# SENAHILL SECURITIES, LLC X-17A-5 (2024-02-29) — Broker-dealer annual report - Company: SENAHILL SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-02-29 - Period: 2023-12-31 - Accession: 0001564913-24-000001 - CIK: 1564913 - File #: 8-69215 - Type: Broker-dealer - Material weakness: No - Auditor: WithumSmith Brown PC - Auditor location: New York, NY - Contact: Kathy Efrem - Phone: 212-897-1686 - Signed by: Gregg Sharenow (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1564913/000156491324000001/sena23s.pdf --- {0}------------------------------------------------ # SENAHILL SECURITIES LLC # STATEMENT OF FINANCIAL CONDITION AND INDEPENDENT AUDITORS' REPORT DECEMBER 31, 2023 {1}------------------------------------------------ ## UNlTED ST A TES 0MB APPROVAL SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 # ANNUAL REPORTS FORM X-17A-S PART III SEC FILE NUMER 8- 69215 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 **FAClNG PAGE** Jn fo rmation Required Pursuant to Rules 17:i-5, 17:1- 12, and 18:i-7 under the Securities E.\'.clrnnge Act of 1934 FILING FOR THE PERIOD BEGINNING 01 / 01 /23 MM/DD/VY AND ENDING 1 2/31 /23 MM/DD/YY ## **A. REGISTRANT IDENTIFICATION** | NAME oF FIRM: | ___
s_e_n_a_H_i_ll _S_e_c_u_ri_ti_e_s_, L_L_C | __________
_ | |---------------|--------------------------------------------------|-----------------| TYPE OF REGISTRANT (check all applicable boxes): ~ Broker-dealer D Security-based swap dealer D Major securiry-based swap participant D Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSJNESS: (Do not use a P.O. box no.) # 115 Broadway, 5th Floor | | (No. and Street) | | |-------------------------|----------------------------------------------------------------------------|-----------------| | New York | N
Y | 10006 | | (City) | (State) | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | Kathy Efre
m | (212) 897-
86
1
6 | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | B. ACCOUNTANT lDENTIFICATJON | | | | INDEPENDENT PUBLIC ACCOUNT ANT whose reports are contained in this filing* | | | ith + Brown
WithumSm | , PC | | | | (Name - if individual. state last. Jirsl, and middle name) | | | dway, 9th Floor
1411 Broa | New Y
rk
o | NY | 10018 | |---------------------------------------------------|------------------|---------|-------------------------------------------| | (Address) | (City) | (State) | (Zip Code) | | 10/
/2003
8 | | 100 | | | (Date of Registration with l'CAOB)(if applicable) | | | (PCAOB Registration Number_ ifapplicable) | #### FOR OFFICIAL lfSE ONLY \* Claims for exemption from the requirement that the annual repo11s he covered by the reports of an independent public accountanl must be supported by a sta1.:mcn1 of facts and cir.:umstances relied on as the basis of the exemption. Sec 17 CFR 240. I 7a-5(e)( I)( ii), if applicable. Persons who ar c to respond to the collection of information cont ained in th is fo rm a rc not rcqui,·cd to respond unless the fo rm d is1>lays a cu rrently valid 0MB cont rol number. {2}------------------------------------------------ #### **AFFIRMATION** I, Gregg Sharenow . swear (or affirm) that, to the best of my knowledge and belief. che financial report pertaining to SenaHIII Securities, LLC as of 12/31/23 • is true and correct. I further swear (or affim1) that neither tht! company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as chat of a customer. Signature C-fO Title ·--~ ( ~ *I*--~\*~~ *fr1* , j ?"'~ L fv Notary Public JANICE M. ROBERTS NOTARY PUBLIC STATE OF NEW JERSEY MY COMM. EXP. 6-21-2025 {3}------------------------------------------------ ## This filing\*\* contains (check all applicable boxes): - 0 (a) Statement of financial condition. - 0 (b) Notes to unconsolidated or consolidated statement offinancial condition, as applicable. - o (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 § 210.1-02 of Regulation S-X). - O (d) Statement of cash flows. - O (e) Statement of changes in stockholders' or partners' or members' or sole proprietor's equity, as applicable. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to unconsolidated or consolidated financial statements,, as applicable. - O (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - O U) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - 0 (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 CFR 240.18a-4, as applicable. - 0 (1) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - O (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - 0 (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.1Sc3-3(p)(2) or 17 CFR 240.18a-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-l, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - 0 (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - 0 (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - 0 (t) Independent public accountant's report based on an examination of the statement of financial condition. - 0 (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (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. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - D (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). - 0 (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. {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member and Those Charged With Governance of SenaHill Securities, LLC: ## Opinion on the Financial Statement We have audited the accompanying statement of financial condition of SenaHill Securities, LLC (the "Company") 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 the Company 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 the Company's management. Our responsibility is to express an opinion on this 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 the Company 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. /Ji~ >t~ii/~~ I *f L* We have seNed as the Company's auditor since 2015. New York, New York February 28. 2024 {5}------------------------------------------------ ## **SENAHILL SECURITIES LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023** **Assets** | Cash | \$ | 330,599 | |----------------------------------------|----|---------| | Accounts receivable | | 250,000 | | Other receivable | | 7,846 | | Other assets | | 7,112 | | Total assets | \$ | 595,557 | | | | | | Liabilities and Member's Capital | | | | Liabilities: | | | | Accounts payable and accrued expenses | | 195.042 | | Member's capital | | 400,515 | | Total liabilities and member's capital | \$ | 595,557 | **The accompanying notes are an integra l part of this financial statement.** {6}------------------------------------------------ ## **SENAHILL SECURITIES LLC** ## **NOTES TO FINANCIAL STATEMENT DECEMBER 31, 2023** ## **Note 1** - **Organization and nature of business** SenaHill Securities, LLC (the "Company'·), is a limited liability company. The Company is a wholly-owned subsidiary of SenaHill Advisors, LLC (the '·Parent'"). The Company is registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority. The Company provides private placement of securities and advisory services. ## **Note 2** - **Summary of significant accounting policies** ## Basis of accounting and use of estimates These financia l statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GA/\P") 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. ## Contract Assets and Contract Liabilities The Company had no contract assets at January I , 2023 and December 31, 2023. As of January I. 2023, accounts receivable balance was \$0 and \$250,000 as of December 31, 2023. The Company had no contract liabilities as of January l. 2023 and as of December 31, 2023. ## Income taxes The Company is a single member limited liability company for federal. state, and local income tax purposes. As such. it is a disregarded entity for tax purposes and does not pay any taxes, which are borne primaril) by the individual owners of its Parent. The Company does not reflect any taxes in its financial statements. The Company's income or loss is taken into consideration in the tax returns of its Parent's owners. Management has determined that the Company had no unce1tain tax positions that would require financial statement recognition. This determination will be subject to ongoing reevaluation as facts and circumstances may require. #### Note 3 - Compliance with Rule 15c3-3 The Company does nol handle cash or securities on behalf of customers and accordingly has no obligation under SEC Rule 15c3-3. #### **Note 4** - **Concentrations** The Company maintains its cash balance at one financial institution. The Company does not consider itself to be at risk with respect to its cash balance. {7}------------------------------------------------ ## **SENAHILL SECURITIES LLC** ## **NOTES TO FINANCIAL STATEMENT DECEMBER 31, 2023** #### **Note 5** - **Rcguh1torv requirements** The Company is subject to the SEC Uniform Net Capital Rule (Rule I Sc3- I), which requires the maintenance or minimum net capital and requires that the ratio of aggregate indebtedness to net capital. both as defined, shall not exceed 15 to I. At December 31, 2023, the Company had net capital of approximately \$136,000 which was approximately \$86,000 in excess of its required net capital of \$50,000. ## Note 6 - Related pa rty transactions Pursuant to a service agreement, affiliates of the Company provide various services and other operating assistance to the Company. The agreement provides for professional services, compliance, legal fees and other operating expenses. The total amount borne by the affiliates under this agreement was approximately \$801,000 for the year ended December 31, 2023. The agreement has a term of one year and is automatically renewed annua lly, unless terminated or modified by written notice. The activities of the Company include significant transactions with related pruties and may not necessarily be indicative of the conditions that would have existed or the results of operations if the Company had operated as an unaffiliated business. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.