# CAPITAL CITY SECURITIES, LLC X-17A-5 (2026-06-16) — Broker-dealer annual report - Company: CAPITAL CITY SECURITIES, LLC - Form: X-17A-5 - Filed: 2026-06-16 - Period: 2025-12-31 - Accession: 0001420522-26-000001 - CIK: 1420522 - File #: 8-67771 - Type: Broker-dealer - Material weakness: No - Auditor: HHH CPA Group - Auditor location: Columbus, OH - Contact: Todd Crawford - Phone: 6144853108 - Email: tecrawford@capitalcitypartners.com - Website: capitalcitypartners.com - Signed by: Todd Crawford (President) Original filing: https://www.sec.gov/Archives/edgar/data/1420522/000142052226000001/x17.pdf --- {0}------------------------------------------------ **QMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** ## **ANNUAL REPORTS FORM X-17A-5 PART III** **OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12** **SEC FILE NUMBER** 8-67771 | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
FILING FOR THE PERIOD BEGINNING | FACING PAGE
01/01/2025
AND ENDING
MM/DD/YY | 12/31/2025
MM/DD/YY | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------|------------------------------------|--| | A. | REGISTRANT IDENTIFICATION | | | | Capital
NAME OF FIRM: | LLC
City
Securities
, | | | | TYPE OF REGISTRANT (check all
applicable boxes):
Major security-based swap participant
Security-based swap dealer
E
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.) | | | | | | Drive
3789
Attucks | | | | | (No. and Street) | | | | Powell | Ohio | 43065 | | | (City) | (State) | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | (614)
485-3108
Todd
Crawford | | tecrawford@capitalcitypartners.com | | | (Name) | (Area Code — Telephone Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained
in this filing*
LLC
Group
CPA
HHH
, | | | | | | (Name -if individual, state last,first,and middle name) | | | | Road
Old
Henderson
1250 | Columbus | Ohio
43220 | | | (Address)
21
December
, | (City)
2010 | (Zip Code)
(State)
5344 | | | (PCAOB Registration Number,if applicable)
(Date of Registration with PCAOB)(if applicable)
FOR OFFICIAL USE ONLY | | | | \* 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 240.17a-5(e)(l)(ii),if applicable. **Persons who are to respond to the collection of information contained in this form are notrequired to respond unless the form displays a currently valid OMB control number.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** Todd Crawford *,* **swear (or affirm) that, to the best of my knowledge and belief, the as of ort pertaining to the firm of** Capital City Securities, LLC **financial** **is true and correct. I further swear (or affirm) that neither the company nor any 9026** *3JSI Match* **partner, officer, director, or equivalent persqq\*** *pfie* **case may be, has any proprietary interest in any account classified solely as that of a customer.** *Stote ° lMlo* \* Q: **Signature:** *-c* "3 *: fmnkhh W* c *' i l j z* OF CvV C ^*Ncrtnnj Riblic* **This filing\*\* contains (check all applicable boxes):** - 9 (a) Statement of financial condition. - B(b) Notes to consolidated statement of financial condition. - 9 (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). - 9 (d) Statement of cash flows. - 9 (e) Statement of changes in stockholders'or partners'or sole proprietor's equity. - 9 (f) Statement of changes in liabilities subordinated to claims of creditors. - 9 (g) Notes to consolidated financial statements. - 9 (h) Computation of net capital under 17 CFR 240.15c3-lor 17 CFR 240.18a-l,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 appropriate explanations,of the FOCUS Report with computation of net capital or tangible net **worth under 17 CFR 240.15C3-1, 17 CFR 240.18d-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. - (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - 9 (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. - (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7,as applicable. - 9 (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (t) Independent public accountant's report based on an examination of the statement of financial condition. - 9 (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 240.18a-7,or 17 CFR 240.17a-12, as applicable. - D (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. - B (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. - 9 (x) Supplemental reports on applying agreed-upon procedures,in accordance with 17 CFR 240.15c3-leor 17 CFR 240.173-12, as applicable. - 9 (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 240.17a-12(k). - B(z) Other: - *\*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable***.