UNITED
STATES SECURITIES AND EXCHANGE COMMISSION


Washington,
D.C.  20549





(Mark
One)


Form
10-Q





[X]  QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934







FOR
THE QUARTERLY PERIOD ENDED MARCH 31, 2009




OR




[   ]  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:  333-151840




CARIBBEAN VILLA CATERING
CORPORATION


(Exact
name of registrant as specified in its charter)




Nevada
                (State
      or other jurisdiction of Incorporation or Organization)
              45-0557179
                (I.R.S.
      Employer Identification No.)38
      Playa Laguna
                Sosua, Dominican Republic
                (Address
      of principal executive offices)
              Not applicable
                (Zip
      Code)(809) 571-3363
                (Registrant’s
      telephone number, including area code)Not applicable
                (Former
      name, former address and former fiscal year, if changed since last
      report)





Indicate
by check mark whether the registrant (1) has filed all reports 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 [   ] No [X]





Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding
12 months (or for such shorter period that the registrant was required to submit
and post such files).  Yes [   ]  No [  
] (Not required)





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer or a non-accelerated filer.  See definition of
“accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange
Act (check one).





Large
      accelerated filer
            [   ]
            
            Accelerated
      filer
            [   ]Non-accelerated
      filer
            [   ]
            
            Smaller
      reporting company
            [X](Do
      not check if smaller reporting company)





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).  Yes [X]   No [  
]




Indicated
the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date.  1,240,000 shares of common
stock are issued and outstanding as of May 12, 2009.











TABLE
OF CONTENTS





Page
      No.PART
      I. - FINANCIAL INFORMATIONItem 1.
              Financial Statements.
              1Item 2.
              Management's Discussion and Analysis of Financial Condition
      and Results of Operations.
              6Item 3.
              Quantitative and Qualitative Disclosures About Market
      Risk.
              12Item 4T.
              Controls and Procedures.
              12PART
      II - OTHER INFORMATIONItem 1.
              Legal Proceedings.
              12Item 1A.
              Risk Factors.
              12Item 2.
              Unregistered Sales of Equity Securities and Use of
      Proceeds.
              12Item 3.
              Defaults Upon Senior Securities.
              12Item 4.
              Submission of Matters to a Vote of Security
      Holders.
              13Item 5.
              Other Information.
              13Item 6.
              Exhibits.
              13SIGNATURES
              
              13





CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING INFORMATION





Certain
statements in this report contain or may contain forward-looking
statements.  These statements, identified by words such as “plan”,
“anticipate”, “believe”, “estimate”, “should,” “expect” and similar expressions
include our expectations and objectives regarding our future financial position,
operating results and business strategy.  These statements are subject
to known and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by such forward
- looking statements.  These forward-looking statements were based on
various factors and were derived utilizing numerous assumptions and other
factors that could cause our actual results to differ materially from those in
the forward-looking statements.  These factors include, but are not
limited to, economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk, U.S. and global
competition, and other factors.  Most of these factors are difficult
to predict accurately and are generally beyond our control. You should consider
the areas of risk described in connection with any forward-looking statements
that may be made herein. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of this
report. Readers should carefully review this quarterly report in its entirety,
including but not limited to our financial statements and the notes thereto and
the risks described in our Registration Statement on Form
S-1,  registration number 33-151840, dated and effective April17,
2009.  We advise you to carefully review the reports and documents we
file from time to time with the Securities and Exchange Commission (the “SEC”),
particularly our quarterly reports on Form 10-Q and our current reports on Form
8-K.  Except for our ongoing obligations to disclose material
information under the Federal securities laws, we undertake no obligation to
release publicly any revisions to any forward-looking statements, to report
events or to report the occurrence of unanticipated events.





OTHER
PERTINENT INFORMATION





Unless
otherwise specifically stated, all reference to “us,” “our,” “we,” or the
“Company” are to Caribbean Villa Catering Corporation, a Nevada corporation, and
our subsidiary Servicios De Banquettes Costa Norte SA (North Coast Catering
Services SA), a company formed under the laws of the Dominican
Republic.












