**U.S.
      SECURITIES AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**




**FORM
      10-KSB**




**(Mark
      One)**


[X]  ANNUAL
      REPORT UNDER
      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
      for the fiscal year ended December 31, 2006.





[ 
       ]  TRANSITION
      REPORT
      UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934




For the transition period from _________ to _________ .




________________________________________________________________________________


Commission
      File Number: **000-26717**




**Score
      One, Inc.**


(Name
      of
      small business issuer in its charter)




**Nevada**
            **88-0409164**(State
                or other jurisdiction of
                incorporation)
            (I.R.S.
                Employer
              Identification
                No.)




**Suites
      2203-06, Level 22, Office Tower, Langham Place, 8 Argyle Street, Mongkok,
      Kowloon, Hong Kong**


(Address
      of principal executive offices)





Registrant's
      Telephone Number: 011 852 3105 5063





**Securities
      registered under Section 12(b) of the Exchange Act:**





None.





**Securities
      registered under Section 12(g) of the Exchange Act:**





Common
      stock ,
      par
      value $0.001 per share


(Title
      of
      each class)





Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act of 1934 during the preceding 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 [ 
 ] No [X]





Check
      if
      there is no disclosure of delinquent filers in response to Item 405 of
      Regulation S-B is contained in this form and no disclosure will be contained,
      to
      the best of registrant's knowledge, in definitive proxy or information
      statements incorporated by reference in Part III of this Form 10-KSB or any
      amendment to this Form 10-KSB. [   ]





Registrant’s
      revenue for its most recent fiscal year: $0





As
      of
      March 19, 2007 the aggregate market value of the voting and non-voting common
      equity held by non-affiliates computed by reference to the closing price of
      such
      common equity at $0.15 was $1,074,435.





The
      number of shares of common stock, par value $.001 per share, of the registrant
      as of March 19, 2007 was 37,162,902 shares.





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes
      [   ] No [ X ]





Transitional
      small business disclosure format (check one) Yes [   ] No [ X
      ]










DOCUMENTS
      TO BE INCORPORATED BY REFERENCE





The
      following documents are incorporated by reference herein: (i) Score One, Inc.’s
      Registration Statement No. 000-26717 on Form 10-SB as filed July 15, 1999,
      (ii)
      Score One, Inc.’s Report on Form 8-K as filed March 15, 2000, (iii) Score One’s
      Report on Form 10KSB as filed April 16, 2002, (iv) Score One, Inc.’s Report on
      Form 10QSB as filed August 15, 2002, (v) Score One, Inc.’s Report on Form 8-K as
      filed November 15, 2002, (vi) Score One, Inc.’s Report on Form 8-K as filed
      March 31, 2006, (vii) Score One, Inc.’s Report of Form 8K filed April 11, 2006,
      (viii) Score One, Inc.’s Definitive Schedule 14A as filed August 6, 2002 and
      (ix) the Company’s Report on Form 10KSB as filed April 17, 2006.






FORWARD
      LOOKING STATEMENTS




This
      Annual Report on Form 10-KSB and the documents incorporated herein contain
      “forward-looking statements” within the meaning of the Private Securities
      Litigation Reform Act of 1995. Such forward-looking statements involve known
      and
      unknown risks, uncertainties and other factors which may cause the actual
      results, performance or achievements of the Company, or industry results, to
      be
      materially different from any future results, performance or achievements
      expressed or implied by such forward-looking statements. When used in this
      Annual Report, statements that are not statements of current or historical
      fact
      may be deemed to be forward-looking statements. Without limiting the foregoing,
      the words “plan,” “intend,” “may,” “expect,” “believe,” “could,” “anticipate,”
“estimate,” or “continue” or similar expressions or other variations or
      comparable terminology are intended to identify such forward-looking statements.
      Readers are cautioned not to place undue reliance on these forward-looking
      statements, which speak only as of the date hereof. Except as required by law,
      the Company undertakes no obligation to update any forward-looking statements,
      whether as a result of new information, future events or otherwise.





Any
      reference to the “Company” or the” Registrant”,” we”, “our” or” us” means Score
      One, Inc. and its subsidiaries.





2


**Table
      of Contents**





Form
      10-KSB Index




PART
                I4Item 1.
            Description of
              Business
            6Item 2.
            Description of
              Property
            6Item 3.
            Legal Proceedings
            6Item 4.
            Submission
              of Matters to a Vote of Security HoldersPART
                IIItem 5.
            Market
                for Common Equity and Related Stockholder Matters
            6Item 6.
            Management’s Discussion and Analysis or Plan
              of Operation
            9Item 7.
            Financial
              Statements
            12Item 8.
            Changes
              in and Disagreements with Accountantson
              Accounting and FinancialDisclosure
            12Item 8A.
            Controls and Procedures
            12Item 8B.
            Other Information
            12PART
                IIIItem 9.
            Directors
              and Executive Officers of the Registrant
            13Item 10.
            Executive
              Compensation
            14Item 11.
            Security
              Ownership of Certain Beneficial Owners and Management and RelatedStockholder
              Matters
            14Item 12.
            Certain
              Relationships and Related Transactions
            15Item 13.
            Exhibits
            15Item 14.
            Principal
              Accountant Fees and Services
            16Signatures
            
            17Financial
              Statements
            F-1





3




**PART
      I**





**ITEM
      1.DESCRIPTION OF
      BUSINESS**





**General**





The
      Company was incorporated in the State of Nevada on June 7, 1996.





The
      Company was formerly in the printed circuit board manufacture business but
      has
      not had any business operations since March 25, 2003.