** 53 **Title:** c: 0 President {2}------------------------------------------------ ![](_page_2_Picture_1.jpeg) ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES** To the Board of Directors of Capital City Securities, LLC Powell, Ohio We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below and were agreed to by Capital City Securities, LLC and the SIPC, solely to assist you and SIPC in evaluating Capital City Securities, LLC's compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2024. Capital City Securities, LLC's management is responsible for its Form SIPC-7 and for its compliance with those requirements. This agreed-upon procedures engagement was conducted in accordance with standards established by the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and our findings are as follows: - Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences; **1)** - Compared the Total Revenue amount reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2024 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2024, noting no differences; **2)** - Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; 3) - Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences; and 4) - Compared the amount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences. 5) {3}------------------------------------------------ We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on Capital City Securities, LLC's compliance with the applicable instructions of the Form SIPC-7 for the year ended December 31, 2024. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of Capital City Securities, LLC and the SIPC and is not intended to be and should not be used by anyone other than these specified parties. *LL2025 & 2024** | | | 2025 | 2024 | |---------------------|----------------------------------------------------------|-----------|-----------| | ASSETS | | | | | Cash | | \$22,844 | \$4,188 | | | Restricted cash and equivalents | 50,000 | 50,000 | | | | | | | Total Cash | | 72,844 | 54,188 | | | Fees Receivable Direct Business | 7,323 | 12,326 | | | Receivable from broker-dealers and clearing organization | 3,175 | 49,903 | | | Accounts receivable -
related party | 636,890 | 474,107 | | | employees
Accounts receivable - | 16,650 | 17,224 | | Other Assets | | 13,569 | 13,431 | | | Total Current Assets | 750,451 | 621,179 | | Long Term Assets | | | | | | | \$750,451 | \$621,179 | | | EQUITY
LIABILITIES AND MEMBERS' | | | | Accounts Payable | | \$17,274 | \$16,125 | | | Commission Payable | 28,151 | 31,182 | | Other Liabilities | | 191 | 614 | | | Total Current Liabilities | 45,616 | 47,921 | | Long Term | Liabilities | | | | Total Liabilities | | 45,616 | 47,921 | | Members' | Equity: | | | | Contributed Capital | | 205,000 | 205,000 | | Retained Earnings | | 499,835 | 368,258 | | Total Members' | Equity | 704,835 | 573,258 | | | | \$750,451 | \$621,179 | {5}------------------------------------------------ # **CAPITAL CITY SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 3 1, 2025 AND 2024** {6}------------------------------------------------ #### **DECEMBER 31, 2025 AND 2024** #### Note 1 -Summary of Significant Accounting Policies #### A. Organization Capital City Securities, LLC (the Company) was formed as a limited liability company in the State of Ohio in August 2006. The Company has been operating as a broker-dealer registered with the Securities and Exchange Commission (SEC) and the State of Ohio Securities Division since May 29, 2008; it is a member of the Financial Industry Regulatory Authority, Inc.(FINRA). The Company does not hold customer funds or safe-guard customer securities and clears all transactions on a fully disclosed basis through its clearing firm. As of December 31, 2025, the Company is licensed in 27 states, including Alaska, Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Michigan, Maryland, New York, North Carolina, New Jersey, Nevada, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, West Virginia and Virginia. Management's Estimates B. > The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect 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 revenue and expenses during the reporting period. Actual results could differ from those estimates. C. Cash The Company maintains cash balances at one bank, one money market account and on deposit with FINRA. The cash balance in the bank was under the federally insured limit of \$250,000 as of December 31, 2025. For purposes of the statement of cash flows, the Company considers all cash in checking accounts, money market accounts and held at FINRA to be cash equivalents. #### D. Concentration of Credit Risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and commissions receivable. The Company places its cash with high credit quality financial institutions, which at times may be in excess of FDIC insurance limits. The Company's