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, 2009 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)  1543 Bayview Avenue, Suite
409Toronto, Ontario, Canada  M4G
3B5(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.  _____________________________________________________________________________________________  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 1, 2009 was 11,600,000.    2 _____________________________________________________________________________________________   PART
I  Item 1.
 Financial Statements.  ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) BALANCE
SHEETS July 31,
2009 and April 30, 2009 (Unaudited)  July 31,
April 30,2009
2009(Unaudited)
(Audited)ASSETSCurrentCash
and cash equivalents
$
1,570
$
764Note
receivable from related party  Note 4
38,852
48,852Total
Assets
$
40,422
$
49,616LIABILITIESCurrentAccounts
payable and accrued liabilities
$
20,555
$
55Convertible
notes payable  Note 5
6,500
6,500Total
Liabilities
27,055
6,555STOCKHOLDERS EQUITYCapital Stock 
Note 6Authorized:75,000,000
common shares with a par value of $.001Issued
and outstanding:11,600,000
common shares
11,600
11,600Additional paid
in capital
118,400
118,400Accumulated
deficit
(116,633)
(86,939)Total
Stockholders Equity
13,367
43,061Total
Liabilities and Stockholders Equity
$
40,422
$
49,616Going Concern 
Note 2  SEE
ACCOMPANYING NOTES  3 _____________________________________________________________________________________________    ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) STATEMENT OF OPERATIONS (Unaudited) For the
three months ended July 31, 2009 and July 31, 2008 and for the
period January 22, 2007 (Date of Inception) to July 31, 2009  Accumulated forFor the three months ended
from January 22, 2007July 31,
to
(Date of Inception)2009
2008
July 31, 2009ExpensesGeological,
mineral and prospect costs
$
                 -
$
               -
$
             8,000General
and administrative
16,283
(15)
61,917Incorporation
costs
-
-
441Professional
fees
13,411
1,000
46,389(29,694)
(985)
(116,747)Interest
revenue
-
-
114Net Loss for
the Period
$
       (29,694)
$
         (985)
$
        (116,633)Basic and fully
diluted net loss per common share
$
           (0.00)
$
        (0.00)Weighted
average common shares outstanding
11,600,000
8,212,022  SEE
ACCOMPANYING NOTES  4 _____________________________________________________________________________________________   ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) STATEMENT OF CASH FLOWS (Unaudited) For the
three months ended July 31, 2009 and July 31, 2008 for the period January 22, 2007 (Date of Inception) to July
31, 2009  For the three months ended
From January 22, 2007July 31,
(Date of Inception) to2009
2008
July 31, 2009Operating
ActivitiesNet
loss for the period
$
   (29,694)
$
      (985)
$
     (116,633)Cash
provided by (used in) changesin
operating assets and liabilitiesNotes
receivable from related party
-
9,532
-Accounts
payable and accrued liabilities
20,500
(813)
20,555Net cash
provided by (used in) Operating Activities
(9,194)
7,734
(96,078)Financing
ActivitiesAdvances
to related party
10,000
-
(38,852)Convertible
note payable
-
-
6,500Common
stock issued for cash
-
-
130,000Net cash
provided by (used in)
Financing
Activities
10,000
-
97,648Increase in
cash and cash equivalents during the period
806
7,734
1,570Cash and cash
equivalents, beginning of the period
764
(79)
-Cash and cash
equivalents, end of the period
$
    1,570
$
   7,655
$
    1,570Supplemented
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 FINANCIAL STATEMENTS (Unaudited) July 31,
2009  Note
1 Interim
Reporting  While
the information presented in the accompanying interim three months 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.  These interim financial statements follow the same accounting
policies and methods of their application as the Companys April 30, 2009 annual
financial statements.  All adjustments are of a normal recurring nature.
 It is suggested that these interim financial statements be read in
conjunction with the Companys April 30, 2009 annual financial statements.  Operating results for the three months ended July 31, 2009 are not
necessarily indicative of the results that can be expected for the year ended
April 30, 2010.  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 acquired a mineral property
located in the Province of British Columbia, Canada, but let the rights to the
property lapse and currently has no active mineral claims.  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, 2009, the Company
had not yet achieved profitable operations, has accumulated losses of $116,633
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 FINANCIAL STATEMENTS (Unaudited) July 31,
2009  Note
3 Summary
of Significant Accounting Policies  Development
Stage Company  The Company is a development stage company as defined under Financial
Accounting Standard Board (FASB) Accounting Standards Codification 205-915.
