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, 2006


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


                     For the Transition Period From __ to __


                            LAS PALMAS MOBILE ESTATES
        _________________________________________________________________
        (Exact Name of Small Business Issuer as Specified in its Charter)


              NEVADA                                          88-0409170
   _______________________________                        ___________________
   (State or other jurisdiction of                         (I.R.S. Employer
    incorporation or organization)                        Identification No.)


     44489 Town Center Way, #D-234
        Palm Desert, California                                       92260-2789
________________________________________                              __________
(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
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes /X/ No / /



                                       1.

<PAGE>

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, 2006 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.

<PAGE>

                                TABLE OF CONTENTS


                                                                      PAGE

                                     PART I


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

Item 2.  Description of Property. . . . . . . . . . . . . . . . . . .  12

Item 3.  Legal Proceedings. . . . . . . . . . . . . . . . . . . . . .  12

Item 4.  Submission of Matters to a Vote of Security Holders  . . . .  12


                                     PART II

Item 5.  Market for Common Equity, Related Stockholder Matters and
         Small Business Issuer Purchases of Equity Securities.  . . .  13

Item 6.  Management's Discussion and Analysis or Plan of
         Operation  . . . . . . . . . . . . . . . . . . . . . . . . .  16

Item 7.  Financial Statements . . . . . . . . . . . . . . . . . . . .  19

Item 8.  Changes in and Disagreements With Accountants on Accounting
         and Financial Disclosure . . . . . . . . . . . . . . . . . .  21

Item 8A. Controls and Procedures. . . . . . . . . . . . . . . . . . .  21

Item 8B. Other Information. . . . . . . . . . . . . . . . . . . . . .  21


                                    PART III


Item 9.  Directors, Executive Officers, Promoters and Control
         Persons; Compliance with Section 16(a) of the Exchange Act . 21

Item 10. Executive Compensation . . . . . . . . . . . . . . . . . . . 24

Item 11. Security Ownership of Certain Beneficial Owners and
         Management and Related Stockholder Matters . . . . . . . . . 24

Item 12. Certain Relationships and Related Transactions . . . . . . . 24

Item 13. Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Item 14. Principal Accountant Fees and Services . . . . . . . . . . . 25

         Signatures . . . . . . . . . . . . . . . . . . . . . . . . . 26



                                       3.

<PAGE>

                                     PART I


ITEM 1.   DESCRIPTION OF BUSINESS.

Introduction

         Las Palmas Mobile Estates (the "Company") was incorporated on
October 29, 1992 under the laws of the State of Nevada. We had intended to form
a subsidiary and have said subsidiary serve as the general partner of a limited
partnership which was to be a developer and builder of one or more mobile home
parks in Southern California. We intended to develop a park that would have
manufactured trailers of high quality construction.

         Our business strategy was to emphasize (i) marketing our parks
principally to the second home market (where we believed there was significant
long-term demand) and (ii) focusing our development activities in the fast
growing areas of the Coachella Valley, California market, where land and
development costs were relatively low and the demand was higher.

         Despite the then recent slowdown in the Southern California
homebuilding industry and the economy in general, we believed California offered
substantial long-term prospects for a developer of a mobile home park due to the
State's strong demand characteristics and supply constraints. We expected to be
able to meet our short term cash requirements (i) initially by bank construction
loans and thereafter from (ii) the sale or lease of the fully developed
properties. We further anticipated, although there was no assurance, that our
long-term cash needs would be satisfied by an equity infusion through the sale
of our securities, and from the development and leasing of units in the
property.

         Between November 8, 1992 and approximately March 31, 1993, we
investigated certain business opportunities but did not commence actual
construction activities in connection with development and building activities.
As at May 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
April 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, we 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 "penny stock."


                                       4.


<PAGE>


         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 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 its
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.


<PAGE>


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 and hedge fund 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
     the Company that makes our future even more uncertain.

