Commission File No. 000-28867


                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington D.C. 20549

                                   FORM 10-KSB

     /X/         ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                  For the Fiscal Year Ended: December 31, 2005

    / /            TRANSITION REPORT PURSUANT TO SECTION 13
                OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                     For the Transition Period From __ to __

                            PARQUE LA QUINTA ESTATES
        -----------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)


              NEVADA                               88-0409165
   -------------------------------          -------------------
   (State or other jurisdiction of           (I.R.S. Employer
    incorporation or organization)          Identification No.)

   6767 TROPICANA AVENUE, SUITE 207
         LAS VEGAS, NEVADA                        89103
----------------------------------------       ----------
(Address of principal executive offices)       (Zip code)

Issuer's telephone number: (702) 248-1027

Securities to be registered pursuant to Section 12(b) of the Act:

                                      none

Securities to be registered pursuant to Section 12(g) of the Act:

                               $.001 COMMON STOCK
                               ------------------
                                (Title of Class)


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 preceding 12 months (or for such shorter period that the registrant was

                                       1.

<PAGE>

required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes /X/ No / /

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act). Yes / / No /X/

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

Registrant's revenues for the most recent fiscal year and for the period covered
by this report is $0.

The aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price that which the common equity
was sold, for the average bid and ask price of such common equity for the period
covered by this report and as of the date hereof is $0.

State the number of shares outstanding of each of registrant's classes of common
equity, for the period covered by this report and as at the latest practicable
date:

         At December 31, 2005 and as of the date hereof, there were outstanding
         2,200,000 shares of the registrant's Common Stock, $.001 par value.

Transitional Small Business Disclosure Format: Yes / /   No /X/



                                       2.

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                                TABLE OF CONTENTS


                                                                      PAGE

                                     PART I


Item 1.  Description of Business  . . . . . . . . . . . . . . . . . .   4

Item 2.  Description of Property. . . . . . . . . . . . . . . . . . .  16

Item 3.  Legal Proceedings. . . . . . . . . . . . . . . . . . . . . .  16

Item 4.  Submission of Matters to a Vote of Security Holders  . . . .  16


                                     PART II

Item 5.  Market for Common Equity, Related Stockholder Matters and
         Small Business Issuer Purchases of Equity Securities.  . . .  17

Item 6.  Management's Discussion and Analysis or Plan of
         Operation  . . . . . . . . . . . . . . . . . . . . . . . . .  20

Item 7.  Financial Statements . . . . . . . . . . . . . . . . . . . .  23

Item 8.  Changes in and Disagreements With Accountants on Accounting
         and Financial Disclosure . . . . . . . . . . . . . . . . . .  24

Item 8A. Controls and Procedures. . . . . . . . . . . . . . . . . . .  24

Item 8B. Other Information. . . . . . . . . . . . . . . . . . . . . .  24


                                    PART III


Item 9.  Directors, Executive Officers, Promoters and Control
         Persons; Compliance with Section 16(a) of the Exchange Act . 25

Item 10. Executive Compensation . . . . . . . . . . . . . . . . . . . 27

Item 11. Security Ownership of Certain Beneficial Owners and
         Management and Related Stockholder Matters . . . . . . . . . 27

Item 12. Certain Relationships and Related Transactions . . . . . . . 28

Item 13. Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Item 14. Principal Accountant Fees and Services . . . . . . . . . . . 29

         Signatures . . . . . . . . . . . . . . . . . . . . . . . . . 30



                                       3.

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                                     PART I


Item 1.   DESCRIPTION OF BUSINESS.

Introduction

     Parque La Quinta Estates (the "Company") was incorporated on October 29,
1992 under the laws of the State of Nevada. We had intended to form subsidiaries
and general partnerships and limited partnerships which would be a developer and
builder of affordable single-family houses and condominiums in Southern
California. We intended to have homes of high quality construction and many
amenities such as mirrored glass wardrobe closets, berber carpet, tiled kitchen
counters and floors, intercom, wiring for cable television, telephones and
security system fireplaces, vaulted ceilings and skylights. We were going to
concentrate our building activities in La Quinta, California, area of the
Coachella Valley, where population growth and job creation were expected to
increase significantly faster than population growth and job creation in the
United States as a whole. We intended to acquire city in-fill lots, primarily
between the City limit lines and The Village at La Quinta, California areas of
the Coachella Valley, California, demolish and clear the lots, obtain the
necessary permits, construct single-family attached housing, and sell the
constructed units. We were going to seek to acquire parcels of land that range
from 7,000 square feet to 28,000 square feet to develop additional 7 to 28-unit
affordable attached single-family complexes.

     Between October 29, 1992 and approximately February 1, 1993, the Company
investigated certain business opportunities but did not commence any activities
in connection with its development and building activities. As at December 31,
1993, all funds raised by the sale of shares in order to fulfill our initial
objective had been expended and we, thereafter became dormant. From February 1,
1993 until the present, we were inactive and could be deemed to be a so-called
"shell" company, whose only purpose at this time is to determine and implement a
new business purpose.

     As of the date hereof, the Company can be defined as a "shell" company, an
entity which is generally described as having no or nominal operations and with
no or nominal assets or assets consisting solely of cash and cash equivalents.
As a shell company, our sole purpose at this time is to locate and consummate a
merger or acquisition with a private entity.


     Also, as of the date hereof, based upon our proposed future business
activities, we may also be deemed a "blank check" company. The Securities and
Exchange Commission definition of such a company is a development stage company
that has no specific business plan or purpose, or has indicated that its
business plan is to engage in a merger or acquisition with an unidentified
company or companies, or other entity or person and is issuing a "penny stock"
security.

     A "penny stock" security is any equity security other than a security (i)
that is a reported security (ii) that is issued by an investment company (iii)
that is a put or call issued by the Option Clearing Corporation (iv) that has a
price of $5.00 or more (except for purposes of Rule 419 of the Securities Act of
1933, as amended) (v) that is registered on a national securities exchange (vi)
that is authorized for quotation on the Nasdaq Stock Market, unless other

                                       4.

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provisions of the defining rule are not satisfied, or (vii) that is issued by an
issuer with (a) net tangible assets in excess of $2,000,000, if in continuous
operation for more than three years or $5,000,000 if in operation for less than
three years or (b) average revenue of at least $6,000,000 for the last three
years.

     We became a reporting company on a voluntary basis because the primary
attraction of the Company as a merger partner or acquisition vehicle will be our
status as a public company. In addition, we became a reporting company to
enhance investor protection and to provide information if a trading market
commences. Only those companies that report their current financial information
to the Securities and Exchange Commission, banking, or insurance regulators are
permitted to be quoted on the OTC Bulletin Board System.

Risk Factors

     Our business is subject to numerous risk factors, including the following:

1.   We have had no operating history nor any revenues or earnings from
operations and we are insolvent.

     We have no assets or financial resources. We will, in all likelihood,
sustain operating expenses without corresponding revenues, at least until the
consummation of a business combination. This may result in us incurring a net
operating loss that will increase continuously until we can consummate a
business combination with a profitable business opportunity. There is no
assurance that we can identify such a business opportunity and consummate such a
business combination.

     Our auditor's going concern opinion and the notation in the financial
statements indicate that we do not have significant cash or other material
assets and that we are relying on advances from stockholders, officers and
directors to meet our limited operating expenses. We are insolvent in that we
are unable to pay our debts in the ordinary course of business as they become
due.

2.   Our proposed plan of operation is speculative.

     The success of our proposed plan of operation will depend to a great extent
on the operations, financial condition and management of the identified business
opportunity. While management intends to seek business combination(s) with
entities having established operating histories, there can be no assurance that
we will be successful in locating candidates meeting such criteria. In the event
we complete a business combination, of which there can be no assurance, the
success of our operations may be dependent upon management of the successor firm
or venture partner firm and numerous other factors beyond our control.

                                       5.

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3.   We face intense competition for business opportunities and combinations.

     We are and will continue to be an insignificant participant in the business
of seeking mergers with, joint ventures with and acquisitions of small private
and public entities. A large number of established and well-financed entities,
including venture capital firms, are active in mergers and acquisitions of
companies that may be our desirable target candidates. Nearly all such entities
have significantly greater financial resources, technical expertise and
managerial capabilities than we have and, consequently, we will be at a
competitive disadvantage in identifying possible business opportunities and
successfully completing a business combination. Moreover, we will also compete
in seeking merger or acquisition candidates with numerous other small public
companies.

4.   We have no agreements for a business combination or other transaction and
     have established no standards for a business combination.

