UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
DC 20549





FORM
10-Q





[X]
            Quarterly
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934For
      the quarterly period ended May 31,
      2008[  ]
            Transition
      Report pursuant to 13 or 15(d) of the Securities Exchange Act of
      1934For
      the transition period __________ to__________Commission
      File Number: 333-149197





Wishart Enterprises
Limited


(Exact
name of small business issuer as specified in its charter)





Nevada
            39-2068976(State
      or other jurisdiction of incorporation or
    organization)
            (IRS
      Employer Identification No.)





#108-2940
      Louise Street Saskatoon, Saskatchewan
              Canada S7J
      5K2(Address
      of principal executive offices)





206-339-9420(Issuer’s
      telephone number)_______________________________________________________________(Former
      name, former address and former fiscal year, if changed since last
      report)




Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the issuer was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days [X]
Yes    [ ] 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.





[ ]
      Large accelerated filer Accelerated filer
            [ ]
      Non-accelerated filer[X]
      Smaller reporting company





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





State the
number of shares outstanding of each of the issuer’s classes of common stock, as
of the latest practicable date: 2,515,000 common shares as of May 31,
2008.




Table of Contents




TABLE OF
      CONTENTS
            PagePART I – FINANCIAL
      INFORMATIONItem 1:
            Financial Statements
            3Item 2:
            Management’s Discussion and Analysis of Financial Condition and
      Results of Operations
            4Item 3:
            Quantitative and Qualitative Disclosures About Market
      Risk
            10Item 4T:
            Controls and Procedures
            10PART II – OTHER
      INFORMATIONItem 1:
            Legal Proceedings
            11Item 1A:
            Risk Factors
            11Item 2:
            Unregistered Sales of Equity Securities and Use of
      Proceeds
            11Item 3:
            Defaults Upon Senior Securities
            11Item 4:
            Submission of Matters to a Vote of Security
      Holders
            11Item 5:
            Other Information
            11Item 6:
            Exhibits
            11





2
 Table of Contents





PART
I - FINANCIAL INFORMATION





Item1.    Financial Statements





Our
      unaudited financial statements included in this Form 10-Q are as
      follows:F-1
            Balance Sheets as of May 31, 2008 (unaudited) and November 30,
      2007 (audited);F-2
            Statements of Operations for the three months ended May 31,
      2008 and 2007, for the six months ended May 31, 2008, and for the period
      from December 13, 2006 (Inception) to May 31, 2008 and 2007
      (unaudited);F-3
            Statement of Stockholders’ Equity for period from December 13,
      2006 (Inception) to May 31, 2008 (unaudited);F-4
            Statements of Cash Flows for the six months ended May 31, 2008,
      and for the period from December 13, 2006 (Inception) to May 31, 2008 and
      2007 (unaudited);F-5
            Notes to Unaudited Financial
  Statements;








These
unaudited financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America for interim
financial information and the SEC instructions to Form 10-Q.  In the
opinion of management, all adjustments considered necessary for a fair
presentation have been included.  Operating results for the interim
period ended May 31, 2008 are not necessarily indicative of the results that can
be expected for the full year.





3
 Table of Contents


WISHARTENTERPRISES LIMITED
 (A
DEVELOPMENT STAGE COMPANY)
 BALANCE
SHEETS
 As
at May 31, 2008 and November 30, 2007
 
 ASSETS
              May 31, 2008
              
              November 30,2007(unaudited)
              
              (audited)Current
      assetsCash
              $
              18,893
              
              $
              46,496Total
      current assets
              
              18,893
              
              
              46,496Computer
      equipment, net of accumulated depreciation of $ 578(2007-$
      386)
              
              1,136
              
              
              1,329TOTAL
      ASSETS
              $
              20,029
              
              $
              47,825LIABILITIES
      AND STOCKHOLDERS’ EQUITY (DEFICIT)Current
      liabilitiesAccounts
      payable and accrued liabilities – Note 6
              $
              20,580
              
              $
              12,907TOTAL
      LIABILITIES
              
              20,580
              
              
              12,907STOCKHOLDERS’
      EQUITY (DEFICIT):Common
      stock, $.001 par value, 50,000,000 shares authorized, 2,515,000 shares
      issued and outstanding
              
              2,515
              
              
              2,515Additional
      paid in capital
              
              58,685
              
              
              58,685Deficit
      accumulated during the development stage
              
              (61,751)
              
