U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: June 30, 2008

|_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to _________
Commission file number 000-53186

Ventura Assets Limited
----------------------
(Name of Small Business Issuer in its charter)

Colorado 37-1441050
-------- ----------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

2241 Flintridge Drive, Glendale CA 91206
----------------------------------------
(Address of principal executive offices)

(818) 424-0219
--------------
Issuer's telephone number

------------------------------------------
(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 [ ] No [ X ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of June 30, 2008, the issuer had
1,500,000 shares of common stock, no par value, issued and outstanding.

VENTURA ASSETS LIMITED
QUARTERLY REPORT ON FORM 10-Q
FOR THE THREE MONTHS ENDED June 30, 2008
TABLE OF CONTENTS

PART I- FINANCIAL INFORMSTION

Item 1. Financial Statements

Balance Sheet for the Third Quarter ended June 30, 2008 (Unaudited) 4
Statement of Operations for June 30, 2008 (Unaudited) 5
Statement of Stockholder's Equity for June 30, 2008 (Unaudited) 6
Statement of Cash Flows dated June 30, 2008 (Unaudited) 7

Notes to Financial Statements for June 30, 2008 (Unaudited) 8-14

Item 2. Management's Discussion and Analysis of Financial Condition and 15-16
Results of Operations

Item 3. Quantitative and Qualitative Disclosures About Market Risk 17

Item 4T. Controls and Procedures 17

PART II- OTHER INFORMATION

Item 1. Legal Proceedings 18

Item 1A. Risk Factors 18

Item 2. Unregistered Sales of Securities and Use of Proceeds 18

Item 3. Defaults Upon Senior Securities 18

Item 4. Submission of Matters to a Vote of Security Holders 18

Item 5. Other Information 18

Item 6. Exhibits 18

Signature

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

GENERAL

The Company's unaudited financial statements for the third quarter ended June
30, 2008 are included with this Form 10-Q. The unaudited financial statements
have been prepared in accordance with the instructions to Form 10-Q and,
therefore, do not include all information and footnotes necessary for a complete
presentation of financial position, results of operations, and cash flows in
conformity with generally accepted accounting principles. In the opinion of
management, all adjustments considered necessary for a fair presentation of the
results of operations and financial position have been included and all such
adjustments are of a normal recurring nature. Interim results are not
necessarily indicative of results of operations that may be expected for the
year ending December 31, 2008.

Ventura Assets Limited
(A Development Stage Company)
Balance Sheet
As of June 30, 2008
Unaudited

Inception
6/30/2008 6/30/2007 12/31/2007 through
Assets Unaudited Audited Audited 6/30/2008
--------- ------- ------- ---------

Cash $ 103 103 103 103
-------- -------- -------- --------

Total Assets $ 103 103 103 103
======== ======== ======== ========

Liabilities and Stockholders' Equity:
Current Liabilities
Stockholder Loan $ 6,370 200 200 6,370

Stockholders' Equity:
Common Stock, 50,000,000 shares authorized
1,500,000 shares issued and outstanding no par value 15,000 15,000 15,000 15,000
Preferred Stock, 10,000,000 shares authorized
none issued and outstanding no par value -- --
Deficit Accumulated During the Development Stage $(21,267) $(15,097) $(15,097) $(21,267)
-------- -------- -------- --------

Stockholders' Deficit $ (6,267) $ (97) $ (97) $(21,267)
-------- -------- -------- --------

Total Liabilities and Stockholders Deficit $ 103 $ 103 $ 103 $ 103
======== ======== ======== ========

Ventura Assets Limited
(A Development Stage Company)
Statement of Operations
June 30, 2008
Unaudited

Years Ended Inception
June 30 June 30 December 31 through
2008 2007 2007 2006 June 30, 2008
----------- ----------- ----------- ----------- -------------

Revenues -- -- -- -- --

Expenses:
Legal fees $ 2,500 -- -- -- $ 2,500
Accounting 500 -- -- -- 500
EDGAR Filing 2,500 -- -- -- 2,500
Stock Transfer 520 -- -- -- 520
Software -- -- 2 45 15,097
Miscellaneous 150 -- -- -- 150
----------- ----------- ----------- ----------- -----------

