**UNITED
      STATES SECURITIES AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**







**FORM
      10-QSB**







**x**
            QUARTERLY
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934





**For
      the quarterly period ended March 31, 2007**





**o**
            TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934





**For
      the transition period from _____________**


**Commission
      File No. 000-51914**







**UNITED
      NATIONS SECURITIES ASSOCIATION, INC.**


**(Exact
      name of small business issuer as specified in its charter)**







**Delaware**(State
                or other jurisdiction of
              incorporation
                or organization)
            (I.R.S.
                Employer Identification No.)








**590
                Madison Avenue, 21****st****Floor, New York, N.Y.**
            **10022**(Address
                of principal executive offices)
            (Zip
                Code)







**(917)
                346-1489**(Issuer’s
                telephone number)





Check
      whether the issuer (1) has filed all reports required to be filed by Section
      13
      or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter
      period that the issuer was required to file such reports), and (2)has been
      subject to such filing requirements for the past 90 days. Yes x No
      o




Check
      whether the registrant has filed all documents and reports required to be filed
      by Sections 12, 13, or 15(d) of the Exchange Act subsequent to the distribution
      of securities under a plan confirmed by a court. Yes o  No x





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


Yes
        xNo o




State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of May 14, 2007: 100,000 shares of common stock.





Transitional
      Small Business Disclosure Format (check one): Yes o No x









**TABLE
      OF CONTENTS**





**PART
                I - FINANCIAL INFORMATION**
            
            
            3Item
                1.   Financial Information
            
            
            3Item
                2.   Management’s Discussion and Analysis or Plan of
                Operation
            
            
            4Item
                3.   Controls and Procedures
            
            
            6**PART
                II -OTHER INFORMATION**
            
            
            7Item
                1.   Legal Proceedings.
            
            
            7Item
                2.   Unregistered Sales of Equity Securities and Use of
                Proceeds.
            
            
            7Item
                3.   Defaults Upon Senior Securities.
            
            
            7Item
                4.   Submission of Matters to a Vote of Security
                Holders.
            
            
            7Item
                5.   Other Information.
            
            
            7Item
                6.   Exhibits and Reports of Form 8-K.
            
            
            7**SIGNATURES**
            
            
            8





2





**PART
      I - FINANCIAL INFORMATION**





**ITEM
                1.**
            **FINANCIAL
                INFORMATION**


**UNITED
          NATIONS SECURITIES ASSOCIATION, INC.**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 
 **CONTENTS**
 
 PAGE
                F-1
                CONDENSED
                    BALANCE SHEET AS OF MARCH 31, 2007 (UNAUDITED)PAGE
                F-2
                CONDENSED
                    STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31,
                    2007 AND 2006
                    AND FOR THE PERIOD FROM APRIL 25, 2005 (INCEPTION) TO MARCH 31, 2007.
                    (UNAUDITED)PAGE
                F-3
                CONDENSED
                    STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY FOR THE PERIOD FROM APRIL 25,
                    2005 (INCEPTION) TO MARCH 31, 2007. (UNAUDITED)PAGE
                F-4
                CONDENSED
                    STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31,
                    2007 AND 2006
                    AND FOR THE PERIOD FROM APRIL 25, 2005 (INCEPTION) TO MARCH 31, 2007
                    (UNAUDITED)PAGES
                F-5
                    - F-10
                NOTES
                    TO CONDENSED FINANCIAL STATEMENTS
                    (UNAUDITED)
  3




**United
        Nations Securities Association, Inc.** **(A
          Development Stage Company)** **Condensed
            Balance Sheet** **March
              31, 2007**


**(Unaudited)**


**ASSETS****Current
                  Assets**Cash
              
              
              4,371**Total
                  Current Assets**
              
              
              4,371**Total
                  Assets**
              
              $
              4,371**LIABILITIES
                  AND STOCKHOLDERS' DEFICIENCY****Current
                  Liabilities**Accounts
                  payable and accrued expenses
              
              $
              4,434Loans
                  payable - related party
              
              
              10,000**Total
                  Liabilities**
              
              
              **14,434****Stockholders'
                  Deficiency**Preferred
                  Stock, $0.001 per value 50,000,000 shares -
                authorized,
                  non issued and outstandingCommon
                  stock, $0.001; 100,000,000 shares authorized, 100,000 shares issued
                  and
                  outstandingissued
                  and outstanding
              
              
              100Additional
                  paid-in capital
              
              
              41,303Subscription
                  Receivable
              
              
              (100
              )Deficit
                  accumulated during the development stage
              
              
              (51,366
              )**Total
                  Stockholders' Deficiency**
              
              
              **(10,063**
              **)****Total
                  Liabilities and Stockholders' Equity**
              
              $
              4,371




See
        accompanying notes to condensed financial statements




F-1




**United
        Nations Securities Association, Inc.** **(A
          Development Stage Company)** **Condesed
            Statement of Operations** **For
              the Three Months Ended March 31, 2007 and 2006 and** **for
                the Period from April 25, 2005 (Inception) to March 31, 2007** **(Unaudited)**
  **April
                  25, 2005****Three
                  Months Ended March 31,**
              
