SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB


(Mark One)

   [X]      Quarterly  report  under  Section  13 or  15(d)  of  the  Securities
            Exchange Act of 1934 for the  quarterly  period ended  September 30,
            2004

   [ ]      Transition report under Section 13 or 15(d) of the Exchange Act
            for the transition period from __________ to __________.


                        Commission File Number: 000-31451
                                    ---------

                            NOVA COMMUNICATIONS, INC.
                            ------------------------
        (Exact name of small business issuer as specified in its charter)



             NEVADA                                              95-4756822
             ------                                              ----------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)



               370 AMAPOLA AVE. # 202, TORRANCE, CALIFORNIA 90501
               --------------------------------------------------
               (Address of principal executive office) (Zip Code)

                                 (310) 642-0200
                                ----------------
                           (Issuer's telephone number)




  Check  whether  the  issuer:  (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  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    XX                  No
                              --------                  --------

As of November 23, 2004, the number of outstanding shares of the issuer's common
stock, $0.001 par value, was 4,125,669 shares.


          TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT: Yes [ ] No [X]



                                        1
<PAGE>
                                TABLE OF CONTENTS



ITEM 1.  FINANCIAL STATEMENTS ...............................................  3

         Consolidated Unaudited Balance Sheet as of September 30, 2004.......  3

         Consolidated Unaudited Statements of Operations for the
                  Quarters ended September 30, 2004 and September 30, 2003...  4

         Consolidated Unaudited Statements of Cash Flows for the
                  Quarters ended September 30, 2004 and September 30, 2003...  5

         Notes to Consolidated Financial Statements..........................  6


ITEM 2.  MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS .............................................. 10


ITEM 3.  CONTROLS AND PROCEDURES............................................. 11


                           PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K..................................... 12


SIGNATURES................................................................... 12





























                                        2
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                           Consolidated Balance Sheets
<TABLE>
<CAPTION>
                                                                            September 30,        December 31,
                                                                                2004                 2003
                                                                         -----------------    -----------------

                                               ASSETS
Current assets:
<S>                                                                        <C>                  <C>
   Cash                                                                    $            -       $       51,451
   Note receivable due within one year                                                  -                9,557
   Current assets of discontinued operations                                       51,435               51,435
                                                                           --------------       --------------
     Total current assets                                                          51,435              112,443

Equipment, net                                                                      1,278                1,278

Equipment of discontinued operations, net                                         140,221              140,221

Other assets:
   Note receivable                                                                      -               15,317
   Advances receivables                                                           723,506              513,506
   Other assets of discontinue operations, net                                     62,811               62,811
                                                                           --------------       --------------
     Total other assets                                                           786,317              591,634
                                                                           --------------       --------------

                                                                          $       979,251      $       845,576
                                                                           ==============       ==============

                               LIABILITIES AND NET CAPITAL DEFICIENCY

Current liabilities:
   Checks issued in excess of bank deposits                               $           181      $             -
   Accounts payable                                                               165,174              159,637
   Payable to related parties                                                       5,920               11,593
   Accrued payroll and payroll related liabilities                                214,334              392,445
   Income taxes payable                                                             3,200                2,400
   Other accrued liabilities                                                       84,305               45,902
   Convertible notes payable                                                      395,000              490,000
   Current liabilities of discontinued operations                                 393,984              393,984
                                                                           --------------       --------------
     Total current liabilities                                                  1,262,098            1,495,961

Payable to related party                                                          442,732              264,232

Net capital deficiency:
   Preferred stock; no par value; authorized 10,000,000 shares                          -                    -
   Common stock; $.001 par value; authorized 500,000,000
    shares; issued and outstanding 3,940,621 shares in 2004
    (2,595,261 shares in 2003)                                                      3,941                2,551
   Common stock to be issued                                                       10,000               15,000
   Additional paid in capital                                                  21,744,999           19,165,701
   Retained deficit                                                           (22,484,519)         (20,097,869)
                                                                           --------------       --------------
     Net capital deficiency                                                      (725,579)            (914,617)
                                                                           --------------       --------------