         We have not entered into a written employment agreement with our
officers and director and none is expected in the foreseeable future. We have
not obtained key man life insurance of our officers or director. Notwithstanding
the combined limited experience and time commitment of management, the loss of
the services of Diana L. Hassan would adversely affect development of our
business and our likelihood of continuing operations.

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


                                       6.


<PAGE>


         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 audited 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 will 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,
management believes the Company 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.

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 the 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 the Company's
Common Stock held and/or resign as a member 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 any
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.


                                       7.


<PAGE>


         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. The
amendments expand the definition of a shell company to be broader than a company
with no or nominal operations/assets or assets consisting of cash and cash
equivalents, the amendments prohibit the use of a From S-8 (a form used by a
corporation to register securities issued to an employee, director, officer,
consultant or advisor), 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 the acquisition of the business opportunity. This
initial filing is within four days of the acquisition. The Form 8-K filing may
be reviewed by the Securities and Exchange Commission and the prospects of
certain disclosures or review or the lack of the ability to issue securities
using a Form S-8 may delay the consummation of a business combination because of
the target entities inability to comply with various federal and state laws
enacted for the protection of investors or the unwillingness to assume the
significant costs of compliance.

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

         Our management believes 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.

12.  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.

         Our principal shareholder, Diana L. Hassan, currently own approximately
70% of our Common Stock. She will have significant influence over all matters
requiring approval by our shareholders, but not requiring the approval of the
minority shareholders. In addition, she will be able to elect all of the members


                                       8.


<PAGE>


of our board of directors, allowing them to exercise significant control of our
affairs and management. In addition, she may transact most corporate matters
requiring shareholder approval by written consent, without a duly-noticed and
duly-held meeting of shareholders.

13.  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. The NASD Regulation, Inc. has approved the entry of a price quotation for
our Common Stock in the Pink Sheets, LLC "Pink Sheets" and our symbol is LPME.
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 or 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 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.

14.  There is no assurance that our Common Stock will be accepted for listing on
     the OTC Bulletin Board or in any other trading system.

         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


                                       9.


<PAGE>


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.

15.  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 $.01 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:

     (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:


                                       10.


<PAGE>


                  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 which 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 were a
blind pool or blank-check company. The Securities and Exchange Commission have
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 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, our
shareholders will 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.

         The Company's officer, director and majority shareholder has expressed
her intention 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 shell company or blank check
issuer.

16.  Our Common Stock may be subject to 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


                                       11.


<PAGE>


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
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.


ITEM 2.   DESCRIPTION OF PROPERTY.

         We have no properties and at this time we have no agreements to acquire
any properties. We currently have a mailing address at 44489 Town Center Way,
#d-234, Palm Desert, California 92260-2789 and we are permitted to occupy office
space at 6767 Tropicana Avenue, Suite 207, Las Vegas, Nevada 89103. This space
is provided to the Company by our resident agent 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. We believe that this
arrangement will meet our 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.


                                      12.

<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 [LPME], 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.

                                      13.

<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 three (23) holders of the Company's Common Stock. In
1992, 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.

                                      14.

<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.

                                      15.

<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.

         On December 13, 2004 and August 1, 2006, respectively, David Phillipson
and Peter John Berzins, prior officers and directors, for no consideration,
transferred all of their shares of the Company to Diana L. Hassan. Except for
said transfer of said shares, 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


                                      16.

<PAGE>

engaged in any 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. Diana L. Hassan, 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, Diana L. Hassan 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

                                      17.

<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, 2006, we had total liabilities of $6,325 and we had
a negative net worth of $6,310. As of December 31, 2005, we had total
liabilities of $2,145 and a negative net worth of $2,145. Our net worth and
total liabilities each increased by 4,165.

         We have had no revenues from inception through December 31, 2006. We
have a loss from inception through December 31, 2006 of $28,310. Our loss from
inception through December 31, 2005 was $24,145 or an increase of $4,165 in
2006.

