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

                                   FORM 10-QSB

|X|   Quarterly report pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934. For the quarterly period ended September 30, 2006.

|_|   Transition report pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934. For the transition period from ____ to ____ .

                            SK REALTY VENTURES, INC.
             (Exact name of registrant as specified in its charter)

             NEVADA                                       76-0747086
-------------------------------                 --------------------------------
(State or Other Jurisdiction of                 (Employer Identification Number)
 Incorporation or Organization)

                               585 Stewart Avenue
                                    Suite 760
                              Garden City, NY 11530
              (Address of Principal Executive Offices and Zip Code)

                                 (516) 683-1254
                         (Registrants telephone number)

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

Securities registered pursuant to Section 12(g) of the Act: Common Stock, par
value $.0001 per share

Check 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 |X| NO |_|

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). YES |_| NO |X|

Number of shares outstanding of each of the registrant's classes of common stock
as of November 10, 2006: Common Stock: 12,300,240

<PAGE>

Part 1
Item 1: Financial Statements

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                           Consolidated Balance Sheet
                                   (Unaudited)

                                     ASSETS

<TABLE>
<CAPTION>
                                                                       September 30,
                                                                            2006
                                                                       -------------
<S>                                                                      <C>
CURRENT ASSETS

     Cash                                                                $      20
     Marketable securities                                                   3,825
                                                                         ---------

       Total Current Assets                                                  3,845
                                                                         ---------

OTHER ASSETS

     Tax deeds                                                              16,661
                                                                         ---------

       Total Other Assets                                                   16,661
                                                                         ---------

       TOTAL ASSETS                                                      $  20,506
                                                                         =========

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILTIES

     Accrued expenses                                                      283,941
     Loan payable - officer                                                 10,000
     Loan payable - other                                                   10,000
     Line of credit                                                          6,227
     Accrued interest payable                                                1,062
     Property taxes payable                                                  5,148
                                                                         ---------

       Total Current Liabilities                                           316,378
                                                                         ---------

       TOTAL LIABILITIES                                                 $ 316,378
                                                                         ---------

STOCKHOLDERS' EQUITY (DEFICIT)

     Preferred stock; 10,000,000 authorized at $0.0001 par value                --
     Common stock; 300,000,000 shares authorized at $0.0001 par value;
      12,300,240 shares issued and outstanding                               1,230
     Additional paid-in-capital                                            212,371
     Subscription receivable                                                  (150)
     Other comprehensive (loss)                                            (33,675)
     Deficit accumulated during the development stage                     (475,648)
                                                                         ---------

       Total Stockholders' Equity (Deficit)                               (295,872)
                                                                         ---------

       TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                        $  20,506
                                                                         =========
</TABLE>

   The accompanying notes are an integral part of these consolidated financial
                                   statements.

<PAGE>

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
       Consolidated Statements of Operations and Other Comprehensive Loss
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                                  From
                                                                                                                Inception
                                                                                                                 of the
                                                                                                               Development
                                                                                                                 Stage on
                                                    Three Months Ended              Nine Months Ended            August 1,
                                                       September 30,                   September 30,           2003 through
                                               ----------------------------    ----------------------------    September 30,
                                                   2006            2005            2006            2005            2006
                                               ------------    ------------    ------------    ------------    ------------
<S>                                            <C>             <C>             <C>             <C>             <C>
REVENUE                                        $         --    $         --    $         --    $         --    $         --
                                               ------------    ------------    ------------    ------------    ------------

EXPENSES

   Salary                                            15,000          15,000          45,000          45,000         215,300
   Bank charges                                          --              14              --              50              50
   Professional fees                                 10,960          13,991          53,213          25,768         204,022
   Administrative costs                               4,500           4,500          13,500          13,500          49,500
   Interest expense                                   1,215              --           1,502              --           1,628
   Taxes                                                326             237             978             711           5,148
                                               ------------    ------------    ------------    ------------    ------------

    Total Expenses                                   32,001          33,742         114,193          85,029         475,648
                                               ------------    ------------    ------------    ------------    ------------

NET LOSS                                            (32,001)        (33,742)       (114,193)        (85,029)       (475,648)
                                               ------------    ------------    ------------    ------------    ------------

OTHER COMPREHENSIVE LOSS

   Change in marketable securities valuation         (2,175)           (750)             75          (2,250)        (33,675)
                                               ------------    ------------    ------------    ------------    ------------

TOTAL COMPREHENSIVE LOSS                       $    (34,176)   $    (34,492)   $   (114,118)   $    (87,279)   $   (509,323)
                                               ============    ============    ============    ============    ============

BASIC LOSS PER SHARE                           $      (0.00)   $      (0.00)   $      (0.01)   $      (0.01)
                                               ============    ============    ============    ============

WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING                              12,300,240      12,300,240      12,300,240      12,300,240
                                               ============    ============    ============    ============
</TABLE>

   The accompanying notes are an integral part of these consolidated financial
                                   statements.

