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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-KSB

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 1934
For the period ended February 28, 2002

Commission file number 0-30107

Capital Group One, Inc.

(Exact Name and Registrant as Specified in its Chapter)


|                                 |  |                                                
|-------------------------------- |  | -----------------------------------------------
|Florida
(State of Incorporation) |  | 65-0830090
(IRS Employer Identification Number)

|                                                                                                     |  |                   
|---------------------------------------------------------------------------------------------------- |  | ------------------
|120 Adelaide Street West
Suite 1214
Toronto, Ontario
Canada
(Address of Principal Executive Offices) |  | M5H 1T1
(Zip Code)

Registrants telephone number, including area code: 416-214-9735

Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report:Not Applicable

Indicate by check mark whether the registrant: (1) has filed all reports
required by Section 13 or 15 (d) of the Securities and 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   x   No   o.

As of February 28, 2002 there were 2,200,000 shares of Class A common
stock, $.01 par value per share, outstanding.





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TABLE OF CONTENTS



|                                                       |                                                               |  |  |  |  |  |  | 
|------------------------------------------------------ | ------------------------------------------------------------- |  |  |  |  |  |  | 
|PART 2                                                
|OTHER INFORMATION                                     
|                                                       | Item 1. Legal Proceedings                                    
|                                                       | Item 2. Changes in Securities                                
|                                                       | Item 3. Defaults upon Senior Securities                      
|                                                       | Item 4. Submissions of Matters to a Vote of Security Holdings
|                                                       | Item 5. Other Information                                    
|SIGNATURES                                            
|INDEPENDENT AUDITORS REPORT                          
|BALANCE SHEET                                         
|STATEMENTS OF OPERATIONS                              
|STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT)
|STATEMENTS OF CASH FLOW                               
|NOTES TO FINANCIAL STATEMENTS                         
|Certification of C.E.O.                               
|Certification of C.F.O.                               



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PART 2




OTHER INFORMATION





Item 1. Legal Proceedings

None




Item 2. Changes in Securities

None




Item 3. Defaults upon Senior Securities

None




Item 4. Submissions of Matters to a Vote of Security Holdings

None




Item 5. Other Information

None

2



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SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.

|                        |  |                         |  | 
|----------------------- |  | ----------------------- |  | 
|Dated: February 4, 2003 |  | FINANCIAL VENTURES INC.
|                       
|                       
|                       
|                       
|                        |  | By: Mathew McNeally    
|                        |  |                        
|                        |  | President CEO          
|                        |  |                        
|                        |  |                        
|                        |  |                        
|                        |  | By: James Stewart      
|                        |  |                        
|                        |  | Secretary              

3



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)

FINANCIAL STATEMENTS

FEBRUARY 28, 2002



4



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)

CONTENTS

|                                                       |  |           
|------------------------------------------------------ |  | ----------
|                                                       |  | PAGE      
|                                                       |  |           
|Independent Auditors Report                           |  | F-1       
|                                                       |  |           
|Financial Statements:                                  |  |           
|                                                       |  |           
|Balance Sheet                                          |  | F-2       
|                                                       |  |           
|Statements of Operations                               |  | F-3       
|                                                       |  |           
|Statement of Changes in Stockholders
Equity (Deficit) |  | F-4       
|                                                       |  |           
|Statements of Cash Flow                                |  | F-5       
|                                                       |  |           
|Notes to Financial Statements                          |  | F-6 to F-8

5



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Earl M. Cohen, C.P.A., P.A.

---

Certified Public Accountant
2505 N.W. Boca Raton Blvd.  Suite 202
Boca Raton, Florida 33431
Tel.: (561) 347-1608 Fax: (561) 417-9984





INDEPENDENT AUDITORS REPORT

To The Board of Directors
Capital Group One, Inc.

We have audited the accompanying balance sheet of Capital Group One, Inc. (a
development stage company), as of February 28, 2002 and the related statements
of operations, changes in stockholders equity (deficit) and cash flows for the
years ended February 28, 2002 and 2001 and for the period from March 12, 1997
(inception) through February 28, 2002. 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 audit.