                                                                          $       979,251      $       845,576
                                                                           ==============       ==============
</TABLE>
                             See accompanying notes.
                                        3
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                      Consolidated Statements of Operations

<TABLE>
<CAPTION>
                                                  Three months ended                 Nine months ended
                                                     September 30                       September 30
                                            -------------------------------   --------------------------------
                                                2004             2003              2004              2003
                                            --------------    -------------   --------------    --------------

<S>                                        <C>               <C>             <C>               <C>
Revenues                                   $           -     $           -   $         5,550   $        7,171

Operating expenses                               305,878            46,359         2,362,081        2,344,117
                                            ------------      ------------    --------------    -------------

Net loss from operations                        (305,878)          (46,359)       (2,356,531)      (2,336,946)

Interest income (expense), net                    (9,773)              596           (29,319)         (17,545)
                                            ------------      ------------    --------------    -------------

Net loss from continuing
operations before provision for
income taxes                                    (315,651)          (45,763)       (2,385,850)      (2,354,491)

Provision for income taxes -
  State of California                                  -                 -               800              800
                                            ------------      ------------    --------------    -------------

Net loss from continuing operations             (315,651)          (45,763)       (2,386,650)      (2,355,291)

Net income from discontinued operations                -            21,088                 -           40,230
                                            ------------      ------------    --------------    -------------


Net loss                                   $    (315,651)    $     (24,675)  $    (2,386,650)  $   (2,315,061)
                                            ============      ============    ==============    =============



Net income (loss) per common share:
   Continuing operations                   $       (.084)    $       (.016)  $         (.721)  $       (1.174)
                                            ============      ============    ==============    =============

   Discontinued operations                 $           -     $        .007   $             -   $         .020
                                            ============      ============    ==============    =============
</TABLE>





                             See accompanying notes.
                                        4
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                      Consolidated Statements of Cash Flows

<TABLE>
<CAPTION>
                                                  Three months ended                 Nine months ended
                                                     September 30                       September 30
                                            -------------------------------  ---------------------------------
                                                2004             2003              2004              2003
                                            -------------     ------------    --------------    -------------
<S>                                        <C>               <C>              <C>              <C>
Cash flows from operating activities:
   Net loss from continuing
    operations                             $     (315,651)   $     (45,763)   $   (2,386,650)  $   (2,355,291)
   Adjustment to reconcile net
    loss from continuing
    operations to net cash
    used in operating
    activities:
     Provision for uncollectible note
      receivable                                        -                -            16,274                -
     Shares issued in exchange for
      compensation and services                   317,500                -         2,224,000        2,215,464
     Provision for income taxes                         -                -               800              800
     Changes in assets and
      liabilities:
       Receivables                                      -                -                 -              702
       Checks issued in excess of
        bank deposits                                 181                -               181                -
       Accounts payable                               969             (296)            5,537          (25,327)
       Accrued liabilities                        (12,674)          43,048           116,980          137,204
                                            -------------     ------------    --------------    -------------
                                                   (9,675)          (3,011)          (22,878)         (26,448)

Cash flows from discontinued
 operations                                             -          156,573                 -          187,332

Cash flows from investing activities:
   Principal repayments on notes
    receivable                                          -            3,001             8,600            7,404
   Advances paid                                        -                -          (210,000)               -
                                            -------------     ------------    --------------    -------------
                                                        -            3,001          (201,400)           7,404
Cash flows from financing activities:
   Advances from related parties                    7,420                -           184,420                -
   Repayment of advances from
    related parties                                     -                -           (11,593)               -
   Net financing activities of
    discontinued operations                             -         (156,573)                -         (168,335)
                                            -------------     ------------    --------------    -------------
                                                    7,420         (156,573)          172,827         (168,335)
                                            -------------     ------------    --------------    -------------
Net change in cash                                 (2,255)             (10)          (51,451)             (47)

