UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-KSB

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

        For the fiscal year ended JUNE 30, 2005

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

        Commission file number: 333-67144


                   HUTTON HOLDINGS CORPORATION
  ______________________________________________________________
          (Name of Small Business Issuer in its Charter)


        Nevada                                 87-1578749
  ______________________________________________________________
      (State or jurisdiction               (I.R.S. Employer
       of incorporation)                  Identification No.)


       3851 So. Eaglepoint Dr., Salt Lake City, Utah 84109
  ______________________________________________________________
           (Address number principal executive offices)

                          (801)-244-2423
  ______________________________________________________________
                   (Issuer's telephone number)

Securities registered pursuant to Section 12(b) of the Act:   None

Securities registered pursuant to Section 12(g) of the Act:   None

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file
such reports)  Yes [x]  No [ ];  and (2) has been subject to such filing
requirements for the past 90 days.   Yes [X ]  No [ ]

Check if disclosure of delinquent filers in response to item 405 of Regulation
S-B is not contained herein, and will not be contained, to the best of
registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [X]

State issuer's revenue for its most recent fiscal year: $393,877.

A market value of the voting stock held by non-affiliates cannot be determined
because the registrant does not a trading market.

As of September 15, 2005 the registrant had 25,521,000 shares of common stock
outstanding.

Documents incorporated by reference: None

Transitional Small Business Disclosure Format: Yes [ ] No [X]

                               -1-

<PAGE>




                        TABLE OF CONTENTS


                              PART I

Item 1.  Description of Business...........................................2
Item 2.  Description of Property...........................................7
Item 3.  Legal Proceedings.................................................7
Item 4.  Submission of Matters to a Vote of Security Holders...............7


                             PART II

Item 5.  Market for Common Equity, Related Stockholder Matters and
         Issuer Purchases of Equity Securities.............................7
Item 6.  Management's Discussion and Analysis .............................7
Item 7.  Financial Statements.............................................11
Item 8.  Changes in and Disagreements with Accountants on Accounting
         and Financial Disclosure.........................................23
Item 8A. Controls and Procedures..........................................23
Item 8B. Other Information................................................23

                             PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons,
         Compliance with Section 16(a) of the Exchange Act................23.
Item 10. Executive Compensation...........................................24
Item 11. Security Ownership of Certain Beneficial Owners and Management
         and Related Stockholder Matters..................................25
Item 12. Certain Relationships and Related Transactions...................25
Item 13. Exhibits.........................................................26
Item 14. Principal Accountant Fees and Services...........................26
Signatures................................................................28




                    FORWARD LOOKING STATEMENTS

In this annual report references to "Hutton Holdings,"  "we," "us," and "our"
refer to Hutton Holdings Corporation.

This annual report contains certain forward-looking statements and for this
purpose any statements contained in this annual report that are not statements
of historical fact may be deemed to be forward-looking statements.  Without
limiting the foregoing, words such as "may," "will," "expect," "believe,"
"anticipate," "estimate" or "continue" or comparable terminology are intended
to identify forward-looking statements.  These statements by their nature
involve substantial risks and uncertainties, and actual results may differ
materially depending on a variety of factors, many of which are not within our
control.  These factors include but are not limited to economic conditions
generally and in the markets in which Hutton Holdings may participate,
competition within Hutton's chosen industry, technological advances and
failure by us to successfully develop business relationships.



                               -2-

<PAGE>


                                     PART I


ITEM 1.  DESCRIPTION OF BUSINESS

BUSINESS DEVELOPMENT
--------------------

History
-------

We incorporated  under the laws of the state of Nevada on February 26, 2001 as
Geraco, Inc. for the purpose of selling inspirational gift cards and gifts
from custom manufacturers to retailers, wholesalers and the general public.
Pursuant to a registration statement on Form SB-2 declared effective by the
Securities and Exchange Commission on October 26, 2001, we raised $76,050 with
the offer and sale of 1,521,000 shares of our common stock at $0.05 per share.
Proceeds were utilized for our initial business plan.  We were unsuccessful
with our efforts and during our 2003 fiscal year we began investigating
alternative business opportunities.

Acquisition of Hutton Financial Services
----------------------------------------

On December 15, 2004, in an arms length transaction not involving any
affiliates or related parties, we completed the acquisition of all the issued
and outstanding stock of Hutton Financial Services, Inc. ("Hutton Financial"),
a Nevada Corporation, in exchange for 20,000,000 restricted shares of our
common stock, par value $0.001 per share. Hutton Financial Services, Inc. is
now a wholly owned subsidiary.  As part of the transaction, we also changed
our name to Hutton Holdings Corporation, changed our officers and directors
and experienced a change in control.

OUR BUSINESS
------------

General
-------

We are in the business of providing mortgage brokerage services to individuals
buying new homes. We mainly originate new home loans with a focus on the
builder's market.  Our business is conducted through our wholly owned
subsidiary, Hutton Financial Services, which is located in San Antonio, Texas.
Hutton Financial is currently licenced in Utah, Colorado, New Mexico,
California, and Wyoming.

Principal Products/Services and their Market
--------------------------------------------

We provide mortgage broker services.  We specialize in the builder's market by
providing our clients with specific programs we call "Buyer's Programs" for
buying and/or investing in new homes.  Our "Buyer's Program" focuses on
various services such as investment programs and credit enhancement programs
which include down payment assistance and sub-prime loans for buyers with less
than perfect credit.