<PAGE>

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                      Consolidated Statements of Cash Flows
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                                       From
                                                                                     Inception
                                                                                      of the
                                                                                    Development
                                                                                     Stage on
                                                              Nine Months Ended      August 1,
                                                                 September 30,     2003 through
                                                           ----------------------  September 30,
                                                             2006         2005         2006
                                                           ---------    ---------  -------------
<S>                                                        <C>          <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES

   Net loss                                                $(114,193)   $ (85,029)   $(475,648)
   Adjustments to reconcile net loss to net cash used by
    operating activities:
     Stock issued for services                                12,500        6,250       45,000
     Amortization of deferred consulting expense                  --           --       30,300
     Property tax payable                                        978          711        5,148
     Prepaid expenses                                             --           --           --
     Accrued interest payable                                  1,062           --        1,187
     Increase in accrued expenses                             89,213       78,018      283,941
     Deferred consulting                                          --           --       89,581
                                                           ---------    ---------    ---------

       Net Cash Used by Operating Activities                 (10,440)         (50)     (20,491)
                                                           ---------    ---------    ---------

CASH FLOWS FROM INVESTING ACTIVITIES

   Tax deeds                                                      --       (3,741)      (5,661)
                                                           ---------    ---------    ---------

     Net Cash Used by Investing Activities                        --       (3,741)      (5,661)
                                                           ---------    ---------    ---------

CASH FLOWS FROM FINANCING ACTIVITIES

   Loan payable                                               10,000           --       20,000
   Proceeds from line of credit                                  440        3,741        6,102
   APIC                                                           --           --           70
                                                           ---------    ---------    ---------

     Net Cash Used by Financing Activities                    10,440        3,741       26,172
                                                           ---------    ---------    ---------

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                  --          (50)          20

CASH AT BEGINNING OF PERIOD                                       20           50           --
                                                           ---------    ---------    ---------

CASH AT END OF PERIOD                                      $      20    $      --    $      20
                                                           =========    =========    =========

SUPPLEMENTAL SCHEDULE OF CASH FLOW ACTIVITIES

   CASH PAID FOR:

     Interest                                              $     440    $      --    $     440
     Income taxes                                          $      --    $      --    $      --

   NON-CASH INVESTING AND FINANCING ACTIVITIES

     Stock for assets                                      $      --    $      --    $  48,650
     Stock issued for services                             $  12,500    $      --    $  45,000
     Net change in unrealized loss on investment           $      75    $   2,250    $  33,675
</TABLE>

   The accompanying notes are an integral part of these consolidated financial
                                   statements.

<PAGE>

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
                               September 30, 2006

NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION

      The accompanying unaudited consolidated financial statements have been
      prepared by the Company pursuant to the rules and regulations of the
      Securities and Exchange Commission. Certain information and footnote
      disclosures normally included in financial statements prepared in
      accordance with accounting principles generally accepted in the United
      States of America have been condensed or omitted in accordance with such
      rules and regulations. The information furnished in the interim condensed
      financial statements include normal recurring adjustments and reflects all
      adjustments, which, in the opinion of management, are necessary for a fair
      presentation of such financial statements. Although management believes
      the disclosures and information presented are adequate to make the
      information not misleading, it is suggested that these interim condensed
      financial statements be read in conjunction with the Company's December
      31, 2005 audited financial statements and notes thereto.

NOTE 2 - GOING CONCERN

      The Company's consolidated financial statements are prepared using
      accounting principles generally accepted in the United States of America
      applicable to a going concern which contemplates the realization of assets
      and liquidation of liabilities in the normal course of business. The
      Company has not yet established an ongoing source of revenues sufficient
      to cover its operating costs and allow it to continue as a going concern.
      The ability of the Company to continue as a going concern is dependent on
      the Company obtaining adequate capital to fund operating losses until it
      becomes profitable. If the Company is unable to obtain adequate capital,
      it could be forced to cease operations.

      In order to continue as a going concern, develop a reliable source of
      revenues, and achieve a profitable level of operations the Company will
      need, among other things, additional capital resources. Management's plans
      to continue as a going concern include raising additional capital through
      sales of common stock. However, management cannot provide any assurances
      that the Company will be successful in accomplishing any of its plans.

      The ability of the Company to continue as a going concern is dependent
      upon its ability to successfully accomplish the plans described in the
      preceding paragraph and eventually secure other sources of financing and
      attain profitable operations. The accompanying financial statements do not
      include any adjustments that might be necessary if the Company is unable
      to continue as a going concern.

