**AMENDED      FORM 10-QSB/A**

**August      30, 2007**

**COMMISSION      FILE NUMBER **
**000-51376**

| **RANCHO                  SANTA MONICA DEVELOPMENTS INC.**                                          |
|-----------------------------------------------------------------------------------------------------|
| (Exact                  name of small business issuer as specified in its                  charter) |

| **NEVADA**                                                                    |   | **83-0414306**                                   |
|-------------------------------------------------------------------------------|--------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (IRS                Employer Identification No.) |
|                                                                          |   |                                             |
| **3104                Sunnyhurst Road**                                       |   |                                             |
| **North                Vancouver, BC, Canada V7K 2G3**                        |   |                                             |
| (Address                of principal executive offices)                       |   |                                             |
|                                                                          |   |                                             |
| **(604)                537-5905**                                             |   |                                             |
| Issuer's                telephone number                                      |   |                                             |

| **Not                Applicable**                                                                                |
|------------------------------------------------------------------------------------------------------------------|
| (Former                name, former address and former fiscal year, if changed since last                report) |

**Yes**
**x**

**No**
**x**

**As      of October 11th, 2007, the Issuer had 7,791,542 Shares of Common Stock      outstanding. **

**No x**

----

**PART      I - FINANCIAL INFORMATION**

**ITEM      1.**
**FINANCIAL      STATEMENTS.**

----

**RANCHO        SANTA MONICA DEVELOPMENTS INC.**

**FINANCIAL        STATEMENTS**

**August        31, 2007**

**(Unaudited)**

----

**RANCHO      SANTA MONICA DEVELOPMENTS, INC.**

|                                                                                                                                                                                     |   | August                  31,         |     | November                  30,  |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|----------|--------------------------------|--------|
|                                                                                                                                                                                     |   | 2007                                |     | 2006                           |   |
|                                                                                                                                                                                     |   |                    (Unaudited) |     |                      |   |
| CURRENT                  ASSETS                                                                                                                                                          |   |                                |     |                           |   |   |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| Cash                                                                                                                                                                                     |   | $                                   | 590      |                           | $      | 8,761 |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| Total                  Current Assets                                                                                                                                                    |   |                                | 590      |                           |   | 8,761 |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| PROPERTY                  AND EQUIPMENT, NET                                                                                                                                             |   |                                | 305,928  |                           |   | 176,897 |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| TOTAL                  ASSETS                                                                                                                                                            |   | $                                   | 306,518  |                           | $      | 185,658 |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                                                                    |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| CURRENT                  LIABILITIES                                                                                                                                                     |   |                                |     |                           |   |   |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| Accounts                  payable and accrued liabilities                                                                                                                                |   | $                                   | 28,983   |                           | $      | 23,996 |   |
| Due                  to related parties                                                                                                                                                  |   |                                | 118,385  |                           |   | 14,000 |   |
| Stock                  subscription payable                                                                                                                                              |   |                                | -        |                           |   | 68,043 |   |
| Notes                  payable                                                                                                                                                           |   |                                | 50,000   |                           |   | 50,000 |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| Total                  Current Liabilities                                                                                                                                               |   |                                | 197,368  |                           |   | 156,039 |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| NOTES                  PAYABLE                                                                                                                                                           |   |                                | -        |                           |   | - |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| STOCKHOLDERS'                  EQUITY                                                                                                                                                    |   |                                |     |                           |   |   |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| Preferred                  stock; 100,000,000 shares authorized at $0.0001 par value, no shares                  issued or outstanding                                                   |   |                                | -        |                           |   | - |   |
| Common                  stock; 100,000,000 shares authorized at $0.0001 par value, 7,791,542                  and                  7,751,999 shares issued and outstanding, respectively |   |                                | 7,791    |                           |   | 7,751 |   |
| Additional                  paid-in capital                                                                                                                                              |   |                                | 213,453  |                           |   | 136,454 |   |
| Currency                  translation adjustment                                                                                                                                         |   |                                | (4,835   | )                              |   | (1,400 | ) |
| Accumulated                  deficit                                                                                                                                                     |   |                                | (107,259 | )                              |   | (113,186 | ) |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| Total                  Stockholders' Equity                                                                                                                                              |   |                                | 109,150  |                           |   | 29,619 |   |
|                                                                                                                                                                                     |   |                                |     |                           |   |   |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                              |   | $                                   | 306,518  |                           | $      | 185,658 |   |