Total Expenses $ 6,170 -- $ 2 $ 45 $ 21,267
----------- ----------- ----------- ----------- -----------
Net Loss $ (6,170) -- $ (2) $ (45) $ (21,267)

Loss Per Share $ (.0041) $ 0.00 $ 0.00 $ 0.00 $ (0.0142)

Weighted Average Shares
Outstanding 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000

Ventura Assets Limited
(A Development Stage Company)
Statement of Stockholders' Equity
June 30, 2008
Unaudited

Shares Par Value Total Deficit Total
------ --------- ----- ------- -----

Inception 8/21/2002-Founder Shares Issued 1,500,000 -- $ 15,000 $ 15,000

Net loss (43) (43)

Balance December 31, 2002 15,000 (43) 14,957

Net Loss (14,954) (14,954)

Balance December 31, 2003 15,000 (14,997) 3

Net Loss -- --

Balance December 31, 2004 15,000 (14,997) 3

Net Loss (57) (57)

Balance December 31, 2005 15,000 (15,054) (54)

Net Loss (45) (45)

Balance December 31, 2006 1,500,000 -- 15,000 (15,099) (99)

Net Income 2 2

Balance December 31, 2007 1,500,000 -- 15,000 (15,097) (97)

Balance June 30, 2008 1,500,000 15,000 (21,267) (6,267)

Ventura Assets Limited
(A Development Stage Company)
Statement of Cash Flows
June 30, 2008
Unaudited

Quarter Quarter Years ended
Ended Ended December 31 Inception to
6/30/2008 6/30/2007 2007 2006 6/30/2008
--------- --------- ---- ---- ---------
Cash Flows from Operating Activities:

Net Loss $ (6,170) $ (2) $ (2) $ (45) $(21,267)

Cash flows from Financing Activities

Increase in notes Payable 6,170 2 2 45 6370
Common Stock Issued for Cash -- -- -- -- 15,000

Net Cash flows provided by Financing Activities $ 6,170 $ 2 $ 2 $ 45 $ 21,267

Net Increase (decrease) in Cash $ 6,170 $ 2 $ 2 $ 45 $ 21,267
Cash at the Beginning 103 101 101 101 103
Cash at the End 103 103 103 101 103

Supplemental Disclosures:

Interest Paid -- -- -- -- --
Income Taxes Paid -- -- -- -- --

Ventura Assets Limited
(a Development Stage Company)
Notes to Financial Statements
June 30, 2008
Unaudited

Note 1 - Organization and Principal Activities

Organization and Description of Business

Ventura Assets Limited (a development stage company) provides unclaimed property
location services to the public and businesses. The Company assists clients in
obtaining information regarding lost or forgotten estates, unclaimed assets
and/or financial belongings in any or all of the United States. The Company was
incorporated under the laws of the State of Colorado on August 21, 2002, and has
its principal office in Glendale, California.

Note 2 - Summary of Significant Accounting Policies

Basis of Presentation

The financial statements are prepared in accordance with accounting principles
generally accepted in the United States of America. The preparation of the
financial statements requires management to make estimates and assumptions that
affect the reported amounts in the financial statements, including the estimated
useful lives of tangible and intangible assets. Management believes the
estimates used in preparing the financial statements are reasonable and prudent.
Actual results could differ from these estimates.

Financial Instruments

The Company's financial instruments include cash and cash equivalents and notes
payable. At the year ends the carrying cost of these instruments approximate
their fair value.

Cash Equivalents

Cash equivalents include highly liquid investments with maturities of three
months or less.

Intangible Assets

In accordance with SFAS No. 142, "Goodwill and Other Intangible Assets," the
Company evaluates intangible assets and other long-lived assets for impairment,
at least on an annual basis and whenever events or changes in circumstances
indicate that the carrying value may not be recoverable from its estimated
future cash flows. Recoverability of intangible assets and other long-lived
assets is measured by comparing their net book value to the related projected
undiscounted cash flows from these assets, considering a number of factors
including past operating results, budgets, economic projections, market trends
and product development cycles. If the net book value of the asset exceeds the
related undiscounted cash flows, the asset is considered impaired, and a second
test is performed to measure the amount of impairment loss.