On
      February 7, 2006, the Company purchased a Hong Kong corporation called RC
      Capital Limited (“RC Capital”) for $1.00 as a wholly-owned subsidiary. RC
      Capital was a dormant company with no assets and liabilities and was formerly
      known as Richley (China) Limited. There is no written agreement for the purchase
      of RC Capital. RC Capital is currently the Company’s wholly owned operating
      subsidiary.





On
      October 21, 2005, the Company entered into a Business Restructuring Agreement
      (the “Agreement”) with Team Allied Profits Limited, a British Virgin Islands
      corporation (the “Consultant”). The Consultant was engaged by the Company to
      provide business restructuring services in order to solicit suitable businesses
      in Hong Kong or China with net asset values not less than $4,000,000 for
      acquisitions by the Company in order to restructure its business
      operations.





On
      April
      9, 2006, the Company entered into a Sale and Purchase Agreement (the “Sale and
      Purchase Agreement”) with RC Capital, Dalian Fengming International Recreation
      Town Co., Ltd. (“Dalian Fengming”) and Ms. Hoi-ho Kiu, CEO of the Company, which
      sets forth the terms and conditions of the acquisition of Dalian Fengming
      International Recreation Town Phase II (“Recreation Town”) in exchange for
      28,000,000 shares of common stock in the Company. The transaction is
      contemplated to be closed on or before July 31, 2006.





Recreation
      Town is a piece of undeveloped land of 1,000,000 square meters located in a
      peninsula in Dalian, China. Recreation Town was part of a large resort project
      originally planned to be developed by Dalian Fengming in 1992 which was never
      started due to lack of financing for development. According to Dalian Fengming,
      the current intrinsic development value of Recreation Town is approximately
      RMB
      600 million (approximately $75,000,000).





There
      were never any operations conducted with Recreation Town. The Company plans
      to
      commence the development of Recreation Town in the near future. Accordingly,
      it
      is actively seeking equity and/or debt financing in an amount up to $25,000,000,
      in order to finance the anticipated development costs.





Pursuant
      to the Sale and Purchase Agreement, the Registrant shall issue 18,000,000 shares
      and 10,000,000 shares of common stock to Ms. Hoi-ho Kiu and Dalian Fengming,
      respectively. The total fair market value of such shares is considered to be
      $28,000,000.





4


As
      of the
      date of this Report, the Consultant is performing due diligence reviews on
      several real estate projects in China which may be suitable acquisition
      candidates for the Company.





The
      Company is also actively seeking acquisition opportunities to acquire profitable
      businesses or operations which may include plant and significant equipment.
      As
      such, it is expected by the management that the Company may need to raise
      additional funds in addition to the $25,000,000 as referred above in the next
      twelve months for such acquisition purposes. Management does not expect that
      the
      Company will incur significant research and development costs.





On
      April
      20, 2006, RC Capital purchased 3,000,000 shares of common stock of Automated
      Fabrication Systems Corporation (“AFS”), a British Virgin Islands corporation,
      for $0.01 per share for a total of $30,000 in cash and AFS became our 75%
      indirectly owned subsidiary. On April 20, 2006, AFS was a holding company with
      no operations. On April 22, 2006, AFS paid $38,000 cash, principally from
      proceeds of its share sale, to the stockholders of Sino Asia Solution Limited,
      a
      Hong Kong corporation (“SAS”) to acquire 100% of the issued and outstanding
      common stock of SAS. This transaction was closed on April 25, 2006. There was
      no
      written agreement entered between AFS and the then stockholders of SAS, other
      than Instruments of Transfer of 200,000 shares, constituting 100% of the
      outstanding shares of SAS.





On
      October 23, 2006, RC Capital entered into a Share Exchange Agreement with 2Z
      Holdings Limited. Pursuant to this Share Exchange Agreement, AFS acquired 100%
      issued and outstanding capital of Suniton Group, Inc. for a consideration of
      2,950,000 shares of common stock of AFS issued in the name of RC Capital and
      1,000,000 new shares of AFS’s common stock. In addition, AFS’s shareholding in
      SAS would be disposed to RC Capital for $1.





On
      November 18, 2006, the Share Exchange Transaction was closed. Since then, SAS
      became the wholly owned subsidiary of RC Capital. The remaining 50,000
      restricted shares of AFS in the name of RC Capital were swapped with 49,900
      unrestricted shares of AFS held by one of the stockholders of AFS. RC Capital
      had distributed all these 49,900 shares to all stockholders of the Company
      on a
      pro-rata basis with a minimum 10 shares per stockholder. The management
      estimated that the fair market value of such 49,900 shares of AFS amounted
      to
      $99,800.





**Competition**





The
      Company believes that RC Capital is one of the few companies in Hong Kong and
      Southern China to offer the following services to clients in Hong Kong and
      China:





1.
                introduction
                    of United States listing professional parties including legal
                    firms and
                    accounting firms; and


2.
                  financial
                      reporting consultancy services for United States
                      listings.





The
      principal competitors of RC Capital are Yorkshire Capital and Orient Financial
      Services Limited, both of which provide similar services to Hong Kong and China
      customers.





Any
      services that RC Capital markets will have to compete for market acceptance
      and
      market share. An important factor in this competition may be prompt response
      to
      assist clients in compliance of financial reporting requirements. Accordingly,
      the relative devotedness with which RC Capital’s management team will be
      important competitive factors.





5


**Regulation**





RC
      Capital’s services are not subject to regulations in Hong Kong and China.





**Employees**





As
      of
      March 31, 2006, RC Capital did not have any employees. In the future, none
      of RC
      Capital’s employees will be represented by labor unions.