receivables represent commissions from completed securities trades and monies owed it from licensed securities representatives for charges incurred at the firm. All customer transactions are cleared through another broker-dealer on a fully disclosed basis. {7}------------------------------------------------ #### **DECEMBER 31, 2025 AND 2024** #### Note 1-Summary of Significant Accounting Policies- #### E. Advertising Costs Advertising costs are expensed when incurred. Advertising costs were \$277 and \$301 in 2025 and 2024, respectively. Advertising is included in other expenses. #### F. Securities Transactions and Revenue Recognition Securities transactions, commissions and related clearing expenses are reported on a trade date basis. The change in the resulting difference between cost and market is included in net trading profits in the statement of income. The Company's activities are transacted on either a cash or margin basis. Margin transactions are subject to various regulatory and internal margin requirements and are collateralized by cash and securities in the Company's accounts. Commission expense is also recorded on a trade-date basis as security transactions occur. #### G. Accounts receivable Accounts receivable are stated at the amount billed. Management individually reviews all receivable balances and based on an assessment of current creditworthiness, estimates the portion, if any, of the balance that will not be collected. In the opinion of the management, all receivables are considered collectable and no allowance was necessary at December 31, 2025. #### H. Deposit with Clearing Organization The deposit with clearing organization consists of \$50,000 on deposit with RBC pursuant to the Company's clearing agreement. As long as the Company continues to use the clearing and execution services of RBC, the Company is required to maintain this fund on deposit. #### Government and Other Regulations **I.** The Company's business is subject to significant regulation by various governmental agencies and self-regulatory organizations. Such regulation includes, among other things, periodic examinations by these regulatory bodies to determine whether the Company is conducting and reporting its operations in accordance with the requirements of these organizations. As a registered broker-dealer, the Company is subject to the SEC's Net Capital Rule 15c3-l which requires that the Company maintains a minimum net capital, as defined [see note 3], (Continued) {8}------------------------------------------------ ### **DECEMBER 31, 2025 AND 2024** #### Note 2 — Reserve Requirements The Company is not obligated to report under SEC Rule 15c3—3 since it does not maintain customer accounts or hold securities. All customer transactions are cleared through another broker—dealer on a fully disclosed basis. Therefore, the Company does not have a reserve requirement nor does it have any information relating to the possession or control requirement under Rule 15c3—3. #### Note 3 —Net Capital Requirements (Schedules I and ID Under SEC Rule 15c3—1, the Company is required to maintain net capital of not less than the greater of 6.67% of total aggregate indebtedness liabilities, exclusive of subordinated debt, for the year ended December 31, 2025, \$3,043, or \$5,000. At December 31, 2025 the Company's net capital as defined by SEC Rule 15c3—1 was \$32,726 in excess of the minimum net capital required. In addition to the minimum net capital provision, SEC Rule 15c3—1 requires that the Company maintain a ratio of aggregate indebtedness, as defined, to capital, of not more than 15 to 1. At December 31, 2025 the ratio was 1.21 to 1. #### Note 4—Related Party Transactions Capital City Securities, LLC is one of four subsidiaries of the parent company Capital City Partners, Inc. (CCP). Certain expenses are incurred by CCP, which then bills the four subsidiaries based on direct consumption. The expenses relating to these transactions are wages, insurance, rent, utilities, and office expenses. These services accounted for \$27,224 in expenses during the year. During the year, CCP also received \$0 in distributions. #### Note 5—Income Taxes The Company is recognized as a "pass—through entity" under the Internal Revenue Code and pays no federal and state taxes. The parent company is taxed individually on the Company's taxable income. The Company recognizes and disclosures uncertain tax positions in accordance with accounting principles generally accepted in the United States of America. As of and during the year ended December 31, 2025, the Company did not have a liability for unrecognized tax benefits.The Company is no longer subject to examination by federal and state taxing authorities for