# NEW CENTURY CAPITAL PARTNERS, INC. X-17A-5 (2019-03-08) — Broker-dealer annual report - Company: NEW CENTURY CAPITAL PARTNERS, INC. - Form: X-17A-5 - Filed: 2019-03-08 - Period: 2018-12-31 - Accession: 0001432043-19-000001 - CIK: 1432043 - File #: 8-67873 - Material weakness: No - Auditor: Joseph Yafeh, CPA - Auditor location: Los Angeles, CA - Contact: Mark Salter - Phone: 310-415-8177 - Signed by: Mark Salter (President) Original filing: https://www.sec.gov/Archives/edgar/data/1432043/000143204319000001/dec18_audit_nccp2.pdf --- {0}------------------------------------------------ #### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: August 31, 2020 Estimated average burden hours per response . . . . 12.00 SEC FILE NUMBER 8-67873 ## ANNUAL AUDITED REPORT FORM X-17A-5 PART III #### FACING PAGE #### Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder | | | · 12/31/18 | |---------------------------------------------------------------------|-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | MM/DD/YY | | MM/DD/YY | | | | | | | | | | | | OFFICIAL USE ONLY | | New Century Capital Partners, Inc. | | | | | | | | | | | | | | | | | | | | | | (Zip Code) | | | | | | | | | | | | | | | | | | 11300 West Olympic Blvd, Ste 875, Los Angeles, CA 90064 | | | | (City) | | (Zip Code) | | | | | | | | | | | | | | | | | | Accountant not resident in United States or any of its possessions. | | | | | (No. and Street)
(State) | 01/01/18 AND ENDING
A. RECISTRANT DESTRICATION
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)
NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
(Area Code - Telephone No.)
B. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*
(Name - if individual, state last, first, middle name)
(State) | \* Claims for exemption from the requirement that the covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See section 240.17a-5(e)(2). SEC 1410 (06-02) {1}------------------------------------------------ #### OATH OR AFFIRMATION I, Mark Salter, swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statements and supporting schedules pertaining to the firm of New Century Capital Partners, Inc., as of December 31, 2018, are true and correct. I further swear (or affirm) that neither the Company nor any partner, proprietor, principal officer or director has any proprietary interest in any account class thed of a customer, except as follows: None Mark Salter, President ATTACHED otary Public #### This report contains (check all applicable boxes): (x) (a) Facing page. ( ) - Statement of Financial Condition. (x) (b) - Statement of Income (Loss). (x) (c) - Statement of Cash Flows. (x) (d) - - (e) Statement of Changes in Stockholders' Equity. (x) - (f) Statement of Changes in Subordinated Liabilities #### (not applicable) - (g) Computation of Net Capital (x) Pursuant to Rule 15c3-1 under the Securities Exchange Act of 1934. - (h) Computation for Determination of Reserve Requirements for Brokers and () Dealers Pursuant to Rule 15c3-3 under the Securities Exchange Act of 1934. (not applicable) - (i) Information Relating to the Possession or Control Requirements () for Brokers and Dealers Pursuant to Rule 15c3-3 under the Securities Exchange Act of 1934 (not applicable). - (x) (i) A Reconciliation, including Appropriate Explanations, of the Computation of Net Capital Under Rule 15c3-1 and the Computation for Determination of the Reserve Requirements Under Rule 15c3-3 - (k) A Reconciliation Between the Audited and Unaudited Consolidated Statements () of Financial Condition With Respect to Methods of Consolidation (not applicable). - An Oath or Affirmation. (x) (1) - (m) A Copy of the SIPC Supplemental Report. (x) - (n) Report on management's assertion letter regarding 15c3-3 Exemption Report (x) - (0) Management's assertion letter regarding 15c3-3 Exemption Report (x) {2}------------------------------------------------ | CALIFORNIA JURAT WITH AFFIANT STATEMENT | GOVERNMENT CODE 5 8202
to the second and consisted to the contract and commended and commended and commended and commended to | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | See Attached Document (Notary to cross out lines 1-6 below)