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

----

**RANCHO      SANTA MONICA DEVELOPMENTS, INC.**

|                                                                                                |   | For                the Three Months Ended |      | For                the Nine Months Ended |   |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------------------|-----------|------------------------------------------|--------|
|                                                                                                |   | August                31,                 |      | August                31,                |   |
|                                                                                                |   | 2007                                      |      | 2006                                     |   | 2007 |   | 2006 |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |
| REVENUES                                                                                            |   | $                                         | 33,111    |                                     | $      | - |   | $ | 41,211 |   | $ | - |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| OPERATING                EXPENSES                                                                   |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| General                and administrative                                                           |   |                                      | 18,435    |                                     |   | 1,340 |   |   | 29,726 |   |   | 9,511 |   |
| Professional                fees                                                                    |   |                                      | 488       |                                     |   | 750 |   |   | 3,738 |   |   | 8,300 |   |
| Depreciation                expense                                                                 |   |                                      | 1,820     |                                     |   | - |   |   | 1,820 |   |   | - |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| Total                Operating Expenses                                                             |   |                                      | 20,743    |                                     |   | 2,090 |   |   | 35,284 |   |   | 17,811 |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| INCOME                (LOSS) FROM OPERATIONS                                                        |   |                                      | 12,368    |                                     |   | (2,090 | ) |   | 5,927 |   |   | (17,811 | ) |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| OTHER                INCOME (EXPENSE)                                                               |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| Interest                expense                                                                     |   |                                      | -         |                                     |   | - |   |   | - |   |   | - |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| Total                Other Income (Expense)                                                         |   |                                      | -         |                                     |   | - |   |   | - |   |   | - |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| NET                INCOME (LOSS)                                                                    |   | $                                         | 12,368    |                                     | $      | (2,090 | ) | $ | 5,927 |   | $ | (17,811 | ) |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| CURRENCY                TRANSLATION ADJUSTMENT                                                      |   |                                      | (3,435    | )                                        |   | - |   |   | (3,435 | ) |   | - |   |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| COMPREHENSIVE                NET INCOME (LOSS)                                                      |   | $                                         | 8,933     |                                     | $      | (2,090 | ) | $ | 2,492 |   | $ | (17,811 | ) |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| BASIC                INCOME (LOSS) PER SHARE                                                        |   | $                                         | 0.00      |                                     | $      | (0.00 | ) | $ | 0.00 |   | $ | (0.00 | ) |
|                                                                                                |   |                                      |      |                                     |   |   |   |   |   |   |   |   |   |
| WEIGHTED                      AVERAGE NUMBER OF COMMON SHARES                      OUTSTANDING |   |                                      | 7,791,542 |                                     |   | 7,723,499 |   |   | 7,791,542 |   |   | 7,723,499 |   |