              
              (26,282)Total
      stockholders’ equity (deficit)
              
              ( 551)
              
              
              34,918TOTAL
      LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
              $
              20,029
              
              $
              47,825
 
 See
accompanying notes to financial statements.
 F-1
 Table of Contents
 WISHARTENTERPRISES LIMITED
 (A
DEVELOPMENT STAGE COMPANY)
 STATEMENTS
OF OPERATIONS (unaudited)
 Three
and Six months ended May 31, 2008
 Three
months and Period from December 13, 2006 (Inception) to May 31,
2007
 Period
from December 13, 2006 (Inception) to May 31, 2008
 
 Threemonths
      ended May 31, 2008
              
              Threemonths
      ended May 31, 2007
              
              Sixmonths
      ended May 31, 2008
              
              Period
      from December 13, 2006 (Inception) to May 31, 2007
              
              Period
      from December 13, 2006 (Inception) to May 31, 2008Revenues
              $
              -0-
              
              $
              -0-
              
              $
              -0-
              
              $
              0-
              
              $
              0-General
      and administrative expenses:Depreciation
              
              97
              
              
              32
              
              
              193
              
              
              32
              
              
              578General
      and administrative
              
              11,467
              
              
              740
              
              
              11,871
              
              
              1,354
              
              
              14,094Professional
      fees
              
              7,640
              
              
              -0-
              
              
              18,962
              
              
              -0-
              
              
              25,912Management
      fees – Note 6
              
              417
              
              
              373
              
              
              834
              
              
              612
              
              
              2,261Rent
      and utilities – Note 6
              
              1,638
              
              
              1,464
              
              
              3,277
              
              
              2,402
              
              
              8,879Travel,
      meals and entertainment
              
              -0-
              
              
              3,116
              
              
              -0-
              
              
              3,116
              
              
              5,633Website
              
              -0-
              
              
              633
              
              
              332
              
              
              633
              
              
              4,394Total
      general and administrative
              
              21,259
              
              
              6,358
              
              
              35,469
              
              
              8,149
              
              
              61,751Net
      loss
              $
              (21,259)
              
              $
              (6,358)
              
              $
              (35,469)
              
              $
              (8,149)
              
              $
              (61,751)Net
      loss per share:Basic
      and diluted
              $
              (0 .01)
              
              $
              (0 .00)
              
              $
              ( 0.01)
              
              $
              (0 .00)Weighted
      average shares outstanding: Basic and diluted
              
              2,515,000
              
              
              2,515,000
              
              
              2,515,000
              
              
              2,257,500
  See
accompanying notes to financial statements.
 F-2
 Table of Contents
 WISHARTENTERPRISES
LIMITED
 (A
DEVELOPMENT STAGE COMPANY)
 STATEMENT
OF STOCKHOLDERS’ DEFICIT (unaudited)
 Period
from December 13, 2006 (Inception) to May 31, 2008
 
 Common
      stock
              
              Additional
                paid-in
              
              Deficit
                accumulated
                during
      the
                developmentShares
              
              Amount
              
              capital
              
              stage
              
              TotalIssuance
      of common stockfor
      cash to founders
              
              2,000,000
              
              $
              2,000
              
              $
              18,000
              
              $
              
              
              $
              18,000Issuance
      of common stockfor
      cash at $ .08 per share
              
              515,000
              
              
              515
              
              
              40,685
              
              
              
              
              
              41,200Net
      loss for the period
              
              -
              
              
              -
              
              
              -
              
              
              (26,282)
              
              
              (26,282)Balance,
      November 30, 2007
              
              2,515,000
              
              
              2,515
              
              
              58,685
              
              
              (26,282)
              
              
              34,918Net
      loss for the period
              
              -
              
              
              -
              
              
              -
              
              
              (35,469)
              
              
              (35,469)Balance,
      May 31, 2008
              
              2,515,000
              
              $
              2,515
              
              $
              58,685
              
              $
              (61,751)
              
              $
              (551)
  See
accompanying notes to financial statements.
 F-3
 Table of Contents
 WISHARTENTERPRISES LIMITED
 (A
DEVELOPMENT STAGE COMPANY)
 STATEMENTS
OF CASH FLOWS (unaudited)
 Six
months ended May 31, 2008
 Period
from December 13, 2006 (Inception) to May 31, 2007
 Period
from December 13, 2006 (Inception) to May 31, 2008
 