         We have officer's advances of $6,285 from inception to December 31,
2006. The officer's advances as of December 31, 2005 were $1,145 or an increase
of $5,140 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

                                      18.

<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.


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)

                                FINANCIAL REPORTS

                                DECEMBER 31, 2006
                                DECEMBER 31, 2005





                                      19.


<PAGE>


                            LAS PALMAS MOBILE 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-11
________________________________________________________________________________


                                      20.


<PAGE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors
Las Palmas Mobile Estates
Las Vegas, Nevada


We have audited the accompanying balance sheets of Las Palmas Mobile Estates (A
Development Stage Enterprise) as of December 31, 2006 and 2005 and the related
statements of operations, stockholders' deficit, and cash flows for the years
ended December 31, 2006 and 2005 and the period October 29, 1992 (inception)
through December 31, 2006. These financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these
financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we 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. We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Las Palmas Mobile Estates (A
Development Stage Enterprise) as of December 31, 2006 and 2005 and the results
of its operations and cash flows for the years ended December 31, 2006 and 2005
and the period October 29, 1992 (inception) through December 31, 2006, in
conformity with U.S. 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 22, 2007
Las Vegas, Nevada

                                      F-1

<PAGE>

<TABLE>
<CAPTION>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                                 BALANCE SHEETS


                                                               December 31,     December 31,
                                                                       2006             2005
                                                               ____________     ____________

                                     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                                          $         25     $      1,000
     Officers advances                                                6,285            1,145
                                                               ____________     ____________
            Total current liabilities                          $      6,310     $      2,145
                                                               ____________     ____________

STOCKHOLDERS' DEFICIT
     Common stock: $.001 par value;
        authorized 25,000,000 shares;
        issued and outstanding:
        2,200,000 shares at December 31, 2006 and 2005:        $      2,200     $      2,200
     Additional paid in capital                                      19,800           19,800
     Accumulated deficit during development stage                   (28,310)         (24,145)
                                                               ____________     ____________
            Total stockholders' deficit                        $     (6,310)    $     (2,145)
                                                               ____________     ____________
                   Total liabilities and
                   stockholders' deficit                       $          0     $          0
                                                               ============     ============
</TABLE>


                See Accompanying Notes to Financial Statements.

                                      F-2

<PAGE>

<TABLE>
<CAPTION>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                            STATEMENTS OF OPERATIONS


                                                                                     Oct. 29, 1992
                                                                                    (inception) to
                                                   December 31,     December 31,      December 31,
                                                           2006             2005              2006
                                                   ____________     ____________    ______________
<S>                                                <C>              <C>             <C>

Revenues                                           $          0     $          0    $            0

Cost of revenue                                               0                0                 0
                                                   ____________     ____________    ______________

           Gross profit                            $          0     $          0    $            0

General, selling and administrative expenses              4,165              200            28,310
                                                   ____________     ____________    ______________
           Operating (loss)                        $     (4,165)    $       (200)   $      (28,310)

Nonoperating income (expense)                                 0                0                 0
                                                   ____________     ____________    ______________

   Net (loss)                                      $     (4,165)    $       (200)   $      (28,310)
                                                   ============     ============    ==============

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

</TABLE>


                See Accompanying Notes to Financial Statements.

                                      F-3

<PAGE>

<TABLE>
<CAPTION>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                       STATEMENTS OF STOCKHOLDERS' DEFICIT



                                                                                              ACCUMULATED
                                                                                                DEFICIT
                                                     COMMON STOCK            ADDITIONAL         DURING
                                               _________________________       PAID-IN        DEVELOPMENT
                                                SHARES         AMOUNT          CAPITAL           STAGE          TOTAL
                                               _________     ___________    _____________     ___________     __________
<S>                                            <C>           <C>            <C>               <C>             <C>