----

**RANCHO      SANTA MONICA DEVELOPMENTS, INC.**

|                                                                     |   |              |      | Additional |   | Stock        |   | Other         |    |        |   |    |   |
|--------------------------------------------------------------------------|--------|-------------------|-----------|------------|--------|--------------|--------|---------------|---------|-------------|--------|---------|--------|
|                                                                     |   | Common Stock |      | Paid-In    |   | Subscription |   | Comprehensive |    | Accumulated |   |    |   |
|                                                                     |   | Shares            |      | Amount     |   | Capital      |   | Receivable    |    | Income      |   | Deficit |   | Total |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |
| Balance,                  November 30, 2004                              |   |              | 7,564,332 |       | $      | 7,564        |   | $             | 103,366 |        | $      | (3,000  | )      | $ | - |   | $ | (40,107 | ) | $ | 67,823 |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Stock                  subscriptions received                            |   |              | -         |       |   | -            |   |          | -       |        |   | 3,000   |   |   | - |   |   | - |   |   | 3,000 |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the year ended November 30, 2005 |   |              | -         |       |   | -            |   |          | -       |        |   | -       |   |   | - |   |   | (54,262 | ) |   | (54,262 | ) |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Balance,                  November 30, 2005                              |   |              | 7,564,332 |       |   | 7,564        |   |          | 103,366 |        |   | -       |   |   | - |   |   | (94,369 | ) |   | 16,561 |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Shares                  issued for cash at $0.03 per share               |   |              | 159,167   |       |   | 159          |   |          | 4,616   |        |   | -       |   |   | - |   |   | - |   |   | 4,775 |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Shares                  issued for cash at $1.00 per share               |   |              | 28,500    |       |   | 28           |   |          | 28,472  |        |   | -       |   |   | - |   |   | - |   |   | 28,500 |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the year ended November 30, 2006 |   |              | -         |       |   | -            |   |          | -       |        |   | -       |   |   | (1,400 | ) |   | (18,817 | ) |   | (20,217 | ) |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Balance,                  November 30, 2006                              |   |              | 7,751,999 |       |   | 7,751        |   |          | 136,454 |        |   | -       |   |   | (1,400 | ) |   | (113,186 | ) |   | 29,619 |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Shares                  issued for cash at $2.00 per share               |   |              | 39,543    |       |   | 40           |   |          | 76,999  |        |   | -       |   |   | - |   |   | - |   |   | 77,039 |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the nine months ended August 31, 2007      |   |              | -         |       |   | -            |   |          | -       |        |   | -       |   |   | (3,435 | ) |   | 5,927 |   |   | 2,492 |   |
|                                                                     |   |              |      |       |   |         |   |          |    |        |   |    |   |   |   |   |   |   |   |   |   |   |
| Balance,                  August 31, 2007                                |   |              | 7,791,542 |       | $      | 7,791        |   | $             | 213,453 |        | $      | -       |   | $ | (4,835 | ) | $ | (107,259 | ) | $ | 109,150 |   |

----

**RANCHO      SANTA MONICA DEVELOPMENTS, INC.**

|                                                                                                          |   | For                  the Nine Months Ended |     |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|----------|
|                                                                                                          |   | August                  31,                |     |
|                                                                                                          |   | 2007                                       |     | 2006 |   |
|                                                                                                          |   |                                  |     |                      |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                                                         |   |                                       |     |   |   |   |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| Net                  income (loss)                                                                            |   | $                                          | 5,927    |   | $ | (17,811 | ) |
| Adjustments                  to reconcile net loss to net cash used by operating                  activities: |   |                                       |     |   |   |   |   |
| Currency                  translation adjustment                                                              |   |                                       | (3,435   | ) |   | - |   |
| Depreciation                                                                                                  |   |                                       | 1,820    |   |   | - |   |
| Changes                  in operating assets and liabilities:                                                 |   |                                       |     |   |   |   |   |
| Change                  in accounts payable                                                                   |   |                                       | 4,987    |   |   | 11,031 |   |
| Changes                  in amounts due to related parties                                                    |   |                                       | 104,385  |   |   | 1,200 |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| Net                  Cash Used by Operating Activities                                                        |   |                                       | 113,684  |   |   | (5,580 | ) |
|                                                                                                          |   |                                       |     |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES                                                         |   |                                       |     |   |   |   |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| Purchase                  of property and equipment                                                           |   |                                       | (130,851 | ) |   | (58,500 | ) |
|                                                                                                          |   |                                       |     |   |   |   |   |
| Net                  Cash Used by Investing Activities                                                        |   |                                       | (130,851 | ) |   | (58,500 | ) |
|                                                                                                          |   |                                       |     |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES                                                         |   |                                       |     |   |   |   |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
|  Stock                  subscriptions issued                                                        |   |                                       | -        |   |   | 68,043 |   |
|  Proceeds                  from common stock issued                                                      |   |                                       | 8,996    |   |   | 33,275 |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| Net                  Cash Used by Financing Activities                                                        |   |                                       | 8,996    |   |   | 101,318 |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| NET                  DECREASE IN CASH                                                                         |   |                                       | (8,171   | ) |   | 37,238 |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| CASH                  AT BEGINNING OF PERIOD                                                                  |   |                                       | 8,761    |   |   | 4,275 |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| CASH                  AT END OF PERIOD                                                                        |   | $                                          | 590      |   | $ | 41,513 |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| SUPPLIMENTAL                  DISCLOSURES OF CASH FLOW INFORMATION                                            |   |                                       |     |   |   |   |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| CASH                  PAID FOR:                                                                               |   |                                       |     |   |   |   |   |
| Interest                                                                                                      |   | $                                          | -        |   | $ | - |   |
| Income                  Taxes                                                                                 |   | $                                          | -        |   | $ | - |   |
|                                                                                                          |   |                                       |     |   |   |   |   |
| NON                  CASH FINANCING ACTIVITIES:                                                               |   |                                       |     |   |   |   |   |
| Note                  payable for property and equipment                                                      |   | $                                          | -        |   | $ | - |   |

