| [X]            | Quarterly      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934 |
|----------------|---------------------------------------------------------------------------------------------------|
|           |                                                                                              |
|           | For      the quarterly period ended January 31,      2009                                         |
|           |                                                                                              |
| [  ] | 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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Table of Contents

Item 1.   Financial Statements

| Our      unaudited financial statements included in this Form 10-Q are as      follows: |
|-----------------------------------------------------------------------------------------|
|                                                                                    |
| F-1                                                                                     | Balance Sheets as of January 31, 2009 (unaudited) and July 31,      2008; |
|                                                                                    |   |
| F-2                                                                                     | Statements of Operations for the three and six months ended      January 31, 2009 and 2008 and from inception on May 1, 2007 through      January 31, 2009 (unaudited); |
|                                                                                    |   |
| F-3                                                                                     | Statements of Stockholders’ Equity as of January 31, 2009      (unaudited) |
|                                                                                    |   |
| F-4                                                                                     | Statements of Cash Flows for the six months ended January 31,      2009 and 2008 and from inception on May 1, 2007 through January 31, 2009      (unaudited); |
|                                                                                    |   |
| F-5                                                                                     | Notes to FinancialStatements; |

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Table of Contents

Balance Sheets

| ASSETS                                                                                                                 |                 |     |              |
|------------------------------------------------------------------------------------------------------------------------|----------------------|----------|-------------------|
|                                                                                                                   |                 |     |              |
|                                                                                                                   |                 |     |              |
|                                                                                                                   | Janurary      312009 |     | July      31,2008 |
|                                                                                                                   | (unaudited)          |     |              |
|                                                                                                                   |                 |     |              |
| CURRENT      ASSETS                                                                                                    |                 |     |              |
|                                                                                                                   |                 |     |              |
| Cash                                                                                                                   | $                    | 3,438    |              | $ | 9,075 |
|                                                                                                                   |                 |     |              |   |   |
| Total      Current Assets                                                                                              |                 | 3,438    |              |   | 9,075 |
|                                                                                                                   |                 |     |              |   |   |
| TOTAL      ASSETS                                                                                                      | $                    | 3,438    |              | $ | 9,075 |
|                                                                                                                   |                 |     |              |   |   |
|                                                                                                                   |                 |     |              |   |   |
| LIABILITIES AND      STOCKHOLDERS' EQUITY                                                                              |                 |     |              |   |   |
|                                                                                                                   |                 |     |              |   |   |
| CURRENT      LIABILITIES                                                                                               |                 |     |              |   |   |
|                                                                                                                   |                 |     |              |   |   |
| Notes      payable - related party                                                                                     | $                    | 1,000    |              | $ | 1,000 |
| Accounts      payable and accrued expenses                                                                             |                 | 1,917    |              |   | 493 |
|                                                                                                                   |                 |     |              |   |   |
| Total      Current Liabilities                                                                                         |                 | 2,917    |              |   | 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                                                                  |                 | (15,704) |              |   | (8,643) |
|                                                                                                                   |                 |     |              |   |   |
| Total      Stockholders' Equity                                                                                        |                 | 521      |              |   | 7,582 |
|                                                                                                                   |                 |     |              |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                                                        | $                    | 3,438    |              | $ | 9,075 |

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Statements ofOperations

|                                   | For      the ThreeMonths      EndedJanuary      31,2009 |       | For      the ThreeMonths      EndedJanuary      31,2008 |   | For      the SixMonths      EndedJanuary      31,2009 |   | For      the SixMonths      EndedJanuary      31,2008 |       | From      Inceptionon May      1,2007      ThroughJanuary      31,2009 |
|----------------------------------------|---------------------------------------------------------|------------|---------------------------------------------------------|--------|-------------------------------------------------------|--------|-------------------------------------------------------|------------|------------------------------------------------------------------------|
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |
| REVENUES                               | $                                                       | -          |                                                    | $      | -                                                     |   | $                                                     | -          |                                                                   | $ | - |   | $ | 200 |
| COST      OF GOODS SOLD                |                                                    |       |                                                    |   |                                                  |   |                                                  | -          |                                                                   |   | - |   |   | - |
| GROSS      MARGIN                      |                                                    | -          |                                                    |   | -                                                     |   |                                                  | -          |                                                                   |   | - |   |   | 200 |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| OPERATING      EXPENSES                |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| General      and administrative        |                                                    | 2,697      |                                                    |   | 1,400                                                 |   |                                                  | 7,021      |                                                                   |   | 2,150 |   |   | 15,784 |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| Total      Operating Expenses          |                                                    | 2,697      |                                                    |   | 1,400                                                 |   |                                                  | 7,021      |                                                                   |   | 2,150 |   |   | 15,784 |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| OTHER      EXPENSES                    |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| Interest      Expense                  |                                                    | 20         |                                                    |   | 40                                                    |   |                                                  | 40         |                                                                   |   | 40 |   |   | 120 |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| NET      LOSS BEFORE INCOME TAXES      |                                                    | (2,717)    |                                                    |   | (1,440)                                               |   |                                                  | -          |                                                                   |   | - |   |   | (15,704) |
| INCOME      TAX EXPENSE                |                                                    | -          |                                                    |   | -                                                     |   |                                                  | -          |                                                                   |   | - |   |   | - |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| NET      LOSS                          | $                                                       | (2,717)    |                                                    | $      | (1,440)                                               |   | $                                                     | (7,061)    |                                                                   | $ | (2,190) |   | $ | (15,704) |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| BASIC      LOSS PER SHARE              | $                                                       | (0.00)     |                                                    | $      | (0.00)                                                |   | $                                                     | (0.00)     |                                                                   | $ | (0.00) |   |   |   |
|                                   |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
| WEIGHTED      AVERAGE NUMBER           |                                                    |       |                                                    |   |                                                  |   |                                                  |       |                                                                   |   |   |   |   |   |
|   OF      SHARES OUTSTANDING |                                                    | 10,305,517 |                                                    |   | 5,590,000                                             |   |                                                  | 10,305,517 |                                                                   |   | 5,590,000 |   |   |   |

