# CUE CAPITAL LIMITED PARTNERSHIP X-17A-5 (2021-02-19) — Broker-dealer annual report - Company: CUE CAPITAL LIMITED PARTNERSHIP - Form: X-17A-5 - Filed: 2021-02-19 - Period: 2020-12-31 - Accession: 0000946633-21-000004 - CIK: 1298623 - File #: 8-66599 - Material weakness: No - Auditor: RGNC&S Certified Public Accountants, PLLC - Auditor location: Woodbury, NY - Contact: Patrick Logan - Phone: 2127514422 - Signed by: George Skouras (Managing Partner) Original filing: https://www.sec.gov/Archives/edgar/data/1298623/000094663321000004/cuecapitalfs20short.pdf --- {0}------------------------------------------------ # **Cue Capital Limited Partnership** Statement of Financial Condition December 31, 2020 {1}------------------------------------------------ # **FORM X-17 A-5 PART Ill** ### **:FACING PAGE** | | 0MB APPROVAL | | |------------------------------------|---------------------------|-----------------| | UNITEO STATES | OMBNumber. | 3235-0123 | | SECURITlES AND EXCHANGE COMMISSION | Expires: October 31, 2023 | | | Washington, D.C. 20549 | Estimated average burden | | | | hours oer resonnse. 12.00 | | | ANNUAL AUDITED REPORT | | SEC FILE NUMBER | | FORM X-17 A-5 | 8 - | 66599 | | PART Ill | | | | | | | **Information Required of Brokers and Dealers Pursuant to Section** 17 **of the Securities Exchange Act of 1934 and Rule l7a-5 Thereunder** | REPORT FOR THE PERIOD BEGINNING | ____ 0~1~ro~1~,2~0~20.;.,_ ___ ANDENDING ___ | __
~1~v~3~11~20~2~0 | |---------------------------------------------------------------------------|----------------------------------------------|-------------------------------| | | MM/0D/YYYY | MM/DD/YYYY | | | A. REGISTRANT IDENTIFICATION | | | NAME OF BROKER-DEALER: | | | | CUE CAPITAL LIMTIED PARTNERSHIP | | OFFICIAL USE ONLY | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | FIRM 10. NO. | | 2000 S. BAYSHORE DRIVE. SUITE 9 | | | | | (No. and StreI!) Certified Public Accountant
0 Public Accountant | 0 Accountant not resident in United States or any of its possessions | | | | | FOR OFFICIAL USE ONLY | | | *\*Claims ji)r exemplion(rom 1he requiremen1 !hat the annual report be covered by rhe opinion of an independent puhlic accountant must he supported by a statemen/ of/acts and circumstances relied on as the bosisfor the exemption. See section 2./0. /7a-5(e)(2).* SEC I **4** IO (06-02) **Potential persons who are to respond to the collection of information contained In this form are not required to respond unless the form displays a currently valid 0MB control number.** {2}------------------------------------------------ ### **OATH OR Att.FIRMA TION** | GEORGE SKOURAS | , swear (or affirm) that, to the | |------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------| | best of my knowledge and belief the accompanying financial stalcment and suppo,ting schedules pertaining to the fim1 of
CUE CAPITAL LIMTIED PARTNERSHIP | , as of | | ___________ De"-'-ce=m~be=r-'-3-'-l._2 | , ;;.0"'2"'-0 , are true and correct. I fmtber swear (or affirm) that neither the compauy | | nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of | | | a customer, except as follows: | | | | | | No exec lions | | | | | | | | | | | | | | | | | | | Managing Partner | | | Title | | | | | NoLan•Public | | | | | | | | | | | | | | | This report** contains (check all applic.able boxes): | | | @ (a) Facing page. | | | @ (b) Statement of Financial Condition. | | | 0 (c) Statement of Income (Loss). | | | 0 (d) Sr,~tement of Cash Flows | | | 0 (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietor's Capital. | | | 0 (f) Statement of Changes in Liabilities Subordinated 10 Claims of Creditors.
