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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-Q/A

Quarterly Report
  under Section 13 or 15(d) of
  The Securities Exchange Act of 1934

For the quarterly period ended **September 30, 2008**

Commission File Number: **333-149184**

ALDAR GROUP, INC.(Exact
name of registrant as specified in its charter)

|Nevada                   | 20-1379559              
|------------------------ | ------------------------
|(State of Incorporation) | (IRS Employer ID Number)

7230 Indian Creek Lane, Suite 201, Las Vegas, NV 89149Telephone: 253-549-4336
  (Address and telephone number of principal executive offices)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15 (d) of the Securities Exchange
Act during the past 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 large accelerated filer, an accelerated
  filer, a non-accelerated filer, or a smaller reporting company. See the definitions
  of large accelerated filer, accelerated filer, non-accelerated
  filer, and smaller reporting company in Rule 12b-2 of the
  Exchange Act.

|Large Accelerated Filer [ ]                                                   | Accelerated Filer [ ]        
|----------------------------------------------------------------------------- | -----------------------------
|Non-accelerated Filer [ ] (Do not check if
      a smaller reporting company) | Smaller Reporting Company [X]

Indicate by check whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).

Yes [ X ]   No ___

As of February
  19, 2008, the registrant had 4,533,000 shares of common stock, $0.001 par value,
  issued and outstanding.

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PART I FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The accompanying condensed unaudited financial statements of
Aldar Group, Inc., a Nevada corporation are condensed and, therefore, do not
include all disclosures normally required by accounting principles generally
accepted in the United States of America. These statements should be read in
conjunction with the Company's most recent annual financial statements for the
year ended June 30, 2008 included in our Annual Report on Form 10K filed with
the U.S. Securities and Exchange Commission (SEC) on October 14, 2008. In the
opinion of management, all adjustments necessary for a fair presentation have
been included in the accompanying condensed financial statements and consist of
only normal recurring adjustments. The results of operations presented in the
accompanying condensed financial statements for the period ended September 30,
2008 are not necessarily indicative of the operating results that may be
expected for the full year ending June 30, 2009.

2

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ALDAR GROUP, INC. (A Development Stage Company)

BALANCE SHEETS

|                                                                                                                         |   | September 30, |   |   | June 30, |  
|------------------------------------------------------------------------------------------------------------------------ | - | ------------- | - | - | -------- | -
|                                                                                                                         |   | 2008          |   |   | 2008     |  
|                                                                                                                         |   | (unaudited)   |   |   |          |  
|ASSETS                                                                                                                   |  
|Current Assets:                                                                                                          |   |               |   |   |          |  
|Cash                                                                                                                     | $ | 175           |   | $ | 470      |  
|Accounts receivable                                                                                                      |   | 572           |   |   | 6,459    |  
|Prepaid expenses                                                                                                         |   | 430           |   |   | 645      |  
|Total current assets                                                                                                     |   | 1,177         |   |   | 7,574    |  
|Property and Equipment (Note 2):                                                                                         |   |               |   |   |          |  
|Horses                                                                                                                   |   | 12,500        |   |   | 34,512   |  
|Office furniture                                                                                                         |   | 2,200         |   |   | 2,200    |  
|Total property and equipment                                                                                             |   | 14,700        |   |   | 36,712   |  
|Less: Accumulated depreciation                                                                                           |   | (5,253        | ) |   | (15,863  | )
|Net property and equipment                                                                                               |   | 9,447         |   |   | 20,849   |  
|Other Assets:                                                                                                            |   |               |   |   |          |  
|Stallion syndicates, net of accumulated amortization
      (Note 2)                                                      |   | 5,750         |   |   | 6,071    |  
|Total Assets                                                                                                             | $ | 16,374        |   | $ | 34,494   |  
|                                                                                                                         |   |               |   |   |          |  
|LIABILITIES AND
      STOCKHOLDERS DEFICIT                                                                              |  
|Current Liabilities:                                                                                                     |   |               |   |   |          |  
|Accounts payable - trade                                                                                                 | $ | 25,483        |   | $ | 45,475   |  
|Accounts payable - related party (Note 3)                                                                                |   | 79,295        |   |   | 49,193   |  
|Short-term note payable - related
      party (Note 3)                                                                   |   | 6,500         |   |   | 6,500    |  
|Accrued interest, short-term note payable - related
      party (Note 3)                                                 |   | 540           |   |   | 215      |  
|Total current liabilities                                                                                                |   | 111,818       |   |   | 101,383  |  
|Long-term Liabilities:                                                                                                   |   |               |   |   |          |  
|Long-term notes payable - related
      parties (Note 3)                                                                 |   | 20,000        |   |   | 20,000   |  
|Accrued interest, long-term notes payable - related
      parties (Note 3)                                               |   | 817           |   |   | -        |  
|Total long-term liabilities                                                                                              |   | 20,817        |   |   | 20,000   |  
|Total Liabilities                                                                                                        |   | 132,635       |   |   | 121,383  |  
|                                                                                                                         |   |               |   |   |          |  
|Stockholders Deficit (Note 4):                                                                                          |   |               |   |   |          |  
|Common stock, $.001 share
      par value, 75,000,000 shares   authorized, 4,533,000 shares
      issued and outstanding |   | 4,533         |   |   | 4,533    |  
|
|Additional paid-in capital                                                                                               |   | 238,977       |   |   | 238,977  |  
|Deficit accumulated during the development stage                                                                         |   | (359,771      | ) |   | (330,399 | )
|Total stockholders deficit                                                                                              |   | (116,261      | ) |   | (86,889  | )
|Total Liabilities and Stockholders Deficit                                                                              | $ | 16,374        |   | $ | 34,494   |  

See notes to unaudited financial statements

3

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ALDAR GROUP, INC. (A Development Stage Company)