Prior to this year, we mostly provided FHA streamline loans, conventional home
loans for purchase of new homes, and refinance of conventional home loans.  We
still have the ability to provide these services, however,  our concentration
has shifted to the builders market. Therefore, although our market is anyone
in the need of a loan for a home, we target individuals who are interested in
either investing in or purchasing a new home.  We offer


                               -3-

<PAGE>


     .  Investor Programs

        We assist local and out-of state buyers in loan origination related to
        investment in the new home builders market.  This also include current
        homeowners who wish to begin investing in new homes.  Because we also
        work with clients who lease new homes as part of their credit enhance-
        ment to help re-establish their credit, we are able to provide a pool
        of lease properties to the benefit of builder, investors and home
        buyers.

     .  Buyer Programs

        We also assist local buyers in funding new home purchases in the
        builders market. This program includes assisting buyers with less than
        perfect credit in enhancing their credit, obtaining sub-prime
        loans, and with down payment assistance; loan origination for buyers
        moving up into better properties; or home owners who wish to become
        investors themselves.

By concentrating on these related services we are developing relationships
with builders, lenders, investors and buyers.

We typically analyze our clients needs and financial situation, provide them
with written information on our buyer system, and introduce them to one of our
buyer programs. For investors and buyers who meet standard qualifications, we
then process mortgage loan applications, submit the applications to the
lenders, and ultimately get the loan funded.  For buyers with less than
perfect credit we work with them in a more long term manner to enhance and
repair credit in numerous ways including the lease of a new home to help
develop credit for a future home purchase.  We can also assist in down
payments, securing sub-prime loans, and helping with long term goals so a
buyer with poor credit can become a  buyer with good credit able to move up
into a better home or become an investor. This also generates refinancing
opportunities.  Our clients pay in advance for the  property appraisal, and we
pay the expenses of credit reports, as well as for processing and underwriting
the loan.  We do not underwrite or service any of the loans we originate.

Our market concentrates on the greater San Antonio and Houston, Texas area.
This locale is experienced huge growth which has placed large demands on the
new housing industry. We believe that we target a 'niche market' and
concentrate our marketing with that in mind.

Distribution Methods of our Product/Services
--------------------------------------------

We market our services mainly in the San Antonio and Houston, Texas area.  Our
main advertising is print which includes some newspaper advertisement but
mostly ads in local "real estate" papers such as "Harmon Homes".  We are also
diligently building relationships with local builders and lenders which
generates referrals.  We also receive referrals from satisfied customers.  All
of our services are conducted from our San Antonio office and we rely heavily
on telephone, computer and the internet to service our clientele.

Status of any Publicly Announced Product or Services
----------------------------------------------------

None.




                               -4-

<PAGE>



Competitive Business Conditions, Competitive
Position in the Industry, Methods of Competition
------------------------------------------------

We compete with a multitude of different business organizations for loan
origination market share.  In general, we compete with:

    .  national companies which provide such services in connection with
       bundled real estate services such as Coldwell Bankers;

    .  companies which provide such services in general such as banks and loan
       institutions;

    .  web based loan services; and

    .  local mortgage brokers in the greater San Antonio Texas area.

Specifically, however, we do not suffer from a high amount of competition in
our locale due to our narrow focus on the builders market.  We do not know of
any other mortgage brokerage firms in our locale which specifically
concentrate on our particular market.  Currently, our main competition is from
builders which have their own real estate and mortgage companies.

We have only been in this geographical location for one year and we are small
company with significantly less assets, volume of business, and name
recognition than many of our broader range competitors.  Our method of
competition for loan origination share relies on:

    .  focusing on a narrow target market, the builders market;

    .  specializing in credit enhancement and real estate investors;

    .  developing strong relationships with builders, lenders and client
       alike; and

    .  continuing to develop and perfect our Buyers Program so it is more
       efficient and effective.

We believe that by earning the trust of the builders in our Buyer Programs we
will be able to establish a strong reputation which will provide us with a
continual source of potential mortgagees.

There are no significant barriers to entering this market, however, and, it is
possible, even likely, that other businesses will attempt to target this
particular market at any time. In addition, if this market became less
prolific, we would face very intense competition should we begin competing for
the broader range of market share.  It is our intention to develop a strong
enough relationship with local builder, lenders and clients that we can stay
competitive when and if enterprises enter our particular market; and, if the
builders market slows down in the San Antonio area it is likely we will
respond by expanding into other geographical locations similar to ours, that
is, locations where housing is still "underpriced" but inventory has decreased
and the builders market is growing, rather than attempting to compete in an
economy that has shifted in a way that we can no longer target the builders
market.


                               -5-

<PAGE>


Source and Availability
------------------------

We have dozens of lenders where we can submit loan applications.  We are not
dependent on any one source for our loans except in the State of California,
where we conduct some business and must use a limited number of specific
lenders.

Dependence on a Few Major Customers
-----------------------------------

No.

Patents, Trademarks, Licenses, Franchises,
Concessions, Royalty Agreements, Labor Contracts
------------------------------------------------

None.

Need for Government Approval Product or Services
------------------------------------------------

We must be licensed in the states where we offer our loan origination
services.  We are licensed to do loan originations in the following states:
Utah, Texas, Colorado, California, New Mexico and Wyoming.

Effect of Existing or Probable Government Regulations
-----------------------------------------------------

We must be licensed as a mortgage broker in certain states where we conduct
business, right now, Texas.  Texas also required us to license our agents
individually if they originate loans.  We are also licensed in California
where we conduct some business, Utah where we formerly had our place of
business, and Wyoming.  If we operate in those states or choose to conduct
operations in other states, we will need to comply with each states licensing
requirements.

We must also maintain the good standing of our corporations, comply with
applicable local business licensing requirements, prepare and file our
periodic reports under the Securities Exchange Act of 1934, as amended, and
comply with other applicable securities laws, rules and regulations.

Existing or probable governmental regulations have not impacted our operations
except for the increased costs of compliance with reporting obligations. These
additional costs will remain consistent so long as we are a reporting company.

Research and Development
------------------------

None.