              **(Inception)
                  March 31,****2007**
              
              **2006**
              
              **2007****Operating
                  Expenses**Professional
                  fees
              
              
              4,186
              
              
              -
              
              
              29,096General
                  and administrative
              
              
              4,680
              
              
              1,219
              
              
              22,270**Total
                  Operating Expenses**
              
              
              8,866
              
              
              1,219
              
              
              51,366**LOSS
                  FROM OPERATIONS**
              
              **$**
              **(8,866**
              **)**
              **$**
              **(1,219**
              **)**
              **$**
              **(51,366**
              **)****Provision
                  for Income Taxes**
              
              **$**
              **-**
              
              **$**
              **-**
              
              **$**
              **-****NET
                  LOSS**
              
              
              **(8,866**
              **)**
              
              **(1,219**
              **)**
              
              **(51,366**
              **)****Net
                  Loss Per Share - Basic and Diluted**
              
              **$**
              **(0.09**
              **)**
              **$**
              **(0.01**
              **)**
              **$**
              **(0.51**
              **)****Weighted
                  average number of shares outstanding****during
                  the period - basic and diluted**
              
              
              **100,000**
              
              
              **100,000**
              
              
              **100,000**




See
        accompanying notes to condensed financial statements




F-2




**United
        Nations Securities Association, Inc.** **(A
          Development Stage Company)** **Condensed
            Statement of Stockholders' Deficiency** **For
              the period from April 25, 2005 (Inception) to March 31, 2007** **(Unaudited)**
  Preferred
                    Stock
                
                Common
                    stock
                
                Additional
                  paid-in
                
                Deficit
                  accumulated
                    during
                  development
                
                Subscription
                
                Total
                  Stockholder'sShares
                
                Amount
                
                Shares
                
                Amount
                
                capital
                
                stage
                
                Receivable
                
                DeficiencyBalance
                    April 25, 2005
                
                
                
                
                $
                
                
                
                -
                
                $
                -
                
                $
                -
                
                $
                -
                
                $
                -
                
                $
                --Common
                    stock issued for services to founder ($0.001)
                
                
                
                
                
                -
                
                
                100,000
                
                
                100
                
                
                -
                
                
                -
                
                
                (100
                )
                
                -In-kind
                    contirubiton
                
                
                
                
                
                
                
                
                -
                
                
                -
                
                
                22,500
                
                
                -
                
                
                -
                
                
                22,500Net
                    loss for the period April 25, 2005 (inception) to December 31,
                    2005
                
                
                
                
                
                
                
                
                -
                
                
                -
                
                
                -
                
                
                (12,194
                )
                
                -
                
                
                (12,194
                )Balance,
                    December 31, 2005
                
                
                
                
                
                
                
                
                100,000
                
                $
                100
                
                $
                22,500
                
                $
                (12,194
                )
                $
                (100
                )
                $
                10,306-In-kind
                    contirubiton
                
                
                
                
                
                
                
                
                -
                
                
                -
                
                
                8,840
                
                
                -
                
                
                -
                
                
                8,840-In-kind
                    contribution of services
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                6,000
                
                
                
                
                
                
                
                
                6,000Net
                    loss for the year ended December 31, 2006
                
                
                
                
                
                
                
                
                -
                
                
                -
                
                
                -
                
                
                (30,306
                )
                
                -
                
                
                (30,306
                )Balance,
                    December 31, 2006
                
                
                
                
                
                
                
                
                100,000
                
                
                100
                
                
                37,340
                
                
                (42,500
                )
                
                (100
                )
                
                (5,160
                )In-kind
                    contribution of services
                
                
                
                
                
                -
                
                
                -
                
                
                -
                
                
                3,963
                
                
                -
                
                
                -
                
                
                3,963Net
                    loss for the period ended March 31, 2007
                
                
                
                
                
                
                
                
                -
                
                
                -
                
                
                -
                
                
                (8,866
                )
                
                -
                
                
                (8,866
                )**Balance,
                    March 31, 2007**
                
                
                
                
                $
                
                
                
                **100,000**
                
                
                **100**
                
                
                **41,303**
                
                
                **(51,366**
                **)**
                
                **(100**
                **)**
                
                **(10,063**
                **)**
  See
          accompanying notes to condensed financial statements




F-3




**United
        Nations Securities Association, Inc.** **(A
          Development Stage Company)** **Condensed
            Statement of Cash Flows** **For
              the Three Months Ended March 31, 2007 and 2006 and** **For
                the Period from April 25,2005 (inception) to March 31, 2007** **(Unaudited)**
  **April
                  25, 2005****Three
                  Months Ended March 31,**
              
