U.S.
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q  Quarterly Report under Section 13 or 15(d) of The
Securities Act of 1934  For the
quarterly period ended September 30, 2008  Commission File Number 333-135037  ALDAR GROUP, INC. (Exact
name of registrant as specified in its charter)  Nevada
                     20-1379559 (State
of
                    (IRS
Employer Incorporation)
            (ID
Number)   7230
Indian Creek Lane, Suite 201, las Vegas, NV 89149 Telephone:  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 small reporting compamy.  See the definitions
of large accelerated filer, 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 October 31,
2008, the registrant had 4,533,000 shares of common stock, $0.001 par value,
issued and outstanding.     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      ALDAR
GROUP, INC. (A
Development Stage Company)  BALANCE
SHEETS  September 30,

June 30,2008


2008ASSETSCurrent
Assets:Cash
$
186

$
470Accounts
receivable (Note 9)

6,458


6,459Prepaid
expenses

430


645Total current
assets

7,074


7,574Property and
Equipment (Note 2):Horses

12,500


34,512Office
furniture

2,200


2,200Total property
and equipment

14,700


36,712Less:
 Accumulated depreciation

(5,252)


(15,863)Net property
and equipment

9,448


20,849Other
Assets:

5,750


6,071Stallion
syndicates, net of accumulated amortization (Note 2)Total
Assets
$
22,272

$
34,494LIABILITIES AND STOCKHOLDERS DEFICITCurrent
Liabilities:Accounts
payable - trade
$
29,474

$
45,475Accounts
payable - related party (Note 3)

71,804


49,193Notes
payable - related party (Note 3)

7,040


6,715Total current
liabilities

108,318


101,383Long-term
Liabilities:Notes
payable - related parties (Note 3)

20,000


20,000Total
liabilities

128,318


121,383Stockholders
Deficit (Note 4):Common
stock, $.001 share par value, 75,000,000 sharesauthorized,
4,533,000 and 4,533,000 shares issued andoutstanding
at September 30, 2008 and June 30, 2008

4,533


4,533Additional
paid-in capital

238,977


238,977Deficit
accumulated during the development stage

(349,556)


(330,399)Total
stockholders deficit

(106,046)


(86,889)Total
Liabilities and Stockholders Deficit
$
22,272

$
34,494See notes to audited financial
statements 2  3     ALDAR
GROUP, INC. (A
Development Stage Company)  STATEMENTS
OF OPERATIONS  July 15,2004Three months


Three months


(Inception)Ended


Ended


toSeptember 30,

September 30,

September 30,2008


2007


2008IncomeRace winnings
$
1,518

$
7,999

$
12,507Breeding sales

-


-


6,200Total Income

1,518


7,999


18,707Operating ExpensesBoarding fees

3,923


9,127


70,055Training fees

1,820


4,672


19,750Depreciation & amortization

1,195


2,060


21,132Breeding fees

-


-


4,500Consulting expense - related
party

2,103


7,983


108,750Consulting expense - other

-


-


27,397Other general and administrative
expenses

7,448


8,619


117,291Total Operating Expenses

16,489


32,461


368,875Other Income (Expenses)Interest expense - related party

(325)


-


(540)Loss on sale of assets (Note 2)

(3,861)


-


(4,216)Insurance proceeds (Note 9)

-


-


5,000Other income

-


-


368Total Other Income (Expenses)

(4,186)


-


612Net Loss Before Provision forIncome Taxes

(19,157)


(24,462)


(349,556)Provision for Income Taxes

-


-


-Net Loss
$
(19,157)

$
(24,462)

$
(349,556)Net Loss Per Basic and Diluted Share
$
(0.00)

$
(0.01)Weighted Average Number of CommonShares Outstanding

4,533,000


4,438,056    See
notes to audited financial statements 3  4     ALDAR
GROUP, INC. (A
Development Stage Company)  STATEMENT
OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT)   DeficitAccumulatedAdditional


DuringNumber


Common


Paid-In


Developmentof
Shares


Stock


Capital


Stage


TotalBalance at July 15,
2004(Date of Inception)
-

$
-

$
-

$
-

$
-Common Stock:Shares issued for
cash
1,000,000


1,000


-


-


1,000Shares issued for
services
10,000


10


-


-


10Net Loss
-


-


-


(26,944)


(26,944)Balance, June 30,
2005
1,010,000


1,010


-


(26,944)


(25,934)Common Stock:Shares issued for
cash
1,050,000


1,050


103,950


-


105,000Stock dividend
1,260,000


1,260


(1,260)


-


-Net Loss
-


-


-


(68,843)


(68,843)Balance, June 30,
2006
3,320,000


3,320


102,690


(95,787)


10,223Common Stock:Shares issued for
cash
1,105,000


1,105


109,395


-


110,500Net Loss
-


-


-


(132,458)


