# CUE CAPITAL LIMITED PARTNERSHIP X-17A-5/A (2025-06-12) — Broker-dealer annual report - Company: CUE CAPITAL LIMITED PARTNERSHIP - Form: X-17A-5/A - Filed: 2025-06-12 - Period: 2024-12-31 - Accession: 0001298623-25-000002 - CIK: 1298623 - File #: 8-66599 - Type: Broker-dealer - Material weakness: No - Auditor: Rodefer Moss & Co, PLLC - Auditor location: Knoxville, TN - Contact: George Skouras - Phone: 516 816 6000 - Email: gskouras@cuecapital.net - Website: cuecapital.net - Signed by: George Skouras (Managing Partner) Original filing: https://www.sec.gov/Archives/edgar/data/1298623/000129862325000002/cuecapitallppublic2024.pdf --- {0}------------------------------------------------ # Cue Capital Limited Partnership Statement of Financial Condition December 31, 2024 {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 sec file number 8-66599 ### ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING\_12/31/2024 filing for the period beginning 01/01/2024 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION ## NAME OF FIRM: CUE CAPITAL LIMITED PARTNERSHIP TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) ## 2000 S. BAYSHORE DRIVE, SUITE 9 | MIAMI | | | | | |------------------------------------------------------------------------------------------------------|------------------------------------------------------------|-------------------------|-----------------|--| | | ﻠ | | 33133 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | George Skouras | 516 816 6000 | gskouras@cuecapital.net | | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Rodefer Moss & Co, PLLC | (Name - if individual, state last, first, and middle name) | | | | | | | | | | | 608 Mabry Hood Road | Knoxville | TN | 37932 | | | (Address) | (City) | (State) | (Zip Code) | | | 11/14/2023 | | 910 | | | \* Claims for exemption from the requirement that the annual 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-5(e)(1)(ii), if applicable. 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 OMB control number. {2}------------------------------------------------ #### OATH OR AFFIRMATION George Skouras . swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of CUE CAPITAL LIMITED PARTNERSHIP 12/31 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ partner, officer, director, or equivalent person, as the case may proprietary interest in any account classified solely as that of a customer. > MARYROSE MERCADO NOTARY PUBLIC, STATE OF NEW YORK Registration No. 01ME6423025 Qualified in Queens County Qualmed in Gueens October 4, 20 25 | any proprietal y interest in any account classified Je | |--------------------------------------------------------| | Signature: OFASTOCK as | | | Title: Managing Partner Notary Public #### This filing\*\* contains (check all applicable boxes): - = (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - □ (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). - □ (d) Statement of cash flows. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - \_ (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (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. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including apropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 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. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.18a-7, as applicable. - | - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | - □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (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. - | as applicable. - \_ (y) Report describing any material inadequacies found 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). - □ (z) Other: - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(2), as applicable. {3}------------------------------------------------ ### Cue Capital Limited Partnership Table of Contents December 31, 2024 | | Page(s) | |---------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | | | Financial Statement | | | Statement of Financial Condition | | | Notes to Financial Condition | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) Report Of Independent Registered Public Accounting Firm To the Partners of Cue Capital, LP #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Cue Capital, LP (the "Partnership") as of December 31, 2024, and the related notes to the financial statements. In our opinion, the financial statements present fairly, in all material respects, the financial position of Cue Capital, LP as of December 31, 2023, and the results of its operations and its cash flows for then ended in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion These financial statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on the Partnership's financial statements 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 Partnership 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 statements are 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 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 audit 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 that our audit provides a reasonable basis for our opinion. Rodefer Moss & Co, PLLC We have served as Cue Capital, LP's auditor since 2023. Johnson City, Tennessee February 20, 2025 {5}------------------------------------------------ ### Cue Capital Limited Partnership Statement of Financial Condition December 31, 2024 | Assets | | | |---------------------------------------------------------------------------------------------------------------|-------|-----------------| | Cash and cash equivalents | સ્ત્ર | 64,994 | | Prepaid expenses | | 14,963 | | Due from managing partner | | 23,860 | | Property and equipment, net | | 4,283 | | Total Assets | ಲ್ಲಾ | 108,100 | | Liabilities and Partners' Capital
Liabilities
