# JSVC, LLC X-17A-5 (2023-11-21) — Broker-dealer annual report - Company: JSVC, LLC - Form: X-17A-5 - Filed: 2023-11-21 - Period: 2023-09-30 - Accession: 0001332469-23-000001 - CIK: 1332469 - File #: 8-67006 - Type: Broker-dealer - Material weakness: Yes - Auditor: DeMarco Sciaccotta Wilkens & Dunleavy, LLP - Auditor location: Frankfort, IL - Contact: Mark Mukai - Phone: 8089316464 - Signed by: Mark Mukai (President) Original filing: https://www.sec.gov/Archives/edgar/data/1332469/000133246923000001/SHORTJSVCSEC.pdf --- {0}------------------------------------------------ # STATEMENT OF FINANCIAL CONDITION AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM SEPTEMBER 30, 2023 {1}------------------------------------------------ | | OMB APPROVAL | | | | | | | | | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|------------------------------------------------------------|---------|-----------------|--|--|--|--|--|--| | | OMB Number: 3235-0123 | | | | | | | | | | | | Expires: Oct. 31, 2023
Estimated averase burden | | | | | | | | | | | | hours per response: 12 | | | | | | | | | | | | | SEC FILE NUMBER | | | | | | | | | | | | 67006 | | | | | | | | | | | | PART Ill | | | | | | | | | | | | | | | | | | | | | | FACING PAGE
Information Required Pursuant to Rules 17a-S, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | | | | | | | AND ENDING 09/30/2023
FILING FOR THE PERIOD BEGINNING 10/01 /2022 | | | | | | | | | | | | | | MM/00/YY | | MM/00/YY | | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | | | | | | | | | | | | | | | | NAME OF FIRM: JSVC, LLC | | | | | | | | | | | | | | | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
ii | | | | | | | | | | | | D Major security-based swap participant
D Security-based swap dealer
Broker-dealer
0 Check here if respondent Is also an OTC derivative.s dealer | | | | | | | | | | | | | ! | • | | | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | | | | | 729 Elepaio St. | | | | | | | | | | | | | | (No. and Street) | | | | | | | | | | | Honolulu | HI | | 96816 | | | | | | | | (City) | | (State) | | (Zip Code) | | | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | | | | Mark Mukai | | (808)931-6464 | | | | | | | | | | (Name) | | (Area Code - Telephone Number) | | (Email Address) | | | | | | | | | | | | | | | | | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | | | | | | DeMarco Sciaccotta Wilkens & Dunleavy, LLP | | | | | | | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | | | 20646 Abbey Woods Ct. N, Ste. 201 | | Frankfort | IL | 60423 | | | | | | | | (Address) | | (City) | (State) | (Zip Code) | | | | | | | | 12/21/2010 | | | 5376 | | | | | | | | | (PCAOB Reeistration Number, if aoplicable)
(Date of Registration with PCAOB)(if aoollcable) | | | | | | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | • Oaims for exemption from the requirement that t he 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 )(ll), 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 airrently valid OMB control number. {2}------------------------------------------------ #### OATH OR AFFIRMATION | I, Mark Mukai | | swear (or affirm) that, to the best of my knowledge and belief, the | | | |----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|--|--| | financial report pertaining to t | he firm of Jsvc, LLC | as of | | | | September 30 | 2~ is true and correct. I further swear (or affirm) that neither the company nor any | | | | | as that of a customer.
