Full text of WREN CAPITAL, LLC's X-17A-5 filed 2021-02-26 (period 2020-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # WREN CAPITAL LLC Statement of Financial Condition December 31, 2020 With Independent Auditors' Report Thereon PUBLIC DOCUMENT {1}------------------------------------------------ # **WREN CAPITAL LLC Statement of Financial Condition December 31, 2020** #### **ASSETS** | Cash | \lt;br>23,763 | |---------------------------------------|--------------| | Fees Receivable | 8,571 | | Prepaid Expenses | 8,991 | | Due from Member | 3,447 | | Furniture and Equipment, net of | | | accumulated depreciation of \$ 17,846 | 569 | | | | | Total Assets | \lt;br>45,341 | ### **LIABILITIES AND MEMBER'S EQUITY** | Liabilities: | | |---------------------------------------|--------------| | Accounts Payable and Accrued Expenses | 25,217 | | | | | Total Liabilities | 25,217 | | | | | Member's Equity | 20,124 | | | | | Total Liabilities and Member's Equity | \lt;br>45,341 | The accompanying notes are an integral part of these financial statements. {2}------------------------------------------------ ## (1) Organization and Operation Wren Capital LLC ("the Company"), is a California Limited Liability Company formed on July 20, 2009. The Company is a broker-dealer in securities, registered with the Securities and Exchange Commission (SEC) as of June 28, 2010, and is a member of the Financial Industry Regulatory Authority (FINRA). ### (2) Summary of Significant Accounting Policies ### Basis of Accounting The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). #### Cash The Company maintains its cash in a bank deposit account which at times may exceed federally insured limits. The Company has not experienced any losses in such account and believes it is not exposed to any significant credit risk. #### Revenue Recognition The Company records its advisory fees as they are earned based on the services provided, on contract terms, or in the case of success fees, upon successful completion of the service or consummation of the related transaction. In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers: Topics 606, to supersede nearly all existing revenue recognition guidance under GAAP. ASU 2014-2014-19 also requires new qualitative and quantitative disclosures, including disaggregation of revenues and descriptions of performance obligations. The Company adopted the provisions of this guidance on January 1, 2019 using…Read the full text as markdown