 Sixmonths
      ended May 31, 2008
              
              Period
      from December 13, 2006 (Inception) to May 31, 2007
              
              Period
      from December 13, 2006 (Inception) to May 31, 2008CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
              $
              (35,469)
              
              $
              (8,149)
              
              $
              (61,751)Adjustments
      to reconcile net loss to cash used by operating
      activities:Depreciation
              
              193
              
              
              32
              
              
              578Change
      in non-cash working capital itemsAccounts
      payable and accrued liabilities
              
              7,673
              
              
              1,992
              
              
              20,580CASH
      FLOWS USED IN OPERATING ACTIVITIES
              
              (27,603)
              
              
              (6,125)
              
              
              (40,593)CASH
      FLOWS USED IN INVESTING ACTIVITIESAcquisition
      of computer equipment
              
              -0-
              
              
              (1,714)
              
              
              (1,714)CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds
      from sales of common stock
              
              -0-
              
              
              61,200
              
              
              61,200NET
      INCREASE (DECREASE) IN CASH
              
              (27,603)
              
              
              53,361
              
              
              18,893Cash,
      beginning of period
              
              46,496
              
              
              -0-
              
              
              -0-Cash,
      end of period
              $
              18,893
              
              $
              53,361
              
              $
              18,893SUPPLEMENTAL
      CASH FLOWINFORMATIONInterest
      paid
              $
              -
              
              $
              -
              
              $
              -Income
      taxes paid
              $
              -
              
              $
              -
              
              $
              -
 
 See
accompanying notes to financial statements.
 F-4
 Table of Contents
 WISHARTENTERPRISES LIMITED
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 May
31, 2008
 
 NOTE 1 -
BASIS OF PRESENTATION
 
 The
accompanying unaudited interim financial statements of Wishart Enterprises
Limited have been prepared in accordance with accounting principles generally
accepted in the United States of America and the rules of the Securities and
Exchange Commission (“SEC”), and should be read in conjunction with the audited
financial statements and notes thereto contained in the Company’s registration
statement filed with the SEC on Form SB-2.  In the opinion of
management, all adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the results of
operations for the interim periods presented have been reflected
herein.  The results of operations for interim periods are not
necessarily indicative of the results to be expected for the full
year.  Notes to the financial statements which would substantially
duplicate the disclosure contained in the audited financial statements for the
most recent fiscal year 2007 as reported in Form SB-2, have been
omitted.
 
 NOTE 2 –
SUMMARY OF ACCOUNTING POLICIES
 
 Nature of
Business
 
 Wishart
Enterprises Limited (“Wishart”) was incorporated in Nevada on December 13, 2006
and was subsequently registered in Saskatchewan, Canada as an extra-provincial
corporation.  Wishart develops health related websites advocating a
blend of western medicine with alternative health practices. Wishart is a
development stage company and has not yet realized any revenues from its planned
operations.
 
 Cash and
Cash Equivalents
 
 For the
purposes of presenting cash flows, Wishart considers all highly liquid
investments with original maturities of three months or less to be cash
equivalents.
 
 Fair
Value of Financial Instruments
 
 The
Company’s financial instruments consist of cash and cash equivalents. The
carrying amount of these financial instruments approximates fair value due
either to length of maturity or interest rates that approximate prevailing
market rates unless otherwise disclosed in these financial
statements.
 
 F-5
 Table of Contents
 WISHART
ENTERPRISES LIMITED
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 May
31, 2008
 
 Comprehensive
Income
 
 The
Company has adopted SFAS 130 “Reporting Comprehensive Income” which establishes
standards for reporting and display of comprehensive income, its components and
accumulated balances.  When applicable, the Company would disclose
this information on its Statement of Stockholders’
Equity.  Comprehensive income comprises equity except those resulting
from investments by owners and distributions to owners.  The Company
has not had any significant transactions that are required to be reported in
other comprehensive income.
 
 Income
Tax
 
 Wishart
follows SFAS 109, “Accounting for Income Taxes.” Deferred income taxes reflect
the net effect of (a) temporary difference between carrying amounts of assets
and liabilities for financial purposes and the amounts used for income tax
reporting purposes, and (b) net operating loss carry-forwards. No net provision
for refundable Federal income tax has been made in the accompanying statement of
loss because no recoverable taxes were paid previously. Similarly, no deferred
tax asset attributable to the net operating loss carry-forward has been
recognized, as it is not deemed likely to be realized.
 
