U.S. Securities and Exchange Commission

                       Washington, DC 20549

                            Form 10-QSB

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

For the quarterly period ended January 31, 2005.

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

For the transition period from ________ to _________

                   Commission File number 0-26853

                    BF Acquisition Group V, Inc.
----------------------------------------------------------------------
  (Exact name of small business issuer as specified in its charter)

                             Florida
----------------------------------------------------------------------
   (State or other jurisdiction of incorporation or organization)

                           65-0913588
----------------------------------------------------------------------
              (IRS Employer Identification No.)

       2501 Turk Boulevard, San Francisco, California 94118
----------------------------------------------------------------------
           (Address of principal executive offices)

                         (415) 831-1974
----------------------------------------------------------------------
                   (Issuer's telephone number)

----------------------------------------------------------------------
(Former name, former address, and former fiscal year, if changed since
                           last report)

                APPLICABLE ONLY TO CORPORATE ISSUERS

	State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date: As of
March 10, 2005, there were approximately 1,015,000 shares of common
stock, $0.001 par value, issued and outstanding.

	Transitional Small Business Disclosure Format (check one);
 Yes __    No _X__



<PAGE>



                     BF ACQUISITION GROUP V, INC.

                         Form 10-QSB Index
                         January 31, 2005

                                                                         Page

Part I: Financial Information..............................................3

     Item 1. Financial Statements..........................................3

             Balance Sheet as of January 31, 2005 (Unaudited)..............4

             Statements of Operations For the Three
             And Nine Months Ended January 31, 2005 and 2004 and
             The Period April 15, 1999 (Date of Inception)
             To January 31, 2005 (Unaudited)...............................5

             Statement of Changes in Stockholders' Deficit for the
             Period April 15, 1999 (Date of Inception) to
             January 31, 2005 (Unaudited)..................................6

             Statement Of Cash Flows For the Nine
             Months Ended January 31, 2005 and 2004 and
             The Period April 15, 1999 (Date of Inception)
             To January 31, 2005 (Unaudited)...............................7

             Notes To Financial Statements (Unaudited)....................8-9

     Item 2. Management's Plan of Operation................................10

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

Part II:  Other Information................................................11

     Item 1. Legal Proceedings.............................................11

     Item 2. Unregistered Sales of Equity Securities and Use of Proceeds...11

     Item 3. Defaults Upon Senior Securities...............................11

     Item 4. Submission of Matters to a Vote of Security Holders...........11

     Item 5. Other Information.............................................11

     Item 6. Exhibits......................................................11

Signatures.................................................................12



<PAGE>



                            PART I
                     FINANCIAL INFORMATION


Item 1.  Financial Statements














                                  3
<PAGE>



                     BF ACQUISITION GROUP V, INC.
                    (A DEVELOPMENT STAGE COMPANY)
                           BALANCE SHEETS
                          JANUARY 31, 2005

<TABLE>
<CAPTION>

                                                                   (Unaudited)       (Audited)
                                                                    January 31,      April 30,
                                                                       2005            2004
                                                                    ----------       ----------
<S>                                                                 <C>              <C>
                       ASSETS
                       ------

Current Assets:
    Cash and cash equivalents                                        $      -         $      -
                                                                    ----------       ----------
         Total Current Assets                                               -                -
                                                                    ----------       ----------
    Total Assets                                                     $      -         $      -
                                                                    ==========       ==========



	LIABILITIES AND STOCKHOLDERS' DEFICIT
        -------------------------------------

Current Liabilities
    Accrued expenses                                                 $  3,451         $  5,181
    Payables - affiliates                                               7,650                -
    Loans from shareholders                                               450              450
                                                                    ----------       ----------
         Total Current Liabilities                                     11,551            5,631
                                                                    ----------       ----------

Stockholders' Deficit
    Preferred stock, no par value; 5,000,000 shares authorized,
      no shares issued and outstanding                                      -                -
    Common stock, $.001 par value; 50,000,000 shares authorized,
      1,015,000 shares issued and outstanding at January 31, 2005,
      and 815,000 shares issued and outstanding at April 30, 2004       1,015              815
    Additional paid-in capital                                          7,676            4,626
    Deficit accumulated during the development stage                  (20,242)         (11,072)
                                                                    ----------       ----------
                                                                      (11,551)          (5,631)
                                                                    ----------       ----------

    Total Liabilities and Stockholders' Deficit                      $      -         $      -
                                                                    ==========       ==========
</TABLE>

           (See Accompanying Notes to Financial Statements)


                                  4
<PAGE>



                              BF ACQUISITION GROUP V, INC.
                             (A DEVELOPMENT STAGE COMPANY)
                               STATEMENTS OF OPERATIONS
              FOR THE THREE AND NINE MONTHS ENDED JANUARY 31, 2005 AND 2004
           AND THE PERIOD APRIL 15, 1999 (DATE OF INCEPTION TO JANUARY 31, 2005
                                     (UNAUDITED)