----

**RANCHO      SANTA MONICA DEVELOPMENTS LTD.**

**NOTES      TO FINANCIAL STATEMENTS**

**August      31, 2007**

| **1.** | **BASIS                OF PRESENTATION** |
|--------|------------------------------------------|

| **2.  ** | **PROPERTY** |
|--------------------|--------------|

| **3.  ** | **NOTE                PAYABLE** |
|--------------------|---------------------------------|

| **4.  ** | **RELATED                PARTIES TRANSACTIONS** |
|--------------------|-------------------------------------------------|

----

**RANCHO      SANTA MONICA DEVELOPMENTS LTD.**

**NOTES      TO FINANCIAL STATEMENTS**

**August      31, 2007**

| **5.  ** | **RESTATED                FINANCIAL STATEMENTS** |
|--------------------|--------------------------------------------------|

| Balance                Sheets                      |   |   | Original               |   |   | As                Restated |   |
|----------------------------------------------------|--------|--------|------------------------|--------|--------|----------------------------|--------|
| November                30, 2006                   |   |   |                   |   |   |                       |   |
|                                               |   |   |                   |   |   |                       |   |
| Cash                                               |   | $      | 8,761                  |   | $      | 8,761                      |   |
| Property                and equipment              |   |   | 164,917                |   |   | 176,897                    |   |
| Current                liabilities                 |   |   | 37,496                 |   |   | 156,039                    |   |
| Note                payable                        |   |   | 50,000                 |   |   | -                          |   |
| Stockholders’                equity          |   |   | 123,178                |   |   | 29,619                     |   |
|                                               |   |   |                   |   |   |                       |   |
| August                31, 2007                     |   |   |                   |   |   |                       |   |
|                                               |   |   |                   |   |   |                       |   |
| Cash                                               |   | $      | 590                    |   | $      | 590                        |   |
| Property                and equipment              |   |   | 289,448                |   |   | 305,928                    |   |
| Current                liabilities                 |   |   | 143,868                |   |   | 197,368                    |   |
| Note                payable                        |   |   | 50,000                 |   |   | -                          |   |
| Stockholders’                equity          |   |   | 96,170                 |   |   | 109,150                    |   |
|                                               |   |   |                   |   |   |                       |   |
| Statements                of Operations:           |   |   |                   |   |   |                       |   |
| Three                Months Ended August 31, 2007: |   |   |                   |   |   |                       |   |
| Revenues                                           |   |   | 33,111                 |   |   | 33,111                     |   |
| Operating                expenses                  |   |   | 20,743                 |   |   | 20,743                     |   |
| Other                expense                       |   |   | 1,500                  |   |   | -                          |   |
| Other                comprehensive income (loss)   |   |   | -                      |   |   | (3,435                     | )      |
|                                               |   |   |                   |   |   |                       |   |
| Nine                Months Ended August 31, 2007:  |   |   |                   |   |   |                       |   |
| Revenues                                           |   |   | 41,211                 |   |   | 41,211                     |   |
| Operating                expenses                  |   |   | 35,284                 |   |   | 35,284                     |   |
| Other                expense                       |   |   | 1,500                - |   |   |                       |   |
| Other                comprehensive income (loss)   |   |   | -                      |   |   | (3,435                     | )      |
|                                               |   |   |                   |   |   |                       |   |
| Three                Months Ended August 31, 2006: |   |   |                   |   |   |                       |   |
| Revenues                                           |   |   | -                      |   |   | -                          |   |
| Operating                expenses                  |   |   | 2,090                  |   |   | 2,090                      |   |
| Other                expense                       |   |   | 1,500                  |   |   | -                          |   |
| Other                comprehensive income (loss)   |   |   | -                      |   |   | -                          |   |
|                                               |   |   |                   |   |   |                       |   |
| Nine                Months Ended August 31, 2006:  |   |   |                   |   |   |                       |   |
| Revenues                                           |   |   | -                      |   |   | -                          |   |
| Operating                expenses                  |   |   | 17,811                 |   |   | 17,811                     |   |
| Other                expense                       |   |   | 4,000                  |   |   | -                          |   |
| Other                comprehensive income (loss)   |   |   | -                      |   |   | -                          |   |