returns filed prior to 2022. ### (Continued) {9}------------------------------------------------ ### **DECEMBER 31, 2025 AND 2024** #### Note 6—Pending Litigation The Company has no pending litigation. #### Note 7 -Recent Accounting Pronouncement The Company adopts all applicable, new accounting pronouncements as of the specified effective dates. #### Note 8 -Subsequent Events Management has reviewed all events subsequent to December 31, 2025, up to the date of audit report (March 31, 2026) and has not encountered any subsequent events that affect the current financial statements or that require additional disclosure. #### Note 9 -Contingencies The Company may enter into agreements that contain certain representations and warranties and which provide general indemnifications. The Company serves as a guarantor of such obligations. The Company's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. The Company expects any risk of liability associated with such indemnifications to be remote. As of December 31,2024, the Company has not accrued for any such claims or other contingencies. In the ordinary course of business, the Company is also subject to regulatory examinations, information gathering requests, inquiries and investigations. As a registered broker-dealer, the Company is subject to regulation by the SEC, the FINRA, and state securities regulators. In connection with formal and informal inquiries by those agencies, the Company receives numerous requests, subpoenas and orders for documents, testimony, and information in connection with various aspects of its regulated activities. #### Note 10-Reportable Segment Disclosure The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including principal transactions, agency transactions, investment banking, investment advisory, and venture capital businesses. The Company has identified its Chief Executive Office 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 did not derive any significant revenue from any single customer. (Continued) {10}------------------------------------------------ #### **DECEMBER 31, 2025 AND 2024** #### Note 11 -Revenue From Contracts With Customers #### Significant Judgements Revenue from contracts with customers includes commissions and fees from advisory services. The recognition and measurement of revenue is based on the assessment of individual contract terms. The Company did not have any significant judgements in its revenues from contracts with customers for the year ended December 31, 2025. #### Commissions The Company buys and sells securities on behalf of its customers. Each time a customer enters into a buy or sell transaction, the Company charges the customer a commission. Commissions and related clearing expenses are recorded on trade date. The Company believes that the performance obligation is satisfied on settlement date because that is when all parties have agreed to price and execution, and all monies and securities have settled in the contra accounts and ownership of said monies and securities have transferred fully. #### Advisory Fees The Company provides advisory services on managed assets. Revenue for advisory services is recognized on a continual basis. The Company believes the performance obligation for providing advisory services is satisfied over time because the customer is receiving and consuming the benefits as they are provided by the Company. Fees are based on a percentage of clients' assets under management. Fees are received either monthly or quarterly and are recognized as revenue in the month or quarter that relates specifically to the services provided in that period, which are distinct from the services provided in other periods. #### Costs to Obtain or Fulfill a Contract with a Customer The Company may record as an asset certain costs incurred to obtain revenue contracts with its customers, such as sales commissions paid to employees for obtaining new contracts with clients. These costs are amortized to expense over the period of time that the services are expected to be provided to the customer. There were no such assets between January 1, 2025 and December 31, 2025. #### Disaggregation of Revenue | Brokerage | \$
451,221 | | | |------------------------|---------------|---------|--| | Trails | | 118,506 | | | Mutual Funds | 43,683 | | | | Annuities | 26,631 | | | | Other | 59,252 | | | | \$
Total
