UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM
10-Q _________________  (Mark One) þ

Quarterly
Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934  For the Quarterly Period Ended July 31, 2010 or o

Transition
Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934  For the Transition Period from
 to  Commission File Number 333-146572  ASIA
ATLANTIC RESOURCES  (Exact name of registrant as specified in
its charter) Nevada

00-0000000(State or Other Jurisdiction of

(I.R.S. Employer Identification
No.)Incorporation or Organization)  119-600 Eglinton Avenue East, Suite
409Toronto, Ontario, Canada  M4G
2K2(Address of principal executive
offices and zip code)  N/A(Former name, former address and
former fiscal year, if changed since last report  Registrants telephone
number, including area code: (416)
464-7484  Indicate by check mark whether the
registrant: (1) has 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), and (2) has been subject to such filing
requirements for the past 90 days. Yes þ No o  Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company. See the definitions of large accelerated
filer, accelerated filer and smaller reporting company in Rule 12b-2
of the Exchange Act.    1      Large accelerated
filer   ̈

Accelerated filer   ̈  Non-accelerated filer   ̈
(Do not check
if smaller reporting company)

Smaller reporting
company  x Indicate by
check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).    Yes  þ    No   ̈  The number of shares of the registrants common stock
outstanding as of September 7, 2010 was 13,100,000.    2      PART I  Item 1.
 Financial Statements.  ASIA
ATLANTIC RESOURCES. (An
Exploration Stage Company) BALANCE
SHEETS July 31,
2010 and April 30, 2010 (Unaudited)  July 31,
April 30,ASSETS
2010
2010CurrentCash and cash equivalents
$
                   525
$
                    515Total Assets
$
                   525
$
                    515LIABILITIESCurrentAccounts payable and accrued
liabilities
$
              4,555
$
                 5,725Convertible note payable  Note
6
6,500
6,500Due to related party  Note
5
34,132
10,882Total Liabilities
45,187
23,107Going concern  Note 2STOCKHOLDERS EQUITY
(DEFICIT)Capital Stock- Note 7Authorized:75,000,000 common shares with a par value of
$.001Issued and outstanding:13,100,000
shares
13,100
13,100Additional paid in capital
154,400
154,400Deficit accumulated during the exploration
stage
(212,162)
(190,092)Total Stockholders Equity (Deficit)
(
 44,662)
(22,592)Total Liabilities and Stockholders Equity
(Deficit)
$
                   525
$
                    515  See
Accompanying Notes   3      ASIA ATLANTIC RESOURCES (An
Exploration Stage Company) STATEMENTS OF OPERATIONS (Unaudited) For the
three months ended July 31, 2010 and 2009 and from the
period January 22, 2007 (Date of Inception) to July 31, 2010  Accumulated forfrom January 22, 2007July31,
(Date of Inception)2010
2009
to July 31, 2010ExpensesGeological, mineral and prospect
costs
$
                        -
$
                          -
$
                         8,000General and administrative
16,525
16,283
129,865Incorporation costs
-
-
441Professional fees
5,545
13,411
73,970Operating loss for the period
(22,070)
(29,694)
(212,276)Interest revenue
-
-
114Net Loss for the Period
$
             (22,070)
$
              (29,694)
$
                    (212,162)Basic and fully diluted net loss per common
share
$
                 (0.00)
$
                  (0.00)Weighted average common shares outstanding
13,100,000
11,600,000  See
Accompanying Notes    4     ASIA ATLANTIC RESOURCES (An
Exploration Stage Company) STATEMENTS OF CASH FLOWS For the
three months ended July 31, 2010 and 2009, and from the period January 22, 2007 (Date of Inception) to July
31, 2010  From January 22, 2007July 31,
(Date of Inception)2010
2009
To July 31, 2010Operating ActivitiesNet loss for the
period
$
       (22,070)
$     (29,694)
$
                    (212,162)Cash provided by (used in) changesin operating assets
and liabilitiesAccounts
payable and accrued liabilities
(1,170)
20,500
4,555Net cash provided by (used in)
Operating Activities
(23,240)
(9,194)
(207,607)Financing ActivitiesRelated party advances
23,250
10,000
34,132Convertible note payable
-
-
6,500Common stock issued for
cash
-
-
167,500Net cash provided by (used in)
Financing Activities
23,250
10,000
208,132Increase in cash and cash equivalents during the
period
10
806
525Cash and cash equivalents, beginning of the
period
515
764
-Cash and cash equivalents, end of the period
$
              525
$
       1,570
$
                           525Supplemented disclosure of cash flow
information:Cash paid for:Interest
$
                   -
$
               -
$
