United States
                     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, 2008.

[ ] 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                           65-0913588
---------------------------------------------------------------------------
       (State or other jurisdiction       (IRS Employer Identification No.)
     of incorporation or organization)

             57 Post Street # 915, San Francisco, California 94104
---------------------------------------------------------------------------
                 (Address of principal executive offices)

                               (415) 296-9131
---------------------------------------------------------------------------
                        (Issuer's telephone number)

       2030 Vallejo St., Suite 505, San Francisco, California 94123
---------------------------------------------------------------------------
        (Former name, former address, and former fiscal year,
                     if changed since last report)

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

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).
			Yes _X_    No ___

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 17, 2008,
there were approximately 1,900,000 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, 2008

												Page
Part I: Financial Information.............................................1

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

        Balance Sheets ...................................................1

        Statements of Operations .........................................2

        Statements of Stockholders' Deficit...............................3

        Statements of Cash Flows..........................................4

        Notes To Financial Statements...................................5-7

   Item 2. Management's Plan of Operation.................................8

   Item 3. Controls and Procedures........................................9

   Item 3A (T). Controls and Procedures...................................9

Part II:   Other Information..............................................9

   Item 1. Legal Proceedings..............................................9

   Item 2. Unregistered Sales of Equity Securities and Use of Proceeds....9

   Item 3. Defaults Upon Senior Securities................................9

   Item 4. Submission of Matters to a Vote of Security Holders............9

   Item 5. Other Information..............................................9

   Item 6. Exhibits......................................................10

Signatures...............................................................10




<PAGE>







                        BF ACQUISITION GROUP V, INC.
                       (A Development Stage Company)

                            FINANCIAL STATEMENTS

                              JANUARY 31, 2008

                                (UNAUDITED)









<PAGE>


                       BF ACQUISITION GROUP V, INC.
                      (A Development Stage Company)






                                CONTENTS

                                                                    PAGE
                                                                    ----

     BALANCE SHEETS                                                  1

     STATEMENTS OF OPERATIONS                                        2

     STATEMENTS OF STOCKHOLDERS' DEFICIT                             3

     STATEMENTS OF CASH FLOWS                                        4

     NOTES TO FINANCIAL STATEMENTS                                  5-7







<PAGE>




                                  PART I
                           FINANCIAL INFORMATION

    Item 1. Financial Statements


                       BF ACQUISITION GROUP V, INC.
                      (A Development Stage Company)
                              BALANCE SHEETS
<TABLE>
<CAPTION>
                                                    January 31, 2008 April 30, 2007
                                                      (Unaudited)       (Audited)
                                                      -----------    -----------
<S>                                                   <C>            <C>
ASSETS
  Current Assets:
     Cash and Cash Equivalents                        $        46    $        66
                                                      -----------    -----------

TOTAL ASSETS                                          $        46    $        66
                                                      ===========    ===========
LIABILITIES & STOCKHOLDERS' DEFICIT

  Current Liabilities
     Accrued Expenses                                 $         -    $     5,074
     Affiliates Payable                                    48,459         40,239
     Loans from Stockholders                                  450            450
                                                      -----------    -----------

     Total Current Liabilities                             48,909         45,763
                                                      -----------    -----------
  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,
       1,900,000 and 1,015,000 shares
       issued and outstanding at January
       31, 2008 and April 30, 2007                          1,900          1,015
     Additional paid-in capital                            21,176          7,676
     Deficit accumulated during the development stage     (71,939)       (54,388)
                                                      -----------    -----------
                                                          (48,863)       (45,697)
                                                      -----------    -----------
TOTAL LIABILITIES & STOCK HOLDERS' DEFICIT            $        46    $        66
                                                      ===========    ===========
</TABLE>
The accompanying notes are an integral part of these financial statements.

                                  -1-
<PAGE>


                    BF ACQUISITION GROUP V, INC.
                    (A Development Stage Company)
    STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED
                   JANUARY 31, 2008 AND 2007 AND
FOR THE PERIOD APRIL 15, 1999 (DATE OF INCEPTION) TO JANUARY 31, 2008
                              (UNAUDITED)

<TABLE>
<CAPTION>
                              Cumulative    For the Three      For the Three      For the Nine       For the Nine
                                 Since       Months Ended       Months Ended       Months Ended       Months Ended
                              Inception    January 31, 2008   January 31, 2007   January 31, 2008   January 31, 2007
                              ----------   ----------------   ----------------   ----------------   ----------------
<S>                           <C>          <C>                <C>                <C>                <C>
REVENUES
  Revenues                    $        -     $          -       $          -      $      17,551       $          -

COSTS AND EXPENSES
General and Administrative        71,719              180              1,091             17,551               4,034
                              ----------     ------------       ------------       ------------        ------------
Total costs and expenses          71,719              180              1,091             17,551               4,034
                              ----------     ------------       ------------       ------------        ------------

LOSS BEFORE INCOME TAXES         (71,719)             180              1,091             17,551              (4,034)

