividend
Policy





The
Company has not declared or paid any cash dividends on its common stock and does
not intend to declare or pay any cash dividend in the foreseeable future. The
payment of dividends, if any, is within the discretion of the Board of Directors
and will depend on the Company’s earnings, if any, its capital requirements and
financial condition and such other factors as the Board of Directors may
consider.





Securities
Authorized for Issuance under Equity Compensation Plans





The
Company does not have any equity compensation plans or any individual
compensation arrangements with respect to its common stock or preferred stock.
The issuance of any of our common or preferred stock is within the discretion of
our Board of Directors, which has the power to issue any or all of our
authorized but unissued shares without stockholder approval.





Recent
Sales of Unregistered Securities





The
Company did not sell any equity securities that were not registered under the
Securities Act during the quarter ended December 31, 2009.





On April
29, 2008, the Registrant sold 5,000,000 shares of Common Stock to Accelerated
Venture Partners, LLC for an aggregate investment of $4,000.00.  The
Registrant sold these shares of Common Stock under the exemption from
registration provided by Section 4(2) of the Securities Act.





No
securities have been issued for services. Neither the Registrant nor any person
acting on its behalf offered or sold the securities by means of any form of
general solicitation or general advertising. No services were performed by any
purchaser as consideration for the shares issued.





Issuer
Purchases of Equity Securities





None.





Item
6.  Selected Financial Data.





As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.





Item
7.  Management’s Discussion and Analysis of Financial Condition and
Results of Operation





The
Company intends to invest in mortgage loans throughout the United States. The
Company also intends to purchase performing, sub-performing and non-performing
commercial and residential mortgages at discounts from face value, but there is
no guarantee that it may be able to do so. The Company’s then intends to
liquidate the mortgages.





The
Company is currently in the development stage and has not commenced operations.
All activities of the Company to date relate to its organization, initial
funding and share issuances.


6





The
Company currently does not engage in any business activities that provide cash
flow.  Until the Company commences operations, we anticipate incurring
costs related to:





(i)
            filing
      Exchange Act reports, and


(ii)
            investigating,
      analyzing and consummating various business
  opportunities.





We
believe we will be able to meet these costs primarily through deferral of fees
by certain service providers and additional amounts, as necessary, to be loaned
to or invested in us by our stockholders, management or other investors. There
is no guarantee that we will be able to access any funding or that the funding
we access will be sufficient in amount to sustain our operations or that such
funds may be accessed on terms which are beneficial to the Company.





Liquidity
and Capital Resources





As of
December 31, 2009, the Company had a total of $116 in assets, comprised of
cash.  The Company had $6,164 current liabilities as of December 31,
2009.  The Company can provide no assurance that it can continue to
satisfy its cash requirements for at least the next twelve months.





The
following is a summary of the Company's cash flows provided by (used in)
operating, investing, and financing activities for the year ended December 31,
2009.




Year Ended
                    December
                    31,
                    2009Net
      Cash (Used in) Operating Activities
                  
                  $
                  (3,606)Net
      Cash (Used in) Investing Activities
                  
                  
                  -Net
      Cash Provided by Financing Activities
                  
                  $
                  1,722Net
      Increase (Decrease) in Cash and Cash Equivalents
                  
                  $
                  (1,884)





The
Company has nominal assets and has generated no revenues since inception. The
Company is also dependent upon the receipt of capital investment or other
financing to fund its ongoing operations and to execute its business plan of
seeking a combination with a private operating company. In addition, the Company
is dependent upon certain related parties to provide continued funding and
capital resources. If continued funding and capital resources are unavailable at
reasonable terms, the Company may not be able to implement its plan of
operations.





Results
of Operations





The
Company has not conducted any active operations since inception. No revenue
has been generated by the Company from April 29, 2008 (Inception) to December
31, 2009.  It is unlikely the Company will have any revenues until it
commences operations, the date of such commencement at this time being
uncertain.  There is no guarantee that the Company will ever commence
operations.  It is management's assertion that these circumstances may
hinder the Company's ability to continue as a going concern.  The Company’s
plan of operation for the next twelve months shall be to continue its efforts to
commence operations consistent with its business plan.





For the
fiscal year ended December 31, 2009, the Company had a net loss of $6,792,
consisting of legal, accounting, audit, filing and other professional service
fees incurred in relation to the filing of the Company’s required reports with
the U.S. Securities and Exchange Commission.





Off-Balance
Sheet Arrangements





The
Company does not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on the Company’s financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that is
material to investors.


7





Seasonality




Our
operating results are not affected by seasonality.




