UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-QSB  (Mark One)  x
        Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  For the quarterly period ended September 30, 2005. 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 333-110324  KING CAPITAL HOLDINGS, INC. (Exact name of registrant as specified in its charter)  Florida
        16-1682307(State or other jurisdiction of
        (I.R.S. Employer Identification No.)incorporation or organization)  9387 S. Old State Road, Lewis Center, Ohio
        43035(Address of principal executive offices)
        (Zip Code)  (770) 514-2006 (Registrants telephone number, including area code)  (Former name, former address and former fiscal year, if changed since last report)  Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesxNoo  Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.  Yes
        o
        Nox   State the number of shares outstanding of each of the issuers classes of common equity, as of November 21, 2005: 33,101,400 shares of common stock.          KING CAPITAL HOLDINGS INC.

FINANCIAL STATEMENTS



INDEX



PART I-- FINANCIAL INFORMATION




Item 1.
        Financial Statements


Item 2.
        Managements Discussion and Analysis of Financial Condition


Item 3.
        Control and Procedures

PART II-- OTHER INFORMATION




Item 1.
        Legal Proceedings


Item 2.
        Changes in Securities


Item 3.
        Defaults Upon Senior Securities


Item 4.
        Submission of Matters to a Vote of Security Holders


Item 5.
        Other Information


Item 6.
        Exhibits and Reports on Form 8-K

SIGNATURE



Item 1. Financial Information



BASIS OF PRESENTATION



The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the nine months ended September 30, 2005 are not necessarily indicative of results that may be expected for the year ending December 31, 2005. The financial statements are presented on the accrual basis.






























KING CAPITAL HOLDINGS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2005






KING CAPITAL HOLDINGS, INC. AND SUBSIDIARY





CONTENTS






PAGE
        1
        CONDENSED CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2005 (UNAUDITED)PAGE
        2
        CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004 (UNAUDITED)PAGE
        3
        CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004 (UNAUDITED)PAGES
        4 - 5
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)



KING CAPITAL HOLDINGS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEET

AS OF SEPTEMBER 30, 2005

(UNAUDITED)










ASSETSCURRENT ASSETSCash
        $
        18,217Prepaid expenses
        
        541Other receivables
        
        22,203Total Current Assets
        
        40,961PROPERTY AND EQUIPMENT, NET
        
        27,814TOTAL ASSETS
        $
        68,775LIABILITIES AND STOCKHOLDERS EQUITYCURRENT LIABILITIESAccounts payable and accrued expenses
        $
        33,899Income taxes payable
        
        3,046Stockholder loans
        
        1,824TOTAL CURRENT LIABILITIES
        
        38,769STOCKHOLDERS EQUITYPreferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding
        
        -Common stock, $0.001 par value, 100,000,000 shares authorized, 33,101,400 shares issued and outstanding
        
        33,101Additional paid in capital
        
        (15,422)Retained earnings
        
        13,327Less subscription receivable
        
        (1,000)Total Stockholders Equity
        
        30,006TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
        $
        68,775



See accompanying notes to condensed consolidated financial statements.

1


KING CAPITAL HOLDINGS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)











For The Three Months Ended September 30, 2005
        
        For The Three Months Ended September 30, 2004
        
        For The Nine Months Ended September 30, 2005
        
        For The Nine Months Ended September 30, 2004REVENUE
        $
        201,409
        $
        191,867
        $
        665,556
        $
        468,392OPERATING EXPENSESMortgage application costs and expenses
        
        156,432
        
        59,033
        
        366,264
        
        164,626Advertising
        
        92,640
        
        20,149
        
        206,586
        
        83,568General and administrative
        
        31,305
        
        145,340
        
        96,469
        
        222,647Total Operating Expenses
        
        280,377
        
        224,522
        
        669,319
        
        470,841INCOME (LOSS) FROM OPERATIONS
        
        (78,968)
        
        (32,655)
        
        (3,763)
        
        (2,449)OTHER INCOME (EXPENSE)Interest income
        
        -
        
        1
        
        -
        
        4Interest expense
        
        -
        
        -
        
        (174)
        
        -Total Other Income (Expense)
        
        -
        
        1
        
        (174)
        
        4Income (Loss) Before Provision for Income Taxes
        
        (78,968)
        
        (32,654)
        
        (3,937)
        
        (2,445)Provision for Income Taxes
        
        (14,062)
        
        (4,531)
        
        -
        
        -NET INCOME (LOSS)
        $
        (64,906)
        $
        (28,123)
        $
        (3,937)
        $
        (2,445)Net income (loss) per share - basic and diluted
        $
        -
        $
        -
        $
        -
        $
        -Weighted average number of shares outstanding during the period - basic and diluted
        
        33,101,400
        
        33,101,400
        
        33,101,400
        
        33,101,400



See accompanying notes to condensed consolidated financial statements.