Costs of Compliance with Environmental Laws
-------------------------------------------

Not applicable.

Employees
---------

We currently have 7 full time employees. We will hire additional employees
only when and if operations require it. In addition,  management confers with
consultants, attorneys and accountants as necessary. Our president performs
the day to day administrative task of Hutton Holdings as necessary and works
full time managing and performing other services, including loan origination,
for Hutton Financial.

                               -6-

<PAGE>

ITEM 2: DESCRIPTION OF PROPERTY

We currently rent approximately 1,200 square feet of office space in San
Antonio, Texas for our mortgage brokerage business on a month to month basis.
We intend to double the size of that office space sometime in the next few
months.


ITEM 3:  LEGAL PROCEEDINGS

We are not a party to any proceedings or threatened proceedings as of the date
of this filing.


ITEM 4:  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

We have not submitted a matter to a vote of our shareholders during the fourth
quarter of the 2005 fiscal year.


                             PART II

ITEM 5:  MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
         PURCHASES OF EQUITY SECURITIES

Market, Holders and Dividends
-----------------------------

Our common stock is not listed on a public market as of the date of this
filing.  We have approximately 67 stockholders of record holding 25,521,000
common shares.  We have not declared dividends on our common stock and do not
anticipate paying dividends on our common stock in the foreseeable future.

Recent Sales of Unregistered Securities
---------------------------------------

There have been no sales of unregistered securities during the period covered
by this report.

Issuer Purchase of Securities
-----------------------------

None.

Securities Authorized for Issuance under Equity Compensation Plans
------------------------------------------------------------------

None.


ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS

Safe Harbor for Forward-Looking Statements
------------------------------------------

When used in this report, the words "may," "will," "expect," "anticipate,"
"continue," "estimate," "project," "intend," and similar expressions are
intended to identify forward-looking statements within the meaning of Section
27a of the Securities Act of 1933 and Section 21e of the Securities Exchange
Act of 1934 regarding events, conditions, and financial trends that may affect
the Hutton's future plans of operations, business strategy, operating results,
and financial position.  Persons reviewing this report are cautioned that any
forward-looking statements are not guarantees of future performance and are


                               -7-

<PAGE>



subject to risks and uncertainties and that actual results may differ
materially from those included within the forward-looking statements as a
result of various factors.  Such factors are discussed further below under
"Trends and Uncertainties", and also include general economic factors and
conditions that may directly or indirectly impact our financial condition or
results of operations.

Results of Operations
---------------------

The following discussions are based on the consolidated financial statements
for the year ended June 30, 2005 and 2004 for Hutton Holdings Corporation and
its wholly owned subsidiary, Hutton Financial Services.  The following
discussions are a summary and should be read in conjunction with the financial
statements, and notes thereto, included with this report in Item II, Part 7,
below.

        Comparison of 2005 and 2004 Fiscal Year Operations
       ---------------------------------------------------

                                                2005               2004
-----------------------------------------------------------------------------

Revenues                                     $   393,877     $    239,758

Cost of revenue                                  108,951          122,987

Gross profit                                     284,926          116,771

Total operating expenses                         267,775           90,385

Income from operations                            17,151           26,386

Other income and (expense)                            (1)              44

Income taxes                                           -                -

Net earnings                                      17,150           26,430

Net earnings (loss) per share                $      0.00       $     0.00


Revenues are mostly commissions on mortgage loans and are recognized in the
period in which the transaction is completed generally at the close of the
mortgage loan. A commission receivable may be recorded for revenue earned but
not yet collected. We had $393,877 in revenues during the year ended June 30,
2005 whereas we had $239,758 in revenues for 2004 which reflects an increase
of approximately 61% between the two years.  Our revenues, however, in our
fourth quarter were $82,328 down from our third quarter income of $129,566 and
second quarter of $137,213, but higher than our first quarter revenues of
almost $65,000.  This reduction in revenues over the last two quarters is a
result of moving our office to San Antonio, Texas and the shift of our
business from origination of FHA and conventional loans and refinances to the
builders market.  Costs of revenues include credit reports, commission
expenses, and loan processing fees.  Costs of revenues for our year ended June
30, 2005 were $108,951 for a gross profit of $284,926 or 72%; for the prior
year the cost of our revenues was $122,987 resulting in a gross profit of
$116,771 or 49%.  The large decrease in costs of revenues between the two
years was a result of lower commissions payable. Our costs of revenues during
our fourth quarter were $31,346 for a gross profit in our final quarter of
$56,306 or 65% with expenses slightly higher in the last quarter than overall
for 2005.


                               -8-

<PAGE>


Total operating expenses nearly tripled for our fiscal year ended June 30,
2005 and totaled $267,775 compared to $90,385 in the prior year.  Net income
from operations for 2005 was $17,151 compared to $26,386 in 2004 a 35%
decrease. The increased revenues in the 2005 fiscal year helped defray the
extra operating expenses.  The increased expenses in the 2005 fiscal year are
a result of our acquisition of Hutton Financial Services in December of 2004
which became our wholly owned subsidiary. The majority of expenses during the
current year consisted of activities conducted by principal officers and
included, legal, accounting and other professional fees associated with
maintaining minimal operations, our geared-up search for business
opportunities, the completion of our acquisition of Hutton Financial, as well
as complying with reporting obligations. It also includes general and
administrative expenses associated with our new business operations which were
higher than usual due to relocation expenses which cost us over $33,000,
compensation to our CEO of approximately $32,000 and various extra expenses
related to gearing up and refocusing our mortgage business operations from
conventional and FHA loan origination to the builders market.  Our advertising
budget alone increased to almost $37,000 during our 2005 fiscal year from
approximately $15,000 in the year ended June 30, 2004. During the 2004 fiscal
year, the majority of our expenses were associated with maintaining minimal
operations as well as general and administrative expenses of Hutton Financial.
During our 2004 fiscal year ended we did not have compensation to our CEO,
moving expenses or the expenses associated with our acquisition.

