U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 10-QSB
                  Quarterly Report Under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



For the Quarterly Period Ended October 31, 2002      Commission File No. 0-14234



                         KINGS ROAD ENTERTAINMENT, INC.
                 (Name of small business issuer in its charter)


         Delaware                                                95-3587522
(State or other jurisdiction                                  (I.R.S. Employer
       of incorporation)                                     Identification No.)


                   5743 NW 66th Ave., Parkland, FL 33067-1330
                     (Address of principal executive office)

                    Issuer's telephone number: (212) 709-8111



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  X      NO
                                    ---        ---

As of October 31, 2003, the Registrant had 3,864,390 shares of its common stock
outstanding.


Transitional Small Business Disclosure Format:  YES       NO   X
                                                    ----     ----
<PAGE>

                         KINGS ROAD ENTERTAINMENT, INC.
                              Report on Form 10-QSB
                     For the Quarter Ended October 31, 2002
<TABLE>
<CAPTION>
                                      INDEX
<S>                  <C>                                                                                 <C>
                                                                                                        Page
                                                                                                        ----
Part I.  Financial Information

         Item 1.      Financial Statements (unaudited)..................................................   3

                      Balance Sheet ....................................................................   3
                      Statements of Operations .........................................................   4
                      Statements of Cash Flows..........................................................   5
                      Notes to the Financial Statements ................................................   6

         Item 2.      Management's Discussion and Analysis or Plan of Operation ........................   9

         Item 3.      Controls and Procedures ..........................................................  11

Part II. Other Information

         Item 1.      Legal Proceedings ................................................................  12

         Item 2.      Changes in Securities ............................................................  13

         Item 3.      Defaults Upon Senior Securities ..................................................  13

         Item 4.      Submission of Matters to a Vote of Security Holders ..............................  13

         Item 5.      Other Information ................................................................  13

         Item 6.      Exhibits and Reports on Form 8-K .................................................  15
</TABLE>
                                       2
<PAGE>

PART I - FINANCIAL INFORMATION

Item 1 - Financial Statements.

                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                                 BALANCE SHEETS

<TABLE>
<CAPTION>

                                                                                        OCTOBER, 31, 2002       APRIL 30, 2002
                                                                                        (Unaudited)
<S>                                                                                     <C>                     <C>

 CURRENT ASSETS
        Cash                                                                            $        63,400            $        27,925
        Accounts receivable                                                                     166,332                    103,847
                                                                                        ---------------            ---------------
           Total Current Assets                                                                 229,732                    131,772
                                                                                        ---------------            ---------------
        FIXED ASSETS, NET                                                                           343                        684
                                                                                        ---------------            ---------------

        OTHER ASSETS

        Film development costs, net                                                              41,805                     41,805
        Advance from shareholder, net                                                            20,780                     20,780
                                                                                        ---------------            ---------------
          Total Other Assets                                                                     62,585                     62,585

     TOTAL ASSETS                                                                       $       292,660            $       195,041
                                                                                        ===============            ===============

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

     CURRENT LIABILITIES
        Accounts payable                                                                 $       74,877            $        98,781
        Accrued expenses                                                                        187,933                    193,333
        Deferred revenue                                                                         96,667                     35,200
        Liabilities from discontinued operations                                                 15,000                     42,239
                                                                                        ---------------            ---------------
        Total Current Liabilities                                                               374,477                    369,553
                                                                                        ---------------            ---------------
          TOTAL LIABILITIES                                                                     374,477                    369,553
                                                                                        ---------------            ---------------

     COMMITMENTS AND CONTINGENCIES

     STOCKHOLDERS' EQUITY (DEFICIT)
        Common stock, $.01 par value, 12,000,000 shares authorized,
           3,864,390 and 3,664,390 shares issued and outstanding, respectively                   38,644                     36,644
        Additional paid-in capital                                                           24,932,656                 24,906,655
        Accumulated deficit                                                                 (25,053,117)               (25,117,811)
                                                                                        ---------------            ---------------
          TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                                  (81,817)                  (174,512)
                                                                                        ---------------            ---------------
     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                               $       292,660            $       195,041
                                                                                        ===============            ===============
</TABLE>