2


KING CAPITAL HOLDINGS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)













For the Nine Months Ended September 30, 2005
        
        For the Nine Months Ended September 30, 2004CASH FLOWS FROM OPERATING ACTIVITIES:Net loss
        $
        (3,937)
        $
        (2,445)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Depreciation expense
        
        5,369
        
        4,935Changes in operating assets and liabilities:Accounts receivable
        
        12,439
        
        (11,455)Prepaid expenses
        
        542
        
        (549)Other receivables
        
        (22,203)
        
        -Accounts payable and accrued expenses
        
        19,653
        
        9,690Payroll taxes payable
        
        (28,942)
        
        -Net Cash Provided By (Used In) Operating Activities
        
        (17,079)
        
        176CASH FLOWS FROM INVESTING ACTIVITIES:Purchase of property and equipment
        
        (5,587)
        
        -Net Cash Used In Investing Activities
        
        (5,587)
        
        -CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from stockholder loan
        
        (402)
        
        -Cash overdraft
        
        -
        
        (3,985)Net Cash Used In Financing Activities
        
        (402)
        
        (3,985)NET INCREASE (DECREASE) IN CASH
        
        (23,068)
        
        (3,809)CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
        
        41,285
        
        6,112CASH AND CASH EQUIVALENTS AT END OF PERIOD
        
        18,217
        $
        2,303



See accompanying notes to condensed consolidated financial statements.

3


KING CAPITAL HOLDINGS, INC. AND SUBSIDIARY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2005

(UNAUDITED)









NOTE 1
        BASIS OF PRESENTATION AND ORGANIZATION

(A) Basis of Presentation



The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.



It is managements opinion however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year.



(B) Use of Estimates



In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.



(C) Earnings Per Share



Basic and diluted net income per common share is computed based upon the weighted average common shares outstanding as defined by Financial Accounting Standards No. 128, Earnings Per Share.  As of September 30, 2005 and 2004, there were no common share equivalents outstanding.



(D) Income Taxes



For the nine months ended September 30, 2005, the Company accounts for income taxes under the Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes (Statement 109). Under Statement 109, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under Statement 109, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.





4


KING CAPITAL HOLDINGS, INC. AND SUBSIDIARY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2005

(UNAUDITED)








NOTE 2
        RELATED PARTY TRANSACTIONS

During 2005, the Companys stockholder loaned the Company an additional $402. The loan is due on demand, unsecured and non-interest bearing. As of September 30, 2005, the total outstanding loan is $1,824.




NOTE 3
        GOING CONCERN

As reflected in the accompanying  financial  statements,  the Company incurred a
loss of $3,937 during the nine months ended  September 30, 2005 and continues
to experience increased costs for advertising and loan closing costs to generate
the same amount of revenue.  This raises  substantial doubt about its ability to
continue as a going  concern.  The ability of the Company to continue as a going
concern is dependent on the  Companys  ability to raise additional capital
and implement  its business  plan.  The financial  statements do not include any
adjustments  that might be  necessary  if the Company is unable to continue as a
going concern.



Management believes that actions presently being taken to expand its operations into Florida and generate additional revenues provide the opportunity for the Company to continue as a going concern.





5








Item 2. Managements Discussion and Analysis or Plan of Operation



Overview



We are a provider of traditional mortgage services and we derive our revenues from the brokering of mortgage loans. We charge a fixed processing fee, a credit report fee, a brokerage fee, and an origination fee. We recognize revenues when the loan is closed, at which time we are paid by the lender.



Results of Operations



For the Three Months Ended September 30, 2005 and 2004



Gross  revenues  increased  from  $191,867 for the three month period ended  September 30, 2004 to $201,409 for the three months period
ended  September 30, 2005, an increase of $9,542.  These revenues were generated from our brokering of mortgage loans. We are not aware
of any known trends,  events,  demands,  commitments or  uncertainties  in our industry that are  reasonably  likely to have a material
impact on our present or future  financial  condition  or  operating  performance.  The  increase  in revenues is due to a  significant
increase in marketing and  advertising of our services as well as maintaining  relationships  with and providing  support to,  existing
and new  customers.  There can be no assurance that our revenues will increase in the future.  Accordingly,  our ability to maintain or
increase  revenues  will depend in part upon our ability to market and advertise  our services to attract new  customers.  Our net loss
from  operations  for the three month period ending  September 30, 2004 was ($28,123) as compared to net loss from  operations  for the
three month period ending September 30, 2005 of ($64,906).