See Statement Below (Lines 1-6 to be completed only by document signer[s], not Notary) | | | | | | | | | | | | | | | | | | | | | | | | Signature of Document Signer No. 1 | Signature of Document Signer No. 2 (if any) | | | A notary public or other officer completing this certificate verifies only the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. | | State of California
County of Los Angeles | Subscribed and sworn to (or affirmed) before me | | | day of rebruany | | | Date
Month
Year
by | | | | | | (and (2) | | ALDO ALDANA
Notary Public - California | Name(s) of Signer(s) | | Los Angeles County
Commission # 2187222 | proved to me on the basis of satisfactory evidence | | My Comm. Expires Apr 15, 2021 | to be the person(s) who appeared before me. | | | | | | Signature
Signature of Notary Public | | | | | Seal | | | Place Notary Seal Above | OPTIONAL | | | Though this section is optional, completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document. | | Description of Attached Document | | | Title or Type of Document: ___________________________________________________________________________________________________________________________________________________ | Document Date: | | Number of Pages: _____________________________________________________________________________________________________________________________________________________________ | | ©2014 National Notary Association · www.NationalNotary.org · 1-800-US NOTARY (1-800-876-6827) · Item #5910 {3}------------------------------------------------ New Century Capital Partners, Inc. Report Pursuant to Rule 17a-5 (d) Financial Statements For the Year Ended December 31, 2018 {4}------------------------------------------------ #### Contents #### PART I | Report of Independent Auditor | l | |------------------------------------------------------------------------------------------------|---------| | Statement of Financial Condition | | | Statement of Income (Loss) | | | Statement of Changes in Shareholder's Equity | 2 W N | | Statement of Changes in Financial Condition | 5 | | Notes to Financial Statements | 6 - 9 | | SCHEDULES | | | Schedule I - Computation of Net Capital | | | Requirements Pursuant to Rule 15c3-1 | 10 - 11 | | Schedule II - Computation for Determination
of Reserve Requirements Pursuant to Rule 15c3-3 | 12 | | Schedule III - Information Relating to Possession or
Control Requirements under Rule 15c3-3 | 13 | | PART IT | | | Report of Independent Registered Public Accounting | | | Firm Regarding Rule 15c3-3 Exemption Report | 14 | | Rule 15c3-3 Exemption Report | 15 | {5}------------------------------------------------ # - !"# \$%&'()\*+,-.\*/\*012234 5526678'9:;<,=(9>08?@A,.\*BCD EF-&G+\*9\*-%&H6643 256I3CCIB5D6JKLM256I3CCIB5DN # OPQROSRTUVWPQPVWPVSOPXUYSPOPWQZ[\U]^]]RZVSUVXTUO\_ S`abc[`def`gWhecia`ejdkfYbdecb`lfcej `gVcm]ckaneo]dphadlQdeakcejqUkir # stuvuwvwvxyz{uv|v}u|~x|xzzvx Ubdcdnfhacfabcdii`pdkohkjadaccka`gghkdkihdli`kfhah`k`gVcm]ckaneo]dphadlQdeakcejqUkirdj`gWcicce qqabcecldacfjadaccka`gUki`cl`jjqjadaccka`gibdkcjhkjbdecb`lfcejcnhaoqdkfjadaccka`gibdkcj hkghkdkihdli`kfhah`kg`eabcocdeabckckfcfqdkfabcecldacfk`acjdkfjibcfnlcjrUko`phkh`kqabcghkdkihdljadacckaj pecjckagdheloqhkdlldacehdlecjpciajqabcghkdkihdlp`jhah`k`gVcm]ckaneo]dphadlQdeakcejqUkirdj`gWcicceq qdkfabcecjnlaj`ghaj`pcedah`kjdkfhajidjbgl`mjg`eabcocdeabckckfcfhki`kg`ehaomhabdii`nkahkpehkihplcj ckcedllodiicpacfhkabcZkhacfYadacj`g^cehidr # |uwstuvuwv Sbcjcghkdkihdljadacckajdecabcecjp`kjhhlhao`gVcm]ckaneo]dphadlQdeakcejqUkirjdkdcckar\_oecjp`kjhhlhaohj a`cpecjjdk`phkh`k`kVcm]ckaneo]dphadlQdeakcejqUkirjghkdkihdljadacckajdjcf`kodnfharUddpnlhi dii`nkahkgheechjacecfmhababcQnlhi]`pdko^ii`nkahkRcejhba[`defZkhacfYadacjQ]^R[dkfd ecnhecfa`chkfcpckfckamhabecjpciaa`Vcm]ckaneo]dphadlQdeakcejqUkirhkdii`efdkicmhababcZrYrgcfcedl jcinehahcjldmjdkfabcdpplhidlcenlcjdkfecnldah`kj`gabcYcinehahcjdkfPibdkc]`hjjh`kdkfabcQ]^R[r Ui`kfniacfodnfhahkdii`efdkicmhababcjadkfdefj`gabcQ]^R[rSb`jcjadkfdefjecnhecabdaUpldkdkfpceg`e abcdnfhaa``adhkecdj`kdlcdjjnedkicd`nambcabceabcghkdkihdljadacckajdecgecc`gdacehdlhjjadacckaq