STATEMENTS OF OPERATIONS(unaudited)

|                                                  |   |                    |   |   |                |   |   | July 15, 2004 |  
|------------------------------------------------- | - | ------------------ | - | - | -------------- | - | - | ------------- | -
|                                                  |   | Three Months Ended |   |   | (Inception) to |  
|                                                  |   | September 30,      |   |   | September 30,  |  
|                                                  |   | 2008               |   |   | 2007           |   |   | 2008          |  
|                                                  |   |                    |   |   |                |   |   |               |  
|Income                                            |   |                    |   |   |                |   |   |               |  
|Race winnings                                     | $ | 1,518              |   | $ | 7,999          |   | $ | 12,507        |  
|Breeding sales                                    |   | -                  |   |   | -              |   |   | 6,200         |  
|Total Income                                      |   | 1,518              |   |   | 7,999          |   |   | 18,707        |  
|                                                  |   |                    |   |   |                |   |   |               |  
|Operating Expenses                                |   |                    |   |   |                |   |   |               |  
|Boarding fees                                     |   | 9,810              |   |   | 9,127          |   |   | 75,942        |  
|Training fees                                     |   | 1,820              |   |   | 4,672          |   |   | 19,750        |  
|Depreciation and amortization                     |   | 1,196              |   |   | 2,139          |   |   | 21,133        |  
|Breeding fees                                     |   | -                  |   |   | -              |   |   | 4,500         |  
|Consulting expense - related party
      (Note 3) |   | 2,103              |   |   | 7,983          |   |   | 108,750       |  
|Consulting expense - other                        |   | -                  |   |   | -              |   |   | 27,397        |  
|Other general and administrative
      expenses   |   | 10,633             |   |   | 8,540          |   |   | 120,476       |  
|Total Operating Expenses                          |   | 25,562             |   |   | 32,461         |   |   | 377,948       |  
|                                                  |   |                    |   |   |                |   |   |               |  
|Net Loss from Operations                          |   | (24,044            | ) |   | (24,462        | ) |   | (359,241      | )
|                                                  |   |                    |   |   |                |   |   |               |  
|Other Income (Expenses)                           |   |                    |   |   |                |   |   |               |  
|Interest expense - related party                  |   | (1,142             | ) |   | -              |   |   | (1,357        | )
|Interest expense - other                          |   | (325               | ) |   | -              |   |   | (325          | )
|Loss on sale of horses (Note 2)                   |   | (3,861             | ) |   | -              |   |   | (4,216        | )
|Insurance proceeds                                |   | -                  |   |   | -              |   |   | 5,000         |  
|Other income                                      |   | -                  |   |   | -              |   |   | 368           |  
|Total Other Income (Expenses)                     |   | (5,328             | ) |   | -              |   |   | (530          | )
|                                                  |   |                    |   |   |                |   |   |               |  
|Net Loss Before Provision for                     |   |                    |   |   |                |   |   |               |  
|Income Taxes                                      |   | (29,372            | ) |   | (24,462        | ) |   | (359,771      | )
|                                                  |   |                    |   |   |                |   |   |               |  
|Provision for Income Taxes                        |   | -                  |   |   | -              |   |   | -             |  
|                                                  |   |                    |   |   |                |   |   |               |  
|Net Loss Available to Common
      Stockholders   | $ | (29,372            | ) | $ | (24,462        | ) | $ | (359,771      | )
|                                                  |   |                    |   |   |                |   |   |               |  
|Net Loss Per Basic and Diluted Share              | $ | (0.01              | ) | $ | (0.01          | ) |   |               |  
|                                                  |   |                    |   |   |                |   |   |               |  
|Weighted Average Number of Common                 |   |                    |   |   |                |   |   |               |  
|Shares Outstanding                                |   | 4,533,000          |   |   | 4,438,056      |   |   |               |  

See notes to unaudited financial statements

4

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ALDARGROUP, INC.
  (A Development Stage Company) STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT) (unaudited)Period of July 15, 2004 (Inception) to September 30, 2008

|                                        |  | Common Stock    |  |   | Additional |  |   | Deficit Accum |   |   | Total       |  
|--------------------------------------- |  | --------------- |  | - | ---------- |  | - | ------------- | - | - | ----------- | -
|                                        |  | Number          |  |   |            |  |   | Paid-In       |   |   | During Dev. |  
|                                        |  | of
      Shares |  |   | Amount     |  |   | Capital       |   |   | Stage       |  
|Balance, July 15, 2004 (Inception)      |  | -               |  | $ | -          |  | $ | -             |   | $ | -           |  
|Common Stock:                           |  |                 |  |   |            |  |   |               |   |   |             |  
|Shares issued for cash                  |  | 1,000,000       |  |   | 1,000      |  |   | -             |   |   | -           |  
|Shares issued for services              |  | 10,000          |  |   | 10         |  |   | -             |   |   | -           |  
|Net Loss                                |  | -               |  |   | -          |  |   | -             |   |   | (26,944     | )
|Balance, June 30, 2005                  |  | 1,010,000       |  |   | 1,010      |  |   | -             |   |   | (26,944     | )
|                                        |  |                 |  |   |            |  |   |               |   |   |             |  
|Common Stock:                           |  |                 |  |   |            |  |   |               |   |   |             |  
|Shares issued for cash                  |  | 1,050,000       |  |   | 1,050      |  |   | 103,950       |   |   | -           |  
|Stock dividend                          |  | 1,260,000       |  |   | 1,260      |  |   | (1,260        | ) |   | -           |  
|Net Loss                                |  | -               |  |   | -          |  |   | -             |   |   | (68,843     | )
|Balance, June 30, 2006                  |  | 3,320,000       |  |   | 3,320      |  |   | 102,690       |   |   | (95,787     | )
|                                        |  |                 |  |   |            |  |   |               |   |   |             |  
|Common Stock:                           |  |                 |  |   |            |  |   |               |   |   |             |  
|Shares issued for cash                  |  | 1,105,000       |  |   | 1,105      |  |   | 109,395       |   |   | -           |  
|Net Loss                                |  | -               |  |   | -          |  |   | -             |   |   | (132,458    | )
|Balance, June 30, 2007                  |  | 4,425,000       |  |   | 4,425      |  |   | 212,085       |   |   | (228,245    | )
|                                        |  |                 |  |   |            |  |   |               |   |   |             |  
|Common Stock:                           |  |                 |  |   |            |  |   |               |   |   |             |  
|Shares issued for cash                  |  | 108,000         |  |   | 108        |  |   | 26,892        |   |   | -           |  
|Net Loss                                |  | -               |  |   | -          |  |   | -             |   |   | (102,154    | )
|Balance, June 30, 2008                  |  | 4,533,000       |  |   | 4,533      |  |   | 238,977       |   |   | (330,399    | )
|                                        |  |                 |  |   |            |  |   |               |   |   |             |  
|Net Loss                                |  | -               |  |   | -          |  |   | -             |   |   | (29,372     | )
|Balance, September 30, 2008 (unaudited) |  | 4,533,000       |  | $ | 4,533      |  | $ | 238,977       |   | $ | (359,771    | )

