# T CAPITAL FUNDING, LLC X-17A-5 (2022-02-25) — Broker-dealer annual report - Company: T CAPITAL FUNDING, LLC - Form: X-17A-5 - Filed: 2022-02-25 - Period: 2021-12-31 - Accession: 0001259170-22-000001 - CIK: 1259170 - File #: 8-66106 - Type: Broker-dealer - Material weakness: No - Auditor: Raich Ender Malter & Co. LLP - Auditor location: New York, NY - Contact: Amber Clarke - Phone: 321-280-5235 - Email: tcfac@tcapitalfunding.com - Website: tcapitalfunding.com - Signed by: Amber Clarke (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1259170/000125917022000001/tcapp.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL REPORTS FORM X-17A-5 PART Ill FACING PAGE OMB APPROVAL OMB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 SEC FILE !NUMBER 8-66106 Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING 1 /1 /21 AND ENDING 12/31 /21 ~~~~~~~~- -~~~~~~~~~ MM/DD/YY MM/00/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: T CAPITAL FUNDING, LLC TYPE OF REGISTRANT (check all applicable boxes): ii!!!l Broker-dealer D Security-based swap dealer D Major security-based swap participant ::J Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 610 N. Wymore Road, Suite 120 (No. and Street) Maitland FL 32751 lCity) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING Amber Clarke 321-280-5235 TCFac@tcapitalfunding.com (Name) (Area Code - Telephone Num ber) (Email Address) 8. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Raich Ender Malter & Co. LLP (Name - if individual, state last, first, and middle name) 1375 Broadway New York NY 10018 (Address) (City) (State) (Zip Code) 6/23/04 50 l" -01 RogiM t;,o with PCAOB)(if •ppl<•blo) FOR OFFICIAL USE ONLY (PCAOB Rogj•tr .. ioo N"mbo" if •ppH" blo) I • Claims for exemption from the requirement t hat 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 240.17a-S(e)(l)(ii), if applicable. Persons who are to respond to t he collection of information contained in t his form are not required to respond unless the form displays a current ly valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION I, Amber Clarke , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of T CAPITAL FUNDING. LLC as of December 31 2~, 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 any account classified solely as that of a customer. ![](_page_1_Picture_3.jpeg) Title: CEO # This filing\*\* contains (check all pplica'~j':H~i~ 1 - ii!!ii (a) Statement of financial condition. 11 1111 1\ 11' 1' - ii!!ii (b) Notes to consolidated statement of financial condition. - 0 (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). · ,,,,'' - 0 (d) Statement of cash flows. - 0 (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - 0 (f) Statement of changes in liabilities subordinated to claims of creditors. - 0 (g) Notes to consolidated financial statements. - 0 (h) Computation of net capital under 17 CFR 240.1Sc3-1or17 CFR 240.18a-l, as applicable. - 0 (i) Computation of tangiblle net worth under 17 CFR 240.18a-2. - 0 (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.1Sc3-3. - 0 (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - 0 (1) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - 0 (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - 0 (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.1Sc3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - 0 (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-l, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - 0 (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - ii!!ii (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - 0 (r) Compliance report in accordance with 17 CFR 240.l 7a-5 or 17 CFR 240.18a-7, as applicable. - 0 (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - ii (t) Independent public accountant's report based on an examination of the statement of financial condition. - 0 (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-S, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - 0 (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-s or 17 CFR 240.18a-7, as applicable. - 0 (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - 0 (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-le or 17 CFR 240.17a-12, as appl icable. - 0 (y) Report describing any material inadequacies found to exist or fournd to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). 0(z) Other:-------------------------------------- - - *\*\*To* request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-S(e)(3) or 17 CFR 240.18a-7(d}(2}, as applicable. {2}------------------------------------------------ T Capital Funding, LLC Financial Statements and Supplemental Information December 31 , 2021 Pursuant to Rule 1 ?a-5 under The Securities Exchange Act of 1934 Public Document {3}------------------------------------------------ # T Capital Funding, LLC # For the Year Ended December 31, 2021 | Contents | | |----------|--| | | | | Report of Independent Registered Public Accounting Firm | | | |---------------------------------------------------------|-----|--| | Financial Statement | | | | Statement of Financial Condition | 2 | | | Notes to Financial Statement | 3-4 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) **13.75 Broadway, 1 Sth Floor New York, N ew York 1 001 8** 2 1 2.944.4433 21 2.944. 5404 t fax) .a®~ n·co.com # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member and Management of T Capital Funding, LLC New York, New York # Opinion on t he Financial] Statement We have audited the accompanying statement of financial condition of T Capital Funding, LLC as of December 31 , 2021, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of T Capital Funding, LLC as of December 31, 2021 in conformity with accounting principles generally accepted in the United States of America. ## Basis for Opinion This financial statement is the responsibility of T Capital Funding, LLC's management. Our responsibility is to express an opinion on T Capital Funding, LLC'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 T Capital Funding, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and tihe 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. RAICH EN DE MALTER & CO. LLP We have served as T Capiital Funding, LLC's auditor since 2018. New York, New York February 24, 2022 ![](_page_4_Picture_12.jpeg) Independent *Accounting Firms* {5}------------------------------------------------ # T Capital Funding, LLC Statement of Financial Condition December 31 , 2021 # Assets | Cash and cash equivalents | \$
666,766 | |-------------------------------------------------------------------|---------------| | Accounts receivable | 195,987 | | Prepaid expenses | 32,372 | | Property and equipment, less accumulated depreciation of \$24,472 | 7,878 | | | \$