mbcabcefnca`cee`e`egednfr\_odnfhahkilnfcfpceg`ehkpe`icfnecja`djjcjjabcehjj`gdacehdlhjjadaccka`gabc ghkdkihdljadacckajqmbcabcefnca`cee`e`egednfqdkfpceg`ehkpe`icfnecjabdaecjp`kfa`ab`jcehjjrYnib pe`icfnecjhkilnfcfcdhkhkq`kdacjadjhjqchfckicecdefhkabcd`nkajdkffhjil`jnecjhkabcghkdkihdl jadacckajr\_odnfhadlj`hkilnfcfcdlndahkabcdii`nkahkpehkihplcjnjcfdkfjhkhghidkacjahdacjdfco dkdcckaqdjmclldjcdlndahkabc`cedllpecjckadah`k`gabcghkdkihdljadacckajrUclhccabdaodnfhape`hfcjd ecdj`kdlcdjhjg`eo`phkh`kr # tt~zzvx|~vw|xuwv Sbcjnpplcckadlhkg`edah`kqi`kjhjaj`gYibcfnlcjUqUUUUUqdkfbdjcckjnciacfa`dnfhape`icfnecjpceg`ecfhk i`knkiah`kmhababcdnfha`gVcm]ckaneo]dphadlQdeakcejqUkirjghkdkihdljadacckajrSbcjnpplcckadlhkg`edah`khj abcecjp`kjhhlhao`gVcm]ckaneo]dphadlQdeakcejqUkirjdkdcckar\_odnfhape`icfnecjhkilnfcffcacehkhk mbcabceabcjnpplcckadlhkg`edah`keci`kihlcja`abcghkdkihdljadacckaj`eabcnkfcelohkdii`nkahkdkf`abce eci`efjqdjdpplhidlcqdkfpceg`ehkpe`icfnecja`acjaabci`plcackcjjdkfdiinedio`gabchkg`edah`kpecjckacfhk abcjnpplcckadlhkg`edah`krUkg`ehko`phkh`k`kabcjnpplcckadlhkg`edah`kqUcdlndacfmbcabceabc jnpplcckadlhkg`edah`kqhkilnfhkhajg`edkfi`kackaqhjpecjckacfhki`kg`ehaomhab]rTrOrrdrUko `phkh`kqabcghkdkihdljadacckahjgdhelojadacfqhkdlldacehdlecjpciajqhkecldah`ka`abcghkdkihdljadacckajdjdmb`lcr UbdcjcecfdjVcm]ckaneo]dphadlQdeakcejqUkirjdnfha`ejhkicr \`j^kclcjq]dlhg`ekhd \_deibq {6}------------------------------------------------ ## New Century Capital Partners, Inc. Statement of Financial Condition December 31, 2018 #### Assets | Cash
Accounts Receivable | S
49,178
232,380 | |----------------------------------------------------------------------------------|------------------------| | Equipment (net of accumulated depreciation, \$59,930)
Security Deposit - rent | 27,538
2,600 | | Total Assets | S
311.696 | | Liabilities and Shareholder's Equity | | | Liabilities | | | Accounts Payable | S
233,133 | | Credit Card Payable | 8,955 | | Total Liabilities | 242.088 | | Shareholder's Equity | | | Common stock, authorized 1,000 shares, | | | \$50 par value, issued and outstanding 100 shares | 5,000 | | Paid in capital | 1,307,030 | | Retained deficit | (1,242,422) | | Total Shareholder's Equity | 69.608 | | Total Liabilities and Shareholder's Equity | સ્ત્ર
311,696 | {7}------------------------------------------------ ## New Century Capital Partners, Inc. Statement of Income (Loss) For the Year Ended December 31, 2018 | Revenue | | | |-------------|-----------------------------|---------------| | | Strategic Advisory | \$ 1,638,207 | | | Total Revenues | 1,638,207 | | Expenses | | | | Advertising | | 1,697 | | Auto | | 7,701 | | | Charitable contributions | 2,128 | | | Conference & study material | 1,000 | | Consulting | | 1,461,055 | | | Database research | 16,434 | | | Depreciation | 7,759 | | Dues | | 5,142 | | Insurance | | 26,084 | | | Miscellaneous | 4.584 | | | Office expense and supplies | 7,824 | | Parking | | 1,478 | | | Payroll taxes | 190 | | | Postage & delivery | 777 | | | Professional fees | 28,926 | | | Regulatory fees | 8,462 | | Rent | | 28,600 | | Telephone | | 5.367 | | | Travel & entertainment | 53,684 | | | Total Expenses | 1,668,892 | | | Loss Before Taxes | (30,685) | | | State Income Tax | 1,054 | | | Net Loss | S
(31.739) | {8}------------------------------------------------ ## New Century Capital Partners, Inc. Statement of Changes in Shareholder's Equity For the Year Ended December 31, 2018 | | Common
Stock
Shares | Common
Stock | Paid-In
Capital | Retained
Earnings
(Deficit) | Total | |----------------------------|---------------------------|-----------------|--------------------|-----------------------------------|-----------| | | | | | | | | Balance, December 31, 2017 | 100 | \$ 5.000 | \$1,237,030 | \$(1,186,486) | \$55,544 | | Capital Addition | | | 70,000 | | 70,000 | | Capital Distributions | | | | (24,197) | (24,197) | | Net Loss | | | | (31,739) | (31,739) | | | | | | | | | Balance, December 31, 2018 | 100 | \$ 5.000 | \$1.307.030 | \$(1,242,422) | \$ 69.608 | {9}------------------------------------------------ #### - !"#\$"% |