We conducted our audit in accordance with auditing standards generally accepted
in the United states. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides 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 Capital Group One, Inc. (a
development stage company) as of February 28, 2002, and the results of its
operations and its cash flows for the years ended February 28, 2002 and 2001 and
for the period from March 12, 1997 (inception) through February 28, 2002 in
conformity with accounting principles generally accepted in the United States.

|                                     |  |                                
|------------------------------------ |  | -------------------------------
|                                     |  | /s/ Earl M. Cohen, C.P.A., P.A.
|                                     |  |                                
|                                     |  | Earl M. Cohen, C.P.A., P.A.    
|                                    
|                                    
|January 15, 2003
Boca Raton, Florida |  |                                

MEMBER
American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants

F-1



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)




BALANCE SHEET


FEBRUARY 28, 2002


|                                     |                                                                                                      |   |   |        |   |  | 
|------------------------------------ | ---------------------------------------------------------------------------------------------------- | - | - | ------ | - |  | 
|ASSETS                               |                                                                                                      |   |   |       
|                                     |                                                                                                      |   |   |       
|TOTAL ASSETS                         |                                                                                                      | $ |  |       
|                                     |                                                                                                      |   |   |       
|                                     |                                                                                                      |   |   |       
|                                     |                                                                                                      |   |   |       
|STOCKHOLDERS EQUITY (DEFICIT)       |                                                                                                      |   |   |       
|                                     |                                                                                                      |   |   |       
|STOCKHOLDERS EQUITY (DEFICIT)       |                                                                                                      |   |   |       
|                                     | Common stock, $.001 par value, 50,000,000
shares authorized, 2,200,000 shares
issued and outstanding |   |   | 2,200  |  
|                                     | Additional paid-in capital                                                                           |   |   | 3,117  |  
|                                     | Deficit accumulated during the development
stage                                                     |   |   | (5,317 | )
|                                     |                                                                                                      |   |   |       
|TOTAL STOCKHOLDERS EQUITY (DEFICIT) |                                                                                                      | $ |  |       
|                                     |                                                                                                      |   |   |       

Read accompanying Notes to Financial Statements.

F-2



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)




STATEMENTS OF OPERATIONS


YEARS ENDED FEBRUARY 28, 2002 AND FEBRUARY 29, 2001
AND
PERIOD FROM MARCH 12, 1997 (INCEPTION) THROUGH FEBRUARY 28, 2002


|                                              |  |              |           |              |  |                 |           |   |  |           |        |  
|--------------------------------------------- |  | ------------ | --------- | ------------ |  | --------------- | --------- | - |  | --------- | ------ | -
|                                              |  |              |           |              |  |                 |           |   |  | March 12,
|                                              |  |              |           |              |  |                 |           |   |  | 1997     
|                                              |  | Year Ended   |           | Year Ended   |  | (Inception)    
|                                              |  | February 28, |           | February 28, |  | to February 28,
|                                              |  | 2002         |           | 2001         |  | 2002           
|                                              |  |              |           |              |  |                
|REVENUES                                      |  | $            |          |              |  | $               |          |   |  | $         |       |  
|                                              |  |              |           |              |  |                 |           |   |  |           |        |  
|EXPENSES
General and administrative           |  |              | 900       |              |  |                 | 2,958     |   |  |           | 5,317  |  
|                                              |  |              |           |              |  |                 |           |   |  |           |        |  
|NET (LOSS)                                    |  | $            | (900      | )            |  | $               | (2,958    | ) |  | $         | (5,317 | )
|                                              |  |              |           |              |  |                 |           |   |  |           |        |  
|(LOSS) PER SHARE                              |  | $            |          |              |  | $               |          |   |  |           |        |  
|                                              |  |              |           |              |  |                 |           |   |  |           |        |  
|WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING |  |              | 2,200,000 |              |  |                 | 2,200,000 |   |  |           |        |  
|                                              |  |              |           |              |  |                 |           |   |  |           |        |  

Read accompanying Notes to Financial Statements.

