# CLASS VI SECURITIES, LLC X-17A-5 (2024-03-28) — Broker-dealer annual report - Company: CLASS VI SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-03-28 - Period: 2023-12-31 - Accession: 0001448682-24-000004 - CIK: 1448682 - File #: 8-68068 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company PA - Auditor location: Maitland, FL - Contact: Chris Younger - Phone: 303-243-5601 - Email: chris@classvipartners.com - Website: classvipartners.com - Signed by: Chris Younger (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1448682/000144868224000004/STMTFINCOND.pdf --- {0}------------------------------------------------ #### **67\$7(0(172)),1\$1&,\$/&21',7,21 AND REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** **DECEMBER 31, 202** The report is filed in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a **PUBLIC DOCUMENT.** {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ## ANNUAL REPORTS FORM X-17A-5 PART Ill OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 | SEC FILE NUMBER | | |-----------------|--| | 8-68068 | | FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING 01/01/23 AND ENDING 12/31/23 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM: Class VI Securities, LLC TYPE OF REGISTRANT (check all applicable boxes): E] Broker‐dealer Security‐based swap dealer Z] Check here if respondent is also an OTC derivatives dealer Major security‐based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) ## 101 University Blvd #400 | | (No. and Street) | | | | |---------------------------------------------------------------------------------------------------------------|-----------------------------------|-----------------|--------------------------------------------|--| | Denver | co | | 80206 | | | (City) | (State) | | (Zip Code) | | | WITH REGARD TO THIS FILING
PERSON TO CONTACT | | | | | | Chris
Younger | (303)
243-5601 | | chris@classvipartners.com | | | (Name) | (Area Code —
Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are
contained in this filing*
Ohab
Company,
and
PA | | | | | | (Name — if individual, state last, first, and middle name) | | | | | | Suite
100
E
Sybelia Ave,
130 | Maitland | FL | 32751 | | | (Address) | (City) | (State) | (Zip Code) | | | 28,
July
2004 | | 1839 | | | | (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 fa cts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a‐5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {2}------------------------------------------------ #### OATH OR AFFIRMATION I Chris Younger swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Class VI Securities, LLC as of 12/31 2023 is 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 so lely as that of a customer. ![](_page_2_Figure_4.jpeg) Signature: Title: Managing Member Notary Public #### This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in 5 210.1-02 of Regulation S‐X). - Ü (d) Statement of c ash flows. - (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - (f) Statement of changes in liabilities subordinated to claims of creditors. - (g) Notes to consolidated financial statements. - (h) Computation of net capital under 17 C FR 240.15c3-I or 17 C FR 240.18a‐I, as applicable. - (i) Computation of tangible net worth under 17 C FR 240.18a-2. - (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 C FR 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 C FR 240.18a-4, as applicable. - C] (l) Computation for Determination of PAB Requirements under Exhibit A to 5 240.15c3-3. - (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3 . - C] (n) Information relating to possession or control requirements for security‐based swap customers under 17 C FR 240.15c3-3(p)(2) or 17 C FR 2 40.18a-4, as applicable. - (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 C FR 2 40.15c3-1, 17 CFR 240.18a-1, or 17 C FR 2 40.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4 , as applicable, if material d ifferences exist, or a statement that no material differences exist. - (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 C FR 240.17a-5, 17 C FR 240.17a-12, or 17 CFR 2 40.18a-7, as applicable. - (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 C FR 240.18a-7, as applicable. - (s) Exemption report in accordance with 17 C FR 2 40.17a-5 or 17 C FR 240.18a-7, as applicable. - (t) Independent public accountant's report based on an examination of the statement of financial condition. - (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5 , 17 C FR 2 40.18a-7, or 17 C FR 240.17+12, as applicable. - (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17+5 or 17 CFR 240.18a-7, as applicable. - (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7 , as