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

                                       3
<PAGE>


                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                 For the Three Months Ended            For the Six Months Ended
                                                         October 31,                           October 31,
                                                   2002              2001               2002               2001
                                              -------------     -------------       -------------     -------------
<S>                                             <C>             <C>                 <C>               <C>
REVENUES
  Feature films                               $      93,589     $      61,962        $    202,480     $     224,654
                                              -------------     -------------       -------------     -------------
     Total Revenues                                  93,589            61,962             202,480           224,654
                                              -------------     -------------       -------------     -------------
COSTS AND EXPENSES
  Selling expenses                                        -            5,500                    -            11,034
  General and administrative expenses               138,874          172,627              270,910           489,732
                                              -------------     -------------       -------------     -------------
     Total Costs and Expenses                       138,874          178,127              270,910           500,766
                                              -------------     -------------       -------------     -------------
  OPERATING LOSS                                    (45,285)        (116,165)             (68,430)         (276,112)
                                              -------------     -------------       -------------     -------------
OTHER INCOME (EXPENSE)
  Other income (expense)                                 31                -                   (9)            2,484
  Interest expense                                        -             (339)                   -              (678)
  Interest income                                        90                -                   90                38
  Gain on sale of assets                                  -                -              100,000                 -
  Gain on sale of subsidiary                         33,043                -               33,043                 -
                                              -------------     -------------       -------------     -------------
  Total Other Income                                 33,164             (339)             133,124             1,844
                                              -------------     -------------       -------------     -------------


  INCOME (LOSS) BEFORE DISCONTINUED
  OPERATIONS AND INCOME TAXES                       (12,121)         (116,504)             64,694          (274,268)

LOSS FROM DISCONTINUED OPERATIONS                         -           (23,416)                  -           (71,447)
                                              -------------     -------------       -------------     -------------


NET INCOME (LOSS)                             $     (12,121)    $    (139,920)      $      64,694     $    (345,715)
                                              =============     =============       =============     =============


BASIC AND FULLY DILUTED INCOME
(LOSS) PER SHARE

  Income (loss) before discontinued operations $      (0.00)     $      (0.04)      $        0.02     $       (0.09)

  Loss from discontinued operations                    0.00              0.00                0.00              0.00
                                              -------------     -------------       -------------     -------------
Net income (loss) per share - basic
and diluted                                   $       (0.00)    $       (0.04)      $        0.02     $       (0.09)
                                              =============     =============       =============     =============
 Weighted average number of common
  shares - basic and diluted                      3,864,390         3,664,390           3,840,477         3,664,390
                                              =============     =============       =============     =============
</TABLE>


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

                                       4
<PAGE>


                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                           .........                                                For the Six Months Ended
                                                                                           October 31,
                                                                                    2002                2001
                                                                                -------------      -------------
<S>                                                                             <C>                <C>

     Net Income (Loss)                                                          $      64,694      $    (345,715)
     Adjustments to reconcile Net Income (Loss) to Net Cash
     Provided by (Used in) Operating Activities:
          Depreciation and amortization                                                   342                715
          Impairment of goodwill                                                            -             67,965
          Common stock issued for services                                             28,000                  -
          Gain on sale of assets                                                     (100,000)                 -
          Gain on sale of subsidiary                                                  (33,043)                 -
     Changes in Assets and Liabilities:
          (Increase) decrease in accounts receivable                                  (62,485)           118,677
          Decrease (increase) in inventory                                                  -             34,071
          Decrease (increase) in prepaid expenses                                           -             74,652
          Increase (decrease) in accounts payable                                     (66,143)            (4,882)
          Increase (decrease) in accrued expenses                                      42,643             87,644
          Increase (decrease) in deferred revenue                                      61,467                  -
                                                                                -------------      -------------
     NET CASH PROVIDED BY (USED IN) OPERATING
     ACTIVITIES                                                                       (64,525)            33,127
                                                                                -------------      -------------
CASH FLOWS FROM INVESTING ACTIVITIES:
      Proceeds from sale of assets                                                    100,000                  -
     Gross additions to film development costs                                              -            (20,606)
                                                                                -------------      -------------
     NET CASH PROVIDED BY (USED IN) INVESTING
     ACTIVITIES                                                                       100,000            (20,606)
                                                                                -------------      -------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     NET CASH PROVIDED BY FINANCING ACTIVITIES                                              -                  -
                                                                                -------------      -------------
NET INCREASE IN CASH                                                                   35,475             12,521