Revenue Recognition

Revenue is recognized in accordance with SEC Staff Accounting Bulletin No. 101,
"Revenue Recognition in Financial Statements". The Company recognizes revenue
when the significant risks and rewards of ownership have been transferred to the
customer pursuant to applicable laws and regulations, including factors such as
when there has been evidence of a sales arrangement, delivery has occurred, or
service have been rendered, the price to the buyer is fixed or determinable, and
collectibility is reasonably assured.

Stock - Based Compensation

The Company may periodically issue shares of common stock for services rendered
or for other costs and expenses. Such shares will be valued based on the market
price of the shares on the transaction date.

The Company may periodically issue stock options to employees and stock options
or warrants to non-employees in non-capital raising transactions for services
and for financing costs.

The Company has adopted Statement of Financial Accounting Standards No. 123,
"Accounting for Stock-Based Compensation" ("SFAS No. 123"), which establishes a
fair value method of accounting for stock-based compensation plans.

The provisions of SFAS No. 123 allow companies to either record an expense in
the financial statements to reflect the estimated fair value of stock options to
employees, or to continue to follow the intrinsic value method set forth in
Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to
Employees", but to disclose on an annual basis the pro-forma effect on net
income (loss) and net income (loss) per share had the fair value of the stock
options been recorded in the financial statements. SFAS No. 123 was amended by
SFAS No., 148, which now requires companies to disclose in interim financial
statements the pro-forma effect on net income (loss) and net income (loss) per
common share of the estimated fair value of stock options issued to employees.

In accordance with SFAS No. 123, the cost of stock options and warrants issued
to non-employees is measured at the grant date based on the fair value of the
award. The fair value of the stock-based award is determined using the
Black-Scholes option-pricing model. The resulting amount is charged to expenses
on the straight-line basis over the period in which the Company expects to
receive benefit, which is generally the vesting period.

Pro Forma Financial Disclosure - In accordance with SFAS No. 123, the Company
will provide footnote disclosure with respect to stock-based employee
compensation. The value of a stock-based award will be determined using the
Black-Scholes option-pricing model, whereby compensation cost is the fair value
of the award as determined by the pricing model at the grant date or other
measurement date. The resulting amount will be charged to expense on the
straight-line basis over the period in which the Company expects to receive
benefit, which is generally the vesting period.

The Company had no stock options outstanding during the period August 21, 2002
(date of inception) through June 30, 2008, accordingly, no pro forma financial
disclosure is provided herein.

Income Taxes

Income taxes are accounted for in accordance with SFAS 109, Accounting for
Income Taxes, using the asset and liability method. Deferred tax assets and
liabilities are recognized for the future tax consequences attributable to
differences between the financial statement carrying amounts of existing assets
and liabilities and their respective tax bases and tax credit carry forwards.
Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in income in the
period that includes the enactment date.

Earnings Per Common Share

Statement of Financial Accounting Standards No. 128, "Earnings Per Share",
requires presentation of basic earnings per share ("Basic EPS") and diluted
earnings per share ("Diluted EPS"). Basic earnings (loss) per share is computed
by dividing earnings (loss) available to common stockholders by the weighted
average number of common shares outstanding (including shares reserved for
issuance) during the period. Diluted earnings per share gives effect to all
dilutive potential common shares outstanding during the period. The Company did
not have any potentially dilutive securities outstanding during the period
August 21 2002 (date of inception) through December 31, 2007. Accordingly, basic
and diluted loss per common share is the same.

Advertising

The costs of advertising, promotion and marketing programs are charged to
operations in the calendar year incurred.

Segmented Information

Management has determined that the Company operates in one dominant industry
segment. Additional segment disclosure requirements will be evaluated as it
expands its operations.

Concentration of Credit Risk

Financial instruments, which potentially subject the Company to concentrations
of credit risk, consist of cash and cash equivalents and accounts receivables.
The Company places its cash with high quality financial institutions and at
times may exceed the FDIC $100,000 insurance limit. The Company extends credit
based on an evaluation of the customer's financial condition, generally without
collateral. Exposure to losses on receivables is principally dependent on each
customer's financial condition. The Company monitors its exposure for credit
losses and maintains allowances for anticipated losses, as required. Accounts
are "written-off" when deemed uncollectible.