See notes tounauditedfinancialstatements

5

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ALDAR GROUP, INC.(A Development Stage Company) STATEMENTS OF CASH FLOWS(unaudited)

|                                                        |   |                    |   |   |                |   |   | July 15, 2004 |  
|------------------------------------------------------- | - | ------------------ | - | - | -------------- | - | - | ------------- | -
|                                                        |   | Three Months Ended |   |   | (Inception) to |  
|                                                        |   | September 30,      |   |   | September 30,  |  
|                                                        |   | 2008               |   |   | 2007           |   |   | 2008          |  
|Cash Flows from Operating Activities:                   |   |                    |   |   |                |   |   |               |  
|Net loss                                                | $ | (29,372            | ) | $ | (24,462        | ) | $ | (359,771      | )
|Adjustments to reconcile net loss to net cash           |   |                    |   |   |                |   |   |               |  
|used in operating activities:                           |   |                    |   |   |                |   |   |               |  
|Depreciation and amortization                           |   | 1,196              |   |   | 2,139          |   |   | 21,133        |  
|Loss on disposal of horses                              |   | 3,861              |   |   | -              |   |   | 4,216         |  
|Common stock issued for services                        |   | -                  |   |   | -              |   |   | 10            |  
|Changes in operating assets and
      liabilities:      |   |                    |   |   |                |   |   |               |  
|(Increase) decrease in:                                 |   |                    |   |   |                |   |   |               |  
|Accounts receivable                                     |   | 5,887              |   |   | (2,720         | ) |   | (572          | )
|Prepaid expenses                                        |   | 215                |   |   | 574            |   |   | (430          | )
|Increase (decrease) in:                                 |   |                    |   |   |                |   |   |               |  
|Accounts payable                                        |   | (13,326            | ) |   | 1,508          |   |   | 32,149        |  
|Accounts payable - related
      party                  |   | 30,102             |   |   | 4,386          |   |   | 77,795        |  
|Accrued interest, notes payable - related
      parties |   | 1,142              |   |   | -              |   |   | 1,357         |  
|Net Cash Used in Operating
      Activities             |   | (295               | ) |   | (18,575        | ) |   | (224,113      | )
|                                                        |   |                    |   |   |                |   |   |               |  
|Cash Flows from Investing
      Activities:             |   |                    |   |   |                |   |   |               |  
|Purchase of horses and stallion syndicates              |   | -                  |   |   | -              |   |   | (49,012       | )
|Proceeds from sale of horses                            |   | -                  |   |   | -              |   |   | 4,000         |  
|Purchase of office furniture                            |   | -                  |   |   | -              |   |   | (2,200        | )
|Net Used in Investing Activities                        |   | -                  |   |   | -              |   |   | (47,212       | )
|                                                        |   |                    |   |   |                |   |   |               |  
|Cash Flows from Financing
      Activities:             |   |                    |   |   |                |   |   |               |  
|Proceeds from sale of common stock                      |   | -                  |   |   | 25,000         |   |   | 243,500       |  
|Proceeds from related party notes payable               |   | -                  |   |   | -              |   |   | 40,500        |  
|Payments on related party notes payable                 |   | -                  |   |   | -              |   |   | (12,500       | )
|Net Cash Provided by Financing
      Activities         |   | -                  |   |   | 25,000         |   |   | 271,500       |  
|                                                        |   |                    |   |   |                |   |   |               |  
|Net (Decrease) Increase in Cash                         |   | (295               | ) |   | 6,425          |   |   | 175           |  
|Cash, Beginning of the Period                           |   | 470                |   |   | 710            |   |   | -             |  
|Cash, End of the Period                                 | $ | 175                |   | $ | 7,135          |   | $ | 175           |  
|                                                        |   |                    |   |   |                |   |   |               |  
|Supplemental Cash Flow Information:                     |   |                    |   |   |                |   |   |               |  
|Cash paid for interest                                  | $ | -                  |   | $ | -              |   | $ | -             |  
|Cash paid for income taxes                              | $ | -                  |   | $ | -              |   | $ | -             |  
|Non-Cash Investing and Financing Activities:            |   |                    |   |   |                |   |   |               |  
|1,260,000 common shares issued as stock
      dividend  | $ | -                  |   | $ | -              |   | $ | 1,260         |  

See notes to unaudited financial statements

6

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|ALDAR GROUP, INC.                                                      
|-----------------------------------------------------------------------
|(A Development Stage Company)                                          
|NOTES TO UNAUDITED FINANCIAL STATEMENTS                                
|For the three months ended September
      30, 2008 and 2007           
|and the Period of July 15, 2004 (Inception)
      to September 30, 2008
|                                                                       
|NOTE 1: Summary
      of Significant Accounting Policies               

Nature of Operations: Aldar Group, Inc. (the
Company) is a Nevada corporation organized on July 15, 2004 for the purpose of
purchasing and selling thoroughbred horses. The Company operates in Washington
State, and may also conduct operations in other areas of the horse and
thoroughbred industry, such as purchasing, training, breeding, racing and
selling of mares, weanlings, yearlings, adult race horses, and stallion shares
and syndications.

Development
  Stage Company: 
  The Company has realized minimal revenues from its planned business purpose
  and, accordingly, is considered to be in its development stage as defined in
  SFAS No. 7, Accounting and Reporting by Development Stage Enterprises.