     We have no arrangement, agreement or understanding with respect to engaging
in a merger with, joint venture with or acquisition of, a private or public
entity. There can be no assurance that we will be successful in identifying and
evaluating suitable business opportunities or in concluding a business
combination. Management has not identified any particular industry or specific
business within an industry for our evaluation. There is no assurance that we
will be able to negotiate a business combination on terms favorable to us. We
have not established a specific length of operating history or a specified level
of earnings, assets, net worth or other criteria which it will require a target
business opportunity to have achieved, and without which we would not consider a
business combination in any form with such business opportunity. Accordingly, we
may enter into a business combination with a business opportunity having no
significant operating history, losses, limited or no potential for earnings,
limited assets, negative net worth or other negative characteristics.

5.   Our success is dependent on management that has other full time employment,
     has limited experience and will only devote limited part time working for
     us that makes our future even more uncertain.

     None of our officers has entered into a written employment agreement with
us and none is expected to do so in the foreseeable future. We have not obtained
key man life insurance on any of our officers or directors. Notwithstanding the
combined limited experience and time commitment of management, loss of the
services of any of these individuals would adversely affect development of our
business and our likelihood of continuing operations.

                                       6.

<PAGE>

6.   The reporting requirements under federal securities law may delay or
     prevent us from making certain acquisitions.

     Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended
(the "1934 Act"), require companies subject thereto to provide certain
information about significant acquisitions, including certified financial
statements for the company acquired, covering one, two, or three years,
depending on the relative size of the acquisition. The time and additional costs
that may be incurred by some target entities to prepare such statements may
significantly delay or essentially preclude consummation of an otherwise
desirable acquisition by the Company. Acquisition prospects that do not have or
are unable to obtain the required audited statements may not be appropriate for
acquisition so long as the reporting requirements of the 1934 Act are
applicable.

     In addition to the certified financial statements, in the filing of the
Form 8-K that we file to report an event that causes us to cease being a shell
company, we may be required to include that information that is normally
reported by a company in a Form 10 or Form 10-SB. The time and additional costs
that may be incurred by some target entities to prepare and disclose such
information may significantly delay or essentially preclude consummation of an
otherwise desirable acquisition by the Company.

7.   The Investment Company Act of 1940 creates a situation wherein we would
     be required to register and could be required to incur substantial
     additional costs and expenses.

     Although we will be subject to regulation under the 1934 Act, we believe
that we will not be subject to regulation under the Investment Company Act of
1940, insofar as we will not be engaged in the business of investing or trading
in securities. In the event we engage in business combination that result in us
holding passive investment interests in a number of entities, we could be
subject to regulation under the Investment Company Act of 1940. In such event,
we would be required to register as an investment company and could be expected
to incur significant registration and compliance costs. We have obtained no
formal determination from the Securities and Exchange Commission as to the
status of our Company under the Investment Company Act of 1940 and,
consequently, any violation of such Act would subject us to material adverse
consequences.


                                       7.

<PAGE>

8.   Our present management most likely will not remain after we complete a
     business combination.

     A business combination involving the issuance of our Common Stock will, in
all likelihood, result in shareholders of a private company obtaining a
controlling interest in us. Any such business combination may require our
management to sell or transfer all or a portion of our Common Stock that is held
by them, and/or resign as members of the Board of Directors. The resulting
change in our control could result in removal of one or more present officers
and directors and a corresponding reduction in or elimination of their
participation in our future affairs.

9.   At the time we do any business combination, each shareholder will most
     likely hold a substantially lesser percentage ownership in the Company.

     Our current primary plan of operation is based upon a business combination
with a private concern that, in all likelihood, would result in the Company
issuing securities to shareholders of any such private company. The issuance of
our previously authorized and unissued Common Stock would result in reduction in
percentage of shares owned by our present and prospective shareholders and may
result in a change in our control or in our management.

10.  As a shell company, we face substantial additional adverse business and
     legal consequences.

     We may enter into a business combination with an entity that desires to
establish a public trading market for its shares. A business opportunity may
attempt to avoid what it deems to be adverse consequences of undertaking its own
public offering by seeking a business combination with us. Such consequences may
include, but are not limited to, time delays of the registration process,
significant expenses to be incurred in such an offering, loss of voting control
to public shareholders and the inability or unwillingness to comply with various
federal and state laws enacted for the protection of investors.

     On June 29, 2005, the Securities and Exchange Commission adopted final
rules amending the Form S-8 and the Form 8-K for shell companies like us. These
rules were published in the Federal Register on July 21, 2005 and were effective
as of August 22, 2005, except for an amendment to Item 5.06 of the Form 8-K that
became effective on November 5, 2005. The amendments expand the definition of a
shell company to be a company with no or nominal operations, assets consisting
of cash and cash equivalents, or assets consisting of any amount of cash and
cash equivalents and nominal other assets. The rules and rule amendments
prohibit the use of a Form S-8 (a form used by a corporation to register
securities issued to an employee, director, officer, consultant or advisor,

                                       8.

<PAGE>

under certain circumstances), and revise the Form 8-K to require a shell company
to include current Form 10 or Form 10-SB information, including audited
financial statements, in the filing on Form 8-K that the shell company files to
report an event that causes it to cease being a shell company. The shell company
will be required to file financial statements within four days about the
transaction. Where an operating company acquires a shell company and the
operating company survives the transaction, the operating company will have
acquired control of the shell for purposes of the definition of "succession"
under the final rules and the operating company, as the surviving entity, will
be required to file a Form 8-K under Item 5.01. The rules are designed to assure
that investors in shell companies that acquire operations or assets have access
on a timely basis to the same kind of information as is available to investors
in public companies with continuing operations.

11.  Federal and state tax consequences will, in all likelihood, be a major
     consideration in any business combination in which we may undertake.

                  Currently, such transactions may be structured so as to result
     in tax-free treatment to both companies, pursuant to various federal and
state tax provisions. The Company intends to structure any business combination
so as to minimize the federal and state tax consequences to both us and the
target entity; however, there can be no assurance that such business combination
will meet the statutory requirements of a tax-free reorganization or that the
parties will obtain the intended tax-free treatment upon a transfer of stock or
assets. A non-qualifying reorganization could result in the imposition of both
federal and state taxes which may have an adverse effect on both parties to the
transaction.

12.  The requirement of audited financial statements may disqualify business
     opportunities.

     We believe that any potential business opportunity must provide audited
financial statements for review, for the protection of all parties to the
business combination. One or more attractive business opportunities may choose
to forego the possibility of a business combination with us, rather than incur
the expenses associated with preparing audited financial statements.

13.  Our officers and directors are the principal shareholders and will be able
     to approve all corporate actions without shareholder consent and will
     control our Company.

                                       9.

<PAGE>

     Our principal shareholders, Bonita R. Alverez, Deborah J. Koeberl and Gary
W. Koeberl currently own approximately 66% of our Common Stock. They will have
significant influence over all matters requiring approval by our shareholders,
but not requiring the approval of the minority shareholders. In addition, they
are directors and will be able to elect all of the members of our board of
directors, allowing them to exercise significant control of our affairs and
management. In addition, they may transact most corporate matters requiring
shareholder approval by written consent, without a duly-noticed and duly-held
meeting of shareholders.

14.  Our Common Stock may never be public traded and you may have no ability to
     sell the shares.

     There is no established public trading market for our shares of Common
Stock.

     There can be no assurance that a market for our Common Stock will be
established or that, if established, a market will be sustained. Therefore, if
you purchase our Common Stock you may be unable to sell them. Accordingly, you
should be able to bear the financial risk of losing your entire investment.

     Only market makers can apply to quote securities. Market makers who desire
to initiate quotations in the OTC Bulletin Board system must complete an
application (Form 211) (unless an exemption is applicable) and by doing so, will
have to represent that it has satisfied all applicable requirements of the
Securities and Exchange Commission Rule 15c2-11 and the filing and information
requirements promulgated under the National Association of Securities Dealers'
("NASD") Bylaws. The OTC Bulletin Board will not charge us with a fee for being
quoted on the service. NASD rules prohibit market makers from accepting any
remuneration in return for quoting issuers' securities on the OTC Bulletin Board
or any similar medium. The NASD Regulation, Inc. will review the market maker's
application (unless an exemption is applicable) and if cleared, it cannot be
assumed by any investor that any federal, state or self-regulatory requirements
other than certain NASD rules and Rule 15c2-11 have been considered by the NASD
Regulation, Inc. Furthermore, the clearance should not construed by any investor
as indicating that the NASD Regulation, Inc., the Securities and Exchange
Commission or any state securities commission has passed upon the accuracy or
adequacy of the documents contained in the submission.

     The OTC Bulletin Board is a market maker or dealer-driven system offering
quotation and trading reporting capabilities - a regulated quotation service -
that displays real-time quotes, last-sale prices, and volume information in OTC

                                      10.