----

**ITEM      2. **
**MANAGEMENT'S      DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.**

**Cautionary      Statement Regarding Forward-Looking Statements**

**Corporate      Background**

**Recent      Corporate Developments**

**Acquisition      of Solidaridad Property**

| (1) | In                consideration of Ms. Galan-Rios’s grant of all of her interests in the                Solidaridad Property to us, we: (i) paid $30,000 to Ms. Galan-Rios,                and                (ii) issued an unsecured promissory note to Ms. Galan-Rios in the                amount                of $50,000, plus accrued interest at a rate of 12% per year, maturing                on                November 29, 2006; |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (2) | We                agreed to provide septic and water services to tenants at a rate                of $50                per apartment unit per month; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | We                agreed that commencing on the completion of construction of the units,                for                a 25 year period following November 29, 2004, we will provide security,                maintenance and gardening services for the Solidaridad Property for                a fee                of $250 per unit per month; and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | We                agreed to grant to Ms. Galan-Rios and any of the potential tenants,                access                to the road presently existing on the Solidaridad                Property. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Location      of Solidaridad Property**

----

**PLAN      OF OPERATION**

----

**MILESTONES      AND OBJECTIVES**

** **

|  **MILESTONES                AND OBJECTIVES**                                                                                                                                                                                                                                                                                                                                                                                              |   | **ANTICIPATED****COST** |        |  **TIME                FRAME** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|-------------|-------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |        |                                |   |
| **PHASE                I**–                **MANAGEMENT                OF SOLIDARIDAD PROPERTY** - Obtain                all necessary regulatory approvals for operations- Service                property gardening, cleaning, receiption                                                                                                                                                                                |   | **$**                   | **7,200**   |                                |   | **3                Months** |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |        |                                |   |   |   |
| **PHASE                II**–**AQUIRING OTHER DEVELOPMENT OR                INCOME** **PRODUCING                PROPERTIES IN CANADA OR****UNITED                STATES**  -                Visit areas in Canada and the United States reviewing real estate                development opportunities -                Negotiate purchase of lands -                Cash deposit required to secure potential land parcels |   | **$**                   | **50,000**  |                                |   | **3                Months** |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |        |                                |   |   |   |
| **PHASE                III**–**AQUIRING OTHER DEVELOPMENT OR                INCOME** **PRODUCING                PROPERTIES IN MEXICO**  -                Visit other resort areas in Mexico to review real estate development                opportunities -                Negotiate purchase of lands -                Cash deposit required to secure potential land parcels                                            |   | **$**                   | **50,000**  |                                |   | **12                Months** |   |
| **TOTAL**                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | **$**                   | **107,200** |                                |   | **-** |   |

