| [X]            | Quarterly      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934 |
|----------------|---------------------------------------------------------------------------------------------------|
|           |                                                                                              |
|           | For      the quarterly period ended Janaury 31,      2008                                         |
|           |                                                                                              |
| [  ] | Transition      Report pursuant to 13 or 15(d) of the Securities Exchange Act of      1934        |
|           |                                                                                              |
|           | For      the transition period   to __________                                          |
|           |                                                                                              |
|           | Commission      File Number:  333-145794                                                |

| Nevada                                                              | 26-0164981                             |
|---------------------------------------------------------------------|----------------------------------------|
| (State      or other jurisdiction of incorporation or organization) | (IRS      Employer Identification No.) |
|                                                                |                                   |
| 5155 West Tropicana,      #1094, Las Vegas, NV  89103     |
| (Address      of principal executive offices)                       |
|                                                                |                                   |
| (702)      885-3072                                                 |
| (Issuer’s      telephone number)                              |

| _______________________________________________________________                              |
|----------------------------------------------------------------------------------------------|
| (Former      name, former address and former fiscal year, if changed since last      report) |

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Table of Contents

|                                                  | TABLE OF      CONTENTS                                           |   Page |
|-------------------------------------------------------|------------------------------------------------------------------|------------------|
|  PART I –      FINANCIAL INFORMATION  |
| Item 1.                                               | Financial Statements                                             | 3           |
| Item 2.                                               | Plan of Operation                                                | 4           |
| Item 3.                                               | Controls and Procedures                                          | 13          |
|  PART II – OTHER      INFORMATION     |
| Item 1.                                               | Legal Proceedings                                                | 14          |
| Item 2.                                               | Unregistered Sales of Equity Securities and Use of      Proceeds | 14          |
| Item 3.                                               | Defaults Upon Senior Securities                                  | 14               |
| Item 4.                                               | Submission of Matters to a Vote of Security      Holders         | 14          |
| Item 5.                                               | Other Information                                                | 14          |
| Item 6.                                               | Exhibits                                                         | 14          |

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Table of Contents

Item 1.   Financial Statements

| Our      unaudited financial statements included in this Form 10-QSB are as      follows:  |
|-------------------------------------------------------------------------------------------------|
| F-1                                                                                             | Balance Sheets as of January 31, 2008      (unaudited); |
|                                                                                            |   |
| F-2                                                                                             | Statements of Operations for the three and six months ended      January 31, 2008 (unaudited); |
|                                                                                            |   |
| F-3                                                                                             | Statements of Stockholder’s Equity as of January 31, 2008      (unaudited); |
|                                                                                            |   |
| F-4                                                                                             | Statements of Cash Flows for the three and six months ended      January 31, 2008 (unaudited); |
|                                                                                            |   |
| F-5                                                                                             | Notes to FinancialStatements. |

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Balance Sheets

| ASSETS                                                                                                                |                 |    |              |
|-----------------------------------------------------------------------------------------------------------------------|----------------------|---------|-------------------|
|                                                                                                                  |                 |    |              |
|                                                                                                                  |                 |    |              |
|                                                                                                                  | January      31,2008 |    | July      31,2007 |
|                                                                                                                  | (Unaudited)          |    |              |
|                                                                                                                  |                 |    |              |
| CURRENT      ASSETS                                                                                                   |                 |    |              |
|                                                                                                                  |                 |    |              |
| Cash                                                                                                                  | $                    | 14,922  |              | $ | 17,072 |
|                                                                                                                  |                 |    |              |   |   |
| Total      Current Assets                                                                                             |                 | 14,922  |              |   | 17,072 |
|                                                                                                                  |                 |    |              |   |   |
| TOTAL      ASSETS                                                                                                     | $                    | 14,922  |              | $ | 17,072 |
|                                                                                                                  |                 |    |              |   |   |
|                                                                                                                  |                 |    |              |   |   |
| LIABILITIES AND      STOCKHOLDERS' EQUITY                                                                             |                 |    |              |   |   |
|                                                                                                                  |                 |    |              |   |   |
| CURRENT      LIABILITIES                                                                                              |                 |    |              |   |   |
|                                                                                                                  |                 |    |              |   |   |
| Notes      payable - related party                                                                                    | $                    | 1,000   |              | $ | 1,000 |
| Accrued      interest payable                                                                                         |                 | 40      |              |   | - |
|                                                                                                                  |                 |    |              |   |   |
| Total      Current Liabilities                                                                                        |                 | 1,040   |              |   | 1,000 |
|                                                                                                                  |                 |    |              |   |   |
| STOCKHOLDERS'      EQUITY                                                                                             |                 |    |              |   |   |
|                                                                                                                  |                 |    |              |   |   |
|                                                                                                                  |                 |    |              |   |   |
| Preferred      stock - $0.001 par value; 10,000,000 shares authorized; no shares      issued and outstanding          |                 | -       |              |   | - |
|                                                                                                                  |                 |    |              |   |   |
| Common      stock - $0.001 par value; 90,000,000 shares authorized;      5,590,000 shares issued and outstanding |                 | 5,590   |              |   | 5,590 |
| Additional      paid-in capital                                                                                       |                 | 10,635  |              |   | 10,635 |
| Accumulated      deficit                                                                                              |                 | (2,343) |              |   | (153) |
|                                                                                                                  |                 |    |              |   |   |
| Total      Stockholders' Equity                                                                                       |                 | 13,882  |              |   | 16,072 |
|                                                                                                                  |                 |    |              |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                                                       | $                    | 14,922  |              | $ | 17,072 |