<PAGE>

equity securities. The OTC Bulletin Board securities are not listed and traded
on the floor of an organized national or regional stock exchanges. Instead, OTC
Bulletin Board securities transactions are conducted through a telephone and
computer network connecting market makers or dealers in stocks.

     We have been assigned a trading symbol by the NASD and the assigned symbol
is PQLQ. However, there is no assurance that our Common Stock will be accepted
for listing on the OTC Bulletin Board.


15.  If our Common Stock does not meet blue sky resale requirements, certain
     shareholders may be unable to resell our Common Stock.

     The resale of Common Stock must meet the blue sky resale requirements in
the states in which the proposed purchasers reside. If we are unable to qualify
the Common Stock and there is no exemption from qualification in certain states,
the holders of the Common Stock or the purchasers of the Common Stock may be
unable to sell them.

16.  Our shareholders may face significant restrictions on the resale of our
     Common Stock due to state "blue sky" laws or if we are determined to be a
     "blank check" company.

     There are state regulations that may adversely affect the transferability
of our Common Stock. We have not registered our Common Stock for resale under
the securities or "blue sky" laws of any state. We may seek qualification or
advise our shareholders of the availability of an exemption. We are under no
obligation to register or qualify our Common Stock in any state or to advise the
shareholders of any exemptions.

     Current shareholders, and person who desire to purchase the Common Stock in
any trading market that may develop in the future, should be aware that there
might be significant state restrictions upon the ability of new investors to
purchase the Common Stock.

     Blue sky laws, regulations, orders, or interpretations place limitations on
offerings or sales of securities by "blank check" companies or in "blind-pool"
offerings, or if such securities represent "cheap stock" previously issued to
promoters or others. Our initial shareholders, because they originally paid $.10
for each share, may be deemed to hold "cheap stock." These limitations typically
provide, in the form of one or more of the following limitations, that such
securities are:

                                      11.

<PAGE>


     (a) Not eligible for sale under exemption provisions permitting sales
     without registration to accredited investors or qualified purchasers;

     (b) Not eligible for the transaction exemption from registration for
     non-issuer transactions by a registered broker-dealer;

     (c) Not eligible for registration under the simplified small corporate
     offering registration (SCOR) form available in many states;

     (d) Not eligible for the "solicitations of interest" exception to
     securities registration requirements available in many states;

     (e) Not permitted to be registered or exempted from registration, and thus
     not permitted to be sold in the state under any circumstances.

     Virtually all 50 states have adopted one or more of these limitations, or
other limitations or restrictions affecting the sale or resale of stock of blank
check companies or securities sold in "blind pool" offerings or "cheap stock"
issued to promoters or others. Specific limitations on such offerings have been
adopted in:


     Alaska            Nevada           Tennessee
     Arkansas          New Mexico       Texas
     California        Ohio             Utah
     Delaware          Oklahoma         Vermont
     Florida           Oregon           Washington
     Georgia           Pennsylvania
     Idaho             Rhode Island
     Indiana           South Carolina
     Nebraska          South Dakota

     Any secondary trading market that may develop, may only be conducted in
those jurisdictions where an applicable exemption is available or where the
shares have been registered.

     We do not have any legal opinions as it relates to whether we are a blind
pool or blank-check company. The Securities and Exchange Commission has adopted
a rule (Rule 419) which defines a blank-check company as (i) a development stage
company, that is (ii) offering penny stock, as defined by Rule 3a51-1, and (iii)
that has no specific business plan or purpose or has indicated that its business
plan is engage in a merger or acquisition with an unidentified company or

                                      12.

<PAGE>

companies. Certain jurisdictions may have definitions that are more restrictive
than Rule 419. We have been informed that the Securities and Exchange Commission
has cautioned that "it will scrutinize registered offerings for attempts to
create the appearance that the registrant... has a specific business plan, in an
effort to avoid the applicable of Rule 419. Provisions of Rule 419 apply to
every registration statement filed under the Securities Act of 1933, as amended,
relating to an offering by a blank-check company. We have never filed a
registration statement under the Securities Act of 1933, as amended.

     If we are later determined to be a so-called "blank check" company, certain
of our controlling shareholders may be required to file a registration statement
under the Securities Act of 1933, as amended, prior to the resale of the Common
Stock, unless there exists a transactional or security exemption for such sale
under the Securities Act of 1933, as amended. Current shareholders and person
who desire to purchase the Common Stock in any trading market that may develop
in the future, should be aware that the we are under no obligation to register
the shares on behalf of our shareholders under the Securities Act of 1933, as
amended.

     Our officers, directors and majority shareholders have expressed their
intentions not to engage in any transactions with respect to the Company's
Common Stock except in connection with or following a business combination
resulting in us no longer being defined as a blank check issuer.


17.  Our Common Stock may be subject to a significant restriction on resale due
     to federal penny stock restrictions.

     The Securities and Exchange Commission has adopted rules that regulate
broker or dealer practices in connection with transactions in penny stocks.
Penny stocks generally are equity securities with a price of less than $5.00
(other than securities registered on certain national securities exchanges or
quoted on the Nasdaq system, provided that current price and volume information
with respect to transactions in such securities is provided by the exchange
system). The penny stock rules require a broker or dealer, prior to a
transaction in a penny stock not otherwise exempt from the rules, to deliver a
standardized risk disclosure document prepared by the Securities and Exchange
Commission that provides information about penny stocks and the nature and level
of risks in the penny stock market. The broker or dealer also must provide the
customer with bid and offer quotations for the penny stock, the compensation of
the broker or dealer, and its salesperson in the transaction, and monthly

                                      13.

<PAGE>

account statements showing the market value of each penny stock held in the
customer's account. The penny stock rules also require that prior to a
transaction in a penny stock not otherwise exempt from such rules, the broker or
dealer must make a special written determination that a penny stock is a
suitable investment for the purchaser and receive the purchaser's written
agreement to the transaction.

     These disclosure requirements may have the effect of reducing the level of
trading activity in any secondary market for our stock that becomes subject to
the penny stock rules, and accordingly, shareholders of our Common Stock may
find it difficult to sell their securities, if at all.

Plan of Operation

     We intend to seek to acquire assets or shares of an entity actively engaged
in business that generates revenues in exchange for its securities. We have no
particular acquisitions in mind and we are not currently engaged in any
negotiations regarding any such acquisition.

General Business Plan

     Our purpose is to seek, investigate and, if such investigation warrants,
acquire an interest in business opportunities presented to it by persons or
firms who or which desire to seek the advantages of a company who has complied
with the 1934 Act. We will not restrict our search to any specific business,
industry, or geographical location and we may participate in a business venture
of virtually any kind or nature. This discussion of the proposed business is
purposefully general and is not meant to be restrictive of our virtually
unlimited discretion to search for and enter into potential business
opportunities. We anticipate that we may be able to participate in only one
potential business venture because we have nominal assets and limited financial
resources. This lack of diversification should be considered a substantial risk
to our shareholders because it will not permit us to offset potential losses
from one venture against gains from another.

     We may seek a business opportunity with entities which have recently
commenced operations, or which wish to utilize the public marketplace in order
to raise additional capital in order to expand into new products or markets, to
develop a new product or service, or for other corporate purposes.

     We anticipate that the selection of a business opportunity in which to
participate will be complex and extremely risky. Due to general economic
conditions, rapid technological advances being made in some industries and
shortages of available capital, management believes that there are numerous

                                      14.

<PAGE>

firms seeking the benefits of an Issuer who has complied with the 1934 Act. Such
benefits may include facilitating or improving the terms on which additional
equity financing may be sought, providing liquidity for incentive stock options
or similar benefits to key employees, providing liquidity (subject to
restrictions of applicable statutes), for all shareholders.

     We have made no determination as to whether or not it will file periodic
reports in the event our obligation to file such reports is suspended under the
1934 Act. Bonita R. Alveraz, an officer and director of the Company, has agreed
to provide the necessary funds, without interest, for the Company to comply with
the 1934 Act reporting requirements, provided that she is an officer and
director of the Company when the obligation is incurred.

     It is anticipated that we will incur nominal expenses in the implementation
of our business plan described herein. Because we have no capital with which to
pay these anticipated expenses, Bonita R. Alveraz will pay these charges with
her personal funds, as interest free loans to the Company or as capital
contributions.


Competition

     We will remain an insignificant participant among the firms that engage in
the acquisition of business opportunities. There are many established venture
capital and financial concerns which have significantly greater financial and
personnel resources and technical expertise than the Company. In view of our
combined extremely limited financial resources and limited management
availability, we will continue to be at a significant competitive disadvantage
compared to our competitors.

