FORM 10-QSB

                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549


                 Quarterly Report Under Section 13 or 15(d)
                   Of the Securities Exchange Act of 1934

                     For Quarter Ended June 30, 2005.

                      Commission File Number 0-32131

                        IRON STAR DEVELOPMENT, INC.
           (Exact name of registrant as specified in its charter)

     UTAH                                                   87-0427336
(State or other jurisdiction of                          (IRS Employer
 incorporation or organization)                         Identification No.)

                         175 South Main, No. 1212
                         Salt Lake City, Utah 84111
                  (Address of principal executive offices)

      Registrant's telephone number including area code:(801)596-3337


               Former Address, if changed since last report.


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the proceeding 12 months (or 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


As of June 30, 2005, Registrant had 307,899 shares of common stock, par
value of $.001 per share, issued and outstanding.



PART I

ITEM I - FINANCIAL STATEMENTS

     The condensed financial statements included herein have been prepared
by Iron Star Development, Inc. (the "Company", "Registrant", "we", "us", or
"our"), without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been
condensed or omitted pursuant to such rules and regulations, although we
believe that the disclosures are adequate to make the information presented
not misleading.

     In our opinion, all adjustments, consisting of only normal recurring
adjustments, necessary to present fairly the financial position of the
Company as of June 30, 2005, and the results of our operations from January
1, 2005, through June 30, 2005.  The results of our operations for such
interim period is not necessarily indicative of the results to be expected
for the entire year.








                        Iron Star Development, Inc.
                            Financial Statements
                               June 30, 2005


                        Iron Star Development, Inc.
                               Balance Sheets

<Table>
<Caption>

                                                   June 30,      December
                                                     2005        31, 2004
                                                 ------------  ------------
<S>                                              <C>           <C>
                                                  (Unaudited)
                                   Assets
Total Assets                                     $     -       $     -
                                                 ============  ============

                    Liabilities and Stockholders' Equity

Current Liabilities
-------------------

 Accounts Payable-Related Party                  $    10,224   $     4,372
 Taxes Payable                                           900           900
                                                 ------------  ------------
  Total Liabilities                                11,124            5,272

Stockholders' Equity
--------------------

 Common Stock 100,000,000 Shares
  Authorized at $.001 Par Value;
  307,899 Shares Issued and Outstanding,
  Retroactively Restated                                 307           307
 Additional Paid in Capital                           (1,027)       (1,027)
 Accumulated Deficit since December 31, 2002
  when a deficit of $260,718 was eliminated
  in connection with a quasi-reorganization          (10,404)       (4,552)
                                                 ------------  ------------
   Total Stockholders' Equity                        (11,124)       (5,272)
                                                 ------------  ------------
  Total Liabilities and Stockholders' Equity     $         -   $         -
                                                 ============  ============


</Table>




 The accompanying notes are an integral part of these financial statements.
                                     3

                        Iron Star Development, Inc.
                          Statements of Operations
                                (Unaudited)
<Table>
<Caption>
                          For the Three Months Ended   For the Six Months Ended
                                    June 30,                   June 30,
                              2005          2004          2005          2004
                          ------------  ------------ -------------  ------------
<S>                       <C>           <C>          <C>            <C>

Revenue                   $     -       $     -      $      -       $     -
-------                   ------------  ------------ -------------  ------------

Expenses
--------

 General and
  Administrative                -             -             5,852         -
                          ------------  ------------ -------------  ------------
  Total Expenses                -             -             5,852         -
                          ------------  ------------ -------------  ------------
  Income (Loss) From
  Operations                    -             -            (5,852)        -
                          ------------  ------------ -------------  ------------
  Income (Loss) Before
  Taxes                         -             -            (5,852)        -
  Taxes                         -             -             -             -
                          ------------  ------------ -------------  ------------
  Net (Loss)              $     -       $     -      $     (5,852)  $     -
                          ============  ============ =============  ============

  Loss Per Common Share   $     -       $     -      $       (.02)  $     -
                          ============  ============ =============  ============
  Weighted Average
  Outstanding Shares
  Retroactively Restated      307,899       306,568       307,899       306,568
                          ============  ============ =============  ============


</Table>

 The accompanying notes are an integral part of these financial statements.
                                     4

                        Iron Star Development, Inc.
                          Statements of Cash Flows
                                (Unaudited)
<Table>
<Caption>

                                                       For the Six   For the Six
                                                      Months Ended  Months Ended
                                                        June 30,      June 30,
                                                          2005          2004
                                                      ------------  ------------
<S>                                                   <C>           <C>
Cash Flows from Operating Activities
------------------------------------