Inflation




Our
business and operating results are not affected in any material way by
inflation.




Critical
Accounting Policies




The
Securities and Exchange Commission issued Financial Reporting Release No. 60,
"Cautionary Advice Regarding Disclosure About Critical Accounting Policies"
suggesting that companies provide additional disclosure and commentary on their
most critical accounting policies.  In Financial Reporting Release No.
60, the Securities and Exchange Commission has defined the most critical
accounting policies as the ones that are most important to the portrayal of a
company's financial condition and operating results, and require management to
make its most difficult and subjective judgments, often as a result of the need
to make estimates of matters that are inherently uncertain.  The
nature of our business generally does not call for the preparation or use of
estimates.  Due to the fact that the Company does not have any
operating business, we do not believe that we do not have any such critical
accounting policies.




Contractual
Obligations





As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.





Item
7A.  Quantitative and Qualitative Disclosures about Market
Risk.





As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide this information.





Item
8.  Financial Statements and Supplementary Data.





Audited
financial statements begin on the following page of this
report.


8


Report
of Independent Registered Public Accounting Firm





Board of
Directors and Stockholders





We have
audited the accompanying balance sheets of Accelerated Acquisitions V, Inc.
(a development stage company) as of December 31, 2009 and December 31, 2008 and
the related statements of operations, stockholder's deficiency and cash flows
for the year ended December 31, 2009, the period from inception (April 29, 2008)
to December 31, 2008 and the period from inception (April 29, 2008) to December
31, 2009. 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 audits.





We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement. The Company is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audits included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also 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
audits provide 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  (a development stage
company) as of December 31, 2009 and December 31, 2008 and the results of its
operations and its cash flows for the year ended December 31, 2009, the period
from inception (April 29, 2008) to December 31, 2008 and the period from
inception (April 29, 2008) to December 31, 2009 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 1 to the financial
statements, the Company has incurred a loss since inception, has a net
accumulated deficit and may be unable to raise further equity.These factors
raise substantial doubt about its ability to continue as a going concern.
Management’s plans regarding those matters are also described in Note 1. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.





/s/
Paritz & Co





Hackensack,
New Jersey


March 30,
2010




9




ACCELERATED ACQUISITIONS V,
INC.


A
Development Stage Company


BALANCE
SHEETS





December 31
                                            
                                            December 31,2009
                                            
                                            2008(audited)
                                            
                                            (audited)ASSETSCURRENT
      ASSETS:Cash
                                            
                                            $
                                            116
                                            
                                            
                                            $
                                            2,000TOTAL
      ASSETS
                                            
                                            $
                                            116
                                            
                                            
                                            $
                                            2,000LIABILITIES
      AND STOCKHOLDER’S EQUITYCURRENT
      LIABILITIESAccrued
      expenses
                                            
                                            $
                                            4,442
                                            
                                            
                                            $
                                            1,256Shareholder
      advances
                                            
                                            
                                            1,722
                                            
                                            
                                            
                                            -TOTAL
      LIABILITIES
                                            
                                            $
                                            6164
                                            
                                            
                                            $
                                            1,256STOCKHOLDER’S
      EQUITY:Preferred
      stock, $.001 par value; 10,000,000 shares authorized; none issued and
      outstanding
                                            
                                            
                                            -
                                            
                                            
                                            
                                            -Common
      stock, $.001 par value; 100,000,000 shares authorized; 5,000,000 shares
      issued and outstanding at December 31, 2009 and December 31, 2008,
      respectively
                                            
                                            
                                            500
                                            
                                            
                                            
                                            500Additional
      paid-in capital
                                            
                                            
                                            3,500
                                            
                                            
                                            
                                            3,500Deficit
      accumulated during the development stage
                                            
                                            
                                            (10,048
                                            )
                                            
                                            
                                            (3,256
                                            )TOTAL
      STOCKHOLDER’S EQUITY (DEFICIT)
                                            
                                            
                                            (6,048
                                            )
                                            
                                            
                                            744TOTAL
      LIABILITIES AND STOCKHOLDER’S EQUITY (DEFICIT)
                                            
                                            $
                                            116
                                            
                                            
                                            $
                                            2,000





See
notes to unaudited financial statements.


10


ACCELERATED ACQUISITIONS V,
INC.