Investment Company Act of 1940

     Although we will be subject to regulation under the Securities Act of 1933,
as amended, and the 1934 Act, our management believes that we will not be
subject to regulation under the Investment Company Act of 1940 insofar as the
Company will not be engaged in the business of investing or trading in
securities. In the event we engage in business combinations that result in the
Company holding passive investment interests in a number of entities, we could
be subject to regulation under the Investment Company Act of 1940. In such
event, we would be required to register as an investment company and could be
expected to incur significant registration and compliance costs. We have
obtained no formal determination from the Securities and Exchange Commission as

                                      15.

<PAGE>

to the status of the Company under the Investment Company Act of 1940 and,
consequently, any violation of such Act would subject the Company to material
adverse consequences.

Employees

     We have no full time or part-time employees.

     None of the officers and directors anticipates devoting more than ten (10%)
percent of his or her time to our activities. Our President and Secretary have
agreed to allocate a portion of said time to the activities of the Company,
without compensation. These officers anticipate that the business plan of the
Company can be implemented by their devoting minimal time per month to the
business affairs of the Company and, consequently, conflicts of interest may
arise with respect to the limited time commitment by such officers.

Item 2.   DESCRIPTION OF PROPERTY.

     We have no properties and at this time has no agreements to acquire any
properties.

     We presently occupy office space supplied by our registered agent
representative in the State of Nevada at 6767 Tropicana Avenue, Suite 207, Las
Vegas, Nevada 89103. This space is provided to the Company on a rent free basis,
and it is anticipated that this arrangement will remain until such time as the
Company successfully consummates a merger or acquisition. Management believes
that this arrangement will meet the Company's needs for the foreseeable future.

Item 3.   LEGAL PROCEEDINGS.

     There is no litigation pending or threatened by or against the Company.

Item 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

     There have been no matters submitted to the Company's security holders.


                                      16.

<PAGE>

                                     PART II


Item 5.   MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND SMALL
          BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES.

     (a) Market Price.

     Although our Common Stock is quoted on the Pink Sheets [PQLQ], there is no
established trading market in our Common Stock.

     The Securities and Exchange Commission adopted Rule 15g-9, which
established the definition of a "penny stock," for purposes relevant to the
Company, as any equity security that has a market price of less than $5.00 per
share or with an exercise price of less than $5.00 per share, subject to certain
exceptions. For any transaction involving a penny stock, unless exempt, the
rules require: (i) that a broker or dealer approve a person's account for
transactions in penny stocks; and (ii) the broker or dealer receive from the
investor a written agreement to the transaction, setting forth the identity and
quantity of the penny stock to be purchased. In order to approve a person's
account for transactions in penny stocks, the broker or dealer must (i) obtain
financial information and investment experience and objectives of the person;
and (ii) make a reasonable determination that the transactions in penny stocks
are suitable for that person and that person has sufficient knowledge and
experience in financial matters to be capable of evaluating the risks of
transactions in penny stocks. The broker or dealer must also deliver, prior to
any transaction in a penny stock, a disclosure schedule prepared by the
Commission relating to the penny stock market, which, in highlight form, (i)
sets forth the basis on which the broker or dealer made the suitability
determination; and (ii) that the broker or dealer received a signed, written
agreement from the investor prior to the transaction. Disclosure also has to be
made about the risks of investing in penny stock in both public offering and in
secondary trading, and about commissions payable to both the broker-dealer and
the registered representative, current quotations for the securities and the
rights and remedies available to an investor in cases of fraud in penny stock
transactions. Finally, monthly statements have to be sent disclosing recent
price information for the penny stock held in the account and information on the
limited market in penny stocks.


     For the initial listing in the NASDAQ SmallCap market, a company must have
net tangible assets of $4 million or market capitalization of $50 million or a
net income (in the latest fiscal year or two of the last fiscal years) of
$750,000, a public float of 1,000,000 shares with a market value of $5 million.
The minimum bid price must be $4.00 and there must be 3 market makers. In
addition, there must be 300 shareholders holding 100 shares or more, and the
company must have an operating history of at least one year or a market
capitalization of $50 million.

                                      17.

<PAGE>

     For continued listing in the NASDAQ SmallCap market, a company must have
net tangible assets of $2 million or market capitalization of $35 million or a
net income (in the latest fiscal year or two of the last fiscal years) of
$500,000, a public float of 500,000 shares with a market value of $1 million.
The minimum bid price must be $1.00 and there must be 2 market makers. In
addition, there must be 300 shareholders holding 100 shares or more.

     Management intends to strongly consider undertaking a transaction with any
merger or acquisition candidate that will allow our securities to be traded
without the aforesaid limitations. However, there can be no assurances that,
upon a successful merger or acquisition, we will qualify our securities for
listing on NASDAQ or some other national exchange, or be able to maintain the
maintenance criteria necessary to insure continued listing. The failure of the
Company to qualify our securities or to meet the relevant maintenance criteria
after such qualification in the future may result in the discontinuance of the
inclusion of the Company's securities on a national exchange. In such events,
trading, if any, in our securities may then continue in the non-NASDAQ
over-the-counter market. As a result, a shareholder may find it more difficult
to dispose of, or to obtain accurate quotations as to the market value of, the
Company's securities.

     (b) Holders.

     There are twenty five (25) holders of the Company's Common Stock. On
December 11, 1996, we issued 2,200,000, (as adjusted for a stock dividend) of
our Common Stock for cash. All of the issued and outstanding shares of the
Company's Common Stock were issued in accordance with the exemption from
registration afforded by Section 4(2) of the Securities Act of 1933, as amended.

     Currently, all of our issued and outstanding shares of Common Stock held by
non-affiliates are eligible for sale under Rule 144 promulgated under the
Securities Act of 1933, as amended, subject to certain limitations included in
said Rule. In general, under Rule 144, a person (or persons whose shares are
aggregated), who has satisfied a one year holding period, under certain
circumstances, may sell within any three-month period a number of shares which
does not exceed the greater of one percent of the then outstanding Common Stock
or the average weekly trading volume during the four calendar weeks prior to
such sale. Rule 144 also permits, under certain circumstances, the sale of
shares without any quantity limitation by a person who has satisfied a two-year
holding period and who is not, and has not been for the preceding three months,
an affiliate of the Company.

                                      18.

<PAGE>

     In summary, Rule 144 applies to affiliates (that is, control persons) and
nonaffiliates when they resell restricted securities (those purchased from the
issuer or an affiliate of the issuer in nonpublic transactions). Nonaffiliates
reselling restricted securities, as well as affiliates selling restricted or
nonrestricted securities, are not considered to be engaged in a distribution
and, therefore, are not deemed to be underwriters as defined in Section 2(11),
if six conditions are met:

     (1)  Current public information must be available about the issuer unless
          sales are limited to those made by nonaffiliates after two years.

     (2)  When restricted securities are sold, generally there must be a
          one-year holding period.

     (3)  When either restricted or nonrestricted securities are sold by an
          affiliate after one year, there are limitations on the amount of
          securities that may be sold; when restricted securities are sold by
          non-affiliates between the first and second years, there are identical
          limitations; after two years, there are no volume limitations for
          resales by non-affiliates.

     (4)  Except for sales of restricted securities made by nonaffiliates after
          two years, all sales must be made in brokers' transactions as defined
          in Section 4(4) of the Securities Act of 1933, as amended, or a
          transaction directly with a "market maker" as that term is defined in
          Section 3(a)(38) of the 1934 Act.

     (5)  Except for sales of restricted securities made by nonaffiliates after
          two years, a notice of proposed sale must be filed for all sales in
          excess of 500 shares or with an aggregate sales price in excess of
          $10,000.

     (6)  There must be a bona fide intention to sell within a reasonable time
          after the filing of the notice referred to in (5) above.

     We have been informed that the Securities and Exchange Commission believes
that any selling shareholder who is a promoter, affiliate and/or underwriter of
a so-called "blank check" issuer or those individuals acting in the capacity of
management, affiliates, control persons and promoters may not have available to
them the exemption under Rule 144 for any resale transaction, regardless of
technical compliance with the rule because any resale transactions may be deemed
to be designed to distribute or redistribute securities to the public without
compliance with the Securities Act of 1933, as amended.

                                      19.

<PAGE>

     (c) Dividends.

     We have not paid any stock dividends and cash dividends to date and have no
plans to pay any stock or cash dividends in the immediate future.

     (d) Application of California law.

