----

| For Quarter Ended October 31,              2005 |   | Commission                File Number 333-118808 |
|-------------------------------------------------|--------|--------------------------------------------------|

----

| Nevada                                         |   | 98-0434104                         |
|------------------------------------------------|--------|------------------------------------|
| (State                or other jurisdiction of |   | (IRS                Employer       |
| incorporation                or organization)  |   | Identification                No.) |

| 3715                West 14th Avenue, Vancouver, B.C. Canada |   | V6R                2W8    |
|--------------------------------------------------------------|--------|---------------------------|
| (Address                of Principal Executive Offices)      |   | (Zip                Code) |

----

----

|                     |                                                 | Page   |
|--------------------------|------------------------------------------------------|--------|
| PART                  I  | FINANCIAL                  INFORMATION               |   |
|                     |                                                 |   |
| Item                  1  | Financial                  Statements                | 3      |
|                     |                                                 |   |
| Item                  2. | Managements                  Discussion and Analysis | 11     |
|                     |                                                 |   |
| Item                  3. | Controls                  and Procedures             | 12     |
|                     |                                                 |   |
|                     |                                                 |   |
| Part                  II | OTHER                  INFORMATION                   |   |
|                     |                                                 |   |
| Item                  6. | Exhibits                                             | 13     |
|                     |                                                 |   |
| Signatures               |                                                 | 13     |

----

**EUROPA      TRADE AGENCY LTD.**

**(A      Development Stage Company)**

**FIRST      QUARTER **
**FINANCIAL      STATEMENTS**

**OCTOBER      31, 2005**

**(Unuadited)**

**(Stated      in U.S. Dollars)**

----

**EUROPA      TRADE AGENCY LTD.**

**(A      Development Stage Company)**

**BALANCE      SHEETS**

**(Unuadited)**

**(Stated      in U.S. Dollars)**

|                                                                              |   |                            |         |                     |   |
|-----------------------------------------------------------------------------------|--------|---------------------------------|--------------|--------------------------|--------|
|                                                                              |   | **OCTOBER                  31** |         | JULY                  31 |   |
|                                                                              |   | **2005**                        |         | 2005                     |   |
|                                                                              |   |                            |         |                     |   |
| **ASSETS**                                                                        |   |                            |         |                     |   |
|                                                                              |   |                            |         |                     |   |
| **Current**                                                                       |   |                            |         |                     |   |
| Cash                                                                              |   | **$**                           | **1,721**    |                     | $      | 3,534 |   |
| Goods                  and Services Tax receivable                                |   |                            | **1,290**    |                     |   | 662 |   |
|                                                                              |   |                            | **3,011**    |                     |   | 4,196 |   |
|                                                                              |   |                            |         |                     |   |   |   |
| **Property                  And Equipment**,                  net (Note 2)        |   |                            | —      |                     |   | — |   |
|                                                                              |   |                            |         |                     |   |   |   |
|                                                                              |   | **$**                           | **3,011**    |                     | $      | 4,196 |   |
|                                                                              |   |                            |         |                     |   |   |   |
| **LIABILITIES**                                                                   |   |                            |         |                     |   |   |   |
|                                                                              |   |                            |         |                     |   |   |   |
| **Current**                                                                       |   |                            |         |                     |   |   |   |
| Accounts                  payable and accrued liabilities                         |   | **$**                           | **10,443**   |                     | $      | 5,477 |   |
| Advances                  payable to related parties (Note 3)                     |   |                            | **12,528**   |                     |   | 11,891 |   |
|                                                                              |   |                            | **22,971**   |                     |   | 17,368 |   |
|                                                                              |   |                            |         |                     |   |   |   |
| **Commitments                  and Contingencies (**Note                  1)      |   |                            |         |                     |   |   |   |
|                                                                              |   |                            |         |                     |   |   |   |
| **STOCKHOLDERS’                  DEFICIENCY**                               |   |                            |         |                     |   |   |   |
|                                                                              |   |                            |         |                     |   |   |   |
| **Common                  Stock**                                                 |   |                            |         |                     |   |   |   |
| Authorized:                                                                       |   |                            |         |                     |   |   |   |
| 50,000,000                  common shares with par value of $0.001 per share      |   |                            |         |                     |   |   |   |
|                                                                              |   |                            |         |                     |   |   |   |
| Issued                  and outstanding:                                          |   |                            |         |                     |   |   |   |
| 3,010,000                  common shares as at October 31, 2005 and July 31, 2005 |   |                            | **3,010**    |                     |   | 3,010 |   |
|                                                                              |   |                            |         |                     |   |   |   |
| Additional                  paid-in capital                                       |   |                            | **98,390**   |                     |   | 93,890 |   |
|                                                                              |   |                            |         |                     |   |   |   |
| **Accumulated                  Other Comprehensive Loss**                         |   |                            | **(1,599**   | **)**                    |   | (938 | ) |
| **Accumulated                  Deficit During The Development Stage**             |   |                            | **(119,761** | **)**                    |   | (109,134 | ) |
|                                                                              |   |                            | **(19,960**  | **)**                    |   | (13,172 | ) |
|                                                                              |   |                            |         |                     |   |   |   |
|                                                                              |   | **$**                           | **3,011**    |                     | $      | 4,196 |   |

----

**EUROPA      TRADE AGENCY LTD.**

**(A      Development Stage Company)**

**STATEMENTS      OF OPERATIONS**

**(Unuadited)**

**(Stated      in U.S. Dollars)**

|                                                                                          |   |                                    |          |                        |   |                         |   |
|-----------------------------------------------------------------------------------------------|--------|-----------------------------------------|---------------|-----------------------------|--------|------------------------------|--------|
|                                                                                          |   |                                    |          |                        |   | CUMULATIVE                   |   |
|                                                                                          |   |                                    |          |                        |   | PERIOD                  FROM |   |
|                                                                                          |   |                                    |          |                        |   | INCORPORATION                |   |
|                                                                                          |   |                                    |          |                        |   | JUNE                  6      |   |
|                                                                                          |   | **THREE                  MONTHS ENDED** |          | 2003                  TO    |   |
|                                                                                          |   | **OCTOBER                  31**         |          | OCTOBER                  31 |   |
|                                                                                          |   | **2005**                                |          | 2004                        |   | 2005                         |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |
| **Sales                  Revenue**                                                            |   | **$**                                   | —       |                        | $      | 1,327                        |   | $ | 6,662 |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
| **Cost                  of Sales**                                                            |   |                                    | **—**   |                        |   | 1,689                        |   |   | 6,438 |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
| **Gross                  Margin (Loss)**                                                      |   |                                    | **—**   |                        |   | (362                         | )      |   | 224 |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
| **Expenses**                                                                                  |   |                                    |          |                        |   |                         |   |   |   |   |
| Advertising                  and promotion                                                    |   |                                    | **—**   |                        |   | 660                          |   |   | 6,308 |   |
| Bad                  debts                                                                    |   |                                    | **—**   |                        |   | —                      |   |   | 595 |   |
| Bank                  charges and interest                                                    |   |                                    | **6**         |                        |   | 253                          |   |   | 1,209 |   |
| Depreciation                                                                                  |   |                                    | **—**   |                        |   | 12                           |   |   | 242 |   |
| Licenses                  and dues                                                            |   |                                    | **—**   |                        |   | —                      |   |   | 310 |   |
| Management                  services (Note 3)                                                 |   |                                    | **3,750**     |                        |   | 7,500                        |   |   | 48,750 |   |
| Office                  and sundry                                                            |   |                                    | **614**       |                        |   | 3,515                        |   |   | 7,929 |   |
| Professional                  fees                                                            |   |                                    | **5,293**     |                        |   | 7,909                        |   |   | 27,400 |   |
| Rent                  (Note 3)                                                                |   |                                    | **750**       |                        |   | 1,500                        |   |   | 9,750 |   |
| Telephone                                                                                     |   |                                    | **214**       |                        |   | 134                          |   |   | 3,718 |   |
| Travel                                                                                        |   |                                    | **—**   |                        |   | 1,714                        |   |   | 13,774 |   |
|                                                                                          |   |                                    | **10,627**    |                        |   | 23,197                       |   |   | 119,985 |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
| **Net                  Loss For The Period**                                                  |   | **$**                                   | **(10,627**   | **)**                       | $      | (23,559                      | )      | $ | (119,761 | ) |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
| **Net                  Loss Per Share**,                  Basic and diluted                   |   | **$**                                   | **(0.00**     | **)**                       | $      | (0.01                        | )      |   |   |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
| **Weighted                  Average Number Of****Common                  Shares Outstanding** |   |                                    | **3,010,000** |                        |   | 3,010,000                    |   |   |   |   |
|                                                                                          |   |                                    |          |                        |   |                         |   |   |   |   |
| **Other                  Comprehensive Loss**                                                 |   |                                    |          |                        |   |                         |   |   |   |   |
| **Net                  loss for the period**                                                  |   | **$**                                   | **(10,627**   | **)**                       | $      | (23,559                      | )      |   |   |   |
| **Foreign                  currency translation adjustment**                                  |   |                                    | **(661**      | **)**                       |   | 1,312                        |   |   |   |   |
|  **Total                  Comprehensive Loss**                                           |   | **$**                                   | **(11,288**   | **)**                       | $      | (22,247                      | )      |   |   |   |

----

**EUROPA      TRADE AGENCY LTD.**

**(A      Development Stage Company)**

**STATEMENTS      OF CASH FLOWS**

**(Unuadited)**

**(Stated      in U.S. Dollars)**

|                                                                                                         |   |                                    |        |                        |   |                         |   |
|--------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|-------------|-----------------------------|--------|------------------------------|--------|
|                                                                                                         |   |                                    |        |                        |   | CUMULATIVE                   |   |
|                                                                                                         |   |                                    |        |                        |   | PERIOD                  FROM |   |
|                                                                                                         |   |                                    |        |                        |   | INCORPORATION                |   |
|                                                                                                         |   |                                    |        |                        |   | JUNE                  6      |   |
|                                                                                                         |   | **THREE                  MONTHS ENDED** |        | 2003                  TO    |   |
|                                                                                                         |   | **OCTOBER                  31**         |        | OCTOBER                  31 |   |
|                                                                                                         |   | **2005**                                |        | 2004                        |   | 2005                         |   |
|                                                                                                         |   |                                    |        |                        |   |                         |   |
| **Operating                  Activities**                                                                    |   |                                    |        |                        |   |                         |   |
| Net                  loss for the period                                                                     |   | **$**                                   | **(10,627** | **)**                       | $      | (23,559                      | )      | $ | (119,761 | ) |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
| **Adjustments                  To Reconcile Net Loss To Cash Used By Operating                  Activities** |   |                                    |        |                        |   |                         |   |   |   |   |
| Depreciation                                                                                                 |   |                                    | **—** |                        |   | 12                           |   |   | 242 |   |
| Donated                  services                                                                            |   |                                    | **4,500**   |                        |   | 9,000                        |   |   | 58,500 |   |
| Goods                  and Services Tax receivable                                                           |   |                                    | **(628**    | **)**                       |   | —                      |   |   | (1,290 | ) |
| Accounts                  receivable                                                                         |   |                                    |        |                        |   | 372                          |   |   | — |   |
| Prepaid                  expenses                                                                            |   |                                    |        |                        |   | (710                         | )      |   | — |   |
| Inventory                                                                                                    |   |                                    | **—** |                        |   | 1,117                        |   |   | — |   |
| Accounts                  payable and accrued liabilities                                                    |   |                                    | **4,966**   |                        |   | (2,168                       | )      |   | 10,443 |   |
|                                                                                                         |   |                                    | **(1,789**  | **)**                       |   | (15,936                      | )      |   | (51,866 | ) |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
| **Investing                  Activity**                                                                      |   |                                    |        |                        |   |                         |   |   |   |   |
| Purchase                  of property and equipment                                                          |   |                                    | **—** |                        |   | —                      |   |   | (242 | ) |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
| **Financing                  Activities**                                                                    |   |                                    |        |                        |   |                         |   |   |   |   |
| Advances                  payable to related parties                                                         |   |                                    | **637**     |                        |   | 3,430                        |   |   | 27,528 |   |
| Issue                  of common shares                                                                      |   |                                    | **—** |                        |   | —                      |   |   | 27,900 |   |
| Bank                  indebtedness                                                                           |   |                                    |        |                        |   | 6,300                        |   |   | — |   |
|                                                                                                         |   |                                    | **637**     |                        |   | 9,730                        |   |   | 55,428 |   |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
| **Foreign                  Exchange Effect On Cash**                                                         |   |                                    | **(661**    | **)**                       |   | 1,312                        |   |   | (1,599 | ) |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
| **(Decrease)                  Increase In Cash During The****Period**                                        |   |                                    | **(1,813**  | **)**                       |   | (4,894                       | )      |   | 1,721 |   |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
| **Cash,                  Beginning Of Period**                                                               |   |                                    | **3,534**   |                        |   | 27,424                       |   |   | — |   |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
| **Cash,                  End Of Period**                                                                     |   | **$**                                   | **1,721**   |                        | $      | 22,530                       |   | $ | 1,721 |   |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
|                                                                                                         |   |                                    |        |                        |   |                         |   |   |   |   |
| **Supplemental                  Cash Flow Information**                                                      |   |                                    |        |                        |   |                         |   |   |   |   |
| 2,000,000                  common shares issued for debt settlement                                          |   | **$**                                   | **—** |                        | $      | —                      |   | $ | 15,000 |   |

----

**EUROPA      TRADE AGENCY LTD.**

**(A      Development Stage Company)**

**STATEMENT      OF STOCKHOLDERS’ EQUITY (DEFICENCY)**

**PERIOD      FROM INCORPORATION, JUNE 6, 2003, TO OCTOBER 31, 2005**

**(Unuadited)**

**(Stated      in U.S. Dollars)**

|                                                                                 |   |       |      |       |   |           |   |                          |    |              |   |                    |   |
|--------------------------------------------------------------------------------------|--------|------------|-----------|------------|--------|----------------|--------|-------------------------------|---------|-------------------|--------|-------------------------|--------|
|                                                                                 |   |       |      |       |   |           |   | **ACCUMULATED**               |    |              |   |                    |   |
|                                                                                 |   |       |      |       |   |           |   | **DEFICIT**                   |    | **ACCUMULATED**   |   | **TOTAL**               |   |
|                                                                                 |   | **NUMBER** |      |       |   | **ADDITIONAL** |   | **DURING                THE** |    | **OTHER**         |   | **STOCKHOLDERS’** |   |
|                                                                                 |   | **OF**     |      |       |   | **PAID-IN**    |   | **DEVELOPMENT**               |    | **COMPREHENSIVE** |   | **EQUITY**              |   |
|                                                                                 |   | **SHARES** |      | **AMOUNT** |   | **CAPITAL**    |   | **STAGE**                     |    | **LOSS**          |   | **(DEFICENCY)**         |   |
|                                                                                 |   |       |      |       |   |           |   |                          |    |              |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                July 31, 2003                                                |   |       | —   |       |   |           |   | $                             | — |              |   |                    |   | $ | — |   |   |   |   | $ | — |   |   |   |   | $ | — |   |   |   |   | $ | — |   |
|                                                                                 |   |       |      |       |   |           |   |                          |    |              |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares                issued for debtsettlement -                March 31, 2004 |   |       | 2,000,000 |       |   |           |   |                          | 2,000   |              |   |                    |   |   | 13,000 |   |   |   |   |   | — |   |   |   |   |   | — |   |   |   |   |   | 15,000 |   |
| Shares                issued for cash -                May 18, 2004                  |   |       | 900,000   |       |   |           |   |                          | 900     |              |   |                    |   |   | 17,100 |   |   |   |   |   | — |   |   |   |   |   | — |   |   |   |   |   | 18,000 |   |
| Shares                issued for cash -                June 30, 2004                 |   |       | 110,000   |       |   |           |   |                          | 110     |              |   |                    |   |   | 9,790 |   |   |   |   |   | — |   |   |   |   |   | — |   |   |   |   |   | 9,900 |   |
| Foreign                currency translation                                          |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | — |   |   |   |   |   | — |   |   |   |   |   | (45 | ) |   |   |   |   | (45 | ) |
| Non-cash                services froma                director                       |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | 18,000 |   |   |   |   |   | — |   |   |   |   |   | — |   |   |   |   |   | 18,000 |   |
| Net                loss for the period                                               |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | — |   |   |   |   |   | (39,022 | ) |   |   |   |   |   |   |   |   |   |   | (39,022 | ) |
|                                                                                 |   |       |      |       |   |           |   |                          |    |              |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                July 31, 2004                                                |   |       | 3,010,000 |       |   |           |   |                          | 3,010   |              |   |                    |   |   | 57,890 |   |   |   |   |   | (39,022 | ) |   |   |   |   | (45 | ) |   |   |   |   | 21,833 |   |
|                                                                                 |   |       |      |       |   |           |   |                          |    |              |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign                currency translation                                          |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | — |   |   |   |   |   | — |   |   |   |   |   | (893 | ) |   |   |   |   | (893 | ) |
| Non-cash                services froma                director                       |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | 36,000 |   |   |   |   |   | — |   |   |   |   |   | — |   |   |   |   |   | 36,000 |   |
| Net                loss for the period                                               |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | — |   |   |   |   |   | (70,112 | ) |   |   |   |   |   |   |   |   |   |   | (70,112 | ) |
|                                                                                 |   |       |      |       |   |           |   |                          |    |              |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                July 31, 2005                                                |   |       | 3,010,000 |       |   |           |   | $                             | 3,010   |              |   |                    |   | $ | 93,890 |   |   |   |   | $ | (109,134 | ) |   |   |   | $ | (938 | ) |   |   |   | $ | (13,172 | ) |
|                                                                                 |   |       |      |       |   |           |   |                          |    |              |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign                currency translation                                          |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | — |   |   |   |   |   | — |   |   |   |   |   | (661 | ) |   |   |   |   | (661 | ) |
| Non-cash                services froma                director                       |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | 4,500 |   |   |   |   |   | — |   |   |   |   |   | — |   |   |   |   |   | 4,500 |   |
| Net                loss for the period                                               |   |       | —   |       |   |           |   |                          | — |              |   |                    |   |   | — |   |   |   |   |   | (10,627 | ) |   |   |   |   | — |   |   |   |   |   | (10,627 | ) |
|                                                                                 |   |       |      |       |   |           |   |                          |    |              |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                October 31, 2005                                             |   |       | 3,010,000 |       |   |           |   | $                             | 3,010   |              |   |                    |   | $ | 98,390 |   |   |   |   | $ | (119,761 | ) |   |   |   | $ | (1,599 | ) |   |   |   | $ | (19,960 | ) |

----

**EUROPA      TRADE AGENCY LTD.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**OCTOBER      31, 2005**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

| **1.** |   | **BASIS                OF PRESENTATION AND GOING CONCERN                CONSIDERATIONS** |
|--------|--------|------------------------------------------------------------------------------------------|

----

**EUROPA      TRADE AGENCY LTD.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**OCTOBER      31, 2005**

**(Unaudited**

**(Stated      in U.S. Dollars)**

| **1.** |   | **BASIS                  OF PRESENTATION AND GOING CONCERN CONSIDERATIONS**(Continued) |
|--------|--------|----------------------------------------------------------------------------------------|

| **2.** | **PROPERTY                AND EQUIPMENT** |
|--------|-------------------------------------------|

|                              |   |          |   |             |    | **OCTOBER                31** |   | **JULY                31**  |    |
|-----------------------------------|--------|---------------|--------|------------------|---------|-------------------------------|--------|-----------------------------|---------|
|                              |   |          |   |             |    | **2005**                      |   | **2005**                    |    |
|                              |   |          |   | **ACCUMULATED**  |    | **NET                BOOK**   |   | **NET                BOOK** |    |
|                              |   | **COST**      |   | **DEPRECIATION** |    | **VALUE**                     |   | **VALUE**                   |    |
|                              |   |          |   |             |    |                          |   |                        |    |
| Computer                equipment |   |   $ | 242    |             |  $ | 242                           |   |  $                     | — |   |  $ | — |   |

----

**EUROPA      TRADE AGENCY LTD.**

**(A      Development Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**OCTOBER      31, 2005**

**(Unaudited**

**(Stated      in U.S. Dollars)**

| **3.** | **RELATED                PARTY TRANSACTIONS** |
|--------|-----------------------------------------------|

| a)   | Advances                payable are due to directors of the Company for expenses paid on                behalf of                the Company and for travel expenses incurred. The amounts bear no                interest, are unsecured and have no stated terms of                repayment. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | The                Company has been provided with non-cash services from a director.                Accordingly, management services of $ 3,750 (2004 - $7,500) and rent                of                $750 (2004 - $1,500) have been recorded, and additional paid-in capital                has been increased by the corresponding                amount. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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