PART
1 - FINANCIAL INFORMATION





Item 1.  Financial Statements.





CARIBBEAN
      VILLA CATERING CORPORATION(A
      Development Stage Company)Balance
      SheetsASSETSMarch
      31,
                            
                            
                            December
      31,2009
                            
                            
                            2008(Unaudited)Current AssetsCash
                            
                            $
                            20,299
                            
                            
                            $
                            35,491Total
      Current Assets
                            
                            
                            20,299
                            
                            
                            
                            35,491Fixed Assets, Net
                            
                            
                            3,781
                            
                            
                            
                            3,909TOTAL
      ASSETS
                            
                            
                            24,080
                            
                            
                            
                            39,400LIABILITIES AND STOCKHOLDERS'
      EQUITYCurrent LiabilitiesNote
      payable - related party
                            
                            
                            341
                            
                            
                            
                            -Total
      Current Liabilities
                            
                            
                            341
                            
                            
                            
                            -TOTAL
      LIABILITIES
                            
                            
                            341
                            
                            
                            
                            -Stockholders' EquityCommon
      Stock, 500,000,000 shares authorized$0.001
      par value, 1,240,000  shares issuedand
      oustanding
                            
                            
                            1,240
                            
                            
                            
                            1,240Additional
      paid-in capital
                            
                            
                            106,260
                            
                            
                            
                            106,260Accumulated
      Deficit
                            
                            
                            (83,761
                            )
                            
                            
                            (68,100
                            )Total
      Stockholders' Equity
                            
                            
                            23,739
                            
                            
                            
                            39,400TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY
                            
                            $
                            24,080
                            
                            
                            $
                            39,400







The
accompanying notes are an integral part of these statements.


1





CARIBBEAN
      VILLA CATERING CORPORATION(A
      Development Stage Company)Statements
      of Operations(Unaudited)From
      Inception onMarch
      9, 2007For
      the Three Months Ended
                
                
                ThroughMarch
      31,
                
                
                March
      31,2009
                
                
                2008
                
                
                2009Revenue
                
                $
                -
                
                
                $
                -
                
                
                $
                -Operating
      ExpensesGeneral
      and administrative
                
                
                96
                
                
                
                14,375
                
                
                
                5,516Legal
      and professional
                
                
                15,277
                
                
                
                
                
                
                
                44,767Depreciation
                
                
                288
                
                
                
                -
                
                
                
                1,978Consulting
      - related party
                
                
                -
                
                
                
                20,000
                
                
                
                31,500Total
      Operating Expenses
                
                
                15,661
                
                
                
                34,375
                
                
                
                83,761Provision
      for Income Taxes
                
                
                -
                
                
                
                -
                
                
                
                -Net
      Loss
                
                $
                (15,661
                )
                
                $
                (34,375
                )
                
                $
                (83,761
                )Basic
      and DilutedLoss
      per Share
                
                $
                (0.01
                )
                
                $
                (0.03
                )Weighted
      AverageNumber
      of Shares
                
                
                1,240,000
                
                
                
                1,240,000a =
      Less than ($0.01) per shareb =
      Zero shares had been issued at this time











The
accompanying notes are an integral part of these statements.


2





CARIBBEAN
      VILLA CATERING CORPORATION(A
      Development Stage Company)Statements
      of Stockholders' EquityDeficitAccumulatedAdditional
                
                
                During
      theCommon
      Stock
                
                
                Paid
      in
                
                
                Development
                
                
                TotalShares
                
                
                Amount
                
                
                Capital
                
                
                Stage
                
                
                EquityBalance
      at inception on March 9, 2007
                
                
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -Common
      Shares issued to founders for cashat
      $0.025 per share in October 2007
                
                
                900,000
                
                
                
                900
                
                
                
                21,600
                
                
                
                -
                
                
                
                22,500Common
      Shares issued for cash at $0.25per
      share in November / December 2007
                
                
                340,000
                
                
                
                340
                
                
                
                84,660
                
                
                
                -
                
                
                
                85,000Net
      loss for the year endedDecember
      31, 2007
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (3,958
                )
                
                
                (3,958
                )Balance,
      December 31, 2007
                
                
                1,240,000
                
                
                