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BED ND | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely
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Signature:
Joleen A. Estrera | | | | Title: | | · · o--
;-;:s:I:;i e:oires: t1AY 2 1 2025 | | | | |---------------|----------------------------------------------|--|--|--| | Notary Public | | | | | #### This filing•• contains (check all applicable boxes): - ~ (a) Statement of financial condition. - ~ (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). - :J (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 240.15c3-l or 17 CFR 240.lBa-l, as applicable. - 0 (i) Computation of tangible net worth under 17 CFR 240.lBa-2. - 0 0) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - 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.lSa-4, as applicable. - :J (I) Computation for Determination of PAB Requj,rements under Exhibit A to§ 240.1Sc3-3. - 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.lBa-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-l, 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.lBa-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. - ~ (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.lBa-7, as applicable. - ::J (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lBa-7, as applicable. - 0 (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lBa-7, as applicable. - ~ (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-5, 17 CFR 240.lBa-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-5or17 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.lBa-7, as applicable. - ::J (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - 0 (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 CFR 240.l 7a-12(k). 0(z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - ••ro 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. {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Member of JSVC, LLC ## Opinion on the Financial Statement We have audited the accompanying statement of financial condition of JSVC, LLC (the "Company") as of September 30, 2023, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of JSYC, LLC as of September 30, 2023 in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company'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 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 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 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. We have served as JSVC, LLC's auditor since 2005. Frankfort, Illinois November 2, 2023 {4}------------------------------------------------ # ST A TEMENT OF FINANCIAL CONDITION # SEPTEMBER 30, 2023 ### **ASSETS** **Cash** \$ **8 ,270** **8 , 270** **8 ,270** \$ \$ ## **MEMBER'S CAPITAL** **MEMBER' S CAPITAL** **TOTAL CAPITAL** The accompanying notes are an integral part of this financial statement. {5}------------------------------------------------ ## NOTES TO STATEMENT OF FINANCIAL CONDITION # YEAR ENDED SEPTEMBER 30, 2023 ### NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES Organization - JSVC, LLC (the "Company"), a limited liability company, was organized in the state of Delaware on October 24, 2003. The Company is registered as a broker/dealer with the Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority (FINRA). The Company's principal business activity is private placements. Basis of Presentation - The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). Recognition of Revenue - The Company follows the revenue recognition guidance that 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 the performance obligation. Concentration of Risk - The Company's cash is on deposit at one financial institution and the balance at times may exceed the federally insured limit. Due to the strong credit rating of this financial institution, the Company believes it is not exposed to any significant credit risk to cash. Leases - The Company recognizes and measures its leases in accordance with F ASB ASC 842, Leases. At September 30, 2023, the Company did not have any lease obligations. Estimates - The preparation of financial statements in conformity with 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. {6}------------------------------------------------ ## NOTES TO STATEMENT OF FINANCIAL CONDITION # YEAR ENDED SEPTEMBER 30, 2023 ### NOTE 2 - OPERA TING AGREEMENT Various terms, such as restrictions on changes in membership interest, etc., are contained in the operating agreement. Currently, the managing member is the sole member of the Company. Therefore, any events initiated by the managing member should not be restricted by any terms contained in the operating agreement. However, those considering the purchase of membership interests in the Company should read the operating agreement prior to making such an investment. ### NOTE 3 - INCOME TAXES As a limited liability company with only one member, the Company has elected to file as a sole proprietorship for federal income tax purposes. Income taxes are therefore the responsibility of the sole member of the Company. The Company accounts for any potential interest or penalties related to possible future liabilities for unrecognized income tax benefits as interest/other expense. The Company is no longer subject to examination by tax authorities for federal, state or local income taxes for periods before 2019. ### NOTE 4 - NET CAPITAL REQUIREMENTS As a registered broker/dealer and member of the Financial Industry Regulatory Authority, the Company is subject to the Uniform Net Capital Rule, which requires the maintenance of minimum net capital and requires that the ratio of aggregated indebtedness to net capital, both as defined, shall not exceed 1500%. At September 30, 2023, the Company's net capital and required net capital were \$8,270 and \$5,000 respectively. The ratio of aggregate indebtedness to net capital was 0%. ## NOTE5 - RELATEDPARTIES The sole member has provided administrative assistance and other services to the Company without reimbursement. {7}------------------------------------------------ ## NOTES TO STATEMENT OF FINANCIAL CONDITION # YEAR ENDED SEPTEMBER 30, 2023 ## NOTE6-SUBSEQUENTEVENT The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the financial statements were issued, noting none. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.