Special - purpose entities

The Company does not have any off-balance sheet financing activities.

Going Concern

The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America, which
contemplate continuation of the Company as a going concern. As of December 31,
2007 the Company had a retained deficit and no established source of revenue.

These conditions, among others, raises substantial doubt as to the Company's
ability to continue as a going concern. These financial statements do not
include any adjustments that might result from the outcome of this uncertainty.
These financial statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts, or amounts and
classification of liabilities that might be necessary should the Company be
unable to continue as a going concern.

The Company's ability to continue in business is dependent upon obtaining
sufficient financing or attaining profitable operations. These financial
statements do not include any adjustments that might result from the outcome of
these uncertainties.

Use of estimates

The preparation of financial statements in conformity with U.S. generally
accepted accounting principles (GAAP) requires management to make estimates and
assumptions that affect the amounts reported in the financial statements. The
Company bases its estimates on historical experience, management expectations
for future performance, and other assumptions as appropriate. Key areas affected
by estimates include the assessment of the recoverability of long-lived assets,
which is based on such factors as estimated future cash flows. The Company
re-evaluates its estimates on an ongoing basis. Actual results may vary from
those estimates.

Organizational costs

The Company expenses all start-up and organizational costs as they are incurred
in accordance with the provisions of Statement of Position (SOP) 98-5,
"Reporting on the Costs of Start-up Activities" issued by the American Institute
of Certified Public Accountants.

Website Development Costs

The Company accounts for website development costs in accordance with Emerging
Issues Task Force (EITF) No. 00-2. Accordingly, all costs incurred in the
planning stage are expensed as incurred, costs incurred in the website
application and infrastructure development stage are accounted for in accordance
with Statement of Position (SOP) 98-1 which requires the capitalization of
certain costs that meet specific criteria, and costs incurred in the day to day
operation of the website are expensed as incurred.

Note 3 - Recently issued accounting pronouncements

In March 2004, the FASB approved the consensus reached on the Emerging Issues
Task Force (EITF) Issue No. 03-1, "The Meaning of Other-Than-Temporary
Impairment and Its Application to Certain Investments." The objective of this
Issue is to provide guidance for identifying impaired investments. EITF 03-1
also provides new disclosure requirements for investments that are deemed to be
temporarily impaired. In September 2004, the FASB issued a FASB Staff Position
(FSP) EITF 03-1-1 that delays the effective date of the measurement and
recognition guidance in EITF 03-1 until after further deliberations by the FASB.
The disclosure requirements are effective only for annual periods ending after
June 15, 2004. The Company has evaluated the impact of the adoption of the
disclosure requirements of EITF 03-1 and does not believe it will have an impact
to the Company's overall combined results of operations or combined financial
position. Once the FASB reaches a final decision on the measurement and
recognition provisions, the Company will evaluate the impact of the adoption of
EITF 03-1.

In November 2004, the FASB issued SFAS No. 151 "Inventory Costs, an amendment of
ARB No. 43, Chapter 4", (" SFAS No. 151"). The amendments made by SFAS 151
clarify that abnormal amounts of idle facility expense, freight, handling costs,

and wasted materials (spoilage) should be recognized as current-period charges
and require the allocation of fixed production overheads to inventory based on
the normal capacity of the production facilities. The guidance is effective for
inventory costs incurred during fiscal years beginning after June 15, 2005.
Earlier application is permitted for inventory costs incurred during fiscal
years beginning after November 23, 2004. The Company has evaluated the impact of
the adoption of SFAS 151, and does not believe the impact will be significant to
the Company's overall results of operations or financial position.

In December 2004, the FASB issued SFAS No.152, "Accounting for Real Estate
Time-Sharing Transactions-an amendment of FASB Statements No. 66 and 67" ("SFAS
152") SFAS 152 amends SFAS No. 66, "Accounting for Sales of Real Estate", to
reference the financial accounting and reporting guidance for real estate
time-sharing transactions that is provided in AICPA Statement of Position (SOP)
04-2, "Accounting for Real Estate Time-Sharing Transactions". SFAS 152 also
amends SFAS No. 67, "Accounting for Costs and Initial Rental Operations of Real
Estate Projects", to state that the guidance for (a) incidental operations and
(b) costs incurred to sell real estate projects does not apply to real estate
time-sharing transactions. The accounting for those operations and costs is
subject to the guidance in SOP 04-2. SFAS 152 is effective for financial
statements for fiscal years beginning after June 15, 2005, with earlier
application encouraged. The Company has evaluated the impact of the adoption of
SFAS 152, and does not believe the impact will be significant if any, to the
Company's overall results of operations or financial position since the Company
does not enter into such transactions.