              **(Inception)
                  to****2007**
              
              **2006**
              
              **March
                  31, 2007****Cash
                  Flows From Operating Activities:**Net
                  Loss
              
              $
              (8,866
              )
              $
              (1,219
              )
              $
              (51,366
              )Adjustments
                  to reconcile net loss to net cash used in operationsIn-kind
                  contribution
              
              
              3,963
              
              
              1,652
              
              
              41,303Changes
                  in operating assets and liabilities:Increase
                  in accounts payable
              
              
              3,086
              
              
              
              
              
              4,434Decrease
                  in prepaid expenses
              
              
              -
              
              
              (433
              )
              
              -**Net
                  Cash Used In Operating Activities**
              
              
              **(1,817**
              **)**
              
              **-**
              
              
              **(5,629**
              **)****Cash
                  Flows From Financing Activities:**Proceeds
                  from loans payable- related party
              
              
              -
              
              
              -
              
              
              10,000**Net
                  Cash Provided by Financing Activities**
              
              
              **-**
              
              
              **-**
              
              
              **10,000****Net
                  Decrease in Cash**
              
              
              **(1,817**
              **)**
              
              
              
              
              4,371Cash
                  at Beginning of Period
              
              
              6,188
              
              
              -
              
              
              -**Cash
                  at End of Period**
              
              **$**
              **4,371**
              
              **$**
              **-**
              
              **$**
              **4,371****Supplemental
                  disclosure of cash flow information:**Cash
                  paid for interest
              
              $
              -
              
              $
              -
              
              $
              -Cash
                  paid for taxes
              
              $
              -
              
              $
              -
              
              $
              -**Supplemental
                  disclosure of non-cash investing and financing
                  activities:**Stock
                  sold for subscription (100,000 shares)
              
              $
              -
              
              
              -
              
              $
              100




See
        accompanying notes to condensed financial statements




F-4




**UNITED
        NATIONS SECURITIES ASSOCIATION, INC.**
 **(A
        DEVELOPMENT STAGE COMPANY)**
 **NOTES
        TO CONDENSED FINANCIAL STATEMENTS**
 **MARCH
        31, 2007**
   **NOTE
        1 BASIS OF PRESENTATION AND ORGANIZATION**
 
 ***(A)
        Basis of Presentation***
 
 The
        accompanying unaudited financial statements have been prepared in accordance
        with accounting principles generally accepted in the United States of America
        and the rules and regulations of the Securities and Exchange Commission for
        interim financial information. Accordingly, they do not include all the
        information necessary for a comprehensive presentation of financial position
        and
        results of operations.
 
 It
        is
        management’s opinion however, that all material adjustments (consisting of
        normal recurring adjustments) have been made which are necessary for a fair
        financial statements presentation. The results for the interim period are
        not
        necessarily indicative of the results to be expected for the year.
 
 United
        Nations Securities Association, Inc. (a development stage company) (the
“Company”) was incorporated under the laws of the State of Delaware on April 25,
        2005. The Company was organized to merge with an emerging Japanese company.
        Activities during the development stage include developing the business plan
        and
        raising capital.
 
 ***(B)
        Use of Estimates***
 
 In
        preparing financial statements in conformity with generally accepted accounting
        principles, management is required to make estimates and assumptions that
        affect
        the reported amounts of assets and liabilities and the disclosure of contingent
        assets and liabilities at the date of the financial statements and revenues
        and
        expenses during the reported period. Actual results could differ from those
        estimates.
 
 ***(C)
        Cash and Cash Equivalents***
 
 The
        Company considers all highly liquid temporary cash investments with an original
        maturity of three months or less to be cash equivalents. At March 31, 2007
        the
        Company had no cash or cash equivalents.
 
 ***(D)
        Loss Per Share***
 
 Basic
        and
        diluted net loss per common share is computed based upon the weighted average
        common shares outstanding as defined by Financial Accounting Standards No.
        128,
“Earnings Per Share.” As of March 31, 2007 and 2006 there were no common share
        equivalents outstanding.
  F-5
 **UNITED
          NATIONS SECURITIES ASSOCIATION, INC.**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **MARCH
          31, 2007**
 ***(E)
        Income Taxes***
 
 The
        Company accounts for income taxes under the Statement of Financial Accounting
        Standards No. 109, “Accounting for Income Taxes” (“SFAS 109). Under SFAS109,
        deferred tax assets and liabilities are recognized for the future tax
        consequences attributable to differences between the financial statement
        carrying amount of existing assets and liabilities and their respective tax
        bases. Deferred tax assets and liabilities are measured using enacted tax
        rates
        expect to apply to taxable income in the years in which those temporary
        differences are expected to be recovered or settled. Under SFAS 109, the
        effect
        on deferred tax assets and liabilities of a change in tax rates is recognized
        in
        income in the period that includes the enactment date.
 
 ***(F)
        Business Segments***
 
 The
        Company operates in one segment and therefore segment information is not
        presented.
 
