UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

X . ~~QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITES EXCHANGE ACT OF 1934~~

~~For~~QUARTERLY ~~the~~REPORT ~~quarter~~PURSUANT ~~period~~TO ~~ended~~SECTION ~~April~~13 ~~30,~~OR ~~2015~~15(d) OF THE SECURITES EXCHANGE ACT OF 1934

. For ~~TRANSITION~~the ~~REPORT~~quarter ~~PURSUANT~~ended TOSeptember ~~SECTION~~30, ~~13 OR 15 (d) OF THE EXCHANGE ACT OF 1934~~2015

~~For the transition period form to~~ Commission File number 333-172825

MONARCHY VENTURES, INC.

(Exact name of registrant as specified in its charter)


Nevada	46-0525633
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

~~Calle~~3651 ~~urique~~Lindell ~~número 5~~Road, ~~Colonia~~Suite ~~Fuentes~~D612 deLas ~~Bellavista~~Vegas, ~~c.p.~~NV ~~33880~~89103 ~~Hidalgo del Parral, Chihuahua, Mexico~~ (Address of principal executive offices)

702-~~722~~318-~~1003~~7545 (Registrant’s telephone number)

~~N/A~~Calle ~~(Former~~urique ~~name~~número 5, ~~former~~Colonia ~~address~~Fuentes ~~and~~de ~~former~~Bellavista, ~~fiscal~~c.p. ~~year~~33880 Hidalgo del Parral, Chihuahua, Mexico (Former address, if changed since last report)

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company. See definition of “large accelerated filer”, “accelerated filer” and “small reporting company” Rule 12b-2 of the Exchange Act.


Large accelerated filer .		Accelerated filer .
Non-accelerated filer . (Do not check if a small reporting company)		Small reporting company X .

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PROCEDING FIVE YEARS

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 after the distribution of securities subsequent to the distribution of securities under a plan confirmed by a court. Yes . No . N/A X .

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of ~~June18~~November 25, 2015: 56 66,937,187

		Page Number
PART 1.	FINANCIAL INFORMATION
ITEM 1.	Financial Statements	3
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8
ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk.	109
ITEM 4.	Controls and Procedures.	109
PART 11.	OTHER INFORMATION
ITEM 1.	Legal Proceedings	10
ITEM 1A.	Risk Factors	10
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	10
ITEM 3.	Defaults Upon Senior Securities.	10
ITEM 4.	Mine Safety Disclosures.	10
ITEM 5.	Other Information	11
ITEM 6.	Exhibits	11

PART 1 – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

MONARCHY VENTURES, INC.

CONSOLIDATED BALANCE SHEETS

	April 30, 2015		October 31, 2014
		September 30, 2015		June 30, 2015
	~~(Unaudited)~~	(Unaudited)
ASSETS
Current Assets
Cash	$	17,934	$	22,173
Cash or cash equivalents	$	18,665	$	20,043
Inventory		64,~~189~~688		65,~~652~~033
Prepaid expense		3,637		5,297
Total current assets		23,353		25,076
Total current assets		15,036		34,122
Non-current Assets
Property and equipment		185,500		211,597
Deposits		3,087		3,315
TOTAL ASSETS	$	213,260	$	245,719
Property and equipment, net		153,904		176,184
Total non-current assets		156,991		179,499
TOTAL ASSETS	$	180,344	$	204,575
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities
Bank indebtedness	$	1210,~~724~~748	$	2116,~~239~~629
Accounts payable and accrued liabilities		280,234		253,641
Accounts payable		166,663		160,745
Convertible notes payable		297,498		347,775
Accrued liabilities		1,848		1,985
Current portion of deferred lease incentive		1,555		1,671
Convertible notes payable		382,117		388,892
Due to related parties		~~494~~462,~~539~~724		~~515~~493,~~669~~283
Total current liabilities		1,086,550		1,139,995
Current portion of deferred lease incentive		1,407		1,510
Total current liabilities		1,025,507		1,063,044
Long Term Liabilities
Deferred lease incentive		98,~~587~~088		119,~~139~~062
TOTAL LIABILITIES		1,~~096~~033,~~137~~595		1,~~151~~072,~~134~~106
STOCKHOLDERS’ DEFICIENCY
Common stock
300,000,000 shares authorized, at $0.001 par value;
300,000,000 shares authorized, at $0.001 par value; 66,937,845 shares issued and outstanding at September 30, 2015 (56,937,845 at June 30, 2015)		66,938		56,937
56,937,187 shares issued and outstanding as at April 30, 2015 (30,437,187as at October 31, 2014)		56,937		30,437
Additional paid-in capital		70,191		67,018
Additional paid-in capital		62,223		-
Accumulated other comprehensive income		75,941		54,982
Accumulated other comprehensive income		46,153		24,451
Accumulated deficit		(1,066,321)		(1,046,468)
Accumulated deficit		(1,048,190)		(960,303)
Total stockholders’ deficiency		(853,251)		(867,531)
Total stockholders’ deficiency		(882,877)		(905,415)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY	$	180,344	$	204,575
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY	$	213,260	$	245,719