In December 2004, the FASB issued SFAS No.153, "Exchanges of Nonmonetary Assets,
an amendment of APB Opinion No. 29, Accounting for Nonmonetary Transactions."
The amendments made by SFAS 153 are based on the principle that exchanges of
nonmonetary assets should be measured based on the fair value of the assets
exchanged. Further, the amendments eliminate the narrow exception for
nonmonetary exchanges of similar productive assets and replace it with a broader
exception for exchanges of nonmonetary assets that do not have commercial
substance. Previously, Opinion 29 required that the accounting for an exchange
of a productive asset for a similar productive asset or an equivalent interest
in the same or similar productive asset should be based on the recorded amount
of the asset relinquished. Opinion 29 provided an exception to its basic
measurement principle (fair value) for exchanges of similar productive assets.
That exception required that some nonmonetary exchanges, although commercially
substantive, to be recorded on a carryover basis. By focusing the exception on
exchanges that lack commercial substance, the FASB believes SFAS No.153 produces
financial reporting that more faithfully represents the economics of the
transactions. SFAS No.153 is effective for nonmonetary asset exchanges occurring
in fiscal periods beginning after June 15, 2005. Earlier application is
permitted for nonmonetary asset exchanges occurring in fiscal periods beginning
after the date of issuance. The provisions of SFAS No.153 shall be applied
prospectively. The Company has evaluated the impact of the adoption of SFAS 153,
and does not believe the impact will be significant to the Company's overall
results of operations or financial position.

In December 2004, the FASB issued SFAS No.123 (revised 2004), "Share-Based
Payment" ("SFAS 123(R)"). SFAS 123(R) will provide investors and other users of
financial statements with more complete and neutral financial information by
requiring that the compensation cost relating to share-based payment
transactions be recognized in financial statements. That cost will be measured
based on the fair value of the equity or liability instruments issued. SFAS
123(R) covers a wide range of share-based compensation arrangements including

share options, restricted share plans, performance-based awards, share
appreciation rights, and employee share purchase plans. SFAS 123(R) replaces
SFAS No. 123, "Accounting for Stock-Based Compensation", and supersedes APB
Opinion No. 25, "Accounting for Stock Issued to Employees". SFAS 123, as
originally issued in 1995, established as preferable a fair-value-based method
of accounting for share-based payment transactions with employees. However, that
statement permitted entities the option of continuing to apply the guidance in
Opinion 25, as long as the footnotes to financial statements disclosed what net
income would have been had the preferable fair-value-based method been used.
Public entities (other than those filing as small business issuers) will be
required to apply SFAS 123(R) as of the first interim or annual reporting period
that begins after June 15, 2005. This pronouncement is effective for the
Company, a small business issuer, as of the first interior annual reporting
period that begins after December 15, 2005. The Company has evaluated the impact
of the adoption of SFAS 123(R), and does not believe the impact will be
significant to the Company's overall results of operations or financial
position.

In May, 2005, The FASB issued SFAS No. 154, entitled Accounting Changes and
Error Corrections - a replacement of APB Opinion No. 20 and FASB Statement No.
3. This Statement replaces APB Opinion No. 20, Accounting Changes and FASB
Statement No. 3, Reporting Accounting Changes in Interim Financial Statements,
and changes the requirements for the accounting for and reporting of a change in
accounting principle. This statement applies to all voluntary changes in
accounting principle. It also applies to changes required by an accounting
pronouncement in the unusual instance that the pronouncement does not include
specific transition provisions. Opinion 20 previously required that most
voluntary changes in accounting principle be recognized by including in net
income of the period of the change the cumulative effect of changing to the new
accounting principle. This Statement requires retrospective application to prior
periods' financial statements of changes in accounting principle, unless it is
impracticable to determine either the period-specific effects or the cumulative
effect of the change. This Statement defines as the application of a different
accounting principle to prior accounting periods as if that principle had always
been used or as the adjustment of previously issued financial statements to
reflect a change in the reporting entity. This statement also redefines
restatement as the revising of previously issued financial statements to reflect
the correction of an error. The adoption of SFAS 154 did not impact the
financial statements.