 Use of
Estimates
 
 The
preparation of financial statements in conformity with generally accepted
accounting principles 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 the financial statements and the
reported amount of revenues and expenses during the reporting
period.  Actual results could differ from those
estimates.
 
 Basic
loss per share
 
 Basic
loss per share has been calculated based on the weighted average number of
shares of common stock outstanding during the period.
 
 Foreign
Currency
 
 The
operations of the Company are located in Canada.  Wishart maintains
both U.S. Dollar and Canadian Dollar bank accounts.  The functional
currency is the U.S. Dollar.  Transactions in foreign currencies other
than the functional currency, if any, are re-measured into the functional
currency at the rate in effect at the time of the
transaction.  Re-measurement gains and losses that arise from exchange
rate fluctuations are included in income or loss from
operations.  Monetary assets and liabilities denominated in Canadian
Dollars are translated into U.S. Dollars at the rate in effect at the balance
sheet date.  Revenue and expenses denominated in Canadian Dollars are
translated at the average exchange rate.
 
 F-6
 Table of Contents
 WISHART
ENTERPRISES LIMITED
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 May
31, 2008
 
 Foreign
Currency
 
 The
operations of the Company are located in Canada.  Wishart maintains
both U.S. Dollar and Canadian Dollar bank accounts.  The functional
currency is the U.S. Dollar.  Transactions in foreign currencies other
than the functional currency, if any, are re-measured into the functional
currency at the rate in effect at the time of the
transaction.  Re-measurement gains and losses that arise from exchange
rate fluctuations are included in income or loss from
operations.  Monetary assets and liabilities denominated in Canadian
Dollars are translated into U.S. Dollars at the rate in effect at the balance
sheet date.  Revenue and expenses denominated in Canadian Dollars are
translated at the average exchange rate.
 
 Property
and Equipment
 
 Computer
equipment is stated at cost less accumulated
depreciation.  Depreciation is computed using the declining balance
method at the annual rate of 45%.  One half of the annual depreciation
is taken in the year of acquisition.
 
 Development
Stage
 
 Wishart
entered the development stage upon its inception in the prior
period.  Accordingly, income and expenses for the current year and
cash flow for the current year equal income and expenses and cash flow on a
cumulative basis since inception.
 
 Recent
accounting pronouncements
 
 Wishart
does not expect the adoption of recently issued accounting pronouncements to
have a significant impact on the Company’s results of operations, financial
position or cash flow.
 
 NOTE 3 -
GOING CONCERN
 
 Wishart
has recurring losses and has a deficit accumulated during the development stage
of $61,751 as of May 31, 2008.  Wishart 's financial statements are
prepared using the generally accepted accounting principles applicable to a
going concern, which contemplates the realization of assets and liquidation of
liabilities in the normal course of business.  However,
Wishart  has no current source of revenue. Without realization of
additional capital, it would be unlikely for Wishart to continue as a going
concern.  Wishart 's management plans on raising cash from public or
private debt or equity financing, on an as needed basis and in the longer term,
and, ultimately, upon achieving profitable operations through the development of
business activities.
 
 F-7
 Table of Contents
 WISHART
ENTERPRISES LIMITED
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 May
31, 2008
 
 NOTE 4 –
INCOME TAXES
 
 For the
period ended May 31, 2008, Wishart has incurred net losses and, therefore, has
no tax liability.  The net deferred tax asset generated by the loss
carry-forward has been fully reserved.  The cumulative net operating
loss carry-forward is approximately $61,750 at May 31, 2008, and will begin to
expire in the year 2027.
 
 The
cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount is as follows:
 
 2008Deferred
      tax asset attributable to:Net
      operating loss carryover
              $
              20,995Valuation
      allowance
              
              (20,995)Net
      deferred tax asset
              $
              -
  NOTE 5 –
COMMON STOCK
 
 At
inception, Wishart issued 2,000,000 shares of stock for $20,000
cash.
 
 During
the period ended November 2007, Wishart issued 515,000 shares of stock
for
 $41,200
cash.
 