(132,458)Balance, June 30,
2007
4,425,000


4,425


212,085


(228,245)


(11,735)Common Stock:Shares issued for
cash
108,000


108


26,892


-


27,000Net Loss
-


-


-


(102,154)


(102,154)Balance, June 30,
2008
4,533,000

$
4,533

$
238,977

$
(330,399)

$
(86,889)Net Loss
-


-


-


(19,157)


(19,157)Balance, September 30,
2008
4,533,000

$
4,533

$
238,977

$
(349,556)

$
(106,046)  See
notes to audited financial statements  4   5     ALDAR
GROUP, INC. (A
Development Stage Company) STATEMENTS
OF CASH FLOWS  Three months


Three months


2004
(Inception)Ended


Ended


toSeptember 30,

September 30,

September 30,2008


2007


2008Cash Flows from Operating Activities:Net loss


(19,157)

$
(24,462)

$
(349,556)Adjustments to reconcile net loss to net
cashused in operating activities:Depreciation and
amortization


1,195


2,139


21,132Loss on sale of assets


3,861


-


4,216Common stock issued for
services





-


10Changes in operating assets and liabilities:(Increase) decrease in:Accounts receivable


-


(2,720)


(6,459)Prepaid expenses


215


574


(430)Deposits


-


-


-Increase (decrease) in:Notes payable, accrued
interest - related party

325


-


540Accounts payable


(16,001)


2,126


29,474Accounts payable - related
party


22,610


3,768


70,303Net Cash Used in Operating Activities


(6,952)


(18,575)


(230,770)Cash Flows from Investing Activities:Purchase of horses and stallion
syndicates


-


-


(49,012)Proceeds from sale of assets


6,668


-


10,668Purchase of office furniture


-


-


(2,200)Net Cash Provided by (Used in) Investing
Activities


6,668


-


(40,544)Cash Flows from Financing Activities:Proceeds from sale of common stock


-


25,000


243,500Proceeds from related party notes
payable


-


-


40,500Payments on related party notes
payable


-


-


(12,500)Net Cash Provided by Financing
Activities

-


25,000


271,500Net (Decrease) Increase in Cash


(284)


6,425


186Cash, Beginning of the Period


470


710


-Cash, End of the Period

$
186

$
7,135

$
186Supplemental 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 audited financial statements 5  6     ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO UNAUDITED
FINANCIAL STATEMENTS For the three months
ended September 30, 2008 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 Companies.  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 (see 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 (see Note 2).  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 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 (see 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. (continued) 6  7     ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) For the three months
ended September 30, 2008 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 Contractes  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 recongnition 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. (continued) 7  8     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. (continued) 8  9     ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) For the three months
ended September 30, 2008 and the Period of
July 15, 2004 (Inception) to September 30, 2008   NOTE
2: Property
and Equipment, Stallion Syndicates September
30


June
30,2008


2008Property and equipment is
summarized as follows:Property and
equipment:Horses
$
12,500

$
34,512Office furniture

2,200


2,200Total property and
equipment

14,700


36,712Accumulated
depreciation:Horses

4,613


15,303Office furniture

639


560Total property and
equipment

5,252


15,863Net property and equipment
$
9,448

$
20,849Stallion syndicates
are summarized as follows:Stallion syndicates
$
9,000

$
9,000Accumulated amortization

(3,250)