In February, 2006, FASB issued SFAS No. 155, "Accounting for Certain Hybrid
Financial Statements". SFAS No. 155 amends SFAS No. 133, "Accounting for
Derivative Instruments and Hedging Activities" and SFAS No. 140, "Accounting for
Transfers and Servicing of Financial Assets and Extinguishments of Liabilities".
SFAS No. 155, permits fair value measurement for any hybrid financial instrument
that contains an embedded derivative that otherwise would require bifurcation,
clarifies which interest-only strips and principal-only strips are not subject
to the requirements of SFAS No. 133, establishes a requirement to evaluate
interest in securitized financial assets to identify interests that are
freestanding derivatives or that are hybrid financial statements that contain an
embedded derivative requiring bifurcation, clarifies that concentrations of
credit risk in the form of subordination are not embedded derivatives, and
amends SFAS No. 140 to eliminate the prohibition on the qualifying
special-purpose entity from holding a derivative financial instrument that
pertains to a beneficial interest other than another derivative financial
instrument. This statement is effective for all financial instruments acquired
or issued after the beginning of the Company's first fiscal year that begins
after September 15, 2006. Management believes that this statement will not have
a significant impact on the financial statements.

In March, 2006 FASB issued SFAS 156 "Accounting For Servicing of Financial
Assets" this Statement amends FASB Statement No. 140, "Accounting for Transfers
and Servicing of Financial Assets and Extinguishment of Liabilities", with
respect to the accounting for separately recognized servicing assets and
servicing liabilities. This Statement:

1. Requires an entity to recognize a servicing asset or servicing
liability each time it undertakes an obligation to service a financial
asset by entering into a servicing contract.

2. Requires all separately recognized servicing assets and servicing
liabilities to be initially measured at fair value, if practicable.

3. Permits an entity to choose "Amortization method" or "Fair value
measurement method" for each class of separately recognized servicing
assets and servicing liabilities.

4. At its initial adoption, permits a one-time reclassification of
available-for-sale securities to trading securities by entities with
recognized servicing rights, without calling into question the
treatment of other available-for-sale securities under Statement 115,
provided that the available-for-sale securities are identified in some
manner as offsetting the entity's exposure to changes in fair value of
servicing assets or servicing liabilities that a servicer elects to
subsequently measure at fair value.

5. Requires separate presentation of servicing assets and liabilities
subsequently measured at fair value in the statement of financial
position and additional disclosures for all separately recognized
servicing assets and servicing liabilities.

Management believes that this statement will not have a significant impact on
the financial statements.

Note 4 - Note Payable-Related Party

The Company has received $6,170 loans from an officer and director payable in
five years without interest to cover its organizational costs.

Note 5 - Income Taxes

The Company has a net operating loss carry forward of approximately $21,267
which will expire in 2017. The federal income tax benefit of this net operating
loss is $6,593, and has been offset with a valuation allowance of $6,593 due to
the uncertainty that the net operating loss will be used. The valuation
allowance increased by $6,953 for the period August 21, 2002 (date of inception)
through June 30, 2008.

Note 6 - Common Stock

On the third quarter of 2002, the Company issued 1,500,000 shares of common
stock as founder shares that resulted in gross proceeds of $15,000.

Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations

This section of this prospectus includes a number of forward-looking statements
that reflect our current views with respect to future events and financial
performance. Forward-looking statements are often identified by words like:
believe, expect, estimate, anticipate, intend, project and similar expressions,
or words which, by their nature, refer to future events. You should not place
undue certainty on these forward-looking statements, which apply only as of the
date of this prospectus. These forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to differ materially
from historical results or our predictions.

We are a developmental stage company that has only recently begun our business
operations. We have not generated any revenues from our intended business
activities, and we do not expect to generate revenues until 2009.

We received our initial funding of $15,000 through the sale of 1,500,000 shares
of our common during the third quarter of 2002.