 NOTE 6-
RELATED PARTY TRANSACTIONS
 
 Rent and
utilities expenses of $3,278 (2007-$2,403) for the six month period ended May
31, 2008 and $1,639 ($1,465) for the three month period ended May 31, 2008 and
management fees of $ 834 (2007- $613) for the six months ended May 31, 2008 and
$ 417 (2007 $374) for the three months ended May 31, 2008 were paid to the
director of Wishart .
 
 Included
in accounts payable and accrued liabilities is $ 12,141 (November 30, 2007 -
$7,074) due to the director of Wishart.
 
 NOTE 7 –
COMMITMENTS
 
 Wishart
neither owns nor leases any real or personal property.  Our officer
has provided rent and utilities to the company at a cost of $690 per month and
management services at a cost of $140 per month.  The officer and
director are involved in other business activities and most likely will become
involved in other business activities in the future.


F-8
 Table of Contents





Item2.     Management’s Discussion and
Analysis of Financial Condition and Results of Operations





Forward-Looking
Statements





Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of
1934.   These forward-looking statements generally are identified
by the words “believes,” “project,” “expects,” “anticipates,” “estimates,”
“intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will
continue,” “will likely result,” and similar expressions.  We intend
such forward-looking statements to be covered by the safe-harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995, and are including this statement for purposes of complying with
those safe-harbor provisions.  Forward-looking statements are based on
current expectations and assumptions that are subject to risks and uncertainties
which may cause actual results to differ materially from the forward-looking
statements. Our ability to predict results or the actual effect of future plans
or strategies is inherently uncertain.  Factors which could have a
material adverse affect on our operations and future prospects on a consolidated
basis include, but are not limited to: changes in economic conditions,
legislative/regulatory changes, availability of capital, interest rates,
competition, and generally accepted accounting principles. These risks and
uncertainties should also be considered in evaluating forward-looking statements
and undue reliance should not be placed on such statements.  We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise.  Further information concerning our business, including
additional factors that could materially affect our financial results, is
included herein and in our other filings with the SEC.





Overview





We are
engaged in the business of developing a family of “Healing Naturally”
health-related websites advocating a blend of western medicine with alternative
health practices such as meditation, yoga, and careful nutrition specifically
designed for individuals with particular illnesses, as well as their families
and friends. We have already developed our initial website, www.healinglupusnaturally.com
(our “Product” or our “Site”), which provides information, inspiration, and
direction for those dealing with lupus.   Such a product will
allow people with specific illnesses and their families and friends efficient
and convenient access to information regarding an alternative approach to
dealing with their illness.





We intend
to earn revenue by selling advertising space on this and future websites, by
selling third party health products directly through our websites using
e-commerce functionality, and from product referral, sponsorship and affiliate
fees from third parties. We are currently in the process of designing and
developing our Site with the aid of Marginally Clever Software.  The
beta version of our Site was posted on the Internet in August, 2007, and we have
continued to




4
 Table of Contents




refine
our Site since then. We are also presently developing our Site’s advertising and
affiliate capability. On February 21, 2008 we activated Google Adsense
advertising on the site, which should generate revenue as visits to our site
increase. We have also begun to promote our site to individuals with
specific illnesses as well as their families and friends.





Plan
of Operation





Product
Development





We intend
to continue the development and refinement of our Product over the coming
months. We will first focus our efforts on our initial Site by investing in the
resources needed to deliver health and wellness information by continuing to
build our repository of wellness content, introducing and broadening our
interactive services such as forums and blogs, and increasing their
functionality relative to similar products in the marketplace.  On
April 23, 2007, we engaged Marginally Clever Software to develop our Site and
have been refining the Site since that date.





We
currently own a number of other domains which we intend to develop in the
future.  These include:





§
            healingarthritisnaturally.com


§
            healingdiabetesnaturally.com


§
            healingosteoarthritisnaturally.com


§
            healingosteoporosisnaturally.com


§
            healinggerdnaturally.com


§
            healingibsnaturally.com


§
            healinghiatalhernianaturally.com


§
            healingibdnaturally.com


§
            healingprostatitisnaturally.com


§
            healingdepressionnaturally.com


§
            healingheartdiseasenaturally.com


§
            healingcancersnaturally.com


§
            healingliverdiseasenaturally.com





We intend
to acquire and develop additional domains as our business grows.  Some
of the new domains will deal with specific ailments and others will simply refer
back to other domains.  The purpose of these “refer back” domains is
to increase our visibility and accessibility on the Internet.  We
intend to begin tracking visitors to our websites and other usage data and
report this on a periodic basis.