Revenue | 699,293 | | | {11}------------------------------------------------ #### **DECEMBER 31, 2025 AND 2024** #### (Continued) #### Note 12 -Receivables and Allowance for Credit Losses Receivables are uncollateralized broker obligations and advisory fees receivable due under normal trade terms requiring payment within 30 days from the report date. The Company generally collects receivables within 30 days and does not charge interest on receivables with invoice dates over 30 days old. The carrying amount of receivables is reduced by a valuation allowance that reflects management's best estimate of the amounts that will not be collected. FASB ASC 326-20 requires the Company to estimate expected credit losses over the life of its financial assets and certain off-balance sheet exposures as of the reporting date based on relevant information about past events, current conditions, and reasonable and supportable forecasts. Additionally, management estimates an allowance for the aggregate remaining receivables based on historical collectability. In the opinion of management, at December 31, 2025, all receivables were considered collectible and have been collected prior to this report. The Company's receivables from broker-dealers and clearing organizations include amounts receivable from unsettled trades, including amounts related to futures and options on futures contracts executed on behalf of customers, amounts receivable for securities failed to deliver, accrued interest receivables and cash deposits. A portion of the Company's trades and contracts are cleared through a clearing organization and settled daily between the clearing organization and the Company. Because of this daily settlement, the amount of unsettled credit exposures is limited to the amount owed the Company for a very short period of time. The Company continually reviews the credit quality of its counterparties {12}------------------------------------------------ | Securities,
Capital
City
LLC | | | |--------------------------------------------------|-------------------|-----------| | OF
STATEMENTS
OPERATIONS | | | | 31,
For
the
years
ending
December | 2025
&
2024 | | | | 2025 | 2024 | | :
Revenues | | | | Commissions | \$640,041 | \$538,465 | | Other
Income | 59,252 | 56,266 | | Revenues
Total | 699,293 | 594,731 | | | | | | :
Expenses | | | | Commissions | 377,115 | 297,066 | | Clearing
House
Charges | 66,070 | 67,555 | | Dues
and
Subscriptions
Licenses, | 5,613 | 11,329 | | Fees
Professional | 71,060 | 45,739 | | Insurance | 20,635 | 18,089 | | Office
Rent | 7,625 | 7,341 | | Other | 19,599 | 25,710 | | Expenses
Total | 567,717 | 472,829 | | Net
Income | \$131,576 | \$121,902 | {13}------------------------------------------------ # Capital City Securities, LLC STATEMENTS OF CASH FLOWS | Years Ending | 31, | |--------------|------| | For | 2025 | | the | & | | December | 2024 | | | 2025 | 2024 | | |-------------------------------------------------------------------------|-----------|-----------|--| | Activities:
Cash
flows
from
Operating | | | | | Income
Net | \$131,576 | \$121,902 | | | to
Adjustments
to
reconcile
Net
Income
Net
Cash | | | | | activities:
from
operating | | | | | (Increase)
Decrease
in
: | | | | | Fees
Receivable | 5,004 | 9,814 | | | and
clearing
organization
Receivable
from
broker-dealers | 46,728 | -36,178 | | | -
related
Accounts
Receivable
party | -162,783 | -159,994 | | | Accounts
Receivable
-
employees | 574 | 4,898 | | | Other
Assets | -138 | 56 | | | (Decrease)
in
Increase
: | | | | | Payable
Accounts | 1,149 | -1,385 | | | Commission
Payable | -3,031 | -8,292 | | | Other
Liabilities | -423 | 4 | | | Total Adjustments | -112,920 | -191,077 | | | Operating
Activities
Net
Cash
From | 18,656 | -69,175 | | | Activities:
Investing
flows
from
Cash | | | | | Activities:
from
Financing
Cash
flows | | | | | Contributions | | | | | Distributions | | | | | Cash
From
Financing
Activities
Net | | | | | (Decrease)
in
Cash
Net
Increase | 18,656 | -69,175 | | | at
beginning
of
period
Cash
and
Restricted
Cash | 54,188 | 123,363 | | | at
of period
and
Cash
end
Cash
Restricted | \$72,844 | \$54,188 | | | Disclosures:
Supplemental | | | | | Interest
Paid | -
\$ | -
\$ | | | Taxes Paid
Income | \$ - | -
\$ | | {14}------------------------------------------------ | Capital
City | LLC | | |---------------------------------------|--------------------------|------------------------------------| | STATEMENTS
OF | EQUITY
MEMBERS'
IN | | | For
the
Years
Ending | &
2024
31,
2025 | | | | | | | | 2025 | 2024 | | Contributed
Capital
: | | | | of
Year
Balance | \$205,000 | \$205,000 | | | | | | Contributions | | | | at End
of
Year
Balance | \$205,000 | \$205,000 | | Retained
Earnings: | | | | at Beginning
of
Year
Balance | \$368,258 | \$246,356 | | Net
Income | 131,576 | 121,902 | | Contributions | | | | Distributions | | | | End
of
Year
Balance
at | \$499,834 | \$368,258 | | Members'
Total
Equity | \$704,834 | \$573,258 | | | at Beginning | Securities,
CHANGES
