# ANDERSON LENEAVE & CO. X-17A-5 (2026-02-10) — Broker-dealer annual report - Company: ANDERSON LENEAVE & CO. - Form: X-17A-5 - Filed: 2026-02-10 - Period: 2025-12-31 - Accession: 0001114839-26-000001 - CIK: 1114839 - File #: 8-52584 - Type: Broker-dealer - Material weakness: No - Auditor: Cherry Bekaert, LLC - Auditor location: Charlotte, NC - Contact: Gregory LeNeave - Phone: 704-552-9212 - Email: g1eneave@andersonieneave.com - Website: andersonieneave.com - Signed by: Gregory LeNeave (President) Original filing: https://www.sec.gov/Archives/edgar/data/1114839/000111483926000001/Public_2025.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMWA PP ROVA L 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # ANNUAL REPORTS FORM X-17A-5 PART III | | als per Tesponse. | 11 | | |--|---------------------------------------------------------|----|--| | | | | | | | pro problems and an and the man and a first any and the | | | [ SEC FILE NUMBER H FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and lSa-7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING 01/01/2025 AND ENDING 12/31/2025 MM/DD/YY MM/DO/fl' A. REGISTRANT IDENTIFICATION # NAME OF FIRM: Anderson LeNeave & Co. TYPE OF REGISTRANT (check all applicable boxes): I~1 Broker-dealer C Security-based swap dealer C Major security-based swap participant D Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 6805 Carnegie Blvd., Suite 210 | | (No. and Street) | | | | |---------------------------------------------------------------------------|------------------------------------------------------------|---------|-------------------------------------------------|--| | Charlotte | NC | | 28211 | | | (City) | (State) | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | eave
Greg
Le
N | 704-552-9212 | | g1eneave@andersonIeneave.com
(Email Address) | | | (Name) | (Area Code — Telephone Number) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | Cherry
Bekaert, | LLC | | | | | | (Name — if individual, state last, first, and middle name) | | | | | Metropolitan
1111 | Charlotte
Ave. | NC | 28204 | | | (Address) | (City) | (State) | (Zip Code) | | | 10/20/2003 | | 677 | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 24O.17a-5(e)(lflii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless theform displays a currently valid 0MB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | Gregory LeNeave | | |-----------------|--| I, Gregory LeNeave , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Anderson LeNeave & Co. . as of December31 .2025 ,is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in an account classified solely as that of a customer. Title:61 V President # This filing\*\* contains (check all applicable boxes): - ~ (a) Statement of financial condition. - ~1. (b) Notes to consolidated statement of financial condition. - C (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - C (d) Statement of cash flows. - C (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - C (f) Statement of changes in liabilities subordinated to claims of creditors. - C (g) Notes to consolidated financial statements. - C (h) Computation of net capital under 17 CFR 240.lSc3-1 or 17 CFR 240.18a-1, as applicable. - C (i) Computation of tangible net worth under 17 CFR 240.lSa-2. - C Q) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - C (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibits to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - C (I) Computation for Determination of PAR Requirements under Exhibit A to § 240.15c3-3. - C (m) Information relating to possession or control requirements for customers under 17 CUR 240.15c3-3. - C (n) Information relating to possession or control requirements for security-based swap customers under 17 CUR 240.15c3-3(p)(2) or 17 CUR 240.18a-4, as applicable. - C (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CUR 240.15c3-1, 17 CUR 240.18a-1, or 17 CUR 240.18a-2, as applicable, and the reserve requirements under 17 CUR 24O.15c3-3 or 17 CUR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - C (p) Summary of financial data for subsidiaries not consolidated in the statement offinancial condition. - ~ (q) Oath or affirmation in accordance with 17 CUR 240.17a-5, 17 CUR 240.17a-12, or 17 CUR 240.18a-7, as applicable. - C (r) Compliance report in accordance with 17 CUR 240.17a-S or 17 CUR 240.18a-7, as applicable. - C (s) Exemption report in accordance with 17 CUR 240.17a-S or 17 CUR 240.lSa-7, as applicable. - ~ (t) Independent public accountant's report based on an examination of the statement of financial condition. - C (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CUR 240.17a-5, 17 CUR 240.lSa-7, or 17 CUR 240.17a-12, as applicable. - C (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CUR 240.17a-5 or 17 CUR 240.lSa-7, as applicable. - C (w) Independent public accountant's report based on a review ofthe exemption report under 17 CUR 240.17a-S or 17 CFR 240.18a-7, as applicable. - C (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CUR 240.15c3-le or 17 CUR 240.17a-12, as applicable. - C (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CUR 240.17a-12(k). - C (z) Other: \*\*TO request confidential treatment of certain portions of this filing, see 17 CFR 240.1 70-5(e)(3) or 17 CFI? 240.180-7(d)(2), as applicable. {2}------------------------------------------------ Financial Statements and Accompanying Information As of and for the Years Ended December 31, 2025 and 2024 {3}------------------------------------------------ #### Contents #### Page | Report of
Firm
Independent Registered Public
Accounting | 2 | |------------------------------------------------------------------|-----| | Statements of
Condition
Financial | 3 | | Notes to Financial