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

MONARCHY VENTURES, INC.

~~INTERIM~~ CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

		Three Months Ended April 30,				Six Months Ended April 30,
		For the three months ended
		2015		2014		2015		2014
		September 30, 2015		September 30, 2014
REVENUE	$	98,623	$	83,060
Net sales	$	99,095	$	89,316	$	193,717	$	178,156
COST OF GOODS SOLD		(65,887)		(58,376)
Cost of goods sold		(64,499)		(64,301)		(125,260)		(123,696)
GROSS MARGIN		32,736		24,684
Gross Profit		34,596		25,015		68,457		54,460
EXPENSES
EXPENSES
Depreciation		10,411		14,264
Depreciation		7,041		10,003		13,441		20,342
General and administrative		23,432		14,607
General and administrative		11,817		11,981		27,180		22,966
Management wages		6,878		8,266
Interest on debt		22,929		-		26,834		-
Professional fees		3,225		2,273
Management wages		7,206		8,144		14,927		17,942
Rent		8,643		16,186
Market certification fees		10,000		-		10,000		-
TOTAL OPERATING EXPENSES		52,589		55,596
Professional fees		44,365		-		45,399		4,496
NET LOSS FROM OPERATIONS		(19,853)		(30,912)
Rent		9,087		15,947		18,763		30,426
OTHER COMPREHENSIVE INCOME
TOTAL OPERATING EXPENSES		112,445		46,076		156,344		96,172
Foreign exchange translation gain		20,959		13,769
NET LOSS		(77,849)		(21,061)		(87,887)		(41,712)
COMPREHENSIVE INCOME (LOSS)	$	1,106	$	(17,143)
OTHER COMPREHENSIVE INCOME (LOSS)
NET LOSS PER COMMON SHARE
Foreign exchange translation gain (loss)		(13,161)		-		21,702		-
Basic and diluted	$	0.000	$	(0.001)
COMPREHENSIVE LOSS	$	(91,010)	$	(21,061)	$	(66,185)	$	(41,712)
WEIGHTED AVERAGE OUTSTANDING SHARES – Basic and diluted		58,568,280		30,437,843
NET LOSS PER COMMON SHARE
Basic and diluted	$	(0.00)	$	(0.10)	$	(0.00)	$	(0.22)
WEIGHTED AVERAGE OUTSTANDING SHARES		52,723,704		220,467		49,948,237		192,106

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

MONARCHY VENTURES, INC.