 Accordingly, the Company devotes substantially all of its present efforts
to establish its business and its planned principal operations have not
commenced.  All losses accumulated since inception have been considered as
part of the Companys development stage activities.  Financial
Instruments  The carrying values of cash and cash equivalents, notes receivable
and accounts payable and accrued liabilities approximate fair value because of
the short-term nature of these instruments. Management is of the opinion that
the Company is not exposed to significant interest, currency or credit risks
arising from these financial instruments.  Revenue
Recognition  The
Company recognizes revenue when minerals are delivered to the purchaser.  Mineral
Property Costs  Mineral
property acquisition, exploration and development costs are expensed as incurred
until such time as economic reserves are quantified.  From that time
forward, the Company will capitalize all costs to the extent that future cosh
flows from mineral reserves equal or exceed the costs deferred.  The
deferred costs will be amortized over the recoverable reserves when a property
reaches commercial production.  Costs related to site restoration programs
will be accrued over the life of the project.  To date, the Company has not
established any proven reserves on its mineral property. Environmental
Costs  Environmental
expenditures that relate to current operations are expensed or capitalized as
appropriate.  Expenditures that relate to an existing condition caused by
past operations, and which do not contribute to current or future revenue
generation, are expensed.  Liabilities are recorded when environmental
assessments and/or remedial efforts are probable, and the cost can be reasonably
estimated.  Generally, the timing of these accruals coincides with the
earlier of: i) completion of a feasibility study; or  ii) the Companys commitment to a plan of action based on the then
known facts.  7 _____________________________________________________________________________________________   ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) NOTES TO
THE FINANCIAL STATEMENTS (Unaudited) July 31,
2009  Basic and Diluted Net Income (Loss) Per Share  The Company computes net loss per share in accordance with FASB
Accounting Standard Codification 260, "Earnings Per Share, which requires
presentation of both basic and diluted earnings per share (EPS) on the face of
the income statement.  Basic loss per share is computed by dividing net
loss available to common shareholders by the weighted average number of common
shares outstanding during the year.  Diluted EPS gives effect to all
dilutive potential common shares outstanding during the year including stock
options, using the treasury stock method, and convertible preferred stock, using
the if-converted method.  In computing diluted EPS, the average stock price
for the year is used in determining the number of shares assumed to be purchased
from the exercise of stock options or warrants.  Diluted EPS excludes all
dilutive potential common shares if their effect is anti dilutive.  Cash and Cash Equivalents  The Company considers all highly liquid instruments with maturity of
three months or less at the time of issuance to be cash equivalents.  Cash
and Currency Risks The
Company incurs expenditures in Canadian and U.S. dollars. Consequently, some
assets and liabilities are exposed to Canadian dollar foreign currency
fluctuations.  As at July 31, 2009, there were no amounts denominated in
Canadian dollars included in the financial statements. The Company has cash
balances at well-known financial institutions.  Balances in U.S. dollars at
Canadian institutions are not protected by insurance and are therefore subject
to deposit risk.  As at July 31, 2009 all cash and equivalents represented
cash at Canadian financial institutions. Derivative
Instruments  The
Company accounts for derivative instruments according to FASB Accounting
Standard Codification 815.  These standards establish accounting and
reporting standards for derivative instruments, including certain derivative
instruments embedded in other contracts, and for hedging activities.  During
the year ended April 30, 2009, the Company issued a convertible debt note, which
the Company accounts for under FASB Accounting Standard Codification 815 as an
embedded derivative.  Under this standard, the Company has determined that
its conversion right provision contained in the terms governing the note is not
clearly and closely related to the characteristics of the note.
 Accordingly, this conversion feature qualifies to be accounted for
separately from the debt instrument.  As the conversion is at the
discretion of the holder, and may only be converted into equity, the conversion
feature is to be recognized as equity, valued at its fair value at
inception.  8 _____________________________________________________________________________________________   ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) NOTES TO
THE FINANCIAL STATEMENTS (Unaudited) July 31,
2009  Foreign
Currency Translations  The
Company's functional currency is US dollars. Foreign currency balances are
translated into US dollars as follows:  Monetary
assets and liabilities are translated at the period-end exchange rate.
Non-monetary assets are translated at the rate of exchange in effect at their
acquisition, unless such assets are carried at market or nominal value, in which
case they are translated at the period-end exchange rate. Revenue and expense
items are translated at the average exchange rate for the period. Foreign
exchange gains and losses in the period are included in operations Income
Taxes  The
Company follows FASB Accounting Standards Codification 740, which requires the
use of the asset and liability method of accounting for income taxes.
 Under the asset and liability method, deferred tax assets and liabilities
are recognized for future tax consequences attributable to temporary differences
between the financial statements carrying amounts of existing assets and
liabilities and loss carry forwards and their respective tax bases.
 Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the year in which those temporary
differences are expected to be recovered or settled.  Recent
Accounting Pronouncements  The
Company adopts new pronouncements relating to generally accepted accounting
principles applicable to the Company as they are issued, which may be in advance
of their effective date.   Management does not believe that any
recently issued, but not yet effective, accounting standards if currently
adopted would have a material effect on the accompanying financial
statements.  Note
4 Advances
to Related Party  Advances
to the related party represent advances to the Companys director.  There
are no repayment terms or interest attached to the advances.  During the
three months ended July 31, 2009, the Company paid the director management fees
in the amount of $15,750.  ($nil in 2008).  The transaction was
consummated at the price agreed upon by the parties If certain conditions are
met, a derivative may be specifically designated as a hedge, the objective of
which is to match the timing of gain or loss recognition on the hedging
derivative with the recognition of (i) the changes in the fair value of the
hedged asset or liability that are attributable to the hedged risk or (ii) the
earnings effect of the hedged forecasted transaction. For a derivative not
designated as a hedging instrument, the gain or loss is recognized in income in
the period of change.  The Company has not entered into derivatives
contracts to hedge existing risks or for speculative purposes.  9 _____________________________________________________________________________________________    ASIA
ATLANTIC RESOURCES (An
Exploration Stage Company) NOTES TO
THE FINANCIAL STATEMENTS (Unaudited) July 31,
2009  Note
5 Convertible
note payable  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 balance outstanding of the note may be converted into one common stock
of the Company at the discretion of the note holder.  The
Company accounts for this financial instrument in accordance with FASB
Accounting Standards Codification for embedded derivatives and contracts in an
entitys own equity.  In
accordance with FASB Accounting Standards Codification 815-15-25-1 regarding
embedded derivatives, the holders conversion right provision contained in the
terms governing the note is not clearly and closely related to the
characteristics of the note.  Accordingly, this conversion feature
qualifies to be accounted for separately from the debt instrument.  In
accordance with FASB Accounting Standards Codification 815-40-25-4(b) the
conversion feature was recognized an equity instrument at its fair value at
inception. The Company determined the fair value to be $nil using level
1inputs.  Note
6 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.  On
November 6, 2008, the Company issued 4,000,000 commons shares for $100,000 in
cash.  There
are no shares subject to options, warrants or other agreements as at July 31,
2009.  10 _____________________________________________________________________________________________   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  Our
plan of operation for the 12-month period from the date of this report
includes:  
We are in the
process of seeking a new business opportunity.  We will seek to enter
into a business combination or acquisition of assets by which we will
become engaged in an active business venture.  There are no present
binding arrangements for such a business combination or acquisition of
assets;
we are engaged
in preliminary negotiations to acquire an interest in a mineral prospect
located in the Republic of Panama.  This property has had historical
operations for the production of gold.  There are no present
understandings or agreements with respect to any such acquisition; nor do
we presently have sufficient information to form any definitive opinion as
to the merits of or valuation of the property.  If these negotiations
result in an agreement with respect to the acquisition of the property, it
will undoubtedly result in our having to acquire additional financing to
complete the acquisition and conduct necessary exploration work, and if
justified, development work on the property; and  11 _____________________________________________________________________________________________    
while our
acquisition of $100,000 (USD) from the private placement of 4,000,000
shares of common stock in November of 2008 provided us with capital to
cover our present administrative expenses for the next 12 months, we will
have to raise significant amounts of additional capital to finance any
mineral acquisitions and/or exploration programs.  We have no present
arrangement for any capital acquisition, and there is no assurance any
additional capital will become available.    Results of
Operations for the Three-Month Period Ended July 31, 2009  We
had no revenues for the three-month periods ended July 31, 2009 or 2008.
 We have no present source of revenue and there is little likelihood we
will develop any revenue source during the next 12 months.  We
incurred expenses in the amount of $29,684 for the three-month period ended
July 31, 2009 as compared with $985 for the three-month period ended July
31, 2008.  The increase is due to payment of directors management fees of
$15,750 for the period in 2009 as compared to none for 2008 and by an increase
in professional fees of $12,411.  All these expenses were for
administrative and professional fees.  At
July 31, 2009, we had total assets of $40,422, consisting of cash and total
liabilities of $20,255, consisting of accounts payable and accrued liabilities
and a note payable of $6,500.  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 mineral acquisition and/or exploration 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, 2009. 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, 2009 because the following material weakness in internal control
over financial reporting existed as of July 31, 2009.  (i) lack
of segregation of incompatible duties due to insufficient personnel; and (ii) Insufficient
Board of Directors representation.  12 _____________________________________________________________________________________________   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.  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
fourth quarter of our fiscal year ended July 31, 2009 that have materially
affected, or are reasonably likely to materially affect our internal control
over financial reporting.  13 _____________________________________________________________________________________________   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.
 Submission of Matters to a Vote of Security Holders.  None.  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   14 _____________________________________________________________________________________________   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 2,
2009

By:
/s/ Patricia
CookePATRICIA
COOKEPresident,
Chief Executive Officer and Director                           15  _____________________________________________________________________________________________