UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
for the quarterly period ended July 31, 2003
Commission File Number
0-49884
RESIDENTIAL RESALES, INC..
(Name of Small Business Issuer in its charter)
FLORIDA 75-3026967
(State or other jurisdiction of (I.R.S. Employer
Incorporation or organization) Identification No.)
270 NW 3rd Court 33432-3720
Boca Raton, Florida (Zip Code)
(Address of principal executive offices)
Issuer's Telephone: (561) 368-1427
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APPLICABLE ONLY TO CORPORATE ISSUERS
As of July 31, 2003, there are 3,000,000 shares
of common stock outstanding. The issuer has no
other classes of stock authorized.
Transitional Small Business Format: No
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PART I FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Unaudited financial statements for Residential Resales, as of the
fiscal quarter ended July 31, 2003 are submitted in compliance with Item 310(b)
of Regulation S-B.
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ITEM 2. PLAN OF OPERATION
Residential Resales, Inc. has been unable to obtain the funding
necessary to implement active operation. As a consequence, the Company is
inactive at this time and will remain inactive until funding is received or an
alternate business course of action is pursued.
The Company has no present need for funds to continue on as an inactive
corporation. The Company has no debts and no requirement for operating funds at
this time.
ITEM 3. CONTROLS AND PROCEDURES
Jay Sanet is the President and is the sole director. He is the only
executive officer and all reports filed with the Securities and Exchange
Commission are signed by him alone. Consequently, it is the conclusion of the
sole executive officer that reports filed or submitted under the Act (as
specified in Regulation Section 240.13a-14(c) ) are his responsibility alone and
that no other disclosure controls and procedures are applicable.
There is no change in this Company's internal control over financial
reporting as specified in Regulation ss.228.308(c).
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PART II - OTHER INFORMATION
ITEMS 1- 5 - NOT REQUIRED
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits 3(i) and (ii) are incorporated into this filing by
reference to Exhibits 2(i) and 2 (iii) as filed in Part III of Form 10SB as
filed with the Securities and Exchange Commission.
(b) Reports on Form 8-K
None
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report be signed on its behalf by the undersigned, thereunto duly
authorized.
RESIDENTIAL RESALES, INC.
Date: September 10, 2003 By: /s/ Jay Sanet
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Jay Sanet
President
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CERTIFICATION
I, JAY SANET, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Residential
Resales, Inc.
2. Based on my knowledge, the quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period
covered by this quarterly report.
3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and
cash flows of the registrant as of, and for, the periods presented in
this quarterly report.
4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
have:
(a) designed such disclosure controls and procedures to ensure
that material information relating to the registrant,
including its consolidated subsidiaries, is made known to us
by others within those entities, particularly during the
period in which this quarterly report is being prepared:
(b) evaluated the effectiveness of the registrant's disclosure
controls and procedures as of a date within 90 days prior to
the filing date of this quarterly report (the "Evaluation
Date"); and
(c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based
on our evaluation as of the Evaluation Date;
5. The registrant's other certifying officers and I have disclosed, based
on our most recent evaluation, to the registrant's auditors and audit
committee of the registrant's board of directors (or persons performing
the equivalent functions.
(a) all significant deficiencies in the design or operation of
internal controls which could adversely affect the
registrant's ability to record, process, summarize and report
financial data and have identified for the registrant's
auditors any material weaknesses in internal controls; and
(b)......any fraud, whether or not material, that involves
management or other employees who have a significant role in
the registrant's internal controls; and
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6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in
internal controls or in other factors that could significantly affect
internal controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant
deficiencies and material weaknesses.
Date: September 10, 2003
/s/ Jay Sanet
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Jay Sanet
President and Sole Certifying Officer
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