# ALDWYCH SECURITIES LLC X-17A-5 (2026-04-23) — Broker-dealer annual report - Company: ALDWYCH SECURITIES LLC - Form: X-17A-5 - Filed: 2026-04-23 - Period: 2025-12-31 - Accession: 0001577405-26-000006 - CIK: 1577405 - File #: 8-69286 - Type: Broker-dealer - Material weakness: No - Auditor: Michael Coglianese CPA, PC - Auditor location: Lincolnshire, IL - Contact: Mark Bishop - Phone: 917-375-1994 - Email: mbishop@acpcm.com - Website: acpcm.com - Signed by: Mark Bishop (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1577405/000157740526000006/Public2025.pdf --- {0}------------------------------------------------ ### # 8-69286 01/01/2025 12/31/2025 Aldwych Securities LLC ■ 208 Harbor Drive, Suite 204 Stamford CT 06902 Mark Bishop 917-375-1994 mbishop@acpcm.com Michael Coglianese CPA, P.C. 300 Tri State International, Suite 180 Lincolnshire IL 60069 10/20/2009 3874 {1}------------------------------------------------ ### |


































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| | | | Managing Member ### - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ Aldwych Securities LLC Financial Statements and Supplemental Schedules Filiancial Statements and Cuppliaments. Sonrities Exchange Act of 1934 December 31, 2025 ( {3}------------------------------------------------ Aldwych Securities LLC December 31, 2025 TABLE OF CONTENTS Report of Independent Registered Public Accounting Firm ### FINANCIAL STATEMENT | Statement of Financial Condition2 | | |-----------------------------------|-----| | Notes to Financial Statement | 6-9 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Sole Member of Aldwych Securities, LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Aldwych Securities, LLC as of December 31, 2025, 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 Aldwych Securities, LLC as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of Aldwych Securities, LLC 's management. Our responsibility is to express an opinion on Aldwych 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 Aldwych 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 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. We have served as Aldwych Securities, LLC's auditor since 2023. Lincolnshire, IL April 23, 2026 {5}------------------------------------------------ # Aldwych Securities LLC Statement of Financial Condition December 31, 2025 | Assets | | | |---------------------------------------|-------|--------| | Cash | ક | 39,214 | | Fees receivable | | 17,500 | | Prepaid expenses | | 5,135 | | Total assets | લ્ક્ર | 61,849 | | | | | | Liabilities & Equity | | | | Liabilities | | | | Accounts payable | સ્ત્ર | 20,755 | | Total Liabilities | | 20,755 | | | | | | Member's Equity
8 | | | | Member's Equity | સ્ત્ર | 41,094 | | Total Liabilities and Member's equity | | 61,849 | The accompanying notes are an integral part of these financial statements. / 2 { {6}------------------------------------------------ Aldwych Securities LLC Notes to Financial Statements December 31, 2025 #### 1. Organization Aldwych Securities LLC (the "Company") is a wholly owned subsidiary of Aldwych Capital Partners LLC (the "Parent"). The Company is a limited liability company and was formed under the laws of the State of New York on January 17, 2012. The Company is a brokerdealer registered with the Securities and Exchange Commission (the "SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA") since June 27, 2013. #### 2. Significant Accounting Policies ### Basis of Financial Statement Presentation The financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States of America ("US GAAP"). ### Use of Estimates In preparing the financial statements, management is required to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results may differ from such estimates and such differences may be material to the financial statements. ### Revenue Recognition In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Revenue Recognition), which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The core principle of the revenue model is that an entity recognizes revenue 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 ASU defines the promised good or service as the performance obligation under the contract. In accordance with the new revenue recognition standard, the Company has identified the specific performance obligation (promised services) associated with the contract with the customer and has determined when that specific performance obligation has been satisfied, which may be at a point in time or over time depending on how the performance obligation is defined. The contracts with customers also contain the transaction price, which consists of fixed consideration and/or consideration that may vary (variable consideration) and is defined as the amount of consideration an entity expects to be entitled to when or as the performance obligation is satisfied. {7}------------------------------------------------ Aldwych Securities LLC Notes to Financial Statements December 31, 2025 > Commissions Commission income is recognized when the customer has agreed with the Company on the security to be transacted and the amount of commission to be charged, the service has been rendered, at which point there are no outstanding performance obligations due to the customer, and the Company is assured that its commission fee will be received. > Placement Agent Fees Placement agent fees arise from securities offerings in which the Company acts as an agent on behalf of its customer to either newly issued securities or find buyers in the primary market on behalf of its customers. Placement agent fees are recorded