 ***(G)
        Revenue Recognition***
 
 The
        Company recognized revenue on arrangements in accordance with Securities
        and
        Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in
        Financial Statements” and No. 104, “Revenue Recognition”. In all cases, revenue
        is recognized only when the price is fixed and determinable, persuasive evidence
        of an arrangement exists, the service is performed and collectability of
        the
        resulting receivable is reasonably assured.
 
 ***(H)
        Recent Accounting Pronouncements***
 
 In
        February 2006, the FASB issued SFAS No. 155, " *Accounting
        for Certain Hybrid Financial Instruments-an amendment of FASB Statements
        No. 133
        and 140* ",
        to
        simplify and make more consistent the accounting for certain financial
        instruments. SFAS No. 155 amends SFAS No. 133, " *Accounting
        for Derivative Instruments and Hedging Activities* ",
        to
        permit fair value re-measurement for any hybrid financial instrument with
        an
        embedded derivative that otherwise would require bifurcation, provided that
        the
        whole instrument is accounted for on a fair value basis. SFAS No. 155 amends
        SFAS No. 140, " *Accounting
        for the Impairment or Disposal of Long-Lived Assets* ",
        to
        allow a qualifying special-purpose entity to hold a derivative financial
        instrument that pertains to a beneficial interest other than another derivative
        financial instrument. SFAS No. 155 applies to all financial instruments acquired
        or issued after the beginning of an entity's first fiscal year that begins
        after
        September 15, 2006, with earlier application allowed. The adoption of this
        statement is not expected to have a material effect on the Company's future
        reported financial position or results of operations.
  F-6
 **UNITED
          NATIONS SECURITIES ASSOCIATION, INC.**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **MARCH
          31, 2007**
 In
        March
        2006, the FASB issued SFAS No. 156, " *Accounting
        for Servicing of Financial Assets, an amendment of FASB Statement No. 140,
        Accounting for Transfers and Servicing of Financial Assets and Extinguishments
        of Liabilities* ".
        This
        statement requires all separately recognized servicing assets and servicing
        liabilities be initially measured at fair value, if practicable, and permits
        for
        subsequent measurement using either fair value measurement with changes in
        fair
        value reflected in earnings or the amortization and impairment requirements
        of
        Statement No. 140. The subsequent measurement of separately recognized servicing
        assets and servicing liabilities at fair value eliminates the necessity for
        entities that manage the risks inherent in servicing assets and servicing
        liabilities with derivatives to qualify for hedge accounting treatment and
        eliminates the characterization of declines in fair value as impairments
        or
        direct write-downs. SFAS No. 156 is effective for an entity's first fiscal
        year
        beginning after September 15, 2006. The adoption of this statement is not
        expected to have a material effect on the Company's future reported financial
        position or results of operations.
 
 In
        June
        2006, the FASB issued FASB Interpretation No. 48, *“Accounting
        for Uncertainty in Income Taxes, an interpretation of FASB Statements No.
        109”* .
        FIN 48
        clarifies the accounting for uncertainty in income taxes by prescribing a
        two-step method of first evaluating whether a tax position has met a more
        likely
        than not recognition threshold and second, measuring that tax position to
        determine the amount of benefit to be recognized in the financial statements.
        FIN 48 provides guidance on the presentation of such positions within a
        classified statement of financial position as well as on derecognition, interest
        and penalties, accounting in interim periods, disclosure, and transition.
        FIN 48
        is effective for fiscal years beginning after December 15, 2006. The adoption
        of
        this statement is not expected to have a material effect on the Company's
        future
        reported financial position or results of operations.
 
 In
        September 2006, the FASB issued SFAS No. 157, “ *Fair
        Value Measurements* ”.
        The
        objective of SFAS 157 is to increase consistency and comparability in fair
        value
        measurements and to expand disclosures about fair value measurements. SFAS
        157
        defines fair value, establishes a framework for measuring fair value in
        generally accepted accounting principles, and expands disclosures about fair
        value measurements. SFAS 157 applies under other accounting pronouncements
        that
        require or permit fair value measurements and does not require any new fair
        value measurements. The provisions of SFAS No. 157 are effective for fair
        value
        measurements made in fiscal years beginning after November 15, 2007. The
        adoption of this statement is not expected to have a material effect on the
        Company's future reported financial position or results of
        operations.
 