                1,240
                
                
                
                106,260
                
                
                
                (3,958
                )
                
                
                103,542Net
      loss for the year endedDecember
      31, 2008
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (64,142
                )
                
                
                (64,142
                )Balance,
      December 31, 2008
                
                
                1,240,000
                
                
                
                1,240
                
                
                
                106,260
                
                
                
                (68,100
                )
                
                
                39,400Net
      loss for the three months endedMarch
      31, 2009 (unaudited)
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (15,661
                )
                
                
                (15,661
                )Balance,
      March 31, 2009 (unaudited)
                
                
                1,240,000
                
                
                $
                1,240
                
                
                $
                106,260
                
                
                $
                (83,761
                )
                
                $
                23,739














The
accompanying notes are an integral part of these statements.


3





CARIBBEAN
      VILLA CATERING CORPORATION(A
      Development Stage Company)Statements
      of Cash Flows(Unaudited)From
      Inception onMarch
      9, 2007For
      the Three Months Ended
                
                
                ThroughMarch
      31,
                
                
                March
      31,2009
                
                
                2008
                
                
                2009OPERATING
      ACTIVITIESNet
      loss
                
                $
                (15,661
                )
                
                $
                (34,375
                )
                
                $
                (83,761
                )Adjustments
      to reconcile net lossto
      net cash provided (used) inoperating
      activitiesDepreciation
                
                
                288
                
                
                
                -
                
                
                
                1,978Net
      Cash Provided (Used) inOperating
      Activities
                
                
                (15,373
                )
                
                
                (34,375
                )
                
                
                (81,783
                )INVESTING
      ACTIVITIESPurchase
      of equipment
                
                
                (160
                )
                
                
                -
                
                
                
                (5,759
                )Net
      Cash Used in Investing Activities
                
                
                (160
                )
                
                
                -
                
                
                
                (5,759
                )FINANCING
      ACTIVITIESCash
      inflow (outflow) from notepayable
      - related party
                
                
                341
                
                
                
                (6,255
                )
                
                
                341Proceeds
      from sale of common stock
                
                
                -
                
                
                
                -
                
                
                
                107,500Net
      Cash Provided (Used) inFinancing
      Activities
                
                
                341
                
                
                
                (6,255
                )
                
                
                107,841Net
      Increase (Decrease) in Cash
                
                
                (15,192
                )
                
                
                (40,630
                )
                
                
                20,299CASH,
      BEGINNING OF PERIOD
                
                
                35,491
                
                
                
                106,038
                
                
                
                -CASH,
      ENDING OF PERIOD
                
                $
                20,299
                
                
                
                65,408
                
                
                $
                20,299Supplemental
      Information:Interest
      Paid
                
                $
                -
                
                
                $
                -
                
                
                $
                -Income
      Taxes Paid
                
                $
                -
                
                
                $
                -
                
                
                $
                -







The
accompanying notes are an integral part of these statements.


4


Caribbean
Villa Catering Corporation


(A
Development Stage Company)


Notes to
the Financial Statements








NOTE 1 -
CONDENSED FINANCIAL STATEMENTS







































NOTE 3 -
RELATED PARTY TRANSACTIONS















5




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





Overview





We are a
development stage company formed March 2007.  Our
business  plan is to provide food and beverage catering services to
private residences (villas), corporate offices and function service
providers  in the locale of the north coast of the Dominican Republic,
a luxury tourist destination. We are a holding company for Servicios De
Banquettes Costa Norte SA (North Coast Catering Services SA), a company formed
under the laws of the Dominican Republic in September 2008 and all of our
business will be conducted in this wholly-owned subsidiary, which is also a
development stage company.





All of
our business will be conducted through our Dominican Republic
subsidiary   The bank accounts of our subsidiary will be
denominated in US Dollars and also Dominican Pesos. These bank accounts will
enable our Dominican Republic subsidiary to operate in the usual manner in terms
of paying local expenses and receiving monies due from our clients. Operating
expenses in the Dominican Republic will be paid in Dominican Pesos as is
standard practice for local suppliers but clients would be offered the option to
pay for our services in either US Dollars or Dominican Pesos calculated at the
exchange rate at any given time. Our Dominican Republic subsidiary intends to
manage its bank accounts considering income and expenditures in order to keep
reserves of the appropriate currency in order to make our financial obligations.
Our bank accounts in the Dominican Republic were approved and established in
March 2009.