                                -Income taxes
$
                   -
$
               -
$
                                -  See
Accompanying Notes    5       ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) NOTES TO
THE INTERIM FINANCIAL STATEMENTS (Unaudited) July 31,
2010  Note
1 Interim
Reporting  While
the information presented in the accompanying three month interim financial
statements is unaudited, it includes all adjustments which are, in the opinion
of management, necessary to present fairly the financial position, results of
operations and cash flows for the interim periods presented in accordance with
accounting principles generally accepted in the United States of America.
 All adjustments are of a normal recurring nature.  These
interim financial statements follow the same accounting policies and methods of
their application as the Companys April 30, 2010 annual financial statements.
 However, they do not include all information and footnotes required by
generally accepted accounting principles for complete financial statements.
 Accordingly, it is suggested that these interim financial statements be
read in conjunction with the Companys April 30, 2010 annual financial
statements  Operating
results for the three months ended July 31, 2010 are not necessarily indicative
of the results to be expected for the year ended April 30, 2011.   Note
2 - Nature
and Continuance of Operations  The
Company was incorporated in the State of Nevada on January 22, 2007 and is in
the exploration stage.  The Company is a development stage company as
defined by the Financial Accounting Standards Board (FASB) Accounting Standard
Codification (ASC) Topic 915, Development Stage Enterprises.  The
Company acquired a mineral property located in the Province of British Columbia,
Canada, which expired on September 17, 2008.  The
Company has adopted April 30 as its fiscal year end.  These financial statements have been prepared in accordance with
generally accepted accounting principles applicable to a going concern, which
assumes that the Company will be able to meet its obligations and continue its
operations for its next fiscal year.  Realization values may be
substantially different from carrying values as shown and these financial
statements do not give effect to adjustments that would be necessary to the
carrying values and classification of assets and liabilities should the Company
be unable to continue as a going concern.  At July 31, 2010, the Company
had not yet achieved profitable operations, has accumulated losses of $212,162
since its inception. The Company expects to incur further losses in the
development of its business, all of which casts substantial doubt about the
Companys ability to continue as a going concern.  The Companys ability to
continue as a going concern is dependent upon its ability to generate future
profitable operations and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business operations
when they come due.  Management anticipates that additional funding will be
in the form of equity financing from the sale of common stock.  Management
may also seek to obtain short-term loans from the directors of the Company.
 There are no current arrangements in place for equity funding or
short-term loans.   6     ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) NOTES TO
THE INTERIM FINANCIAL STATEMENTS (Unaudited) July 31,
2010   Note
3 - Significant
Accounting Policies  There
have been no changes in accounting policies from those disclosed in the notes to
the audited financial statements as of April 30, 2010.   Note
4 - Recent
Accounting Pronouncements  Recent
accounting pronouncements issued by the FASB (including its Emerging Issues Task
Force), the AICPA and the SEC, did not, or are not believed by management to,
have a material impact on our present or future financial statements   Note
5 - Related
party transactions  During
the three months ended July, 31, 2010, the Company expensed $15,750 for
management fees to the Director ($15,750 in the three months ending July 31,
2009).  During
the three months ended July 31, 2010, the Companys director advanced funds to
the company in the amount of $7,500.  These
transactions resulted in a net due to the Companys Director as at July 31, 2010
of $34,132 ($38,852 - due from the Director in 2009.)  The advances are due
on demand but without interest.   Note
6 - Convertible
Note  On
August 19, 2008, the Company received financing of $6,500 in exchange for a note
payable that is non-interest bearing and due on demand. Each $0.005 of the
principal outstanding of the note may be converted into one common stock of the
Company at the discretion of the note holder.  Should the conversion