December | {15}------------------------------------------------ #### **CAPITAL CITY SECURITIES.LLC** #### **As of December 31, 2025** #### Schedule I Computation of Net Capital Under Rule 15c31of the Securities and Exchange Commission | Total ownership equity qualified | | |----------------------------------|-----------| | for net capital | \$704,835 | | Increase (Decrease) | | | | | | |---------------------|-----------------------------------------------------------------|---------------------------------------------------|---------|---------|----------| | | Non-allowable assets | | | | | | | | Accounts receivable -related party | | 636,890 | | | | | Accounts receivable -employee | | 16,650 | | | | Other assets | | | 13,569 | -667,109 | | | | | | | | | | | | | | | | | Haircuts on securities | | | | | | | Audited Net Capital | | | | \$37,726 | | | /3% of Aggregate Indebtedness
6 2 | | | | 3,043 | | | Minimum Net Capital Requirement-Greater of \$5,000 or 6 2/3% of | | | | | | | | Aggregate Indebtedness | | | 5,000 | | | Excess Net Capital | | | | 32,726 | | | Net capital less the greater of 120% of the Minimum Net | | | | | | | | Capital Requirement (\$6,000),or 10% of Aggregate | | | | | | Indebtedness | | \$4,562 | | \$31,726 | | | | | | | | {16}------------------------------------------------ | \$17,274 | |----------| | 28,151 | | 191 | | \$45,616 | | \$37,726 | | 1.21 | | | #### **Schedule III** **Reconciliation with Company's Computation of Net Capital as Included in Part IIA of Form X-17A-5** > Total ownership equity qualified for net capital \$704,835 \$ - increase (Decrease) Non-allowable assets | 667.109 | |-----------------------------| | | | | | | | 37,726 | | 37,726 | | 636,890
16,650
13,569 | Statement on Exemotion from Computation of Reserve Requirement and Information for Possession or Control Requirements Under Rule 15c3-3 of The Securities and In accordance with the exemptive provision of SEC Rule I5c3-3, specifically exemption k(2)(ii), the Company is exempt from computation of a reserve requirement and the information relati< {17}------------------------------------------------ ![](_page_17_Picture_1.jpeg) ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors of Capital City Securities, LLC Powell, Ohio ### **Opinion on the Financial Statements** We have audited the accompanying statements of financial condition of Capital City Securities, LLC (an Ohio limited liability corporation) as of December 31, 2025 and 2024, and the related statements of operations, changes in member's equity and cash flows for the years then ended, and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of Capital City Securities, LLC as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years 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 Capital City Securities, LLC's management. Our responsibility is to express an opinion on Capital City Securities, LLC'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 Capital City Securities, LLC 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 financialstatements. We believe that our audit provides a reasonable basis for our opinion. {18}------------------------------------------------ #### **Supplemental Information** The schedule of Computation of Net Capital Under Rule 15c3-l of the Securities and Exchange Commission, Schedule of Aggregate Indebtedness, Reconciliation with Company's Computation of Net Capital as Included in Part IIA of Form X-17A-5 , and Statement on Exemption from Computation of Reserve Requirement and Information for Possession or Control Requirements Under Rule 15c3-3 of The Securities and Exchange Commission have been subjected to audit procedures performed in conjunction with the audit of Capital City Securities, LLC's financial statements. The supplemental information is the responsibility of Capital City Securities, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the Computation of Net Capital Under Rule 15c3-l of the Securities and Exchange Commission, Schedule of Aggregate Indebtedness, Reconciliation with Company's Computation of Net Capital as Included in Part IIA of Form X-17A-5, and Statement on Exemption from Computation of Reserve Requirement and Information for Possession or Control Requirements Under Rule 15c3-3 of The Securities and Exchange Commission are fairly stated, in all material respects, in relation to the financial statements as a whole. *HUH as# <-Lc~* HHH CPA Group, LLC We have served as Capital City Securities, LLC"s auditor since 2011. Columbus, Ohio March 31, 2026 {19}------------------------------------------------ #### **on Exemption from Computation of Reserve Requirement and Information for Possession or Control Requirements Under Rule 15c3-3 of The Securities and Exchange Commission** In accordance with the exemptive provision