(A
Development Stage Company)


Statements
of Operations (Unaudited)





Fiscal Year
                              Ended
                              December
                              31,
                              2009
                            
                            
                            Fiscal Year
                              Ended
                              December 31,
                              2008 (*)
                            
                            
                            April 29, 2008
                              (Inception)
                              through
                              December 31,
                              2009Revenues
                            
                            $
                            -
                            
                            
                            $
                            -
                            
                            
                            $
                            -Operating
      ExpensesGeneral
      and administrative
                            
                            
                            6,792
                            
                            
                            
                            3,256
                            
                            
                            
                            10,048Net
      Operating Expenses
                            
                            
                            6,792
                            
                            
                            
                            3,256
                            
                            
                            
                            10,048Net
      Loss
                            
                            $
                            (6,792
                            )
                            
                            $
                            (3,256
                            ))
                            
                            $
                            (10,048
                            )Basic
      earnings (loss)  per share—Basic and Diluted
                            
                            $
                            (0.00
                            )
                            
                            $
                            (0.00
                            ))Weighted
      average number of common shares outstanding
                            
                            
                            5,000,000
                            
                            
                            
                            5,000,000





(*)  Partial
year from April 29, 2008 (Date of Inception) to December 31, 2008





see
accompanying notes to financial statements


11


ACCELERATED ACQUISITIONS V,
INC.


(A
Development Stage Company)


STATEMENTS OF STOCKHOLDER’S
DEFICIENCY




Preferred Stock
                                    
                                    
                                    Common Stock
                                    
                                    
                                    Additional
                                      Paid-in
                                    
                                    
                                    (Deficit)
                                      Accumulated
                                      During the
                                      Development
                                    
                                    
                                    Stockholder’sShares
                                    
                                    
                                    Amount
                                    
                                    
                                    Shares
                                    
                                    
                                    Amount
                                    
                                    
                                    Capital
                                    
                                    
                                    Stage
                                    
                                    
                                    EquityBALANCEATINCEPTION
      (APRIL
      29,2008)
                                    
                                    
                                    -
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    $
                                    -Issuance
      of common stock
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    5,000,000
                                    
                                    
                                    
                                    500
                                    
                                    
                                    
                                    3,500
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    4,000Net
      (loss)
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    (3,256
                                    )
                                    
                                    
                                    (3,256
                                    )BALANCE
      AT DECEMBER 31, 2008
                                    
                                    
                                    -
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    
                                    5,000,000
                                    
                                    
                                    $
                                    500
                                    
                                    
                                    $
                                    3,500
                                    
                                    
                                    $
                                    (3,256
                                    )
                                    
                                    $
                                    744Net
      (loss)
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    (6,792
                                    )
                                    
                                    
                                    (6,792
                                    )BALANCE
      AT DECEMBER 31, 2009
                                    
                                    
                                    -
                                    
                                    
                                    $
                                    -
                                    
                                    
                                    
                                    5,000,000
                                    
                                    
                                    $
                                    500
                                    
                                    
                                    $
                                    3,500
                                    
                                    
                                    $
                                    (10,048
                                    )
                                    
                                    $
                                    (6,048
                                    )





See
notes to financial statements.


12


ACCELERATED ACQUISITIONS V,
INC.


A
Development Stage Company


STATEMENTS OF CASH
FLOWS


(unaudited)





For the Fiscal
                          Year ended
                          December 31,
                          2009
                        
                        
                        For the
                          Fiscal year
                          ended
                          December
                          31, 2008 (*)
                        
                        
                        For the
                          Cumulative
                          Period from
                          Inception
                          (April 29,
                          2008)
                          through
                          December
                          31,
                          2009CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      (loss)
                        
                        $
                        (6,792
                        )
                        
                        
                        (3,256
                        )
                        
                        $
                        (10,048
                        )Increase
      (decrease) in accounts payable
                        
                        
                        3,186
                        
                        
                        
                        1,256
                        
                        
                        
                        4,442Net
      cash used by operating activities
                        
                        
                        (3,606
                        )
                        
                        
                        (2,000
                        )
                        
                        
                        (5,606
                        )CASH
      FLOWS FROM FINANCING ACTIVITIES:Proceeds
      from the issuance of common stock
                        
                        
                        -
                        
                        
                        
                        4,000
                        
                        
                        
                        4,000Shareholder
      Advances
                        
                        
                        1,722
                        
                        
                        
                        -
                        
                        
                        
                        1,722Net
      cash provided by financing activities
                        
                        
                        1,722
                        
                        
                        
                        4,000
                        
                        
                        
                        5,722NET
      (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
                        
                        
                        (1,884
                        )
                        
                        
                        2,000
                        
                        
                        
                        116Cash
      and cash equivalents at beginning of period
                        
                        
                        2,000
                        
                        
                        
                        -
                        
                        
                        
                        -CASH
      AND CASH EQUIVALENTS AT END OF PERIOD
                        
                        $
                        116
                        
                        
                        
                        2,000
                        
                        
                        $
                        116





(*)  Partial
year from April 29, 2008 (Date of Inception) to December 31, 2008





See
notes to unaudited financial statements.