During
the balance of 2007 through December 31, 2008 our activities were primarily
related to the development of our business plan, including our menus, raising
our initial capital, filing a registration statement with the United States
Securities and Exchange Commission for the registration of shares held by our
shareholders and administrative start up activities including the formation of
our Dominican Republic subsidiary, obtaining residency for our chef, Mr. Jones,
identifying qualified employees and preliminary marketing of our company. In
March 2009 we established our bank accounts in the Dominican Republic and intend
to begin actively marketing our company and commence catering in the second
quarter of 2009.  Our initial marketing will encompass mailings to
rental and management companies for villas, distributing flyers and
advertisements in local newspapers.  As set forth below, we have
budgeted $1,000 for these marketing costs.  In conjunction with the
launch of our marketing efforts, we intend to begin offering catering
services.  As we begin providing catering services, we will incur
expenses directly related to the services, such as food, beverage and other
costs of providing the services including rental charges for linens, serving
ware and similar items, as well as expenses related to servers and kitchen
staff.  We intend to hire servers and kitchen staff on an as needed,
hourly basis. However, since our business model anticipates that each catering
project will be priced based on the particular menu and services to be provided
and we will pass along all current food, supply and service costs at that
particular time to our customers in the form of charging prices to cover all
food, supply and service costs for our catering services for that particular
project, we anticipate that these and any additional direct expenses we may
incur in rendering the catering services would be substantially, if not
completely, offset by revenues from the particular catering  project
as such expenses will not be part of our fixed overhead costs.  As our
business grows and we hire an additional chef, we anticipate that the
compensation structure for this additional employee will be substantially
similar to that of our Executive Chef, Mr. Jones, and will be a percentage of
the gross profit on the catering jobs handled by his team.  Our
business model is centered around growing our company on a conservative basis
utilizing the working capital presently available to us.  We believe
that our current working capital is sufficient to fund these costs as we begin
generating cash flow from our operations.  Even if we do not begin
generating revenues as anticipated, or if our revenues should be lower than we
anticipate, we believe our current working capital is sufficient to fund our
operations until approximately November 2009.








6




Going
Concern





We have
not generated any revenues since our inception and have incurred net losses of
$15,661 for the three-months ended March 31, 2009, and $83,761 from inception
through March 31, 2009.   As a result of our net losses, working
capital deficiency and cash used in operations, our independent registered
public accounting firm, in their audit report, which covers the period through
December 31, 2008, have expressed substantial doubt about our ability to
continue as a going concern. While we raised approximately $85,000 from the sale
of our securities during November and December2007 and  our cash on
hand at March 31, 2009 was $20,299, our ability to continue as a going concern
is dependent upon our ability to generate sufficient revenues to fund our
operating expenses and, as necessary, obtain the necessary financing to meet our
obligations when they become due.  We plan to commence operations
during the second quarter of 2009 but to the extent revenues, if any are
insufficient to satisfy our capital requirements, we plan to continue to provide
for our capital requirements through the sale of equity securities, however, we
have no firm commitments from any third party to provide this financing and we
cannot assure you we will be successful in raising working capital as
needed.  There are no assurances that we will have sufficient funds to
execute our business plan, pay our obligations as they become due or generate
positive operating results.





Results
of Operations





Three
months ended March 31, 2009 as compared to the three months ended March 31,
2008





We are a
development stage company which began operations in March 2007.  From
inception through March 31, 2009 we did not report any revenues.  We intend
to commence catering, and commence generating revenues, in the second quarter of
2009.