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Statements ofOperations

|                                                    | For      The ThreeMonths      EndedJanuary 31, 2008 |      | For      the SixMonths      EndedJanuary 31, 2008 |   | From      Inceptionon      May 1,2007      ThroughJanuary 31, 2008 |
|---------------------------------------------------------|-----------------------------------------------------|-----------|---------------------------------------------------|--------|--------------------------------------------------------------------|
|                                                    |                                                |      |                                              |   |                                                               |
| REVENUES                                                | $                                                   | -         |                                              | $      | -                                                                  |   | $ | 200 |
| COST      OF GOODS SOLD                                 |                                                | -         |                                              |   | -                                                                  |   |   | - |
| GROSS      MARGIN                                       |                                                | -         |                                              |   | -                                                                  |   |   | 200 |
|                                                    |                                                |      |                                              |   |                                                               |   |   |   |
| OPERATING      EXPENSES                                 |                                                |      |                                              |   |                                                               |   |   |   |
|                                                    |                                                |      |                                              |   |                                                               |   |   |   |
| General      and administrative                         |                                                | 1,400     |                                              |   | 2,150                                                              |   |   | 2,503 |
|                                                    |                                                |      |                                              |   |                                                               |   |   |   |
| Total      Operating Expenses                           |                                                | 1,400     |                                              |   | 2,150                                                              |   |   | 2,503 |
|                                                    |                                                |      |                                              |   |                                                               |   |   |   |
| OTHER      EXPENSES                                     |                                                |      |                                              |   |                                                               |   |   |   |
|                                                    |                                                |      |                                              |   |                                                               |   |   |   |
| Interest      Expense                                   |                                                | 40        |                                              |   | 40                                                                 |   |   | 40 |
|                                                    |                                                |      |                                              |   |                                                               |   |   |   |
| NET      LOSS                                           | $                                                   | (1,440)   |                                              | $      | (2,190)                                                            |   | $ | (2,343) |
|                                                    |                                                |      |                                              |   |                                                               |   |   |   |
| BASIC      LOSS PER SHARE                               | $                                                   | (0)       |                                              | $      | (0.00)                                                             |   |   |   |
|                                                    |                                                |      |                                              |   |                                                               |   |   |   |
| WEIGHTED      AVERAGE NUMBER OF SHARES OUTSTANDING |                                                | 5,590,000 |                                              |   | 5,590,000                                                          |   |   |   |

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Table of Contents

Statements of Stockholders'Equity

|                                                   | Common      Stock Shares                              Amount |   | Paid-In      Capital |   |   | Accumulated      Deficit |   |   | Total   |
|--------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|--------|--------|--------------------------|--------|--------|---------|
|                                                   |                                                                                                                                                                                 |   |                 |   |   |                     |   |   |    |   |   |   |
| Balance      May 1, 2007                               | -                                                                                                                                                                                    |   | $               | -      |   | $                        | -      |   | $  | - |   | $  | - |
|                                                   |                                                                                                                                                                                 |   |                 |   |   |                     |   |   |    |   |   |   |   |
| Contributed      capital                               | -                                                                                                                                                                                    |   |                 | -      |   |                     | 300    |   |    | - |   |   | 300 |
|                                                   |                                                                                                                                                                                 |   |                 |   |   |                     |   |   |    |   |   |   |   |
| Shares      issued for cash at $0.001 per share        | 4,000,000                                                                                                                                                                            |   |                 | 4,000  |   |                     | -      |   |    | - |   |   | 4,000 |
|                                                   |                                                                                                                                                                                 |   |                 |   |   |                     |   |   |    |   |   |   |   |
| Shares      issued for cash at $0.0075 per share       | 1,590,000                                                                                                                                                                            |   |                 | 1,590  |   |                     | 10,335 |   |    | - |   |   | 11,925 |
|                                                   |                                                                                                                                                                                 |   |                 |   |   |                     |   |   |    |   |   |   |   |
| Net      loss from inception through July 31,2007 | -                                                                                                                                                                                    |   |                 | -      |   |                     | -      |   |    | (153) |   |   | (153) |
|                                                   |                                                                                                                                                                                 |   |                 |   |   |                     |   |   |    |   |   |   |   |
| Balance,      July 31, 2007                            | 5,590,000                                                                                                                                                                            |   |                 | 5,590  |   |                     | 10,635 |   |    | (153) |   |   | 16,072 |
|                                                   |                                                                                                                                                                                 |   |                 |   |   |                     |   |   |    |   |   |   |   |
| Net      loss for the six months ended January 31,2008 | -                                                                                                                                                                                    |   |                 | -      |   |                     | -      |   |    | (2,190) |   |   | (2,190) |
|                                                   |                                                                                                                                                                                 |   |                 |   |   |                     |   |   |    |   |   |   |   |
| Balance,      January 31, 2008                         | 5,590,000                                                                                                                                                                            |   | $               | 5,590  |   | $                        | 10,635 |   | $  | (2,343) |   | $  | 13,882 |