13


ACCELERATED ACQUISITIONS V,
INC.


A
Development Stage Company


NOTES TO FINANCIAL
STATEMENTS


DECEMBER 31,
2009





NOTE 1
            -
            ORGANIZATION
      AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES:





(a)
            Organization
      and Business:





Accelerated
Acquisitions V, Inc. (“the Company”) was incorporated in the state of Delaware
on April 29, 2008 for the purpose of raising capital that is intended to be used
in connection with its business plan which may include a possible merger,
acquisition or other business combination with an operating
business.





The
Company is currently in the development stage.  All activities of the
Company to date relate to its organization, initial funding, share issuances and
regulatory compliance.


(b)
              Basis
      of Presentation
  The
accompanying Interim Financial Statements are unaudited and have been prepared
in accordance with accounting principles generally accepted for interim
financial statement presentation and in accordance with the instructions to
Regulations S-K.  Accordingly, they do not include all of the
information and footnotes required by accounting principles generally accepted
in the United States for complete financial statement presentation. In the
opinion of management, all adjustments for a fair statement of the results and
operations and financial position for the interim periods presented have been
included.  All such adjustments are of a normal recurring nature. The
financial information should be read in conjunction with the Financial
Statements and notes thereto included in the Company’s Form 10-K Annual Report
for the year ended December 31, 2009 and the Company’s Registration Statement on
Form 10.


(c)
              Going
      Concern
  The
accompanying financial statements have been prepared on a going concern basis,
which assumes the Company will realize its assets and discharge its liabilities
in the normal course of business. As reflected in the accompanying financial
statements, the Company has a deficit accumulated during the development stage
of $10,048, used cash from operations of $5,606 since its inception, and has
negative working capital of $6,048 at December 31, 2009. The Company’s ability
to continue as a going concern is dependent upon its ability to generate future
profitable operations and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business operations
when they come due. The Company’s ability to continue as a going concern is also
dependent on its ability to find a suitable target company and enter into a
possible reverse merger with such company. Management’s plan includes obtaining
additional funds by equity financing through a reverse merger transaction and/or
related party advances, however there is no assurance of additional funding
being available. These conditions raise substantial doubt about the Company’s
ability to continue as a going concern. The accompanying financial statements do
not include any adjustments that might arise as a result of this
uncertainty.


14


ACCELERATED ACQUISITIONS V,
INC.


A
Development Stage Company


NOTES TO FINANCIAL
STATEMENTS


DECEMBER 31,
2009





NOTE 1
            -
            ORGANIZATION
      AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES:


(d)
              Use
      of Estimates






The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the balance sheet and
reported amounts
of revenues and expenses during the reporting period. Actual results could
differ from those estimates.





(e)
            Cash
      and Cash Equivalents:





For
purposes of the statement of cash flows, the Company considers highly liquid
financial instruments purchased with a maturity of three months or less to be
cash equivalents.  The Company had no cash equivalents at December 31,
2009





(f)
            Income
      Taxes:





The
Company utilizes the liability method of accounting for income taxes. Under the
liability method deferred tax assets and liabilities are determined based on the
differences between financial reporting basis and the tax basis of the assets
and liabilities and are measured using enacted tax rates and laws that will be
in effect, when the differences are expected to reverse. An allowance against
deferred tax assets is recognized, when it is more likely than not, that such
tax benefits will not be realized.





(g)
            Loss
      per Common Share:





Basic
loss per share is calculated using the weighted-average number of common shares
outstanding during each reporting period. Diluted loss per share includes
potentially dilutive securities such as outstanding options and warrants, using
various methods such as the treasury stock or modified treasury stock method in
the determination of dilutive shares outstanding during each reporting period.
The Company does not have any potentially dilutive instruments for this
reporting period.





(h)
            Fair
      Value of Financial Instruments:





The
carrying value of cash equivalents approximates fair value due to the short
period of time to maturity.





NOTE 2
            -
            CAPITAL
      STOCK:





The total
number of shares of capital stock which the Company has authority to issue is
one hundred ten million (110,000,000). These shares are divided into two classes
with 100,000,000 shares designated as common stock at $.0001 par value (the
“Common Stock”) and 10,000,000 shares designated as preferred stock at $.0001
par value (the “Preferred Stock”). The Preferred stock of the Company shall be
issued by the Board of Directors of the Company in one or more classes or one or
more series within any class and such classes or series shall have such voting
powers, full or limited, or no voting powers, and such designations,
preferences, limitations or restrictions as the Board of Directors of the
Company may determine, from time to time.