~~INTERIM~~ CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

		Six Months Ended
		Three months ended
		April 30, 2015		April 30, 2014
		September 30, 2015		September 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(8719,~~887~~853)	$	(4130,~~712~~912)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		1310,~~441~~411		2014,~~342~~264
Amortization of deferred lease incentive		(780)		(867)
Non-cash interest expense		3,225		-
Non-cash interest expense		19,223		-
Amortization of deferred lease incentive		(360)		-
Changes in operating assets and liabilities:
Prepaid expense		1,660		-
Accounts payable and accrued expenses		8,201		5,261
Accounts payable and accrued expenses		23,237		5,596
Net cash provided by (used in) operating activities		1,624		(11,387)
Inventory		463		-
Net cash used in operating activities		(30,643)		(16,642)
CASH FLOWS FROM INVESTING ACTIVITIES
Property and equipment		~~(2,008)~~-		(91,~~373~~287)
Net cash used in investing activities		(2,008)		(9,373)
Net cash provided by (used in) investing activities		-		(1,287)
CASH FLOWS FROM FINANCING ACTIVITIES
Bank indebtedness		(7,072)		-
Bank borrowings (repayments)		(4,849)		(1,104)
Advances for convertible debt		193,~~223~~225		-
Advances from related parties		~~11,972~~-		2613,~~070~~777
Net cash provided by financing activities		24,123		26,070
Net cash provided by (used in) financing activities		(1,624)		12,673
Effect of foreign exchange		4(1,~~289~~378)		(~~292~~1,112)
Net decrease in cash		(41,~~239~~378)		(~~237~~1,113)
CASH, BEGINNING OF PERIOD		2220,~~173~~043		623,~~058~~418
CASH, END OF PERIOD	$	1718,~~934~~665	$	522,~~821~~305

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

MONARCHY VENTURES, INC.

NOTES TO ~~INTERIM~~ CONSOLIDATED FINANCIAL STATEMENTS

~~April~~September 30, 2015

(Unaudited)

1. ORGANIZATION AND BASIS OF PRESENTATION

The Company, Monarchy Ventures, Inc. (formerly Monarchy Resources, Inc.), was incorporated under the laws of the State of Nevada on June 16, 2010.

On October 20, 2014 the Company completed the acquisition of The Spud Shack Fry Company Ltd. (“Spud Shack”), a restaurant located in British Columbia, Canada.

~~The~~These consolidated financial statements ~~have~~are ~~been~~presented ~~prepared~~on ~~in accordance with accounting principles generally accepted in~~ the ~~United~~basis ~~States~~that ~~for interim financial information and with~~ the ~~instructions~~Company towill ~~Form~~continue ~~10-Q and Article 8 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. Except~~ as ~~disclosed~~a ~~herein,~~going ~~there has been no material change in the information disclosed in the notes to the financial statements included in the Annual Report on Form 10-K of the Company for the year ended October 31, 2014~~concern. InThe ~~the~~going ~~opinion~~concern ofconcept ~~management,~~contemplates ~~all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for~~ the ~~six~~realization ~~months ended April 30, 2015 are not necessarily indicative~~ of ~~the~~assets ~~results that may be expected for the year ending October 31, 2015. For further information, these unaudited financial statements~~ and ~~the~~satisfaction ~~related~~of ~~notes~~liabilities ~~should be read~~ in ~~conjunction with~~ the ~~Company’s~~normal ~~audited~~course ~~financial~~of ~~statements for the year ended October 31, 2014, included in the Company’s report on Form 10-K~~business.

At September 30, 2015, the Company has a working capital deficit, stockholders’ deficit and operating losses for past two years. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern.

While the Company is attempting to generate sufficient revenues, the Company’s cash position may not be enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenues.

These consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. Except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial statements included in the Transition Report on Form 10-K of the Company for the 8 months ended June 30, 2015. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Included in the statements is convertible debt of $161,599 and interest of $10,204 which the lender is demanding repayment but the Company is disputing. Operating results for the three months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending June 30, 2016. For further information, these unaudited financial statements and the related notes should be read in conjunction with the Company’s audited financial statements for the 8 months ended June 30, 2015 included in the Company’s transition report on Form 10-KT.

2. RELATED PARTIES

As of ~~April~~September 30, 2015, amounts of $~~494~~462,~~539~~724 were owing to related parties (~~October~~June 3130, ~~2014~~2015: $~~515~~493,~~669~~283). These amounts are unsecured, and have no fixed interest or repayment terms.

During the ~~six~~three months ended ~~April~~September 30, 2015 and ~~April 30,~~ 2014, $146,~~927~~878 and $178,~~942~~266, respectively, was incurred as remuneration to a shareholder of the ~~company~~Company who serves as the manager of the restaurant operation.