Liquidity and Capital Resources
-------------------------------

At June 30, 2005, our total current assets were $12,522 and consisted of
cash of $4,833 and commissions receivable of $7,689. Our fixed assets were
$7,949 in property and equipment.  Our total assets at June 30, 2005 were
$20,471.

Current liabilities at June 30, 2005 were $12,684 and consist of accrued
liabilities of $7,585 consisting of accounts payable and commissions due, and
a note payable to an officer of $5,099 which was used as operating capital.
There are no other liabilities.  The loan from our officer is non-interest
bearing, unsecured and payable on demand.

Since inception,  we have funded our development, acquisitions and ongoing
operations mostly through sales of our common stock.  We have also relied on
related parties to loan or advance us cash and/or services. Related party
payables are unsecured, non-interest bearing and due on demand.  Although our
newly acquired business operations have had sufficient cash flow to sustain
existing operations, we have had to rely on some advances from related parties
to help cash flows. We may, therefore, need to raise additional capital from
sales of our equity securities if we need to expand our operations or if
revenues from operations become inadequate. There is no assurance we will be
able to obtain future debt or equity financing as needed, or that any offered
financing terms will be acceptable to us.

Acquisition of Subsidiary through Issuance of Common Stock
-----------------------------------------------------------

We funded the acquisition of our subsidiary through the issuance of common
stock.  On December 15, 2004 the we issued 20,000,000 shares of common stock
for the 100% purchase of Hutton Financial Services. The shares were issued in
a private transaction without registration in reliance of the exemption
provided by Section 4(2) of the Securities Act. No broker was involved and no
commissions were paid on the transaction.


                               -9-

<PAGE>



Trends and Uncertainties
-------------------------

Our prospects must be considered in light of the risks, difficulties, and
expenses frequently encountered by companies in their early stage of
development, particularly companies in rapidly changing markets such as ours
without significant barriers to entrance. To address these risks, we must,
among other things, maintain existing and develop new relationships with real
estate brokers, builders and potential residential customers in the general
public; maintain and develop relationships with builders in our locale;
implement and successfully execute our business and marketing strategy
especially our "buyers programs"; continue to develop and upgrade
transaction-processing systems; provide quality customer service; respond to
competitive developments; and attract, retain and motivate qualified
personnel. There can be no assurance we will be successful in addressing such
risks, and the failure to do so would seriously harm our business, financial
condition, and results of operations. Our current and future expense levels
are based on our planned operations and estimates of future revenues. Revenue
and operating results generally depend upon the volume and timing of mortgages
originated and real estate closings completed, which are rather difficult to
forecast. In view of the changing nature of both the financial services
industry and the overall national economy, we are unable to accurately
forecast revenues. Threats of increased interest rates can be a two edged
sword with sudden pushes to buy and/or refinance before rates increase,  which
are not sustained.  Accordingly, we believe that period-to-period comparisons
of our operating results are not very meaningful and should not be relied upon
as an indication of future performance.

Some of the following conditions could have a material impact on our short or
long-term liquidity:

     .  general risks associated with providing services in the mortgage
        lending industries;

     .  any failure to obtain additional working capital when needed;

     .  loss of key personnel and dependence on employees to generate
        business;

     .  dependence on favorable lending interest rates and other
        general economic conditions;

     .  lack of market acceptance of our services or a change in our
        relatively narrow market;

     .  inability to compete in the intensely competitive nature of mortgage
        lending businesses;

     .  management of the our growth in an effective manner;

     .  and dependence on a healthy national residential housing market.

Specifically, we depend on a very narrow target market, the building market,
and we must respond quickly if the local economy significantly changes
regarding new housing starts.  We are also affected by the recent hurricanes
which are currently providing us with increases in revenues due to an influx
of people to the geographical area stimulating new home purchase. However, if
the local builders market gets compromised due to extreme weather situations
or building supply shortages, it could also impact us in a negative manner.


                               -10-


<PAGE>


We have an accumulated deficit through June 30, 2005 of $737 and a net working
capital deficiency at that date of $162. These factors raise a substantial
doubt as to our ability to continue as a going concern.  Our auditors have
indicated such doubt in both their report and in Note 2 of the accompanying
financial statements.  This is due to our accumulated losses since inception,
our overall decline in revenues, and our negative working capital situation.


ITEM 7. FINANCIAL STATEMENTS











                   Hutton Holdings Corporation
                          and Subsidiary

     Report of Independent Registered Public Accounting Firm
                               and
                       Financial Statements

                          June 30, 2005






                               -11-

<PAGE>





                   Hutton Holdings Corporation


                        TABLE OF CONTENTS



                                                                          Page

Report of Independent Registered Public Accounting Firm . . . .  . . . . . F-1


Consolidated Balance Sheet - June 30, 2005 . . . . . . . . . . . . . . . F-2-3


Consolidated Statements of Operations for the Years Ended
June 30, 2005 and 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . F-4


Consolidated Statements of Stockholders' Equity for
the Years Ended June 30, 2005 and 2004 . . . . . .. . . . . . . . . . . . .F-5


Consolidated Statements of Cash Flows for the Years Ended
June 30, 2005 and 2004  . .  . . . . . . . . . . . . . . . . . . . . . . . F-6


Notes to Consolidated Financial Statements . . . . .  . . . . . . . . . F-7-10



                               -12-

<PAGE>







     Report of Independent Registered Public Accounting Firm


The Board of Directors and Shareholders
Hutton Holdings Corporation


We have audited the accompanying balance sheet of Hutton Holdings Corporation,
including the accounts of its wholly owned subsidiary, Hutton Financial
Services, Inc., as of June 30, 2005, and the related consolidated statements
of operations, stockholders' deficit, and cash flows for the years ended June
30, 2005 and 2004.  These financial statements are the responsibility of the
Company's management.  Our responsibility is to express an opinion on these
financial statements based on our audit.