Property and Equipment:Property and equipment
consists of office equipment, horses, and partial interest in a race horse, all
of which are stated at cost. Depreciation is calculated over the estimated
useful lives ranging from 3 to 7 years using the straight-line method (Note
2).

Stallion Syndicates: The Company owns syndicate
shares in stallions, which represent rights to breed the Companys mares with
specific stallions. The syndicates are considered intangible assets and are
amortized over their determinable finite life of 7 years in accordance with SFAS
No. 142, Goodwill and Other Intangible Assets (Note 2).

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.

Income Taxes:The Company is taxed as a C corporation under the Internal Revenue
  Code. Accordingly, a provision has been made for the tax effects of transactions
  reported in the financial statements  (Note 5).

Cash Equivalents: The Company considers all
short-term investments with an original maturity of three months or less to be
cash equivalents.

Reclassifications Certain immaterial amounts from
prior years have been reclassified to conform to current year financial
statement presentation.

7

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|ALDAR GROUP, INC.                                                      
|-----------------------------------------------------------------------
|(A Development Stage Company)                                          
|NOTES TO UNAUDITED FINANCIAL STATEMENTS
      (continued)              
|For the three months ended September
      30, 2008 and 2007           
|and the Period of July 15, 2004 (Inception)
      to September 30, 2008
|                                                                       
|NOTE 1: Summary
      of Significant Accounting Policies (continued)   

Recently Issued Accounting Pronouncements In May
2008, the FASB issued SFAS No. 163, Accounting for Financial Guarantee
Insurance Contracts  an interpretation of FASB Statement No. 60.This
Statement requires that an insurance enterprise recognize a claim liability
prior to an event of default (insured event) when there is evidence that credit
deterioration has occurred in an insured financial obligation. This Statement
also clarifies how Statement No. 60, Accounting and Reporting by Insurance
Enterprises, applies to financial guarantee insurance contracts, including
the recognition and measurement to be used to account for premium revenue and
claim liabilities. This Statement is effective for financial statements issued
for fiscal years beginning after December 15, 2008, and all interim periods
within those fiscal years.

In May 2008, the FASB issued SFAS No. 162, The Hierarchy of
Generally Accepted Accounting Principles. This Statement identifies the
sources of accounting principles and the framework for selecting the principles
to be used in the preparation of financial statements of nongovernmental
entities that are presented in conformity with generally accepted accounting
principles (GAAP) in the United States (the GAAP hierarchy). This Statement is
effective 60 days following the SECs approval of the Public Company Accounting
Oversight Board amendments to AU Section 411, The Meaning of Present Fairly
in Conformity With Generally Accepted Accounting Principles.

In March 2008, the FASB issued SFAS No. 161, Disclosures
about Derivative Instruments and Hedging Activities.This new standard is
intended to improve financial reporting about derivative instruments and hedging
activities by requiring enhanced disclosures to enable investors to better
understand their effects on 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.

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. The statement
requires consolidated net income to be reported at amounts that include the
amounts attributable to both the parent and the noncontrolling interest. It also
requires disclosure, on the face of the consolidated statement of income, of the
amounts of consolidated net income attributable to the parent and to the
noncontrolling interest. This statement is effective for fiscal years beginning
on or after December 15, 2008.

8

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|ALDAR GROUP, INC.                                                      
|-----------------------------------------------------------------------
|(A Development Stage Company)                                          
|NOTES TO UNAUDITED FINANCIAL STATEMENTS
      (continued)              
|For the three months ended September
      30, 2008 and 2007,          
|and the Period of July 15, 2004 (Inception)
      to September 30, 2008
|                                                                       
|NOTE 1: Summary
      of Significant Accounting Policies (continued)   

Recently Issued Accounting Pronouncements In
February 2007, the FASB issued SFAS No. 159, The Fair Value Option for
Financial Assets and Financial Liabilities  Including an amendment of FASB
Statement No. 115. The fair value option established by this Statement
permits all entities to choose to measure eligible items at fair value at
specified election dates. A business entity shall report unrealized gains and
losses on items for which the fair value option has been elected in earnings (or
another performance indicator) at each subsequent reporting date. This Statement
is effective as of the beginning of an entitys first fiscal year that begins
after November 15, 2007.

In December 2007, the FASB issued SFAS No. 141(R) Business
Combinations, which replaces FASB Statement No. 141, Business
Combinations. This Statement defines the acquirer as the entity that
obtains control of one or more businesses in the business combination and
establishes the acquisition date as the date that the acquirer achieves control.
This Statement requires an acquirer to recognize the assets acquired, the
liabilities assumed, and any noncontrolling interest in the acquiree at the
acquisition date, measured at their fair values as of that date. This Statement
requires acquisition and restructuring costs to be recognized separately from
the acquisition. 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.

In September 2006, the FASB issued SFAS No. 157,Fair Value
Measurements.This Statement defines fair value, establishes a framework
for measuring fair value in generally accepted accounting principles (GAAP), and
expands disclosures about fair value measurements. This statement is effective
for financial statements issued for fiscal years beginning after November 15,
2007.

None of the above recently-issued pronouncements has current
application to the Company, but will be implemented in the future as necessary.

Net Earnings (Loss) Per Share: The Company has
adopted SFAS No. 128, Earnings per Share, (EPS) which requires
presentation of basic and diluted EPS on the face of the income statement, and a
reconciliation of the numerator and denominator of the basic EPS computation to
the numerator and denominator of the diluted EPS computation. In the
accompanying financial statements, basic earnings (loss) per share is computed
by dividing net income/loss by the weighted average number of shares of common
stock outstanding during the period. The Company has no potentially dilutive
securities, such as options or warrants, currently issued and outstanding.