15




ACCELERATED ACQUISITIONS V,
INC.


A
Development Stage Company


NOTES TO FINANCIAL
STATEMENTS


DECEMBER 31,
2009





NOTE 2
            -
            CAPITAL
      STOCK (Continued):





Holders
of shares of Common stock shall be entitled to cast one vote for each share held
at all stockholders’ meetings for all purposes, including the election of
directors. The Common Stock does not have cumulative voting
rights.  No holder of shares of stock of any class shall be entitled
as a matter of right to subscribe for or purchase or receive any part of any new
or additional issue of shares of stock of any class, or of securities
convertible into shares of stock of any class, whether now hereafter authorized
or whether issued for money, for consideration other than money, or by way of
dividend.





On April
29, 2008, the Company issued 5,000,000 shares of Common stock at a purchase
price of $.0008 per share, for an aggregate purchase price of
$4,000.00.





NOTE 3
            -
            RECENT
      ACCOUNTING PRONOUNCEMENTS:





Recently
issued accounting pronouncements




FASB
Accounting Standards Codification




(Accounting
Standards Update (“ASU”) 2009-01)




In
June 2009, FASB approved the FASB Accounting Standards Codification (“the
Codification”) as the single source of authoritative nongovernmental GAAP. All
existing accounting standard documents, such as FASB, American Institute of
Certified Public Accountants, Emerging Issues Task Force and other related literature, excluding
guidance from the SEC, have been superseded by the Codification. All other
non-grandfathered, non-SEC accounting literature not included in the
Codification has become nonauthoritative. The Codification did not change GAAP,
but instead introduced a new structure that combines all authoritative
standards into a comprehensive, topically organized online database. The
Codification is effective for interim or annual periods ending after
September 15, 2009, and impacts the Company’s financial statements as all
future references to authoritative accounting literature will be referenced in
accordance with the Codification. There have been no changes to the content of
the Company’s financial statements or disclosures as a result of implementing the Codification
during the quarter ended September 30, 2009.




As a result of the
Company’s implementation of the Codification during theyear ended
December 31, 2009, previous references to new accounting standards and
literature are no longer applicable. In the current quarter financial
statements, the Company will provide reference to both new and old guidance to
assist in understanding the impacts of recently adopted accounting literature,
particularly for guidance adopted since the beginning of the current fiscal year
but prior to the Codification.




16


ACCELERATED ACQUISITIONS V,
INC.


A
Development Stage Company


NOTES TO FINANCIAL
STATEMENTS


DECEMBER 31,
2009





NOTE
      3
            -
            RECENT
      ACCOUNTING PRONOUNCEMENTS
(Continued)




Subsequent
Events




(Included
in ASC 855 “Subsequent Events”, previously SFAS No. 165 “Subsequent
Events”)




ASC 855 established
general standards of accounting for and disclosure of events that occur after
the balance sheet date, but before the financial statements are issued or
available to be issued (“subsequent events”). An entity is required to disclose
the date through which subsequent events have been evaluated and the basis for
that date. For public entities, this is the date the financial statements are
issued. ASC 855 does
not apply to subsequent events or transactions that are within the scope of
other GAAP and did not result in significant changes in the subsequent events
reported by the Company. ASC 855 became effective for interim or annual periods
ending after June 15, 2009 and did not impact the Company’s
consolidated financial statements. The Company evaluated for subsequent events
through March 15,
2010, the issuance date of the Company’s financial statements.




17


ITEM
      9.
            CHANGES
      IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE




None.





ITEM
      9A(T).
            CONTROLS
      AND PROCEDURES.




Evaluation
of Disclosure Controls and Procedures





The
Company’s Chief Executive Officer and Chief Financial Officer performed an
evaluation of the Company’s disclosure controls and procedures. Disclosure
controls and procedures include, without limitation, controls and procedures
designed to ensure that information required to be disclosed by an issuer in the
reports that it files or submits under the Securities Exchange Act of 1934 is
accumulated and communicated to the issuer’s management, including its Chief
Executive Officer and Chief Financial Officer, as appropriate to allow timely
decisions regarding required disclosure. Based on this evaluation, the Chief
Executive Officer and Chief Financial Officer have concluded that the Company’s
disclosure controls and procedures are effective as of December 31,
2009.





