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

| 7437 S. Eastern Ave.,      #307, Las Vegas, Nevada  89123-1538 |
|--------------------------------------------------------------------------|
| (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) |

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

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Table of Contents

|                                                  | 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 1.  Financial Statements

| Our      unaudited financial statements included in this Form 10-Q are as      follows: |
|-----------------------------------------------------------------------------------------|
|                                                                                    |
| F-1                                                                                     | Balance Sheets as of October 31, 2008 (unaudited) and July 31,      2008; |
|                                                                                    |   |
| F-2                                                                                     | Statements of Operations for the three months ended October 31,      2008 and 2007 and from inception on May 1, 2007 through October 31, 2008      (unaudited); |
|                                                                                    |   |
| F-3                                                                                     | Statements of Stockholders’ Equity as of October 31, 2008      (unaudited) |
|                                                                                    |   |
| F-4                                                                                     | Statements of Cash Flows for the three months ended October 31,      2008 and 2007 and from inception on May 1, 2007 through October 31, 2008      (unaudited); |
|                                                                                    |   |
| F-5                                                                                     | Notes to FinancialStatements; |

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Balance Sheets

| ASSETS                                                                                                                 |                 |     |              |
|------------------------------------------------------------------------------------------------------------------------|----------------------|----------|-------------------|
|                                                                                                                   |                 |     |              |
|                                                                                                                   |                 |     |              |
|                                                                                                                   | October      31,2008 |     | July      31,2008 |
|                                                                                                                   | (unaudited)          |     |              |
|                                                                                                                   |                 |     |              |
| CURRENT      ASSETS                                                                                                    |                 |     |              |
|                                                                                                                   |                 |     |              |
| Cash                                                                                                                   | $                    | 7,838    |              | $ | 9,075 |
|                                                                                                                   |                 |     |              |   |   |
| Total      Current Assets                                                                                              |                 | 7,838    |              |   | 9,075 |
|                                                                                                                   |                 |     |              |   |   |
| TOTAL      ASSETS                                                                                                      | $                    | 7,838    |              | $ | 9,075 |
|                                                                                                                   |                 |     |              |   |   |
|                                                                                                                   |                 |     |              |   |   |
| LIABILITIES AND      STOCKHOLDERS' EQUITY                                                                              |                 |     |              |   |   |
|                                                                                                                   |                 |     |              |   |   |
| CURRENT      LIABILITIES                                                                                               |                 |     |              |   |   |
|                                                                                                                   |                 |     |              |   |   |
| Notes      payable - related party                                                                                     | $                    | 1,000    |              | $ | 1,000 |
| Accounts      payable and accrued expenses                                                                             |                 | 3,600    |              |   | 493 |
|                                                                                                                   |                 |     |              |   |   |
| Total      Current Liabilities                                                                                         |                 | 4,600    |              |   | 1,493 |
|                                                                                                                   |                 |     |              |   |   |
| 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;      10,305,517 shares issued and outstanding |                 | 10,306   |              |   | 10,306 |
| Additional      paid-in capital                                                                                        |                 | 5,919    |              |   | 5,919 |
| Deficit      accumulated during the development stage                                                                  |                 | (12,987) |              |   | (8,643) |
|                                                                                                                   |                 |     |              |   |   |
| Total      Stockholders' Equity                                                                                        |                 | 3,238    |              |   | 7,582 |
|                                                                                                                   |                 |     |              |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                                                        | $                    | 7,838    |              | $ | 9,075 |

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Table of Contents

Statements ofOperations

|                                                         | For      the ThreeMonths      EndedOctober      31,2008 |       | For      the ThreeMonths      EndedOctober      31,2007 |   | From      Inceptionon May      1,2007      ThroughOctober      31,2008 |
|--------------------------------------------------------------|---------------------------------------------------------|------------|---------------------------------------------------------|--------|------------------------------------------------------------------------|
|                                                         |                                                    |       |                                                    |   |                                                                   |
| REVENUES                                                     | $                                                       | -          |                                                    | $      | -                                                                      |   | $ | 200 |
| COST      OF GOODS SOLD                                      |                                                    | -          |                                                    |   | -                                                                      |   |   | - |
| GROSS      MARGIN                                            |                                                    | -          |                                                    |   | -                                                                      |   |   | 200 |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| OPERATING      EXPENSES                                      |                                                    |       |                                                    |   |                                                                   |   |   |   |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| General      and administrative                              |                                                    | 4,324      |                                                    |   | 750                                                                    |   |   | 13,087 |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| Total      Operating Expenses                                |                                                    | 4,324      |                                                    |   | 750                                                                    |   |   | 13,087 |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| OTHER      EXPENSES                                          |                                                    |       |                                                    |   |                                                                   |   |   |   |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| Interest      Expense                                        |                                                    | 20         |                                                    |   | -                                                                      |   |   | 100 |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| NET      LOSS BEFORE INCOME TAXES                            |                                                    | (4,344)    |                                                    |   | -                                                                      |   |   | (12,987) |
| INCOME      TAX EXPENSE                                      |                                                    | -          |                                                    |   | -                                                                      |   |   | - |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| NET      LOSS                                                | $                                                       | (4,344)    |                                                    | $      | (750)                                                                  |   | $ | (12,987) |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| BASIC      LOSS PER SHARE                                    | $                                                       | (0.00)     |                                                    | $      | (0.00)                                                                 |   |   |   |
|                                                         |                                                    |       |                                                    |   |                                                                   |   |   |   |
| WEIGHTED      AVERAGE NUMBER OF SHARES      OUTSTANDING |                                                    | 10,305,517 |                                                    |   | 10,305,517                                                             |   |   |   |