9

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|ALDAR GROUP, INC.                                                      
|-----------------------------------------------------------------------
|(A Development Stage Company)                                          
|NOTES TO UNAUDITED FINANCIAL STATEMENTS
      (continued)              
|For the three months ended September
      30, 2008 and 2007           
|and the Period of July 15, 2004 (Inception)
      to September 30, 2008
|                                                                       
|                                                                       
|NOTE 2: Property
      and Equipment, Stallion Syndicates              

|                                                 |   | September 30, |   |   | June 30, |  
|------------------------------------------------ | - | ------------- | - | - | -------- | -
|                                                 |   | 2008          |   |   | 2008     |  
|Property and equipment is summarized as follows: |   |               |   |   |          |  
|Property and equipment:                          |   |               |   |   |          |  
|Horses                                           | $ | 12,500        |   | $ | 34,512   |  
|Office furniture                                 |   | 2,200         |   |   | 2,200    |  
|Total property and equipment                     |   | 14,700        |   |   | 36,712   |  
|                                                 |   |               |   |   |          |  
|Accumulated depreciation:                        |   |               |   |   |          |  
|Horses                                           |   | 4,614         |   |   | 15,303   |  
|Office furniture                                 |   | 639           |   |   | 560      |  
|Total property and equipment                     |   | 5,253         |   |   | 15,863   |  
|                                                 |   |               |   |   |          |  
|Net property and equipment                       | $ | 9,447         |   | $ | 20,849   |  
|                                                 |   |               |   |   |          |  
|Stallion syndicates are summarized as follows:   |   |               |   |   |          |  
|Stallion syndicates                              | $ | 9,000         |   | $ | 9,000    |  
|Accumulated amortization                         |   | (3,250        | ) |   | (2,929   | )
|                                                 |   |               |   |   |          |  
|Net stallion syndicates                          | $ | 5,750         |   | $ | 6,071    |  

Depreciation
  expense of $875 and $1,818 is included in operating expenses in the statement
  of operations for the three months ended September 30, 2008 and 2007, respectively,
  as is stallion syndicate amortization of $321 for each of the three months ended
  September 30, 2008 and 2007.

In September
  2008, the Company sold one of its horses and its one-third interest in a thoroughbred
  racehorse to an unrelated party to settle debt of $6,668. The horse had a historical
  cost of $12,500 and carrying value of $7,887 at the time of the sale, while
  the racehorse interest had a historical cost of $9,512 and carrying value of
  $2,642, resulting in a combined loss on the sale of $3,861.

10

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|ALDAR GROUP, INC.                                                      
|-----------------------------------------------------------------------
|(A Development Stage Company)                                          
|NOTES TO UNAUDITED FINANCIAL STATEMENTS
      (continued)              
|Three months ended September 30, 2008
      and 2007                   
|and the Period of July 15, 2004 (Inception)
      to September 30, 2008
|                                                                       
|                                                                       
|NOTE 3: Related Party Transactions                                     

Notes Payable
  
  In February and March 2008, the Company entered into notes payable totaling
  $20,000 with two stockholders. The notes bear 7% annual interest and are due
  in February and March 2011. Accrued interest and interest expense as of and
  for the three months ending September 30, 2008 totaled $817. No principal or
  interest payments had been made as of September 30, 2008.

On March 27,
  2008, the Company entered into a demand promissory note with its President for
  $6,500 due October 31, 2008. The note bears interest of 10% during the term
  of the note, or 25% per annum on the unpaid balance after maturity. The note
  was initially secured by the Companys one-third ownership interest in
  a thoroughbred racehorse. In September 2008, the ownership interest was sold
  (Note 2), from which time forward the note will be unsecured. Interest expense
  in the amount of $325 has been accrued for the three months ended September
  30, 2008, resulting in total accrued interest of $540 at September 30, 2008.

Affiliate
  Transactions 
  On August 19, 2004 the Company entered into a consulting agreement with an entity
  affiliated with a stockholder (the Affiliate). The Affiliate was engaged to
  perform consulting services for the Company for a term of six months commencing
  August 19, 2004, in exchange for $15,000 and 10,000 shares of common stock.
  This agreement has been renewed for various periods since inception with payment
  terms equating to $2,500 per month. The agreement expired December 31, 2007
  and was not renewed for another term. Since the expiration of the consulting
  agreement, the Company has been charged service-specific fees by the Affiliate
  on an as-needed basis. For the period of July 15, 2004 (inception) through September
  30, 2008, the Affiliate has rendered consulting services to the Company totaling
  $108,750.

During the
  year ended June 30, 2006, the Affiliate advanced the Company $14,000, of which
  $1,500 and $11,000 was repaid during the years ended June 30, 2007 and 2006,
  respectively. The outstanding balance of $1,500 at September 30, 2008 and June
  30, 2008 is included in the Payable to Affiliate balances in the
  below activity summary. Interest has not been imputed on the advances due to
  its nominal amount.

During the
  period of November 2005 through March 2008, the Affiliate leased office space
  in Las Vegas, Nevada in behalf of the Company at $400 per month, plus a refundable
  security deposit of $1,200. In June 2008, the security deposit was applied to
  rent owing and the lease was not renewed for another term. Rent expense with
  the affiliate totaling $0 and $1,200 for the three months ended September 30,
  2008 and 2007, respectively, is included in General and Administrative expenses
  in the Statements of Operations.

The Affiliate regularly incurs expenses in behalf of the
Company in the normal course of business. Activity with the Affiliate is
summarized as follows:

10

---

ALDAR GROUP, INC. (A Development Stage Company) 
  NOTES TO UNAUDITED FINANCIAL STATEMENTS (continued) 
  hree months ended September 30, 2008 and
  2007and the Period of July 15, 2004 (Inception) to September
  30, 2008