3. PROPERTY AND EQUIPMENT

April 30, 2015	Cost	Accumulated Depreciation	Net Book Value
September 30, 2015	Cost	Accumulated Depreciation	Net Book Value September 30, 2015
Computer equipment	$ 5,~~816~~262	$ (4,~~633)~~456	$ ~~1,183~~806
Furniture and fixtures	9889,~~395~~320	(41,~~345)~~806	5747,~~050~~514
Leasehold improvements	~~163~~148,~~774~~175	~~(36~~42,~~507)~~591	~~127~~105,~~267~~584
	$ 267,985	$ (82,485)	$ 185,500
	$ 242,757	$ 88,853	$ 153,904

October 31, 2014	Cost	Accumulated Depreciation	Net Book Value
June 30, 2015	Cost	Accumulated Depreciation	Net Book Value June 30, 2015
Computer equipment	$ 65,~~250~~650	$ (4,~~497)~~646	$ 1,~~753~~004
Furniture and fixtures	~~103~~95,~~605~~912	~~(37~~42,~~744)~~206	6553,~~861~~706
Leasehold improvements	~~176~~159,~~020~~110	~~(32~~37,~~037)~~636	~~143~~121,~~983~~474
	$ 285,875	$ (74,278)	$ 211,597
	$ 260,672	$ 84,488	$ 176,184

4. LEASE INCENTIVE

In February 2013, the Company received CAD $18,840 from the landlord for tenant improvement reimbursements which has been recorded as a lease incentive. It has been amortized on a straight line basis over the lease term of 10 years. Each year’s portion of the lease incentive has been offset against the rent expense.

5. COMMITMENT

The Company is committed until May 31, 2022 for payments totaling CAD$219,486 for premises under lease. The minimum lease payments over the next five years are as follows:

2015	CAD$ 23,550
2016	CAD$ 23,550
2016	47,100
2017	47,100
2018	5047,~~868~~100
2019	50,868
2020	50,868
	CAD$ 219,486

6. ~~CONVERTIBLE~~CAPITAL ~~PROMISSORY NOTES~~STOCK

~~The~~In ~~Company~~September ~~has~~2015, the Company issued ~~convertible~~10,000,000 ~~promissory~~shares ~~notes~~in assatisfaction ~~follows.~~of $10,000 in debt.

Date of Promissory Note	Principal	Term of Promissory Note	Interest Rate of Promissory Note	Conversion Rate	Balance Remaining on Note
August 1, 2013	$ 75,000	Due on demand	5%	$ 0.01	$ 75,000
April 27, 2014	124,500	Due on demand	5%	0.001	60,000
May 1, 2014	45,705	Due on demand	5%	0.001	45,705
May 1, 2014	32,570	Due on demand	5%	0.001	32,570
June 1, 2014	40,000	Due on demand	5%	0.001	35,000
July 23, 2014	30,000	Due on demand	5%	0.001	30,000
January 2, 2015	19,223	Due on demand	5%	0.001	19,223
	$ 366,998				$ 297,498

7. CONVERTIBLE PROMISSORY NOTES

~~During~~As ~~the~~at ~~period~~September ~~ended April~~ 30, 2015, the Company ~~issued~~has a$382,117 (June 30, 2015 - $388,892) in convertible promissory ~~note~~notes ~~for~~that upare todue ~~$25~~on demand,~~000,~~ ofbear ~~which~~interest at 5% and are unsecured. $1975,~~223~~000 of ~~the~~these ~~proceeds~~promissory ~~have~~notes ~~been~~are ~~received. The~~convertible ~~Company~~at ~~determined~~$0.01, ~~that~~while the ~~note~~remaining ~~had~~$307,117 aare ~~beneficial~~convertible ~~conversion~~at ~~feature,~~$0.001. ~~therefore,~~If the ~~Company~~balance ~~recorded~~outstanding ~~the~~were ~~conversion~~converted ~~benefit~~into ofcommon ~~$19~~shares,~~223~~ tothe ~~interest~~amount ~~expense~~of asshares ofto ~~April~~be 30issued would be 314,617,000 ~~2015~~common shares.