F-3



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)




STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIT)


PERIOD FROM MARCH 12, 1997 (INCEPTION) THROUGH FEBRUARY 28, 2002


|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  
|--------------------------------------------------------------------------- |  | ------------ | --------- | ---------- |  | ----------- | ----- | ----------------- |  | ----- | ----- |  |  | - | ------ | - |  | - | ------ | -
|                                                                            |  | Common Stock |           |            |  |             |       | Deficit           |  |       |       | 
|                                                                            |  |              |           | Additional |  | Accumulated |       |                   |  |      
|                                                                            |  | Number of    |           | Par        |  | Paid-in     |       | During the        |  |       |       | 
|                                                                            |  | Shares       |           | Value      |  | Capital     |       | Development Stage |  | Total
|                                                                            |  |              |           |            |  |             |       |                   |  |      
|March 20, 1997  Common
shares issued for cash                              |  |              | 1,000,000 |            |  | $           | 1,000 |                   |  | $     |      |  |  | $ |       |   |  | $ | 1,000  |  
|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  
|February 23, 2000  Common
shares issued in exchange
for note receivable    |  |              | 1,200,000 |            |  |             | 1,200 |                   |  |       |      |  |  |   |       |   |  |   | 1,200  |  
|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  
|Reclassification of amount
due to stockholder to
additional paid-in capital |  |              |          |            |  |             |      |                   |  |       | 2,217 |  |  |   |       |   |  |   | 2,217  |  
|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  
|Net (loss)                                                                  |  |              |          |            |  |             |      |                   |  |       |      |  |  |   | (4,417 | ) |  |   | (4,417 | )
|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  
|Balance  February 28, 2001                                                 |  |              | 2,200,000 |            |  | $           | 2,200 |                   |  | $     | 2,217 |  |  | $ | (4,417 | ) |  | $ |       |  
|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  
|Increase in additional paid-in
capital                                      |  |              |          |            |  |             |      |                   |  |       | 900   |  |  |   |       |   |  |   | 900    |  
|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  
|Net (loss)                                                                  |  |              |          |            |  |             |      |                   |  |       |      |  |  |   | (900   | ) |  |   | (900   | )
|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  
|Balance  February 28, 2002                                                 |  |              | 2,200,000 |            |  | $           | 2,200 |                   |  | $     | 3,117 |  |  | $ | (5,317 | ) |  | $ |       |  
|                                                                            |  |              |           |            |  |             |       |                   |  |       |       |  |  |   |        |   |  |   |        |  

Read accompanying Notes to Financial Statements.

F-4



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)




STATEMENTS OF CASH FLOW


YEARS ENDED FEBRUARY 28, 2002 AND FEBRUARY 29, 2001
AND
PERIOD FROM MARCH 12, 1997 (INCEPTION) THROUGH FEBRUARY 28, 2002


|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |           |        |  
|---------------------------------------------------------------------- | --------------------------------------------------------------------------- | ------------------------------------------ | --- | ------------ | ---- | ------------ | ------ | --------------- | ------ | - | ----- | --------- | ------ | -
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       | March 12,
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       | 1997     
|                                                                       |                                                                             |                                            |     | Year Ended   |      | Year Ended   |        | (Inception)    
|                                                                       |                                                                             |                                            |     | February 28, |      | February 29, |        | to February 28,
|                                                                       |                                                                             |                                            |     | 2002         |      | 2001         |        | 2002           
|                                                                       |                                                                             |                                            |     |              |      |              |        |                
|CASH FLOWS FROM OPERATING ACTIVITIES:                                  |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       |                                                                             | Net (loss)                                 |     | $            | (900 | )            |        | $               | (2,958 | ) |       | $         | (5,317 | )
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|CASH FLOWS FROM INVESTING ACTIVITIES:                                  |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       |                                                                             | Repayment of note receivable  stockholder |     |              |     |              |        |                 |       |   |       |           | 1,200  |  
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|CASH FLOWS FROM FINANCING ACTIVITIES:                                  |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       |                                                                             | Proceeds from issuance of common stock     |     |              |     |              |        |                 |       |   |       |           | 1,000  |  
|                                                                       |                                                                             | Increase in additional paid-in capital     |     |              | 900  |              |        |                 |       |   |       |           | 900    |  
|                                                                       |                                                                             | Increase in amount due to stockholder      |     |              |     |              |        |                 | 1,758  |   |       |           | 2,217  |  
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|NET CASH PROVIDED BY FINANCING ACTIVITIES                              |                                                                             |                                            | 900 |              |      |              | 1,758  |                 |        |   | 4,117 |          
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|NET INCREASE (DECREASE) IN CASH                                        |                                                                             |                                            |    |              |      |              | (1,200 | )               |        |   |      |          
|CASH  BEGINNING                                                       |                                                                             |                                            |    |              |      |              | 1,200  |                 |        |   |      |          
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|CASH  ENDING                                                          |                                                                             | $                                          |    |              |      | $            |       |                 |        | $ |      |          
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING
AND FINANCING ACTIVITIES: |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       | Common stock issued in exchange for note
receivable                         |                                            | $   |             |      |              | $      |                |        |   | $     | 1,200     |       
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          
|                                                                       | Reclassification of amount due to
stockholder to additional paid-in capital |                                            | $   |             |      |              | $      |                |        |   | $     | 2,217     |       
|                                                                       |                                                                             |                                            |     |              |      |              |        |                 |        |   |       |          