CASH AT BEGINNING OF PERIOD                                                            27,925             54,620
                                                                                -------------      -------------
CASH AT END OF PERIOD                                                           $      63,400      $      67,141
                                                                                =============      =============
SUPPLEMENTAL SCHEDULE OF CASH FLOW ACTIVITIES:

CASH PAID FOR:
   Interest                                                                     $           -      $           -
   Income taxes                                                                 $           -      $           -

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:
   Common stock issued for services                                             $      28,000      $           -


</TABLE>
        The accompanying notes are an integral part of these consolidated
                             financial statements.

                                       5
<PAGE>


                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been prepared
in accordance with accounting principles generally accepted in the United States
of America for interim financial statements. Accordingly, they do not include
all of the information and disclosures required for annual financial statements.
These financial statements should be read in conjunction with the financial
statements and related footnotes for the year ended April 30, 2002 included in
the Kings Road Entertainment, Inc. ("Company" or "Registrant") annual report on
Form 10-KSB for that period.

In the opinion of the Company's management, all adjustments (consisting of
normal recurring accruals) necessary to present fairly the Company's financial
position at October 31, 2002 and the results of its operations and cash flows
for the six month periods ended October 31, 2002 and 2001, respectively have
been included.

The results of operations for the six month period ended October 31, 2002 are
not necessarily indicative of the results to be expected for the full fiscal
year. For further information, refer to the financial statements and footnotes
thereto included in the Company's annual report on Form 10-KSB for the year
ended April 30, 2002.

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting periods. Actual results could differ from those estimates.

NOTE 2 - DISCONTINUED OPERATIONS

In August 2001, the Company elected to cease all operations pertaining to its
Animal Town subsidiary. Subsequent to its purchase by the Company, Animal Town's
operations proved to be unprofitable and the Company was unable to determine a
reasonable scenario under which Animal Town could become a profitable entity.
Therefore, as of October 31, 2001, Animal Town's operations have been classified
as discontinued and have been segregated from the Company's viable operations.
At the date of discontinuance, Animal Town had assets totaling $12,770 and
liabilities of $57,329.

                                       6
<PAGE>


                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - DISCONTINUED OPERATIONS (CONTINUED)

The following is an unaudited summary of the loss from discontinued operations
resulting from the elimination of the operations of Animal Town and the Play.
The financial statements have been retroactively stated to reflect this event.
No tax benefit has been attributed to the discontinued operations.

<TABLE>

                                                               THREE MONTHS                          SIX MONTHS
                                                              ENDED OCT. 31,                       ENDED OCT. 31,
                                                          2002              2001               2002              2001
                                                     --------------    --------------     --------------    --------------
<S>                                                  <C>               <C>                <C>               <C>

REVENUES
   Catalog Sales                                     $            -    $       22,349     $            -    $       59,292
                                                     --------------    --------------     --------------    --------------
                                                                  -            22,349                  -            59,292

COSTS AND EXPENSES
  Costs Related to Revenue                                        -             9,685                  -            39,537
  General & Administrative Expenses                               -            36,080                  -            91,202
                                                     --------------    --------------     --------------    --------------
                                                                  -            45,765                  -           130,739
                                                     --------------    --------------     --------------    --------------
                                                                  -                                    -

  NET LOSS FROM DISCONTINUED
  OPERATIONS                                         $            -    $      (23,416)    $            -   $       (71,447)
                                                     ==============    ==============     ==============   ===============

</TABLE>

NOTE 3 - GOING CONCERN

The Company's consolidated financial statements are prepared using accounting
principles generally accepted in the United States of America applicable to a
going concern which contemplates the realization of assets and liquidation of
liabilities in the normal course of business. However at October 31, 2002, the
Company has a deficit in working capital of $144,745, has an accumulated deficit
of $25,053,117, stockholders' deficit of $81,817 and has sustained recent losses
from operations. These conditions raise substantial doubt about the Company's
ability to continue as a going concern. It is the intent of the Company to
generate cash flows by increasing project development for future and has
discontinued certain operations that produce a negative cash flow. In addition,
the Company anticipates it will raise funds through equity based investment
instruments to provide funding for the development of projects and fund
operating costs.