NOTE 3: Related
  Party Transactions (continued)

|Payable to Affiliate July 15, 2004 (Inception)             | $ | -       |  
|---------------------------------------------------------- | - | ------- | -
|Consulting fees                                            |   | 26,250  |  
|Operating expenses incurred in behalf of the
      Company |   | 809     |  
|Amounts paid to Affiliate                                  |   | (609    | )
|Payable to Affiliate June 30, 2005                         |   | 26,450  |  
|                                                           |   |         |  
|Consulting fees                                            | $ | 30,000  |  
|Lease expense                                              |   | 3,300   |  
|Proceeds from notes payable                                |   | 14,000  |  
|Operating expenses incurred in behalf of the Company       |   | 11,327  |  
|Amounts paid to Affiliate                                  |   | (38,579 | )
|Payable to Affiliate June 30, 2006                         |   | 46,498  |  
|                                                           |   |         |  
|Consulting fees                                            |   | 30,000  |  
|Lease expense                                              |   | 4,800   |  
|Operating expenses incurred in behalf of the Company       |   | 16,640  |  
|Amounts paid to Affiliate                                  |   | (58,856 | )
|Payable to Affiliate June 30, 2007                         |   | 39,082  |  
|                                                           |   |         |  
|Consulting fees                                            |   | 18,000  |  
|Lease expense                                              |   | 3,600   |  
|Operating expenses incurred in behalf of the Company       |   | 8,937   |  
|Amounts paid to Affiliate                                  |   | (20,426 | )
|Payable to Affiliate June 30, 2008                         |   | 49,193  |  
|                                                           |   |         |  
|Consulting fees                                            |   | 2,103   |  
|Operating expenses incurred in behalf of the
      Company |   | 28,048  |  
|Amounts paid to Affiliate                                  |   | (49     | )
|Payable to Affiliate September 30, 2008                    | $ | 79,295  |  

NOTE
  4: Stockholders Equity

The Company
  has authorized 75,000,000 shares of common stock with a par value of $.001,
  and no preferred stock. There were a total of 4,533,000 shares of common stock
  issued and outstanding at September 30, 2008 and June 30, 2008, which is the
  result of the following transactions:

11

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|ALDAR GROUP, INC.                                                      
|-----------------------------------------------------------------------
|(A Development Stage Company)                                          
|NOTES TO UNAUDITED FINANCIAL STATEMENTS
      (continued)              
|Three months ended September 30, 2008
      and 2007                   
|and the Period of July 15, 2004 (Inception)
      to September 30, 2008
|                                                                       
|NOTE 4: Stockholders
      Equity (continued)                         

On August
  19, 2004, the Company issued 10,000 shares of common stock at $.001 par value
  to an Affiliate of the Company for services rendered, valued at $10 in connection
  with the consulting agreement described in Note 3 above.

On January 31, 2006, the Company declared and issued a common
stock dividend of 1,260,000 shares at $.001 par value to stockholders of record
as of January 31, 2006.

For the period
  of July 15, 2004 (inception) through September 30, 2008, the Company issued
  the following stock for cash:

Number of
      
      
      
      
      
      TotalDate
      
      Shares
      
      
      Price
      
      
      Proceeds7/16/2004
      
      175,000
      
      $
      0.001
      
      $
      1757/22/2004
      
      175,000
      
      
      0.001
      
      
      17511/4/2004
      
      650,000
      
      
      0.001
      
      
      65012/19/2005
      
      150,000
      
      
      0.10
      
      
      15,00012/31/2005
      
      100,000
      
      
      0.10
      
      
      10,0003/3/2006
      
      20,000
      
      
      0.10
      
      
      2,0004/17/2006
      
      150,000
      
      
      0.10
      
      
      15,0005/8/2006
      
      30,000
      
      
      0.10
      
      
      3,0006/23/2006
      
      600,000
      
      
      0.10
      
      
      60,0008/11/2006
      
      5,000
      
      
      0.10
      
      
      5008/18/2006
      
      305,000
      
      
      0.10
      
      
      30,5009/18/2006
      
      15,000
      
      
      0.10
      
      
      1,5009/19/2006
      
      40,000
      
      
      0.10
      
      
      4,00010/24/2006
      
      10,000
      
      
      0.10
      
      
      1,00011/20/2006
      
      25,000
      
      
      0.10
      
      
      2,5002/8/2007
      
      615,000
      
      
      0.10
      
      
      61,5002/22/2007
      
      25,000
      
      
      0.10
      
      
      2,5005/1/2007
      
      65,000
      
      
      0.10
      
      
      6,5008/14/2007
      
      100,000
      
      
      0.25
      
      
      25,0002/13/2008
      
      8,000
      
      
      0.25
      
      
      2,0003,263,000
      
      
      
      
      $
      243,500


12

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|ALDAR GROUP, INC.                                                      
|-----------------------------------------------------------------------
|(A Development Stage Company)                                          
|NOTES TO UNAUDITED FINANCIAL STATEMENTS
      (continued)              
|Three months ended September 30, 2008
      and 2007                   
|and the Period of July 15, 2004 (Inception)
      to September 30, 2008
|                                                                       
|NOTE 5: Income
      Taxes                                             

The Company
  recognizes the tax effects of transactions in the year in which such transactions
  enter into the determination of net income, regardless of when reported for
  tax purposes. Deferred taxes are provided in the financial statements under
  SFAS No. 109 to give effect to the resulting temporary differences which may
  arise from differences in the bases of various assets and liabilities based
  on the income taxes expected to be payable in future years. Development stage
  deferred tax assets arising as a result of net operating loss carry forwards
  have been offset completely by a valuation allowance due to the uncertainty
  of their utilization in future periods. Operating loss carry forwards generated
  during the period from July 15, 2004 (date of inception) through September 30,
  2008 of $359,771 will begin to expire in 2024. Deferred tax assets of approximately
  $126,000 were offset by a valuation allowance, which increased by approximately
  $10,300 and $8,600 during the three months ended September 30, 2008 and 2007,
  respectively.

NOTE 6: Going
  Concern Considerations

The accompanying financial statements have been prepared in conformity
  with U.S. generally
  accepted accounting principles, which contemplate continuation of the Company
  as a going concern. However, the Company has incurred losses since its inception
  and has not yet been successful in establishing profitable operations. These
  factors raise substantial doubt about the ability of the Company to continue
  as a going concern. Unanticipated costs and expenses or the inability to generate
  revenues could require additional financing, which would be sought through bank
  borrowings, equity or debt financing, or asset sales. To the extent financing
  is not available, the Company may not be able to or may be delayed in developing
  its services and meeting its obligations. The Company will continue to evaluate
  its projected expenditures relative to its available cash and to evaluate additional
  means of financing in order to satisfy its working capital and other cash requirements.
  The accompanying financial statements do not reflect any adjustments that might
  result from the outcome of these uncertainties.