Cash at beginning of period                             -               41            51,451               78
                                            -------------     ------------    --------------    -------------

Cash at end of period                      $            -    $          31   $             -   $           31
                                            =============     ============    ==============    =============
</TABLE>

                             See accompanying notes.
                                        5
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                   Consolidated Notes to Financial Statements
                               September 30, 2004

1.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
         ------------------------------------------

         BUSINESS:  Nova  Communications  Ltd.  (the  "Company"  or  "Nova")  is
         incorporated under the laws of the State of Nevada. The Company invests
         in and provides managerial assistance to developing companies.

         Basis of consolidation:  The consolidated  financial statements include
         the  accounts of Nova and its 100% owned  subsidiaries  Kadfield,  Inc.
         ("Kadfield") and since its acquisition  Realize  Development,  Inc. All
         intercompany accounts and transactions have been eliminated.

         On July 21, 2003 the Company  decided to dispose of Kadfield.  Kadfield
         has been accounted for as a  discontinued  operation and the results of
         operations  have  been  excluded  from  continuing  operations  in  the
         consolidated statements of operations for all periods presented.

         INTERIM  REPORTING:  The  Company's  year-end  for  accounting  and tax
         purposes is December 31.

         In the  opinion  of  Management,  the  accompanying  interim  unaudited
         financial statements contain all adjustments, consisting of only normal
         recurring  adjustments,  necessary  to  present  fairly  its  financial
         position as of September  30, 2004,  and the results of its  operations
         and cash flows for the three and nine month periods ended September 30,
         2004 and 2003.  The results of operations for the three and nine months
         ended September 30, 2004 and 2003 are not necessarily indicative of the
         results to be  expected  for the full  year.  Certain  information  and
         footnote disclosures normally included in financial statements prepared
         in accordance with generally accepted  accounting  principles have been
         condensed or omitted pursuant to the rules and regulations  promulgated
         by the  Securities  and  Exchange  Commission.  The  interim  unaudited
         financial  statements  should be read in  conjunction  with the audited
         financial statements and accompanying notes for the year ended December
         31, 2003 contained in the Company's Annual Report on Form 10-KSB.

         CASH FLOWS:  For purposes of the  statement of cash flows,  the Company
         and its  subsidiaries  consider  cash  equivalents  to be highly liquid
         instruments  if, when  purchased,  their original due dates were within
         three months.

         EQUIPMENT: Equipment is carried at cost. Depreciation is computed using
         the  straight-line  method  over  the  estimated  useful  lives  of the
         depreciable assets, which range from five to fifteen years.

         STOCK OPTIONS AND WARRANTS:  The Company uses a fair value based method
         of accounting for stock based compensation to employees.

         The Company  also  accounts for stock  options and  warrants  issued to
         non-employees for services under the fair value method of accounting.

                                        6
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                   Consolidated Notes to Financial Statements
                               September 30, 2004


1.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
         ------------------------------------------------------

         NET LOSS PER COMMON  SHARE:  Net loss per common  share is  computed by
         dividing  net loss by the  weighted  average  number of  common  shares
         outstanding  during the period.  The weighted  average number of common
         stock  shares  outstanding  was  3,751,503  for the three  months ended
         September 30, 2004  (2,855,683 for the three months ended September 30,
         2003) and  3,310,192  for the nine  months  ended  September  30,  2004
         (2,006,248 for the nine months ended September 31, 2003).  Common stock
         to be issued and  convertible  notes  payable are not  considered to be
         common  stock  equivalents  as the effect on net loss per common  share
         would be anti-dilutive.