Management’s
Annual Report on Internal Control over Financial Reporting





ACCELERATED
ACQUISITIONS V, INC.





REPORT
OF MANAGEMENT





Management
prepared, and is responsible for, the financial statements and the other
information appearing in this annual report. The financial statements present
fairly the Company’s financial position, results of operations and cash flows in
conformity with U.S. generally accepted accounting principles. In preparing its
financial statements, the Company includes amounts that are based on estimates
and judgments that Management believes are reasonable under the circumstances.
The Company’s financial statements have been audited by Paritz & Co, L.P.,
an independent registered public accounting firm appointed by the Company’s
Board of Directors. Management has made available to Paritz & Co., L.P. all
of the Company’s financial records and related data, as well as the minutes of
the stockholders’ and Directors’ meetings.





MANAGEMENT’S
ASSESSMENT OF INTERNAL CONTROL OVER FINANCIAL REPORTING





Management
is responsible for establishing and maintaining adequate internal control over
financial reporting. The Company’s internal control system was designed to
provide reasonable assurance to the Company’s Management and Directors regarding
the preparation and fair presentation of published financial
statements.





Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.





Management
assessed the effectiveness of the Company’s internal control over financial
reporting as of December 31, 2009. This assessment was based on criteria
established in Internal
Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO). Based on our assessment, we
believe that as of December 31, 2009, the Company’s internal control over
financial reporting is effective based on those criteria.





This
annual report does not include an attestation report of the company's registered
public accounting firm regarding internal control over financial reporting.
Management's report was not subject to attestation by the company's registered
public accounting firm pursuant to temporary rules of the Securities and
Exchange Commission that permit the company to provide only management's report
in this annual report.


18





/S/    Timothy J.
      NeherTiumothy
      J. NeherChief
      Executive Officer





Changes
in Internal Control over Financial Reporting





There
were no changes in the Company’s internal controls over financial reporting
during the fiscal year ended December 31, 2009 that materially affected, or are
reasonably likely to materially affect, the Company’s internal control over
financial reporting.





ITEM 9B.   OTHER INFORMATION





None





PART
III.





ITEM
10.            DIRECTORS,
EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE





(a)  Identification
of Directors and Executive Officers.  The following table sets forth
certain information regarding the Company’s sole officer and
director:





Name
                
                Age
                
                PositionTimothy
      J. Neher
                
                43
                
                President,
      Secretary, Treasurer and
director





Timothy J.
Neher, has been the President, Secretary and sole director of the Company
since its founding in February 2008. He is the former Chief Executive Officer of
Wherify Wireless, Inc., a California corporation (“Wherify”), having founded the
company in 1998. Previously, he had more than a decade of experience developing
and marketing new consumer products. He served as Chief Executive Officer of
Wherify from 1998 to July 2005. He served as Chief Executive Officer and a
Director of Wherify from July 2005 until February 2007 and as Chairman of the
Board until November 2007. Prior to launching Wherify, Mr. Neher served as
the Vice President of Marketing and Sales for CTH Consumer Plastic, Inc. where
he worked from 1992 to 1998. From 1988 to 1992, Mr. Neher was Vice
President of Operations for Windy City Product Development.  Mr. Neher
is also the President, Secretary and sole director of Accelerated Acquisitions
I, Inc and Accelerated Acquisitions IV, Inc.   Mr. Neher does not
have an employment agreement with the Company.





The term
of office of each director expires at our annual meeting of stockholders or
until their successors are duly elected and qualified.  Directors are
not compensated for serving as such. Officers serve at the discretion of the
Board of Directors





(b)  Significant
Employees.





As of the
date hereof, the Company has no significant employees.





(c)  Family
Relationships.





There are
no family relationships among directors, executive officers, or persons
nominated or chosen by the issuer to become directors or executive
officers.




(d)   Involvement
in Certain Legal Proceedings.




There
have been no events under any bankruptcy act, no criminal proceedings and no
judgments, injunctions, orders or decrees material to the evaluation of the
ability and integrity of any director, executive officer, promoter or control
person of Registrant during the past five years.


19


Audit
Committee and Audit Committee Financial Expert




We do not
currently have an audit committee financial expert, nor do we have an audit
committee.  Our sole director, Mr. Neher,, handles the functions that
would otherwise be handled by an audit committee.  We do not currently
have the capital resources to pay director fees to a qualified independent
expert who would be willing to serve on our board and who would be willing to
act as an audit committee financial expert.  As our business expands
and as we appoint others to our board of directors we expect that we will seek a
qualified independent expert to become a member of our board of
directors.  Before retaining any such expert our board would make a
determination as to whether such person is independent.