For the
three months ended March 31, 2009, we reported total operating expenses of
$15,661, compared to $34,375 for the three-month period ended March 31, 2008.
Operating expenses for the three-month period ended March 31, 2009 included $96
of general and administrative expenses, $15,277 in legal and professional fees
and $288 of non-cash depreciation expense.  Included in general and
administrative expenses were translation fees and bank
charges.  Included in legal and professional expenses was $8,500 in
legal fees in connection with our registration statement on Form S-1, the
establishment of our Dominican Republic subsidiary, and residency application
for our chef, Mr. Jones,  $5,500 in audit fees in connection with our
registration statement on Form S-1 and our audit for the year ended December 31,
2008,$ 925 in accounting fees in connection with our registration statement on
Form S-1 and our audit for the year ended December 31, 2008, and $352 in
edgarizing fees in connection with our registration statement on Form
S-1.





For the
three months ended March 31, 2008 we reported total operating expenses of
$34,375, which included $14,375 of general and administrative expenses and a one
time $20,000 consulting fee paid to our president for services rendered in
relation to the preparation of the registration statement on Form S-1, and work
towards obtaining a market listing for our shares common stock.  Included
in general and administrative expenses during the period were $10,000 in legal
fees and $3,500 audit fees in connection with the preparation of the
registration statement, $375 resident agent fees in connection with our good
standing in the state of our incorporation, $500 in accountant fees to prepare
year-end 2007 tax return, $10 SEC filing fee and $1,000 for transfer agent fees
in connection with our engagement of a transfer agent.







7


Because
of the early stage of our company's operations, our overhead expenses are
minimal.  Our President provides our company kitchen/training facilities
and administrative offices at his home at no expense to us and our management
currently serves without compensation.  During 2009, as we continue to
implement our business plan, we anticipate that our operating expenses will
increase both for marketing costs as described earlier in this section as well
as expenses which are associated with professional fees and other expenses
related to the registration statement of which this prospectus is a part and our
obligations thereafter to comply with and file periodic reports as a public
reporting company. These fees and expenses are estimated to be approximately
$25,000 to $30,000.  However, given that a certain portion of anticipated
operating expenses for 2009 are proportionally related to costs associated with
servicing customers, we are unable at this time to quantify the amount of the
overall anticipated increase in total expenses in 2009.





Liquidity
and Capital Resources





Liquidity
is the ability of a company to generate funds to support its current and future
operations, satisfy its obligations and otherwise operate on an ongoing
basis.  Since inception, we have financed our cash flow requirements
through the issuance of common stock in November and December 2007 when we
received net proceeds of $85,000.





At March
31, 2009 we had cash on hand of $20,299 and working capital of $19,958.  At
December 31, 2008 we had cash on hand of $35,491and working capital of $35,491.
 At March 31, 2009, our liabilities were $341 which represented funds
advanced to us by our CEO to pay the minimum deposit required to open our
Dominican Republic bank accounts.  This amount, which does not bear any
interest, will be repaid in the second quarter of 2009.





Net cash
used in operating activities for the three months ended March 31, 2009 was
$15,373 which represented cash to fund our operating loss and an add-back of
non-cash depreciation of $288.  Net cash used in operating activities for
the three months ended March 31, 2008 was $34,375 which represented cash used to
fund our operating loss.




Net cash
used in investing activities for the three months ended March 31, 2009 was $160
which represented the purchase of computer anti-virus software.  Net cash
used in investing activities for the three months ended March 31, 2008 was
$0.




Net cash
provided by financing activities for the three months ended March 31, 2009 was
$341 and represented funds advanced to us by our CEO to pay the minimum deposit
required to open our Dominican Republic bank accounts.  Net cash used in
financing activities for the three months ended March 31, 2008 was $6,255 which
represented repayment of funds advanced to us by our CEO for working capital.
This amount, which did not bear any interest, was repaid February
2008.