 Net Loss                                             $    (5,852)  $     -
 Adjustments to Reconcile Net Income to
  Net Cash Provided by Operating Activities:
   Increase (Decrease) Accounts Payable-Related
     Party                                                  5,852         -
   Increase (Decrease) in Accounts Payable                  -             -
                                                      ------------  ------------
   Net Cash Provided by Operating Activities                -             -

Cash Flows from Investing Activities                        -             -
------------------------------------                  ------------  ------------

   Net Cash Provided by Investing Activities                -             -

Cash Flows from Financing Activities                        -             -
------------------------------------                  ------------  ------------

   Net Cash Provided by Financing Activities                -             -

   Net Increase (Decrease) In Cash                          -             -

   Cash, Beginning of Period                                -             -
                                                      ------------  ------------
   Cash, End of Period                                $     -       $     -
                                                      ============  ============

Supplemental Cash Flow Information
----------------------------------
  Interest                                            $     -       $     -
  Income Taxes                                              -             -


</Table>

   The accompanying notes are an integral part of these financial statements.
                                        5

ITEM 2 -  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS

Plan of Operations.

     We have not engaged in any material operations during the period ended June
30, 2005.  Over the past several years we have not engaged in any material
operations other than matters pertaining to our corporate existence.  We intend
to continue to seek the acquisition of assets, property, or business that may be
beneficial to us and our shareholders.

     Our only foreseeable cash requirements during the next twelve month period
will relate to maintaining our status as a corporate entity, complying with the
periodic reporting requirements of the U.S. Securities and Exchange Commission,
and evaluating and reviewing possible business ventures and opportunities.  We
do not anticipate raising additional capital in the next twelve months. If
additional funds are required, it is anticipated that management will advance
such funds as loans to us or we will issue shares for the funds advanced.  Any
loan will not be on terms less favorable than we could obtain from a commercial
lender.

Result of Operations.

     For the quarter ended June 30, 2005, we had limited operations.  During the
quarter ended June 30, 2005, we had no revenues and no expenses with no net loss
compared to no revenues and no expenses and no net loss for the same period a
year earlier.

     For the six month period ended June 30, 2005, we had no revenues and
incurred expenses of $5,852 with a net loss of $(5,852) compared to no revenues
and no expenses with no net loss for the same period a year earlier.

     This Report makes certain forward-looking statements.  We advise readers
that actual results may differ substantially from such forward-looking
statements.  Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those expressed in or
implied by the statements, including but not limited to, the following: our
ability to find a suitable business venture that will benefit us, our ability to
investigate a potential business venture, and our ability to determine all
information about a business venture.

ITEM 3.  CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures.  Based on an evaluation under
the supervision and with the participation of our management as of a date within
90 days of the filing date of this Quarterly Report on Form 10-QSB, our
principal executive officer and principal financial officer have concluded that
our disclosure controls and procedures, as defined in Rules 13a-14(c) and 15d-
14(c) under the Securities Exchange Act of 1934, are effective to ensure that
information required to be disclosed in reports that we file or submit under the
Exchange Act is recorded, processed, summarized, and reported within the time
periods specified in SEC rules and forms.

Changes in Internal Controls.  We had no significant changes in our internal
controls or in other factors that could significantly affect these controls
subsequent to the date of their evaluation.  There were no significant
deficiencies or material weaknesses, and therefore there were no corrective
actions taken.  However, the design of any system of controls is based in part
upon certain assumptions about the likelihood of future events and there is no
certainty that any design will succeed in achieving its stated goal under all
potential future considerations regardless of how remote.

                                        6

Part II.

Item 1. Legal Proceedings.  None, not applicable.

Item 2. Changes in Securities. None, not applicable.

Item 3. Defaults upon Senior Securities. None, not applicable.

Item 4. Matters Submitted to a Vote of the Company's Shareholders. None, not
applicable.

Item 5. Other Information. None, not applicable.

Item 6. Exhibits and Reports on Form 8-K.
     A. EXHIBITS

No.   Description
3(i)  Restated Articles of Incorporation-previously filed.
 (ii) Bylaws-previously filed.
33.1  Certification pursuant to Section 302.
33.2  Certification pursuant to Section 302.

     B. Reports on Form 8-K.
        During the period we filed no reports on Form 8-K.









                                        7
                                   Signatures

     In accordance with the requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

Date   August 15, 2005             Iron Star Development, Inc.


                                   By /s/Wallace Boyack
                                   --------------------------------------
                                   President and Chief Executive Officer

                                   By /s/Wallace Boyack
                                   --------------------------------------
                                   Chief Financial Officer














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