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Statements of Cash Flows 

|                                                    | Months      EndedJanuary 31, 2008 |    | Months      EndedJanuary      31,2007 |   | From      Inceptionon      May 1,2007,      ThroughJanuary      31,2008 |
|---------------------------------------------------------|-----------------------------------|---------|---------------------------------------|--------|-------------------------------------------------------------------------|
| CASH      FLOWS FROM OPERATING ACTIVITIES               |                              |    |                                  |   |                                                                    |
|                                                    |                              |    |                                  |   |                                                                    |
| Net      loss                                           | $                                 | (1,440) |                                  | $      | (2,190)                                                                 |   | $ | (2,343) |
| Adjustments      to reconcile net loss to               |                              |    |                                  |   |                                                                    |   |   |   |
|   net      cash used by operating activities: |                              |    |                                  |   |                                                                    |   |   |   |
| Contributed      expenses                               |                              |    |                                  |   |                                                                    |   |   |   |
| Changes      in operating assets and liabilities:       |                              |    |                                  |   |                                                                    |   |   |   |
| Increase      (decrease) in accounts payable            |                              | (750)   |                                  |   | -                                                                       |   |   | - |
| Increase      (decrease) in accrued interest            |                              | 40      |                                  |   | 40                                                                      |   |   | 40 |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| Net      Cash Used by                                   |                              |    |                                  |   |                                                                    |   |   |   |
|    Operating      Activities             |                              | (2,150) |                                  |   | (2,150)                                                                 |   |   | (2,303) |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES               |                              | -       |                                  |   | -                                                                       |   |   | - |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES               |                              |    |                                  |   |                                                                    |   |   |   |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| Proceeds      from common stock issued                  |                              | -       |                                  |   | -                                                                       |   |   | 16,225 |
| Increase      in notes payable-related parties          |                              | -       |                                  |   | -                                                                       |   |   | 1,000 |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| Net      Cash Provided by                               |                              |    |                                  |   |                                                                    |   |   |   |
|    Financing      Activities             |                              | -       |                                  |   | -                                                                       |   |   | 17,225 |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| NET      DECREASE IN CASH                               |                              | (2,150) |                                  |   | (2,150)                                                                 |   |   | 14,922 |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| CASH      AT BEGINNING OF PERIOD                        |                              | 17,072  |                                  |   | 17,072                                                                  |   |   | - |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| CASH      AT END OF PERIOD                              | $                                 | 14,922  |                                  | $      | 14,922                                                                  |   | $ | 14,922 |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| SUPPLIMENTAL      DISCLOSURES OF                        |                              |    |                                  |   |                                                                    |   |   |   |
| CASH      FLOW INFORMATION                              |                              |    |                                  |   |                                                                    |   |   |   |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| CASH      PAID FOR:                                     |                              |    |                                  |   |                                                                    |   |   |   |
|                                                    |                              |    |                                  |   |                                                                    |   |   |   |
| Interest                                                | $                                 | -       |                                  | $      | -                                                                       |   | $ | - |
| Income      Taxes                                       | $                                 | -       |                                  | $      | -                                                                       |   | $ | - |

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Notes to Financial Statements

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Item 2.     Plan of Operation

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| Party Themes               | Key Features                                                                                                                 |
|----------------------------|------------------------------------------------------------------------------------------------------------------------------|
| Fairytale      Princess    |   Snow      White, Sleeping Beauty, Cinderella, and friends.  Wands, crowns,      princess lessons  |
| Barbie      Fashion Party  |  Barbie,      fashion dress-up, runway lessons                                                                     |
|  Rock      Star Divas |  Wild      prints, sunglasses, dance lessons, karaoke                                                              |
| Hawaiian  Luau   |  Grass      skirts, flower leis, tiki torches, hula lessons, limbocontest                                          |
| Garden      Tea Party      |        Formal      dresses, oversized hats, white gloves, etiquette lessons                                        |