<TABLE>
<CAPTION>


                                                       Three Months    Three Months    Nine Months     Nine Months
                                        Cumulative         Ended          Ended           Ended           Ended
                                          Since         January 31,     January 31,     January 31,     January 31,
                                        Inception          2005            2004            2005            2004
                                       -----------     ------------    ------------    ------------    ------------
<S>                                    <C>             <C>             <C>             <C>              <C>

REVENUES
    Revenues                           $        -      $        -      $        -      $        -       $        -

COSTS AND EXPENSES
    General and administrative             20,242           2,820             598           9,170            1,792
                                       -----------     ------------    ------------    ------------    ------------
         Total costs and expenses          20,242           2,820             598           9,170            1,792
                                       -----------     ------------    ------------    ------------    ------------

LOSS BEFORE INCOME TAXES                  (20,242)         (2,820)           (598)         (9,170)          (1,792)

INCOME TAXES                                    -               -               -               -                -
                                       -----------     ------------    ------------    ------------    ------------

NET LOSS                               $  (20,242)     $   (2,820)     $     (598)     $   (9,170)      $   (1,792)
                                       ===========     ============    ============    ============    ============
BASIC AND DILUTED WEIGHTED AVERAGE
    COMMON SHARES OUTSTANDING                           1,015,000         815,000         892,818          815,000
                                                       ============    ============    ============    ============
BASIC AND DILUTED NET LOSS PER
    COMMON SHARE                                       $    (0.00)     $    (0.00)     $    (0.01)      $    (0.00)
                                                       ============    ============    ============    ============

</TABLE>

                     (See Accompanying Notes to Financial Statements)


                                  5
<PAGE>



                         BF ACQUISITION GROUP V, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT
        FOR THE PERIOD APRIL 15, 1999 (DATE OF INCEPTION) TO JANUARY 31, 2005
                                (UNAUDITED)
<TABLE>
<CAPTION>

                                                                                      Deficit
                                                                                    Accumulated
                                                Common Stock          Additional     during the
                                          Number of                    Paid-In      Development
                                            Shares        Amount       Capital        Stage          Total
                                         ------------   ---------    ---------     ------------    ----------
<S>                                      <C>            <C>          <C>           <C>             <C>
Issuance of initial 510,000 shares
  on April 15, 1999                          510,000    $    510     $    490      $       -       $   1,000
Issuance of shares of common stock
  in exchange for services                   190,000         190          182                            372
Net loss                                                                                (372)           (372)
                                         ------------   ---------    ---------     ------------    ----------
Balance, April 30, 1999                      700,000         700          672           (372)          1,000

Issuance of shares of common stock            60,000          60        2,940                          3,000
Issuance of shares of common stock
  in exchange for services                    35,000          35           34                             69
Net loss                                                                              (3,637)         (3,637)
                                         ------------   ---------    ---------     ------------    ----------

Balance, April 30, 2000                      795,000         795        3,646         (4,009)            432

Issuance of shares of common stock            20,000          20          980                          1,000
Net loss                                                                              (2,978)         (2,978)
                                         ------------   ---------    ---------     ------------    ----------

Balance, April 30, 2001                      815,000         815        4,626         (6,987)         (1,546)

Net loss                                                                              (3,123)         (3,123)
                                         ------------   ---------    ---------     ------------    ----------

Balance, April 30, 2002                      815,000         815        4,626        (10,110)         (4,669)

Net loss                                                                              (3,105)         (3,105)
                                         ------------   ---------    ---------     ------------    ----------

Balance, April 30, 2003                      815,000         815        4,626        (13,215)         (7,774)
Net income                                                                             2,143           2,143
                                         ------------   ---------    ---------     ------------    ----------

Balance, April 30, 2004                      815,000         815        4,626        (11,072)         (5,631)

Issuance of shares of common stock
  against affiliate payable                  200,000         200        3,050              -           3,250
Net loss for the nine months ended
  January 31, 2005                                                                    (9,170)         (9,170)
                                         ------------   ---------    ---------     ------------    ----------


Balance, January 31, 2005                  1,015,000    $  1,015     $  7,676      $ (20,242)      $ (11,551)
                                         ============   =========    =========     ============    ==========
</TABLE>

            (See Accompanying Notes to Financial Statements)


                                  6
<PAGE>



                    BF ACQUISITION GROUP V, INC.
                   (A DEVELOPMENT STAGE COMPANY)
                    STATEMENT OF CASH FLOWS
         FOR THE NINE MONTHS ENDED JANUARY 31, 2005 AND 2004
AND THE PERIOD APRIL 15, 1999 (DATE OF INCEPTION) TO JANUARY 31, 2005
                           (UNAUDITED)
<TABLE>
<CAPTION>