 In
        September 2006, the FASB issued SFAS No. 158, “ *Employers’
        Accounting for Defined Benefit Pension and Other Postretirement Plans - an
        amendment of FASB Statements No. 87, 88, 106, and 132(R)* ”.
        This
        statement requires employers to recognize the over-funded or under-funded
        status
        of a defined benefit postretirement plan (other than a multiemployer plan)
        as an
        asset or liability in its statement of financial position and to recognize
        changes in that funded status in the year in which the changes occur through
        comprehensive income of a business entity or changes in unrestricted net
        assets
        of a not-for-profit organization. This statement also requires an employer
        to
        measure the funded status of a plan as of the date of its year-end statement
        of
        financial position, with limited exceptions. The provisions of SFAS No. 158
        are
        effective for employers with publicly traded equity securities as of the
        end of
        the fiscal year ending after December 15, 2006. The adoption of this statement
        is not expected to have a material effect on the Company's future reported
        financial position or results of operations.
  F-7
 **UNITED
          NATIONS SECURITIES ASSOCIATION, INC.**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **MARCH
          31, 2007**
 In
        September 2006, the SEC issued Staff Accounting Bulletin (“SAB”) No. 108,
“ *Considering
        the Effects of Prior Year Misstatements when Quantifying Misstatements in
        Current Year Financial Statements* .”
SAB
        No. 108 addresses how the effects of prior year uncorrected misstatements
        should
        be considered when quantifying misstatements in current year financial
        statements. SAB No. 108 requires companies to quantify misstatements using
        a
        balance sheet and income statement approach and to evaluate whether either
        approach results in quantifying an error that is material in light of relevant
        quantitative and qualitative factors. SAB No. 108 is effective for period
        ending
        after November 15, 2006. The Company is currently evaluating the impact of
        adopting SAB No. 108 but does not expect that it will have a material effect
        on
        its financial statements.
 
 In
        February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
        No.
        159, “ *The
        Fair Value Option for Financial Assets and Financial Liabilities - Including
        an
        Amendment of FASB Statement No. 115* ”.
        This
        statement permits entities to choose to measure many financial instruments
        and
        certain other items at fair value. Most of the provisions of SFAS No. 159
        apply
        only to entities that elect the fair value option. However, the amendment
        to
        SFAS No. 115 “ *Accounting
        for Certain Investments in Debt and Equity Securities* ”
applies
        to all entities with available-for-sale and trading securities. SFAS No.
        159 is
        effective as of the beginning of an entity’s first fiscal year that begins after
        November 15, 2007. Early adoption is permitted as of the beginning of a fiscal
        year that begins on or before November 15, 2007, provided the entity also
        elects
        to apply the provision of SFAS No. 157, “ *Fair
        Value Measurements”.* The
        adoption of this statement is not expected to have a material effect on the
        Company's financial statements.
 
 **NOTE
        2** **** **LOAN
        PAYABLE - RELATED PARTY**
 
 During
        the year ended December 31, 2006, the Company received a loan of $10,000
        from
        its President. The loan is non interest bearing, unsecured and due on
        demand.
 
 **NOTE
        3**  **SHAREHOLDER’S
        EQUITY**
 
 ***(A)
        Common Stock Issued for Subscription Receivable***
 
 During
        2005, the Company issued 100,000 shares of common stock for a subscription
        receivable of $100.
  F-8
 **UNITED
          NATIONS SECURITIES ASSOCIATION, INC.**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **MARCH
          31, 2007**
 ***(B)
        In-Kind Contribution***
 
 For
        the
        three months ended March 31, 2007 the sole shareholder of the Company paid
        $2,463 of operating expenses on behalf of the Company (See Note 4).
 
 During
        2005, the sole shareholder of the Company paid $22,500 of operating expenses
        on
        behalf of the Company (See Note 4).
 
 During,
        2006 the sole shareholder of the Company paid $8,840 of operating expenses
        on
        behalf of the Company (See Note 4).
 
 During,
        2006 the Company recorded $6,000 for the fair value of services contributed
        by
        its President.
 
 During,
        2007 the Company recorded $1,500 for the fair value of services contributed
        by
        its President.
 
 ***(C)
        Amendment to Articles of Incorporation***
 
 During
        2005, the Company amended its Articles of Incorporation to change its name
        from
        United Nations Securities Association to United Nations Securities Association,
        Inc.
 
 **NOTE
        4**  **RELATED
        PARTY TRANSACTIONS**
 
 During
        2005, the sole shareholder of the Company paid $22,500 of operating expenses
        on
        behalf of the Company.
 
 During,
        2006 the sole shareholder of the Company paid $6,332 of operating expenses
        on
        behalf of the Company.
 
 For
        the
        three months ended March 31, 2007 the Company paid a related party rent of
        $2,463.
 
 For
        the
        three months ended March 31, 2007 the Company recorded $1,500 for the fair
        value
        of services contributed by its President.
 
 During
        the year ended December 31, 2006, the Company received a loan of $10,000
        from
        its President. The loan is non interest bearing, unsecured and due on
        demand.
  F-9
 **UNITED
          NATIONS SECURITIES ASSOCIATION, INC.**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO CONDENSED FINANCIAL STATEMENTS**
 **MARCH
          31, 2007**
 During
        the year ended December 31, 2006 the Company recorded $6,000 for the fair
        value
        of services contributed by its President.
  During
        the year ended December 31, 2006 the Company paid a related party rent of
        $2,508
 
 **NOTE
        5**  **COMMITMENTS
        AND CONTINGENCIES**
 
 During
        2006, the Company entered into a lease agreement with a related party for
        a
        period of three years at a monthly cost of $418.
 