Read accompanying Notes to Financial Statements.

F-5



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)




NOTES TO FINANCIAL STATEMENTS


FEBRUARY 28, 2002


NOTE 1. ORGANIZATION

Capital Group One, Inc. was incorporated on March 12, 1997 under the laws of the
State of Florida. The Company is engaged in the acquisition and renovation of
foreclosed residential homes for resale. The Companys headquarters is in
Toronto, Ontario, Canada.

The Company has no revenues to date. Since inception, the Company has been
dependent upon the receipt of capital investment or other financing to fund its
continuing activities. In addition to the normal risks associated with a new
business venture, there can be no assurance that the Companys product
development will be successfully completed or that it will be a commercial
success. Further, the Company is dependent upon certain related parties to
provide continued funding and capital resources.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Income Taxes

Deferred income taxes are provided for differences between the basis of assets
and liabilities for financial and income tax reporting. A valuation allowance is
provided against deferred income tax assets in circumstances where management
believes recoverability of a portion of the assets is not reasonably assured.

(Loss) Per Share

(Loss) per share is computed by dividing net (loss) for the year by the weighted
average number of shares outstanding.

F-6



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
FEBRUARY 28, 2002

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Statement of Cash Flows

For purposes of this statement the Company considers all highly liquid
investments with an original maturity of three months or less to be cash
equivalents.

Use of Estimates

Management uses estimates and assumptions in preparing financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses. Accordingly, actual results could vary from the estimates that were
assumed in preparing the financial statements.

NOTE 3. INCOME TAXES

As of February 28, 2002 and 2001, no deferred income taxes has been recorded due
to the Company having no history of profitable operations. Significant
components of the Companys net deferred income tax asset are as follows:

|                              |  |      |        |      |  |   |      |  
|----------------------------- |  | ---- | ------ | ---- |  | - | ---- | -
|                              |  | 2002 |        | 2001
|                              |  |      |        |     
|Start-up expenditures         |  | $    | 1,000  |      |  | $ | 800  |  
|Less: Valuation allowance     |  |      | (1,000 | )    |  |   | (800 | )
|                              |  |      |        |      |  |   |      |  
|Net deferred income tax asset |  | $    |       |      |  | $ |     |  
|                              |  |      |        |      |  |   |      |  

During the year ended February 28, 2002, the valuation allowance increased by
$200.

F-7



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CAPITAL GROUP ONE, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
FEBRUARY 28, 2002

NOTE 3. INCOME TAXES (CONTINUED)

The reconciliation of income tax (benefit) computed at the federal statutory
rate to income tax expense (benefit) is as follows:

|                                            |  |  |        |   
|------------------------------------------- |  |  | ------ | --
|Tax (benefit) at federal statutory rate     |  |  | (15.00 | )%
|State tax (benefit), net of federal
benefit |  |  | (3.63  | ) 
|Valuation allowance                         |  |  | 18.63  |   
|                                            |  |  |        |   
|Tax provision (benefit)                     |  |  | 00.00  | % 
|                                            |  |  |        |   

NOTE 4. CAPITAL STOCK

The Company has authorized 50,000,000 common shares with a par value of $.001
per share. As of February 28, 2002, 2,200,000 common shares were issued and
outstanding.

F-8