Selling, general and administrative expenses decreased from $145,340 for the three month period ending September 30, 2004 to $31,305
for the three month period ending September 30, 2005. These expenses represent our total operating expenses during this period. The
decrease in our total operating expenses was due to the payroll expense and other cost cutting by management. Mortgage expense and
application cost expense was $59,033 and $156,432 for the three months ended September 30, 2004 and 2005, respectively an increase of
$97,399. The increase was due to the increase in revenue. Advertising expenses were $20,149 and $92,640 for the three months ended
September 30, 2005 and 2004, respectively an increase of $72,491 in additional advertising costs which increased our sales during the
same period.



For the Nine Months Ended September 30, 2005 and 2004


Gross revenues increased from $486,392 for the nine month period ended September30, 2004 to $665,556 for the nine month period ended
September 30, 2005, an increase of $197,164. These revenues were generated from our brokering of mortgage loans. We are not aware of
any known trends, events, demands, commitments or uncertainties in our industry that are reasonably likely to have a material impact
on our present or future financial condition or operating performance. The increase in revenues is due to a significant increase in
marketing and advertising of our services as well as maintaining relationships with and providing support to, existing and new
customers. There can be no assurance that our revenues will increase in the future. Accordingly, our ability to maintain or increase
revenues will depend in part upon our ability to market and advertise our services to attract new customers. Our net loss from
operations for the nine month period ending September 30, 2004 was ($2,445) as compared to net loss from operations for the nine
month period ending September 30, 2005 of ($3,937).



Selling, general and administrative expenses decreased from $222,647 for the nine month period ending September 30, 2004 to $94,649
for the nine month period ending September 30, 2005. These expenses represent our total operating expenses during this period. The
decrease in our total operating expenses was due to the payroll expense and other cost cutting by management. Mortgage expense and
application cost expense was $164,426 and $366,264 for the nine months ended September 30, 2004 and 2005, respectively an increase of
$201,638. The increase was due to the increase in revenue. Advertising expenses were $83,568 and $206,586 for the nine months ended
September 30, 2005 and 2004, respectively an increase of $123,018 in additional advertising costs which increased our sales during
the same period.



Capital Resources and Liquidity.



As of September 30, 2005,  we had $18,217 in cash.  Our general and  administrative  is expected to average  approximately  $15,000 per
month for the next 12 months based upon our  projected  operating  budget.  We can  not currently  satisfy more than one year of operations
without receiving additional funds from Mr. King or additional investors.



Our  operating  activities  used cash of  ($17,079)  in the nine  months  ending
September  30, 2005,  whereas in the nine months  ending  September 30, 2004 our
operating  activities  provided  cash of $176.  As of September 30, 2005, we had
total current assets of $40,961  including cash of $18,217.  As of September 30,
2005, our total current liabilities amounted to $38,769.



Critical Accounting Policies



King Capitals financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (GAAP). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different
assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.



Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, King Capital views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on King Capitals consolidated financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.



Item 3. Controls and Procedures




(a)
        Evaluation of disclosure controls and procedures.

Our Chief Executive Officer and Chief Financial Officer (collectively the Certifying Officers) maintain a system of disclosure controls and procedures that is designed to provide reasonable assurance that information, which is required to be disclosed, is accumulated and communicated to management timely. Under the supervision and with the participation of management, the Certifying Officers evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)] under the Exchange Act) within 90 days prior to the filing date of this report. Based upon that evaluation, the Certifying Officers concluded that our disclosure controls and procedures are effective in timely alerting them to material information relative to our company required to be disclosed in our periodic filings with the SEC.




(b)
        Changes in internal controls.

Our Certifying Officer has indicated that there were no significant changes in our internal controls or other factors that could significantly affect such controls subsequent to the date of his evaluation, and there were no such control actions with regard to significant deficiencies and material weaknesses.




PART II - OTHER INFORMATION



Item 1. Legal Proceedings.



The Company is currently not a party to any pending legal proceedings and no such action by, or to the best of its knowledge, against the Company has been threatened.



Item 2. Changes in Securities.



None



Item 3. Defaults Upon Senior Securities.



None



Item 4. Submission of Matters to a Vote of Security Holders.



No matter was submitted during the quarter ending September 30, 2005, covered by this report to a vote of the Companys shareholders, through the solicitation of proxies or otherwise.



Item 5. Other Information.



None



Item 6. Exhibits and Reports of Form 8-K.




(a)
        Exhibits


31.1 Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002


32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002


(b)
        Reports of Form 8-K


None



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, there unto duly authorized.




KING CAPITAL HOLDINGS, INC.Registrant




Date: November 21, 2005
        By:/s/ Sean KingSean KingPresident, Chief Executive Officer,Chief Financial Officer andChief Accounting Officer