November 8, 1992, issue
   common stock                                2,200,000     $     2,200    $      19,800     $         0     $   22,000
Net loss, December 31, 1992                                                                          (340)          (340)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 1992                     2,200,000     $     2,200    $      19,800     $         0     $   21,660
Net loss, December 31, 1993                                                                       (21,660)       (21,660)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 1993                     2,200,000     $     2,200    $      19,800     $   (22,000)    $        0
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 $0.001
July 3, 2000, forward stock
    100:1

Net loss, December 31, 2000                                                                          (340)          (340)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 2000                     2,200,000     $     2,200    $      19,800     $   (23,145)        (1,145)
Net loss, December 31, 2001                                                                           (85)           (85)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 2001                     2,200,000     $     2,200    $      19,800     $   (23,230)        (1,230)
Net loss, December 31, 2002                                                                           (85)           (85)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 2002                     2,200,000     $     2,200    $      19,800     $   (23,315)        (1,315)
Net loss, December 31, 2003                                                                           (85)           (85)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 2003                     2,200,000     $     2,200    $      19,800     $   (23,400)        (1,400)
Net loss, December 31, 2004                                                                          (545)          (545)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 2004                     2,200,000     $     2,200    $      19,800     $   (23,945)        (1,945)
Net loss, December 31, 2005                                                                          (200)          (200)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 2005                     2,200,000     $     2,200    $      19,800     $   (24,145)    $   (2,145)
Net loss, December 31, 2006                                                                        (4,165)        (4,165)
                                               _________     ___________    _____________     ___________     __________
Balance, December 31, 2006                     2,200,000     $     2,200    $      19,800     $   (28,310)    $   (6,310)
                                               =========     ===========    =============     ===========     ==========

</TABLE>


                See Accompanying Notes to Financial Statements.

                                      F-4

<PAGE>

<TABLE>
<CAPTION>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                            STATEMENTS OF CASH FLOWS


                                                                                                         Oct. 29, 1992
                                                                                                        (inception) to
                                                                       December 31,      December 31,     December 31,
                                                                               2006              2005             2006
                                                                       ____________     _____________    _____________
<S>                                                                    <C>              <C>              <C>

Cash Flows From
Operating Activities
    Net loss                                                           $     (4,165)    $        (200)   $     (28,310)
    Adjustments to reconcile net
       to cash used in operating activities:
    Changes in assets and liabilities
    Increase (decrease) in accounts payable                                    (975)              200               25
                                                                       ____________     _____________    _____________

         Net cash used in operating activities                         $      5,140     $           0    $     (28,285)
                                                                       ____________     _____________    _____________

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                                              5,140                 0            6,285
                                                                       ____________     _____________    _____________

         Net cash provided by financing activities                     $      5,140     $           0    $      28,285
                                                                       ____________     _____________    _____________

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

Cash, beginning of period                                              $          0     $           0    $           0
                                                                       ____________     _____________    _____________

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

Supplemental Information and Non-monetary Transactions:

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

</TABLE>


                See Accompanying Notes to Financial Statements.

                                      F-5

<PAGE>


                            LAS PALMAS MOBILE ESTATES
                        (ADEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS


NOTE 1.  NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

NATURE OF BUSINESS:

Las Palmas Mobile Estates ("Company") was organized October 29, 1992 under the
laws of the State of Nevada. The Company currently has no 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, 2006 and 2005.

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 have cash, but not 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. The Company
will be dependent upon the raising of additional capital through placement of
our common stock in order to implement its business plan, or merge with an
operating company. There can be no assurance that the Company will be successful
in either situation in order to continue as a going concern. The officers and
directors have committed to advancing certain operating costs of the Company.

                                      F-6

<PAGE>



                            LAS PALMAS MOBILE 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 February 2006, the Financial Accounting Standards Board ("FASB") issued SFAS
No. 155, "Accounting for Certain Hybrid Financial Instruments--an Amendment of
FASB Statements No. 133 and 140" ("SFAS No. 155"). SFAS No. 155 allows financial
instruments that contain an embedded derivative and that otherwise would require
bifurcation to be accounted for as a whole on a fair value basis, at the
holders' election. SFAS No. 155 also clarifies and amends certain other
provisions of SFAS No. 133 and SFAS No. 140. This statement is effective for all
financial instruments acquired or issued in fiscal years beginning after
September 15, 2006. We do not expect that the adoption of SFAS No. 155 will have
a material impact on our financial condition or results of operations.

In March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing of
Financial Assets--an Amendment of FASB Statement No. 140" ("SFAS No. 156"). SFAS
No. 156 provides guidance on the accounting for servicing assets and liabilities
when an entity undertakes an obligation to service a financial asset by entering
into a servicing contract. This statement is effective for all transactions in
fiscal years beginning after September 15, 2006. We do not expect that the
adoption of SFAS No. 156 will have a material impact on our financial condition
or results of operations.

                                      F-7

<PAGE>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS


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

In June 2006, the Emerging Issues Task Force ("EITF") reached a consensus on
EITF Issue No. 06-3, "How Taxes Collected from Customers and Remitted to
Governmental Authorities Should Be Presented in the Income Statement (That Is,
Gross versus Net Presentation)" ("EITF 06-3"). EITF 06-3 provides that the
presentation of taxes assessed by a governmental authority that is directly
imposed on a revenue-producing transaction between a seller and a customer on
either a gross basis (included in revenues and costs) or on a net basis
(excluded from revenues) is an accounting policy decision that should be
disclosed. The provisions of EITF 06-3 will be effective for us as of January 1,
2007. We do not expect that the adoption of EITF 06-3 will have a material
impact on our consolidated financial statements.

In July 2006, the FASB issued FIN 48, "Accounting for Uncertainty in Income
Taxes--an interpretation of FASB Statement No. 109" ("FIN 48"). FIN 48 clarifies
the recognition threshold and measurement of a tax position taken on a tax
return. FIN 48 is effective for fiscal years beginning after December 15, 2006.
FIN 48 also requires expanded disclosure with respect to the uncertainty in
income taxes. We are currently evaluating the requirements of FIN 48 and the
impact this interpretation may have on our financial statements.

In September 2006, the SEC Staff issued SEC Staff Accounting Bulletin 107,
"Implementation Guidance for FASB 123 (R)." The staff believes the guidance in
the SAB will assist issuers in their initial implementation of Statement 123R
and enhance the information received by investors and other users of financial
statements, thereby assisting them in making investment and other decisions.
This SAB includes interpretive guidance related to share-based payment
transactions with non-employees, the transition from nonpublic to public entity
status, valuation methods (including assumptions such as expected volatility and
expected term), the accounting for certain redeemable financials instruments
issued under share-based payment arrangements, the classification of
compensation expense, non-GAAP financial measures, first-time adoption of
Statement 123R in an interim period, capitalization of compensation cost related
to share-based payment arrangements, the accounting for income tax effects of
share-based payment arrangements upon adoption of Statement 123R and disclosures
of MD&A subsequent to adoption of Statement 123R.

In September 2006, the SEC Staff issued SEC Staff Accounting Bulletin 107,
"Implementation Guidance for FASB 123 (R)." The staff believes the guidance in
the SAB will assist issuers in their initial implementation of Statement 123R
and enhance the information received by investors and other users of financial
statements, thereby assisting them in making investment and other decisions.
This SAB includes interpretive guidance related to share-based payment
transactions with non-employees, the transition from nonpublic to public entity
status, valuation methods (including assumptions such as expected volatility and
expected term), the accounting for certain redeemable financials instruments
issued under share-based payment arrangements, the classification of
compensation expense, non-GAAP financial measures, first-time adoption of
Statement 123R in an interim period, capitalization of compensation cost related
to share-based payment arrangements, the accounting for income tax effects of
share-based payment arrangements upon adoption of Statement 123R and disclosures
of MD&A subsequent to adoption of Statement 123R.


