| [X]            | Quarterly      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934 |
|----------------|---------------------------------------------------------------------------------------------------|
|           |                                                                                              |
|           | For      the quarterly period ended April 30,      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.) |

| 7437 S. Eastern Ave., #307, Las Vegas,      Nevada  89123-1538 |
|--------------------------------------------------------------------------|
| (Address      of principal executive offices)                            |

| 702-885-3072                                                                                 |
|----------------------------------------------------------------------------------------------|
| (Issuer’s      telephone number)                                                       |
|  __Former address – 5155 West Tropicana, #1094, Las      Vegas, Nevada 89103__    |
| (Former      name, former address and former fiscal year, if changed since last      report) |

| [ ]      Large accelerated filer[ ]      Non-accelerated filer | [ ]      Accelerated filer[X]      Smaller reporting company |
|----------------------------------------------------------------|--------------------------------------------------------------|

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|                                                  | TABLE OF      CONTENTS                                                                                |   Page |
|-------------------------------------------------------|-------------------------------------------------------------------------------------------------------|------------------|
|  PART I – FINANCIAL      INFORMATION  |
| Item      1:                                          | Financial      Statements                                                                             | 3                |
| Item      2:                                          | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations | 4                |
| Item      3:                                          | Quantitative      and Qualitative Disclosures About Market Risk                                       | 7                |
| Item      4T:                                         | Controls      and Procedures                                                                          | 7                |
|  PART II – OTHER      INFORMATION     |
| Item      1:                                          | Legal      Proceedings                                                                                | 8                |
| Item      1A:                                         | Risk      Factors                                                                                     | 8                |
| Item      2:                                          | Unregistered      Sales of Equity Securities and Use of Proceeds                                      | 8                |
| Item      3:                                          | Defaults      Upon Senior Securities                                                                  | 8                |
| Item      4:                                          | Submission      of Matters to a Vote of Security Holders                                              | 8                |
| Item      5:                                          | Other      Information                                                                                | 8                |
| Item      6:                                          | Exhibits                                                                                              | 8                |

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Item 

| Our      unaudited financial statements included in this Form 10-Q are as      follows:  |
|-----------------------------------------------------------------------------------------------|
| F-1                                                                                           | Balance Sheet as of April 30, 2008    (unaudited); |
|                                                                                          |   |
| F-2                                                                                           | Statements of Operations for the three and nine months ended      April 30, 2008 (unaudited); |
|                                                                                          |   |
| F-3                                                                                           | Statements of Stockholders’ Equity from inception on May 1,      2007 through April 30, 2008 (unaudited) |
|                                                                                          |   |
| F-4                                                                                           | Statements of Cash Flows for the three and nine months ended      April 30, 2008 (unaudited); |
|                                                                                          |   |
| F-5                                                                                           | Notes to FinancialStatements; |

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FAIRYTALE 

|        ASSETS                                                                                                    | April      30,2008 |    | July      31,2007 |
|-----------------------------------------------------------------------------------------------------------------------|--------------------|---------|-------------------|
|                                                                                                                  | (Unaudited)        |    |              |
|                                                                                                                  |               |    |              |
| CURRENT      ASSETS                                                                                                   |               |    |              |
|                                                                                                                  |               |    |              |
| Cash                                                                                                                  | $                  | 12,375  |              | $ | 17,072 |
|                                                                                                                  |               |    |              |   |   |
| Total      Current Assets                                                                                             |               | 12,375  |              |   | 17,072 |
|                                                                                                                  |               |    |              |   |   |
| TOTAL      ASSETS                                                                                                     | $                  | 12,375  |              | $ | 17,072 |
|                                                                                                                  |               |    |              |   |   |
| LIABILITIES AND STOCKHOLDERS'      EQUITY                                                                             |               |    |              |   |   |
|                                                                                                                  |               |    |              |   |   |
| CURRENT      LIABILITIES                                                                                              |               |    |              |   |   |
|                                                                                                                  |               |    |              |   |   |
| Notes      payable - related party                                                                                    | $                  | 1,000   |              | $ | 1,000 |
| Accrued      interest payable                                                                                         |               | 60      |              |   | - |
|                                                                                                                  |               |    |              |   |   |
| Total      Current Liabilities                                                                                        |               | 1,060   |              |   | 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                                                                                              |               | (4,910) |              |   | (153) |
|                                                                                                                  |               |    |              |   |   |
| Total      Stockholders' Equity                                                                                       |               | 11,315  |              |   | 16,072 |
|                                                                                                                  |               |    |              |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                                                       | $                  | 12,375  |              | $ | 17,072 |