when the placement or transaction has been completed, and there are no remaining outstanding performance obligations under the terms of a contractual arrangement, and the fees are reasonably determinable and expected to be collected. > Due to the size of the Company, Aldwych Securities, LLC concentrates its business to a small number of customers. The terms and length of rendered service and relationship largely depends on the operational projects of the customer. During 2025, two customers, one for 61%, the other for 49%, accounted for 100% of the placement income. Commission revenue in 2025 was generated by four customers. Due to the nature of the industry, revenues received from customers is typically non-recurring. The ongoing operation of the Company is economically dependent on its ability to enter contracts with new customers. ### Cash and Cash Equivalents All cash deposits of the Company are held by two financial institutions and therefore are subject to the credit risk at those financial institutions. The Company has not experienced any losses in such accounts and does not believe there to be any significant credit risk with respect to these deposits. For purposes of reporting the statement of cash flows, The Company considers all cash accounts which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments with a maturity of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. At December 31, 2025, the Company had no uninsured cash balances. {8}------------------------------------------------ ### Aldwych Securities, LLC Notes to Financial Statements #### Income Taxes As a single member LLC whose Parent is also a single member LLC, the Company's taxable income or loss is reported on the tax returns of its ultimate member. At December 31, 2025, management has determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination will always be subject to ongoing reevaluation as facts and circumstances may require. #### 3. Related-Party Transactions The Company maintains an administrative services agreement with the Parent and an Affiliate. Pursuant to the agreement, the Parent and the Affiliate provide accounting, administration, information technology, compliance services, office space, employee services and other services. The Parent and Affiliate provide these services, which total \$195,222, at no cost to the Company. The Company did pay certain expenses on behalf of the Parent in 2025, including rent of \$22,593, commissions of \$12,642, and administrative expenses of \$45,250 to its beneficial owners. #### 4. Net Capital Requirements The Company is subject to SEC Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of a minimum net capital, as defined, shall not be less than \$5,000 and maintenance of the ratio of aggregate indebtedness to net capital, both as defined, not to exceed 15 to 1. At December 31, 2025, the Company had net capital of \$18,459 which exceeded its required capital by \$13,459. The Company's ratio of aggregate indebtedness to net capital was 1.12 to 1. The Company is claiming an exemption from SEA Rule 15c3-3, in reliance on footnote 74 to SEC Release 34-70073 and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company has represented that it does not, and will not, hold customer funds or securities. #### Commitments and Contingencies 5. The Company had no operating commitments, no contingent liabilities and had not been named as defendant in any lawsuit at December 31, 2025, or during the year then ended. #### 6. Future Operations These financial statements are prepared on a going concern basis. However, the Company has experienced recurring losses, and negative operating cash flows throughout the year ended December 31, 2025. {9}------------------------------------------------ ## Aldwych Securities, LLC Notes to Financial Statements The Company does not have the liquidity required to fund the next twelve months of operations, which raises substantial doubt to continue as a going concern, without additional revenue sources, member capital contributions or debt financing. During the year ended December 31, 2025, member capital contributions totaled \$37,000. The Parent has made a commitment to provide necessary working capital to continue the operations of the Company, when needed. #### 7. Single Reportable Segment The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of two classes of services, including agency transactions, and private placement of equity securities. The Company has identified it's President as the chief operating decision making ("CODM") who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 4), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, which as whether to reinvest profits or pay distributions. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant policies. The company derived 49.8 percent of its total revenues from two external customers in 2025. #### 8. Credit Losses The Company follows ASC Topic 326, Financial Instruments- Credit Losses ("ASC 326") ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, The Company has the ability to determine that there are no expected credit losses in certain circumstances (e.g., based on the credit quality of the customer). The Company has commission and placement fees revenue streams as impacted by this guidance. #### ത Subsequent Event For disclosure purposes in the financial statements, the Company has evaluated subsequent events through April 23, 2026, the date the financial statements were available to be issued and there are no material events that would require adjustment to, or disclosure in, the Company's financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.