                                      F-8


<PAGE>


                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS

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

In September 2006, the SEC Staff issued Staff Accounting Bulletin No. 108,
"Considering the Effects of Prior Year Misstatements when Quantifying
Misstatements in the Current Year Financial Statements" ("SAB No. 108"). SAB No.
108 requires the use of two alternative approaches in quantitatively evaluating
materiality of misstatements. If the misstatement as quantified under either
approach is material to the current year financial statements, the misstatement
must be corrected. If the effect of correcting the prior year misstatements, if
any, in the current year income statement is material, the prior year financial
statements should be corrected. In the year of adoption (fiscal years ending
after November 15, 2006 or calendar year 2006 for us), the misstatements may be
corrected as an accounting change by adjusting opening retained earnings rather
than being included in the current year income statement. We do not expect that
the adoption of SAB No. 108 will have a material impact on our financial
condition or results of operations.

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements" (SFAS
157). SFAS 157 provides guidance for using fair value to measure assets and
liabilities. SFAS 157 addresses the requests from investors for expanded
disclosure about the extent to which companies measure assets and liabilities at
fair value, the information used to measure fair value and the effect of fair
value measurements on earnings. SFAS 157 applies whenever other standards
require (or permit) assets or liabilities to be measured at fair value, and does
not expand the use of fair value in any new circumstances. SFAS 157 is effective
for financial statements issued for fiscal years beginning after November 15,
2007 and will be adopted by the Company in the first quarter of fiscal year
2009. We do not expect that the adoption of SFAS 157 will have a material impact
on our financial condition or results of operations.

In September 2006, the FASB issued SFAS No. 158, "Employers' Accounting for
Defined Benefit Pension and Other Postretirement Plans" ("SFAS No. 158"). SFAS
No. 158 requires companies to recognize in their statement of financial position
an asset for a plan's overfunded status or a liability for a plan's underfunded
status and to measure a plan's assets and its obligations that determine its
funded status as of the end of the company's fiscal year. Additionally, SFAS No.
158 requires companies to recognize changes in the funded status of a defined
benefit postretirement plan in the year that the changes occur and those changes
will be reported in comprehensive income. The provision of SFAS No. 158 that
will require us to recognize the funded status of our postretirement plans, and
the disclosure requirements, will be effective for us as of December 31, 2006.
We do not expect that the adoption of SFAS No. 158 will have a material impact
on our consolidated financial statements.

FAS 123(R)-5 was issued on October 10, 2006. The FSP provides that instruments
that were originally issued as employee compensation and then modified, and that
modification is made to the terms of the instrument solely to reflect an equity
restructuring that occurs when the holders are no longer employees, then no
change in the recognition or the measurement (due to a change in classification)
of those instruments will result if both of the following conditions are met:
(a). There is no increase in fair value of the award (or the ratio of intrinsic
value to the exercise price of the award is preserved, that is, the holder is
made whole), or the antidilution provision is not added to the terms of the
award in contemplation of an equity restructuring; and (b). All holders of the
same class of equity instruments (for example, stock options) are treated in the
same manner. The provisions in this FSP shall be applied in the first reporting
period beginning after the date the FSP is posted to the FASB website. We will
evaluate whether the adoption will have any impact on your financial statements.


                                      F-9


<PAGE>



                            LAS PALMAS MOBILE ESTATES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                          NOTES TO FINANCIAL STATEMENTS


NOTE 2.  STOCKHOLDERS' EQUITY

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 its no par value common stock in consideration of $22,000 in
cash.

On July 3, 2000, the State of Nevada approved the Company's restated Articles of
Incorporation, which increased its capitalization from 2,500 common shares to
25,000,000 common shares. The no par value was changed to $0.001 per share.

