# FARVAHAR CAPITAL LLC X-17A-5 (2025-03-31) — Broker-dealer annual report - Company: FARVAHAR CAPITAL LLC - Form: X-17A-5 - Filed: 2025-03-31 - Period: 2024-12-31 - Accession: 0001656046-25-000001 - CIK: 1656046 - File #: 8-69692 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab & Company, P.A. - Auditor location: MAITLAND, FL - Contact: J. Clarke Gray - Phone: 9172381263 - Email: clarke@taylorgrayllc.com - Website: taylorgrayllc.com - Signed by: J. Clarke Gray (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1656046/000165604625000001/favashort123124.pdf --- {0}------------------------------------------------ | | UNITED
STATES
AND
COMMISSION
EXCHANGE
SECURITIES
D.C
20549
Washington,
1C
AWWUAL
REPORTS | | QMB
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12 | | | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|---------|-------------------------------------------------------------------------------------------------------------------------------|--|--|--| | | | | SEC FILE NUMBER | | | | | | FORS^
X-17A-5 | | 8-69692 | | | | | | PART
SIB | | | | | | | PAGE
FACING
and
under
Securities Exchange
1934
Information
Required
Pursuant
Rules
17a-5,17a-12,
18a>7
the
Act
to
of | | | | | | | | FOR
THE
BEGINNING
PERIOD
FILING | 01/01/24
AND | ENDING | 12/31/24 | | | | | | MM/DD/YY | | MM/DD/YY | | | | | | REGISTRANT
IDENTIFICATION
A. | | | | | | | LLC
Farvahar
Capital
NAME
OF
FIRM:. | | | | | | | | OF
REGISTRANT
TYPE
(check
ail applicable
boxes):
□
□
swap
swap
Major
Broker-dealer
(E
security-based
participant
Security-based
dealer
□
OTC
Check
if respondent
here
is also an
derivatives dealer | | | | | | | | ADDRESS
OF
OF
PRINCIPAL
PLACE | BUSINESS:
(Do
box
not
use
P,0.
a | no.) | | | | | | 214
Ave.,
Brazilian | 200-A
Suite | | | | | | | | (No. and
Street) | | | | | | | Palm
Beach | FL | | 33480 | | | | | (City) | (State) | | (Zip Code) | | | | | TO
CONTACT
WITH
REGARD
PERSON | TO
THIS
FILING | | | | | | | Gray
Clarke
J. | 917-238-1263 | | clarke@taylorgrayllc.com | | | | | (Name) | (Area Code-Telephone
Number)
(Email Address) | | | | | | | | ACCOUNTANT
IDENTIFICATION
B. | | | | | | | ACCOUNTANT
INDEPENDENT
whose
PUBLIC
contained
reports
are
in this filing*
PA
&
Ohab
Co., | | | | | | | | -
(Name
if individual, state last, first, and
name)
middle
FL | | | | | | | | 100
Ave.
Sybelia
Suite
E. | Maitland
130 | | 33480 | | | | | (Address)
2004
July
28, | (City) | (State) | (Zip Code) | | | | | (Date of Registration with PCAOB)(if
applicable) | | (PCAOB | Registration Number,
if applicable) | | | | | | ONLY
FOR
USE
OFFICIAL | | | | | | \* 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 facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(l)(ii), If applicable. Persons who are to respond to the co/fectfon of fnformatfon contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### ости од онималион | | Singlelat sayors periolalay to the them of ___________________________________________________________________________________________________________________________________ | - 1 . 1 . 1 . 1 . 1
الي تنظيع المائي تائيلية تريف تاريخ تي تانيه عملاء التي تائيلية المستنك المستنك بالكتبالي
pertuer, officer, director, or anytholent person, as the care may be, hes any wounders in any account classified sulciv | | |-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--| | os that of a costonary. | 【・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | | | GREAST A. VANDAR COMAT PUBLIC, STAYS , STAYE OF SIEXY YOURS Renistention Un. 0270312012017 Qualified In New York County Sommlestan Supplies #21181203 Natury Patific Signature) 1120: This Milagoo contains (check all applicable boxes): - (a) Statement of financial condition. - TT (0) Statement on manusch continent of financial condition. ET (0) Ustes en consulidata) statement en managing ET (o) Italesso observer of the mail of them to the parted on the parted (s) prosence), a statiment of El (o) Statement (no learly (relyse) of the comprehensive invonenta - (c) Statement of mediale (ness) or, it enjort tooner of Nagulation S-II). Comprehensive lucomo (as deilined in 5 220.1-42 of Ragulation S-II). - - [] (d) Statement of Casto Clows. [] [d) Statement of changes in stockhoiders' or partners' or colo proprietur's equiliy. [1] (e) Statement of changes in Stockholders' or partners of claims of creditors. - Cl (e) Statement of changes in Ilabilities subordinated to claims of creditors. [] (f) Statement of changes in Ilabilities subordinated to claims of creditors. - ົ້າ (1) ວັນນາກອາດ ອົງ ວັນນາງແຕ່ງຂອງ ປະຊາຊົນໄດ້ ອັນນາຄານອິດ. L. 1 (g) Notes to ຕອນຣຸດປີຕ້ອງຂອງ ປະຊາຊົນ ວິທະຍາວລາວ ວຽງ ຈາກ ຈາກ - LT | {g} Notes to consolicial sized dinanter 27 CFR 200235c3-2 or 17 CFR 200.002-2, as applicable. { } {b} