----

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

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| 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) |

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|                   |                                                                     | Page   |
|------------------------|--------------------------------------------------------------------------|--------|
| PART                I  | FINANCIAL                INFORMATION                                     |   |
|                   |                                                                     |   |
| Item                1  | Financial                Statements                                      | 3      |
|                   |                                                                     |   |
| Item                2. | Managements                Discussion and Analysis or Plan of Operations | 11     |
|                   |                                                                     |   |
| Item                3. | Controls                and Procedures                                   | 12     |
|                   |                                                                     |   |
|                   |                                                                     |   |
| Part                II | OTHER                INFORMATION                                         |   |
|                   |                                                                     |   |
| Item                6. | Exhibits                                                                 | 13     |
|                   |                                                                     |   |
| Signatures             |                                                                     | 14     |

----

**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. |
|----|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | The                        value of the management services has been calculated by establishing                        the                        fair value of the hourly rate, times the estimated total                        hours spent by                        the director. No monetary amount will be paid or exchanged                        for either of                        these services. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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