NOTE 7: Revenue
  Recognition

The Companys current sources of income are derived from
  winnings earned by race horses in which the Company owns either full or partial
  interest, and sale of foals from its breeding program. Income from race winnings
  is recorded on the race dates with an accompanying receivable to be reduced
  when checks are subsequently cut and distributed to all interest owners. Income
  from the sale of foals is recorded on the sale date. During the three months
  ended September 30, 2008 and 2007, the Company earned race winnings of $1,518
  and $7,999 respectively, and
  $0 sales from its breeding program.

NOTE
  8: Subsequent Events

On October
  2, 2008, the Company sold its interest in one of its stallion syndicates to
  a vendor in satisfaction of $4,500 in debt due to the vendor. The syndicate
  interest had a historical cost of $4,000 and a carrying value of $2,714 on the
  date of the sale, resulting in a gain of $1,786.

13

---

ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION ANDRESULTS OF OPERATIONS

The following plan of operation should be read in conjunction
  with our financial statements and the notes thereto included elsewhere in this
  quarterly report.
  Statements contained herein which are not historical facts are forward-looking
  statements, as that term is defined by the Private Securities Litigation Reform
  Act of 1995, including statements relating to our plans, objectives, expectations,
  and intentions. Although we believe that the expectations reflected in such
  forward-looking statements are reasonable, forward-looking statements are subject
  to risks and uncertainties that could cause actual results to differ from those
  projected. We caution investors that any forward-looking statements made by
  us are not guarantees of future performance and that actual results may differ
  materially from those in the forward-looking statements. Such risks and uncertainties
  include, without limitation: established competitors who have substantially
  greater financial resources and operating histories, regulatory delays or denials,
  ability to compete as a start-up company in a highly competitive market, and
  access to sources of capital.

Results of Operations

We have generated
  revenues from operations of $18,707 since inception and have incurred $377,948
  in operating expenses through September 30, 2008. The following table provides
  selected financial data about our company for the quarter ended September 30,
  2008.

Balance Sheet Data:
      
      9/30/08Cash
      $
      175Total assets
      $
      16,374Total liabilities
      $
      132,635Stockholders' deficit
      $
      116,261


Plan of Operation

We have developed a plan of operations reflecting our
objectives and anticipated growth for the next 12 months and beyond. In our
plan, we identify our cash requirements, our anticipated purchases of new
horses, and our required staffing and additional funding requirements to fulfill
our business objectives.

Cash Requirements

We estimate
  that we require a minimum of approximately $150,000 and a maximum of approximately
  $250,000 to operate for the next 12 months from the date of this quarterly report.
  The minimum of $150,000 is required for operating expenses, and training, care,
  and boarding of our thoroughbreds. The maximum will be required, however, if
  we attend upcoming Thoroughbred Auctions. This estimate of required funds includes
  the $5,000 for commissions to our bloodstock agent, $25,000 in estimated operating
  expenses including office rent, boarding, training, sales preparation, and $95,000

16

---

in additional
  overhead for purchases and/or racing of our horses. Additionally, as of September
  30, 2008, we held full title to two thoroughbreds and ownership interests in
  two stallion syndicates. On October 2, 2008 the Company sold its ownership interest
  in one of the stallion syndicates. We expect to generate revenue from the sales
  of these horses and their foals. Specifically, we successfully bred our two
  mares and delivered two foals on April 14 and April 15, 2006, and one foal in
  April 2007. In July of 2006, upon the advice of our Vet, Mr. Bob Campbell, we
  put down our colt by Lois Laner, out of Cahill Road, due to an incurable infection.
  The foal born April 14, 2006 was sold at auction in December 2007 at the WBTA
  sale for $6,200. To date, we have not generated a net profit and have sold one
  broodmare and its foal to an unrelated party. We generated limited revenue in
  our first fiscal quarter of 2009 from our racing program.

To the extent we are unable to meet our operating expenses, we
may borrow funds from our president, Mr. Murphy, or others, or we may attempt to
raise capital from private individuals or institutional investment equity funds.
Any funds generated from sales of horses or from equity investments, if any, in
our company that exceeds our operating expenses and debt repayments will be used
to purchase additional thoroughbred horses.

We have developed
  a plan of operation reflecting our objectives and anticipated growth for the
  next 12 months and beyond. In our plan, we identify our cash requirements, our
  anticipated purchases of new horses, and our required staffing and additional
  funding requirements to fulfill our business objectives. Management attended
  and competitively bid on several Yearlings at the Sept. 2008 WBTA Summer Yearling
  Sale, but was unable to purchase any new thoroughbreds. The Company did not
  send a representative to Keeneland, Kentucky for their Yearling Sale held over
  a two-week period in September 2008. The Company purchased a one-third interest
  in a filly named RUSSIAN to train and race at Emerald downs in 2007. Russian
  placed fourth or better in four of her six races and won $18,326. Russian was
  returned to Emerald downs in January 2008 to train for the April-October Emerald
  downs racing season. Russian had limited success and was sold in late September
  of 2008 as a broodmare. The Company purchased a filly named Cascade Park at
  the September 2006 WBTA Summer Yearling Sale at Emerald Downs. That filly was
  in training to race in 2007 and placed in both her races run in September 2007.
  The Company sold Cascade Park for $4,000 to a Canadian racing interest in March
  2008. The Company had a one-year-old filly we had bred and planned to sell at
  the coming 2008 auctions but due to a pasture accident, the filly was euthanized
  in February 2008 on advice from the attending veterinarian. The filly was insured
  for $8,000 and we received a $5,000 reimbursement under that policy.

We have terminated our breeding program due to its limited
success over the last 2 years, but will retain our Stud rights in Private Gold.
We had purchased breeding rights to Matty-G for Lois Laner, which we consider
our best mare, but were unsuccessful in bringing the pregnancy to a full term.
Matty-G was purchased by a Washington syndicate from Kentucky to stand in
Washington.

