8-K/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (date of earliest event reported): June 13, 2007

KINGS ROAD ENTERTAINMENT, INC.

(Exact name of Registrant as specified in its charter)

DELAWARE	000-14234	95-3587522
(State of incorporation or organization)	(Commission file number)	(I.R.S. employer identification number)

468 N. Camden Drive Beverly Hills, California (Address of principal executive offices) 90210 (Zip code)

Registrant’s telephone number, including area code: 310-278-9975

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

PURPOSE OF AMENDMENT

The purpose of this amendment is to correct errors in the initial filing of this Form 8-K that was filed June 13, 2007. The initial filing of this Form 8-K failed to state the following: (i) the specific identity of the financial statement that should no longer be relied upon; (ii) a description of all the information provided by the accountant and a disclosure of the nature of the restatements; (iii) a letter from the accountants indicating whether or not they agree with the disclosures in the Form 8-K; (iv) a statement of when the restated financial statements and delinquent filings will be filed; and (v) a statement from the Registrant acknowledging that the Registrant is responsible for the adequacy and accuracy of the disclosure in the filings. The corrected text follows:

Item 4.02 Non-Reliance on Previously Issued Financial Statements

On April 23, 2007, the Registrant was informed by their former independent accountants, HJ & Associates, LLC, (the “Accountants”) that the financial statements for the fiscal year ending April 30, 2005 must be adjusted due to possible un-identified Liabilities in the balance sheet, not exceeding $100,000. The last reliable 10-KSB filed by the Registrant is for the fiscal year ending on April 30, 2004. Therefore, the Form 10-QSB for the periods ending on July 31, 2004, October 31, 2004, and January 31, 2005 and the Form 10-KSB for the period ending on April 30, 2005 must be amended.

The Registrant’s Board of Directors and auditors have discussed a definitive plan and timetable to address these matters, and estimates that the amended and delinquent SEC filings shall be completed and filed by October 31, 2007.

A letter from HJ & Associates, LLC, regarding the Non-Reliance Upon Previously issued interim review, dated April 23, 2007, is attached hereto as Exhibit 7.1.

A letter from Jaspers and Hall PC as to whether or not it agrees with the above disclosures is attached hereto as Exhibit 7.2.

A letter from the Registrant acknowledging that it is responsible for the adequacy and accuracy of the disclosure in the filings is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

Exhibit No. Description

7.1 Correspondence from HJ & Associates, LLC, regarding Non-Reliance Upon Previously issued interim review dated April 23, 2007.

7.2 Correspondence from Jaspers and Hall PC as to whether or not it agrees with the disclosures in the Form 8-K.

99.1 Correspondence from Registrant acknowledging that it is responsible for the adequacy and accuracy of the disclosures in the filings.

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 hereunto duly authorized.

	KINGS ROAD ENTERTAINMENT, INC.
Date: August 15, 2007	By:	/s/ Philip Holmes
		Philip Holmes, President

EX-7.1

HJ & ASSOCIATES, LLC

50 West Broadway, Suite 600

Salt Lake City, Utah 84101

April 23, 2007

Philip Holmes

Kings Road Entertainment, Inc.

468 N. Camden Drive

Beverly Hills, CA 90210

RE: No Reliance Statement

Dear Philip:

We are in receipt of you e-mail regarding our dismissal as the independent accountants for Kings Road Entertainment, Inc. and the appointment of Jaspers & Hall as the Company’s new independent accountants. Since we have not received separate written notice of such action, we will consider the e-mail as formal notification of that action.

As you are hopefully aware, the Company has an obligation to file a Form 8-K with SEC regarding any change in accountants and related matters. That action is required to take place within 5 days of the event. We had expected that to have received by now a draft of such an 8-K for our review, input and corresponding required letter. We understand there may be some school thought that since the Company is delinquent in its filings there is no obligation to file such an 8-K or other filings with the SEC until periodic reports are current, which view we disagree with. In addition, as you are aware, over the last number of months it became evident that adjustments and restatements to previously filed Forms 10KSB’s and 10QSB’s with corresponding discussion between ourselves, Cyrus Mostofi and others with related initial proposed adjustments which were to be applied to previously filed financial statements and amended filings made. It is apparent that part of the intent with this change is to review and re-audit certain periods and related financial statements which may result in additional adjustments. Regardless of the extent of any restatements and possible additional adjustments beyond what has already been identified, the fact remains that there is financial information in previous periodic filings that is materially incorrect. As a result, the Company has an obligation to file a non-reliance Form 8-K in conjunction with Item 4.02 of that form indicating that the previously filed annual and quarterly reports should not be relied upon which 8-K should be filed immediately, in our view.

We believe that these matters require immediate attention and would request a prompt response with a definitive plan and timetable to address these matters. Failing receipt of that plan and timetable within the next 24 hours and the filing of one or more Form 8-K addressing these matters within at least the next several days, we will be compelled to notify the SEC directly of these matters.

We look forward to taking care of these outstanding items immediately and assisting the Company to return to full compliance and reporting.

If there is anyone else you would like us to include in the resolution of these items, i.e. the Company’s new securities legal counsel, please advise.

Regards,

/s/ Chuck D. Roe, CPA

Chuck D. Roe, CPA

EX-7.2

EX-99.1