feature be exercised, the Company would be required to issue 1,300,000 shares in
exchange for the note.  The
Company accounts for this financial instrument in accordance with FASB ASC Topic
815, Derivatives and Hedging, Subtopic 40, Contracts in Entity`s Own
Equity.  At its inception the conversion feature was recorded
separately from the debt instrument and using level 1 inputs the fair value was
calculated as $nil.   Note
7 - Capital
Stock  On
February 12, 2007, the Company issued 2,000,000 common shares for $2,000 in cash
to the sole director.  On
February 15, 2007, the Company issued 5,600,000 common shares for $28,000 in
cash.   7     ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) NOTES TO
THE INTERIM FINANCIAL STATEMENTS (Unaudited) July 31,
2010   Note
7 - Capital
Stock  continued  On
November 6, 2008, the Company issued 4,000,000 commons shares for $100,000 in
cash.  On
October 13, 2009, the Company received share subscriptions for 50,000 common
shares for $12,500 in cash.  On
October 22, 2009, the Company received share subscriptions for 50,000 common
shares for $12,500 in cash.  On
December 29, 2009, the Company issued 1,000,000 common shares in fulfillment of
the subscriptions.  On
December 29, 2009, the Company issued 500,000 common shares for $12,500 in cash.  There
are no shares subject to options, warrants or other agreements as at July 31,
2010.    8        Forward-Looking
Statements This
Form 10-Q includes "forward-looking statements" within the meaning of the
"safe-harbor" provisions of the Private Securities Litigation Reform Act of
1995. Such statements are based on management's current expectations and are
subject to a number of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements. All
statements other than historical facts included in this Form, including without
limitation, statements under "Plan of Operation", regarding our financial
position, business strategy, and plans and objectives of management for the
future operations, are forward-looking statements. Although we believe
that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove to have
been correct. Important factors that could cause actual results to differ
materially from our expectations include, but are not limited to, market
conditions, competition and the ability to successfully complete financing.   Item 2.
 Managements Discussion and Analysis of Financial Condition and Results of
Operations.  Plan of
Operation  We
are presently operating as a shell company in the process of seeking a new
business opportunity. We will endeavor to enter into a corporate business
combination or acquisition of assets by which we become engaged in an active
business venture.  There are no present binding arrangements for such a
business combination or acquisition of assets.  We do not presently
have sufficient funds to pay our administrative and operating expenses or to
finance any potential business acquisitions.  Accordingly, we are dependent
upon our ability to raise funds to be able to continue our existence and finance
our efforts to seek a business acquisition.  We do not presently have any
arrangements under which we are assured that the necessary funds will be
available  We
presently have no employees other than our President and sole director.  If
we are able to complete a business acquisition and enter into an active
business, we will have to employ personnel with knowledge of and experience in
that industry.  We anticipate that we will use outside independent
consultants and advisors to assist us in our acquisition efforts.  Results of
Operations for the Three-Month Period Ended July 31, 2010  We
had no revenues for the three-month periods ended July 31, 2010 or 2009.
 We have no present source of revenue and there is little likelihood we
will develop any revenue source during the next 12 months.   9      We
incurred expenses in the amount of $22,070 for the three-month period ended
July 31, 2010 as compared with $29,694 for the three-month period ended
July 31, 2009.  The decrease is to a decline in professional fees of $7,866
for the period in 2010 as compared to 2009.  All these expenses were for
administrative costs and professional fees.  At
July 31, 2010, we had total assets of $525, consisting solely of cash. There
were total liabilities of $45,187, consisting of accounts payable and accrued
liabilities of $4,555, a note payable of $6,500 and advances from a related
party of $34,132.  We
have not attained any source of revenue or profitable operations.  We are
dependent upon obtaining capital financing to pay our administrative costs and
pursue any business activities.  For these reasons, our auditors believe
that there is substantial doubt we will be able to continue as a going