Section
16(a) Beneficial Ownership Reporting Compliance.





Section
16(a) of the Securities Act of 1934 requires the Company's officers and
directors, and greater than 10% stockholders, to file reports of ownership and
changes in ownership of its securities with the Securities and Exchange
Commission. Copies of the reports are required by SEC regulation to be furnished
to the Company. Based on management's review of these reports during the fiscal
year ended December 31, 2009, all reports required to be filed were filed on a
timely basis.




Code
of Ethics




Our board
of directors has adopted a code of ethics that our officers, directors and any
person who may perform similar functions is subject to.  Currently Mr.
Neher is our only officer and director, therefore, he is the only person subject
to the Code of Ethics.  If we retain additional officers in the
future, they would become subject to the Code of Ethics.  The Code of
Ethics does not indicate the consequences of a breach of the code.  If
there is a breach, the board of directors would review the facts and
circumstances surrounding the breach and take action that it deems appropriate,
which action may include dismissal of the employee who breached the code.
Currently, Mr. Neher is responsible for reviewing his own conduct under the Code
of Ethics and determining what action to take in the event of his own breach of
the Code of Ethics.




ITEM
11.  EXECUTIVE COMPENSATION.




No past
officer or director of the Company has received any compensation and none is due
or payable.  Our only officer and director, Mr. Neher, does not
receive any compensation for the services he renders to the Company, has not
received compensation in the past, and is not accruing any compensation pursuant
to any agreement with the Company.  We currently have no formal
written salary arrangement with Mr. Neher. Mr. Neher may receive a salary or
other compensation for services that he provides to the Company in the
future.  No retirement, pension, profit sharing, stock option or
insurance programs or other similar programs have been adopted by the Company
for the benefit of the Company’s employees.




ITEM
12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
AND RELATED STOCKHOLDER MATTERS




(a)           The
following table sets forth, as of March 30, 2010, the number of shares of common
stock owned of record and beneficially by executive officers, directors and
persons who beneficially own more than 5% of the outstanding shares of common
stock of the Company. Unless otherwise set forth below, each of the stockholders
has an address located at c/o Accelerated Venture Partners, LLC, 1840 Gateway
Drive, Suite 200, Foster City, CA 94404.


20





Name and Address
                              
                              Amount and
                                Nature of
                                Beneficial
                                Ownership
                              
                              
                              Percentage
                                of ClassAccelerated
      Venture Partners, LLC. (1)
                              
                              
                              5,000,000
                              
                              
                              
                              100
                              %1840
      Gateway Drive, Suite 200Foster
      City, CA 94404Timothy
      J. Neher (3)
                              
                              
                              5,000,000
                              (2)
                              
                              
                              100
                              %1840
      Gateway Drive, Suite 200Foster
      City, CA 94404All
      Officers and
                              
                              
                              5,000,000
                              (2)
                              
                              
                              100
                              %Directors
      as a group(1
      individual)







(1)
            Accelerated Venture Partners,
      LLC, a Delaware limited liability company, is currently owned by Timothy
      J. Neher, who serves as its Managing
  Member.





(2)
            Represents shares of common stock
      owned by Accelerated Venture Partners, LLC. Mr. Neher may be deemed the
      indirect beneficial owner of these shares of common stock since he has
      sole voting and investment control over the
  shares.





(3)
            Mr.
      Neher is President, Secretary, Treasurer and sole director of the
      Company.





(b)   The
Company currently has not authorized any compensation plans or individual
compensation arrangements.





ITEM
      13.
            CERTAIN
      RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
      INDEPENDENCE




Certain
Relationships and Related Rransactions





At
December 31, 2009, certain shareholders of the Company had made advances to the
Company in the aggregate amount of $1,722, which represents amounts loaned to
the Company to pay the Company's operating expenses.




Director
Independence




Since
inception, Mr. Neher has been the only director of the Company and is not
considered "independent" in accordance with rule 4200(a)(15) of the NASDAQ
Marketplace Rules. We are currently traded on the Over-the-Counter Bulletin
Board. The Over-the-Counter Bulletin Board does not require that a majority of
the board be independent.




21


ITEM
13.  EXHIBITS




ExhibitNumber
            
            Description31.1.
            
            Certification
      of the Chief Executive Officer pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002.31.2.
            
            Certification
      of the Chief Financial Officer pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002.32.1
            
            Certification
      of Chief Executive Officer and Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002.




ITEM
14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.