RC
      Capital’s primary hiring sources for its future employees include referrals,
      print and Internet advertising and direct recruiting. All of RC Capital’s
      professional employees will be highly skilled and highly educated and subject
      to
      rigorous recruiting standards. RC Capital will attract talent from numerous
      sources, including higher learning institutions, colleges and
      industry **.** Competition
      for these employees is intense. If RC Capital fails to attract highly
      experienced and qualified employees, it could have a material adverse effect
      on
      RC Capital’s business, prospects, financial condition and results of
      operations.




**ITEM
      2.DESCRIPTION OF
      PROPERTY**





Currently,
      RC Capital has leased a business office of about 450 sq. ft. in Hong Kong at
      Room 704, Wai Fung Plaza, 664 Nathan Road, Mongkok, Kowloon, Hong Kong at a
      monthly rental of approximately $1,250. In the meantime, the Company has
      remained a virtual office in a business centre at Suites 2203-06, Level 22,
      Office Tower, Langham Place, 8 Argyle Street, Mongkok, Kowloon, Hong Kong at
      a
      monthly charge of $26.





**ITEM
      3.LEGAL
      PROCEEDINGS**





There
      are
      no past, pending or, to our knowledge, threatened litigation or administrative
      actions which in our opinion have had or are expected to have a material adverse
      effect upon our business, prospects financial condition or
      operations.





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




No
      matters were submitted for a vote of security holders during the fourth quarter
      of the fiscal year ending December 31, 2006.




**PART
      II**








**ITEM
      5.MARKET FOR COMMON
      EQUITY AND RELATED STOCKHOLDER MATTERS**





The
      Company’s common stock has been re-listed on the Over-the-Counter Bulletin Board
      effective March 8, 2007 under ticker symbol SREA.OB. The last trade of the
      Company’s common stock occurred on March 19, 2007 at a price of $0.15 per share.
      The annual high price of the Company’s common stock was $0.30 per share and the
      annual low price was $0.0001. To the best knowledge of the current directors,
      the high and low bid information for the Company’s common stock for each quarter
      within the last two fiscal years is not available.





6


**Holders**





As
      of
      March 19, 2007, the Company had 31,162,902
      shares of common stock held by approximately 340 stockholders.





Pacific
      Stock Transfer Company, 500 E. Warm Springs Road, Suite 240, Las Vegas NV 89119
      is the Company’s stock transfer agent.





**Dividend
      Policy**





The
      Company’s future dividend policy will depend upon its earnings, capital
      requirements, financial condition, and other factors considered relevant by
      the
      Board of Directors. The Company presently intends to distribute all common
      stock
      of its clients, earned in the course of its normal business, to its
      stockholders. There are no material restrictions limiting, or that are likely
      to
      limit, the Company’s ability to pay dividends on its common stock.





**Recent
      Sales of Unregistered Securities**





For
      the
      fiscal year ended December 31, 2006, the Company had not sold any securities
      without registration under the Securities Act of 1933, as amended (the
“Securities Act”), in reliance upon the exemptions from registration under
      Section 4(2) of the Securities Act and Regulation D.





**Securities
      Authorized for Issuance under Equity Compensation Plans**





**2006
      Incentive and Nonstatutory Stock Option Plan**





On
      July
      12, 2006, the Board of Directors of the Company adopted the Company's 2006
      Incentive and Nonstatutory Stock Option Plan (the “2006 Plan”) and directed that
      it be presented to the stockholders for their approval and adoption. The
      majority Stockholders will be asked to consider and approve the adoption of
      the
      2006 Plan no later than July 11, 2007.





The
      2006
      Plan provides for the issuance of up to 6,000,000 shares of common stock to
      the
      Company's directors, officers, employees and consultants in the form of stock
      options. The purpose of the 2006 Plan is to ensure that the Company retains
      the
      services of valued key directors, officers, employees and consultants, and
      to
      encourage such people to acquire a greater proprietary interest in the Company,
      thereby strengthening their incentive to achieve the objectives of the
      stockholders of the Company. The Plan also serves as an aid and inducement
      in
      the attracting and hiring of new directors, officers, employees and consultants
      as needed.





The
      Board
      of Directors of the Company will initially administer the 2006 Plan, except
      that
      the Board may, at its discretion, establish a committee comprised of two or
      more
      members of the Board or two or more other persons to administer the 2006 Plan
      (the "Plan Administrator").





7





Option
      Grant Program





Incentive
      stock options (those stock options that qualify under Section 422 of the
      Internal Revenue Code of 1986 (“the “Code”)) may be granted to any individual
      who is, at the time of the grant, our employee. Non-qualified stock options
      (those options that do not qualify under Section 422 of the Code) may be granted
      to employees and other people, including our directors and officers.





Grants
      under the option grant program may be structured as installment options which
      become exercisable for vested shares over the optionee’s period of service or as
      immediately exercisable options for unvested shares which will be subject to
      repurchase by us, at the option exercise price paid per share, upon the
      optionee’s termination of service prior to vesting in those shares. All option
      grants must have an exercise price not less than 100% of the fair market value
      of the option shares on the grant date.





Each
      option is to have a maximum term of ten years, subject to earlier termination
      in
      the event the optionee leaves our service. The optionee will have up to a three
      month period following termination of service (for reasons other than death
      or
      disability) in which to exercise the option. This period will be extended to
      12
      months if the optionee’s service terminates by reason of disability, and in the
      event of the optionee’s death, the personal representative of the optionee’s
      estate (or the person inheriting the option) will have up to a 12 month period
      following the optionee’s death in which to exercise the option.





To
      exercise the option, the optionee must execute a stock purchase agreement and
      pay the exercise price for the purchased shares. Payment is to be made in cash;
      however, the Plan Administrator may also permit the optionee to deliver a
      full-recourse interest-bearing promissory note for the purchased shares payable
      in one or more installments. Provided that our shares remain publicly traded,
      the exercise price may be paid in shares of Common Stock or, alternatively,
      through the optionee’s participation in a same-day sale program. Under such
      program, the option shares are sold immediately following the exercise of the
      option, and a portion of the sale proceeds is applied to the payment of the
      exercise price and all applicable withholding taxes.





