# MANOR PRIVATE CAPITAL, LLC X-17A-5 (2021-03-31) — Broker-dealer annual report - Company: MANOR PRIVATE CAPITAL, LLC - Form: X-17A-5 - Filed: 2021-03-31 - Period: 2020-12-31 - Accession: 0001452463-21-000001 - CIK: 1452463 - File #: 8-68117 - Material weakness: No - Auditor: GR Reid Associates, LLP - Auditor location: Woodbury, NY - Contact: John Daly - Phone: 914-634-2822 - Signed by: John Daly (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1452463/000145246321000001/manorpub.pdf --- {0}------------------------------------------------ UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | 0MB APPROVAL | | | | | |------------------------------|-----------|--|--|--| | 0MB Number: | 3235-0123 | | | | | October 31, 2023
Expires: | | | | | | Estimated average burden | | | | | | hours oer response 12.00 | | | | | # ANNUAL AUDITED REPORT FORM X-17A-5 PART Ill | | SEC FILE NUMBER | |---------|-----------------| | B-68117 | | **FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-S Thereunder** | REPORT FOR THE PERIOD BEGINNING January 1, 2020 | | | AND ENDING December 31, 2020 | | |-------------------------------------------------------------------|---------------------------------------------------------------------------|---------|--------------------------------|--| | | MM/00/YY | | MM/00/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER: MANOR PRIVATE CAPITAL, LLC | | | OFFICIAL USE ONLY | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | FIRM I.D. NO. | | | 1 Harbor Point Road, Suite 800 | | | | | | | (No. and Street) | | | | | Stamford | CT | | 06902 | | | (City) | (State) | | (Zip Code) | | | John Daly | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT | | 914-834-2822 | | | | | | (Area Code - Telephone Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDtiPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report• | | | | | GR REID ASSOCIATES, LLP | | | | | | | (Name - I/Individual, state last,jlrst, mlddlt name) | | | | | I
7600 Jericho Tpke., Suite 400 Woodbury | | NY | 11797 | | | (Address) | (City) | (State) | (Zip Code) | | | CHECK ONE: | | | | | | Certified Public Accountant | | | | | | §
Public Accountant | | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | *•claims for exemplionfrom the requirement thal the annual reporl be covered by 1he opinion of an independenl public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Sec/ion 240. I 7a-5(e)(2)* SEC 1410 (11-05) **Potential persons who are to respond to the collectlon of Information contained In this form are not required to respond unless** the form **displays a** currently valid 0MB control number. {1}------------------------------------------------ ### **OATH OR AFFIRMATION** # I, John Daty , swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of Manor **Private** Capital, LLC , as of December 31 20 20 are n,,ie and correct. 1 further swear ( or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows: Notary Public This report•• contains (check all applicable boxes): - @ (a) Facing Page. - - **Ja.** (b) Statement of Financial Condition. LJ (c) Statement of Income (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement of Comprehensive Income (as defmed in §210.1-02 of Regulation S-X). - (d) Statement of Changes in Financial Condition. - (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. - (t) Statement of Changes in Liabilities Subordinated to Claims of Creditors. - (g) Computation of Net Capital. - (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3, - (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. - D (j) A Reconciliation, including appropriate explanation ofthe Computation ofNet Capital Under Rule 15c3-t and the Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. - D (Jc) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of consolidation. - - § (l) An Oath or Affirmation. (m) A copy of the SIPC SupplementaJ Report. - (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. .. *For conditions of confidential treatment of certain portions of this filing, see section 240. 17 a-5 ( e)(3).* {2}------------------------------------------------ **MANOR PRIVATE CAPITAL, LLC** STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020 {3}------------------------------------------------ ![](_page_3_Picture_1.jpeg) ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Board of Directors and Shareholders of Manor Private Capital. LLC ### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Manor Private Capital. LLC as of December 31, 2020, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of Manor Private Capital. LLC as of December 31, 2020 in conformity with accounting principles generally accepted in the United States of America. ### **Basis for Opinion** This financial statement is the responsibility of Manor Private Capital. LLC's management. Our responsibility is to express an opinion on Manor Private Capital. 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 Manor Private Capital. 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 or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. ».~~~ I *LLP* We have served as Manor Private Capital. LLC's auditor since 2019. Woodbury, NY March 31, 2021 {4}------------------------------------------------ ### **MANOR PRIVATE CAPITAL, LLC** ST A TEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020 | ASSETS | | | |---------------------------------------------------------|------------------|--| | Cash | \$
84,921 | | | Accounts receivable | 1,050,000 | | | Prepaid expense | 2,660 | | | Equipment (net of accumulated depreciation of \$20,312) | 1,905 | | | Total assets | l, 139,486
\$ | | | LIABILITIES AND MEMBER'S CAPITAL | | | | Liabilities | | | | Accounts payable and accrued expenses | \$
17,765 | | | Total liabilities | 17,765 | | | Commitments and Contingencies | | | | MEMBER'S CAPITAL | l,l2l,721 | | | Total liabilities and member's capital | 1,139,486