NOTE 4 - SIGNIFICANT EVENTS

On May 22, 2002, the Company issued 200,000 shares of common stock at $0.14 per
share for a total of $28,000 for services rendered by officers of the Company.

On May 1, 2002, the Company sold all of the rights to four of its films for
$100,000. The entire amount is recorded as a gain on sale of assets due to the
fact that all of the capitalized costs for the four films were fully amortized.

On August 15, 2002, the Company sold its interest in the Company's subsidiary
Animal Town. The Company recognized a gain of $33,043 on the sale.

                                       7
<PAGE>

                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 4 - SIGNIFICANT EVENTS (CONTINUED)

On September 1, 2002, the Company entered into a new co-publishing agreement to
assign 50% of the rights to the Company's musical compositions. The agreement is
for a five-year period of time. The Company received a $100,000 non-refundable
advance against, and recoupable from, all composition net receipts. The $100,000
will be recognized as revenue over the term of the agreement.

NOTE 5 - SUBSEQUENT EVENTS

On August 25, 2003, Rigel Entertainment filed a complaint in the Superior Court
of California, County of Los Angeles, California against Kings Road
Entertainment. The complaint alleges breach of contract regarding the option
agreement between Rigel Entertainment, Inc. and the Company regarding "The
Kickboxer" series of television movies. The complaint is seeking compensation in
an unspecified amount. The Company intends to vigorously defend this matter. The
likelihood of an unfavorable outcome or the extent of any potential loss in not
presently determinable.

                                       8

<PAGE>

Item 2   - Management's Discussion and Analysis of Financial Position and
           Results of Operations

Cautionary Forward - Looking Statement
--------------------------------------

         The following discussion should be read in conjunction with the
Company's financial statements and related notes.

         Certain matters discussed herein may contain forward-looking statements
that are subject to risks and uncertainties. Such risks and uncertainties
include, but are not limited to, the following:

         - the volatile and competitive nature of the film industry,
         - the uncertainties surrounding the rapidly evolving markets in
           which the Company competes,
         - the uncertainties surrounding technological change of the
           industry, - the Company's dependence on its intellectual
           property rights, - the success of marketing efforts by third
           parties, - the changing demands of customers and - the
           arrangements with present and future customers and third
           parties.

         Should one or more of these risks or uncertainties materialize or
should any of the underlying assumptions prove incorrect, actual results of
current and future operations may vary materially from those anticipated.

Recent Developments

         Subsequent to the fiscal year ended April 30, 1995, the Company has not
produced any new films and has derived its film revenues almost exclusively from
the exploitation of films produced in prior years. The Company continues to fund
and develop motion picture projects, with the intention of either producing the
motion picture, establishing a partnership or joint venture with another film
production company to develop and/or produce the project or an outright sale of
the project.

         On August 31, 2000, the Company completed the acquisition of the common
stock of Animal Town, Inc. ("Animal Town"), a privately-held direct mail order
catalogue company that markets children's toys, games, crafts and books
specializing in cooperative play and development, animal protection and
environmental awareness. The Company acquired all of the outstanding common
stock of Animal Town in exchange for a combination of approximately $12,000 in
cash, a note payable in the amount of $39,000 to the seller of the common stock
and the issuance of 77,000 shares of the Company's common stock, the exact
number of shares determined based upon a debt-for-equity exchange offer made to
then existing Animal Town creditors that commenced on September 29, 2000 and was
concluded on January 29, 2001. Due to recurring operating losses since the
Company's acquisition of Animal Town and current market conditions, the Company
has discontinued the operations of Animal Town.