We intend to become a full reporting company listed on the OTC Bulletin Board.
Once we have achieved this status we will focus upon equity financing to raise
necessary working capital. There is no assurance that additional financing will
be available or if available, on terms that will be acceptable to the company.

We have incurred losses since inception resulting in a net accumulated deficit
of $21,267.

Ms. Hasmik Yaghobyan, a Director, CAO, CFO, Treasurer, and Secretary, has loaned
$6,170 in the third quarter of 2008 to cover Company's legal and professional
costs. This loan is without interest and will be due in five years. Ms.
Yaghobyan will continue to loan for the necessary organizational costs until the
Company raises its needed capital through the public placement.

Milestones

The following are our milestones for the next twelve months:

1. Be listed for trading on the Bulletin Board operated by the Financial
Industry Regulatory Authority: 60 days from the date this registration
statement is declared effective by the SEC.

2. Internet Presence, Completion of the Web Site, Advertising and Product
Promotion - Maximum cost of $15,000. Time involved: 180 days after our
shares of common stock are listed for trading on the Bulletin Board.

3. Administration establishment - Maximum cost of $20,000. Time involved:
Initially 90 days after we are listed for trading on the Bulletin
Board

4. Recruitment and staffing - Maximum cost of $40,000. Time involved:
Initially 60 days after we are listed for trading on the Bulletin
Board.

Currently, we do not have the funds necessary to complete our milestones or
operated for the next twelve months. We intend to obtain the necessary funds by
the sale of equity securities.

Operating History; Need for Additional Capital

There is limited historical financial information about us upon which to base an
evaluation of our performance. We are a start-up corporation and have not
generated any revenues from activities. We cannot guarantee we will be
successful in our business activities. Our business is subject to risks inherent
in the establishment of a new business enterprise, including limited capital
resources, possible delays in the exploration of our properties, and possible
cost overruns due to price and cost increases in services.

To begin operation and become profitable, we will be seeking equity financing to
provide for the capital required to implement our operations.

We have no assurance that future financing will be available to us on acceptable
terms. If financing is not available on satisfactory terms, we may be unable to
commence our activities. Equity financing could result in additional dilution to
existing stockholders.

Results of Activities

We have not generated any revenues to date. Our accumulated deficit since
inception is $21,267.

Off Balance Sheet Arrangements

We do not have any off balance sheet arrangements.

REPORTS TO SECURITY HOLDERS

We intend to furnish to our stockholders annual reports containing audited
financial statements and reported upon by our independent accounting firm, and
such other periodic reports as we may determine to be appropriate or as may be
required by statute.

As a result of the filing of a registration statement with the Securities and
Exchange Commission, we will become subject to the informational requirements of
the Securities Exchange Act of 1934 for a period of at least one fiscal year.

It is a requirement of The National Association of Securities Dealers, Inc. that
all issuers maintaining quotations of their securities on the OTC Bulletin Board
file periodic reports under the 1934 Act. In order to maintain such a quotation,
we must, necessarily, continue to file periodic reports with the Securities and
Exchange Commission beyond the initial period of one year although we may not be
required to do so for the following reasons:

o We have less than 300 stockholders of record; or

o We have less than 500, but more than 300, stockholders of record, and
our total assets did not exceed $10 million on the last day of each of
our three most recent fiscal years.

You may write us at 2241 Flintridge Drive, Glendale, California 91206 with any
questions you may have, or contact us by telephone at (818) 424-0219.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company is subject to certain market risks, including changes in interest
rates and currency exchange rates. The Company does not undertake any specific
actions to limit those exposures.

Item 4T. Controls and Procedures

Our management is responsible for establishing and maintaining disclosure
controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the
Securities Exchange Act of 1934 as amended (the "Exchange Act")), designed to
ensure that information required to be disclosed by us in the reports that we
file or submit under the Exchange Act is recorded, processed, summarized and
reported, within the time periods specified in the Securities and Exchange
Commission's rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed by an issuer in the reports that it files or submits
under the Exchange Act is accumulated and communicated to the issuer's
management, including its principal executive officer or officers and principal
financial officer or officers, or persons performing similar functions, as
appropriate to allow timely decisions regarding required disclosure.