We also
intend to develop multiple language websites, translating our English content to
other languages using free or low-cost computer programs available on the
Internet.  Although the resulting translations may lose some dialectic
artifacts, we believe they will provide useful information to individuals who
are suffering from particular ailments.  The goal of providing
multiple languages is to increase the aggregate number of visitors to our family
of websites.  We believe that some foreign language visitors to our
websites will be interested in the products we




5
 Table of Contents




advertise
or feature, which will lead to increased revenue.  All of our websites
will contain meta tag keywords in multiple languages to enable us to attract the
most visitors possible.  Meta tags are hidden identifiers in web pages
which are recognized by search engines such as Google and enable more accurate
web searches.





Our plan
is to create an interactive, feature-rich family of “Healing Naturally” websites
which will become the destination of choice for individuals in search of an
alternative approach to dealing with their illness. The overriding goal of our
websites will be to maximize the number of unique and repeat visitors and the
time visitors spend at our websites.  The appeal to repeat visitors is
sometimes called stickiness.  To maximize stickiness we intend to
develop the following features for our websites:





§
            interactive
      forums for visitors


§
            video
      and audio discussions of the
ailment


§
            continuously
      updated relevant information, news and
links


§
            blogs
      or web logs


§
            guest
      contributors such as doctors, patients, and
  others


§
            sponsored
      areas which are maintained by third
parties





Revenue
Generation





We are
currently developing our Site’s advertising and affiliate
capability.  Our site began hosting Google Adsense advertisements on
February 21, 2008.  We have continued to add content to the site, including
a question and answer section called "Lupus Questions" which we plan on
expanding in coming months.  We are promoting our site at third-party sites
such as digg.com botw.org, about.com and wehavelupus.com.  We expect our
additional content and promotional efforts to increase traffic to our site,
which should result in increasing advertising revenue.





We plan
to generate revenue primarily through the sale of advertising, referral and
affiliate fees.  We do not anticipate charging user fees for access to
our information.  We anticipate that our sponsors, advertisers and
affiliates will consist primarily of vitamin, pharmaceutical, food,
biotechnology and medical device companies, and consumer products companies
whose products relate to health, wellness, diet, fitness, lifestyle, and illness
prevention.





We
believe that we are well positioned to benefit from the expected trend toward
increased online advertising spending by health and lifestyle businesses
because, if our business develops as planned, we will provide access to a highly
specific audience for advertisers and sponsors to target.  If
possible, we will provide a means by which advertisers can gauge the
effectiveness of their online marketing campaigns and programs through objective
statistical reports that detail the number of visitors to their sponsored area
and the type of actions taken by these visitors.





Sales
and Distribution Strategy





Our goal
is for our websites to become a leading source of alternative healthcare
information in the online healthcare information marketplace. In order to
achieve our goal, we intend to increase




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awareness
of our Product with potential customers, who we anticipate will be people with
specific illnesses as well as their friends and families. We plan to promote the
“Healing Naturally” brand through relationships with other Internet media and
wellness companies and through advertising and promotion.   We
intend to devote significant resources to establishing a sponsorship base for
our Site and for “Healing Naturally” generally. Specifically, we intend to do
the following:





§
            Develop
      relationships with sponsors interested in adding content, participating in
      forums, and using our portals to market their products and
      services.





§
            Contract
      with affiliates – most likely other websites which sell products and
      services – to share revenue from sales referred through our
      portals.





§
            Add
      an interactive forum to the
website.





§
            Add
      additional content on a regular basis and increase the number of web
      pages, which should drive traffic and increased revenue from
      advertisers.





§
            Enhance
      our tracking of visits, page views and other usage
  data.





§
            Engage
      a website optimization consultant to improve our ranking on Google and
      other search engines.





Intellectual
Property Protection





We intend
to aggressively assert our rights under trademark and copyright laws to protect
our intellectual property, including products and technologies, product research
and concepts, and recognized trademarks. These rights are protected through the
acquisition of copyright and trademark registrations, the maintenance of trade
secrets, and, where appropriate, litigation against those who are, in our
opinion, infringing these rights.