 **NOTE
        6**  **GOING
        CONCERN**
 
 As
        reflected in the accompanying financial statements, the Company is in the
        development stage with no operations, has a net loss of $51,366 for the period
        from April 25, 2005 (inception) to March 31, 2007, a working capital and
        stockholders’ deficiency of $10,063 and used cash in operations of $5,629 from
        inception. This raises substantial doubt about its ability to continue as
        a
        going concern. The ability of the Company to continue as a going concern
        is
        dependent on the Company’s ability to raise additional capital and implement its
        business plan. The financial statements do not include any adjustments that
        might be necessary if the Company is unable to continue as a going
        concern.
 
 Management
        believes that actions presently being taken to obtain additional funding
        and
        implement its strategic plans provide the opportunity for the Company to
        continue as a going concern.
  F-10




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




The
      following plan of operation provides information which management believes
      is
      relevant to an assessment and understanding of our results of operations and
      financial condition. The discussion should be read along with our financial
      statements and notes thereto. The following discussion and analysis contains
      forward-looking statements, which involve risks and uncertainties. Our actual
      results may differ significantly from the results, expectations and plans
      discussed in these forward-looking statements.




**Plan
      of Operation**





The
      Registrant is continuing its efforts to locate a merger Candidate for the
      purpose of a merger. It is possible that the registrant will be successful
      in
      locating such a merger candidate and closing such merger. However, if the
      registrant cannot effect a non-cash acquisition, the registrant may have to
      raise funds from a private offering of its securities under Rule 506 of
      Regulation D. There is no assurance the registrant would obtain any such equity
      funding.





**Results
      of Operation**





The
      Company did not have any operating income since inception, April 25, 2005.
      For
      the three months ended March 31, 2007, the registrant recognized a net loss
      of
      $8,866. Expenses from inception were comprised of costs mainly associated with
      legal, accounting and office expense.





**Liquidity
      and Capital Resources**





At
      March
      31, 2007, the Company had no capital resources and will rely upon the issuance
      of common stock and additional capital contributions from shareholders to fund
      administrative expenses pending acquisition of an operating company. However,
      our shareholders are under no obligation to provide such funding.





Management
      anticipates seeking out a target company through solicitation. Such solicitation
      may include newspaper or magazine advertisements, mailings and other
      distributions to law firms, accounting firms, investment bankers, financial
      advisors and similar persons, the use of one or more World Wide Web sites and
      similar methods. No estimate can be made as to the number of persons who will
      be
      contacted or solicited. Management may engage in such solicitation directly
      or
      may employ one or more other entities to conduct or assist in such solicitation.
      Management and its affiliates will pay referral fees to consultants and others
      who refer target businesses for mergers into public companies in which
      management and its affiliates have an interest. Payments are made if a business
      combination occurs, and may consist of cash or a portion of the stock in the
      Company retained by management and its affiliates, or both.





As
      reflected in the accompanying financial statements, the Company is in the
      development stage with no operations and has a negative cash flow from
      operations of $51,366 from inception. This raises substantial doubt about its
      ability to continue as a going concern. The ability of the Company to continue
      as a going concern is dependent on the Company's ability to raise additional
      capital and implement its business plan. The financial statements do not include
      any adjustments that might be necessary if the Company is unable to continue
      as
      a going concern.





Management
      believes that actions presently being taken to obtain additional equity
      financing and implement its strategic plans, which includes developing our
      website and beginning operations will provide us the opportunity to continue
      as
      a going concern. However, we presently have no cash and therefore may not be
      able to continue operations for the next twelve months. As noted above, we
      will
      be dependent upon our shareholders to fund our operations over the next twelve
      months; however our shareholders are under no obligation to provide such
      funding.





Lord
      Dr.
      Masaaki Ikawa will supervise the search for target companies as potential
      candidates for a business combination. Lord Dr. Masaaki Ikawa will pay, at
      his
      own expenses, any costs he incurs in supervising the search for a target
      company. Lord Dr. Masaaki Ikawa may enter into agreements with other consultants
      to assist in locating a target company and may share stock received by it or
      cash resulting from the sale of its securities with such other consultants.
      Lord
      Dr. Masaaki Ikawa controls us and therefore has the authority to enter into
      any
      agreement binding us. Lord Dr. Masaaki Ikawa as our sole officer, director
      and
      only shareholder can authorize any such agreement binding us.