     Section 2115 of the California General Corporation law provides that a
corporation incorporated under the laws of a jurisdiction other than California,
but which has more than one-half of its "outstanding voting securities" and
which has a majority of its property, payroll and sales in California, based on
the factors used in determining its income allocable to California on its
franchise tax returns, may be required to provide cumulative voting until such
time as the Company has its shares listed on certain national securities
exchanges, or designated as a national market security on NASDAQ (subject to
certain limitations). Accordingly, holders of our Common Stock may be entitled
to one vote for each share of Common Stock held and may have cumulative voting
rights in the election of directors. This means that holders are entitled to one
vote for each share of Common Stock held, multiplied by the number of directors
to be elected, and the holder may cast all such votes for a single director, or
may distribute them among any number of all of the directors to be elected.

     Our existing directors who are also shareholders, acting in harmony, will
be able to elect all of the members of the board of directors even if Section
2115 is applicable.

     (e) Purchases of Equity Securities.

     We (and affiliated purchasers) have made no purchases or repurchases of any
securities of any issuer.


Item 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR  PLAN OF OPERATION.

     This discussion may contain certain forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Actual results
could differ materially from those forward-looking statements. The factors that
may cause actual results to differ materially is that the Company has no
arrangement, agreement or understanding with respect to engaging in a merger
with, joint venture with or acquisition of, a private or public company and that
there can be no assurance that the Company will be successful in identifying and
evaluating suitable business opportunities or completing a business combination.

Plan of Operation.

     We will continue to seek a new business opportunity or business combination
over the next twelve month period of time. We are currently not engaged in any

                                      20.

<PAGE>

preliminary negotiations to effectuate a business combination. The majority
shareholders have had no preliminary negotiations that, if consummated, may
result in a change in control. We have been informed that, if, pursuant to any
arrangement or understanding with the person or persons acquiring securities in
a transaction subject to the 1934 Act, any persons are to be elected or
designated as directors of the Company, otherwise than at a meeting of security
holders, and the persons so elected or designated will constitute a majority of
the directors of the Company, then, not less than 10 days prior to the date any
such persons take office as a director, or such shorter period prior to the date
the Securities and Exchange Commission may authorize upon a showing of good
cause therefore, the Company shall file with the Securities and Exchange
Commission and transmit to all holders of record of securities of the Company
who would be entitled to vote at a meeting for election of directors,
information substantially equivalent to certain information which would be
required by Schedule 14A of Regulation 14A to be transmitted if such person or
persons were nominees for election as directors at a meeting of such security
holders.

     We are dependent upon our officers to meet any de minimis costs that we may
incur. Bonita R. Alverez, an officer and director of the Company, has agreed to
provide the necessary funds, without interest, for us to comply with the 1934
Act; provided that she is an officer and director of the Company when the
obligation is incurred. As part of any transaction that may result in the change
in our control, Bonita R. Alverez may forgive the indebtedness owed to her by
us.

     Since we have had no operating history nor any revenues or earnings from
operations, with no significant assets or financial resources, we will in all
likelihood continue to sustain operating expenses without corresponding
revenues, at least until the consummation of a business combination. This may
result in us incurring a net operating loss which will increase continuously
until we can consummate a business combination with a profitable business
opportunity and consummate such a business combination.

Financial Condition.

     Our auditor's going concern opinion and the notation in the financial
statements indicate that we do not have significant cash or other material
assets and that we are relying on advances from stockholders, officers and
directors to meet limited operating expenses. We do not have sufficient cash or
other material assets or do we have sufficient operations or an established
source of revenue to cover our operational costs that would allow us to continue
as a going concern. We are insolvent in that we are unable to pay our debts in

                                      21.

<PAGE>

the ordinary course of business as they become due. Our financial statements do
not include any adjustments relating to the recoverability and classification of
asset carrying amounts and classification of liabilities that might result
should we be unable to continue as a going concern.

     We are unable to predict our future income; accordingly, we do not know
when our operating expenses and operating losses will cease and when we will
begin reducing our accumulated deficit and commence repayment of the officers'
advances, if ever.

Liquidity.

     As of December 31, 2005, we had total liabilities of $6,325 and we had a
negative net worth of $6,325. As of December 31, 2004, we had total liabilities
of $3,320 and a negative net worth of $3,320. Our net worth and total
liabilities each increased by 3,005.

     We have had no revenues from inception through December 31, 2005. We have a
loss from inception through December 31, 2005 of $3,005. Our loss from inception
through December 31, 2004 was $2,175 or an increase of $830.

     We have officer's advances of $6,325 from inception to December 31, 2005.
The officer's advances as of December 31, 2004 were $3,320 or an increase of
$3,005 from the prior year.

Accounting for a Business Combination.

     In July 2001, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards "SFAS" No. 141, "Business Combinations" and SFAS
No. 142, "Goodwill and Other Intangible Assets." SFAS No. 141 requires business
combinations initiated after June 30, 2001 to be accounted for using the
purchase method of accounting, and broadens the criteria for recording
intangible assets separate from goodwill. Recorded goodwill and intangibles will
be evaluated against these new criteria and may result in certain intangibles
being subsumed into goodwill, or alternatively, amounts initially recorded as
goodwill may be separately identified an recognized apart from goodwill. SGAS
No. 142 requires the use of a non-amortization approach to account for purchased
goodwill and certain intangibles. Under a non-amortization approach, goodwill
and certain intangibles is more than its fair value. Goodwill is the excess of
the acquisition costs of the acquired entity over the fair value of the
identifiable net assets acquired. The Company is required to test goodwill and

                                      22.

<PAGE>

intangible assets that are determined to have an indefinite life for impairments
at least annually. The provisions of SFAS No. 142 require the completion of an
annual impairment test with any impairment recognized in current earnings. The
provisions of SFAS No. 141 and SFAS No. 142 may be applicable to any business
combination that we may enter into in the future.

     We have also been informed that most business combinations will be
accounted for as a reverse acquisition with us being the surviving registrant.
As a result of any business combination, if the acquired entity's shareholders
will exercise control over us, the transaction will be deemed to be a capital
transaction where we are treated as a non-business entity. Therefore, the
accounting for the business combination is identical to that resulting from a
reverse merger, except no goodwill or other intangible assets will be recorded.
For accounting purposes, the acquired entity will be treated as the accounting
acquirer and, accordingly, will be presented as the continuing entity.


Item 7.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.


                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)

                                FINANCIAL REPORTS

                                DECEMBER 31, 2005






                                      23.


<PAGE>


                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)

                                    CONTENTS







REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                  F-1
----------------------------------------------------------------------------

FINANCIAL STATEMENTS

   Balance Sheets                                                        F-2

   Statements of Operations                                              F-3

   Statements of Stockholders' Deficit                                   F-4

   Statements of Cash Flows                                              F-5

   Notes to Financial Statements                                   F-6 - F-9
----------------------------------------------------------------------------

<PAGE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors
Parque La Quinta Estates
Las Vegas, Nevada


I have audited the accompanying balance sheets of Parque La Quinta Estates (A
Development Stage Enterprise) as of December 31, 2005 and 2004, and the related
statements of operations, stockholders' equity (deficit), and cash flows for the
years then ended and the period October 29, 1992 (inception) through December
31, 2005. These financial statements are the responsibility of the Company's
management. My responsibility is to express an opinion on these financial
statements based on my audit.

I conducted my audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that I plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. I believe that my audit provides a reasonable
basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Parque La Quinta Estates (A
Development Stage Enterprise) as of December 31, 2005 and 2004 and the results
of its operations and cash flows for the years then ended and the period October
29, 1992 (inception) through December 31, 2005, in conformity with generally
accepted accounting principles.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 1 to the
financial statements, the Company has limited operations and has no established
source of revenue. This raises substantial doubt about its ability to continue
as a going concern. Management's plan in regard to these matters is also
described in Note 1. The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.



Kyle L. Tingle, CPA, LLC


January 3, 2006
Las Vegas, Nevada

                                      F-1

<PAGE>
<TABLE>
<CAPTION>


                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                                 BALANCE SHEETS


                                                                                       December 31,      December 31,
                                                                                                2005             2004
                                                                                       -------------     ------------

                                                 ASSETS

<S>                                                                                    <C>               <C>
CURRENT ASSETS
     Cash                                                                              $           0     $          0
                                                                                       -------------     ------------
            Total current assets                                                       $           0     $          0
                                                                                       -------------     ------------
                   Total assets                                                        $           0     $          0
                                                                                       =============     ============

                                  LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
     Accounts payable                                                                  $           0     $          0
     Officers advances                                                                         6,325            3,320
                                                                                       -------------     ------------
            Total current liabilities                                                  $       6,325     $      3,320
                                                                                       -------------     ------------

STOCKHOLDERS' DEFICIT
     Common stock: $.001 par value;
        authorized 25,000,000 shares;
        issued and outstanding:
        2,200,000 shares at December 31, 2005 and 2004:                                $       2,200     $      2,200
     Additional paid in capital                                                               19,800           19,800
     Accumulated deficit during development stage                                            (28,325)         (25,320)
                                                                                       -------------     ------------
            Total stockholders' deficit                                                $      (6,325)    $     (3,320)
                                                                                       -------------     ------------
                   Total liabilities and
                   stockholders' deficit                                               $           0     $          0
                                                                                       =============     ============
</TABLE>


See Accompanying Notes to Financial Statements.