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| Cheerleader      Spirit Party |  Cheerleader      uniforms, pom-poms, megaphones, cheer practice, custom cheer for birthday      child  |
|-------------------------------|-------------------------------------------------------------------------------------------------------------------|

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| ·   | Birthday      girl + 10 guests (additional guests $10each) |
|--------------------|------------------------------------------------------------|

| ·   | Small      tiara for birthday girl |
|--------------------|------------------------------------|

| ·   | Tea,      lemonade, and water served with tea pots and tea  cups |
|--------------------|------------------------------------------------------------------|

| ·   | Finger      sandwiches (turkey, ham cheese);mini-quiches |
|--------------------|----------------------------------------------------------|

| ·   | Small      individual cakes for birthday girl and cupcakes for  guests |
|--------------------|------------------------------------------------------------------------|

| ·   | Special      “throne” for the birthday girl |
|--------------------|---------------------------------------------------------|

| ·   | Dress-up      session with make-up, nails, dresses, shoes, and  jewelry |
|--------------------|-------------------------------------------------------------------------|

| ·   | Fashion      show with pictures for each guest |
|--------------------|------------------------------------------------|

| ·   | Dresses      for      purchase                                           ($15-$20      each) |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Large      tiara for princess and/or small tiaras for all guests ($10      each) |
|--------------------|----------------------------------------------------------------------------------|

| ·   | “Up-do’s”      for all girls ($5 each) |
|--------------------|----------------------------------------------------------|

| ·   | Celebrity      guest – Cinderella, Belle, Tinkerbelle, etc. ($50 -  $100) |
|--------------------|---------------------------------------------------------------------------------|

| ·   | Gifts      for each guest ($2 - $6 each) |
|--------------------|------------------------------------------|

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| ·   | more      advanced catering |
|--------------------|-----------------------------|

| ·   | chair      and table rental |
|--------------------|-----------------------------|

| ·   | decorative      fountain rental |
|--------------------|---------------------------------|

| ·   | cotton      candy / snow cone machines |
|--------------------|----------------------------------------|

| ·   | inflatable      jumpers |
|--------------------|-------------------------|

| ·   | costumed      characters |
|--------------------|--------------------------|

| A.   | Print      Advertising |
|----------------|------------------------|

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|  Legal              | $       | 2,000.00  |
|-----------------------------------------|---------|-----------|
| Accounting                              | $       | 2,500.00  |
| Advertising                             | $       | 6,000.00  |
| Inventory      Acquisition              | $       | 2,000.00  |
| Equipment      and fixtures acquisition | $       | 1,500.00  |
| Office and      related            | $       | 500.00    |
|                                    | $  | 14,500.00 |

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Table of Contents

| Time                                                                 |  Objective                                                                                                                                                                                  |
|----------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · By      end of third quarter                             | Conduct      an average of 2 to 3 Fairytale Party events per week; gross revenues in      excess of $1,500 per month                                                                                  |
| · By      mid-late fourth quarter                          | Begin      initial advertising campaign                                                                                                                                                               |
| · By      end of fourth quarter                            | Conduct      an average of 5-7 Fairytale Party events per week; gross revenues in      excess of $4,000 per month                                                                                     |
| · By      end of first quarter of second  fiscal year | Complete      design of affiliate franchise program; begin discussions with potential      franchisees in at least one  major metropolitan area outside of      initial market in Las Vegas |

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Item 3.     Controls andProcedures

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Item 1.     Legal Proceedings

Item 2.     Unregistered Sales of EquitySecurities and Use of Proceeds

Item 3.     Defaults upon SeniorSecurities

Item 4.     Submission of Matters to a Vote ofSecurity Holders

Item 5.     Other Information

Item 6.      Exhibits

| ExhibitNumber | Description      of Exhibit                                                                                                                                                         |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1           | Articles      of Incorporation (1)                                                                                                                                                       |
| 3.2           | By-Laws      (1)                                                                                                                                                                         |
| 31.1          | Certification of Chief Executive Officer pursuant to 18      U.S.C. Section 1350, as adopted pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002                              |
| 31.2          | Certification of Chief Financial Officer pursuant to 18      U.S.C. Section 1350, as adopted pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002                              |
| 32.1          | Certification of Chief Executive Officer and Chief      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant      to Section 906 of the Sarbanes-Oxley Act of  2002 |

| (1)   | Previously      included as an exhibit to the Registration Statement on Form SB-2 filed on      August 30, 2007 |
|-----------------|-----------------------------------------------------------------------------------------------------------------|

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|   | Fairytale      Ventures, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Date:  | March      17, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | By:        /s/Anusha      Kumar                                                       Anusha      KumarTitle:    Chief      Executive Officer, Chief Financial Officer, Principal Accounting      Officer andDirector |