# CUE CAPITAL LIMITED PARTNERSHIP X-17A-5 (2020-02-25) — Broker-dealer annual report - Company: CUE CAPITAL LIMITED PARTNERSHIP - Form: X-17A-5 - Filed: 2020-02-25 - Period: 2019-12-31 - Accession: 0001298623-20-000001 - 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/1298623/000129862320000001/cuecapitalfs2019shortv2.pdf --- {0}------------------------------------------------ # Cue Capital Limited Partnership Statement of Financial Condition December 31, 2019 {1}------------------------------------------------ | UNITED STATES | | | | |------------------------------------|--|--|--| | SECURITIES AND EXCHANGE COMMISSION | | | | | Washington, D.C. 20549 | | | | | 0MB APPROVAL | | | | |--------------------------------------|-----------------|--|--| | 0MB Number: | 3235-0123 | | | | Expires:
Estimated average burden | August 31, 2020 | | | | hours oer response | 12.00 | | | # **ANNUALAUDITED REPORT FORM X-17 A-5 PART** Ill SEC FILE NUMBER **8-66599** **FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange** Act of 1934 and Rule **17a-5** Thereunder | REPORT FOR THE PERIOD BEGINNING | __ ~ 0~1~/0~1/=2~01~9 | | ____ AND ENDING __ ~1=2/~3~1/=2~01~9~--- | | | |-------------------------------------------------------------------------------------------------------|---------------------------------|--------------------------------|------------------------------------------|--|--| | | MM/DD/YY | | MM/DDIYY | | | | A. REGISTRANT IDENTIFICATION | | | | | | | NAME OF BROKER-DEALERS: | CUE CAPITAL LIMITED PARTNERSHIP | | OFFICIAL USE ONLY
FIRM 1.0. NO. | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)
2000 S. BAYSHORE DRIVE, SUITE 71 | | | | | | | (No. and Street) | | | | | | | MIAMI | FL | | 33133 | | | | (City) | (State) | | (Zip Code) | | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT | | | | | | | GEORGE SKOURAS | | (305) 290-4013 | | | | | | | (Area Code - Telephone Number) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | | | RAPHAEL GOLDBERG NIKPOUR COHEN & SULLIVAN CPA'S PLLC | | | | | | | (Name - if individual, state last, first, middle name) | | | | | | | 97 FROEHLICH FARM BLVD | WOODBURY | NY | 11797 | | | | (Address) | (City) | (State) | (Zip Code) | | | | CHECK ONE: | | | | | | | Certified Public Accountants
l&l | | | | | | | □ Public Accountant | | | | | | | □ Accountant not resident in United States or anv of its possessions. | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | \*Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(e)(2) > **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.** SEC 1410 (06-02) {2}------------------------------------------------ ### **OATH OR AFFIRMATION** George Skouras , swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of CUE CAPITAL LIMITED PARTNERSHIP , as of December 31 , 2019, are true and correct. I further swear (or affirm) that neither the company 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 Exceptions ~Notary Public This report\*\* contains (check all applicable boxes): - t&l (a) Facing Page. - t&l (b) Statement of Financial Condition. - □ (c) Statement of Income (Loss). - □ (d) Statement of Changes in Financial Condition. - □ (e) 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. - □ U) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule 15c3-1 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. - 00 (I) An Oath or Affirmation. - □ (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. - □ (o) Exemption Report pursuant to Securities and Exchange Commission Rule 17a5(d)(4) \*\* For conditions of confidential treatment of certain portions of this filing, see section 240. 17a-5(e)(3). Signature Managing Partner Title {3}------------------------------------------------ # **Cue Capital Limited Partnership Table of Contents December 31, 2019** | Page(s) | | |------------------------------------------------------------|--| | Report of Independent Registered Public Accounting Firm 1 | | | Financial Statement | | | Statement of Financial Condition 2 | | | Notes to Financial Condition 3-5 | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) **CERTIFIED PUBLIC ACCOUNT ANTS PLLC** Mark C. Goldberg CPA Mark Raphael CPA Floria Samil•Nikpour CPA Allan B. COhen CPA Michael R. Sullivan CPA Anita C. Jacobsen CPA #### Founding Partner: Melvin Goldberg CPA # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Partners of Cue Capital Limited Partnership #### **Opinion on the Financial Statement** " We Company") have audited (a limited the partnersh accompanying statement of financial condition of Cue Capital Limited Partnership (the our opinion, the statement of ip), as of December 31 , 2019, and the related notes to the financial statement. In Capital Limited Partnership as financial of December condition presents fairly, in all material respects, the financial position of Cue in the United States of America 