17

---

We had planned
  on re-breeding Baby Alice to Cahill Road, but were able to breed Baby Alice
  to Matty-G, a highly sought-after Stallion with a proven record of delivering
  high value foals. Baby Alice, who was bred to Matty G, had a filly foal in May
  of 2008. Both Mares were bred back to Matty-G., but only the Baby Alice breeding
  was successful. Aldar sold Lois Laner and her foal privately prior to the Washington
  Thoroughbred Breeders Association (WBTA) auction on December 3, 2008. Aldar
  received a State of Washington revenue bonus of $922 in December 2008 for races
  run in Washington race tracks from the winnings of thoroughbreds they have bred.
  Aldar Group has previously received from the State of Washington for breeding
  a successful race horse from a special Breeders Program ($368).

Revenues

The Company
  has recorded $18,707 in revenues from operations since inception through September
  30, 2008, which was generated from race winnings and the sale of one bred foal.

The Company
  had purchased two broodmares who were with foals and two individual syndicate
  shares in established stallions for breeding or re-sale purposes. Two foals
  were born in April 2006, one of which died in June 2006 due to an incurable
  virus, and was uninsured. Another foal was born in April 2007 and had to be
  euthanized in 2008 because of a pasture accident. This foal was insured and
  the death resulted in collection of $5,000 in insurance proceeds. The deaths
  may cause a substantial loss in future sales. The foal born in 2006 was sold
  at auction in December 2007 for $6,200. Two more foals were born in May 2008
  and one was sold with its mother during this quarter to one of our vendors in
  satisfaction of debts we owed to them totaling $6,668. The other broodmare and
  its foal are being held for sale anticipated in Spring of 2009.

The Company
  currently has full ownership in one thoroughbred filly weanling and one mare
  (Baby Alice). The two-year-old filly it bought at the Sept 2006 WBTA Auction
  (Cascade Park), was sold to a Canadian racing interest in March 2008. The Company
  owns syndicate shares in one stallion (Private Gold). The Company has received
  revenue from the one-third interest in the race winnings from Russian ($8,644),
  and from the State of Washington for breeding a successful race horse from a
  special Breeders Program ($368). Aldar also has received revenue from the race
  winnings of Cascade Park ($2,345) in 2007. An Amazon book selling agreement
  has generated no sales to date.

Operating and General & Administrative Expenses

Operating expenses consisting of boarding, training,
depreciation and amortization, breeding, consulting, professional fees, and
other general administrative expenses totaled $25,562 for the quarter ended
September 30, 2008. Since inception through September 30, 2008, we have incurred
operating expenses totaling $377,948.

Income Taxes

The Company does not anticipate having to pay income taxes in
the upcoming years due to our absence of net profits.

18

---

Capital and Liquidity

As of September
  30, 2008, we had total current assets of $1,177, and total current liabilities
  of $111,818.

During the
  quarters ended September 30, 2008 and 2007, the Company received $0 and $25,000,
  respectively, in cash from the sale of its common stock, and $243,500 since
  inception through September 30, 2008. These proceeds are being used for operating
  and general and administrative expenses to sustain the Company through its development
  stage until it establishes profitable operations or receives cash from the issuance
  of additional common stock.

We had cash on hand of $175 as of September 30, 2008. We do not
have sufficient cash to meet our short-term expansion needs over the next 12
months, which are to expand our weanling purchase program, our pinhooking sales
and purchase program, our mare and foal purchase program, our stallion breeding
program, and our syndicate programs, and also to expand our website presence and
our book sale program.

We believe we can meet our payment schedules for current
boarding, care and syndicate share costs through additional sales. The Company
will require additional cash, either from stock sales, racing profits, operating
activities or cash advances from stockholders and officers, to meet our
immediate expansions and financial needs and our long-term goals. Our long-term
goals will be to expand our weanling purchase program, our pinhooking sales and
purchase program ("Pinhooking" involves the purchase of a yearling, that is, a
horse that is between one and two years old, with a view towards training and
then reselling that horse as a two-year-old.), our mare and foal purchase
program, our stallion breeding program, our partnership/syndicate programs,
website presence, and our book sale program, and to advertise their
availability. The Company may not be able to obtain additional financing, either
in the form of racing profits, debt or equity, or guarantee that, if such
financing is obtained, it will be available to us on reasonable terms. If we are
able to obtain additional financing or structure strategic relationships in
order to fund current or future projects, existing stockholders will likely
experience further dilution of their percentage ownership of the Company.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK

Not applicable to smaller reporting companies.

19

---

ITEM
  4T. CONTROLS AND PROCEDURES

Evaluation
  of Disclosure Controls and Procedures

Disclosure Controls and Procedures

Under the supervision and with the participation of our management,
  including our principal executive officer and principal financial officer, we
  have conducted an evaluation of the effectiveness of the design and operation
  of our disclosure controls and procedures, as defined in Rules 13a-15(e) and
  15d-15(e) under the Securities Exchange Act of 1934, as of the end of the period
  covered by this report. Based on this evaluation, Kevin Murphy (our principal
  executive officer) and Kenneth
  Liebscher (our principal financial officer) concluded as of the evaluation
  date that our disclosure controls and procedures were effective such that the
  material information required to be included in our Securities and Exchange
  Commission reports is recorded, processed, summarized and reported within the
  time periods specified in SEC rules and forms relating to our company, and was
  made known to us by others within those entities, particularly during the period
  when this report was being prepared.

Changes in Internal Control Over Financial Reporting.

There were no significant changes in our internal controls or
in other factors that could significantly affect these controls subsequent to
the evaluation date. We have not identified any significant deficiencies or
material weaknesses in our internal controls, and therefore there were no
corrective actions taken.

PART II  OTHER INFORMATION

ITEM 6. EXHIBITS

|Exhibit |                                               
|------- | ----------------------------------------------
|Number  | Description                                   
|        |                                               
|31      | Rule
      13a-14(a)/15d-14a(a) Certifications
|        |                                               
|32      | Section
      1350 Certifications             

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.

|February 20, 2009 |     |                                                               
|----------------- | --- | --------------------------------------------------------------
|                  |     |                                                               
|                  |     | Aldar Group, Inc.                                             
|                  |     |                                                               
|                  | By: |                                                               
|                  |     | /s/ Kevin Murphy                                              
|                  |     | Kevin M. Murphy, President (principal executive
      officer)

---