~~The~~During ~~amount~~the period ended September 30, 2015, $3,225 of ~~accrued~~convertible ~~interest~~notes ~~payable~~were onissued which had beneficial conversion features with intrinsic values in excess of the ~~unconverted~~principal balance. ofAs ~~these~~a ~~notes~~result, ~~was~~the Company recorded debt discounts of $203,~~727~~225. In addition, as ofthese ~~April~~promissory ~~30,~~notes ~~2015~~are ~~(October~~payable 31on demand, ~~2014:~~the ~~$13,316)~~debt ~~and~~discounts iswere ~~included~~fully inamortized ~~accounts~~to ~~payable~~interest ~~and~~expense ~~accrued~~during ~~liabilities~~the period.

IfDuring the ~~balance~~period ~~outstanding~~ended ~~was~~September ~~converted~~30, ~~into~~2015, ~~common shares~~$10,000 ~~the amount~~ of ~~shares~~debt towas beconverted ~~issued~~into ~~would be 304~~$10,~~998~~000,000 common shares.

8. SUBSEQUENT EVENTS

On October 30, 2015, the Company received $5,733 in convertible debt financing.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with the information contained in the consolidated financial statements of Monarchy Ventures, Inc. (“Monarchy” or the “Company”) and the notes which form an integral part of the consolidated financial statements which are attached hereto.

The financial statements mentioned above have been prepared in conformity with accounting principles generally accepted in the United States of America and are stated in United States dollars.

We have a limited operating history and have not yet generated or realized any profits from our activities. We have commenced mining operation in Mexico through our investment in New World Metals SAPI but we have yet to undertake any exploration activity on our Philippine property, La Carlota. Our restaurant operation is likewise relatively new and has ~~net~~yet to generate any profits.

As of ~~April~~September 30, 2015, we had a working capital deficit of $1,~~058~~002,~~790,~~154 anwhich is only slight improvement over the working capital deficit of $1,~~105~~037,~~873~~967 at ~~October~~June 3130, ~~2014~~2015. This improvement resulted primarily ~~from~~a ~~issuing~~reduction ~~shares~~in bank indebtedness, dues to ~~settle~~related parties, and accounts payable as well as fluctuations in the USD/CAD exchange rate. We also settled a portion of the ~~outstanding~~convertible debt by converting the debt to shares.

For the 63 months ending ~~April~~September 30, 2015 we had a net loss from operations of $~~(87~~19,~~887)~~853 compared to a net loss ~~from operations~~ of $~~(41~~30,~~712)~~912 from operations for the ~~same~~3 ~~period~~months inending September 30, 2014. InThis ~~spite~~improvement ofresulted afrom ~~25%~~increased ~~increase~~sales ~~in total revenue~~ and aan ~~decrease~~overall reduction in ~~most~~operating ~~expense~~expenses. ~~categorizes,~~Our wecomprehensive ~~incurred~~income ~~additional~~for ~~professional~~the ~~fees~~3 ~~and~~months ~~market~~ending ~~certification~~September ~~fees~~30, ~~resulting~~2015 ~~from~~was ~~our transition to~~ a ~~public~~net ~~company~~profit ~~which~~of ~~contributed to these additional losses. Foreign exchange translation gains contributed~~ $211,~~702~~106 toas ~~our~~a ~~comprehensive~~result ~~income~~of ~~for~~foreign ~~the~~exchange 6translation ~~months ending April 30, 2015~~gains.

Foreign Currency and Exchange Rates

Our Company ~~conducts~~has ~~activities~~assets in Mexico and ~~the~~ Canada and, when applicable, will pay ~~its~~ expenses in the local currency. Any currency fluctuation in an adverse way will increase our costs and affect our ability to generate profits from our activities.