4





**Recent
      Accounting Pronouncements**





In
      February 2006, the FASB issued SFAS No. 155, " *Accounting
      for Certain Hybrid Financial Instruments-an amendment of FASB Statements No.
      133
      and 140* ",
      to
      simplify and make more consistent the accounting for certain financial
      instruments. SFAS No. 155 amends SFAS No. 133, " *Accounting
      for Derivative Instruments and Hedging Activities* ",
      to
      permit fair value re-measurement for any hybrid financial instrument with an
      embedded derivative that otherwise would require bifurcation, provided that
      the
      whole instrument is accounted for on a fair value basis. SFAS No. 155 amends
      SFAS No. 140, " *Accounting
      for the Impairment or Disposal of Long-Lived Assets* ",
      to
      allow a qualifying special-purpose entity to hold a derivative financial
      instrument that pertains to a beneficial interest other than another derivative
      financial instrument. SFAS No. 155 applies to all financial instruments acquired
      or issued after the beginning of an entity's first fiscal year that begins
      after
      September 15, 2006, with earlier application allowed. The adoption of this
      statement is not expected to have a material effect on the Company's future
      reported financial position or results of operations.





In
      March
      2006, the FASB issued SFAS No. 156, " *Accounting
      for Servicing of Financial Assets, an amendment of FASB Statement No. 140,
      Accounting for Transfers and Servicing of Financial Assets and Extinguishments
      of Liabilities* ".
      This
      statement requires all separately recognized servicing assets and servicing
      liabilities be initially measured at fair value, if practicable, and permits
      for
      subsequent measurement using either fair value measurement with changes in
      fair
      value reflected in earnings or the amortization and impairment requirements
      of
      Statement No. 140. The subsequent measurement of separately recognized servicing
      assets and servicing liabilities at fair value eliminates the necessity for
      entities that manage the risks inherent in servicing assets and servicing
      liabilities with derivatives to qualify for hedge accounting treatment and
      eliminates the characterization of declines in fair value as impairments or
      direct write-downs. SFAS No. 156 is effective for an entity's first fiscal
      year
      beginning after September 15, 2006. The adoption of this statement is not
      expected to have a material effect on the Company's future reported financial
      position or results of operations.





In
      June
      2006, the FASB issued FASB Interpretation No. 48, *“Accounting
      for Uncertainty in Income Taxes, an interpretation of FASB Statements No.
      109”* .
      FIN 48
      clarifies the accounting for uncertainty in income taxes by prescribing a
      two-step method of first evaluating whether a tax position has met a more likely
      than not recognition threshold and second, measuring that tax position to
      determine the amount of benefit to be recognized in the financial statements.
      FIN 48 provides guidance on the presentation of such positions within a
      classified statement of financial position as well as on derecognition, interest
      and penalties, accounting in interim periods, disclosure, and transition. FIN
      48
      is effective for fiscal years beginning after December 15, 2006. The adoption
      of
      this statement is not expected to have a material effect on the Company's future
      reported financial position or results of operations.





In
      September 2006, the FASB issued SFAS No. 157, “ *Fair
      Value Measurements* ”.
      The
      objective of SFAS 157 is to increase consistency and comparability in fair
      value
      measurements and to expand disclosures about fair value measurements. SFAS
      157
      defines fair value, establishes a framework for measuring fair value in
      generally accepted accounting principles, and expands disclosures about fair
      value measurements. SFAS 157 applies under other accounting pronouncements
      that
      require or permit fair value measurements and does not require any new fair
      value measurements. The provisions of SFAS No. 157 are effective for fair value
      measurements made in fiscal years beginning after November 15, 2007. The
      adoption of this statement is not expected to have a material effect on the
      Company's future reported financial position or results of
      operations.





In
      September 2006, the FASB issued SFAS No. 158, “ *Employers’
      Accounting for Defined Benefit Pension and Other Postretirement Plans - an
      amendment of FASB Statements No. 87, 88, 106, and 132(R)* ”.
      This
      statement requires employers to recognize the over-funded or under-funded status
      of a defined benefit postretirement plan (other than a multiemployer plan)
      as an
      asset or liability in its statement of financial position and to recognize
      changes in that funded status in the year in which the changes occur through
      comprehensive income of a business entity or changes in unrestricted net assets
      of a not-for-profit organization. This statement also requires an employer
      to
      measure the funded status of a plan as of the date of its year-end statement
      of
      financial position, with limited exceptions. The provisions of SFAS No. 158
      are
      effective for employers with publicly traded equity securities as of the end
      of
      the fiscal year ending after December 15, 2006. The adoption of this statement
      is not expected to have a material effect on the Company's future reported
      financial position or results of operations.




5





In
      September 2006, the SEC issued Staff Accounting Bulletin (“SAB”) No. 108,
“ *Considering
      the Effects of Prior Year Misstatements when Quantifying Misstatements in
      Current Year Financial Statements* .”
SAB
      No. 108 addresses how the effects of prior year uncorrected misstatements should
      be considered when quantifying misstatements in current year financial
      statements. SAB No. 108 requires companies to quantify misstatements using
      a
      balance sheet and income statement approach and to evaluate whether either
      approach results in quantifying an error that is material in light of relevant
      quantitative and qualitative factors. SAB No. 108 is effective for period ending
      after November 15, 2006. The Company is currently evaluating the impact of
      adopting SAB No. 108 but does not expect that it will have a material effect
      on
      its financial statements.