                                       9

<PAGE>

Results of Operations
---------------------

The Three Months Ended October 31, 2002 vs. the Three Months
Ended October 31, 2001

         For the quarter ended October 31, 2002, feature film revenues were
$93,589 as compared to $61,962 for the quarter ended October 31, 2001. The
increase of $31,627 results primarily from higher overall royalties on the
Company's feature film library.

         Costs and expenses decreased to $138,874 for the quarter ended October
31, 2002 as compared to $178,627 during the quarter ended October 31, 2001. This
decrease of $39,753 results primarily from decreased professional fees.

         During the quarter ended October 31, 2002, the Company recorded a gain
of $33,043 from the sale of its interest in Animal Town.

         The Company's loss from discontinued operations, principally Animal
Town, decreased to $-0- during the quarter ended October 31, 2002 as compared to
$23,416 during the quarter ended October 31, 2001. This decrease results from
the sale of Animal Town in August of 2002.

         The Company had a net loss of $12,120 for the quarter ended October 31,
2002 compared to a net loss of $139,920 for the quarter ended October 31, 2001.
This decrease in net loss resulted primarily from the reduced expenses and the
increased revenues. During the quarters ended October 31, 2002 and 2001, the
Company had no provision for income taxes.

The Six Months Ended October 31, 2002 vs. the Six Months Ended October 31, 2001

         For the six months ended October 31, 2002, feature film revenues were
$202,480 as compared to $224,654 for the six months ended October 31, 2001. The
decrease of $22,174 was the result of decreased domestic and foreign
distribution revenues from feature films in the Company's film library. .

         Selling expenses decreased to $-0- during the six months ended October
31, 2002 as compared to $11,034 during the six months ended October 31,
2001 reflecting the significant decrease in the Company's revenues. General and
administrative costs increased to $270,910 for the six months ended October 31,
2002 from $489,732 for the six months ended October 31, 2001. The increase
resulted principally from decreased professional fees.

         During the six months ended October 31, 2002, the Company recorded a
Gain of $100,000 from the sale of part of its library and $33,043 from the sale
of its Subsidiary, Animal Townn.

         The Company's loss from discontinued operations, decreased to $-0-
during the six months ended October 31, 2002 as compared to $71,447 during the
quarter ended October 31, 2001. This decrease results primarily from the sale of
Animal Town.

         The Company had a net income of $64,694 for the six months ended
October 31, 2002 as compared to a net loss of $345,715 for the six months ended
October 31, 2001. The decrease in net income resulted primarily from
significantly decreased professional expenses and the gains described above, for
which there was no comparable gain during the six months ended October 31, 2001.
During the six months ended October 31, 2001 and 2000, the Company had no
significant provision for income taxes.

                                       10
<PAGE>

Liquidity and Capital Resources
-------------------------------

         The Company's principal source of working capital during the three and
six month periods ended October 31, 2002 was motion picture royalty income. The
Company continues to invest in the development of motion picture projects, the
production of which would require significant capital. In the event that the
Company decides to invest in the production of one or more of its projects, the
Company will need to examine and evaluate the additional capital required to
undertake such activities. The Company presently does not have sufficient
capital to pursue such activities. Except for the financing of new film
production costs, the Company believes it has sufficient working capital to
maintain all of its business activities.

         For the six months ended October 31, 2002, the Company's net cash flow
used by operating activities was $64,525 compared to net cash flow of $33,127
for the comparable six month prior year period. At October 31, 2002, the Company
had cash of $63,400 as compared to $67,141 at October 31, 2001.

Future Commitments
------------------

         The Company does not have any material future commitments.

Forward-Looking Statements
--------------------------

         The foregoing discussion, as well as the other sections of this
Quarterly Report on Form 10-QSB, contains forward-looking statements that
reflect the Company's current views with respect to future events and financial
results. Forward-looking statements usually include the verbs "anticipates,"
"believes," "estimates," "expects," "intends," "plans," "projects,"
"understands" and other verbs suggesting uncertainty. The Company reminds
shareholders that forward-looking statements are merely predictions and
therefore inherently subject to uncertainties and other factors which could
cause the actual results to differ materially from the forward-looking
statements. Potential factors that could affect forward-looking statements
include, among other things, the Company's ability to identify, produce and
complete film projects that are successful in the marketplace, to arrange
financing, distribution and promotion for these projects on favorable terms in
various markets and to attract and retain qualified personnel.