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| ***Category***                                 |   | ***Planned                Expenditures Over******The                Next Twelve Months*** |       |
|------------------------------------------------|--------|-------------------------------------------------------------------------------------------|------------|
| Professional                Fees               |   | $                                                                                         | 5,000      |   |
| General                Administrative Expenses |   | $                                                                                         | 9,000      |   |
| Consulting                Fees                 |   | $                                                                                         | 2,000      |   |
| Contractor                Fees                 |   | $                                                                                         | 2,200      |   |
|                                           |   |                                                                                      |       |   |
| **TOTAL**                                      |   | **$**                                                                                     | **18,200** |   |

**Revenue**

| **Revenue                  Stream**                                       |   | **Projected                  Fee**       |   | **Estimated                  Expenses**                               |   |
|---------------------------------------------------------------------------|--------|------------------------------------------|--------|-----------------------------------------------------------------------|--------|
| Management                  Services for 9 Units      |   | $10                  per Unit per night  |   | $600                  per month for management consulting services(1) |   |
| Maintenance,                  Security and Gardening Services for 9 Units |   | $250                  per Unit per month |   | $600                  per month for maintenance/gardening services(2) |   |
| Septic                  and Water Services for 9 Units                    |   | $50                  per Unit per month  |   | $200                  per year for sewer removal and water fees       |   |
| **Total                  per Month**                                      |   | **-**                                    |   | **$1,400**                                                            |   |
| **Total                  per Year**                                       |   | **-**                                    |   | **$14,600**                                                           |   |

|   | (1) | Commencing                on completion of the apartment units on the adjoining                property. |
|--------|-----|----------------------------------------------------------------------------------------------------------|

|   | (2) | We                have engaged an independent contractor to provide property maintenance,                gardening and security services to the Solidaridad Property at a                rate of                $600 per month. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**LIQUIDITY      AND CAPITAL RESOURCES**

**OFF-BALANCE      SHEET ARRANGEMENTS **

**CRITICAL      ACCOUNTING POLICIES**

*Development      Stage Company*

*Property      *

*Stock      Based Compensation*

----

*Impairment      of Long-Lived Assets*

**RISKS      AND UNCERTAINTIES**

**We      Do Not Own Legal Title To Our Solidaridad Property, And As A Result May Lose      All      Or Substantially All Of Our Interests In The Property **

**Environmental      And Other Regulations May Have An Adverse Effect On Our      Business.**

----

| 1. | civil                penalties; |
|----|---------------------------------|

| 2. | remediation                expenses; |
|----|--------------------------------------|

| 3. | natural                resource damages; |
|----|------------------------------------------|

| 4. | personal                injury damages; |
|----|-----------------------------------------|

| 5. | potential                injunctions; |
|----|---------------------------------------|

| 6. | cease                and desist orders; and |
|----|---------------------------------------------|

| 7. | criminal                penalties. |
|----|------------------------------------|

**We      Are Highly Dependent On Our Senior Management. The Loss Of Any Of Our Executive      Officers Could Have A Material Adverse Effect On Our Business.**

**The      Occurrence In Mexico Of Natural Disasters Could Adversely Affect Our      Business.**

**Because      We Are Significantly Smaller And Less Established Than A Majority Of Our      Competitors, We May Lack The Financial Resources Necessary To Compete      Effectively And Sustain Profitability.**

----

| 1. | attract                purchasers |
|----|-----------------------------------|

| 2. | sell                undeveloped rural land |
|----|--------------------------------------------|

**Because      Our President And Our Vice-President Have Only Agreed To Provide Their Services      On A Part-Time Basis, They May Not Be Able Or Willing To Devote A Sufficient      Amount Of Time To Our Business Operations, Causing Our Business To      Fail.**

**Because      Our President, Mr. Graham Alexander, Owns 53% Of Our Outstanding Common Stock,      Investors May Find That Corporate Decisions Influenced By Mr. Alexander Are      Inconsistent With The Best Interests Of Other      Stockholders.**

----

**We      Do Not Carry Comprehensive Liability Insurance. As A Result, Should An Uninsured      Loss Occur, We Could Lose Our Capital Invested In The Solidaridad Property,      As      Well As The Anticipated Future Revenues From Such Property**