                                      F-2

<PAGE>
<TABLE>
<CAPTION>


                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                            STATEMENTS OF OPERATIONS



                                                                                                           Oct. 29, 1992
                                                                                                          (inception) to
                                                                         December 31,      December 31,     December 31,
                                                                                 2005              2004             2005
                                                                         ------------     -------------   --------------

<S>                                                                      <C>              <C>             <C>
Revenues                                                                 $          0     $           0   $            0

Cost of revenue                                                                     0                 0                0
                                                                         ------------     -------------   --------------

           Gross profit                                                  $          0     $           0   $            0

General, selling and administrative expenses                                    3,005             2,175           28,325
                                                                         ------------     -------------   --------------
           Operating (loss)                                              $     (3,005)    $      (2,175)  $      (28,325)

Nonoperating income (expense)                                                       0                 0                0
                                                                         ------------     -------------   --------------

   Net (loss)                                                            $     (3,005)    $      (2,175)  $      (28,325)
                                                                         ============     =============   ==============

   Net (loss) per share, basic
   and diluted (Note 2)                                                  $     (0.00)     $      (0.00)   $       (0.01)
                                                                         ============     =============   ==============
   Average number of shares
   of common stock outstanding                                              2,200,000         2,200,000        2,200,000
                                                                         ============     =============   ==============

</TABLE>


See Accompanying Notes to Financial Statements.

                                      F-3

<PAGE>
<TABLE>
<CAPTION>


                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                   STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)



                                                                                              ACCUMULATED
                                                                                                (DEFICIT)
                                                    COMMON STOCK               ADDITIONAL        DURING
                                               -----------------------          PAID-IN        DEVELOPMENT
                                                SHARES          AMOUNT          CAPITAL           STAGE           TOTAL
                                               ----------    -----------    -------------     ------------    ------------
<S>                                            <C>           <C>            <C>               <C>             <C>
Issuance of Common Stock,
   November 8, 1992                            2,200,000     $     2,200    $      19,800     $         -     $   22,000
Net loss, December 31, 1992                                                                          (340)          (340)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 1992                     2,200,000     $     2,200    $      19,800     $      (340)    $   21,660
Net loss, December 31, 1993                                                                       (21,660)       (21,660)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 1993                     2,200,000     $     2,200    $      19,800     $   (22,000)    $        -
Net loss, December 31, 1994                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 1994                     2,200,000     $     2,200    $      19,800     $   (22,085)    $      (85)
Net loss, December 31, 1995                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 1995                     2,200,000     $     2,200    $      19,800     $   (22,170)          (170)
Net loss, December 31, 1996                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 1996                     2,200,000     $     2,200    $      19,800     $   (22,255)          (255)
Net loss, December 31, 1997                                                                          (380)          (380)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 1997                     2,200,000     $     2,200    $      19,800     $   (22,635)          (635)
Net loss, December 31, 1998                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 1998                     2,200,000     $     2,200    $      19,800     $   (22,720)          (720)
Net loss, December 31, 1999                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 1999                     2,200,000     $     2,200    $      19,800     $   (22,805)          (805)

July 3, 2000, changed from no
    par value to $.001                                            (2,200)           2,200
July 3, 2000, forward stock
    100:1                                                          2,200           (2,200)

Net loss, December 31, 2000                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 2000                     2,200,000     $     2,200    $      19,800     $   (22,890)          (890)
Net loss, December 31, 2001                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 2001                     2,200,000     $     2,200    $      19,800     $   (22,975)          (975)
Net loss, December 31, 2002                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 2002                     2,200,000     $     2,200    $      19,800     $   (23,060)        (1,060)
Net loss, December 31, 2003                                                                           (85)           (85)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 2003                     2,200,000     $     2,200    $      19,800     $   (23,145)        (1,145)
Net loss, December 31, 2004                                                                        (2,175)        (2,175)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 2004                     2,200,000     $     2,200    $      19,800     $   (25,320)        (3,320)
Net loss, December 31, 2005                                                                        (3,005)        (3,005)
                                               ----------    -----------    -------------     ------------    ------------
Balance, December 31, 2005                     2,200,000     $     2,200    $      19,800     $   (28,325)    $   (6,325)
                                               ==========    ===========    =============     ============    ============

</TABLE>


See Accompanying Notes to Financial Statements.

                                      F-4

<PAGE>
<TABLE>
<CAPTION>


                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                            STATEMENTS OF CASH FLOWS


                                                                                                         Oct. 29, 1992
                                                                                                        (inception) to
                                                                       December 31,      December 31,     December 31,
                                                                               2005              2004             2005
                                                                       ------------     -------------    -------------
<S>                                                                    <C>              <C>              <C>
Cash Flows From
Operating Activities
    Net (loss)                                                         $     (3,005)    $      (2,175)   $     (28,325)
    Adjustments to  reconcile  net (loss)
         to cash (used in) operating activities:
    Changes in assets and liabilities
    Increase in accounts payable                                                  0                 0                0
                                                                       ------------     -------------    -------------

         Net cash (used in) operating activities                       $     (3,005)    $      (2,175)   $     (28,325)
                                                                       ------------     -------------    -------------

Cash Flows From Investing Activities                                   $          0     $           0    $           0
                                                                       ------------     -------------    -------------

Cash Flows From Financing Activities
Issuance of common stock                                               $          0     $           0    $      22,000
Increase in officer advances                                                  3,005             2,175            6,325
                                                                       ------------     -------------    -------------

         Net cash provided by financing activities                     $      3,005     $       2,175    $      28,325
                                                                       ------------     -------------    -------------

         Net increase (decrease) in cash                               $          0     $           0    $           0

Cash, beginning of period                                              $          0     $           0    $           0
                                                                       ------------     -------------    -------------

Cash, end of period                                                    $          0     $           0    $           0
                                                                       ============     =============    =============

SUPPLEMENTAL INFORMATION

Interest paid                                                          $           0    $           0    $           0
                                                                       ============     =============    =============
Income taxes paid                                                      $           0    $           0    $           0
                                                                       ============     =============    =============

</TABLE>


See Accompanying Notes to Financial Statements.

                                      F-5

<PAGE>


                            PARQUE LA QUINTA ESTATES
                        (ADEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1.  NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

NATURE OF BUSINESS:

Parque La Quinta Estates  ("Company")  was organized  October 29, 1992 under the
laws of the State of Nevada.  The Company currently has limited  operations and,
in accordance  with  Statement of Financial  Accounting  Standard  (SFAS) No. 7,
"ACCOUNTING  AND REPORTING BY DEVELOPMENT  STAGE  ENTERPRISES,"  is considered a
Development Stage Enterprise.

A SUMMARY OF THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES IS AS FOLLOWS:

ESTIMATES

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

CASH

For the Statements of Cash Flows, all highly liquid investments with maturity of
three months or less are considered to be cash  equivalents.  There were no cash
equivalents as of December 31, 2005 and 2004.

INCOME TAXES

Income  taxes are  provided  for using the  liability  method of  accounting  in
accordance with SFAS No. 109 "ACCOUNTING FOR INCOME TAXES." A deferred tax asset
or liability is recorded for all temporary differences between financial and tax
reporting.  Temporary  differences  are the  differences  between  the  reported
amounts of assets and liabilities  and their tax basis.  Deferred tax assets are
reduced by a valuation allowance when, in the opinion of management,  it is more
likely than not that some  portion or all of the deferred tax assets will not be
realized.  Deferred  tax assets and  liabilities  are adjusted for the effect of
changes in tax laws and rates on the date of enactment.

GOING CONCERN

The Company's  financial  statements  are prepared in accordance  with generally
accepted accounting  principles applicable to a going concern. This contemplates
the  realization  of assets and the  liquidation  of  liabilities  in the normal
course of business.  Currently,  the Company does not have  significant  cash of
other  material  assets,  nor does it have  operations  or a source  of  revenue
sufficient  to cover its  operation  costs and allow it to  continue  as a going
concern.  Until  the  Company  has  sufficient  operations,   the  stockholders,
officers,  and directors have committed to advancing the operating  costs of the
company.