Statements | 4-7 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # Report of Independent Registered Public Accounting Firm To the Stockholders Anderson LeNeave & Co. Charlotte, North Carolina ## Opinion on the Financial Statements We have audited the accompanying statements of financial condition of Anderson LeNeave & Co. (the 'Company") as of December 31, 2025 and 2024 that is filed pursuant to Rule 17a-5 under the Securities Exchange Act of 1934. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, in conformity with generally accepted accounting principles in the United States of America. ## Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. 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 audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, 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 statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe our audits provide a reasonable basis for our opinion. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. We have served as the Company's auditor since 2010. Rockville, Maryland February 9, 2026 {5}------------------------------------------------ #### Statements of Financial Condition #### Assets | | December
31,
2025 | | December
31,
2024 | | |-----------------------------------------------------------|-------------------------|----|-------------------------|--| | Cash and cash equivalents | \$
197,937 | \$ | 185,304 | | | Accounts
receivable | 7,000 | | | | | Prepaid expenses and other assets | 41,848 | | 6,713 | | | Right-of-use
asset | 387,023 | | 17,358 | | | Total
assets | \$
633,808 | \$ | 209,375 | | | Liabilities | | | | | | Lease Liability | \$
420,723 | \$ | 20,718 | | | liabilities
Total | \$
420,723 | \$ | 20,718 | | | Equity
Stockholders' | | | | | | Common
stock, no par value, 100,000 shares authorized, | | | | | | 10,000 shares issued and outstanding | 81,066 | | 81,066 | | | Retained earnings | 132,019 | | 107,591 | | | Total
stockholders'
equity | 213,085 | | 188,657 | | | Total
liabilities
stockholders'
equity
and | \$
633,808 | \$ | 209,375 | | The accompanying notes are an integral part of these statements. {6}------------------------------------------------ Notes to Financial Statements December 31, 2025 and 2024 #### Note 1 - Nature of operations Anderson LeNeave & Co. (the "Company"), a North Carolina corporation, is a full-service investment banking firm providing corporate finance services, including merger and acquisition advisory services and private financing placement and advisory services to middle market companies. The Company has elected to be registered as a broker-dealer, is a member of the Financial Industry Regulatory Authority (FINRA) and thus is subject to various rules and regulations promulgated by the Securities and Exchange Commission (SEC). Accordingly, the accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America as applicable to brokers and dealers in securities. # Note 2- Summary of significant accounting policies # Use of estimates in the preparation of financial statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 financial statements. Actual results could differ from those estimates. ### Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. #### Accounts receivable Trade accounts receivable are stated net of an allowance for credit losses. The allowance for credit losses is based on the Company's expectation of the collectability of fees utilizing the Current Expected Credit Losses (CECL) framework. The Company's expectation is that the credit risk associated with receivables due from clients with which it conducts business are that the client will not fulfill its contractual obligation. Management monitors the credit risk of clients and currently there is not a foreseeable expectation of an event or change which could result in a fee receivable being unpaid based on individual facts and circumstances. The Company considers factors such as historical experience, credit quality, age of balances and current and future economic conditions that may affect the Company's expectation of the collectability in determining the allowance for credit losses. The Company has no allowance for credit losses as of the year ended December 31, 2025 or 2024. While management uses the best information available to make such evaluations, future adjustments to the allowance may be necessary if conditions differ substantially from the assumptions used in making the evaluations. {7}------------------------------------------------ Notes to Financial Statements December 31, 2025 and 2024 # Note 2- Summary of significant accounting policies (continued) #### Income taxes The Company has elected to be treated as an S Corporation for state and federal income tax purposes. As such, substantially all income of the Company is reported by the stockholder on his individual income tax returns. Accordingly, no provision for income taxes has been included in the accompanying financial statements. Management has evaluated the tax positions of the Company and it is the opinion of management that there are no uncertain tax positions that would be material to these financial statements. The Company did not incur any federal income tax expense in 2025 or 2024. #### Lease Accounting The lease standard establishes a right-of-use model that requires a lessee to recognize a right-of-use ("ROU") asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition on the income statement. Upon implementation of the lease standard, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the histor cal lease classification of those leases in place. The Company determines if an arrangement is a lease at inception. The operating lease agreements are primarily for office space and are included within operating lease ROU assets and lease liabilities on the statements of financial condition as of December 31, 2025 and 2024. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Our variable lease payments consist of non-lease services related to the lease. Variable lease payments are excluded from the ROU assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred. As our lease do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. ROU assets also include any lease payments made and exclude lease incentives, if any. Rental expense for lease payments related to operating leases is recognized on a straight-line basis over the lease term. ## Note 3 - Property and equipment Property and equipment at December 31, consists of the following: | | 2025 | 2024 | |-----------------------------------------------------------------------------------|--------------------|--------------------| | Computer
equipment | 19,219
\$ | \$ 19,219 | | Office
furniture
and equipment | 25,000 | 25,000 | | Computer
software | 3,711 | 3,711 | | Total
property
and equipment, gross
Accumulated
depreciation
Less: | 47,930
(47,930) | 47,930
(47,930) | | Total
property
and equipment, net | \$
- | \$
- | {8}------------------------------------------------ #### Notes to Financial Statements December 31, 2025 and 2024 #### Note 4 - Capital requirements The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule 15c3-1, which requires the maintenance of minimum net capital of \$5,000 and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 further requires that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. The net capital and net capital ratio, which agree with our Focus Report as of December 31, were as follows: | | 2025 | 2024 | |------------------------------------------------------------------|--------------|--------------| | Net
capital | \$164,237 | \$181,945 | | of
Net
capital ratio
(ratio
indebtedness to capital) | Less than 1% | Less than 1% | # 7 Note 5 - Part I, Form X-17a-5: The most recent annual report of the Company is available for examination and copying at the office of the Company and at the Atlanta Regional Office of the Securities and Exchange Commission. ## Note 6 - Profit Sharing and 401K Plan Employees of the Company who are at least 21 years old and have completed one year of service are eligible to participate in the Anderson LeNeave & Co. Profit Sharing Plan (the "Plan"). The Plan allows the Company to make discretionary contributions on behalf of eligible employees of up to 20% of each employee's compensation, subject to statutory limitations. The Company made discretionary contributions of \$121,647 and \$170,418 to the Plan for the years ended December 31, 2025 and 2024, respectively. Participants vest in their portion of employer contributions over a three-year period. In May 2024, the Company amended its Plan to add a 401K option. The 401K Plan allows eligible employees to make pre-tax elective deferrals as well as after-tax Roth contributions. In addition, the Company has elected to make 3% non-contributory contributions to eligible participant accounts as of each year end. In December 2025 and 2024, the Company made non-contributory payments to participants of \$42,000 and \$32,521, respectively. ## Note 7 — Operating Lease On November 11, 2024, the Company entered into a 64-month non-cancellable operating lease amendment. The amendment was effective April 1, 2025, and expires on July 31, 2030. Rent expense consists of both operating lease expense from amortization of our ROU assets as well as variable lease expense which consists of non-lease components of office leases (i.e. common area maintenance). At December 31, 2025, the weighted average interest rate used to determine the lease liability was 6.0% and the remaining term of the lease was 55 months. At December 31, 2024, the weighted average interest rate used to determine the lease liability was 6.0% and the remaining term of the lease was 3 months. As of December 31, 2025, the current portion of the lease liability from the current lease was approximately \$99,996. {9}------------------------------------------------ Notes to Financial Statements December 31, 2025 and 2024 ## Note 7 — Operating Lease (continued) Future minimum lease payments during the Renewal Term, are as follows: | | Year | Amount | |------------------------------------|-------|------------| | | 2026 | \$ 99,996 | | | 2027 | 102,996 | | | 2028 | 106,082 | | | 2029 | 109,258 | | | 2030 | 65.323 | | | Total | ~fl~5 | | Less: amount representing interest | | f\$~2.932) | | Total | | ~42Q,Z2~ | # Note S - Concentration of credit risk The Company places its cash and cash equivalents on deposit with a North Carolina financial institution. The balance at the financial institution is insured by the Federal Deposit Insurance Corporation ("FDIC") up to \$250,000. From time-to-time, the Company may have balances in excess of the FDIC insured limit. The Company operates in a single line of business as a licensed broker-dealer, which is comprised of providing merger and acquisition and financing advisory services. Refer to prmary financial statements for further information as the single operating segment is the entire entity of the Company. The Company has identified its President as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 4, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. The company derived 90% of its total revenues from two external customers in 2025. #### Note 9 — Subsequent Event The Company has evaluated subsequent events through February 9; 2026, in connection with the preparation of these financial statements which is the date the financial statements were available to be issued. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.