AUDIT
FEES





The
aggregate fees billed by our auditors, Paritz & Co., P.C., for professional
services rendered for the audit of our annual financial statements for fiscal
year ended December 31, 2009 and review of our interim financial statements for
the first, second and third quarters of 2009 was approximately $4,500. The
aggregate fees billed by our auditors for professional services rendered for the
audit of our annual financial statements for fiscal year ended December 31,
2008 and review of our interim financial statements for the first, second
and third quarters of 2008 was approximately $4,500.





AUDIT-RELATED
FEES




During
the last two fiscal years, no fees were billed or incurred for assurance or
related services by our auditors that were reasonably related to the audit or
review of financial statements reported above.





TAX
FEES




There
were no tax preparation fees billed for the fiscal years ender December 31, 2009
or 2008.





ALL OTHER
FEES




During
the last two fiscal years, no other fees were billed or incurred for services by
our auditors other than the fees noted above. Our board, acting as an audit
committee, deemed the fees charged to be compatible with maintenance of the
independence of our auditors.





THE BOARD
OF DIRECTORS PRE-APPROVAL POLICIES





We do not
have a separate audit committee. Our full board of directors performs the
functions of an audit committee. Before an independent auditor is engaged by us
to render audit or non-audit services, our board of directors pre-approves the
engagement. Board of directors pre-approval of audit and non-audit services will
not be required if the engagement for the services is entered into pursuant to
pre-approval policies and procedures established by our board of directors
regarding our engagement of the independent auditor, provided the policies and
procedures are detailed as to the particular service, our board of directors is
informed of each service provided, and such policies and procedures do not
include delegation of our board of directors' responsibilities under the
Exchange Act to our management. Our board of directors may delegate to one or
more designated members of our board of directors the authority to grant
pre-approvals, provided such approvals are presented to the board of directors
at a subsequent meeting. If our board of directors elects to establish
pre-approval policies and procedures regarding non-audit services, the board of
directors must be informed of each non-audit service provided by the independent
auditor. Board of directors pre-approval of non-audit services, other than
review and attest services, also will not be required if such services fall
within available exceptions established by the SEC. For the fiscal year ended
December 31, 2009, 100% of audit-related services, tax services and other
services performed by our independent auditors were pre-approved by our board of
directors.


22





Our board
has considered whether the services described above under the caption "All Other
Fees", which are currently none, is compatible with maintaining the auditor's
independence.





The board
approved all fees described above.




PART
IV





ITEM
      15.
            EXHIBITS,
      FINANCIAL STATEMENT SCHEDULES





The
following documents are filed as part of this 10-K:





1.
 FINANCIAL STATEMENTS





The
following documents are filed in Part II, Item 8 of this annual report
on Form 10-K:





·
            Report
      of Paritz & Co., P.C., Independent Registered Certified Public
      Accounting Firm





·
            Balance
      Sheets as of December 31, 2009 and
2008





·
            Statements
      of Operations for the years ended December 31, 2009 and 2008 and the
      period from inception (April 29, 2008) to December 31, 2009
      (audited)





·
            Statements
      of Stockholders’ Deficit from inception (April 29, 2008) to December
      31, 2009 (audited)





·
            Statement
      of Cash Flows for the years ended December 31, 2009 and 2008 and the
      period from inception (April 29, 2008) to December 31, 2009
      (audited)





·
            Notes
      to Financial Statements (audited)





2.
 FINANCIAL STATEMENT SCHEDULES





All
financial statement schedules have been omitted as they are not required, not
applicable, or the required information is otherwise included.





3.
 EXHIBITS





The
exhibits listed below are filed as part of or incorporated by reference in this
report.





Exhibit No.
            
            Identification of
Exhibit31.1.
            
            Certification
      of the Chief Executive Officer pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002.31.2.
            
            Certification
      of the Chief Financial Officer pursuant to Section 302 of the
      Sarbanes-Oxley Act of 2002.32.1
            
            Certification
      of Chief Executive Officer and Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002.




23


SIGNATURES





Pursuant
to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.




Accelerated Acquisitions V,
      Inc.(Registrant)By/s/ Timothy NeherTimothy
      NeherPresident,  Chief
      Executive Officer, ChiefFinancial
      Officer, Treasurer, Secretary andDirectorDateMarch
      30, 2010





Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following person on behalf of the registrant and in the
capacity and on the date indicated.





By/s/ Timothy NeherTimothy
      NeherPresident,  Chief
      Executive Officer, ChiefFinancial
      Officer, Treasurer, Secretary andDirectorDateMarch
      30, 2010


24