In
      the
      event we are acquired by merger or asset sale, the option shares will
      immediately vest, and the option may be exercised for any or all of those vested
      shares prior to the effective date of such acquisition. However, such
      accelerated vesting will not occur if our repurchase rights with respect to
      the
      unvested option shares are assigned to the acquiring entity. The Plan
      Administrator will have the discretion to structure one or more option grants
      under the Plan so that the shares subject to those options will immediately
      vest
      in the event the optionee’s service is involuntarily terminated within 18 months
      following an acquisition in which our repurchase rights are so assigned, and
      the
      optionee would then have a one-year period to exercise the accelerated options
      for fully-vested shares. It is anticipated that this special vesting
      acceleration provision would be made available only on a limited case-by-case
      basis.





The
      stock
      purchase agreement will provide us with the right to repurchase, at the original
      exercise price paid per share, any unvested shares held by the optionee at
      the
      time of his or her termination of service. The applicable vesting schedule
      will
      be set forth in the Notice of Grant. Full and immediate vesting of all the
      option shares will occur upon an acquisition by merger or asset sale, unless
      the
      repurchase right applicable to those shares is assigned to the successor
      company. One or more repurchase rights outstanding under the Plan may be
      structured so that those rights will subsequently lapse (and the option shares
      will immediately vest) upon an involuntary termination of the optionee’s service
      within 18 months following the effective date of an acquisition in which the
      repurchase rights are assigned to the successor company.





8
 
  Plan Category
              Number of securities
                to be issued upon exercise
                of outstanding options.
              Weighted -average
                exercise price of outstanding
                options
              Number of securities
                available for future issuanceEquity compensationplans
                  approved
                by security holders
              -
              -
              -Equity compensationplans not
                  approved
                by security holders
              6,000,000 shares of common
                stock
              .001
              -0-Total
              6,000,000
              -
              -0-


**Purchases
      of Equity Securities**


None.





**ITEM
      6.MANAGEMENT'S
      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS**





**Overview**





The
      following discussion and analysis should be read in conjunction with the
      financial statements, including the notes thereto, appearing elsewhere in this
      report.





**Plan
      of Operation**





Recreation
      Town is a piece of undeveloped land of 1,000,000 square meters located in a
      peninsula in Dalian, China. Recreation Town was part of a large resort project
      originally planned to be developed by Dalian Fengming in 1992 which was never
      started due to lack of financing for development. According to Dalian Fengming,
      the current intrinsic development value of Recreation Town is approximately
      RMB
      600 million (approximately $75,000,000).





There
      were never any operations conducted with Recreation Town. The Company plans
      to
      commence the development of Recreation Town in the near future. Accordingly,
      it
      is actively seeking equity and/or debt financing in an amount up to $25,000,000,
      in order to finance the anticipated development costs for the next 12 months.





9


The
      Company, through its new subsidiary, RC Capital, is offering the following
      services to clients in Hong Kong and China:





1.
              merger
                  and acquisitions business
                  opportunities;


2.
                  equity
                      or debt financing
                      opportunities;


3.
                  introduction
                      of Hong Kong and/or United States listing professional parties
                      including
                      legal firms and accounting firms; and


4.
                  financial
                      reporting consultancy services for Hong Kong and/or United
                      States
                      listings.





As
      of the
      date of this Report, RC Capital has successfully been engaged as financial
      consultant by the new principal of AFS to provide the above services and
      recorded further revenues in this quarter. In addition, RC Capital has
      successfully been engaged in business restructuring of another grey sheet US
      company. The management expects the Company will earn significant profits from
      these 2 transactions in form of freely tradable common stock once their shares
      are listed/re-listed on the OTCBB.





Management
      does not expect that the Company will incur significant research and development
      costs.





SAS,
      the
      wholly owned subsidiary of AFS, plans to commence business operations for the
      target market of Mainland China. In the near future, SAS plans to translate
      its
      iRSS System into Chinese Upgraded Version. Accordingly, it is actively seeking
      equity financing in an amount up to $2,000,000, in order to finance the
      anticipated research and development costs for the next twelve
      months.





**Results
      of Operations**




The
      following table sets forth, for the years indicated, the Company’s selected
      financial information:




Revenues




The
      Company did not have any revenues in the year ended December 31, 2005 because
      the Company was **** not
      had
      any business operations since March 25, 2003 up to late 2005. After the
      acquisition of RC Capital on February 7, 2006, AFS on April 20, 2006 and SAS
      on
      April 25, 2006, the Company started to generate revenues for the year ended
      December 31, 2006 and recorded net revenue of $703,239.





Cost
      of Sales




The
      Company did not have a cost of sales for the year ended December 31, 2005
      because the Company was not had any business operations since March 25, 2003
      up
      to late 2005. After the acquisition of RC Capital on February 7, 2006, AFS
      on
      April 20, 2006 and SAS on April 25, 2006, the Company incurred cost of goods
      sold for the year ended December 31, 2006 of $34,910.





Operating
      Expenses




During
      the year, the Company completed the issuance of 30,000,000 million consultancy
      shares to Team Allied Profits Limited at fair value of $300,000. The Company’s
      other general and administrative expenses increased to $84,835 during the year
      ended December 31, 2006 after the acquisition of RC Capital, AFS and SAS.




10


Income
      Taxes




The
      Company was not required to pay any income taxes during its last fiscal year
      as
      it did not have any income. Management of the Company believes that it will
      have
      to pay income taxes during the year ending December 31, 2007 because RC Capital
      and SAS had Hong Kong tax losses brought forward although they are subject
      to a
      standard Hong Kong profits tax rate of 17.5% on its net assessable
      profits.





Net
      Income




Net
      loss
      for the year ended December 31, 2005 was $100 because the Company did not have
      any business operations since March 25, 2003 up to late 2005 as compared to
      a
      net income of $281,913 for the year ended December 31, 2006 after the
      acquisition of RC Capital, AFS and SAS.




Liquidity
      And Capital Resources




The
      Company had cash or cash equivalents of $14,860 at December 31, 2006 as a result
      of the acquisition of RC Capital, AFS and SAS compared to $4,900 at December
      31,
      2005 when the Company merely did not have any business operations since March
      25, 2003 up to late 2005. Net cash provided by operations amounted to $105,057
      for the year ended December 31, 2006.




As
      shown
      in the accompanying financial statements, now that the Company has acquired
      RC
      Capital, SAS and AFS, its working capital surplus has improved significantly
      to
      $452,249 as of December 31, 2006. The Company may require additional financing
      in order to implement its various business plans through third party financing
      in the form of equity or debt financing. Particularly in light of the Company’s
      limited operating history, there can be no assurance that the Company will
      be
      able to obtain the necessary additional capital on a timely basis or on
      acceptable terms, if at all. In any such event, the Company’s growth and
      prospects would be materially and adversely affected. As a result of any such
      financing, the Company’s shareholders may experience substantial dilution. In
      addition, results may be negatively impacted as a result of political and
      economic factors beyond management’s control, as China is still a developing
      country and the Company’s capital requirements may increase.





**Critical
      Accounting Estimates**





The
      preparation of our financial statements in conformity with accounting principles
      generally accepted in the United States of America requires our management
      to
      make certain estimates and assumptions that affect the reported amounts of
      assets and liabilities and disclosure of contingent assets and liabilities
      at
      the date of the financial statements and the reported amounts of revenues and
      expenses during the reporting period. As such, in accordance with the use of
      accounting principles generally accepted in the United States of America, our
      actual realized results may differ from management’s initial estimates as
      reported. A summary of our significant accounting policies are detailed in
      the
      notes to the financial statements which are an integral component of this
      filing.





11





**Off-Balance
      Sheet Arrangements**





The
      Company does not have any off-balance sheet arrangements, that have or are
      reasonably likely to have a current or future effect on the Company’s financial
      condition, changes in financial condition, revenues or expenses, results of
      operations, liquidity, capital expenditures or capital resources that are
      material to investors.





**ITEM
      7.FINANCIAL
      STATEMENTS**





The
      financial statements required to be filed pursuant to this Item 7 begin on
      page
      F-1 of this report.





**ITEM
      8.CHANGES IN AND
      DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE**





None.




**ITEM
      8A.CONTROLS AND
      PROCEDURES**





As
      required by SEC rules, we have evaluated the effectiveness of the design and
      operation of our disclosure controls and procedures at the end of the period
      covered by this report. The evaluation was carried out by our Chief Executive
      Officer and Chief Financial Officer (the “Certifying Officers”). Based upon this
      evaluation, the Certifying Officers have concluded that the design and operation
      of our disclosure controls and procedures are effective. Such disclosure
      controls and procedures are designed to ensure that material information is
      made
      known to the Certifying Officers, particularly during the period in which this
      report was prepared. The Certifying Officers have evaluated the effectiveness
      of
      our disclosure controls and procedures as of the end of the period covered
      by
      this report and believe that our disclosure controls and procedures are
      effective based on the required evaluation. During the period covered by this
      report, there were no changes in internal controls that materially affected,
      or
      are reasonably likely to materially affect, our internal control over financial
      reporting.




**ITEM
      8B.OTHER
      INFORMATION**





None.




12


**PART
      III**




**ITEM
      9.DIRECTORS AND
      EXECUTIVE OFFICERS**





**Directors
      and Officers**





The
      individuals below served as officers or directors of the Company during the
      Fiscal year ended December 31, 2006 and to the present:





NAME
            AGE
            POSITION
            TERM(S)
                OF OFFICEHoi-ho
                Kiu
            44
            Director
                and CEO
            November
                2005 to presentLai
                Ming Lau
            43
            Director,
                Secretary and CFO
            November
                2005 to presentTing
                Heung Lam
            26
            Director
                and Secretary
            September
                2005 to March 2006




**Hoi-Ho
      Kiu** ,
      Director and Chief Executive Officer. Since October 2005, Ms. Kiu has been
      the
      chief executive officer of Golden Health Holdings, Inc. She has over 20 years
      of
      experience in doing businesses in China. Prior
      to
      joining Golden Health Holdings, Inc., she was an assistant general manager
      of
      Beijing Hua Xin Group, a Chinese state-owned real estate conglomerate from
      March
      1995 to September 2005.





**Lai
      Ming Lau** ,
      Director, Chief Financial Officer and Secretary. Since July 1992, Ms. Lau has
      been the Director and proprietor of Richley (China) Limited, now known as RC
      Capital Limited. Ms. Lau holds a Hons. Diploma in Law and Business Hong Kong
      Shue Yan College and has over 15 years of experience of doing trading businesses
      in Asia such as China, Indonesia and Taiwan .





**Ting
      Heung Lam** ,
      a
      former director, since January 2001, has been a self-employed accounting
      consultant in Hong Kong where she is providing accountancy services for various
      clients in Hong Kong.





Each
      director holds office (subject to the Company’s By-Laws) until the next annual
      meeting of shareholders and until such director's successor has been elected
      and
      qualified. All of the Company’s executive officers are serving until the next
      annual meeting of directors and until their successors have been duly elected
      and qualified. There are no family relationships among any of the Company’s
      current directors and executive officers.