Requirements for Cash over the next twelve months

~~Management~~Despite ~~has~~the ~~estimated~~commitment ~~that~~of ~~the~~our ~~need~~director ~~for~~to advance us funds over the next twelve months, isour asfuture ~~follows:~~financial success will be dependent on our ability to obtain third party debt or equity financing and ultimately on the ability of the restaurant in Canada to generate profits. As of the date of this Form 10-Q, we have not generated sufficient revenues, and have experienced negative cash flow from operations. We may not be able to secure other sources of financing or any available sources may not be on favourable terms.

Expense	Ref.		Estimated Amount
Accounting and audit		(i)	$	20,000
Edgarizing and XBRL filings		(ii)		5,000
Development costs – New World Metals		(iii)		250,000
Accounts payable and accrued expenses		(iv)		280,234
				555,234
Less: cash on hand as at April 30, 2015				5,210
Estimate of additional cash requirements over the next twelve months			$	550,024

(i) Accounting and audit

Relates to fees in connection with the preparation of quarterly and annual financial statements and recent filings on Forms 10-K and 10-Q

(ii) Edgarizing

With the requirement to do an XBRL filing both annually and quarterly the edgarizing cost are projected to increase over previous years.

(iii) Development Costs - Mexico

Subject to raising additional third party financing, we intend to invest $250,000 into our mining projects over the next twelve months.

(iv) Accounts payable – these funds are required to keep our trade payables and other current liabilities current

Despite the commitment of our director to advance us funds over the next twelve months, our future financial success will be dependent on our ability to obtain third party financing in the form of debt and equity and ultimately on the ability of the restaurant in Canada and the mines in Mexico to generate profits. As of the date of this Form 10-Q, we have not generated sufficient revenues, and have experienced negative cash flow from operations. We may look to secure additional funds through future debt and equity financings. These sources of financing may not be available or may not be available on reasonable terms.

Critical Accounting Policies and Estimates

In presenting our financial statements in conformity with U.S. generally accepting accounting principals, or GAAP, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures.

Some of the estimates and assumptions we are required to make relate to matters that are inherently uncertain as they pertain to future events. We base these estimates and assumptions on historical experience or on various other factors that we believe to be reasonable and appropriate under the circumstances. On an ongoing basis, we reconsider and evaluate our estimates and assumptions. Actual results may differ significantly from these estimates.

We believe that the critical accounting policies listed below involve our more significant judgments, assumptions and estimates and, therefore, could have the greatest potential impact on our financial statements. In addition, we believe that a discussion of these policies is necessary to understand and evaluate the consolidated financial statements contained in this ~~prospectus~~quarterly report on Form 10-Q.

Estimates and Assumptions

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

Mineral claim acquisition and exploration costs

The cost of acquiring mineral properties or claims is initially capitalized and then tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred.

Income Taxes

The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

Recent Accounting Pronouncements

The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

~~Disclosure~~Evaluation ~~Controls~~of disclosure controls and ~~Procedures~~procedures

~~Under~~Our ~~the~~principal ~~supervision~~executive ~~and~~officer, ~~with~~who ~~the~~is ~~participation~~also of our ~~management~~principal financial officer, ~~including~~has evaluated the ~~Principal~~Company’s ~~Executive~~disclosure ~~Officer~~controls and ~~Principal~~procedures ~~Accounting~~as ~~Officer~~of September 30, 2015. Based on this evaluation, we have ~~evaluated~~concluded ~~the~~that ~~effectiveness~~because of the material weakness in our internal control over financial reporting discussed below, the disclosure controls and procedures aswere not effective to ensure that the information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act ~~Rule~~of ~~13a-15(b)~~1934 asare ofrecorded, ~~April~~processed, 30summarized and reported, ~~2015~~within (the ~~“Evaluation~~time ~~Date”).~~periods ~~Based~~specified onin the Commission’s rules and forms and to ensure that ~~evaluation,~~information ~~the~~required ~~Principal~~to ~~Executive~~be ~~Officer~~disclosed ~~and~~by ~~Principal~~the ~~Accounting~~Company ~~Officer~~in ~~have~~the ~~concluded~~reports that ~~these~~it ~~disclosure~~files ~~controls~~or ~~and~~submits ~~procedures~~under ~~were~~the ~~not~~Securities ~~effective~~Exchange asAct of ~~the~~1934 ~~Evaluation~~are ~~Date~~accumulated asand acommunicated ~~result~~to ofCompany’s ~~the~~management ~~material~~as ~~weaknesses~~appropriate into ~~internal~~allow ~~control~~timely ~~over~~decisions ~~financial~~regarding ~~reporting~~required disclosure.