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

In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Hutton Holdings
Corporation as of June 30, 2005, and the results of operations and cash flows
for the years ended June 30, 2005 and 2004, in conformity with accounting
principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern.  As discussed in Note 2 to the
financial statements, the Company has accumulated losses since inception, has
experienced a decline in revenue and has negative working capital which raise
substantial doubt about its ability to continue as a going concern.
Management's plans in regard to these matters are described in Note 2.  The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.


                                          /s/ Mantyla McReynolds

                                   Mantyla McReynolds
Salt Lake City, Utah
September 16, 2005






                               F-1


<PAGE> 13




                   Hutton Holdings Corporation
                    Consolidated Balance Sheet
                          June 30, 2005



                              ASSETS



Current Assets:

     Cash                                              $     4,833

     Commissions receivable, net of allowance of $0          7,689
                                                       ------------
          Total Current Assets                              12,522

Property & Equipment, net - Note 5                           7,949
                                                       ------------

TOTAL ASSETS                                           $    20,471
                                                       ============










          See accompanying notes to financial statements

                               F-2

<PAGE> 14



                   Hutton Holdings Corporation
              Consolidated Balance Sheet [continued]
                          June 30, 2005



               LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

     Accrued liabilities                              $     7,585

     Note payable -shareholder - Note 4                     5,099
                                                      ------------

          Total Current Liabilities                        12,684
                                                      ------------

               Total Liabilities                           12,684

Stockholders' Equity - Notes 6, 7, 13, 16 & 17

     Preferred stock, $.001 par value;
      authorized 10,000,000 shares;
      issued and outstanding -0- shares                         -

     Common stock, $.001 par value;
      authorized 50,000,000 shares;
      issued and outstanding 25,521,000                    25,521

     Additional paid-in capital                           (16,997)

     Retained earnings                                       (737)
                                                      ------------

          Total Stockholders' Equity                        7,787
                                                      ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY            $    20,471
                                                      ============











          See accompanying notes to financial statements

                               F-3






<PAGE> 15

                   Hutton Holdings Corporation
              Consolidated Statements of Operations
            For the Years Ended June 30, 2005 and 2004


                                                        2005         2004
                                                   ------------- -------------

Revenue                                            $    393,877  $    239,758

Cost of revenue                                        (108,951)     (122,987)
                                                   ------------- -------------

     Gross Margin                                       284,926       116,771

General and administrative expenses                     267,775        90,385
                                                   ------------- -------------

     Net Income/(Loss) from Operations                   17,151        26,386

Other Income/(Expense):

   Interest income                                            -            44
   Interest expense                                          (1)            -
                                                   ------------- -------------

     Total Other Income/(Expense)                            (1)           44
                                                   ------------- -------------

Net Income/(Loss) Before Taxes                           17,150        26,430

   Income taxes                                               -             -
                                                   ------------- -------------

     Net Income/(Loss)                             $     17,150  $     26,430
                                                   ============= =============

Income/(Loss) Per Share basic and diluted          $       0.00  $       0.00
                                                   ============= =============

Weighted Average Shares Outstanding                  25,521,000    25,521,000
                                                   ============= =============




         See accompanying notes to financial statements.


                               F-4

<PAGE> 16



                   Hutton Holdings Corporation
         Consolidated Statements of Stockholders' Equity
            For the Years Ended June 30, 2005 and 2004

                                         Addit'l                 Total
                 Shares       Common     Paid-in     Accumulated Stockholders'
                 Issued       Stock      Capital     Equity      Equity
                 ------------ ---------- ----------- ----------- ------------
Balance,
June 30, 2003       1,000,000 $   1,000  $        -  $  (38,307) $   (37,307)

Recapitalization
with Geraco, Inc.  24,521,000    24,521     (16,997)     (6,010)       1,514

Net loss for
the twelve
months ended
June 30, 2004               -         -           -      26,430       26,430
                 ------------ ---------- ----------- ----------- ------------
Balance,
June 30, 2004      25,521,000    25,521     (16,997)    (17,887)      (9,363)

Net loss for
the twelve
months ended
June 30, 2005               -         -           -      17,150       17,150
                 ------------ ---------- ----------- ----------- ------------


Balance,
June 30, 2005      25,521,000 $  25,521  $  (16,997) $     (737) $     7,787
                 ============ ========== =========== =========== ============



         See accompanying notes to financial statements.

                               F-5

<PAGE> 17
<TABLE>
<CAPTION>


                   Hutton Holdings Corporation
              Consolidated Statements of Cash Flows
            For the Years Ended June 30, 2005 and 2004





                                                                2005        2004
                                                            ------------ ------------

                                                         <c>          <c>
Cash Flows Provided by (Used for) Operating Activities

Net Income/(Loss)                                           $    17,150  $    26,430
Adjustments to reconcile net income to net cash
 provided by operating activities:
   Depreciation and amortization                                  1,698          833
   Decrease (increase) in commission receivable                  (7,688)           -
   Increase (decrease)in accrued liabilities                      7,586          283
                                                            ------------ ------------
      Net Cash Provided by/(used for) Operating Activities       18,746       27,546


Cash Flows Provided by/(Used for) Investing Activities

  Acquisition of property and equipment                          (9,648)           -
                                                            ------------ ------------
      Net Cash Used for Investing Activities                     (9,648)           -


Cash Flows Provided by/(Used for) Financing Activities

  Principal increase on notes payable                            10,104        5,387
  Principal payments/reductions                                 (21,730)     (41,143)
                                                            ------------ ------------

      Net Cash Provided by (Used for)Financing Activities       (11,626)     (35,756)
                                                            ------------ ------------

      Net Increase/(Decrease) in Cash                            (2,528)      (8,210)
                                                            ------------ ------------

Net cash from Geraco, Inc., in combination                          187          970

Beginning Cash Balance                                            7,174       14,414
                                                            ------------ ------------

Ending Cash Balance                                         $     4,833  $     7,174
                                                            ============ ============

Supplemental Disclosures

     Interest paid                                          $         -  $         -

     Income taxes paid                                      $         -  $         -






         See accompanying notes to financial statements.