(2,929)Net stallion syndicates
$
5,750

$
6,071  Horse
depreciation of $1,686 and $1,881 and stallion syndicate amortization of $321
and $179 are included in operating expenses in the statement of operations for
the three months ended September 30, 2008 and 2007, respectively, while office
furniture depreciation of $79 and $79 is included in general and administrative
expenses for the three months ended September 30, 2008 and 2007, respectively.
 No additional impairment beyond straight-line amortization on the stallion
syndicates was noted for the periods ended September 30, 2008 and 2007.  On September 30,
2008, the Company sold one of its horses to an unrelated party to settle debt of
$5,000.  The horse had a historical cost of $12,500 and net book value of
$7,887 at the time of the sale, resulting in a loss on the sale of $2,887.  In September 2008,
the Company sold one of its horses to an unrelated party to settle debt of
$1,668.  The horse had a historical cost of $9,512 and net book value of
$2,642 at the time of the sale, resulting in a loss on the sale of $974.   (continued) 9  10       ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) Three months ended
September 30, 2008 and the Period of
July 15, 2004 (Inception) to September 30, 2008  NOTE
3: Related
Party 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 services agreement, the Company has been charged
service-specific fees by the Affiliate on an as needed basis.   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, resulting in an outstanding balance of $1,500 at June 30,
2008 and 2007.  Interest has not been imputed on the notes due to their
nominal amounts.  In
February and March 2008, the Company entered into notes payable totaling $20,000
with two stockholders.  The notes bear 7% annual interest (which will start
accruing in July 2008) and are due in February and March 2011.  No
principal payments had been made as of September 30, 2008  On
March 27, 2008, the Company entered into a demand promissory note with the
Companys 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 is secured against the Companys
one-third ownership interest in Russian, a three year old racing filly.
 Interest in the amount of $215 has been accrued for the year ended June
30, 2008.  Interest in the amount of $325 has been accrued for the three
months ended September 30, 2008.  Subsequently, Russian was sold and the
debt will be converted to an unsecured note payable to the Companys
President.  The
Affiliate leased office space in behalf of the Company at $400 per month during
the period of November 2005 through March 2008, and as of June 30, 2008 and 2007
the Company owed the Affiliate for these lease payments (see Note 8).  The
Affiliate regularly incurs expenses in behalf of the Company in the normal
course of business.  Activity with the Affiliate is summarized as
follows:  Payable
to Affiliate July 15, 2004 (Inception) $ -Consulting
fees  26,250 Operating
expenses incurred in behalf of the Company 809Amounts
paid to Affiliate (609)
Payable to Affiliate June 30, 2005 26,450  (continued) 10  ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) Three months ended
September 30, 2008 and the Period of
July 15, 2004 (Inception) to September 30, 2008  NOTE
3: Related
Party Transactions (continued)  Consulting
fees $ 30,000Lease
expense.. 3,300 Proceeds
from notes payable 14,000 Operating
expenses incurred in behalf of the Company 11,327Amounts
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 16,640Amounts
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 8,937Amounts
paid to Affiliate (20,426) Payable
to Affiliate June 30, 2008 49,193  Operating
expenses incurred in behalf of the Company 22,660Amounts
paid to Affiliate (49) Payable
to Affiliate September 30, 2008 $ 71,804  NOTE
4: Stockholders
Equity and Equity Transactions  From
the date of inception, July 15, 2004, through June 30, 2008 the Company had the
following equity transactions:  On
July 16, 2004, the Company issued 175,000 shares of common stock at $.001 par
value for $175 in cash.  On
July 22, 2004, the Company issued 175,000 shares of common stock at $.001 par
value for $175 in cash.  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
November 4, 2004, the Company issued 650,000 shares of common stock at $.001 par
value for $650 in cash.  On
December 19, 2005, the Company issued 150,000 shares of common stock at a price
of $.10 per share for $15,000.  (continued) 11  11     ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) Three months ended
September 30, 2008 and the Period of
July 15, 2004 (Inception) to September 30, 2008  NOTE
4: Stockholders
Equity and Equity Transactions (continued)  On
December 31, 2005, the Company issued 50,000 shares of common stock at a price
of $.10 per share for $5,000.  On
December 31, 2005, the Company issued 50,000 shares of common stock at a price
of $.10 per share for $5,000.  On
March 3, 2006, the Company issued 20,000 shares of common stock at a price of
$.10 per share for $2,000.  On
April 17, 2006, the Company issued 150,000 shares of common stock at a price of
$.10 per share for $15,000.  On
May 8, 2006, the Company issued 30,000 shares of common stock at a price of $.10
per share for $3,000.  On
June 23, 2006, the Company issued 300,000 shares of common stock at a price of
$.10 per share for $30,000.  On
June 23, 2006, the Company issued 300,000 shares of common stock at a price of
$.10 per share for $30,000.  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.  On
August 11, 2006, the Company issued 5,000 shares of common stock at a price of
$.10 per share for $500.  On
August 18, 2006, the Company issued 150,000 shares of common stock at a price of
$.10 per share for $15,000.  On
August 18, 2006, the Company issued 150,000 shares of common stock at a price of
$.10 per share for $15,000.  On
August 18, 2006, the Company issued 5,000 shares of common stock at a price of
$.10 per share for $500.  On
September 18, 2006, the Company issued 5,000 shares of common stock at a price
of $.10 per share for $500.  On
September 18, 2006, the Company issued 5,000 shares of common stock at a price
of $.10 per share for $500.    (continued) 12  12     ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO AUDITED
FINANCIAL STATEMENTS (continued) June 30, 2008 and
2007 and the Period of
July 15, 2004 (Inception) to June 30, 2008  NOTE
4: Stockholders
Equity and Equity Transactions (continued)  On
September 18, 2006, the Company issued 5,000 shares of common stock at a price
of $.10 per share for $500.  On
September 19, 2006, the Company issued 20,000 shares of common stock at a price