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Statements of Stockholders'Equity

|                                                                  | Common      Stock |   | AdditionalPaid-In |   | DeficitAccumulatedDuring      theDevelopment |   |    |
|-----------------------------------------------------------------------|-------------------|--------|-------------------|--------|----------------------------------------------|--------|---------|
|                                                                  | Shares            |   | Amount            |   | Capital                                      |   | Stage   |   | 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 six months ended January 31,      2009         | -                 |   |              | -      |                                         |   | -       |   |   | (7,061) |   |   | (7,061) |
|                                                                  |              |   |              |   |                                         |   |    |   |   |   |   |   |   |
| Balance,      January 31, 2009                                        | 10,305,517        |   | $                 | 10,306 |                                         | $      | 5,919   |   | $ | (15,704) |   | $ | 521 |

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Statements of CashFlows

|                                                    | For      the SixMonths      EndedJanuary      31, |    | For      the SixMonths      EndedJanuary      31, |   | From      Inceptionon May      1,2007      ThroughJanuary      31, |
|---------------------------------------------------------|---------------------------------------------------|---------|---------------------------------------------------|--------|--------------------------------------------------------------------|
|                                                    | 2009                                              |    | 2008                                              |   | 2009                                                               |
| OPERATING      ACTIVITIES                               |                                              |    |                                              |   |                                                               |
|                                                    |                                              |    |                                              |   |                                                               |
|       Net      loss       | $                                                 | (7,061) |                                              | $      | (1,440)                                                            |   | $ | (15,704) |
| 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                   |                                              | 1,424   |                                              |   | (710)                                                              |   |   | 1,917 |
|                                                    |                                              |    |                                              |   |                                                               |   |   |   |
| Net      Cash Used in                                   |                                              |    |                                              |   |                                                               |   |   |   |
|    Operating      Activities             |                                              | (5,637) |                                              |   | (2,150)                                                            |   |   | (13,787) |
|                                                    |                                              |    |                                              |   |                                                               |   |   |   |
| 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                    |                                              | (5,637) |                                              |   | (2,150)                                                            |   |   | 3,438 |
|                                                    |                                              |    |                                              |   |                                                               |   |   |   |
| CASH      AT BEGINNING OF PERIOD                        |                                              | 9,075   |                                              |   | 17,072                                                             |   |   | - |
|                                                    |                                              |    |                                              |   |                                                               |   |   |   |
| CASH      AT END OF PERIOD                              | $                                                 | 3,438   |                                              | $      | 14,922                                                             |   | $ | 3,438 |
|                                                    |                                              |    |                                              |   |                                                               |   |   |   |
| SUPPLEMENTAL      DISCLOSURES OF                        |                                              |    |                                              |   |                                                               |   |   |   |
| CASH      FLOW INFORMATION                              |                                              |    |                                              |   |                                                               |   |   |   |
|                                                    |                                              |    |                                              |   |                                                               |   |   |   |
| CASH      PAID FOR:                                     |                                              |    |                                              |   |                                                               |   |   |   |
|                                                    |                                              |    |                                              |   |                                                               |   |   |   |
| Interest                                                | $                                                 | -       |                                              | $      | -                                                                  |   | $ | - |
| Income      Taxes                                       | $                                                 | -       |                                              | $      | -                                                                  |   | $ | - |

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Notes to Financial Statements

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

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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:  | March      10, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | By:       /s/Anusha      Kumar                                                        Anusha      KumarTitle:    Chief      Executive Officer andDirector |