Deferred Revenue
Accounts payable and accrued expenses | ക്ക | 7,500
29,226 | | Total Liabilities | | 36,726 | | Partners' Capital | | 71,374 | | Total Liabilities and Partners' Capital | ക | 108,100 | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ # ! "#\$%&'(%)'\*&%&+,%)-#.\*/0-1'&.11 2342567859:7;784<=5>8?4>@A76B8A4C=5>8?4>@A76DEF5@GH>;4KLMNNOPQA4 65>8?4>@A767@5J>HR4>S<4594>>4T7@84>47874@5?HG8A4X7?5?U759Y?<3@8>Z[4T3958H>Z\38AH>78ZBCXY][\DE 5?<8A4I4U3>7874@Y?^4@8H>=>H84U87H?2H>6H>587H?BCIY=2DEP QA4=5>8?4>@A76\_@H64>587H?@UH?@7@86>7;5>79ZHG7?8>H<3U7?T945<7?T7?@878387H?597?^4@8H>@ 8HG3?<;5?5T4>@8A58;5R46>7^5844`378ZL>4594@85845??H?S8>5<787H?597?^4@8;4?8@P QA4=5>8?4>@A7659@H6>H^7<4@5<^7U48HG3?<;5?5T4>@>4T5><7?TF5Z@8H7;6>H^48A47> ;48AH<@HG>57@7?TU567859P QA4=5>8?4>@A76\_@G4<4>59L@85845?<9HU5985W>483>?@5>4@3Ja4U88H6H@@7J944W5;7?587H?JZ 8A485W7?T538AH>7874@3?8794W67>587H?HG8A4>49584<@858384@HG97;78587H?@H?8AH@485W >483>?@PY?T4?4>59L8A4G4<4>595?<@85847?UH;485W>483>?@A5^458A>44Z45>@858384HG 97;78587H?@PQA42H;65?ZFH39<>4UHT?7b45UU>34<7?84>4@85?<64?59874@5@@HU7584857?85W6H@787H?@L7G5?ZL5@65>8HG8A47?UH;485W6>H^7@7H?P ! c-dd%#e\*/c'\$&'/'f%&)gff\*-&)'&\$h\*i'f'.1 ## jklmlnopqrlrstktmns QA4G7?5?U759@8584;4?8@A5^4J44?6>465>4<7?UH?GH>;78ZF78A5UUH3?87?T6>7?U7694@ T4?4>599Z5UU4684<7?8A4u?7847U5BCuPIPv\\=DEP ## wlrnoxltmyktrl QA46>465>587H?HGG7?5?U759@8584;4?8@7?UH?GH>;78ZF78AuPIPv\\=>4`37>4@;5?5T4;4?8 8H;5R44@87;584@5?<5@@3;687H?@8A585GG4U88A4>46H>84<5;H3?8@HG5@@48@5?<975J797874@ 5?<<7@U9H@3>4HGUH?87?T4?85@@48@5?<975J797874@588A4<584HG8A4G7?5?U759@8584;4?8@5?< >46H>84<5;H3?8@HG>4^4?34@5?<4W64?@4@<3>7?T8A464>7H4@398@UH39<<7GG4> G>H;8AH@44@87;584@P #### zkl{ks|zkl{x}~mkrstl 25@AUH?@7@8@HG<46H@78@F78AJ5?R@PXH>63>6H@4@HG8A4@8584;4?8HGU5@AG9HF@L8A4 =5>8?4>@A76UH?@7<4>@5@@AH>884>;LA7TA9Z97`37<7?^4@8;4?8@63>UA5@47T7?59 ;583>78ZHG8A>44;H?8A@H>94@@8HJ4U5@A4`37^594?8@P #### kmqk~rnomsksmksltq~yrstl QA4=5>8?4>@A76\_@G7?5?U7597?@8>3;4?8@UH?@7@8HGU5@A5?^5934HGU5@A5?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, 2024. #### Revenue Recognition The Partnership recognizes advisory revenues in accordance with the provisions of the respective agreements. The Partnership adopted FASB ASC 606, Revenue from Contracts with Customers. The revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five step model to (a) identify the contract(s) with a customer. (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. The revenue recognition guidance does not apply to revenue associated with financial instrument, {8}------------------------------------------------ ### 2. Summary of Significant Accounting Policies (Continued) #### Revenue Recognition (Continued) interest income and expense, leasing and insurance contracts. The Partnership earns revenue by way of transaction placement fees that are recognized at the point in time that performance under the arrangement is completed. The Partnership has determined that this date is the appropriate point in time to recognize revenue for placement fees as the performance obligation has been satisfied, there are no sigmificant actions which the Partnership needs to take subsequent to this date and the purchaser obtains the control and benefit of the proceeds at that point. Payment for revenue is due upon closing. The Company had deferred revenue totaling \$7,500 from one contract as of December 31, 2024. The revenue will be recognized at a point in time, when performance obligation are satisfied. #### Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize all leases with a term greater than 12 months on the balance sheet through a right of use asset and a lease liability and the disclosure of key information pertaining to leasing arrangements. At the year ended December 31, 2024, no agreements or arrangements existed that would be classified as an operating lease under the adopted guidance. #### Segment Reporting The Company follows ASC 280, Segment Reporting, including the adoption of the amendments to FASB ASU 2023-07.The Company is engaged in a single line of business as a securities broker-dealer, which is comprised advisory fees and private placements. The Company has identified Managing Partner 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 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. {9}------------------------------------------------ ### 2. Summary of Significant Accounting Policies (Continued) #### 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. #### 3. Property and Equipment Property and equipment at December 31, 2024 are as follows: | Furniture and fixtures | S | 18,126 | |--------------------------------|---|----------| | Computer Equipment | | 18,521 | | | | 36.647 | | Less: accumulated depreciation | | (32,364) | | | | 4,283 | #### 4. Due from Partner As of December 31, 2024, there is a balance in due from partner of approximately \$23,860 as presented in the Statement of Financial Condition. #### 5. Concentration of Credit Risk and Uncertainties 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. #### Commitments 6. The Partnership had no commitments for the year ended December 31, 2024. #### Net Capital Requirements 7. 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, 2024, the Partnership's net capital was \$28,268, which was \$23,268 in excess of its minimum requirement of \$5,000 under SEC Rule 15c3-1. The Partnership's net capital ratio was 1.30 to 1. 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. {10}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c" def2\*ge\*(0hi\*(02 H>W@5X>5;?5\5;?@4:\5W55;5\:E>:?5C?4B7>Y4?45C:?57A?45D;C595;C5;?:>CD?7B@B597B? :;CF5B5:\:DE:WE5?7W5D@@>5CU345B54:\5W55;;7@>W@5X>5;?5\5;?@B5X>DBD;YB5=7Y;D?D7; 7BCD@=E7@>B5D;?45AD;:;=D:E@?:?585;?@U Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.