of SEC Rule 15c3-3, specifically exemption k(2)(ii), the Company is exempt from computation of a reserve requirement and the information relation to the possession or control requirements. IHHNBIB;. {20}------------------------------------------------ # **SEC Rule 15c3-3 Exemption Report** Board of Directors Capital City Securities, LLC Capital City Securities, LLC (the Company) is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 CFR 240.17a-5- "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 CFR 240.17a-5(d)(l) and (4). To the best of its knowledge the Company states the following: The Company is exempt from Rule 17 CFR 15c3-3 under provision (k)(2)(ii) of Rule 15c3-3 of the Securities Exchange Act of 1934. The Company met the identified exemption provision identified above throughout the most recent fiscal year ended December 31, 2025, without exception. Capital City Securities, LLC I, Todd Crawford swear (or affirm ) that, to my best knowledge and belief, this Exemption Report is true and correct. Todd Crawford President March 30, 2026 {21}------------------------------------------------ ![](_page_21_Picture_1.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors of Capital City Securities, LLC Powell, Ohio We have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 Exemption Report, in which (1) Capital City Securities, LLC identified the following provisions of 17 C.F.R. §15c3-3(k) under which Capital City Securities, LLC claimed an exemption from 17 C.F.R. §240.15c3-3: (2)(ii) (the "exemption provisions") and (2) Capital City Securities, LLC stated that Capital City Securities, LLC met the identified exemption provisions throughout the most recent fiscal year without exception. Capital City Securities, LLC's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Capital City Securities, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in paragraph (k) (2)(ii)) of Rule 15c3-3 under the Securities Exchange Act of 1934. *fifth tSfl Gs> ^ , ( - Lc~* HHH CPA Group, LLC Columbus, Ohio March 31, 2026 {22}------------------------------------------------ #### **GENERAL ASSESSMENT FORM** For the fiscal year ended 12/31/2025 | | | Determination of"SIPC NET Operating Revenues" and General Assessment for:
MEMBER NAME
LLC
SECURITIES
CAPITAL
CITY | SEC No.
8-67771 | | |---|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|---------------| | | | 1/1/2025
and ending
For the fiscal period beginning | 12/31/2025 | | | | | Total Revenue (FOCUS Report-Statement of Income (Loss)-Code 4030) | | \$ 677,084.00 | | 1 | | | | | | 2 | | Additions: | | | | | | a Total revenues from the securities business of subsidiaries (except foreign
subsidiaries) and predecessors not included above. | | | | | | b Net loss from principal transactions in securities in trading accounts. | | | | | | c Net loss from principal transactions in commodities in trading accounts. | | | | | | d Interest and dividend expense deducted in determining item 1. | | | | | | e Net loss from management of or participation in the underwriting or
distribution of securities. | | | | | f | Expenses other than advertising, printing, registration fees and legal fees
deducted in determining net profit management of or participation in
underwriting or distribution of securities. | | | | | | g Net loss from securities in investment accounts. | | | | | h | Add lines 2a through 2g. This is your total additions. | | \$ 0.00 | | 3 | | Add lines 1 and 2h | | \$ 677,084.00 | | 4 | | Deductions: | | | | | | a Revenues from the distribution of shares of a registered open end investment
company or unit investment trust, from the sale of variable annuities, from the
business of insurance,from investment advisory services rendered to
registered investment companies or insurance company separate accounts
and from transactions in security futures products. | \$ 320,919.00 | | | | | b Revenues from commodity transactions. | | | | | | c Commissions, floor brokerage and clearance paid to other SIPC members
in connection with securities transactions. | \$ 46,996.00 | | | | | d Reimbursements for postage in connection with proxy solicitations. | | | | | | e Net gain from securities in investment accounts. | \$ 1,794.00 | | | | f | 100% commissions and markups earned from transactions in (I) certificates
of deposit and (ii) Treasury bills, bankers acceptances or commercial paper
that mature nine months or less from issuance date. | | | | | | g Direct expenses of printing, advertising, and legal fees incurred in connection
with other revenue related to the securities business (revenue defined by
Section 16(9)(L) of the Act). | | | | | h | Other revenue not related either directly or indirectly to the securities business.