         USE OF  ESTIMATES:  The process of preparing  financial  statements  in
         conformity with generally accepted  accounting  principles requires the
         use of estimates  and  assumptions  regarding  certain types of assets,
         liabilities,  revenues and expenses. Management of the Company has made
         certain estimates and assumptions regarding the collectability of notes
         receivable.   Such  estimates  and  assumptions   primarily  relate  to
         unsettled  transactions  and  events  as of the  date of the  financial
         statements.  Accordingly,  upon  settlement,  actual results may differ
         from estimated amounts.

2.       BUSINESS COMBINATION
         --------------------

         On August 30, 2004, the Company acquired Realize Development, Inc. in a
         business combination accounted for as a purchase.  Realize Development,
         Inc.  was  dormant  at the time of  acquisition  and had no  assets  or
         liabilities.  The Company  paid $1,750 for Realized  Development,  Inc.
         which was expensed.

3.       OPERATIONS
         ----------

         During 2003, the Company  announced  their  intentions to divest of its
         investment in Kadfield, Inc. Also, the Company is currently negotiating
         with several companies in which to invest or acquire.

         The Company  believes the above actions and along with other plans will
         allow them to continue operations and ultimately achieve profitability.
         Until  then,  the  Company  is  dependent  upon its  ability  to obtain
         additional  capital  and debt  financing.  The  consolidated  financial
         statements as of September 30, 2004 do not reflect adjustments relating
         to the recorded asset amounts, or the amounts of liabilities that would
         be necessary should the Company not be able to continue in existence.


                                        7
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                   Consolidated Notes to Financial Statements
                               September 30, 2004


4.       CASH FLOW INFORMATION
         ---------------------

         Supplemental schedule of noncash financing activities are as follows:

<TABLE>
<CAPTION>
                                                        Three months ended              Nine months ended
                                                           September 30                   September 30
                                                   -----------------------------  ----------------------------
                                                        2004           2003           2004            2003
                                                   -------------  --------------  -------------  -------------
<S>                                                <C>            <C>             <C>            <C>
           Common stock issued in
            exchange for accrued payroll           $          -   $           -   $    180,000   $          -
                                                   =============  ==============  =============  =============

            Common stock issued in
             exchange for notes payable and
             accrued interest                      $    101,687   $           -   $    101,687   $          -
                                                   =============  ==============  =============  =============

            Common stock issued for long-
             term obligations to related
             parties                               $          -   $     625,000   $          -   $    625,000
                                                   =============  ==============  =============  =============
</TABLE>

5.       ADVANCES RECEIVABLE
         -------------------

         The  Company  has  advanced  funds to a  company  for  working  capital
         purposes. The advances are unsecured,  non-interest bearing, and due on
         demand.

6.       CONVERTIBLE NOTES PAYABLE
         -------------------------

         The notes  payable  are due one year from the date of  borrowings  plus
         interest at a rate of 8% per annum and are unsecured. The notes and any
         unpaid  interest may be convertible  into shares of common stock of the
         Company  at a rate of 75% of the  closing  bid  price of the  Company's
         common stock on the date of  conversion.  The notes may be converted at
         the option of the Company, but not before six months, and at the option
         of the holder,  but not before one year, from the date of the notes and
         only if certain events have occurred.

         On September 7, 2004,  holders converted $95,000 of notes and $6,687 of
         accrued interest into 170,360 shares of the Company's common stock.

7.       PAYABLE TO RELATED PARTY
         ------------------------

         The  payable to  related  party is due to a company  controlled  by the
         president of the Company.  The  advances  are  unsecured,  non-interest
         bearing,  and due on demand  however,  this  company  has agreed not to
         demand repayment before June 2005.

8.       PREFERRED STOCK
         ---------------

         The  Company's  preferred  stock may be voting or have other rights and
         preferences as determined from time to time by the Board of Directors.