We do not
have any capital commitments and believe that our current working capital is
sufficient to fund our operations until November 2009 based upon our internal
projections. The amount of our future capital requirements, however, depends
primarily on the rate at which we begin generating revenues and the gross profit
margins we are able to achieve. Cash used for operations will be affected by
numerous known and unknown risks and uncertainties including, but not limited
to, our ability to successfully market our services and the degree to which
competitive services adversely impact our anticipated gross profit margins.
 As long as our cash flow from operations remains insufficient to
completely fund operations, we will deplete our financial resources.  If
our business does not grow at the rate we internally project, we may be required
to seek additional capital through equity and/or debt financing.  If we
raise additional capital through the issuance of debt, this will result in
interest expense.  If we raise additional funds through the issuance of
equity or convertible debt securities, the percentage ownership of our company
held by existing stockholders will be reduced and those stockholders may
experience significant dilution.  In addition, new securities may contain
certain rights, preferences or privileges that are senior to those of our common
stock.  Should it be necessary to raise additional working capital, there
can be no assurance that acceptable financing can be obtained on suitable terms,
if at all.  If we were unable to obtain the financing necessary to support
our operations, we could be unable to continue as a going concern.  In that
event, we could be forced to cease operations and our stockholders could lose
their entire investment in our company.




8





Recent
Capital Raising Transaction




From
November 2007 to December 2007, we completed a private placement of 340,000
shares of common stock, at a purchase price of $.25 per share, to 32 investors.
 We received net proceeds of $85,000 in connection with this transaction.
 We intend to use the proceeds of this offering for professional fees and
other expenses related to the registration statement of which this prospectus is
a part, the cost associated with being a reporting company under the Securities
Exchange Act of 1934, and for working capital for the next 12
months.





New
Accounting Pronouncements





The
Company adopted the following recently issued accounting pronouncements during
the period:





In
May 2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 163,
“Accounting for Financial
Guarantee Insurance Contracts-and interpretation of FASB Statement No.
60”.SFAS
No. 163 clarifies how Statement 60 applies to financial guarantee insurance
contracts, including the recognition and measurement of  premium
revenue and claims liabilities. This statement also requires expanded
disclosures about financial guarantee insurance contracts. SFAS No. 163 is
effective for fiscal years beginning on or after December 15, 2008, and interim
periods within those years. SFAS No. 163 has no effect on the Company’s
financial position, statements of operations, or cash flows at this
time.





In May
2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 162,
“The Hierarchy of Generally
Accepted Accounting Principles”.SFAS No. 162 sets forth
the level of authority to a given accounting pronouncement or document by
category. Where there might be conflicting guidance between two categories, the
more authoritative category will prevail. SFAS No. 162 will become effective 60
days after the SEC approves the PCAOB’s amendments to AU Section 411 of the
AICPA Professional Standards. SFAS No. 162 has no effect on the Company’s
financial position, statements of operations, or cash flows at this
time.





In March
2008, the Financial Accounting Standards Board, or FASB, issued SFAS No. 161,
Disclosures about Derivative
Instruments and Hedging Activities—an amendment of FASB Statement No.
133.This standard requires companies to provide enhanced
disclosures about (a) how and why an entity uses derivative instruments, (b) how
derivative instruments and related hedged items are accounted for under
Statement 133 and its related interpretations, and (c) how derivative
instruments and related hedged items affect an entity’s financial position,
financial performance, and cash flows. This Statement is effective for financial
statements issued for fiscal years and interim periods beginning after November
15, 2008, with early application encouraged. The Company has not yet adopted the
provisions of SFAS No. 161, but does not expect it to have a material impact on
its financial position, results of operations or cash flows.





In
December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding
the use of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in
developing an estimate of expected term of "plain vanilla" share options in
accordance with SFAS No. 123 (R), Share-Based
Payment.  In particular, the staff indicated in SAB 107 that it
will accept a company's election to use the simplified method, regardless of
whether the company has sufficient information to make more refined estimates of
expected term. At the time SAB 107 was issued, the staff believed that more
detailed external information about employee exercise behavior (e.g., employee
exercise patterns by industry and/or other categories of companies) would, over
time, become readily available to companies. Therefore, the staff stated in SAB
107 that it would not expect a company to use the simplified method for share
option grants after December 31, 2007. The staff understands that such detailed
information about employee exercise behavior may not be widely available by
December 31, 2007. Accordingly, the staff will continue to accept, under certain
circumstances, the use of the simplified method beyond December 31, 2007. The
Company currently uses the simplified method for “plain vanilla” share options
and warrants, and will assess the impact of SAB 110 for fiscal year 2009. It is
not believed that this will have an impact on the Company’s financial position,
results of operations or cash flows.






