# STONECREST CAPITAL MARKETS, INC. X-17A-5 (2021-03-31) — Broker-dealer annual report - Company: STONECREST CAPITAL MARKETS, INC. - Form: X-17A-5 - Filed: 2021-03-31 - Period: 2020-12-31 - Accession: 0001002807-21-000002 - CIK: 1002807 - File #: 8-48754 - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Brent Hippert - Phone: 443-541-8400 - Signed by: Brent Hippert (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1002807/000100280721000002/pub_scm22.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235·0123 Expires: April 30, 2021 Estimated average butt!en hours *per* response .... 12.00 ### ANNUAL AUDITED REPORT FORM X-17 A-5 PART111 | | SEC FILE NUMBER | |----|-----------------| | 8- | 48754 | #### FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-S Thereunder | ___
MM!DDIYY | --
AND ENDING | 12/31/20
MM/DD/VY | | |------------------------------------|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | OFFlCIAL USE ONLY | | | | | FIRMl.D. NO. | | | (No. and Street}
TX | | 78701 | | | (State) | | (Zip Code} | | | | | | | | | | | | | 2727 Paces Ferry Rd SE, Ste 2-1680 | | | 30339
(Zip Code) | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | A. REGISTRANT IDENTIFICATION
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)
B. ACCOUNTANT IDENTI.f<'ICATION
INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in the Report*
(Name - if tndivtdual, ftate Jase, first, middle name)
Atlanta
(City)
Accountanl nol resident in United States or any of its possessions | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
{704) 375-2966
(Area Code - Telephone Number)
Georgia
(State) | *.. Clarms for exemption from the requirement that* the *annual report be covered by* the *opinion of an independent public accOW1tant must be supported by a sratement of facts and circumstances re/led on as the basis for the exemption. See Section 240. l 7a-5(e}{2)* SEC 1410 (06-02) Potential persons who are to respond to the collection of infonnatlon contained In this fonn are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ ### OATH OR AFFIRMATION | 1. | Brent Hippert | | | | |----|--------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|--|--| | | knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of | | | | | | | | | | | | Stonecrest Capital Markets, Inc. | as as a manager and the many of the many as | | | | | of December 31 . 2020, are true and correct. I further swear (or affirm) that | | | | | | | | | | | | | neither the company nor any patner, principal officer or director has any proprietary interest in any account | | | | | classified solely as that of a customer, except as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Signature | | | | | | | | | | | | FO | | | | | | Title | | | | | | | | | | | | CODY HAWLEY | | | | | Notary Public | Notary Public | | | | | | Anne Arundel County | | | | | | Maryland | | | | | This report ** contains (check all applicable boxes): | My Commission Expires May 11, 2022 | | | | | (a) Facing Page. | | | | | | | | | | | | (b) Statement of Financial Condition. | | | | | | (c) Statement of Income (Loss). | | | | | | (d) Statement of Changes in Financial Condition. | | | | | | 1-1-11
(c) Statement of Changes in Stockholders' Equity or Partners" or Sole Proprietors" Capital. | | | | | | (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. | | | | | | (g) Computation of Net Capital. | | | | | | (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3. | | | | | | (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. | | | | | | () A Reconciliation, including appropriate explanation of the Computation of Net Capital Under | | | | | | | Rule 15c3-3 and the Computation for Determination of the Reserve Requirements Under Exhibit | | | | | A of Rule 15c3-3. | | | | | | (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with | | | | | | respect to methods of consolidation. | | | | | | (1) An Oath or Alfırmation. | | | | - [ (m) A copy of the SIPC Supplemental Report. - [ (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. \*\* For conditions of confidential treatment of certain portions of this filing, see section 240.17-5(e)(3). {2}------------------------------------------------ # Stonecrest Capital Markets, Inc. Statement of Financial Condition December 31, 2020 ## ASSETS | Cash | \$ 1,832,256 | |----------------------------------------------------------------------|--------------| | Due from clearing broker | 735,203 | | Deposit with clearing broker | 100.000 | | Accounts Receivable | 72,500 | | Advances to brokers - net of loss reserve of \$21,169 | 1,253,972 | | Securities pledged as collateral | 250.000 | | Right of use Asset | 767.537 | | Due from related party | 67.477 | | Prepaid expenses | 60.320 | | Furniture and equipment, net of accumulated depreciation of \$13,704 | 29.789 | | Deferred Tax Asset | 10.596 | | Other Assets | 34.136 | | Total Assets | \$ 5,213,786 | ### LIABILITIES AND STOCKHOLDER'S EQUITY | LIABILITIES: | | | |------------------------------------------------------------------------------------|------|--------------| | Accounts payable and accrued expenses | ಕ್ಕಾ | 106.496 | | Commissions payable | | 609,313 | | Accrued compensation | | 315,441 | | Lease liability | | 767,537 | | Due to related parties | | 57.645 | | Liabilities subordinated to claims of general creditors | | 250,000 | | Income Taxes Payable | | 34,811 | | Total Liabilities | | 2,141,243 | | STOCKHOLDER'S EQUITY:
Common stock - \$.01 par value; 100,000 shares authorized | | | | 1,200 shares issued and outstanding | | 12 | | Series A preferred stock | | 2,100,000 | | Additional paid-in capital | | 756,728 | | Retained Earnings | | 215,803 | | Total Stockholder's Equity | | 3,072,543 | | | | | | Total Liabilities and Stockholder's Equity | | \$ 5,213,786 | | | | | Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.