                                        8
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                   Consolidated Notes to Financial Statements
                               September 30, 2004


9.       COMMON STOCK
         ------------

         On  October  8,  2004,  the  Company's  Board of  Directors  approved a
         1-for-100  reverse stock split for all  shareholders  of record on that
         date.  All share  amounts in the  accompanying  consolidated  financial
         statements have been restated to reflect the reverse stock split.

         On January 21, 2004, the Board of Directors  authorized the issuance of
         60,000  shares of common  stock of the Company in exchange for $180,000
         of accrued payroll.  Management of the Company valued the shares issued
         at $3.00 per share, the closing bid price of the Company's common stock
         on the date of issuance.  Management of the Company estimated the value
         of the Company's shares granted after  considering the historical trend
         of the trading  prices for its common  stock and the limited  volume of
         shares being traded.

         On May 14,  2004,  the Board of  Directors  authorized  the issuance of
         45,000 shares of common stock of the Company in exchange for $90,000 of
         accrued payroll.  Management of the Company valued the shares issued at
         $2.00 per share, the closing bid price of the Company's common stock on
         the date of issuance.  Management of the Company estimated the value of
         the Company's shares granted after  considering the historical trend of
         the  trading  prices for its  common  stock and the  limited  volume of
         shares being traded.

         During the three months ended September 30, 2004, the Company issued an
         aggregate of 308,500  shares  (807,500  shares for the nine months then
         ended) of its common stock in exchange for  consulting  and  management
         services  aggregating  $317,250  ($1,588,750  for the nine  months then
         ended).  Management of the Company  valued the shares issued during the
         three months ended September 30, 2004 at approximately  $1.03 per share
         ($1.97 per share for the nine months then ended), the closing bid price
         of the  Company's  common stock on the date of issuance.  Management of
         the Company  estimated the value of the Company's  shares granted after
         considering  the historical  trend of the trading prices for its common
         stock and the limited volume of shares being traded.

10.      STOCK BASED COMPENSATION
         ------------------------

         During the three months ended September 30, 2004, the Company issued an
         aggregate  of 2,500  shares  (237,500  shares for the nine  months then
         ended of which 215,000  shares were issued to the Company's  president)
         of its common stock to employees as  compensation  for services for the
         three months ended  September 30, 2004  aggregating  $250 ($635,250 for
         the nine  months then  ended).  Management  of the  Company  valued the
         shares issued at $.03 per share, the closing bid price of the Company's
         common  stock  on the  date  of  issuance.  Management  of the  Company
         estimated the value of the Company's  shares granted after  considering
         the historical trend of the trading prices for its common stock and the
         limited volume of shares being traded.

                                        9
<PAGE>
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

Management's discussion and analysis contains various forward-looking statements
within the meaning of the Securities and Exchange Act of 1934.  These statements
consist of any statement  other than a recitation of historical  fact and can be
identified by the use of forward looking  terminology  such as "may",  "expect",
"anticipate",  "estimates", or "continue" or use of negative or other variations
of  comparable  terminology.  We  caution  that  these  statements  are  further
qualified  by  important  factors  that  could  cause  actual  results to differ
materially from those contained in our forward  looking  statements,  that these
forward looking  statements are necessarily  speculative,  and there are certain
risks and  uncertainties  that could  cause  actual  events or results to differ
materially from those referred to in our forward looking statements.

Management's  discussion  and analysis  should be read in  conjunction  with the
financial statements and the notes thereto.

RESULTS OF OPERATIONS

NINE MONTHS ENDED SEPTEMBER 30, 2004 COMPARED TO THE NINE MONTHS ENDED SEPTEMBER
30, 2003 AND THREE MONTHS ENDED  SEPTEMBER 30, 2004 COMPARED TO THE THREE MONTHS
ENDED SEPTEMBER 30, 2003:

On July 21, 2003 the Company  decided to dispose of Kadfield.  Kadfield has been
accounted for as a  discontinued  operation  and the results of operations  have
been  excluded from  continuing  operations  in the  consolidated  statements of
operations  for all  periods  presented.  During the three and six months  ended
September 30, 2004,  management has been devoting its efforts toward identifying
business  investment  and  acquisition  opportunities.  The Company is currently
providing working capital advances to a business opportunity.