We are
currently consulting with law firms to protect our brand name and product
design. While there can be no assurance that registered trademarks will protect
our proprietary information, we intend to assert our intellectual property
rights against any infringer. Although any assertion of our rights can result in
a substantial cost to, and diversion of effort by, our company, management
believes that the protection of our intellectual property rights is a key
component of our operating strategy.





Sales
Personnel





We do not
currently employ any sales personnel. In the short term, we intend to use the
services of our management to sell our Product.  In the event we hire
sales personnel, we do not intend to do so in the next twelve months unless our
revenues are enough to absorb the cost of these personnel.




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Expenses





We
estimate the costs to implement our business strategy over the following twelve
months to be:





§
            Travel
      and Related expenses, which will consist primarily of our executive
      officers and directors visiting food merchants and resellers in their
      sales efforts. We estimate travel and related expenses for the next twelve
      months will be approximately
$4,000;





§
            Initial
      Marketing, which will consist of the marketing efforts discussed above,
      including direct marketing and attendance at trade shows. We estimate
      initial marketing expenses for the next twelve months will be
      approximately $2,000





§
            Research
      and Development costs consist of developing and testing our Site. We
      estimate that research and development costs for the next twelve months
      will be approximately $5,000





§
            Office
      rent of $6,000





§
            Internet
      and telephone expenses of $900





§
            Management
      fees to Barbara Lamb of $1,680





We intend
to obtain business capital through the use of private equity fundraising or
shareholders loans. We anticipate that, in time, the primary source of revenues
for our business model will be advertising and third party and affiliate
revenue.





Significant
Equipment





We do not
intend to purchase any significant equipment for the next twelve
months.





Results
of Operations for the Three Months Ended May 31, 2008 and 2007, for the Six
Months Ended May 31, 2008, and for the Period from December 13, 2006 (Date of
Inception) until May 31, 2008 and 2007
 
 We
have recognized no revenue for the period from December 13, 2006 (Date of
Inception) until May 31, 2008. However, we have generated a small but increasing
amount of advertising revenue as our marketing and promotion takes effect. 
Google advises that to date we have generated nominal revenues, however amounts
generated are not considered by Google to be payable to Wishart until they total
$100 or more.  As such, these nominal amounts are not reflected in our
financials.





Our
operating expenses were $21,259 for the three months ended May 31, 2008 as
compared with $6,358 for the three months ended May 31, 2007.  The
increase in operating expenses for the three months ended May 31, 2008 compared
with the same period ended 2007 is primarily related to $10,727 more in general
and administrative costs, and $7,640 more in professional fees.




8
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Our
operating expenses were $35,469 for the six months ended May 31, 2008, $8,149
for the period from December 13, 2006 (Inception) to May 31, 2007, and $61,751
for the period from December 13, 2006 (Inception) to May 31, 2007. Our operating
expenses for the six months ended May 31, 2008 were primarily related to general
and administrative costs in the amount of $11,871, professional fees in the
amount of $18,962, and rent and utilities in the amount of
$3,277.  Our operating expenses for the period from December 13, 20067
(Inception) to May 31, 2007 were primarily related to travel, meals and
entertainment in the amount of $3,116, general and administrative costs in the
amount of $1,354, professional fees in the amount of $18,962, and rent and
utilities in the amount of $2,402.  Our operating expenses for the
period from December 13, 2006 (Inception) to May 31, 2008 were primarily related
to general and administrative costs in the amount of $14,094, professional fees
in the amount of $25,912, rent and utilities in the amount of $8,879, travel,
meals and entertainment in the amount of $5,633, and website costs of
$4,394.





We,
therefore, recorded a net loss of $21,259 for the three months ended May 31,
2008, $6,358 for the three months ended May 31, 2007, $35,469 for the six months
ended May 31, 2008, $8,149 for the period from December 13, 2006 (Inception) to
May 31, 2007, and $61,751 for the period from December 13, 2006 to May 31,
2008.





We
anticipate our operating expenses will increase as we implement our business
plan. The increase will be attributable to expenses to implement our business
plan, and the professional fees to be incurred in connection with becoming a
reporting company under the Securities Exchange Act of 1934.





Liquidity
and Capital Resources





As of May
31, 2008, we had total current assets of $18,893, consisting entirely of cash.
We had current liabilities in the amount of $20,580 as of May 31, 2008. Thus, we
have a working capital deficit of $1,687 as of May 31, 2008.