concern.  Item 3.
 Quantitative and Qualitative Disclosures About Market Risk.  None.  Item 4T.
 Controls and Procedures.  Managements
Report on Internal Control over Financial Reporting. Our
management, including our principal executive officer, our principal financial
officer and our principal accounting officer and our Board of Directors, is
responsible for establishing and maintaining a process to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally
accepted accounting principles. Our
management, with the participation of our principal executive officer and
financial officer, evaluated the effectiveness of our internal control over
financial reporting as of July 31, 2010. Our managements evaluation of our
internal control over financial reporting was based on the framework in Internal
ControlIntegrated Framework, issued by the Committee of Sponsoring
Organizations of the Treadway Commission. Based on such evaluation, management
determined that our internal control over financial reporting was not effective
as of July 31, 2010because the
following material weakness in internal control over financial reporting existed
as of July 31, 2010.  (i) lack
of segregation of incompatible duties due to insufficient personnel; and (ii) Insufficient
Board of Directors representation.  Though no material misstatements have resulted
our management has determined that until such time as sufficient representation
on our Board of Directors can be achieved the Companys inability to formulate
an audit committee represents a significant risk.   10      A
material weakness is a deficiency or a combination of control deficiencies in
internal control over financial reporting such that there is a reasonable
possibility that a material misstatement of our annual or interim financial
statements will not be prevented or detected on a timely basis. Limitations
on Effectiveness of Controls Our
principal executive officer and principal financial officer do not expect that
our disclosure controls or our internal control over financial reporting will
prevent all errors and all fraud. A control system, no matter how well conceived
and operated, can provide only reasonable, not absolute, assurance that the
objectives of the control system are met. Further, the design of a control
system must reflect the fact that there are resource constraints, and the
benefits of controls must be considered relative to their costs. Because of the
inherent limitations in all control systems, no evaluation of controls can
provide absolute assurance that all control issues and instances of fraud, if
any, within our company have been detected. These inherent limitations include
the realities that judgments in decision-making can be faulty, and that
breakdowns can occur because of a simple error or mistake. Additional controls
can be circumvented by the individual acts of some persons, by collusion of two
or more people, or by management override of the controls. The design of any
system of controls also is based in part upon certain assumptions about the
likelihood of future events, and there can be no assurance that any design will
succeed in achieving its stated goals under all potential future conditions;
over time, controls may become inadequate because of changes in conditions, or
the degree of compliance with the policies or procedures may deteriorate.
Because of the inherent limitations in a cost-effective control system,
misstatements due to error or fraud may occur and not be detected. Changes
in Internal Control over Financial Reporting There
were no changes in our internal control over financial reporting during the
first quarter of our fiscal year ended July 31, 2010 that have materially
affected, or are reasonably likely to materially affect our internal control
over financial reporting.  PART
II  Item 1.
 Legal Proceedings.  None.  Item 2.
 Unregistered Sales of Equity Securities and Use of Proceeds.  None.  Item 3.
 Defaults Upon Senior Securities.  None.  Item 4.
 Reserved   11       Item 5.
 Other Information.  The
Companys Board of Directors does not presently have a standing nominating
committee or any committee performing similar functions since the Board
presently consists of only one member.  Item 6.
 Exhibits.   Exhibit
No.
Description
of Exhibits31.1
Officers
Certifications under Section 302 of the Sarbanes-Oxley Act of
2002*32.1
Certification
of Chief Executive Officer under Section 906 of the Sarbanes-Oxley Act of
2002.*  ____________________ *   Filed
herewith.   12        SIGNATURES In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.  ASIA
ATLANTIC RESOURCESDate:
September 9,
2010

By:
/s/ Patricia
CookePATRICIA
COOKEPresident,
Chief Executive Officer and Director   13