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Statements of Stockholders'Equity

|                                                                  | 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 on May 14,      2007  | 7,374,252         |   |              | 7,374  |        |   | (3,374) |   |   | - |   |   | 4,000 |
|                                                                  |              |   |              |   |        |   |    |   |   |   |   |   |   |
| Shares      issued for cash at $0.004 per share on June 22,      2007 | 2,931,265         |   |              | 2,932  |        |   | 8,993   |   |   | - |   |   | 11,925 |
|                                                                  |              |   |              |   |        |   |    |   |   |   |   |   |   |
| Net      loss from inception through July 31, 2007                    | -                 |   |              | -      |        |   | -       |   |   | (153) |   |   | (153) |
|                                                                  |              |   |              |   |        |   |    |   |   |   |   |   |   |
| Balance,      July 31, 2007                                           | 10,305,517        |   |              | 10,306 |        |   | 5,919   |   |   | (153) |   |   | 16,072 |
|                                                                  |              |   |              |   |        |   |    |   |   |   |   |   |   |
| Net      loss for the year ended July 31, 2008                        | -                 |   |              | -      |        |   | -       |   |   | (8,490) |   |   | (8,490) |
|                                                                  |              |   |              |   |        |   |    |   |   |   |   |   |   |
| Balance,      July 31, 2008                                           | 10,305,517        |   |              | 10,306 |        |   | 5,919   |   |   | (8,643) |   |   | 7,582 |
|                                                                  |              |   |              |   |        |   |    |   |   |   |   |   |   |
| Net      loss for three months ended October 31, 2008                 | -                 |   |              | -      |        |   | -       |   |   | (4,344) |   |   | (4,344) |
|                                                                  |              |   |              |   |        |   |    |   |   |   |   |   |   |
| Balance,      October 31, 2008                                        | 10,305,517        |   | $                 | 10,306 |        | $      | 5,919   |   | $ | (12,987) |   | $ | 3,238 |

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Statements of Cash Flows

|                                                                                  | For      the ThreeMonths      EndedOctober      31,2008 |    | For      the ThreeMonths      EndedOctober      31,2007 |   | From      Inceptionon May      1,2007      ThroughOctober      31,2008 |
|---------------------------------------------------------------------------------------|---------------------------------------------------------|---------|---------------------------------------------------------|--------|------------------------------------------------------------------------|
| OPERATING      ACTIVITIES                                                             |                                                    |    |                                                    |   |                                                                   |
|                                                                                  |                                                    |    |                                                    |   |                                                                   |
| Net      loss                                                                         | $                                                       | (4,344) |                                                    | $      | (750)                                                                  |   | $ | (12,987) |
| 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 and accrued      expenses           |                                                    | 3,107   |                                                    |   | 750                                                                    |   |   | 3,600 |
|                                                                                  |                                                    |    |                                                    |   |                                                                   |   |   |   |
| Net      Cash Used in                                                                 |                                                    |    |                                                    |   |                                                                   |   |   |   |
|    Operating      Activities                                           |                                                    | (1,237) |                                                    |   | -                                                                      |   |   | (9,387) |
|                                                                                  |                                                    |    |                                                    |   |                                                                   |   |   |   |
| INVESTING      ACTIVITIES                                                             |                                                    | -       |                                                    |   | -                                                                      |   |   | - |
|                                                                                  |                                                    |    |                                                    |   |                                                                   |   |   |   |
| 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      INCREASE (DECREASE) IN CASH                                                  |                                                    | (1,237) |                                                    |   | -                                                                      |   |   | 7,838 |
|                                                                                  |                                                    |    |                                                    |   |                                                                   |   |   |   |
| CASH      AT BEGINNING OF PERIOD                                                      |                                                    | 9,075   |                                                    |   | 17,072                                                                 |   |   | - |
|                                                                                  |                                                    |    |                                                    |   |                                                                   |   |   |   |
| CASH      AT END OF PERIOD                                                            | $                                                       | 7,838   |                                                    | $      | 17,072                                                                 |   | $ | 7,838 |
|                                                                                  |                                                    |    |                                                    |   |                                                                   |   |   |   |
| SUPPLEMENTAL      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.     Management’s Discussion and Analysisor Plan of Operation

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Item 3.     Quantitative and QualitativeDisclosures About Market Risk

Item 4T.     Controls andProcedures

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Item 1.     Legal Proceedings

Item 1A.  Risk Factors

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           | Bylaws      (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   | Incorporated      by reference to Registration Statement on Form SB-2 filed August 30,      2007. |
|---------------|---------------------------------------------------------------------------------------------------|

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|   | Fairytale      Ventures, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Date:  | December      12, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | By:        /s/Anusha      Kumar                                                       Anusha      KumarTitle:    Chief      Executive Officer andDirector |