INCOME TAXES                           -                -                  -                  -                   -
                              ----------     ------------       ------------       ------------        ------------
NET LOSS                      $  (71,719)    $        180      $       1,091      $      17,551       $      (4,034)
                              ==========     ============       ============       ============        ============

BASIC AND DILUTED WEIGHTED
AVERAGE COMMON SHARES
OUTSTANDING                                     1,900,000          1,015,000          1,669,130           1,015,000
                                             ============       ============       ============        ============

BASIC AND DILUTED NET (LOSS)
INCOME PER COMMON SHARE                      $          -      $           -      $        0.01       $           -
                                             ============       ============       ============        ============
</TABLE>


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

                                  F-2
<PAGE>


                     BF ACQUISITION GROUP V, INC.
                    (A Development Stage Company)
                  STATEMENT OF STOCKHOLDERS' DEFICIT
FOR THE PERIOD APRIL 15, 1999 (DATE OF INCEPTION) TO JANUARY 31, 2008

<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 for the year ended
  April 30, 1999                              -           -            -          (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 for the year ended
  April 30, 2000                              -           -            -        (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 for the year ended
  April 30, 2001                              -           -            -        (2,978)       (2,978)
                                      ---------   ---------   ----------   -----------   -----------
Balance, April 30, 2001                 815,000         815        4,626        (6,987)       (1,546)

Net loss for the year ended
  April 30, 2002                              -           -            -        (3,123)       (3,123)
                                      ---------   ---------   ----------   -----------   -----------
Balance, April 30, 2002                 815,000         815        4,626       (10,110)       (4,669)

Net loss for the year ended
  April 30, 2003                              -           -            -        (3,105)       (3,105)
                                      ---------   ---------   ----------   -----------   -----------
Balance, April 30, 2003                 815,000         815        4,626       (13,215)       (7,774)

Net income for the year ended
  April 30, 2004                              -           -            -         2,143         2,143
                                      ---------   ---------   ----------   -----------   -----------
Balance, April 30, 2004                 815,000         815        4,626       (11,072)       (5,631)

Affiliate payables converted into
common stock                            200,000         200        3,050             -         3,250
Net loss for the year ended
  April 30, 2005                              -           -            -       (12,366)      (12,366)
                                      ---------   ---------   ----------   -----------   -----------
Balance, April 30, 2005               1,015,000       1,015        7,676       (23,438)      (14,747)

Net loss for the year ended
  April 30, 2006                              -           -            -       (19,916)      (19,916)
                                      ---------   ---------   ----------   -----------   -----------
Balance, April 30, 2006               1,015,000       1,015        7,676       (43,354)      (34,663)

Net loss for the year ended
  April 30, 2007                              -           -            -       (11,034)      (11,034)
                                      ---------   ---------   ----------   -----------   -----------
Balance, April 30, 2007 (Audited)     1,015,000   $   1,015   $    7,676   $   (54,388)  $   (45,697)

Issuance of stock for services          885,000         885       13,500             -       (14,385)
Net loss for the nine months ended
  January 31, 2008                            -           -            -       (17,551)      (17,551)
                                      ---------   ---------   ----------   -----------   -----------

Balance, January 31, 2008
(Unaudited)                           1,900,000   $   1,900   $   21,176   $   (71,939)  $   (48,863)
                                      =========   =========   ==========   ===========   ===========
</TABLE>




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


                                F-3
<PAGE>





                     BF ACQUISITION GROUP V, INC.
                    (A Development Stage Company)
                       STATEMENTS OF CASH FLOWS
     FOR THE NINE MONTHS ENDED JANUARY 31, 2008 AND 2007 AND
FOR THE PERIOD APRIL 15, 1999 (DATE OF INCEPTION) TO JANUARY 31, 2008
                              (UNAUDITED)
<TABLE>
<CAPTION>
                                                       Cumulative       Nine Months        Nine Months
                                                         Since             Ended              Ended
                                                       Inception     January 31, 2008    January 31, 2007
                                                      -----------    ----------------    ----------------
<S>                                                   <C>            <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net Loss                                            $  (71,719)    $      (17,551)     $       (4,034)
  Adjustments to reconcile net loss to net cash
     flows used by operating activities
  Stock issued in exchange for services                   14,826             14,385                   -
  Increase (decrease) in liabilities
     Accrued expenses                                          -             (5,074)              1,443
     Advances due to affiliates                           51,489              8,220               2,591
                                                      ----------     --------------      --------------

  Net cash used in operating activites                    (5,404)               (20)                  -
                                                      ----------     --------------      --------------
CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from issuance of common stock                   5,000                  -                   -
  Loans from stockholders                                    450                  -                   -
                                                      ----------     --------------      --------------

  Net cash provided by financing activities                5,450                  -                   -
                                                      ----------     --------------      --------------

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS  $       46                (20)                  -

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                 -                 66                  66
                                                      ----------     --------------      --------------

CASH AND CASH EQUIVALENTS, END OF PERIOD              $       46     $           46      $           66
                                                      ==========     ==============      ==============

SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ITEMS:

  200,000 shares of common stock issued in
   exchange for repayment towards affiliate payable

   Common stock                                       $      200     $            -      $            -

   Additional paid in capital                              3,050                  -                   -

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


</TABLE>

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

                                   -4-
<PAGE>


                     BF ACQUISITION GROUP V, INC.
                    (A Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS
                           (UNAUDITED)


NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLOCIES

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 PRESENTATION
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 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, 2007 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, 2007 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, 2008 are not necessarily
indicative of the results that may be expected for the year ending April 30,
2008.