Deductions in excess of \$100,000 require documentation | \$ 57,461.00 | | | 5 | | a Total interest and dividend expense (FOCUS Report -
Statement
Code 4075 plus line 2d above) but
of Income (Loss) -
not in excess of total interest and dividend income | | | | | | b 40% of margin interest earned on customers securities accounts
Statement of Income (Loss) -
(40% of FOCUS Report -
Code 3960) | | | | | | c Enter the greater of line 5a or 5b | \$ 0.00 | | | 6 | | Add lines 4a through 4h and 5c. This is your total deductions. | | \$ 427,170.00 | {23}------------------------------------------------ SIPC-7 37 REV 0722 SIPC-7 37 REV 0722 #### **GENERAL ASSESSMENT FORM** For the fiscal year ended 12/31/2025 | 7 | 3.
Subtract line 6
Operating Revenues.
from line
This is
your SIPC Net
Multiply line 7
.0015.
by
This is your General
Assessment. | | | | \$ 249,914.00
\$ 374.00 | |--------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|------------------------------|--------------|----------------------------| | 8 | | | | | | | 9 | Current overpayment/credit balance,
if any | | | | \$ 0.00 | | 10
11
b | General assessment from
a Overpayment(s) applied on
Any other | 2025
SIPC-6
or 6A
last filed
2025
and 6A(s)
SIPC-6
all
overpayments applied | \$ 0.00
\$ 0.00 | \$ 124.00 | | | c | All payments applied for 2025
lines 11a
d Add | and 6A(s)
SIPC-6
through 11c | \$ 124.00 | \$ 124.00 | | | 12 | LESSER of line 10 | 11d.
or | | | \$ 124.00 | | 13
a | Amount
from line 8 | | | \$ 374.00 | | | b | \$ 0.00
Amount from line 9 | | | | | | c | Amount from line 12 | | | \$ 124.00 | | | d | Subtract lines 13b | 13a.
and
13c
from
This is | your assessment balance due. | | \$ 250.00 | | 14 | Interest (see | 0
instructions)
late at
20%
per
for
days | annum | | \$ 0.00 | | 15 | Amount you owe | 14.
SIPC.
Add lines 13d
and | | | \$ 250.00 | | 16 | Overpayment/credit carried forward (if
applicable) | | | | \$ 0.00 | | SEC
8-67771 | No. | Designated Examining Authority
DEA:
FINRA | FYE
2025 | Month
Dec | | | MEMBER
NAME
MAILING
ADDRESS | | CAPITAL
CITY
SECURITIES
LLC
3789
ATTUCKS
DR
POWELL,
OH
43065
UNITED
STATES | | | | **Subsidiaries (S) and predecessors (P) included in the form (give name and SEC number)** By checking this box, you certify that you have the authority of the SIPC member to sign this I—I form; that ail information in this form is true and complete; and that on behalf of the SIPC member, you are authorized, and do hereby consent, to the storage and handling by SIPC of the data in accordance with SIPC's Privacy Policy | CAPITAL
CITY
SECURITIES
LLC | TODD
CRAWFORD
EDWARD | | |--------------------------------------|------------------------------------|--| | of
(Name
SIPC Member) | (Authorized
Signatory) | | | 2/21/2026 | tecrawford@capitalcitypartners.com | | (Date) (e-mail address) Completion of the "Authorized Signatory" line will be deemed a signature. *This form and the assessment payment are due 60 days after the end of the fiscal year.* Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.