                                                                          Nine Months     Nine Months
                                                          Cumulative         Ended           Ended
                                                            Since         January 31,     January 31,
                                                           Inception         2005            2004
                                                          ------------    ------------    ------------
<S>                                                       <C>             <C>             <C>

Cash Flows From Operating Activities
    Net Income                                            $  (20,242)     $   (9,170)     $   (1,792)
    Adjustments to reconcile net loss to net cash flows
      used by operating activities
    Stock issued in exchange for services                        441               -               -
    Net changes in:
         Accrued expenses                                      3,451          (1,730)          1,666
         Advances due to affiliates                           10,900          10,900               -
                                                         ------------    ------------    ------------
Net cash used by operating activities                         (5,450)              -            (126)
                                                         ------------    ------------    ------------
Cash Flows From Financing Activities
    Proceeds from issuance of common stock                     5,000               -               -
    Loans from related parties                                   450               -               -
                                                         ------------    ------------    ------------
Net cash provided by financing activities                      5,450               -               -
                                                         ------------    ------------    ------------

Net Increase (Decrease) in Cash                                    -               -            (126)

Cash, Beginning of Period                                          -               -             126
                                                         ------------    ------------    ------------

Cash, End of Period                                       $        -      $        -      $        -
                                                         ============    ============    ============
Supplemental Disclosure of Non-Cash Financing
    200,000 shares of common stock issued in exchange
    for repayment towards affiliate payable
         Common stock                                     $      200      $      200      $        -
         Additional paid-in capital                            3,050           3,050               -
                                                         ------------    ------------    ------------

         Due to affiliate repayment                       $   (3,250)     $   (3,250)     $        -
                                                         ============    ============    ============

</TABLE>

               (See Accompanying Notes to Financial Statements)


                                  7
<PAGE>



                   BF ACQUISITION GROUP V, INC.
                  NOTES TO FINANCIAL STATEMENTS
                           (UNAUDITED)



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization

BF Acquisition Group V, Inc. (the "Company") is a development stage
company organized in Florida on April 15, 1999 as a "shell" company,
which looks for suitable business partners or acquisition candidates
to merge with or acquire. Operations have consisted primarily of
obtaining the initial capital contribution by the founding
shareholders and coordination of activities regarding the SEC
registration of the Company.

Basis of Presentations

The accompanying unaudited condensed financial statements have
been prepared by BF Acquisition Group V, Inc. (the Company). These
statements include all adjustments (consisting only of normal
recurring adjustments) which management believes necessary for a fair
presentation of the statements and have been prepared on a consistent
basis using the accounting policies described in the summary of
Accounting Policies included in the Company's April 30, 2004 Annual
Report on Form 10-KSB. Certain financial information and footnote
disclosures normally included in the financial statements prepared in
accordance with U.S. generally accepted accounting principles have
been condensed or omitted pursuant to such rules and regulations,
although the Company believes that the accompanying disclosures are
adequate to make the information presented not misleading. The Notes
to Financial Statements in the April 30, 2004 Annual Report on Form
10-KSB should be read in conjunction with the accompanying interim
financial statements. Operating results for the nine months ended
January 31, 2005 are not necessarily indicative of the results that
may be expected for the year ending April 30, 2005.

Use of Estimates

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

Reclassifications

Certain reclassifications have been made to the prior period
financial statements to conform to the presentation in the current
period's financial statements.


NOTE 2 - REALIZATION OF ASSETS

The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern. The Company has
incurred losses from activities during the development stage. This
condition raises substantial doubt about the Company's ability to
continue as a going concern. The financial statements do not include
any adjustments that might result from the outcome of this
uncertainty.


                                  8
<PAGE>



                   BF ACQUISITION GROUP V, INC.
                  NOTES TO FINANCIAL STATEMENTS
                           (UNAUDITED)



NOTE 3 - PAYABLE TO AFFILIATES

   BF Acquisition Group IV, Inc., related to the Company by common
shareholders and management personnel, had provided cash advances
for operating expenses of the Company. Currently, such loans are
unsecured and without specified redemption date.

   As described below, the Company, on September 15, 2004, issued
100,000 shares each to one company affiliated through common
ownership, and another formerly affiliated; each 100,000 shares
issued reduced amounts owed of $1,625.


NOTE 4 - ISSUANCE OF COMMON STOCK

   By unanimous consent of the Company's sole director, the Company
issued 100,000 shares each to one company affiliated through common
ownership, and another formerly affiliated in exchange of
liabilities due to this affiliate and former affiliate of $1,625
each. Accordingly, 200,000 of $0.001 par value common shares were
issued as follows:

    Common stock                    $         200
    Additional paid-in capital      $       3,050
                                    --------------
    Reduction to due to affiliate   $       3,250
                                    ==============


                                  9
<PAGE>






Item 2.  Management's Plan of Operation.