0 (g) Computation of Net Capital. | | 0 (i) lnformation Relaling to the Possession or control Requirements Under Rule I 5c3-3. 0 (j) A Reconciliation, including appropriate explanation, of the Computation of Net Capital Under Rule 15c3-l and 1he - Computalion for Detennination of the Reserve Requirements Under Exhibit A of Rule l 5c3-3. - 0 (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of consolidation. - lis) (I) An Oath or Affirmation. - 0 (m) A copy of the STPC Supplemental Report. - 0 (n) A reporl describing any material inadequacies found to exist or found to have existed since the date of the previous audit - 0 ( o) Exemption report *\*\*For condi1ions (){conjiden1ial rrea1111ent of certain porlions of this.filing, see sec/ion 2./0. /7a-5{e)(3).* {3}------------------------------------------------ # **Cue Capital Limited Partnership Table of Contents December 31, 2020** | | Page(s) | |------------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm 1 | | | Financial Statement | | | Statement of Financial Condition 2 | | | Notes to Financial Condition 3-6 | | {4}------------------------------------------------ Mork C. Goldberg, CPA Mork Rophoel, CPA Florio Somii-Nikpour, CPA Allon B. Cohen, CPA M ic hoe I R. Sull ivon, CPA Anita C. Jocobsen, CPA ![](_page_4_Picture_0.jpeg) ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Partners of Cue Capital Limited Partnership ### **Opinion on the Financial Statement** Founding Portner: Melvin Goldberg, CPA We have audited the accompanying statement of financial condition of Cue Capital Limited Partnership (the "Company") (a limited partnership), as of December 31, 2020 and the related notes to the financial statement. In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Cue Capital Limited Partnership as of December 31 , 2020, in conformity with accounting principles generally accepted in the United States of America. ### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. Raphael Goldberg Nikpour Cohen & Sullivan Certified Public Accountants PLLC We have served as the Company's auditors since 2012. Woodbury, New York February 15, 2021 97 FROEHLICH FARM BLVD WOODBURY, NEW YORK 11797 I TEL: 516.864 8600 I FAX: 516.496. 9688 I WWW.RSGNCCPAS.COM {5}------------------------------------------------ | Assets | | |------------------------------------------|--------------| | Cash and cash equivalents | \$
66,081 | | Prepaid expenses | 23,376 | | Property and equipment, net | 2,705 | | Other assets | 1,551 | | Total Assets | \$
93,713 | | | | | Liabilities and Partners' Capital | | | Lia bil itie s | | | Accounts payable and accrued expenses | \$
12,252 | | Due to partner | 12,190 | | Total Liabilities | 24,442 | | Partners' Capital | 69,271 | | Total Liabilities and Pa rtners' Capital | \$
93,713 | | | | The accompanying notes are an integral part of this financial statement. 2 {6}------------------------------------------------ #### **1. Oreanization and Nature of Business** Cue Capital Limited Partnership (the "Partnership") was formed on September 4, 2003. The partnership is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is also a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The Partnership's operations consist primarily of introducing leading institutional investors to fund managers that make private equity, real estate and other non-traditional investments. The Partnership also provides advice to fund managers regarding ways to improve their methods of raising capital. #### **2. Summary of Sienificant Accounting Policies** The Partnership's federal, state and local tax returns are subject to possible examination by the taxing authorities until expiration of the related statutes of limitations on those tax returns. In general, the federal and state income tax returns have a three year statute of limitations. The Company would recognize accrued interest and penalties associated with uncertain tax positions, if any, as part of the income tax provision. # *Basis of Presentation* The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). # *U<;e of Estimates* The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the fmancial statements and reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. ## *Cash and Cash Equivalents* Cash consists of deposits with banks. For purposes of the statement of cash flows, the Partnership considers as short term, highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. ![](_page_6_Picture_13.jpeg) {7}------------------------------------------------ # Summary of Significant Accounting Policies (Continued) # *Fair Value of Financial Instruments* The Partnership's financial instruments consist of cash and cash equivalents, and accounts payable. The fair value of cash and cash equivalents is based upon the bank balance at December 31, 2020. The fair value of accounts payable is estimated by management to approximate their carrying value at December 31, 2020. ### *Property and equipment* Property and equipment are stated at cost less accumulated depreciation. Depreciation is based on the straight-line method over the estimated useful life as follows: | Assets | Estimated
Useful Life | | |-------------------------|--------------------------|--| | Computer equipment | 5 Years | | | Computer software | 5 Years | | | Furniture | 7 Years | | | Lea<;ehold improvements | 15 Years | | | | | | The Partnership periodically assesses the recoverability of the carrying amounts of long- lived assets. A loss is recognized when expected undiscounted cash flows are less than the carrying amount of the asset. The impairment loss is the difference by which future cash tlows are less than the carrying amount of the asset. The impairment loss is the difference by which the carrying amount of the asset exceeds its fair value. The Partnership did not recognize an impairment loss on its long lived assets for the year ended December 31 , 2020. ### *Income Taxes* No provision for federal and state income taxes has been recorded because the limited partner reports the Partnership's income or loss on his income tax returns. 4 {8}------------------------------------------------ #### **3. Property and Equipment** Property and equipment at December 31, 2020 are as follows: #### **4. Due to Partner** | Furniture and fixtures | \$
10,982 | |--------------------------------|--------------| | Computer Equipment | 18,521 | | | 29,503 | | Less: accumulated depreciation | (26,798) | | | \$
2,705 | As of December 31, 2020, there is a balance in due to partner of approximately \$12,000 as presented in the Statement of Financial Condition. # **5. Concentration of Credit Risk and Uncertainties** 'fhe Partnership maintains all of its cash deposits in one financial institution, which at times, may exceed federally insured limits. The Partnership has not experienced any losses in such accounts and believes it is not subject to any significant credit risk with respect to these deposits. #### **6. Commitments** In December 2019, a novel strain of coronavirus was reported in China. The World Health Organization has declared the outbreak to constitute a "Public Health Emergency of International Concern." The COVID-19 outbreak is disrupting financial markets across the world. The extent of the iJnpact of COVID-19 on the Partnership's operational and financial performance will depend on certain developments, including the duration and spread of the outbreak. At this point, the extent to which COVTD-19 may impact the Partnership's financial condition or results of operations is uncertain. The Partnership had no co1nmitments for the year ended December 31, 2020. 5 {9}------------------------------------------------ # **7. Net Capital Requirements** The Partnership is subject to the SEC Uniform Net Capital Rule 15c3-l. This rule requires the maintenance of minimum net cap ital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1, and that equity capital may not be withdrawn if the resulting net capital ratio would exceed 10 to 1. #### **8. Subsequent Events** At December 31, 2020, the Partnership's net capital was \$41,639, which was \$36,639 in excess of its minimum requirement of\$5,000 under SEC Rule 15c3-I. The Partnership's net capital ratio was 0.59 to I. The Partnership does not claim exemption from the Customer Protection Rule but limits its business activities to those specified in footnote 74 of SEC Release No. 34-70073. Subsequent events have been evaluated through February 15, 2021 , the date the financial statements were available to be issued. There have been no subsequent events requiring recognition or disclosure in the financial statements. ![](_page_9_Figure_7.jpeg) Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.