The
      Company does not have a Compensation Committee, an Audit
      Committee or a Nominating Committee. The Board of Directors of the Company
      plans
      to expand the number of members on the board and create an independent
      Compensation Committee, Audit Committee and a Nominating Committee.




**Legal
      Proceedings**





Neither
      the Company nor any of its officers and directors is party to current or pending
      legal proceedings.





**Code
      of Ethics**





The
      Company’s Board of Directors has adopted a Code of Ethics which applies to every
      officer, director and employee of the Company.





13




**Section
      16(a) Beneficial Ownership Reporting Compliance**





Based
      solely on our review of certain reports filed with the Securities and Exchange
      Commission pursuant to Section 16(a) of the Securities Exchange Act of 1934
      (the
      "1934 Act"), as amended for the Company’s fiscal year ending December 31, 2006,
      there were no delinquent filers under Section 16(a) with the exception of Ting
      Heung Lam, who has not filed a Form 4 Statement of Changes in Beneficial
      Ownership reporting the end of [his/her] tenure with the Company in March of
      2006.




**ITEM
      10.EXECUTIVE
      COMPENSATION**




None
      of
      our principal executive officers and directors have received compensation for
      our last two fiscal years. There have been no annuity, pension or retirement
      benefits ever paid to our officers, directors or employees. We do not have
      employment agreements with any of these officers.




None
      of
      our executive officers and directors have received other compensation,
      perquisites and/or personal benefits in excess of $10,000.




**GRANTS
      OF PLAN-BASED AWARDS**





None
      of
      our executive officers and directors have received compensation under our stock
      option/stock issuance plans during the fiscal year ended December 31,
      2006.




**OUTSTANDING
      EQUITY AWARDS AT FISCAL YEAR-END**





None
      of
      our executive officers or directors have outstanding equity in the
      Company.





**ITEM
      11.SECURITY
      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER
      MATTERS.**





The
      following table sets forth information as of the date hereof with respect to
      the
      beneficial ownership of the outstanding shares of the Company common stock
      immediately following the Transaction by (i) each person known by the Company
      to
      beneficially own 5% or more of the outstanding shares; (ii) the Company’s
      officers and directors; and (iii) the Company’s officers and directors as a
      group.





As
      used
      in the table below, the term “beneficial ownership” means the sole or shared
      power to vote or direct the voting, or to dispose or direct the disposition,
      of
      any security. A person is deemed as of any date to have beneficial ownership
      of
      any security that such person has a right to acquire within 60 days after such
      date. Except as otherwise indicated, the stockholders listed below have sole
      voting and investment powers with respect to the shares indicated. This table
      is
      calculated based upon 37,162,902 shares of common stock
      outstanding.





14




Name and Address of
              Beneficial Owner
            Shares
                of Common Stock
              Beneficially
                Owned
            Percentage
                of Class
              Beneficially
                OwnedTeam
                Allied Profits Limited
              Suites
                2203-06, Level 22,
              Office
                Tower, Langham Place,
              8
                Argyle Street, Mongkok,
              Kowloon,
                Hong Kong
            30,000,000
            80.7%Hoi-Ho
                Kiu, CEO, Director
              Room
                03, 17/F.,
              Fee
                Tat Commercial Centre,
              613
                Nathan Road, Mongkok,
              Kowloon,
                Hong Kong
            0
            0%Lai
                Ming Lau, CFO, Secretary, Director
              Suites
                2203-06, Level 22,
              Office
                Tower, Langham Place,
              8
                Argyle Street, Mongkok,
              Kowloon,
                Hong Kong
            0
            0%All
                current Officers and Directors
              as
                a group (two persons)
            0
            0%




There
      are
      no arrangements known to the Company, including any pledge by any person of
      securities of the Company, the operation of which may at a subsequent date
      result in a change of control of the Company.





**ITEM
      12.** **CERTAIN
      RELATIONSHIPS AND RELATED TRANSACTIONS.**





None.




**ITEM
      13.EXHIBITS**




**Exhibit**
            **Description**3.1
            Articles of Incorporation of Aloha "The
              Breath of Life" Foundation, Inc.3.2
            Certificate of Amendment to the Articles
              of
              Incorporation filed with the Nevada Secretary of State on March 9,
              2000.3.3
            Certificate of Amendment to Articles
              of
              Incorporation dated February 6, 2002.3.4
            Certificate of Amendment to Article
              of
              Incorporation dated August 17,
              2002.




1 Incorporated by reference to the Company’s Registration Statement No. 000-26717
      on Form 10-SB as filed July 15, 1999.


2 Incorporated by reference to the Company’s Report on Form 8K as filed March 15,
        2000.
 3 Incorporated by reference to the Company’s Report on Form 10KSB as filed April
        16, 2002.
 4 Incorporated by reference to the Company’s Definitive Schedule 14A as filed
        August 6, 2002.


15




3.5
              By-Laws of Score One, Inc.4.1
              Certificate of Designations, Voting
                Powers,
                Preferences, Limitations, Restrictions, and Relative Rights of Series
                A
                Convertible Preferred Stock dated April 15, 2002.4.2
              Certificate of Designations, Voting
                Powers,
                Preferences, Limitations, Restrictions, and Relative Rights of Series
                B
                Convertible Preferred Stock dated November 1, 2002.4.3
              Form of Regulation S Subscription
                Agreement.10.1
              Business
                  Restructuring Agreement, dated October 21, 2005, betweenScore
                  One, Inc. and Team Allied Profits Limited.10.2
              Sale and Purchase Agreement, dated
                April 9,
                2006, among Score One, Inc., RC Capital Limited, Dalian Fengming
                International Recreation Town Co., Ltd. and Ms. Hoi-ho Kiu10.3
              2006 Incentive and Non-Statutory Stock
                Option
                Plan, filed herewith.14.0
              Code of Ethics.21.1
              Subsidiaries31.1
              Certification
                  of Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a)
                  of
                  the Securities Exchange Act of 1934, as adopted pursuant to Section
                  302 of
                  the Sarbanes-Oxley Act of 2002.31.2
              Certification
                  of Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a)
                  of
                  the Securities Exchange Act of 1934, as adopted pursuant to Section
                  302 of
                  the Sarbanes-Oxley Act of 2002.32.1
              Certifications
                  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.