The Company has evaluated the effectiveness of the design and operation of
its disclosure controls and procedures as of June 30, 2008 (the "Evaluation
Date"). Such evaluation was conducted under the supervision and with the
participation of the Company's principal executive officer who also is our
principal financial officer. Based upon such evaluation, the Company's principal
executive officer has concluded that, as of the Evaluation Date, the Company's
disclosure controls and procedures were effective. There have been no changes in
the Company's internal controls over financial reporting that occurred during
the Company's most recent fiscal quarter, that have materially affected, or are
reasonably likely to materially affect, the Company's internal controls over
financial reporting.

Management's Report on Internal Controls over Financial Reporting
- -----------------------------------------------------------------

Internal control over financial reporting is a process to provide reasonable
assurance regarding the reliability of consolidated financial reporting and the
preparation of financial statements for external purposes in accordance with
U.S. generally accepted accounting principles. There has been no change in the
Company's internal control over financial reporting during the quarter ended
August 4, 2008 that has materially affected, or is reasonably likely to
materially affect, the Company's internal control over financial reporting.

The Company's management, including the Company's CEO and CAO, does not expect
that the Company's disclosure controls and procedures or the Company's internal
controls will prevent all errors and all fraud. A control system, no matter how
well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are met. Further, the design
of a control system must reflect the fact that there are resource constraints,
and the benefits of controls must be considered relative to their costs. Because
of the inherent limitations in all control systems, no evaluation of the
controls can provide absolute assurance that all control issues and instances of
fraud, if any, within the Company have been detected.

This quarterly report does not include an attestation report of the Company's
registered public accounting firm regarding internal control over financial
reporting. Management's report was not subject to attestation by the Company's
registered public accounting firm pursuant to temporary rules of the Securities
and Exchange Commission that permit the Company to provide only management's
report in this quarterly report.

PART II- OTHER INFORMATION

Item 1. Legal Proceedings

There are no known legal proceedings pending or threatened against us.

LEGAL MATTERS

The validity of the shares of Common Stock offered hereby will be passed upon
for us by Jillian Ivey Soditi, Esq. of Temecula, California.

Item 1A. Risk factors

Not Applicable.

Item 2. Unregistered sales of Equity securities and Use of Proceeds

There have been no sales of the Company's securities during the past five years.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to Vote of Security Holders

None

Item 5. Other Information

None.

Item 6. Exhibits

10.2 Promissory Note

31.1 Certifications of Chief Executive Officer pursuant to Section 302 of
Sarbanes Oxley Act of 2002 31.2 Certifications of Chief Accounting Officer
pursuant to Section 302 of Sarbanes Oxley Act of 2002

32.1 Certifications Chief Executive Officer pursuant to Section 906 of Sarbanes
Oxley Act of 2002

32.2 Certifications Chief Accounting Officer pursuant to Section 906 of Sarbanes
Oxley Act of 2002

Exhibit 10.2

PROMISSORY NOTE

IN THE AMOUNT OF $ 6,170

June 18, 2008

Glendale, California

For value received, Ventura Assets Limited, California, does hereby promise to
pay to the order of Hasmik Yaghobyan at Los Angeles County, CA, five years after
the above date, the sum of $6,170 without interest or prepayment penalty.

Maker: Osheen Haghnazarian
---------------------------------
/s/ Osheen Haghnazarian
---------------------------------
Osheen Haghnazarian, Director, President, & CEO

Maker: Hasmik Yaghobyan
---------------------------------
/s/ Hasmik Yaghobyan
---------------------------------
Hasmik Yaghobyan, Director, CAO,
CFO, Treasurer, & Secretary

SIGNATURES

In accordance with the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-1 and authorized this registration
statement to be signed on its behalf by the undersigned, in Los Angeles,
California on August 11, 2008.

VENTURA ASSETS LIMITED

By: /s/Osheen Haghnazarian
----------------------
Osheen Haghnazarian
Director, President & Chief Executive Officer

Dated August 19, 2008

By: /s/ Hasmik Yaghobyan
--------------------
Hasmik Yaghobyan
Director, Chief Financial Officer, Chief
Accounting Officer, Treasurer, and Secretary

Dated August 19, 2008