~~Disclosure~~Notwithstanding ~~controls~~the ~~and~~material ~~procedures~~weakness ~~are~~discussed ~~those~~below, ~~controls~~our ~~and~~management ~~procedures~~has ~~that~~concluded ~~are designed to ensure~~ that ~~information~~the ~~required~~consolidated tofinancial bestatements ~~disclosed~~included in ~~our~~this ~~reports~~Form ~~filed~~10-Q orpresent ~~submitted under the Exchange Act are recorded~~fairly, ~~processed, summarized and reported within the time periods specified~~ in ~~the~~all ~~SEC's~~material ~~rules~~respects, ~~and~~our ~~forms.~~financial ~~Disclosure controls and procedures include~~position, ~~without~~results ~~limitation,~~of ~~controls~~operations and ~~procedures~~cash ~~designed~~flows tofor ~~ensure~~the ~~that~~periods ~~information~~presented ~~required~~in toconformity bewith ~~disclosed~~accounting inprinciples ~~our~~generally ~~reports~~accepted ~~filed~~in ~~under~~ the ~~Exchange~~United ~~Act is accumulated and communicated to management, including our Principal Executive Officer and Principal Accounting Officer, to allow timely decisions regarding required disclosure~~States.

~~Notwithstanding~~Management’s ~~the~~annual ~~assessment~~report ~~that~~on ~~our~~ internal control over financial reporting was not effective and that there were material weaknesses, we believe that our financial statements contained in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2015 fairly present our financial condition, results of operations and cash flows in all material respects

~~Changes~~Management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting as defined in ~~Internal~~Exchange ~~Controls~~Act Rules 13a-15(f). The Company’s internal control over financial reporting is a process affected by the Company’s management to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company’s financial statements for external purposes in accordance with U.S. generally accepted accounting principles.

~~There~~In ~~were~~designing noand ~~changes~~evaluating in our internal ~~control~~controls ~~over~~and ~~financial~~procedures, ~~reporting~~our ~~during~~management ~~the~~recognized ~~quarter~~that ~~ended~~internal ~~April~~controls 30and procedures, ~~2015~~no ~~that~~matter ~~have~~how ~~materially~~well ~~affected~~conceived and operated, orcan ~~are~~provide ~~reasonably~~only ~~likely~~a toreasonable, ~~materially~~not ~~affect~~absolute, ~~our~~assurance that the objectives of the internal ~~control~~controls ~~over~~and ~~financial~~procedures ~~reporting~~are met.

The Company’s management assessed the effectiveness of its internal control over financial reporting as of September 30, 2015. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission’s 2013 Internal Control—Integrated Framework. Based on its assessment, management identified deficiencies in both the design and operating effectiveness of the Company’s internal control over financial reporting, which when aggregated, represent a material weakness in internal control. The most significant of these are: (1) lack of segregation of duties; (2) lack of accounting expertise; and (3) lack of timely closing of books; (4) inability to get accounting information and schedules to our auditors in a timely manner.

A material weakness is a deficiency or a combination of deficiencies in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. The material weaknesses identified above result from insufficient qualified personnel in our finance department. This results in an inability to provide effective oversight and review of financial transactions with regard to accumulating and compiling financial data in the preparation of financial statements. The lack of sufficient personnel also results in a lack of segregation of duties and the accounting technical expertise necessary for an effective system of internal control. As soon as our finances allow, we plan on hiring additional finance staff and, where necessary, utilizing competent outside consultants to provide a layer of review and technical expertise that is currently lacking in our internal controls over financial reporting.

As a result of these material weaknesses, management concluded that the Company did not maintain effective control over financial reporting as of September 30, 2015.