9





In
December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements—an amendment of ARB No.
51.  This statement amends ARB 51 to establish accounting and
reporting standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It clarifies that a noncontrolling interest in
a subsidiary is an ownership interest in the consolidated entity that should be
reported as equity in the consolidated financial statements. Before this
statement was issued, limited guidance existed for reporting noncontrolling
interests. As a result, considerable diversity in practice existed. So-called
minority interests were reported in the consolidated statement of financial
position as liabilities or in the mezzanine section between liabilities and
equity. This statement improves comparability by eliminating that diversity.
This statement is effective for fiscal years, and interim periods within those
fiscal years, beginning on or after December 15, 2008 (that is, January 1, 2009,
for entities with calendar year-ends). Earlier adoption is prohibited. The
effective date of this statement is the same as that of the related Statement
141 (revised 2007). The Company will adopt this Statement beginning March 1,
2009. It is not believed that this will have an impact on the Company’s
financial position, results of operations or cash flows.





In
December 2007, the FASB, issued FAS No. 141 (revised 2007), Business Combinations.’This
Statement replaces FASB Statement No. 141, Business Combinations, but
retains the fundamental requirements in Statement 141.  This
Statement establishes principles and requirements for how the acquirer: (a)
recognizes and measures in its financial statements the identifiable assets
acquired, the liabilities assumed, and any noncontrolling interest in the
acquiree; (b) recognizes and measures the goodwill acquired in the business
combination or a gain from a bargain purchase; and (c) determines what
information to disclose to enable users of the financial statements to evaluate
the nature and financial effects of the business combination. This statement
applies prospectively to business combinations for which the acquisition date is
on or after the beginning of the first annual reporting period beginning on or
after December 15, 2008. An entity may not apply it before that date. The
effective date of this statement is the same as that of the related FASB
Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements.  The Company will adopt this
statement beginning March 1, 2009. It is not believed that this will have an
impact on the Company’s financial position, results of operations or cash
flows.





In
February 2007, the FASB, issued SFAS No. 159,The Fair Value Option for Financial
Assets and Liabilities—Including an Amendment of FASB Statement No.
115.  This standard permits an entity to choose to measure many
financial instruments and certain other items at fair value. This option is
available to all entities. Most of the provisions in FAS 159 are elective;
however, an amendment to FAS 115 Accounting for Certain Investments
in Debt and Equity Securities applies to all entities with available for
sale or trading securities. Some requirements apply differently to entities that
do not report net income. SFAS No. 159 is effective as of the beginning of an
entities first fiscal year that begins after November 15, 2007. Early adoption
is permitted as of the beginning of the previous fiscal year provided that the
entity makes that choice in the first 120 days of that fiscal year and also
elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  This pronouncement has not had a material impact
on the Company’s financial position, results of operations, or cash
flows.





Critical Accounting
Policies




Accounting
Basis





The
Company’s financial statements are prepared on the accrual basis of accounting
in conformity with accounting principles generally accepted in the United States
of America.





Cash and Cash
Equivalents





For the
purpose of the statement of cash flows, cash equivalents include all highly
liquid investments with maturity of three months or less.






10





Depreciation




The
Company depreciates its assets on a straight-line basis over their estimated
useful lives. As of December 31, 2008, all of the Company’s equipment is being
depreciated over a five-year period.




Dividends





The
Company has not adopted any policy regarding payment of dividends. No dividends
have been paid during the period shown.





Income
Taxes





The
Company provides for income taxes under Statement of Financial Accounting
Standards NO. 109, “Accounting for Income Taxes.” SFAS No. 109 requires the use
of an asset and liability approach in accounting for income taxes.





SFAS No.
109 requires the reduction of deferred tax assets by a valuation allowance if,
based on the weight of available evidence, it is more likely than not that some
or all of the deferred tax assets will not be realized.  No provision
for income taxes is included in the statement due to its immaterial amount, net
of the allowance account, based on the likelihood of the Company to utilize the
loss carry-forward





The
computation of basic loss per share of common stock is based on the weighted
average number of shares outstanding during the period.