**ITEM
      14. PRINCIPAL
      ACCOUNTANT FEES AND SERVICES**





**Name
      of Auditor and Tax Advisor**


Jeffrey
      Tsang & Co., CPA, Hong Kong





**Audit
      Fees**


$2,000.





**Audit
      Related Fees**


None.





**Tax
      Fees**


None





**All
      Other Fees**


None.


5  Incorporated by reference to the Company’s Registration Statement No. 000-26717
        on Form 10-SB as filed July 15, 1999.
 6  Incorporated by reference to the Company’s filing on Form 10-QSB as filed August
        15, 2002.
 7  Incorporated by reference to the Company’s filing on Form 8-K as filed November
        15, 2002.
 8  Incorporated by reference to the Company’s filing on Form 10QSB as filed August
        15, 2002.
 9  Incorporated by reference to the Company’s filing on Form 8K as filed March 31,
        2006.
 10  Incorporated by reference to the Company’s filing on Form 8K as filed April 11,
        2006.
 11  Incorporated by reference to the Company’s filing on Form 10KSB for the period
        ending December 31, 2002, as filed April 17, 2006.




16


**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.




SCORE
              ONE,
              INC.By:
            /s/ Hoi-ho
              KiuHoi-ho
              KiuDirector
              and Chief Executive Officer Dated: March 31, 2007


Pursuant
      to the requirements of the Securities Exchange Act of 1934, this report has
      been
      signed by the following persons on behalf of the Registrant and in the
      capacities and on the dates indicated.




Signature
            Title
            Date/s/ Hoi-ho
              Kiu
            Chief Executive Officer and Director
            March 31, 2007Hoi-ho Kiu
            (Principal Executive Officer)/s/ Lai Ming
              Lau__
            Chief Financial Officer,
            March 31, 2007Lai Ming Lau
            (Principal Financial and
              Accounting Officer),Secretary and Director





17


INDEX
        TO
        FINANCIAL STATEMENTS
 
 
 Report
                  of Independent Registered Accounting Firm
              
              F-2Consolidated
                  Balance Sheet
              
              F-3As
                  of December 31, 2006Consolidated
                  Statement of Operations
              
              F-4For
                  the two years ended December 31, 2006 and December 31,
                  2005Consolidated
                  Statement of Cash Flows
              
              F-5For
                  the two years ended December 31, 2006 and December 31,
                  2005Statement
                  of Stockholders’ Equity
              
              F-6For
                  the two years ended December 31, 2006 and December 31,
                  2005









**JEFFREY
        TSANG & CO.**
 **CERTIFIED
        PUBLIC ACCOUNTANTS**
 Room
        1104, 11/F, Fourseas Building, 208 Nathan Road, Kowloon, Hong Kong
        SAR.
 Tel:
        (852) 2781 1606      Fax: (852) 2783
        0752     E-mail: info@hkjtc.com
 
 REPORT
        OF
        INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 TO
        THE
        BOARD OF DIRECTORS AND SHAREHOLDERS OF
 SCORE
        ONE, INC.
 (A
        NEVADA
        CORPORATION)
 
 
 
 We
        have
        audited the accompanying balance sheet of Score One, Inc. as of December
        31,
        2006 and the related statements of operations, changes in stockholders' equity,
        and cash flows for the two years ended December 31, 2006 and 2005. These
        financial statements are the responsibility of the Company's management.
        Our
        responsibility is to express an opinion on these financial statements based
        on
        our audits.
 
 We
        conducted our audits in accordance with the standards of the Public Company
        Accounting Oversight Board (United States). Those standards require that
        we plan
        and perform the audits to obtain reasonable assurance about whether the
        financial statements are free of material misstatement. The Company is not
        required to have, nor were we engaged to perform, an audit of its internal
        control over financial reporting. Our audits included consideration of internal
        control over financial reporting as a basis for designing audit procedures
        that
        are appropriate in the circumstances, but not for the purpose of expressing
        an
        opinion on the effectiveness of the Company’s internal control over financial
        reporting. Accordingly, we express no such opinion. An audit also includes
        examining, on a test basis, evidence supporting the amounts and disclosures
        in
        the financial statements, assessing the accounting principles used and
        significant estimates made by management, as well as evaluating the overall
        financial statement presentation. We believe that our audits provide a
        reasonable basis for our opinion.
 
 In
        our
        opinion, the financial statements referred to above present fairly, in all
        material respects, the financial position of Score One, Inc. as of December
        31,
        2006, and the results of its operations and its cash flows for the two years
        ended December 31, 2006 and 2005, in conformity with United States generally
        accepted accounting principles.
   /s/
        JEFFREY TSANG & CO.
 