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FAIRYTALE 

|                                               |  For      The ThreeMonths      EndedApril      30, 2008 |      |  For      the NineMonths      Ended April      30, 2008 |   | From      Inception on      May 1, 2007      Through April      30, 2008 |
|----------------------------------------------------|--------------------------------------------------------------|-----------|--------------------------------------------------------------|--------|--------------------------------------------------------------------------|
|                                               |                                                         |      |                                                         |   |                                                                     |
| REVENUES                                           | $                                                            | -         |                                                         | $      | -                                                                        |   | $ | 200 |
| COST      OF GOODS SOLD                            |                                                         | -         |                                                         |   | -                                                                        |   |   | - |
| GROSS      MARGIN                                  |                                                         | -         |                                                         |   | -                                                                        |   |   | 200 |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| OPERATING      EXPENSES                            |                                                         |      |                                                         |   |                                                                     |   |   |   |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| General      and administrative                    |                                                         | 2,547     |                                                         |   | 4,697                                                                    |   |   | 5,050 |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| Total      Operating Expenses                      |                                                         | 2,547     |                                                         |   | 4,697                                                                    |   |   | 5,050 |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| OTHER      EXPENSES                                |                                                         |      |                                                         |   |                                                                     |   |   |   |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| Interest      Expense                              |                                                         | 20        |                                                         |   | 60                                                                       |   |   | 60 |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| NET      LOSS BEFORE INCOME TAXES                  |                                                         | (2,567)   |                                                         |   | (4,757)                                                                  |   |   | (4,910) |
| INCOME      TAX EXPENSE                            |                                                         | -         |                                                         |   | -                                                                        |   |   | - |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| NET      LOSS                                      | $                                                            | (2,567)   |                                                         | $      | (4,757)                                                                  |   | $ | (4,910) |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| BASIC      LOSS PER SHARE                          | $                                                            | (0)       |                                                         | $      | (0.00)                                                                   |   |   |   |
|                                               |                                                         |      |                                                         |   |                                                                     |   |   |   |
| WEIGHTED      AVERAGE NUMBER OF SHARES OUTSTANDING |                                                         | 5,590,000 |                                                         |   | 5,590,000                                                                |   |   |   |

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FAIRYTALE 

|                                                        |  Common      Stock |      |   |   | AdditionalPaid-In |   |  Accumulated |   |   |
|-------------------------------------------------------------|-------------------------|-----------|--------|--------|-------------------|--------|-------------------|--------|--------|
|                                                        | Shares                  |      | Amount |   | Capital           |   | 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 nine months ended April 30, 2008 |                    | -         |   |   | -                 |   |              | -      |   |   | (4,757) |   |   | (4,757) |
|                                                        |                    |      |   |   |              |   |              |   |   |   |   |   |   |   |
| Balance,      April 30, 2008                                |                    | 5,590,000 |   | $      | 5,590             |   | $                 | 10,635 |   | $ | (4,910) |   | $ | 11,315 |

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FAIRYTALE 

|                                                                                  |  For      The ThreeMonths      EndedApril      30, 2008 |    |  For      the NineMonths      Ended April      30, 2008 |   | From      Inception on      May 1, 2007      Through April      30, 2008 |
|---------------------------------------------------------------------------------------|--------------------------------------------------------------|---------|--------------------------------------------------------------|--------|--------------------------------------------------------------------------|
| CASH      FLOWS FROM OPERATING ACTIVITIES                                             |                                                         |    |                                                         |   |                                                                     |
|                                                                                  |                                                         |    |                                                         |   |                                                                     |
| Net      loss                                                                         | $                                                            | (2,567) |                                                         | $      | (4,757)                                                                  |   | $ | (4,910) |
| 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                                          |                                                         | -       |                                                         |   | -                                                                        |   |   | - |
| Increase      (decrease) in accrued interest                                          |                                                         | 20      |                                                         |   | 60                                                                       |   |   | 60 |
|                                                                                  |                                                         |    |                                                         |   |                                                                     |   |   |   |
| Net      Cash Used by Operating Activities                                            |                                                         | (2,547) |                                                         |   | (4,697)                                                                  |   |   | (4,850) |
|                                                                                  |                                                         |    |                                                         |   |                                                                     |   |   |   |
| 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                                                             |                                                         | (2,547) |                                                         |   | (4,697)                                                                  |   |   | 12,375 |
|                                                                                  |                                                         |    |                                                         |   |                                                                     |   |   |   |
| CASH      AT BEGINNING OF PERIOD                                                      |                                                         | 14,922  |                                                         |   | 17,072                                                                   |   |   | - |
|                                                                                  |                                                         |    |                                                         |   |                                                                     |   |   |   |
| CASH      AT END OF PERIOD                                                            | $                                                            | 12,375  |                                                         | $      | 12,375                                                                   |   | $ | 12,375 |
|                                                                                  |                                                         |    |                                                         |   |                                                                     |   |   |   |
| SUPPLIMENTAL      DISCLOSURES OF CASH      FLOW INFORMATION                           |                                                         |    |                                                         |   |                                                                     |   |   |   |
|                                                                                  |                                                         |    |                                                         |   |                                                                     |   |   |   |
| CASH      PAID FOR:                                                                   |                                                         |    |                                                         |   |                                                                     |   |   |   |
|                                                                                  |                                                         |    |                                                         |   |                                                                     |   |   |   |
| Interest                                                                              | $                                                            | -       |                                                         | $      | -                                                                        |   | $ | - |
| Income      Taxes                                                                     | $                                                            | -       |                                                         | $      | -                                                                        |   | $ | - |

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FAIRYTALE 

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| Exhibit      Number | Description      of Exhibit                                                                                                                                                              |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 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 |

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|   | Fairytale      Ventures, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Date:  | June      16, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | By:       /s/ Anusha      Kumar                                                       Anusha      KumarTitle:    Chief      Executive Officer andDirector |