Operating
activities used $40,593 in cash for the period from December 13, 2006 (Date of
Inception) until May 31, 2008. Our net loss of $61,751 was the primary reason
for our negative operating cash, offset primarily by an increase in accounts
payable of $20,580. Financing activities during the period from December 13,
2006 (Date of Inception) until May 31, 2008 generated $61,200 in cash during the
period.





As set
out above, we expect to spend approximately $19,580 to implement our business
plan over the coming year. Our accounting, legal and administrative expenses for
the next twelve months are anticipated to be $30,000.   As of May
31, 2008, we had $18,893 in cash.





As of May
31, 2008, we have insufficient cash to operate our business at the current level
for the next twelve months and insufficient cash to achieve our business goals.
The success of our business plan beyond the next 12 months is contingent upon us
obtaining additional financing. We intend to fund operations through debt and/or
equity financing arrangements, which may be insufficient to fund our capital
expenditures, working capital, or other cash requirements. We do not have any
formal commitments or arrangements for the sales of stock or the advancement or
loan of funds at this time. There can be no assurance that such additional
financing will be available to us on acceptable terms, or at all.




9
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Going
Concern





We have
recurring losses and has a deficit accumulated during the development stage of
$61,751 as of May 31, 2008.  Our financial statements are prepared
using the generally accepted accounting principles applicable to a going
concern, which contemplates the realization of assets and liquidation of
liabilities in the normal course of business.  However, we have no
current source of revenue. Without realization of additional capital, it would
be unlikely for us to continue as a going concern.  Our management
plans on raising cash from public or private debt or equity financing, on an as
needed basis and in the longer term, and, ultimately, upon achieving profitable
operations through the development of business activities.





Off
Balance Sheet Arrangements





As of May
31, 2008, there were no off balance sheet arrangements.





Item3.     Quantitative and Qualitative
Disclosures About Market Risk





A smaller
reporting company is not required to provide the information required by this
Item.





Item4T.     Controls and
Procedures





We
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of May 31, 2008.  This evaluation was
carried out under the supervision and with the participation of our Chief
Executive Officer and our Chief Financial Officer, Barbara
Lamb.  Based upon that evaluation, our Chief Executive Officer and
Chief Financial Officer concluded that, as of May 31, 2008, our disclosure
controls and procedures are effective.  There have been no changes in
our internal controls over financial reporting during the quarter ended May 31,
2008.





Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act are recorded, processed, summarized and
reported, within the time periods specified in the SEC's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure.





Limitations on the
Effectiveness of Internal Controls





Our
management does not expect that our disclosure controls and procedures or our
internal control over financial reporting will necessarily prevent all fraud and
material error. Our disclosure controls and procedures are designed to provide
reasonable assurance of achieving our objectives and our Chief Executive Officer
and Chief Financial Officer concluded that our disclosure controls and
procedures are effective at that reasonable assurance level.  Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected. These inherent
limitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of the
internal control. The design of any system of controls also is based in part
upon certain assumptions about the likelihood of future events, and there can be
no assurance that any design will succeed in achieving its stated goals under
all potential future conditions. Over time, control may become inadequate
because of changes in conditions, or the degree of compliance with the policies
or procedures may deteriorate.





10
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PART
II – OTHER INFORMATION





Item1.     Legal Proceedings





We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.





Item1A:  Risk Factors





A smaller
reporting company is not required to provide the information required by this
Item.





Item2.     Unregistered Sales of Equity
Securities and Use of Proceeds





None





Item3.     Defaults upon Senior
Securities





None





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





No
matters have been submitted to our security holders for a vote, through the
solicitation of proxies or otherwise, during the quarterly period ended May 31,
2008.





Item5.     Other Information





None




Item6.      Exhibits





ExhibitNumber
            Description
      of Exhibit31.1
            Certification of Chief Executive Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200231.2
            Certification of Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200232.1
            Certification of Chief Executive Officer and Chief
      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
      to Section 906 of the Sarbanes-Oxley Act of
  2002





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SIGNATURES





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





Wishart
      Enterprises LimitedDate:
            July
      14, 2008By:       /s/ Barbara
      Lamb
              Barbara
      Lamb
              Title:Chief
      Executive Officer and
Director