Operating  expenses were $305,878 for the three months ended  September 30, 2004
compared to $46,359 for the three months ended  September 30, 2003. The increase
of $259,519 is a result of  incurring  $317,500 of outside  consulting  services
during the three months ended September 30, 2004.

FINANCIAL POSITION & LIQUIDITY AND CAPITAL RESOURCES

AS OF SEPTEMBER 30, 2004 COMPARED TO DECEMBER 31, 2003:

The  Company's  total assets of $979,251 as of September  30, 2004  increased by
$133,675  from those as of  December  31,  2003  primarily  as a result of three
factors.  The Company  negotiated  a final  payment on its notes  receivable  by
reducing  the amount to $8,600 that was  collected  during the nine months ended
September 30, 2004. The Company has advanced a business opportunity an aggregate
of $210,000  during the nine months ended September 30, 2004. And, net change in
cash during the nine months ended September 30, 2004 decreased by $51,451.

Payable  to related  party  increased  $178,500  during  the nine  months  ended
September 30, 2004 and aggregated  $442,732 as of that date.  This related party
has agreed not to demand  repayment of the  advances  before  November  2005 and
unless  cash is  available  from  operations  or from a  merger,  capital  stock
exchange,  asset  acquisition,  or other business  combination.  There can be no
assurances  that this  related  party will  continue to provide  advances to the
Company.

                                       10
<PAGE>
ITEM 3. CONTROLS AND PROCEDURES

As of September 30, 2004 the Company carried out an evaluation, under the
supervision and with the participation of the Company's management, including
the Company's Chief Executive Officer and President, of the effectiveness of the
design and operation of the Company's disclosure controls and procedures
pursuant to Rule 13a-14 of the  Securities Exchange Act of 1934.  Based upon
that eva1uation, these principal executive officers and principal financial
officer concluded that the Company's disclosure controls and procedures are
effective in timely alerting them to material information relating to the
Company, including its consolidated subsidiaries, required to be included in the
Company's periodic SEC filings. There have been no significant changes in
internal controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation.
























                                       11
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K

(a)              Exhibits.
                 --------

Exhibit
Number           Description of Document

2                Articles and  Agreement of Merger  Between Nova  Communications
                 Ltd.  and  First  Colonial  Ventures,  Ltd.  -  July  21,  1999
                 (Incorporated by reference)

3(3)(i)(1)       First Colonial Ventures, Ltd. Articles of Incorporation - March
                 25, 1985 (Incorporated by reference)

3(3)(i)(2)       First  Colonial   Ventures,   Ltd.  Amendment  to  Articles  of
                 Incorporation - August 12, 1985 (Incorporated by reference)

3(3)(i)(3)       First  Colonial   Ventures,   Ltd.  Amendment  to  Articles  of
                 Incorporation -September 3, 1985 (Incorporated by reference)

3(3)(i)(4)       First  Colonial   Ventures,   Ltd.  Amendment  to  Articles  of
                 Incorporation -February 3, 1992 (Incorporated by reference)

3(3)(i)(5)       Nova  Communications  Ltd Articles of  Incorporation - July 13.
                 1999 (Incorporated by reference)

3(3)(ii)(1)      Bylaws (Incorporated by reference)

31               Rule 13a-14(a)/15d-14(a) Certification

32               Section 1350 Certification

(b)              Reports on Form 8-K.
                 -------------------
                 No reports on Form 8-K were filed during the period covered by
                 this report.

                                   SIGNATURES

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

Date: November 23, 2004          NOVA COMMUNICATIONS, INC.

                                 By: /s/ KENNETH D. OWEN
                                 --------------------------
                                 Kenneth D. Owen, President








                                       12