                               F-6
</TABLE>
<PAGE> 18


                   Hutton Holdings Corporation
            Notes to Consolidated Financial Statements
                          June 30, 2005


Note 1  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

        (a)  Organization

        Hutton Holdings Corporation, ("Company"), was incorporated under the
laws of the State of Nevada on February 26, 2001, as Geraco, Inc. (Geraco).
On December 15, 2004, Geraco completed the acquisition of all the issued and
outstanding stock of Hutton Financial Services, Inc. (Hutton), a Nevada
corporation, and changed its name to Hutton Holdings Corporation.  Hutton
Financial Services, Inc., is a wholly owned subsidiary of Hutton Holdings
Corporation.  Hutton was organized for the purpose of originating residential
home loans, focusing on FHA streamline refinance loans, conventional home
loans for the purchase of new homes and the refinance of conventional home
loans.

        The Company has, at the present time, not paid any dividends and any
dividends that may be paid in the future will depend upon the financial
requirements of the Company and other relevant factors.

        The financial statements of the Company have been prepared in
accordance with U. S. generally accepted accounting principles.  The following
summarizes the more significant of such policies:

        (b)  Income Taxes

        The Company applies the provisions of Statement of Financial
Accounting Standards No. 109 [the Statement], "Accounting for Income Taxes."
The Statement requires an asset and liability approach for financial
accounting and reporting for income taxes, and the recognition of deferred tax
assets and liabilities for the temporary differences between the financial
reporting basis and tax basis of the Company's assets and liabilities at
enacted tax rates expected to be in effect when such amounts are realized or
settled.

        (c)  Net Income or Loss Per Common Share

        Net loss or income per common share is based on the weighted-average
number of shares outstanding.  In accordance with Financial Accounting
Standards No. 128, "Earnings Per Share," basic loss per common share is
computed using the weighted average number of common shares outstanding.
Diluted earnings per share is computed using weighted average number of common
shares plus dilutive common share equivalents outstanding during the period
using the treasury stock method.  The Company has no common stock equivalents
as of June 30, 2005.

        (d)   Statement of Cash Flows

        For purposes of the statements of cash flows, the Company considers
cash on deposit in banks to be cash.  The Company had a cash balance of $4,833
at June 30, 2005.

                               F-7



<PAGE> 19

                   Hutton Holdings Corporation
            Notes to Consolidated Financial Statements
                          June 30, 2005

Note 1  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        [continued]

        (e)  Use of Estimates in Preparation of Financial Statements

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

        (f)  Property and Equipment

         Property and equipment are stated at cost.  Depreciation is provided
using the declining balance method over the useful lives of the related
assets.   Expenditures for maintenance and repairs are charged to expense as
incurred.

        (g)  Revenue recognition/accounts receivable/deferred revenue

        The Company recognizes revenues in accordance with the Securities and
Exchange Commission Staff Accounting Bulletin (SAB) number 104, "Revenue
Recognition."  SAB 104 clarifies application of U. S. generally accepted
accounting principles to revenue transactions.  The Company recognizes revenue
when the earnings process is complete.  That is, when the arrangements of the
service are documented, the service has been performed, the pricing becomes
final and collectibility is reasonably assured.  The earnings process is
generally complete at the time of closing on residential mortgage loans.  A
commission receivable may be recorded for revenue earned but net yet
collected.  An allowance for bad debt is provided based on estimated losses.
For revenue received in advance of services, the Company records a current
liability classified as either deferred revenue or customer deposits.

        (i)    Impairment of Long-Lived Assets

        The Company reviews long-lived assets, at least annually, to determine
if impairment has occurred and whether the economic benefit of the asset (fair
value for assets to be used and fair value less disposal costs for assets to
be disposed of) is expected to be less than the carrying value. Triggering
events, which signal further analysis, consist of a significant decrease in
the asset's market value, a substantial change in the use of an asset, a
significant physical change in the asset, a significant change in the legal or
business climate that could affect the asset, an accumulation of costs
significantly in excess of the amount originally expected to acquire or
construct the asset, or a history of losses that imply continued losses
associated with assets used to generate revenue.


                               F-8

<PAGE> 20


                   Hutton Holdings Corporation
            Notes to Consolidated Financial Statements
                          June 30, 2005


Note 1  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        [continued]

        (j)  Recent Pronouncements

        On December 16, 2004, the Financial Accounting Standards Board
("FASB") issued Statement of Financial Accounting Standard ("SFAS") No. 123(R)
Share-Based Payment, which is a revision of SFAS No. 123, Accounting for
Stock-Based Compensation. SFAS No. 123 (R) supercedes Accounting Principles
Board ("APB") Opinion No. 25, Accounting for Stock issued to Employees. SFAS.
No. 123(R) requires all share-based payments to employees , including grants
of employee stock options, to be recognized in the income statement based on
their fair values. SFAS No. 123(R) must be adopted by the Company no later
than July 1, 2005. The Company expects to adopt SFAS No. 123(R) on July 1,
2005. When the Company adopts SFAS No. 123(R), it may elect the modified
prospective method or the modified retrospective method. The Company has not
yet determined which method it will elect. The Company currently accounts for
share-based payments to employees using APB Opinion No. 25 and the intrinsic
value method and, as a result, generally recognizes no compensation cost for
employee stock options. The impact of adoption of SFAS No. 123 (R) cannot be
determined at this time because it will depend on levels of share-based
payments granted in the future.