On June 29, 2000, the Company's shareholders approved a forward split of its
common stock at one thousand shares for one share of the existing shares. 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 2006, 2005, and since
inception. As of December 31, 2006, 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, 2006 and
December 31, 2005 are as follows:

                                                         2006              2005
                                                _____________     _____________

    Net operating loss carryforward             $       9,625     $       8,209
    Valuation allowance                                (9,625)           (8,209)
                                                _____________     _____________
    Net deferred tax asset                      $           0     $           0
                                                =============     =============

                                      F-10

<PAGE>


                            LAS PALMAS MOBILE 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>

                                                         2006              2005    Since Inception
                                                _____________     _____________    _______________
<S>                                             <C>               <C>              <C>

    Tax at statutory rate (35%)                 $       1,415                68    $       9,625
    Increase in valuation allowance                    (1,415)              (68)          (9,625)
                                                _____________     _____________    _______________
   Net deferred tax asset                       $          0      $           0    $           0
                                                =============     =============    ===============

</TABLE>


The net federal operating loss carry forward will expire between 2016 and 2026.
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. An officer or
resident 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 has incurred costs while seeking additional capital through a merger
with an existing company. 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. As of December 31, 2006 and 2005, the Company owed officers $6,285 and
$1,145 respectively.




                                      F-11

<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, 2006, 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.


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

         Our sole director and officer (and promoter, affiliate and control
person) is as follows:

      Name                   Age       Position
      __________________________________________________

      Diana L. Hassan       42         President/Secretary
                                       Treasurer/Director


                                       21.


<PAGE>


         The above listed officer and director will serve until the next annual
meeting of the shareholders or until her death, resignation, retirement,
removal, or disqualification, or until the successors have been duly elected and
qualified. Vacancies in the existing Board of Directors may be 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.

Resume.

Diana L. Hassan

         From 1990 to the present, Diana L. Hassan was a self employed mortgage
banker serving the real estate markets in Southwest United States

Other Offerings.

         None of the officers, directors, promoters, control persons and
affiliates have been a director, officer, promoter, control person or affiliate
in any other blank check offering, blind pool offering or shell company.

Conflicts of Interest.

         Diana L. Hassan is associated with other firms involved in a range of
business activities. Consequently, there are potential inherent conflicts of
interest in her acting as an officer and director. Insofar as the officer and
director is engaged in other business activities, management anticipates she
will devote only a minor amount of time to the Company's affairs.

         Our officers and director are now and may in the future become
shareholders, officers or directors of other companies which may be engaged in
business activities similar to those conducted by the Company. Accordingly,
additional direct conflicts of interest may arise in the future with respect to
such individuals acting on behalf of the Company or other entities. Moreover,
additional conflicts of interest may arise with respect to opportunities which
come to the attention of such individuals in the performance of their duties or
otherwise. We do not currently have a right of first refusal pertaining to
opportunities that come to management's attention insofar as such opportunities
may relate to the Company's proposed business operations.

         The officers and director are, so long as they are officers
or a director of the Company, subject to the restriction that all opportunities
contemplated by the Company's plan of operation which come to her attention,
either in the performance of her duties or in any other manner, will be
considered opportunities of, and be made available to the Company and the
companies that she is affiliated with on an equal basis. A breach of this
requirement will be a breach of the fiduciary duties of the officer or director.


                                       22.


<PAGE>


         We have not adopted any other conflict of interest policy with respect
to such transactions.

No Adverse Issues.

         We are informed and believe that no officer, director, promoter,
control person and affiliate has, in the last five years, been the subject of:

     1.   A conviction in a criminal proceeding or named as a defendant in a
          pending criminal proceeding (excluding traffic violations and minor
          offenses);

     2.   The entry of an order, judgment, or decree, not subsequently reversed,
          suspended or vacated, by a court of competent jurisdiction that
          permanently or temporarily enjoined, barred, suspended or otherwise
          limited such person's involvement in any type of business, securities,
          commodities, or banking activities.