31, 2019, in conformity with accounting principles generally accepted . #### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility opinion on the Company Is to express an the Public Company Accounting 's financial Oversight statement based on our audit. We are a public accounting firm registered with with respect to Board (United States) ("PCAOB") and are required to be independent regulations of the the Securities Company and in Exchange accordance with the U.S. federal securities laws and the applicable rules and Commission and the PCAOB. perform We conducted the audit our audit to obtain in accordance with the standards of the PCAOB. Those standards require that we plan and misstatement, whether due reasonable assurance about whether the financial statement is free of material material misstatement of to error or fraud. Our audit included performing procedures to assess the risks of respond to those risks the financial statement, whether due to error or fraud, and performing procedures that disclosures in the financia . Such procedures included examining, on a test basis, evidence regarding the amounts and significant estimates made by l statement. management Our audit also included evaluating the accounting principles used and We believe that our audit , as well as evaluating the overall presentation of the financial statement. 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 24, 2020 {5}------------------------------------------------ # **Cue Capital Limited Partnership Statement of Financial Condition December 31 , 2019** | Assets
Assets
Cash and cash equivalents
Prepaid expenses
Property and equipment, net
Other assets | \$
69,525
24,880
6,556
1,551 | |------------------------------------------------------------------------------------------------------------------|------------------------------------------| | Total Assets | \$
102,512 | | Liabilities and Partners' Capital
Liabilities
Accounts payable and accrued expenses | \$
27,471 | | Partners' Capital | 75,041 | | Total Liabilities and Partners' Capital | \$
102,512 | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ ### **1. Organization 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. 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. #### **2. Summary of Significant Accounting Policies** #### *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"). ### *Use 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 financial 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. {7}------------------------------------------------ # Summary of Significant Accounting Policie (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, 2019. The fair value of accounts payable is estimated by management to approximate their carrying value at December 31, 2019. #### *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 | | | Leasehold improvements | 15 Years | | The Partnership periodically assesses the recoverability of the carrying amounts of longlived 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 flows 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, 2019. #### *Income Taxes* No provision for federal and state income taxes has been recorded because the Partnership is a single member limited liability company. Accordingly, the individual member reports the Partnership's income or loss on their income tax returns. {8}------------------------------------------------ ## **3. Property and Equipment** Property and equipment at December 31, 2019 are as follows: | Furniture & fixtures | \$
10,982 | |--------------------------------|--------------| | Computer Equipment | 18,521 | | | 29,503 | | Less: accumulated depreciation | (22,947) | | | \$
6,556 | #### **4. Concentration of Credit Risk** The 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. #### **5. Commitments** The Partnership leased office space on a month-to-month basis through August 31, 2019. Beginning September 1, 2019, the Partnership moved to a home office and has no commitments for the year ended December 31, 2019. #### **6. Net Capital Requirements** The Partnership is subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires the maintenance of minimum net capital 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. At December 31, 2019, the Partnership's net capital was \$42,054, which was \$37,054 in excess of its minimum requirement of\$5,000 under SEC Rule 15c3-l. The Partnership's net capital ratio was 0.65 to 1. The Partnership does not handle cash or securities on behalf of customers. Therefore, the Partnership is exempt from the SEC Rule 15c3-3. #### **7. Subsequent Events** Subsequent events have been evaluated through February 24, 2020, the date the financial statements were available to be issued. There have been no subsequent events requiring recognition or disclosure in the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.