Note 2  LIQUIDITY

        The Company has an accumulated deficit through June 30, 2005 amounting
to $737, and has a net working capital deficiency of $162 at June 30, 2005.
These factors raise substantial doubt about the Company's ability to continue
as a going concern. However, management believes that it has improved its
productivity and will continue to earn a profit in the future. The Company has
been able to raise money from loans from shareholders.  The financial
statements do not include any adjustments that might result from the outcome
of this uncertainty.


Note 3  INCOME TAXES

        No provision has been made in the financial statements for income
taxes because the Company has accumulated losses from operations in prior
years, against which it intends to offset future earnings.

        The tax effects of temporary differences that give rise to significant
portions of the deferred tax asset at June 30, 2005 have no impact on the
financial position of the Company.  A valuation allowance is provided when it
is more likely than not that some portion of the deferred tax asset will not
be realized.  Because of the lack of taxable earnings history, the Company has
established a valuation allowance for all future deductible temporary
differences.


                               F-9


<PAGE> 21


                   Hutton Holdings Corporation
            Notes to Consolidated Financial Statements
                          June 30, 2005

Note 3  INCOME TAXES [continued]


        Deferred tax assets                      Balance    Tax       Rate
        ---------------------------------------- ---------- --------- -----
        Loss carryforward(expires through 2025)  $ 16,092   $  2,414   15%
        Valuation allowance                                 $ (2,414)
                                                            ---------
        Deferred tax asset                                  $      0
                                                            =========


        The valuation allowance has decreased $2,572 from $4,986 in the prior
year.


Note 4  RELATED PARTY TRANSACTIONS/STOCKHOLDER - LOANS

        During the year ended June 30, 2005, an officer of the Company loaned
the company a net amount of $5,099  which has been used as operating capital.
The loan is non-interest bearing, unsecured,  and is payable on demand.


Note 5  PROPERTY

        The major classes of assets as of the balance sheet date are as
follows:

                                            Accumulated    Net       Method
        Asset Class               Cost      Depreciation   Book      /Life
        ------------------------  --------- -------------- --------- --------
        Furniture & Equipment     $ 9,647   $   (1,698)    $ 7,949   MACRS/5
        Total                     $ 9,647   $   (1,698)    $ 7,949

        Depreciation expense was $1,698 and $833 for the years ended June 30,
2005 and 2004, respectively.


Note 6  ADVERTISING

        Due to the nature of its operations the Company expends a significant
amount for advertising. The total paid was $36,864 and $14,928 for the years
2005 and 2004, respectively.


                               F-10

<PAGE> 22




ITEM 8:  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
         ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.


ITEM 8A. CONTROLS AND PROCEDURES

Our chief executive officer who also acts as our chief financial officer
evaluated our disclosure controls and procedures as of the end of the period
covered by this report and concluded that our controls and procedures are
effective.

During the fourth quarter of the year ended June 30, 2005, there were no
significant changes in our internal controls or in other factors that could
significantly affect these controls, and no significant deficiencies or
material weaknesses of internal controls that would require corrective action
were identified during that period.


ITEM 8B:  OTHER INFORMATION

None


                             PART III

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

Our executive officers and directors and their respective ages, positions and
biographical information are set forth below.


Name                Age      Position Held                      Director Since
------------------  -------  --------------------------------   --------------
Doug Goff           56       Director, President,               Dec. 2004
                             Secretary/Treasurer
                             Principal Executive and
                             Financial Officer

Mr. Goff has been operating Hutton Financial Services, Inc. since its
inception in 1996 and continues to operate it since our acquisition of that
company in December of 2004. Prior to this, Mr. Goff was co-founder of Quantex
International, Inc. an electronic goods and services company. As president he
managed sales growth of the company from start-up to $6-million dollars in
three years.  Mr. Goff received his bachelor's degree in business finance and
marketing from the University of Utah.

Term of Office

The term of office for our directors is one year, or until a successor is
elected and qualified at the Company's annual meeting of shareholders,
subject to ratification by the shareholders.  The term of office for each
officer is one year or until a successor is elected and qualified and
is subject to removal by the Board.

Family Relationships
--------------------

None


                               -23-

<PAGE>



Audit Committee Financial Expert
--------------------------------

Because we have minimal operations we do not have an audit committee serving
at this time.  Accordingly, we do not have an audit committee financial expert
serving on an audit committee.

Section 16(a) Beneficial Ownership Reporting Compliance
-------------------------------------------------------

We do not have a class of securities registered under the Securities and
Exchange Act of 1934 and therefore our officers, directors and holders of more
than 10% of our outstanding shares are not subject to the provisions of
Section 16(a).

Code of Ethics
---------------

We have adopted a code of ethics for our principal executive and financial
officers. Our code of ethics if filed as Exhibit 14 of this Report.


ITEM 10: EXECUTIVE COMPENSATION

Compensation
------------

Douglas Goff, our Chief Executive Officer receives compensation in the form of
salary/commissions for services performed in his capacity as manager/loan
officer of our subsidiary, Hutton Financial.  He has not received any other
cash compensation or bonuses, stock appreciation rights, long term
compensation, stock awards or long-term incentive rights since the time when
he became an officer/director of Hutton Holdings. Mr. Goff received
compensation from Hutton Financial equaling approximately $33,000 during this
fiscal year.  Gerald Curtis, our former Chief Executive Officer who resigned
in December of 2004, did not receive any compensation during the portion of
fiscal year ended June 30, 2005 in which he served, nor during the years ended
June 2004 or 2003.