     3.   A finding or judgment by a court of competent jurisdiction )in a civil
          action), the Securities and Exchange Commission, the Commodity Futures
          Trading Commission, or state securities regulator of a violation of
          federal or state securities or commodities law, which finding or
          judgment has not been reversed, suspended, or vacated; or

     4.   The entry of an order by self-regulatory organization that permanently
          or temporarily barred, suspended or otherwise limited such person's
          involvement in any type of business or securities activities.

         Prior to February 1, 2002, a prior officer and director (Peter John
Berzins) without admitting or denying the allegations of a complaint field in
the Eastern District of Virginia by the Commodity Futures Trading Commission,
consented to order for conduct allegedly occurring between 1996 and 1999.

         Peter John Berzins had been a shareholder of the Company from 1992
until August 1, 2006 and he continued as an officer and director until September
22, 2006. On August 1, 2006, Diana L. Hassan acquired all of the shares of stock
owned by Peter John Berzins in a private transaction.

         Regulation 228.401 (Item 401) of Regulation SB promulgated under the
Securities Act of 1933, as amended, and the 1934 Act requires that we describe
certain events that occurred during the past five years that are material to an
evaluation of the ability or integrity of any director, person nominated to
become a director, executive officer, promoter or control person of an issuer
like us. Although the events occurred prior to five years from date hereof, said
events had been reported in CFTC News Release 4356-00. Other than friendship,
Peter John Berzins has no relationship, directly or indirectly, with the issuer
or with its sole officer and director or with any of the issuer's shareholders.

                                      23.

<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 our equity securities for any person who is known to be the
beneficial owner of more than five (5%) percent of the Company.

                   Name and                    Amount and
                   Address of                  Nature of
                   Beneficial                  Beneficial     Percent
Title of Class       Owner                       Owner        of Class
______________________________________________________________________

Common            Diana L. Hassan              1,450,000        70%
                  25980 Forest Drive
                  Escondido, California 92026


Common            All Officers and             1,450,000        70%
                  Directors as a Group
                  (one [1] individual)

         The total of the Company's outstanding Common Shares are held by 23
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 of our
directors and officers.

                   Name and                    Amount and
                   Address of                  Nature of
                   Beneficial                  Beneficial     Percent
Title of Class       Owner                       Owner        of Class
______________________________________________________________________

Common            Diana L. Hassan              1,450,000        70%
                  25980 Forest Drive
                  Escondido, California 92026

Common            All Officers and             1,450,000        70%
                  Directors as a Group
                  (one [1] individual)


ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

         On December 13, 2004 and August 1, 2006, respectively, David Phillipson
and Peter John Berzins, prior officers and directors, for no consideration,
transferred all of their shares of the Company to Diana L. Hassan. Except for
said transfer of said shares, 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.

                                      24.

<PAGE>

         Diana L. Hassan 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, 2006 was $1,750.

Audit Relate Fees

         There were no audit related services and no fees billed for audited
related services for the fiscal year ended December 31, 2006.

All Other Fees

         There were $150 tax preparation fees billed for the fiscal year ended
December 31, 2006.

                                      25.

<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:  March 12, 2007        LAS PALMAS MOBILE ESTATES



                             By: /s/ DIANA L. HASSAN
                                 _____________________________________
                                     Diana L. Hassan
                                     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:  March 12, 2007        LAS PALMAS MOBILE ESTATES


                             By: /s/ DIANA L. HASSAN
                                 _____________________________________
                                     Diana L. Hassan
                                     President and Director


                             By: /s/ DIANA L. HASSAN
                                 _____________________________________
                                     Diana L. Hassan
                                     Secretary, Treasurer and Director


                             By: /s/ DIANA L. HASSAN
                                 _____________________________________
                                     Diana L. Hassan
                                     Director


                                      26.