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

~~There~~On ~~are~~October no7, ~~legal~~2015, ~~proceedings~~we received a letter from an attorney demanding repayment of $171,803 of principal and accrued interest on funds allegedly advanced to ~~which~~the ~~Monarchy~~company orby ~~its~~his ~~subsidiaries~~client. ~~are~~Although ~~party~~this ~~nor~~historical debt was recorded on our consolidated financial statements and confirmed by our auditors, there are ~~any~~some ~~material~~discrepancies ~~legal~~in ~~proceedings~~the ~~contemplated~~documents provided by the attorney in support of the demand for repayment. We have requested further evidence of the advances so that we can make a determination as to the validity of the debt and what terms and conditions may apply. As of the date of this report, we have not received a response.

ITEM 1A. RISK FACTORS

Not required for a smaller reporting companies.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

~~There~~In ~~has~~September ~~been~~2015, nothe ~~change~~Company inissued ~~our~~10,000,000 ~~securities~~shares ~~since~~in ~~the~~satisfaction ~~quarter~~of ~~ended January 31~~$10,000 ~~2015~~in ~~except as follows:~~debt.

On April 21, 2015, the Company issued 5,000,000 shares in satisfaction of $5,000 in debt.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURE

The Securities and Exchange Commission (SEC) approved amendments to its rules on December 21, 2011 to implement the mine safety disclosure requirements contained in Section 1503 of the Dodd-Frank Act. Section 1503 requires SEC registrants that are operators of coal or other mines to include in their periodic and current reports disclosures regarding certain safety violations, orders and regulatory actions. Based on Item 104 of Regulation S-K the Company is able to report the following for the time period covered by the report:

no violations of mandatory health or safety standards that could significantly and substantially contribute to the cause and effect of a coal or other mine safety or health hazard under Section 104 of the Federal Mine Safety and Health Act of 1977 (Mine Safety Act) for which the operator received a citation from the Mine Safety and Health Administration (MSHA);

no orders issued under Section 104(b) of the Mine Safety Act;

no citations and orders for unwarrantable failure of the mine operator to comply with mandatory health or safety standards under Section 104(d) of the Mine Safety Act;

no flagrant violations under Section 110(b)(2) of the Mine Safety Act;

no imminent danger orders issued under Section 107(a) of the Mine Safety Act; and

no proposed assessments (regardless of whether the assessment is being challenged or appealed) from the MSHA under the Mine Safety Act.

ITEM 5. OTHER INFORMATION

Not Applicable

ITEM 6. EXHIBITS

The following exhibits are included as part of this report:
3		Corporate Charter ~~(incorporated by reference from Monarchy’s Registration Statement on Form S-1 filed on March 15, 2011)~~*
3(i)		Articles of Incorporation ~~(incorporated by reference from Monarchy’s Registration Statement on Form S-1 filed on March 15, 2011)~~*
3(ii)		By-laws ~~(incorporated by reference from Monarchy’s Registration Statement on Form S-1 filed on March 15, 2011)~~*
10.1		Transfer Agent and Registrar Agreement ~~(incorporated by reference from Monarchy’s Registration Statement on Form S-1 filed on March 15, 2011)~~*
10.2		Share Exchange Agreement dated May 14, 2013 (incorporated by reference to the Form 8 filed on May 14, 2013.
10.3		Share Exchange Agreement dated July 9, 2013 (incorporated by reference to the Form 8 filed on July 9, 2013)
31.1		Certification of Chief Executive Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (*)
31		Certification of Principal Executive Officer and Principal Financial Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. () () Filed herein
32		Certification of Principal Executive Officer and Principal Financial Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 * Incorporated by reference to our Registration Statement on Form S-1 filed on March 15, 2011

SIGNATURES

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

	MONARCHY VENTURES INC.
	(Registrant)
Date: November 26, 2015	/s/ Timothy Ferguson
Date: June 18, 2015	/s/ “ Timothy Ferguson”
	Timothy Ferguson Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer, and Director
	TIMOTHY FERGUSON Chief Executive Officer, President and Director

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