Item 3 - Controls and Procedures.

         (a) Evaluation of disclosure controls and procedures. Our principal
executive officer and principal financial officer have evaluated the
effectiveness of our disclosure controls and procedures (as defined in Rules
13a-14(c) and 15d-14(c) under the Exchange Act), as of a date within 90 days of
the filing date of this Quarterly Report on Form 10-QSB. Based on such
evaluation, they have concluded that as of such date, our disclosure controls
and procedures are effective and designed to ensure that information required to
be disclosed by us in reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified
in applicable SEC rules and forms.

                                       11
<PAGE>

    (b) Changes in internal controls. There were no significant changes in
our internal controls or in other factors that could significantly affect these
controls subsequent to the date of evaluation by our principal executive officer
and principal financial officer.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

Kelrom Agency, Inc. v. Kings Road Entertainment Inc., et al.
-----------------------------------------------------------

         On April 30, 2001, Kelrom Agency, Inc. filed suit against the Company
and KRTR, Inc. in the Civil Court of the City of New York, case number 013294
CVN 2001, seeking payment of $5,968 related to theater advertising for the play
"End of the World Party." This suit was subsequently settled for the amount of $
2,500, released and discharged on November 13, 2002. On February 15, 2003,
subsequent to the period covered by this report, a Stipulation of Discontinuance
was filed.

Sensory Lighting and Sound, Inc. v. Kings Road Entertainment Inc., et al.
------------------------------------------------------------------------

         On August 15, 2001, Sensory Lighting and Sound, Inc. filed suit against
the Company and KRTR, Inc. with the Civil Court of the City of New York, case
no. 026893 CVN 2001 seeking payment of $14,080 for lighting equipment rental in
connection with the play "End of the World Party." Subsequent to the period
covered by this report, this suit was settled for the amount of $ 7,500,
released and discharged on December 6, 2002. On December 16, 2002 a Stipulation
of Discontinuance was filed.

Theatrical and Television Motion Picture Special Payments Fund v. Kings Road
----------------------------------------------------------------------------
Entertainment, Inc.
-------------------
         During the year ended April 30, 2002, the Company was advised of a
lawsuit filed against the Company by the Theatrical and Television Motion
Picture Special Payments Fund seeking the payment of residuals under a
collective bargaining agreement with the American Federation of Musicians (AFM).
On March 25, 2002, a settlement offer was made to the Company by AFM's legal
counsel for a one-time payment of $ 250,000. The Company made several counter
offers, which were rejected. On December 20, 2002, the Company negotiated a
final settlement of this claim for cash payments totaling $50,000 and future
royalty payments up to an aggregate of a further $50,000 due when and if
additional film income is generated. The suit was consequently settled and the
court order was accordingly dismissed on December 30, 2002.

Demand for Investigation by Shareholders Action Committee
---------------------------------------------------------

         On April 17, 2003, subsequent to the period covered by this report, the
Company received a formal request by a Shareholders Action Committee for the
Board to investigate a series of Related Party Transactions, which occurred
during the period of November 1998 through April 2001. The Board has appointed
independent Counsel to investigate these transactions and report to the Board,
the Shareholders Action Committee and the Shareholders.

                                       12
<PAGE>

Rigel USA Inc. vs. Kings Road Entertainment, Inc.
------------------------------------------------

         Subsequent to the date of this report, on July 31, 2003, Rigel USA
Inc., a California corporation, filed suit in the Superior Court of California,
County of Los Angeles (case number BC300041) for breach of contract and
promissory estoppel. The plaintiff is seeking declaratory relief in excess of
five million dollars ($5,000,000). The Company denies any liability to the
plaintiff, and intends to vigorously defend the lawsuit.

Second Demand Letter from the Shareholders Action Committee
-----------------------------------------------------------

         Subsequent to the period covered by this report, the Company received a
letter dated November 10, 2003 from the Chairman of the Kings Road Shareholders
Action Committee inquiring as to the status of the Independent Counsel's
investigation into a series of transactions that occurred during the period of
November 1998 through April 2001. The Board has recently appointed new
independent Counsel to investigate these transactions and report to the Board,
the Shareholders Action Committee and the Shareholders.