**Our      Ability To Issue “Blank Check” Preferred Stock, Could Have The Effect Of      Deterring Or Delaying A Take Over Or Other Change In Control, Denying      Shareholders The Receipt Of A Premium On Their Common Stock And Depress The      Market Price Of Our Common Stock.**

**Future      Equity Financings May Dilute Existing Stockholders’ Ownership      Interests.**

**ITEM      3. **
**CONTROLS      AND PROCEDURES.**

**Evaluation      Of Disclosure Controls And Procedures**

----

**Changes      In Internal Controls Over Financial Reporting**

**PART      II - OTHER INFORMATION**

**ITEM      1. **
**LEGAL      PROCEEDINGS.**

**ITEM      2. **
**UNREGISTERED      SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.**

**ITEM      3. **
**DEFAULTS      UPON SENIOR SECURITIES.**

**ITEM      4. **
**SUBMISSION      OF MATTERS TO A VOTE OF SECURITY HOLDERS.**

**ITEM      5.**
**OTHER      INFORMATION.**

**ITEM      6. **
**EXHIBITS      AND REPORTS ON FORM 8-K. **

| ExhibitNumber |   |  Description                  of Exhibits                                                                                                                                     |
|---------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                                                                               |
| 3.1           |   | Articles                  of Incorporation.(1)                                                                                                                                     |
|          |   |                                                                                                                                                                               |
| 3.2           |   | Bylaws,                  as amended.(1)                                                                                                                                            |
|          |   |                                                                                                                                                                               |
| 4.1           |   | Form                  of Share Certificate.(1)                                                                                                                                     |
|          |   |                                                                                                                                                                               |
| 10.1          |   | 2004                  Stock Option Plan.(1)                                                                                                                                        |
|          |   |                                                                                                                                                                               |
| 10.2          |   | Management                  Consulting Agreement dated October 1, 2004 between Rancho Santa                  Monica                  Developments Inc. and Graham G. Alexander.(1) |
|          |   |                                                                                                                                                                               |
| 10.3          |   | Management                  Consulting Agreement dated October 1, 2004 between Rancho Santa                  Monica                  Developments Inc. and Angela Manetta.(1)      |
|          |   |                                                                                                                                                                               |
| 10.4          |   | Extension                  Agreement dated December 31, 2004 between Rancho Santa Monica Developments                  Inc. and Graham G. Alexander.(1)                            |

----

| 10.5   |   | Extension                  Agreement dated December 31, 2004 between Rancho Santa Monica Developments                  Inc. and Angela Manetta.(1)                                                                                                 |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                               |
| 10.6   |   | Purchase                  Agreement dated for reference November 29, 2004 between Monica                  Galan-Rios                  and Rancho Santa Monica Developments Inc.(1)                                                                 |
|   |   |                                                                                                                                                                                                                                               |
| 10.7   |   | Promissory                  Note dated November 29, 2004 Monica Galan-Rios and Rancho Santa                  Monica                  Developments Inc.(1)                                                                                          |
|   |   |                                                                                                                                                                                                                                               |
| 31.1   |   | Certification                  of Chief Executive Officer and Chief Financial Officer pursuant                  to Section                  302 of the Sarbanes-Oxley Act of 2002.                                                                 |
|   |   |                                                                                                                                                                                                                                               |
| 32.1   |   | 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. |

**REPORTS      ON FORM 8-K**

**SIGNATURES**

|   |                                           |                                  | **RANCHO                SANTA MONICA DEVELOPMENTS INC.**                                                         |
|--------|------------------------------------------------|---------------------------------------|------------------------------------------------------------------------------------------------------------------|
|   |                                           |                                  |                                                                                                             |
| Date:  | March                28th,                2008 | By:                    | *“Graham                G. Alexander”*                                                               |
|   |                                           |                                  | **GRAHAM                G. ALEXANDER**                                                                           |
|   |                                           |                                  | Chief                Executive Officer, Chief Financial OfficerPresident,                Secretary and Treasurer |
|   |                                           |                                  | (Principal                Executive Officer and                Principal Accounting Officer)                     |
|   |                                           |                                  |                                                                                                             |

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