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Notes to Financial Statements December 31, 2018 #### Note 2 - Significant Accounting Policies (continued) Income Taxes -- The Company has elected to be taxed under the provisions of subchapter S of the Internal Revenue Code and comparable State of California statutes wherein the Company's taxable federal and state income is taxed directly to the shareholder. Additionally, the state of California imposes a 1-1/2% state franchise tax on the corporation's taxable income. The accounting principles generally accepted in the United State of America provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Company in its Federal and State organization tax returns are more likely than not to be sustained upon examination. The Company is subject to examinations by U.S. Federal and State tax authorities from 2015 to the present, generally for three years after they are filed. Depreciation - Depreciation is provided on a straight-line basis using estimated useful lives of five to ten years. Leasehold improvements are amortized over the lesser of the economic useful life of the improvement or the term of the lease. Statement of Changes in Financial Condition - The Company has defined cash equivalents as highly liquid investments, with original maturities of less than three months that are not held for sale in the ordinary course of business. #### New Accounting Standards Not Yet Adopted In February 2016, the FASB issued a new accounting pronouncement regarding lease accounting for reporting periods beginning after December 15, 2019. A lessee will be required to recognize on the balance sheet, the assets and liabilities for leases with lease terms of more than 12 months. Management is currently evaluating the effect this pronouncement will have on the financial statements and related disclosures. #### Note 3 - Fair Value FASB ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified by FASB ASC 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: {12}------------------------------------------------ ## New Century Capital Partners, Inc. Notes to Financial Statements December 31, 2018 #### Note 3 - Fair Value (Continued) • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities the Company has the ability to access. · Level 2 inputs are inputs (other than quoted prices included within level 1) that are observable for the asset or liability, either directly or indirectly. · Level 3 inputs are unobservable inputs for the asset or liability and rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs should be developed based on the best information available in the circumstances and may include the Company's own data.) The following table presents the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2018. #### Fair Value Measurements on a Recurring Basis As of December 31, 2018 | Assets | Level 1 | Level 2 | Level 3 | Total | |---------------------|-----------|---------|---------|-----------| | Cash and securities | \$ 49.178 | | | \$ 49.178 | #### Note 4 - Net Capital Requirements The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC rule 5c3-1) 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. Net capital and aggregate indebtedness change day by day, but on December 31, 2018, the Company had net capital of \$17,857 which was \$1,718 in excess of its required net capital requirement of \$16,139. The Company's percentage of aggregate indebtedness to net capital was 1,355.70%. #### Note 5 - Provision for Income Taxes The Company is an S Corporation for federal income tax purposes. Consequently, federal income taxes are not payable by or provided for the Company. The shareholder is taxed individually on his share of the Company's earnings. The State of California requires corporations to pay a minimum \$800 tax or 1.50% tax on net profit. {13}------------------------------------------------ ## New Century Capital Partners, Inc. Notes to Financial Statements December 31, 2018 #### Note 6 - Commitments The Company entered into a lease with base monthly rent of \$2,400: 2019 Rent Commitment \$28,800 #### Note 7 - Exemption from the SEC Rule 15c3-3 The Company does not hold customer funds or securities and is exempt from SEC Rule 15c3-3 pursuant to exemptive provision (k)(2)(i). #### Note 8 - Subsequent Events Management has reviewed the results of operations for the period of time from its year end December 31, 2018 through the date the financial statements were issued, and has determined that no adjustments are necessary to the amounts reported in the accompanying combined financial statements nor have any subsequent events occurred, the nature of which would require disclosure. {14}------------------------------------------------ #### - - ! "# !\$%& |





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Y26O2/,-G2(0-GG62G-,2./72E,27/299,(/2,O-*.,-3 | H@RJJZKAU | | {15}------------------------------------------------ #### New Century Capital Partners, Inc. Non-Allowable Assets December 31, 2018 Non- Allowable Assets | Accounts receivable | \$ 21.613 | |---------------------|-----------| | Equipment | 27.538 | | Security deposit | 2.600 | | | | \$ 51,751 {16}------------------------------------------------ ## New Century Capital Partners, Inc. Schedule II - Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3 As of December 31, 2018 A computation of reserve requirement is not applicable to New Century Capital Partners, Inc. as the Company qualifies for exemption under Rule 15c3-3 (k)(2)(i). {17}------------------------------------------------ #### New Century Capital Partners, Inc. Schedule III - Information Relating to Possession or Control Requirements under Rule 15c3-3 As of December 31, 2018 Information relating to possession or control requirements is not applicable to New Century Capital Partners, Inc. as the Company qualifies for exemption under Rule 15c3-3 (k)(2)(i). {18}------------------------------------------------ #### Joseph Yafeh CPA, Inc. A Professional Accounting Corporation PCAOB Registered # 3346 11300 W. Olympic Blvd., Suite 875 Los Angeles CA 90064 310-477-8150 ~ Fax 310-477-8152 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM EXEMPTION REPORT REVIEW To the Board of Directors and Shareholders of New Century Capital Partners, Inc. I have reviewed management's statements, included in the accompanying Exemption Report Review, in which (1) New Century Capital Partners, Inc. identified the following provisions of 17 C.F.R. §15c3-3(k) under which New Century Capital Partners, Inc. claimed an exemption from 17 C.F.R. §240.15c3-3:k(2)(i) (the "exemption provisions") and (2) New Century Capital Partners, Inc. stated that New Century Capital Partners, Inc. met the identified exemption provisions throughout the most recent fiscal year without exception. New Century Capital Partners, Inc.'s management is responsible for compliance with the exemption provisions and its statements. My 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 New Century Capital Partners, Inc.'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 management's statements. Accordingly, I do not express such an opinion. Based on my review, I am 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)(i) of Rule 15c3-3 under the Securities Exchange Act of 1934. efely, CPA Joseph Y Los Angeles, California March 7, 2019 {19}------------------------------------------------ ![](_page_19_Picture_0.jpeg) 11 184 っている Marine on CA 90.10 I "ג' 17 מי 451 ₪13, .31n, ないと やつけず Fax #### Exemption Request Form January 31, 2019 Joseph Yafeh, CPA 11300 W. Olympic Blvd, Suite 875 Los Angeles, CA 90064 Re: SEA Rule 17a-5(d) (4) Exemption Report Dear Mr. Yafeh: Pursuant to the referenced rule, the following information is provided. Under its membership agreement with FINRA and pursuant to Rule 15c3-3(k), the Company conducts business on a fully disclosed basis and does not execute or clear securities transactions for customers. New Century Capital Partners met the (k)(2)(i) of Section 240.15c3-3 exemption for the period January 1, 2018 through December 31, 2018. Sincerely, Mark Salter V Founder and CEO New Century Capital Partners, Inc Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.