<PAGE>

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
                               September 30, 2006

NOTE 3- OUTSTANDING STOCK OPTIONS

      On November 1, 2003, the Board of Directors of the Company adopted "The
      2003 Compensation Benefit Plan, under which the Company may issue stock,
      or grant options to employees, consultants, advisors, or other
      individuals. The total number of shares as to which the Company may issue
      or grant options under this plan is one and one half million (1,500,000).
      The Company has granted 1,200,000 shares under this plan.

      A summary of the status of the Company's stock option plan as of September
      30, 2006 and changes during the period are presented below:

                                               Weighted
                                                Average            Exercise
                                                Shares               Price
                                         -------------------     ---------------

      Outstanding, December 31, 2005               1,200,000     $        0.0001

        Granted                                           --                  --
        Canceled/Expired                                  --                  --
        Exercised                                         --                  --
                                         -------------------     ---------------

      Outstanding, September 30, 2006              1,200,000
                                         -------------------

      Exercisable, September 30, 2006              1,200,000
                                         ===================

NOTE 4- CREDIT LINE

An analysis of the related party line of credit of the Company as of September
30, 2006 is shown below:

                                            Line of                    Debt
                                             Credit                 Outstanding
                                        ----------------         ---------------

Revolving Credit Line                   $        100,000         $         6,227

      The Company entered into a revolving credit promissory note with a related
      party on May 1, 2004. The revolving credit line is for $100,000 with an
      annual interest rate of 9%. As of September 30, 2006, the Company has
      drawn $6,227 on the credit line.

<PAGE>

Item 2: Management's Discussion and Analysis of Financial Condition and Results
        of Operations

Results of Operations

Assets

      Our assets consist of marketable securities and five real estate
properties we have purchased in Reading, PA at tax auctions, which we intend to
resell. We value the properties at our acquisition costs. The following table
provides additional details on the properties.

--------------------------------------------------------------------------------
Location                 Description                            Acquisition Cost
--------------------------------------------------------------------------------
Reading, PA              Three story brick building                $8,892
--------------------------------------------------------------------------------
Reading, PA              Two story brick building                  $4,120
--------------------------------------------------------------------------------
Reading, PA              Mobile home                               $1,058
--------------------------------------------------------------------------------
Reading, PA              Mobile home                               $2,682
--------------------------------------------------------------------------------
Sellersville, PA         Vacant land parcel                        $1,919
--------------------------------------------------------------------------------

      As shown on the Company's consolidated balance sheet, as of September 30,
2006, the Company had total assets of $20,506.

Total revenue.

      We had no revenue for the nine month period ended September 30, 2006.
Although the Company currently owns five properties in Pennsylvania, no revenues
have been generated from these properties and there will be no revenue from any
of the properties until they are rented or sold.

Operating Expenses.

      Our operating expenses are composed primarily of salaries, professional
fees, administrative costs. For the nine month period ended September 30, 2006
operating expenses were $114,193 as compared to $85,029 for the same period in
2005. For the three month period ended September 30, 2006 operating expenses
were $32,001 as compared to $33,742 for the same period in 2005. The increase in
operating expenses in 2006 was primarily attributable to an increase in
professional fees.

Liquidity and Capital Resources

      Our capital requirements are dependent on several factors, including the
costs of tax lien certificates acquired, the timing of redemptions of tax lien
certificates and the timing of the sale of properties acquired by the Company
through foreclosure. We believe that we will not generate enough cash from
operations to be sufficient to fund our ongoing operations through the next
twelve months. As of September 30, 2006, we had on $20 in cash and $3,825 in
marketable securities on our balance sheet. We have secured financing to enable
us to meet our obligations in the form of a credit line agreement which will
provide up to $100,000 in debt financing from Triple J Associates, a company
owned by our sole officer and director, Richard Miller. As of September 30,
2006, we had utilized $6,227 from our credit line agreement in order to finance
the purchase of three additional properties in Pennsylvania in September and
December, 2005. Although our credit line agreement initially expired on December
31, 2005, it has been extended until December 31, 2006.

<PAGE>

      While we anticipate that the credit line arrangement will provide
sufficient financing for the Company's operations and property and tax lien
acquisition program, there can be no assurance that its term will be extended
requiring the Company will to seek additional or alternative financing. There
can be no assurance that we will be able to successfully raise such additional
funds, if needed, or that such funds will be available on acceptable terms.
Funds raised through future equity financing will likely be dilutive to our
current stockholders. The incurrence of indebtedness would result in an increase
in our fixed obligations and could result in borrowing covenants that would
restrict our operations. If financing is not available when required or is not
available on acceptable terms, we may be unable to develop or enhance our
products or services. In addition, we may be unable to take advantage of
business opportunities or respond to competitive pressures. Any of these events
could have a material and adverse effect on our business, results of operations
and financial condition Lack of additional funds will materially affect our
business and may cause us to cease operations. Consequently, stockholders could
incur a loss of their entire investment in the Company.