applicable. - (x) Supplemental reports on applying agreed‐upon procedures, in accordance with 17 CFR 240.15c3‐1e or 17 C FR 240.17a-12, as applicable. - (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). (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. {3}------------------------------------------------ ### **C O N T E N T S** | Report of Independent Registered Public Accounting Firm | 1 | |---------------------------------------------------------|---| | Financial Statements | | | Statement of Financial Condition | | | Notes to Financial Statements | 7 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) 100 E. Sybelia Ave. Suite 130 Maitland, FL 32751 Certified Public Accountants Email: pam@ohabco.com Telephone 407-740-7311 Fax 407-740-6441 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Members of Class VI Securities, LLC #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Class VI Securities, LLC as of December 31, 2023, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of Class VI Securities, LLC as of December 31, 2023 in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of Class VI Securities, LLC's management. Our responsibility is to express an opinion on Class VI Securities, LLC'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 Class VI 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 statement is free of material misstatement, whether due to error of fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or raud, 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 statiming, 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 Class VI Securities, LLC's auditor since 2021. Maitland, Florida March 25, 2024 {5}------------------------------------------------ #### **STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023** #### **ASSETS** | ASSETS | | | |------------------------------------------|--------------------|-----------------| | Cash and Cash Equivalents | | \$
4,942,297 | | Intercompany Receivable | | 590 | | Long-term Member Receivables | | 1,343,973 | | Property and Equipment - At Cost | | | | Office Furniture and Equipment | \$
- | | | Leasehold Improvements | 168,715
168,715 | | | Less: Accumulated Depreciation | 151,720 | | | Property and Equipment - Net | | 16,995 | | TOTAL ASSETS | | \$
6,303,855 | | LIABILITIES AND MEMBERS' EQUITY | | | | MEMBERS' EQUITY | | | | Retained Earnings | 6,267,286 | | | Accumulated other comprehensive income | 36,569 | | | TOTAL MEMBERS' EQUITY | | 6,303,855 | | TOTAL LIABILITIES AND
MEMBERS' EQUITY | | \$
6,303,855 | | | | | The accompanying notes are an integral part of the financial statements. {6}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¶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³5XOHF´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¶V EHOLHI WKDW DFFRXQWV UHFHLYDEOH DUHIXOO\ FROOHFWLEOH DQG ORQJOLYHG DVVHWV DUH UHFRYHUDEOH \$FWXDO UHVXOWV FRXOGGLIIHUIURPWKRVHHVWLPDWHV {7}------------------------------------------------ ### **&/\$669,6(&85,7,(6//&** #### **67\$7(0(172)),1\$1&,\$/&21',7,21 '(&(0%(5** #### **&RPSDQ\+LVWRU\8VHRI(VWLPDWHVDQG6LJQLILFDQW\$FFRXQWLQJ3ROLFLHV&RQW G** **5HYHQXH5HFRJQLWLRQ**(IIHFWLYH-DQXDU\WKH&RPSDQ\DGRSWHG\$6& 7RSLF*Revenue from Contracts with Customers* ³\$6&7RSLF´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heUHFRJQLWLRQDQGPHDVXUHPHQWRIUHYHQXHLVEDVHGRQWKHDVVHVVPHQWRILQGLYLGXDO FRQWUDFWWHUPV6LJQLILFDQWMXGJHPHQWLVUHTXLUHGWRGHWHUPLQHZKHWKHUSHUIRUPDQFH REOLJDWLRQVDUHVDWLVILHGDWDSRLQWLQWLPHRURYHUWLPHKRZWR DOORFDWHWUDQVDFWLRQSULFHVZKHUHPXOWLSOHSHUIRUPDQFHREOLJDWLRQVDUHLGHQWLILHGZKHQ WRUHFRJQL]HUHYHQXHEDVHGRQWKHDSSURSULDWHPHDVXUHRIWKH&RPSDQ\¶VSURJUHVV XQGHUWKHFRQWUDFWDQGZKHWKHUFRQVWUDLQWVRQYDULDEOHFRQVLGHUDWLRQVKRXOGEH DSSOLHGGXHWRXQFHUWDLQIXWXUHHYHQWV2XUSULQFLSDOVRXUFHRIUHYHQXHLVGHULYHGIURP FRPPLVVLRQIHHVPRUHIXOO\GHVFULEHGEHORZ *Commission Fee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cash eTXLYDOHQWVFRQVLVWHGRIDPRXQWVKHOGLQPRQH\PDUNHWIXQGV {8}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023 #### 1 Company History, Use of Estimates, and Significant Accounting Policies. (Cont'd.) Accounts Receivable. Accounts receivable are recorded when invoices are issued. Receivables are written-off when they are determined to be uncollectible. The allowance for doubtful accounts is estimated based on the Company's historical losses, the existing economic conditions, and the financial stability of its customers. The Company believes no allowance for doubtful accounts is necessary at December 31, 2023. Financial Instruments and Concentrations of Credit Risk. The Company's financial instruments include cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities. The fair value of these financial instruments approximates their carrying amounts based on current market indicators such as prevailing interest rates and their short-term nature. Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist primarily of cash equivalents, and accounts receivable. The Company periodically monitors its positions with, and the credit quality of, the financial institutions in which it maintains cash deposits. At times throughout the year, balances in various bank accounts may exceed Federally insured limits. The Company has not experienced any losses in such accounts. The Company performs ongoing credit evaluations of its customers and generally does not require collateral, as management believes they have collection measures in place to limit the potential for significant losses. At December 31, 2023, there are no Accounts Receivable. For the year ended December 31, 2023, approximately 68% of Revenue was generated from three customers. Property and Equipment. Property and equipment are recorded at cost. Property and equipment is depreciated on a straight-line basis over the estimated useful lives of the asset. Advertising Expenses. Advertising costs are expensed in the period incurred. Depreciation. Depreciation of property and equipment is recorded on the straightline method for financial statement purposes over the estimated useful lives of the assets, which varies from five to ten years. {9}------------------------------------------------ #### STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023 #### 1 Company History, Use of Estimates, and Significant Accounting Policies. (Cont'd.) Income Taxes. The Company is a Limited Liability Company and has elected to be treated as a partnership for Federal and State income tax reporting purposes. Accordingly, taxable income and losses of the Company are reported on the income tax returns of its members and any resulting tax liability is the responsibility of the members. Therefore, no provision for income taxes has been recorded in the accompanying financial statements. Generally Accepted Accounting Principles require the Company to disclose any material uncertain tax positions that management believes does not meet a "morelikely-than-not" standard of being sustained under an income tax audit and to record a liability for any such taxes including penalties and interest. Management of the Company has not identified any uncertain tax positions that require the recording of a liability mentioned above or further disclosure. The Company evaluates the validity of its conclusions regarding uncertain income tax positions on an annual basis, including its status as a pass-through entity, to determine if facts or circumstances have arisen that might cause management to change its judgment regarding the likelihood of a tax position's sustainability under examination. The Company files income tax returns in the U.S. Federal and State of Colorado jurisdictions. Subsequent Events. In preparing its financial statements, the Company has evaluated subsequent events through the date which the financial statements were available to be issued. Management of the Company has not identified any subsequent events that require reporting or disclosure. #### 2 Property and Equipment. A summary of the investment in property and equipment as of December 31, 2023, net of accumulated depreciation, is as follows: | Leasehold Improvements | မာ | 16.995 | |------------------------------|----|-----------| | Property and Equipment - Net | | \$ 16.995 | Depreciation expense for the year ending December 31, 2023 was \$18,543. {10}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which was \$4,937,297 in excessRILWVUHTXLUHG7KH&RPSDQ\¶VUDWLRRIDJJUHJDWHLQGHEWHGQHVVWRQHW FDSLWDOGLGQRWH[FHHGWKHUHTXLUHPHQW #### **([SHQVH6KDULQJ** ,Q-DQXDU\WKH&RPSDQ\HQWHUHGLQWRDQH[SHQVHVKDULQJDJUHHPHQWZLWK &ODVV9,3DUWQHUV//&(DFKTXDUWHUH[SHQVHVLQFOXGLQJVDODULHVDQGERQXVHVUHQW PDUNHWLQJDQGEXVLQHVVGHYHORSPHQWWUDYHODQGRWKHURIILFHRYHUKHDGLWHPVDUHDOORFDWHG EDVHGXSRQWKHRIWRWDOUHYHQXHUHFRUGHGIRUWKDWTXDUWHUE\HDFKUHVSHFWLYHFRPSDQ\ \$Q\GLUHFWFRVWVLQFXUUHGRUUHFRJQL]HGE\WKH&RPSDQ\DUHSDLGGLUHFWO\E\WKH&RPSDQ\ RUDOORFDWHGWRWKH&RPSDQ\DQGDUHQRWLQFOXGHGLQWKHH[SHQVHVKDULQJDOORFDWLRQ 'XULQJWKH\HDUHQGHG'HFHPEHU23,H[SHQVHVDOORFDWHGWRWDOHG3,458,320 of ZKLFK590LVGXHIURP&ODVV9,3DUWQHUV//& ### **5HWLUHPHQW3ODQ** 7KH&RPSDQ\KDVDN SURILWVKDULQJSODQWKDWFRYHUVDOOHPSOR\HHVRYHUWKH DJHRIZKRKDYHFRPSOHWHGRQH\HDURIVHUYLFH7KH&RPSDQ\PDNHVVDIHKDUERU PDWFKLQJFRQWULEXWLRQVWRWKHSODQDQGDWLWVGLVFUHWLRQPD\DXWKRUL]HDGGLWLRQDO PDWFKLQJDQGRUSURILWVKDULQJFRQWULEXWLRQVWRWKHSODQ7KH&RPSDQ\LQFXUUHG7,256 LQSODQUHODWHGH[SHQVHVIRUWKH\HDUHQGHG'HFHPEHU3 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.