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.

RECENTLY ISSUED PRONOUNCEMENTS
In June 2006, the Financial Accounting Standards Board ("FASB") issued
Interpretation No. 48 ("FIN 48"), Accounting for Uncertainty in Income Taxes.
FIN 48 prescribes detailed guidance for the financial statement recognition,
measurement and disclosure of uncertain tax positions recognized in an
enterprise's financial statements in accordance with FASB Statement No. 109,
Accounting for Income Taxes. Tax positions must meet a more-likely-than-not
recognition threshold at the effective date to be recognized upon the
adoption of FIN 48 and in subsequent periods. FIN 48 will be effective for
fiscal years beginning after December 15, 2006, and became effective for us
beginning with the first quarter of 2007, and the provisions of FIN 48 will
be applied to all tax positions under Statement No. 109 upon initial
adoption. The cumulative effect of applying the provisions of this
interpretation will be reported as an adjustment to the opening balance of
retained earnings for that fiscal year. The adoption of FIN 48 did not have a
material impact on the Company's financial statements.

                                  -5-
<PAGE>

                      BF ACQUISITION GROUP V, INC.
                      (A Development Stage Company)
                      NOTES TO FINANCIAL STATEMENTS
                              (UNAUDITED)

NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLOCIES (CONTINUED)

RECENTLY ISSUED PRONOUNCEMENTS (CONTINUED)
In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements).
SFAS No. 157 establishes a framework for measuring fair value and expands
disclosures about fair value measurements. The changes to current practice
resulting from the application of this Statement relate to the definition of
fair value, the methods used to measure fair value, and the expanded
disclosures about fair value measurements. The Statement is effective for
fiscal years beginning after November 15, 2007 and will become effective
beginning with the first quarter of fiscal 2009.  The Company has not yet
determined the impact of the adoption of SFAS No. 157 on its financial
statements and footnote disclosures.

In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for
Financial Assets and Financial Liabilities.  This Statement permits entities
to choose to measure many financial instruments and certain other items at
fair value that are not currently required to be measured at fair value.  The
objective is to improve financial reporting by providing entities with the
opportunity to mitigate volatility in reported earnings caused by measuring
related assets and liabilities differently without having to apply complex
hedge accounting provisions.  This statement also establishes presentation and
disclosure requirements designed to facilitate comparisons between entities
that choose different measurement attributes for similar types of assets and
liabilities.  This Statement is effective for financial statements issued for
fiscal years beginning after November 15, 2007 and will become effective for
the Company beginning with the first quarter of fiscal 2008.  The Company has
not yet determined the impact of the adoption of SFAS No. 159 on its financial
statements and footnote disclosures.

On December 4, 2007, the FASB issued SFAS No.141R, Business Combinations
(SFAS No. 141R). SFAS No. 141R requires the acquiring entity in a business
combination to recognize all the assets acquired and liabilities assumed,
establishes the acquisition date fair value as the measurement objective for
all assets acquired and liabilities assumed, and requires the acquirer to
expand disclosures about the nature and financial effect of the business
combination. SFAS No. 141R is effective for business combinations for which
the acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008. The Company has not
yet determined the impact of the adoption of SFAS No. 141R on its financial
statements and footnote disclosures.

NOTE 2- GOING CONCERN

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 and has a deficiency in working
capital.  These conditions raise substantial doubt about the Company's
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 result from the outcome of this
uncertainty.

NOTE 3 - PAYMENTS TO AFFILIATES

Universal Capital Management, 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 specific redemption date.


                                  -6-
<PAGE>

                      BF ACQUISITION GROUP V, INC.
                      (A Development Stage Company)
                      NOTES TO FINANCIAL STATEMENTS
                              (UNAUDITED)


NOTE 4 - INCOME TAXES

There is no income tax benefit for the losses incurred during 2007 and 2006
since the Company has established a 100% valuation allowance for deferred
tax assets due to the uncertainty of their recoverability.


NOTE 5 - COMMON STOCK

During July 2007, the Company issued 885,000 shares of common stock for
professional services valued at $14,385, fair value.













                                  -7-
<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 re-established
our business plan in 2004 and our 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 $48,909 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, 2007 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,
2008 interim financial statements.


                                  -8-
<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.

Item 3A (T). Controls and Procedures.

Not applicable.

                                 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


                                  -9-
<PAGE>


Item 6.  Exhibits

(a) 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.



                                    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 R. Colucci
    ----------------------
    William R. Colucci, President

Dated: March 17, 2008

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

Dated: March 17, 2008

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

Dated: March 17, 2008



                                  -10-
<PAGE>