In
      February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
      No.
      159, “ *The
      Fair Value Option for Financial Assets and Financial Liabilities - Including
      an
      Amendment of FASB Statement No. 115* ”.
      This
      statement permits entities to choose to measure many financial instruments
      and
      certain other items at fair value. Most of the provisions of SFAS No. 159 apply
      only to entities that elect the fair value option. However, the amendment to
      SFAS No. 115 “ *Accounting
      for Certain Investments in Debt and Equity Securities* ”
applies
      to all entities with available-for-sale and trading securities. SFAS No. 159
      is
      effective as of the beginning of an entity’s first fiscal year that begins after
      November 15, 2007. Early adoption is permitted as of the beginning of a fiscal
      year that begins on or before November 15, 2007, provided the entity also elects
      to apply the provision of SFAS No. 157, “ *Fair
      Value Measurements”.* The
      adoption of this statement is not expected to have a material effect on the
      Company's financial statements.





**Critical
      Accounting Policies**




Our
      financial statements and related public financial information are based on
      the
      application of accounting principles generally accepted in the United States
      (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and
      subjective interpretations of accounting principles that have an impact on
      the
      assets, liabilities, revenue and expense amounts reported. These estimates
      can
      also affect supplemental information contained in our external disclosures
      including information regarding contingencies, risk and financial condition.
      We
      believe our use of estimates and underlying accounting assumptions adhere to
      GAAP and are consistently and conservatively applied. We base our estimates
      on
      historical experience and on various other assumptions that we believe to be
      reasonable under the circumstances. Actual results may differ materially from
      these estimates under different assumptions or conditions. We continue to
      monitor significant estimates made during the preparation of our financial
      statements.




Our
      significant accounting policies are summarized in Note 1 of our financial
      statements. While all these significant accounting policies impact our financial
      condition and results of operations, we view certain of these policies as
      critical. Policies determined to be critical are those policies that have the
      most significant impact on our financial statements and require management
      to
      use a greater degree of judgment and estimates. Actual results may differ from
      those estimates. Our management believes that given current facts and
      circumstances, it is unlikely that applying any other reasonable judgments
      or
      estimate methodologies would cause effect on our consolidated results of
      operations, financial position or liquidity for the periods presented in this
      report.





**Off
      Balance Sheet Arrangements**




We
      have
      no off-balance sheet arrangements





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





**Evaluation
      of disclosure controls and procedures**





Under
      the
      supervision and with the participation of our management, including our
      principal executive officer and principal financial officer, we conducted an
      evaluation of our disclosure controls and procedures, as such term is defined
      under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
      Exchange Act of 1934, as amended (Exchange Act), as of March 31, 2007. Based
      on
      this evaluation, our principal executive officer and principal financial
      officers have concluded that our disclosure controls and procedures are
      effective to ensure that information required to be disclosed by us in the
      reports we file or submit under the Exchange Act is recorded, processed,
      summarized, and reported within the time periods specified in the Securities
      and
      Exchange Commission's rules and forms and that our disclosure and controls
      are
      designed to ensure that information required to be disclosed by us in the
      reports that we file or submit under the Exchange Act is accumulated and
      communicated to our management, including our principal executive and principal
      financial officers, or persons performing similar functions, as appropriate
      to
      allow timely decisions regarding required disclosure.




6





**Changes
      in internal controls**




There
      were no changes (including corrective actions with regard to significant
      deficiencies or material weaknesses) in our internal controls over financial
      reporting that occurred during the quarter ended March 31, 2007 that has
      materially affected, or is reasonably likely to materially affect, our internal
      control over financial reporting.





**PART
      II - OTHER INFORMATION**





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





We
      are
      currently not a party to any pending legal proceedings and no such actions
      by,
      or to the best of its knowledge, against us have been threatened.





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




None





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





None





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





No
      matter
      was submitted during the quarter ending March 31, 2007, covered by this report
      to a vote of our shareholders, through the solicitation of proxies or
      otherwise.





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





None





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





(a)
            Reports
                on Form 8-K and Form 8K-A




None.





(b)
            Exhibits





**Exhibit
                Number**
            
            **Exhibit
                Title**31.1
            
            Certification
                of Lord Dr. Masaaki Ikawa pursuant to 18 U.S.C. Section 1350 as adopted
                pursuant to Section 302 of the Sarbanes-Oxley Act of
                2002.32.1
            
            Certification
                of Lord Dr. Masaaki Ikawa pursuant to 18 U.S.C. Section 1350 as adopted
                pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002.




7


**SIGNATURES**





In
      accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
      this report to be signed on its behalf by the undersigned, there unto duly
      authorized.




By:/s/*Lord
                Dr. Masaaki Ikawa*Lord
                Dr. Masaaki Ikawa
              President,
                Chief Executive Officer
              Principal
                Financial Officer and
              Secretary




May
      14,
      2007




8