 CERTIFIED
        PUBLIC ACCOUNTANTS
 
 Hong
        Kong
 March
        20,
        2007




F-2




Score
                  One, Inc.Consoldiated
                  Balance sheet (in USD)As
                  of December 31, 2006AssetsCurrent
                  assetsCash
                  in hand
              
              
              14,860Account
                  Receivable
              
              
              211,653Other
                  receivable and current assets
              
              
              258,800Total
                  current assets
              
              
              485,313Intangible
                  assets
              
              
              35,764Total
                  assets
              
              
              521,077Liabilities
                  and Stockholders' EquityCurrent
                  liabilitiesAccrued
                  expenses
              
              
              32,965Income
                  tax payable
              
              
              99Total
                  liabilities
              
              
              33,064Stockholders'
                  equityPreferred
                  stock5,000,000
                  shares authorized, $0.001 par value,Series
                  A convertible, authorized 500,000 shares,138,181
                  shares issued and outstandingSeries
                  B convertible, authorized 57,000 shares,no
                  shares issued and outstanding
              
              
              138Common
                  stock50,000,000
                  shares authorized, $0.001 par value,37,162,902
                  shares issued and outstanding
              
              
              37,163Additional
                  paid-in-capital
              
              
              270,000Retained
                  earnings
              
              
              180,712Total
                  Stockholders' Deficit
              
              
              488,013Total
                  Liabilities and Stockholders' Deficit
              
              
              521,077See
                  accompanying notes to financial statements.


F-3




Score
                  One, Inc.Consolidated
                  statements of operations (in USD)For
                  the two years ended December 312006
              
              2005Net
                  sales
              
              $
              703,239
              
              $
              -Cost
                  of sales
              
              
              (34,910
              )
              
              -Gross
                  profit
              
              
              668,329
              
              
              -Shares
                  issued for services
              
              
              (300,000
              )
              
              -Other
                  general and administrative expenses
              
              
              (84,835
              )
              
              (100
              )Income/(loss)
                  from operations
              
              
              283,494
              
              
              (100
              )Finance
                  cost
              
              
              (284
              )
              
              -Income/(loss)
                  before tax
              
              
              283,210
              
              
              (100
              )Income
                  tax
              
              
              -
              
              
              -Income/(loss)
                  before minority interests
              
              
              283,210
              
              
              (100
              )Minority
                  interests
              
              
              (1,297
              )
              
              -Net
                  income/(loss)
              
              $
              281,913
              
              $
              (100
              )Earnings
                  per share - basic and diluted
              
              $
              0.01
              
              $
              (0.00
              )Weighted
                  average number of shares - basic
              
              
              25,162,902
              
              
              1,162,902Weighted
                  average number of shares - diluted
              
              
              25,301,083
              
              
              1,301,083See
                  accompanying notes to financial statements.




F-4




Score
                  One, Inc. and subsidiariesConsolidated
                  statements of cashflows (unaudited, in USD)For
                  the years ended December 31INCREASE
                  (DECREASE) IN CASH AND CASH EQUIVALENTS2006
              
              2005Cash
                  flows provided by operating activities:Net
                  income
              
              $
              281,913
              
              $
              (100
              )Adjustments
                  to reconcile net (loss) tocash
                  used in operating activities:Common
                  stock issued for services
              
              
              300,000
              
              
              -Minority
                  interests
              
              
              1,297
              
              
              -Changes
                  in assets and liabilities:Increase
                  in assetsAccount
                  receivable
              
              
              (211,653
              )
              
              -Other
                  current assets
              
              
              (258,800
              )
              
              -Intangible
                  assets
              
              
              (35,764
              )Increase/(decrease)
                  in liabilitiesAccrued
                  expenses
              
              
              32,965
              
              
              -Other
                  payable
              
              
              (5,000
              )
              
              5,000Income
                  tax payable
              
              
              99Total
                  adjustments
              
              
              (176,856
              )
              
              5,000Net
                  cash provided by operating activities
              
              
              105,057
              
              
              4,900Cash
                  flows provided by financing activities:Issuance
                  of stock under stock option plan
              
              
              6,000
              
              
              -Financing
                  activities:Minority
                  interest
              
              
              (1,297
              )
              
              -Dividends
                  in form of common stock of customers
              
              
              (99,800
              )
              
              -Net
                  increase in cash
              
              
              9,960
              
              
              4,900Cash,
                  beginning of period
              
              
              4,900
              
              
              -Cash,
                  end of period
              
              $
              14,860
              
              $
              4,900Supplemental
                  disclosure of cashflow information:Interest
                  paid
              
              $
              -
              
              $
              -Tax
                  paid
              
              $
              -
              
              $
              -Non-cash
                  financing activities:Common
                  stock issued for service
              
              $
              300,000
              
              $
              -See
                  accompanying notes to financial statements.


F-5




Score
                  One, Inc.Statements
                  of stockholders' equity (in USD)For
                  the two years ended December 31Retainedearnings/Preferred
                  stock
              
              Common
                  stock
              
              Additional
              
              accumulatedShares
              
              Amount
              
              Shares
              
              Amount
              
              Paid-in
                  capital
              
              deficit
              
              TotalBalance
                  at December 31, 2004
              
              
              138,181
              
              $
              138
              
              
              1,162,902
              
              $
              1,163
              
              $
              -
              
              $
              (1,301
              )
              $
              -Net
                  loss for the year
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              (100
              )
              
              (100
              )Balance
                  at December 31, 2005
              
              
              138,181
              
              
              138
              
              
              1,162,902
              
              
              1,163
              
              $
              -
              
              
              (1,401
              )
              
              (100
              )Common
                  stock issued for services
              
              
              -
              
              
              -
              
              
              36,000,000
              
              
              36,000
              
              
              270,000
              
              
              -
              
              
              306,000Dividend
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (99,800
              )
              
              (99,800
              )Net
                  income for the year
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              281,913
              
              
              281,913Balance
                  at December 31, 2006
              
              
              138,181
              
              $
              138
              
              
              37,162,902
              
              $
              37,163
              
              $
              270,000
              
              $
              180,712
              
              $
              488,013See
                  accompanying notes to financial statements.


F-6