         The Company is not aware of any pending claims or assessments, other
than as described above, which may have a material adverse impact on the
Company's financial position or results of operations.

Item 2. Changes in Securities.

         None.

Item 3. Defaults Upon Senior Securities.

         None.

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

         No matter was submitted to a vote of our shareholders during the
quarter ended October 31, 2003.

Item 5. Other Information.

Settlement Agreement with David Dube
------------------------------------

         On August 15, 2002, the Company entered into a Settlement agreement
with David Dube whereby the Company will pay Dube $2,951.20 in full satisfaction
of any and all claims.

                                       13
<PAGE>

Peak Partners 1 Assignment and Assumption Agreement
---------------------------------------------------

         On August 16, 2002, the Company entered into that certain Assignment
and Assumption Agreement which authorized the settlement of a claim with Peak
Partners 1, a Florida general partnership, by authorizing the conveyance of all
of its right, title and interest in its subsidiary Animal Town and its related
Animal Town trademarks, to Peak Partners 1 for one-dollar consideration.

Appointment of New Director and President
-----------------------------------------

         On October 7, 2002, the Company authorized the appointment of Michael
Berresheim to the Board of Directors and to replace H. Martin DeFrank as
President of the Corporation effective as at January 1, 2003. The Company
additionally recognized the resignation of Geraldine Blecker as the managing
director of the Company's European subsidiary, Kings Road Productions, Gmbh and
sought to sell 80% of its equity in Kings Road Productions, Gmbh. Lastly, the
Company sought to immediately liquidate or dissolve its subsidiary Kings Road to
Fame, a Delaware corporation.

Subsequent Events

Revocation of October 7, 2002 Appointments
------------------------------------------

         On November 10, 2002, subsequent to the period covered by this report,
and due to unforeseen circumstances, the Company was forced to revoke the above
decisions in their entirety.

Appointment of New Independent Counsel
--------------------------------------

         On November 14, 2003, subsequent to the period covered by this report,
the Company has appointed new Independent Counsel to complete the investigation
as requested by the Shareholders Action Committee into a series of Related Party
Transactions, which occurred during the period of November 1998 through April
2001.

Change of Company's Registered Offices
--------------------------------------

         On November 15, 2003, subsequent to the period covered by this report,
the address of the Company's registered office was officially changed from
Parkland, FL to 447 B Doheny Drive, Beverly Hills, CA 90210.

                                       14
<PAGE>

Item 6 - Exhibits and Reports on Form 8-K

(a) Exhibits (numbered in accordance with Item 601 of Regulation S-B)

3.1      Restated Certificate of Incorporation of Registrant (1)
3.2      Bylaws of Registrant (2)
10.1     1998 Stock Option Plan (1)
21       Subsidiaries of Registrant (3)
99.1**   Certification of Chief Executive Officer Pursuant to
         18 U.S.C. Section 1350
99.2**   Certification of Chief Financial Officer Pursuant to
         18 U.S.C. Section 1350
99.3**   906 Certification
         ---------------
(1) Incorporated by reference to Form 10-KSB for the fiscal year ended April 30,
1998. (2) Incorporated by reference to Form 10-KSB for the fiscal year ended
April 30, 1988.
         (3) Incorporated by reference to Form 10-KSB for the fiscal year ended
         April 30, 2001 ** Filed Herewith

(b)  Forms 8-K

         There were no reports on Form 8-K filed during the period covered by
this report.

         Subsequent to the period covered by this report the Company filed a
report on Form 8-K on October 21, 2003.

                                       15
<PAGE>

SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                                  KINGS ROAD ENTERTAINMENT, INC.


Date:    November 26, 2003                        /s/ Geraldine Blecker
                                                  ______________________________
                                                  By: Geraldine Blecker
                                                  Its:  Chief Executive Officer





Date:    November 26, 2003                        /s/ H. Martin DeFrank
                                                  ______________________________
                                                  By: H. Martin DeFrank
                                                  Its:  Chief Financial Officer

                                       16