      Our financial statements were prepared on the assumption that we will
continue as a going concern. The report of our independent accountants for the
year ended December 31, 2005 acknowledges that we have incurred losses in each
of the last fiscal years and that we will require additional funding to sustain
our operations. These conditions cause substantial doubt as to our ability to
continue as a going concern. Our financial statements included herein do not
include any adjustments that might result should we be unable to continue as a
going concern. Critical Accounting Policies and Estimates

      The preparation of condensed financial statements in conformity with the
accounting principles generally accepted in the United States requires us to
make estimates and assumptions that affect reported amounts of assets and
liabilities and the disclosure of contingent assets and liabilities as the date
of the financial statements and the reported amounts of revenues and expenses
during the reporting period. These estimates and assumptions are based on
historical experience and various other factors that are believed to be
reasonable under the circumstances. Actual results could differ materially form
those estimates under different assumptions.

      We believe that the following accounting policies are the most critical to
our condensed financial statements since these policies require significant
judgment or involve complex estimates to the portrayal of our financial
condition and operating results:

      o     Revenue recognition

      o     Stock based compensation

      Our audited financial statements as of December 31, 2005 filed as part of
our Form SB-2 contain further discussions on our critical accounting policies
and estimates.

<PAGE>

      We have no off-balance sheet arrangements.

      The preceding statements under "Management's Discussion and Analysis of
Financial Condition and Results of Operations" which are not historical facts
are forward-looking statements. These forward-looking statements involve risks
and uncertainties that could render them materially different, including, but
not limited to, the risk that new products and product upgrades may not be
available on a timely basis, the risk that such products and upgrades may not
achieve market acceptance, the risk that competitors will develop similar
products and reach the market first, and the risk that we would not be able to
fund our working capital needs from cash flow.

Item 3: Controls and Procedures

      Under the supervision and with the participation of our management,
including our principal executive officer and principal financial officer, we
conducted an evaluation of our disclosure controls and procedures, as such term
is defined under Rule 13a-14(c) promulgated under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), within 90 days of the filing date of this
report. In designing and evaluating the Company's disclosure controls and
procedures, management recognized that any controls and procedures, no matter
how well designed and operated, can provide only reasonable assurance of
achieving their objectives and management necessarily applied its judgment in
evaluating the cost-benefit relationship of possible controls and procedures.
Based on this evaluation, the Company's chief executive officer and chief
financial officer concluded that as of September 30, 2006, the Company's
disclosure controls and procedures were (1) designed to ensure that material
information relating to the Company, including its consolidated subsidiaries, is
made known to the Company's chief executive officer and chief financial officer
by others within those entities, particularly during the period in which this
report was being prepared and (2) effective, in that they provide reasonable
assurance that information required to be disclosed by the Company in the
reports that it files or submits under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC's rules and
forms.

Limitations on the Effectiveness of Internal Controls

      Management does not expect that our disclosure controls and procedures or
our internal control over financial reporting will necessarily prevent all fraud
and material errors. An internal 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 on all internal control systems, no evaluation of controls
can provide absolute assurance that all control issues and instances of fraud,
if any, within the 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 simple error or mistake. The design of any
system of internal control is also 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
circumstances, and/or the degree of compliance with the policies and procedures
may deteriorate. Because of the inherent limitations in a cost effective
internal control system, financial reporting misstatements due to error or fraud
may occur and not be detected on a timely basis.

<PAGE>

      There have been no significant changes (including corrective actions with
regard to significant deficiencies or material weaknesses) in our internal
controls or in other factors that could significantly affect these controls
subsequent to the date of the evaluation referenced in the above paragraph.

<PAGE>

PART II

Item 1. Legal Proceedings

None

Item 6. Exhibits and Reports on Form 8-K

      (a) Exhibits.

            31    Certification of Chief Executive Officer and Chief Financial
                  Officer as required by Rule 13a-14(a) of the Securities
                  Exchange Act of 1934

            32    Certification of Chief Executive Officer and Chief Financial
                  Officer, as required by Rule 13a-14(b) of the Securities
                  Exchange Act of 1934

      (b) Reports on Form 8-K

            None

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

SK REALTY CORP.
(Registrant)

Signature             Title                                    Date
---------             -----                                    ----

/s/ Richard Miller    Chief Executive Officer, President,
                      Acting Principal Accounting Officer      November 17, 2006
                      and Director