903,003 | | | | | Liabilities and member's ,equity | | | Liabilities | | | Due to affiliates | \$
102,226 | | Accounts payable and accrued expenses | 120,716 | | | 222,942 | | Member's equity | 680,061 | | | \$
903,003 | See accompanying notes to financial statements {6}------------------------------------------------ # T Capital Funding, LLC Notes to Financial Statement December 31 , 2021 ## Note 1 - Organization and Nature of Business T Capital Funding, LLC (the "Company") was organized on January 30, 2003 and is wholly owned by Taurus Investment Holdings, LLC (the "Member''). The Company is a broker-dealer registered with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority, Inc. The primary revenue source of the Company is earning commissions for raising capital for real estate projects. The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934, pursuant to 15c3-3(k) (the "exemption provisions") and of the 2013 Release adopting amendments to Rule 17a-5, including Footnote 74 of the 2013 Release. Note 2 - Summary of Significant Accounting Policies #### Basis of Accounting The financial statements are prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. ## Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United State of America ("U.S. GAAP") requires management to make estimates and assumptions. Those estimates and assumptions affect the reported amounts of assets and liabilities and, the disclosure of contingent assets and liabilities. Actual results could differ from those estimates. #### Cash and Cash Equivalents Cash and cash equivalents consist of cash in a bank and investments with maturities of three months or less from date of purchase. #### Credit Losses The Company has evaluated accounts receivable, which consists of commission and compliance administrative fees, and concluded that there is no need to establish an allowance for credit losses. The Accounts Receivable balance at December 31 , 2021 and 202 was \$195,987 and \$181 ,250 respectively. #### Income Taxes The Company is a single-member limited liability company and is considered a disregarded entity for federal income tax purposes. The Company's taxable income or loss is reportable on the member's income tax return. #### Note 3 - Regulatory Requirements As a registered broker-dealer, the Company is subject to the net capital provisions of Rule15c3-1 of the Securities Exchange Act of 1934, which requires that the Company's aggregate indebtedness shall not exceed fifteen times net capital, as defined, under such provisions. At December 31 , 2021 , the Company had net capital of \$535,27 4 which exceeded requirements by \$520,411. The ratio of aggregate indebtedness to net capital was .42 to 1. {7}------------------------------------------------ # T Capital Funding, **LLC** Notes to Financial Statement December 31 , 2021 ## Note 4 - Related Party Transactions The Company reimburses the Member for certain expenses including its allocable share of payroll and benefits, accounting and bookkeeping services and certain administrative expenses. The Company owes \$102,226 to affiliates at December 31 , 2021 , which is included in Due to Affiliates on the Statement of Financial Condition. ### Note 5 - Lease The Company amended its lease agreement with a related party for its office space in December 2021 . The amended lease calls for the lease to continue to be a month-to-month basis and can be cancelled by the Company at any point with 30 days' notice. The lease expires December 31 , 2022 and cannot be extended by the Company or related party. The lease calls for monthly lease payments of \$1 ,577. The Company recognizes and measures its leases in accordance with FASB ASC 842, Lease. As the amended lease is month to month, the Company's recognizes the lease as a short-term lease and expensed on a straight-line basis. ## Note 6 - Contingencies and Credit Risk The Company is subject to litigation in the normal course of business. The Company has no litigation in progress at December 31 , 2021. The cash and cash equivalents are held by one financial institution and, therefore, are subject to credit risk to the extent those balances exceed applicable Federal Deposit Insurance Corporation ("FDIC") limitations. The Company has not experienced any losses in such accounts and does not believe there to be any significant credit risk with respect to these accounts. #### Note 7 - Subsequent Events Management has performed an evaluation of events that have occurred subsequent to December 31 , 2021 , and through February 24, 2022, the date these financial statements were available to be issued. #### Note 8 - Economic Risks COVID-19 continues to follow a pattern of seasonality, with intermittent waves of increased positivity and the emergent of new variants, creating continued uncertainty surrounding the future impacts of the virus to financial markets and the financial services industry as a whole. The Company, however, has determined that there is no immediate measurable impact on the statement of financial condition and therefore, no adjustments have been made. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.