of $.10 per share for $2,000.  On
September 19, 2006, the Company issued 20,000 shares of common stock at a price
of $.10 per share for $2,000.  On
October 24, 2006, the Company issued 10,000 shares of common stock at a price of
$.10 per share for $1,000.  On
November 20, 2006, the Company issued 25,000 shares of common stock at a price
of $.10 per share for $2,500.  On
February 8, 2007, the Company issued 10,000 shares of common stock at a price of
$.10 per share for $1,000.  On
February 8, 2007, the Company issued 25,000 shares of common stock at a price of
$.10 per share for $2,500.  On
February 8, 2007, the Company issued 25,000 shares of common stock at a price of
$.10 per share for $2,500.  On
February 8, 2007, the Company issued 450,000 shares of common stock at a price
of $.10 per share for $45,000.  On
February 8, 2007, the Company issued 5,000 shares of common stock at a price of
$.10 per share for $500.  On
February 8, 2007, the Company issued 100,000 shares of common stock at a price
of $.10 per share for $10,000.  On
February 22, 2007, the Company issued 10,000 shares of common stock at a price
of $.10 per share for $1,000.  On
February 22, 2007, the Company issued 5,000 shares of common stock at a price of
$.10 per share for $500.  On
February 22, 2007, the Company issued 10,000 shares of common stock at a price
of $.10 per share for $1,000.  On
May 1, 2007, the Company issued 65,000 shares of common stock at a price of $.10
per share for $6,500. (continued) 13  13     ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) Three months ended
September 30, 2008 and the Period of
July 15, 2004 (Inception) to September 30, 2008  NOTE
4: Stockholders
Equity and Equity Transactions (continued)  On
August 14, 2007, the Company issued 100,000 shares of common stock at a price of
$.25 per share for $25,000.  On
February 13, 2008, the Company issued 8,000 shares of common stock at a price of
$.25 per share for $2,000.  The
above issuances resulted in 4,533,000 shares issued and outstanding at September
30, 2008 and June 30, 2008, respectively.   NOTE
5: Income
Taxes (continued)  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 $349,556 will begin to expire
in 2024. Accordingly, deferred tax assets of approximately $116,000 were offset
by a valuation allowance, which increased by approximately $6,500 and $8,000
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
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.  (continued) 14  14     ALDAR GROUP,
INC. (A Development Stage
Company) NOTES TO UNAUDITED
FINANCIAL STATEMENTS (continued) Three months ended
September 30, 2008 and the Period of
July 15, 2004 (Inception) to September 30, 2008  NOTE
7: Subsequent
Events  On October 2, 2008, the Company sold its interest in one of its
stallion syndicates for $4,500.  NOTE
8: Operating
Leases  As
described at Note 3, the Company has entered into an agreement with an affiliate
whereby the Company leases office space located in Las Vegas, Nevada.  The
term of the agreement is one year, commencing April 1, 2007, and requires
monthly lease payments of $400 and a refundable security deposit of $1,200.
 In the year ended June 30, 2008, the security deposit was applied to rent
owing.  The lease was not renewed for another term.  Rent expense with
the affiliate for the years ended June 30, 2008 and 2007 totaled $3,600 and
$4,800, respectively, all of which is still owed to the affiliate.  NOTE 9: Revenue Recognition and Other Income  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.   (concluded) 15    15     ITEM 2.  MANAGEMENTS
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS  The following plan of
operation should be read in conjunction with our financial statements and the
notes thereto included elsewhere in this annual 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 $17,189 since inception and have incurred $352,956
in 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: 9/30/08  Cash $ Total
assets $ Total
liabilities $ Stockholders'
deficit $   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 annual report.
The minimum of $150,000 is required for operating expenses, training and 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,  16     training, sales
preparation and $95,000 in additional overheads for purchases and/or racing 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 the second
quarter of 2008 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 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. Management
attended and competitively bid on 1-4 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.
 We had planned on re-breeding Baby Alice to Cahill Road, but were able to
breed Baby Alice to Matty G a highly sought 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 Lane, and her foal
privately prior to the  Washington Thoroughbred Breeders Association (WBTA)
auction scheduled for December 3, 2008. Aldar will receive State of Washington
revenue bonuss 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).  17     Revenues  The Company has
recorded $17,189 in revenues from operations as of 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 purposes. The mares and
their foals were for breeding purposes and possible racing or re-sale, as were
the Stallion syndicate shares. 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.  The other broodmare and its foal are being
held for sale anticipated in December 2008. 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 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
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, and other general administrative expenses totaled $123,765
for the quarter ended September 30, 2008.  Since inception through
September 30, 2008, we have incurred operating expenses totaling $352,386 Income Taxes The
Company does not anticipate having to pay income taxes in the upcoming years due
to our absence of net profits. Capital and
Liquidity As
of September 30, 2008, we had total current assets of $7,574, and total current
liabilities of $101,383. During
the years ended September 30, 2008, the Company received $27,000, 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.  18     We
had cash on hand of $470 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.  ITEM 4.  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 the 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 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     19     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.          November
19, 2008  Aldar
Group, Inc.  By: /s/
Kevin Murphy Kevin
M. Murphy, President (principal executive
officer)