\$ | | *The accompanying no/es are an Integral part of th i's statement,* {5}------------------------------------------------ ## **MANOR PRIVATE CAPITAL, LLC** NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 #### **Note 1- Nature of Business** Manor Private Capital is a Broker Dealer licensed and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The Company structures securities of domestic and foreign issuers and places them with accredited investors including primarily institutional investors in the United States private placement market. The Company also provides financial advisory services to corporate clients in the United States and abroad, #### **Note 2** - **Summary of Significant Accounting Policies** **a)** *Cash* The Company maintains cash in one financial institution which, at times, may exceed federally insured limits or where no insurance is provided. The Company has not experienced any losses in such accounts and does not believe it is exposed to any significant credit risk on cash and cash equivalents. ### *b) Revenue Recognition* Effective January 1, 2018, the Company adopted ASU Topic 606, Revenue from Contracts with Customers ("ASU Topic 606"). The new revenue recognition, guidance requires that an entity recognize revenue due 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 perfonnance obligations in the contract, (c) detennine 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 applied the modified retrospective method of adoption which resulted in no adjustment to member's equity earnings as of January 1, 2018. The new revenue recognition guidance does not apply to revenue associated with financial instruments, interest income and expense, leasing and insurance contracts. The Company provides advisory services on mergers and acquisitions. Revenue for advisory arrangements is generally recognized at the point in time that performance under the arrangement is completed (the closing date of the transaction) or the contract is cancelled. However, for certain contracts, revenue is recognized over time for advisory arrangements in which the perfonnance {6}------------------------------------------------ ### **MANOR PRIVATE CAPITAL, LLC** NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 #### Note 2 - **Summary of Significant Accounting Policies** ( **continued)** 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. Retainers and other fees received from customers prior to recognizing revenue are reflected as contract liabilities (deferred revenue in the accompanying statement of financial condition). ### *c) Use of Estimates* The financial statements have been 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 statements and the amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. ### *d) Income Taxes* The Company is a limited liability company for federal and state income tax purposes. As such, it does not pay any taxes. The Company's income or loss is taken into consideration in the tax returns of its members for federal and state income tax purposes. #### **Note 3** - **Related Party** Pursuant to an expense sharing agreement, the sole member of the Company allocated a total of \$16,080 of expenses to the Company. This included \$15,360 for rent and \$720 for utilities. The expenses were recorded through capital contributions. #### **Note 4** - **Net Capital Requirement** The Company is subject to the Securities and Exchange Commission Unifonn Net Capital Rule (Rule l 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 1500%. At December 31, 2020, the Company had net capital of \$67,156 which was \$62,156 in excess of its required net capital of \$5,000. The Company's net capital ratio was 26.45%. {7}------------------------------------------------ # **MANOR PRIVATE CAPITAL, LLC** NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 #### Note 5 - **Compliance with Rule 15c3-3** The Company has no possession or control obligations under SEA Rule ! 5c3- 3(b) or reserve deposit obligations under SEA Rule !5c3-3(e) because its business is limited to private placements of securities and investment of advisory services. #### Note 6- **Subsequent Events** The Company has performed an evaluation of events that have occurred subsequent to December 31, 2020, and through March 31, 2021, the date of the filing of this report. There have been no material subsequent events that occurred during such period that would require disclosure in this report or would be required to be recognized in the financial statements as of December 31, 2020. #### Note 7 - **COVID-19** A coronavirus (COVID-19) was first reported in China. In January 2020, the World Health Organization declared it a Public Health Emergency of International Concern. This contagious disease outbreak, which has continued to spread to additional countries, and any related adverse public health developments, could adversely affect the Company's customers, service providers and suppliers as a result of quarantines, facility closures, and travel and logistics restrictions in connection with the outbreak. More broadly, the outbreak could affect workforces, economies and financial markets globally, potentially leading to an economic downturn. The ultimate impact of the COVID-19 is uncertain. Management continues to monitor the outbreak, however, as of the date of these consolidated financial statements the potential impact of such on the Company's business and operations cannot be reasonably estimated. The U.S. enacted the CARES Act which is an economic stimulus package to assist eligible small businesses to cover certain operational costs due to the adverse impact of COVID-19. In addition, the CARES Act includes temporary tax law changes to provide additional relief to U.S. businesses and individual taxpayers. A copy of the Firm's Statement of Financial Condition as of December 31, 2020, pursuant to SEC Rule l 7a-5, is available for examination at the Finn's office and at the regional office of the SEC Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.