# VIEW PARTNERS CAPITAL LLC X-17A-5 (2023-02-09) — Broker-dealer annual report - Company: VIEW PARTNERS CAPITAL LLC - Form: X-17A-5 - Filed: 2023-02-09 - Period: 2022-12-31 - Accession: 0001426856-23-000001 - CIK: 1426856 - File #: 8-67828 - Type: Broker-dealer - Material weakness: No - Auditor: Withum Smith & Brown, PC - Auditor location: New York, NY - Contact: Howard Spindel - Phone: 212-897-1688 - Email: hspindel@integrated.solutions - Website: integrated.solutions - Signed by: Ruslan Chilov (Managing Director) Original filing: https://www.sec.gov/Archives/edgar/data/1426856/000142685623000001/vp23s.pdf --- {0}------------------------------------------------ OMB APPROVAL UNITED STATES OMB Number: 3235-0123 SECURITIES AND EXCHANGE COMMISSION Expires: Oct. 31, 2023 Washington, D.C. 20549 Estimated average burden hours per response: 12 ANNUAL SEC FILE NUMER REPORTS 8- 67828 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 12/31/22 FILING FOR THE PERIOD BEGINNING 01/01/22 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: View Partners Capital LLC TYPE OF REGISTRANT (check all applicable boxes): Broker-dealer - O Security-based swap dealer - O Major security-based swap participant □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 575 Madison Avenue (No. and Street) 10022 NY New York (Zip Code) (State) (City) PERSON TO CONTACT WITH REGARD TO THIS FILING (212) 897-1688 hspindel@integrated.solutions Howard Spindel (Area Code - Telephone Number) (Email Address) (Name) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* WithumSmith+Brown PC (Name - if individual, state last, first, and middle name) 10018 1411 Broadway, 23rd Floor New York NY (State) (Zip Code) (Address) (City) 100 10/08/2003 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, 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)(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. {1}------------------------------------------------ #### AFFIRMATION I. Ruslan Chilov swcar (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to View Patners Capital LLC as of 12/31/22/2017 11: as of 12/31/22/2017 11: 11/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1 true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. V Chilov Signature Managing Director Title Notary Public Sarah A. Tecla Notary Public, State of New York Reg. No. 01TE6444790 Qualified in New York County Commission Expires December 5, 2026 {2}------------------------------------------------ ## **This filing\*\* contains (check all applicable boxes):** - [El (a) S1atement of financial condition. - [El (b) Notes ro unconsolidated or consolidated statement of financial condition. as applicable. D (c) Statement or 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 (d) Statement of cash nows. - 0 (e) Statement of changes in stockholders· or partners· or members· or sole proprietor's equity. as applicable. - D (f) S1atemem of changes in liabilities subordinated to claims of creditors. - D (g) Notes to unconsolidated or consolidated financial statements,. as applicable. - D (h) Computation or net capital under 17 CFR 240.1 ScJ-1 or 17 CFR 240. I 8a-l. as applicable. - D (i) Compmation of tangible net worth under 17 Cl·R 240.1 Sa-2. - D li) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (k) Computation for dctennination of security-based S\\ ap reserve requin:ments pursuant to Exhibit B lo 17 CFR 240.15c3- 3 or Exhibit A to 17 CFR 240.18a-4. as applicable. - D (I) Computation for Determination of PAB Requirements under Fxhibit A to§ 240. I 5c3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240. I ScJ-3. - D (n) Information rdating to possession or control requirements for securit)-based swap customers under 17 CFR 240.15c3- 3(p)(2) or 17 crR 240.1 Sa-4. as applicable. - D (o) Reconciliations. including appropriate explanations. of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-I. 17 CFR 240. I 8a- l. or 17 CFR 240. I 8a-2. as applicable. and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.1 Sa-4, a-; applicable, if material di nerences exist. or a staremenr that no material differences e,ist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement or financial condition. - [El (q) Oath or aflirrnation in accordance with 17 CFR 240. I 7a-5. 17 CFR 240. I 7a-12. or 17 CFR 240.18a-7. as applicable. - D (r) Compliance report in accordance with 17 CFR 240. I 7a-5 or 17 CFR 240.18a-7, as applicable. - D (s) Fxernption report in accordance with 17 CFR 240. I 7a-5 or 17 CFR 240.18a-7. as applicable. - [El Ct) Independent public accountant's report based on an examination of the statement of financial condition. D (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CT· R 240.17a-5. 17 (FR 240. I 8a-7. or 17 CF R 240. I 7a-12. as applicable. - D (v) Independent public accountant"s report based on an examination of certain statements in the compliance report undl!r 17 CFR 240. I 7a-5 or 17 CFR 240.1 Sa-7. as applicable. - D (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240. l 7a-5 or 17 CfR 240. 18a-7. as applicable - D (x) Supplemental reports on applying agreed-upon procedures. 111 accordance with 17 CFR 240. I 5c3-1 e or 17 CFR '240.17a- I *'2.* as applicable. - D (}) Report dcc;cribang any material inadequacies found to exist or found to have existed since the date of the previous audit. or a statement thal no material inadequacies e,ist, under 17 CFR 240. I 7a-12(k). D (z) Other:-------------------------------------- - *\*\*To request cm1/ide11tial tr,wtmellf Equipment (less accumulated depreciation of \$3,360)
Other assets | \$
496,751
1,681
28,279 | |------------------------------------------------------------------------------|----------------------------------| | Total assets | \$
526,71 I | | Liabilities and Member's Equity | | | Accrued liabilities | \$
II | | Member's equity | 526,700 | | Total liabilities and member's equity | \$