                                      F-6

<PAGE>



                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1.  NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

RECENT ACCOUNTING PRONOUNCEMENTS


In December 2004, the Financial  Accounting Standards Board ("FASB") issued SFAS
No. 123R "SHARE  BASED  PAYMENT."  This  statement is a revision to SFAS 123 and
supersedes  Accounting  Principles  Board (APB) Opinion No. 25,  "Accounting for
Stock Issued to Employees," and amends FASB Statement No. 95, "Statement of Cash
Flows." This statement  requires a public entity to expense the cost of employee
services received in exchange for an award of equity instruments. This statement
also  provides  guidance  on valuing  and  expensing  these  awards,  as well as
disclosure  requirements  of  these  equity  arrangements.   This  statement  is
effective  for the first  interim  reporting  period that begins  after June 15,
2005.

     SFAS 123R permits  public  companies to choose  between the  following  two
     adoption methods:

     1. A "modified prospective" method in which compensation cost is recognized
     beginning  with the effective  date (a) based on the  requirements  of SFAS
     123R for all share-based  payments granted after the effective date and (b)
     based on the  requirements  of  Statement  123 for all  awards  granted  to
     employees  prior to the effective date of SFAS 123R that remain unvested on
     the effective date, or

     2. A "modified retrospective" method which includes the requirements of the
     modified  prospective  method described above, but also permits entities to
     restate  based on the  amounts  previously  recognized  under  SFAS 123 for
     purposes of pro forma disclosures either (a) all prior periods presented or
     (b) prior interim periods of the year of adoption.

As we do not  currently  have share based  payments,  we expect no impact to the
financial statements due to the adoption of SFAS 123R.

In March 2005,  the FASB issued FASB  Interpretation  ("FIN") No. 47 "ACCOUNTING
FOR  CONDITIONAL  ASSET  RETIREMENT   OBLIGATIONS--AN   INTERPRETATION  OF  FASB
STATEMENT NO. 143" ("FIN No. 47").  FIN No. 47 clarifies the timing of liability
recognition for legal  obligations  associated with the retirement of a tangible
long-lived  asset when the timing and/or method of settlement are conditional on
a future event.  FIN No. 47 is effective for us no later than December 31, 2005.
We do not expect that the adoption of FIN No. 47 will have a material  impact on
our financial condition or results of operations.

In May  2005,  the FASB  issued  SFAS No.  154,  "ACCOUNTING  CHANGES  AND ERROR
CORRECTIONS,  A REPLACEMENT  OF APB NO. 20 AND FASB  STATEMENT NO. 3" ("SFAS No.
154").  SFAS No.  154  requires  retrospective  application  to  prior  periods'
financial  statements of a voluntary change in accounting principle unless it is
impracticable. APB Opinion No. 20 "Accounting Changes," previously required that
most voluntary changes in accounting principle be recognized by including in net
income of the period of the change the cumulative  effect of changing to the new
accounting principle.  This statement is effective for our Company as of January
1, 2006.  The Company  does not believe  that the  adoption of SFAS No. 154 will
have a material impact on our financial statements.

                                      F-7

<PAGE>


                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 2.  STOCKHOLDERS' EQUITY (DEFICIT)

COMMON STOCK

The authorized  common stock of the Company  consists of 25,000,000  shares with
par value of $0.001.  On November 8, 1992,  the  Company  authorized  and issued
22,000 shares of common stock in consideration of $22,000 in cash.

On June 29,  2000,  the  Company's  shareholders  approved an  amendment  to the
Articles of Incorporation to increase its capitalization and to forward split of
its common stock at one hundred shares for one share of the existing shares.

On July 3, 2000,  the State of Nevada  approved  the  Company's  Certificate  of
Amendment to the Articles of Incorporation,  which increased its  capitalization
from 25,000  common  shares to 25,000,000  common  shares.  The no par value was
changed to $0.001  per share.  The  number of common  stock  shares  outstanding
increased from 22,000 to 2,200,000.  Prior period  information has been restated
to reflect the stock split

The Company has not authorized any preferred stock.

NET LOSS PER COMMON SHARE

Net loss per share is calculated in accordance with SFAS No. 128,  "EARNINGS PER
SHARE." The  weighted-average  number of common shares  outstanding  during each
period  is used to  compute  basic  loss per  share.  Diluted  loss per share is
computed  using the weighted  averaged  number of shares and dilutive  potential
common shares  outstanding.  Dilutive  potential  common  shares are  additional
common shares assumed to be exercised.

Basic  net loss per  common  share is based on the  weighted  average  number of
shares of common  stock  outstanding  of 2,200,000  during 2005,  2004 and since
inception. As of December 31, 2005 and 2004 and since inception, the Company had
no dilutive potential common shares.

NOTE 3.  INCOME TAXES

We did not provide any current or deferred U.S.  federal income tax provision or
benefit for any of the periods presented  because we have experienced  operating
losses  since  inception.  We  provided a full  valuation  allowance  on the net
deferred tax asset,  consisting of net  operating  loss  carryforwards,  because
management has determined  that it is more likely than not that we will not earn
income  sufficient  to realize the deferred tax assets  during the  carryforward
period.

The  components of the Company's  deferred tax asset as of December 31, 2005 and
2004 is as follows:

                                                         2005              2004
                                                -------------     -------------
    Net operating loss carryforward             $       9,914     $       8,862
    Valuation allowance                                (9,914)           (8,862)
                                                -------------     -------------
    Net deferred tax asset                      $           0     $           0
                                                =============     =============

                                      F-8

<PAGE>


                            PARQUE LA QUINTA ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 3.  INCOME TAXES (CONTINUED)

     A  reconciliation  of income taxes  computed at the  statutory  rate to the
     income tax amount recorded is as follows:

<TABLE>
<CAPTION>

                                                         2005              2004     SINCE INCEPTION
                                                -------------     -------------    ----------------
<S>                                             <C>               <C>              <C>
    Tax at statutory rate (35%)                 $       1,052               761    $       9,914
    Increase in valuation allowance                    (1,052)             (761)          (9,914)
                                                -------------     -------------    ----------------
   Net deferred tax asset                       $          0      $           0    $           0
                                                =============     =============    ================

</TABLE>



The net federal  operating loss carry forward will expire between 2012 and 2025.
This  carry  forward  may  be  limited  upon  the  consummation  of  a  business
combination under IRC Section 381.

NOTE 4.  RELATED PARTY TRANSACTIONS

The  Company  neither  owns  nor  leases  any  real or  personal  property.  The
registered  agent of the corporation  provides  office services  without charge.
Such costs are immaterial to the financial statements and accordingly,  have not
been reflected therein.  The officers and directors for the Company are involved
in other business  activities and may, in the future,  become  involved in other
business  opportunities.  If a specific business  opportunity becomes available,
such  persons  may face a conflict  in  selecting  between the Company and their
other  business  interest.  The  Company  has not  formulated  a policy  for the
resolution of such conflicts.

NOTE 5.  WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of
common stock of the Company.

NOTE 6.  OFFICERS ADVANCES

The Company incurred costs of incorporation and other fees prior to the issuance
of stock.  An officer of the Company has advanced funds on behalf of the Company
to pay for these costs. These funds have been advanced interest free.



                                      F-9

<PAGE>


Item 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL DISCLOSURE.

     There have been no change no disagreements with the accountants or the
accountant's findings.

Item 8A.  CONTROLS AND PROCEDURES.

Evaluation of Disclosure on Controls and Procedures.

     Based on an evaluation of our disclosure controls and procedures as of the
end of the period covered by this annual report, our president and treasurer
have determined that the our current disclosure controls and procedures are
effective.

Changes in Internal Control Over Financial Reporting.

     There have not been any changes in our internal control over financial
reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act) or
any other factors during the fiscal year ended December 31, 2005, that have
materially affected, or are reasonably likely to materially affect our internal
control over financial reporting.

Item 8B.  OTHER INFORMATION.

     We have no information that we would have been required to disclose in a
report on Form 8-K during a fourth quarter of the year covered by this Form
10-KSB.


                                      24.