                                Overview

    The following discussion "Management's Plan of Operation"
contains forward-looking statements. The words "anticipate,"
"believe," "expect," "plan," "intend," "estimate," "project," "will,"
"could," "may" and similar expressions are intended to identify
forward-looking statements. Such statements reflect our current views
with respect to future events and financial performance and involve
risks and uncertainties. Should one or more risks or uncertainties
occur, or should underlying assumptions prove incorrect, actual
results may vary materially and adversely from those anticipated,
believed, expected, planned, intended, estimated, projected or
otherwise indicated. We caution you not to place undue reliance on
these forward-looking statements, which we have made as of the date of
this Quarterly Report on Form 10-QSB.

    The following is qualified by reference to, and should be read in
conjunction with our financial statements ("Financial Statements"),
and the notes thereto, included elsewhere in this Form 10-QSB, as well
as the discussion hereunder "Management's Plan of Operation".

                           Plan Of Operation

    During the period covered by this report, BF Acquisition Group V,
Inc. (the "Company") conducted no business operations and generated no
revenue.

    Our Company was initially organized as a "shell" company, with
plans to seek business partners or acquisition candidates; however,
due to capital constraints, we were unable to continue with our
business plan. In March 2001, we ultimately ceased our business
activities and became dormant, whereby we incurred only minimal
administrative expenses.  We are currently re-establishing our
business plan and management is devoting most of its efforts to
general business planning, raising capital, and developing business
opportunities.

    As described above, we became dormant for a period of time due to
the lack of capital. During that dormant period we incurred a loss
from operations, and presently do not have any revenues to cover our
incurred expenses. Our management recognizes that we must generate
additional resources to enable us to pay our obligations as they come
due, and that we must ultimately implement our business plan and
achieve profitable operations.  We cannot assure you that we will be
successful in any of these activities.  Should any of these events not
occur, our financial condition will be materially adversely affected.

    Until we obtain business partners or acquisition candidates, our
Company does not expect to meet its current capital requirements for
the next twelve months. Additionally, we cannot assure you that if we
obtain business partners or acquisition candidates that we will meet
our current capital requirements for the next twelve months. We
obtained $8,100 in affiliate cash advances and loans to meet our
current capital requirements, but we cannot assure you that we can
obtain additional cash advances or loans for any amount in the future.
Our independent auditors have indicated in their audit opinion for the
year ended April 30, 2004 and April 30, 2003 that certain factors
raise substantial doubt about our ability to continue as a going
concern, and these continuing factors are discussed in note 2 to our
accompanying January 31, 2005 interim financial statements.


                                  10
<PAGE>



Item 3.     Controls and Procedures.

    As of the end of the period covered by this report, an evaluation
was performed under the supervision and with the participation of the
Company's principal executive officers and financial officers of the
effectiveness of the design and operation of the Company's disclosure
controls and procedures (as such term is defined in Rules 13a-15(e)
and 15d-15(e) under the Exchange Act) as of the end of the period
covered by this report. The evaluation revealed to the Company's
principal executive officers and financial officers that the design
and operation of the Company's disclosure controls and procedures were
effective as of the end of the period covered by this report.

    There have been no significant changes in the Company's internal
controls and in other factors that could significantly affect internal
controls subsequent to the date of the above-described evaluation
period.

                              PART II
                         OTHER INFORMATION

Item 1.  Legal Proceedings

	Not Applicable

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

	Not Applicable

Item 3.  Defaults Upon Senior Securities

	Not Applicable

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

	Not Applicable

Item 5.  Other Information

	Not Applicable

Item 6.  Exhibits

Exhibit No.     Description of Exhibit       Sequential Page No.

(31)

   31.1    Certification of the President of BF Acquisition Group V, Inc.
           pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

   31.2    Certification of the Treasurer of BF Acquisition Group V, Inc.
           pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
(32)

   32.1    Certification of the President of BF Acquisition Group V, Inc.
           pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

   32.2    Certification of the Treasurer of BF Acquisition Group V, Inc.
           pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


                                  11
<PAGE>



                              SIGNATURES

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

BF ACQUISITION GROUP V, INC.

Registrant

By:/s/William Colucci
   --------------------------
   William Colucci, President

Dated: March 10, 2005

By:/s/William Colucci
   --------------------------
   William Colucci, President

Dated: March 10, 2005


By:/s/William Colucci
   --------------------------
   William Colucci, Treasurer

Dated: March 10, 2005


                                  12
<PAGE>