526,71 I | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ ## **Notes to Financial Statement December 31, 2022** #### **1. Nature of Operations** View Partners Capital LLC (the ·'Company") is a broker-dealer registered with the Securities and Exchange Commission (the "SEC") and a member of the Financial Industry Regulatory Authority ("FIN **RA").** The Company engages in investment banking services, such as private placement of securities and merger and acquisition advisory services for corporate customers. The Company's sole member is View Partners LLC. #### **2. Summary of Significant Accounting Policies** #### **Basis of Presentation** This financial statement was prepared in conformity with accounting principles generally accepted in the United States of America ('"GAAP") which 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 statement. Actual results could differ from these estimates. #### **Revenue Recognition** The revenue recognition guidance of Accounting Standards Codification ("ASC") Topic 606, *Revenue from Contracts with Customers,* 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 Company provides financing and mergers and acquisitions advisory services. Revenue from advisory arrangements is generally recognized at the point in time that performance under the arrangement is completed (the closing date of the transaction) or when the contract is cancelled. However, for certain contracts, revenue is recognized over time for advisory arrangements in which the performance obligations are simultaneously provided by the Company and consumed by the customer. In some circumstances, significant judgment is needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. Additionally, revenue is recognized once the fee is determinable and collection of the related receivable is reasonably assured. If future collectability from a customer appears uncertain, previously received amounts will be recognized. Expenses directly associated with such transactions are deferred until the related revenue is recognized or the engagement is otherwise concluded. The total advisory fees of \$2, I 38,608 for the year ended December 31 , 2022, were recognized at a point in time. {7}------------------------------------------------ **Notes to Financial Statement December 31, 2022** #### **2. Summary of Significant Accounting Policies (continued)** #### **Revenue Recognition (continued)** At December 31, 2022, the Company had no receivables from customers. The Company may receive non-refundable advisory fees from customers that exceed revenue earned, resulting in contract liabilities. There were no beginning and ending balances of accounts receivable, contract assets or contract liabilities as of January 1, 2022 or December 31, 2022. #### **Credit Losses** ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. The allowance for credit losses is based on the Company's expectation of the collectability of financial instruments, including fees and other receivables utilizing the CECL framework. The Company considers factors such as historical experience, credit quality, age of balances, and current and future economic conditions that may affect the Company's expectation of the collectability in determining the allowance for credit losses. The Company's expectation is that the credit risk associated with fees and other receivables is not significant until they are 90 days pasL due based on the contractual arrangement and expectation of collection in accordance with industry standards. There are no receivables at December 31, 2022 and therefore, no allowance for credit losses was deemed necessary. #### **Income Taxes** The Company is a single member limited liability company and treated as a disregarded entity for income tax reporting purposes. As such, income or loss of the Company, in general, is allocated to the member for inclusion in its income tax return. Accordingly, the Company has not provided for federal. state, or local income taxes. As of December 31, 2022, management has determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination will always be subject to ongoing reevaluation as facts and circumstances may require. #### **Translation of Foreign Currency** Assets and liabilities expected to settle in foreign currencies are translated into United States dollar amounts at the year-end exchange rates. Transactions denominated in foreign currencies, mainly income and expenses, are translated into United States dollar amounts on the transaction date. Adjustments arising from foreign currency translations and transactions are reflected in the statement of operations. #### **Fixed Assets** Fixed assets are recorded at cost, net of accumulated depreciation, which is calculated on a straightline basis over their estimated useful lives of three years. {8}------------------------------------------------ # **Notes to Financial Statement December 31, 2022** #### **3. Regulatory Requirements** The Company is subject to Securities and Exchange Commission ("SEC") Uniform Net Capital Rule I 5c3-1 under the Securities Exchange Act of 1934, which 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. At December 31, 2022, the Company had net capital of \$496,740 which exceeded the required net capital by \$491 ,740. The Company does not handle cash or securities of customers. Accordingly, it does not have any reserve requirements nor any obligation relating to possession or control with respect to SEC Rule 15c3-3. #### **4. Commitments** The Company has a month-to-month lease with its landlord and occupies office space pursuant to a cancelable lease agreement. The lease may be cancelled if either party gives two month's written notice of its intent to terminate, otherwise it renews at a rate of \$2,000 per month plus pro-rata building escalation charges. ### **5. Off-Balance Sheet Risk and Concentration of Credit Risk** The Company maintains its cash balances at one financial institution, and at times, these balances could exceed federally insured limits. The Company has not experienced any losses in such accounts and does not believe there to be any significant credit risk with respect to these deposits. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.