We do not have an employment contract with our executive officer.  Any
additional compensation he may receive over and above his compensation for
mortgage broker services performed  will be determined at the discretion of
our Board of Directors from time to time.

Director Compensation
---------------------

We do not have any standard arrangement for compensation of our directors for
any services provided as director, including services for committee
participation or for special assignments.



ITEM 11:  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth the beneficial ownership of our outstanding
common stock by our management and each person or group known by us to own
beneficially more than 5% of our outstanding common stock.  Beneficial
ownership is determined in accordance with the rules of the SEC and generally
includes voting or investment power with respect to securities.  The persons
named in the table below have sole voting power and investment power with
respect to all shares of common stock shown as beneficially owned by them.
The percentage of beneficial ownership is based upon 25,521,000 shares of
common stock outstanding as of June 30, 2005.


                               -24-

<PAGE>


                    CERTAIN BENEFICIAL OWNERS
                    -------------------------

Name and Address of            Number of Shares of
Beneficial Owners              Common Stock            Percentage of Class
-----------------------------------------------------------------------------

Doug Goff                          20,000,000              78.37%
13300 Old Blanco Rd.
Suite 147
San Antonio TX 78216

Gerald D Curtis
8434 68th Street, Arvada CO         2,000,000               7.84%




                            MANAGEMENT
                            ----------

Name and Address of            Number of Shares of
Beneficial Owners              Common Stock            Percentage of Class
------------------------------------------------------------------------------

Doug Goff                          20,000,000              78.37%
13300 Old Blanco Rd.
Suite 147
San Antonio TX 78216


All Executive Officers
and Directors as a Group
(1 persons)                        20,000,000              78.37%



ITEM 12: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Mr. Goff became a related party upon the receipt of 20,000,000 shares in the
acquisition transaction of Hutton Financial. The transaction was an arms
length transaction.  At that time he also became our sole director/officer and
the Company had a change of control.

We have not engaged in any transactions in excess of $60,000 during the past
two years involving our executive officers, directors, 5% or more stockholders
or immediate family members of such persons except that we compensate Mr. Goff
for services performed in his capacity as manager and mortgage broker of
Hutton Financial, our subsidiary.  We compensate Mr. Goff at a wage that we
believe is both fair and is normal and usual in the industry.  Mr. Goff has
also loaned Hutton $5,099 since December 2004 as operating capital.  This loan
has yet to be paid and is unsecured, interest free and due on demand.


                               -25-

<PAGE>



ITEM 13: EXHIBITS

Exhibit
Number                Title
-----------------------------------------------------------------------------
 2.0       Agreement and Plan of Reorganization, dated December 15,
           2004 between Geraco, Inc. and Hutton Financial Services,
           Inc. (Filed as part of Form 8K on December 20, 2004.)

 3.1       Articles of Incorporation
           (filed as Exhibit 2.1 to Form SB-2 on August 9, 2001)

 3.2       Certificate of Amendment of Articles of Incorporation
           Filed with the State of Nevada on December 17, 2004
           (filed as Ex 3.1 of Form 8-K/A on January 31, 2004)

 3.3       Bylaws
           (filed as Exhibit 2.2 to Form SB-2 on August 9, 2001)

14.1       Code of Ethics

31.1       Certification of Principal Executive and Financial
           Officer as adopted pursuant to Section 302 of the
           Sarbanes-Oxley Act of 2002. *

32.1       Certification of Principal Executive and Financial
           Officer Pursuant to 18 U.S.C Section 1350 as Adopted
           Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*

* Filed herewith


ITEM 14:  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit Fee
---------

The aggregate fees billed for each of the last two fiscal years for
professional services rendered by the principal accountant for the audit of
our annual financial statement and review of financial statements included in
our  reports on Form 10-QSB and services normally provided by the accountant
in connection with statutory and regulatory filings or engagements were $4,400
for our year ended June 30, 2005 and $5,065 for our fiscal year ended June 30,
2004.

Audit-Related Fees
------------------

The aggregate fees billed in each of the last two fiscal years for assurance
and related services by the principal accountant that are reasonably related
to the performance of the audit or review of our financial statements that are
not reported above were $0 for our year ended June 30, 2005 and 2004.

Tax Fees
--------

The aggregate fees billed in each of the last two fiscal years for
professional services rendered by the principal accountant for tax compliance,
tax advice, and tax planning were $-0- for fiscal year ended June 30, 2005 and
$85 for fiscal year ended June 30, 2004 and consisted of tax preparation
services.

                               -26-

<PAGE>



All Other Fees
---------------

There were no other aggregate fees billed in either of the last two fiscal
years for products and services provided by the principal accountant, other
than the services reported above.

We do not have an audit committee currently serving and as a result our board
of directors performs the duties of an audit committee. Our board of directors
will evaluate and approve in advance, the scope and cost of the engagement of
an auditor before the auditor renders audit and non-audit services. We do not
rely on pre-approval policies and procedures.


                               -27-

<PAGE>



                            SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


Date: September 27, 2005             HUTTON HOLDINGS CORPORATION

                                      /s/ Douglas Goff
                                  By:_________________________________________
                                     Douglas Goff
                                     President, Secretary/Treasurer & Director
                                     Principal Executive and Financial Officer



In accordance with the Exchange Act, this report has been signed below by the
following person on behalf of the registrant and in the capacities and on the
dates indicated.


                                      /s/ Douglas Goff
Date: September 27, 2005          By:________________________________________
                                     Douglas Goff
                                     President, Secretary/Treasurer & Director
                                     Principal Executive and Financial Officer



                               -28-