For
      the Years EndedDecember 31,2008
                
                
                2007Loss
      (numerator)
                
                $
                (64,142
                )
                
                $
                (3,958
                )Shares
      (denominator)
                
                
                1,240,000
                
                
                
                -Per
      share amount
                
                $
                (0.05
                )
                
                $
                (0.00
                )








Revenue and Cost
Recognition





The
Company has no current source of revenue; therefore the Company has not yet
adopted any policy regarding the recognition of revenue or cost.  Such
policies will be defined and implemented at such time that planned principal
operations commence.





Use of
Estimates





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





Foreign Currency
Translation





The
financial statements of the Company's foreign subsidiary have been translated
into U.S. dollars in accordance with SFAS No. 52, Foreign Currency Translation
(SFAS 52). All balance sheet accounts have been translated using the exchange
rate in effect at the balance sheet date. Income statement amounts have been
translated using an appropriately weighted average exchange rate for the year.
The translation gains and losses resulting from the changes in exchange rates
during 2008 have been reported in accumulated other comprehensive income, except
for gains and losses resulting from the translation of intercompany receivables
and payables, which are included in earnings for the period.






11





Off Balance Sheet
Transactions





None.





Item 3.  Quantitative and Qualitative Disclosures About
Market Risk.





Not
applicable for a smaller reporting company.





Item 4T. Controls and Procedures.





Evaluation of Disclosure Controls
and Procedures.  We maintain "disclosure controls and
procedures" as such term is defined in Rule 13a-15(e) and 15d-15(e) under the
Securities Exchange Act of 1934.  In designing and evaluating our
disclosure controls and procedures, our management recognized that disclosure
controls and procedures, no matter how well conceived and operated, can provide
only reasonable, not absolute, assurance that the objectives of disclosure
controls and procedures are met.  Additionally, in designing
disclosure controls and procedures, our management necessarily was required to
apply its judgment in evaluating the cost-benefit relationship of possible
disclosure controls and procedures.  The design of any disclosure
controls and procedures also is based in part upon certain assumptions about the
likelihood of future events.  Based on our management’s evaluation as
of the end of the period covered by this report, our President who also serves
as our principal executive officer, and our Chief Financial Officer who also
serves as our principal financial officer, concluded that our disclosure
controls and procedures are designed to provide reasonable assurance of
achieving their objectives and were effective at the reasonable assurance level
for which they were designed such that the information relating to our company,
including our consolidating subsidiary, required to be disclosed by us in
reports that it files or submits under the Securities Exchange Act of 1934 (i)
is recorded, processed, summarized and reported within the time periods
specified in Securities and Exchange Commission rules and forms, and (ii) is
accumulated and communicated to our management, including our principal
executive officer and principal financial officer, as appropriate, to allow
timely decisions regarding required disclosure.





Changes in Internal Control over
Financial Reporting.There have been no changes in our
internal control over financial reporting during our last fiscal quarter that
has materially affected, or is reasonably likely to materially affect, our
internal control over financial reporting.








PART II - OTHER INFORMATION





Item 1.  Legal Proceedings.





None.





Item 1A.  Risk Factors.





Not
applicable for a smaller reporting company.





Item 2.  Unregistered Sales of Equity Securities and Use
of Proceeds.





None.





Item 3.  Defaults Upon Senior Securities.





None.




12





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





None.





Item 5.  Other Information.





None.





Item 6.  Exhibits





No.
            Description31.1
            Rule
      13a-14(a)/ 15d-14(a) Certification of principal executive
      officer31.2
            Rule
      13a-14(a)/ 15d-14(a) Certification of principal financial and accounting
      officer32.1
            Section
      1350 Certification of principal executive officer and principal financial
      and accounting officer





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.


Caribbean
Villa Catering Corporation





By:
      /s/ Robert SeeleyRobert
      Seeley, President, principal executive officerDate:
      May 12, 2009





By:
      /s/ Virgilio Santana
      RipollVirgilio
      Santana Ripoll, Chief Financial Officer,
                principal
      financial and accounting officerDate:
      May 12, 2009




















13