<PAGE>

                                    PART III

Item 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
          COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

     The members of our Board of Directors serve until the next annual meeting
of the stockholders, or until their successors have been elected. The officers
serve at the pleasure of the Board of Directors. Information as to the directors
and executive officers of the Company is as follows:

                  NAME                     AGES         POSITION

                  Bonita R. Alverez         45          President and Director
                  7162 Acorn Court
                  Las Vegas, NV  89147

                  Deborah J. Koeberl        33          Secretary, Treasurer and
                  29243 Palm View Lane                  Director
                  Highland, CA  92346

                  Gary W. Koeberl           35          Director
                  29243 Palm View Lane
                  Highland, CA  92346

     The principal occupation and business experience during the last five years
for each of the present directors and executive officers (and promoters,
affiliates and control persons) of the Company are as follows:


                  NAME                     AGES         POSITION

                  Bonita R. Alvarez         45          President and Director
                  7162 Acorn Court
                  Las Vegas, NV  89147


                  Deborah J. Koeberl        33          Secretary, Treasurer and
                  29243 Palm View Lane                  Director
                  Highland, CA  92346

                  Gary W. Koeberl           35          Director
                  29243 Palm View Lane
                  Highland, CA  92346

     The above listed officers and directors will serve until the next annual
meeting of the shareholders or until their death, resignation, retirement,
removal, or disqualification, or until their successors have been duly elected
and qualified. Vacancies in the existing Board of Directors are filled by
majority vote of the remaining Directors. Officers of the Company serve at the
will of the Board of Directors. There are no agreements or understandings for
any officer or director to resign at the request of another person and no
officer or director is acting on behalf of or will act at the direction of any
other person.

Resumes

     Bonita R. Alvarez

     Bonita R. Alvarez is the President and a Director of the Company. From 1986
     to 1991, she was employed by Las Vegas Events, Inc. as a Special Events and
     Advertising Coordinator responsible for organizing and coordinating staged
     events in conjunction with the Las Vegas Convention and Visitors Authority.
     She was primarily responsibly involved in the production of the National
     Finals Rodeo, from 1991 to 1996 she was a licensed real estate salesperson
     working in the southern Nevada and desert region of California and from
     1996 to the present, she was employed by Humana Health Plans, Inc. and Las
     Vegas Insurance Services, Inc. as a licensed insurance agent. She worked
     within the senior citizen market, specializing in employee benefits,
     individual health, life and Medicare supplements.


                                      25.

<PAGE>

     Deborah J. Koeberl

     Deborah J. Koeberl is the Secretary, Treasurer and a Director of the
     Company. From 1991 to 1998, she was an Accountant with Koeberl Accounting
     Services. Responsible for corporate accounting, finance, payroll services
     and sales tax reporting. From 1998 to present, she was co-owner of an
     internet services company. She started an internet service company
     providing assistance to companies and individuals in establishing a
     presence on the internet by building and servicing websites.

     Gary W. Koeberl

     Gary W. Koeberl is a Director of the Company. From 1990 to 1998, he was
     employed by Konica, Inc. as a Technician Specialist. He was responsible for
     managing, purchasing, installing, service operating supplies and parts for
     several copy machine designs. From 1998 to present, he was co-owner of an
     internet services company. He started an internet service company providing
     assistance to companies and individuals in establishing a presence on the
     internet by building and servicing websites.

     Our officers and directors may be deemed parents and promoters of the
Company as those terms are defined by the Securities Act of 1933, as amended.
All directors hold office until the next annual stockholders' meeting or until
their death, resignation, retirement, removal, disqualification, or until their
successors have been elected and qualified. Our officers serve at the will of
the Board of Directors.

     There are no agreements or understandings for any officer or director of
the Company to resign at the request of another person and none of the officers
or directors is acting on behalf of or will act at the direction of any other
person.

     Our controlling shareholders (officers and directors) have agreed not to
sell, contract to sell, or make any other disposition of, or grant any purchase
option for the sale of, any shares of Common Stock, directly or indirectly,
until such time as we have entered into a merger or acquisition or we are no
longer classified as a "blank check" company.

     We have been informed that the Securities and Exchange Commission believes
that any selling shareholder who is a promoter, affiliate and/or underwriter of
a so-called "blank check" issuer or those individuals acting in the capacity of
management, affiliates, control persons and promoters may not have available to
them Rule 144 for any resale transaction, regardless of technical compliance
because any resale transactions may be deemed to be designed to distribute or
redistribute securities to the public without compliance with the Securities Act
of 1933, as amended.

     We have made no disclosure in this Form 10KSB of reporting person
delinquencies in response to Item 405 of Regulation S-B.

                                      26.

<PAGE>


Item 10. EXECUTIVE COMPENSATION.

     None of the our officers and directors receive any compensation for their
respective services rendered to the Company, nor have they received such
compensation in the past. They all have agreed to act without compensation until
authorized by the Board of Directors, which is not expected to occur until we
have generated revenues from operations after consummation of a merger or
acquisition. As of the date of this report, we have no funds available to pay
directors. Further, none of the directors are accruing any compensation pursuant
to any agreement with us.

     We have not adopted any retirement, pension, profit sharing, stock option
or insurance programs or other similar programs for the benefit of our
directors, officers and/or employees.

Item 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
          RELATED STOCKHOLDER MATTERS.

     (a) Security Ownership of Certain Beneficial Owners.

     The following table sets forth the security and beneficial ownership for
each class of equity securities of the Company for any person who is known to be
the beneficial owner of more than five percent of the Company.


                  NAME AND
                  ADDRESS OF                AMOUNT AND
                  BENEFICIAL                NATURE OF        PERCENT
TITLE OF CLASS    OWNER                     OWNERSHIP (*)    OF CLASS

Common            Bonita R. Alverez           550,000          25.00%
                  7162 Acorn Court
                  Las Vegas, NV  89147

Common            Deborah J. Koeberl          550,000          25.00%
                  29243 Palm View Lane
                  Highland, CA  92346

Common            Gary W. Koeberl             350,000          16.00%
                  P.O. Box 747
                  Mira Loma, CA 91752

Common            All Officers and          1,450,000          66.00%
                  Directors as a Group
                  (three [3] individuals)

     (*) Record and Beneficial Ownership

                                      27.

<PAGE>

     The total of the Company's outstanding Common Stock are held by 25 persons.

     (b) Security Ownership of Management.

     The following table sets forth the ownership for each class of equity
securities of the Company owned beneficially and of record by all directors and
officers of the Company.


                  NAME AND
                  ADDRESS OF                AMOUNT AND
                  BENEFICIAL                NATURE OF        PERCENT
TITLE OF CLASS    OWNER                     OWNERSHIP (*)    OF CLASS

Common            Bonita R. Alverez          550,000            25.00%
                  7162 Acorn Court
                  Las Vegas, NV  89147

Common            Deborah J. Koeberl          550,000           25.00%
                  29243 Palm View Lane
                  Highland, CA  92346


Common            Gary W. Koeberl             350,000           16.00%
                  29243 Palm View Lane
                  Highland, CA  92346

Common            All Officers and          1,450,000           66.00%
                  Directors as a Group
                  (three [3] individuals)

     (*) Record and Beneficial Ownership

     (c) Ownership and Change in Control.

     Each of the security ownership by the beneficial owners and by management
is also the owner of record for the like number of shares.

     There are currently no arrangements that would result in a change in our
control.

Item 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     There have been no related party transactions, or any other transactions or
relationships required to be disclosed pursuant to Item 404 of Regulation S-B.

                                      28.

<PAGE>

     Bonita R. Alvarez has agreed to provide the necessary funds, without
interest, for us to comply with the 1934 Act provided that she is an officer and
director of the Company when the obligation is incurred. All advances will be
interest-free.


Item 13.  EXHIBITS.

     There are no reports on Form 8-K incorporated herein by reference.

     The following documents are filed as part of this report:

     23.1 Consent of Kyle L. Tingle, CPA

     31.1 Certification of Chief Executive Officer.

     31.2 Certification of Chief Financial Officer.

     32.1 Section 906 Certification.

     32.2 Section 906 Certification.



Item 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Audit Fees

     Audit fees consist of fees billed for professional services rendered for
the audit of our financial statements and the review or audit of the interim
statements. The total fees billed for Kyle L. Tingle for the fiscal year ended
December 31, 2005 was $2,000.

Audit Relate Fees

     There were no audit related services and no fees billed for audited related
services for the fiscal year ended December 31, 2005.

All Other Fees

     There were no tax preparation fees billed for the fiscal year ended
December 31, 2005.

                                      29.

<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of Section 12 of the Securities Exchange Act
of 1934, the Company has duly caused this Form 10-KSB to be signed on its behalf
by the undersigned, thereunto duly authorized.

Date:  January 23, 2006      PARQUE LA QUINTA ESTATES



                             By: /s/ BONITA R. ALVEREZ
                                 ---------------------
                             Bonita R. Alverez
                             President

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

Date:  January 23, 2006      PARQUE LA QUINTA ESTATES

                             By: /s/ BONITA R. ALVEREZ
                                 ---------------------
                             Bonita R. Alverez
                             President and Director


                             By: /s/ DEBORAH J. KOEBERL
                                 -----------------------------
                             Deborah J. Koeberl
                             Secretary, Treasurer and Director


                             By: /s/ GARY W. KOEBERL
                                 -------------------
                             Gary W. Koeberl
                             Director


                                      30.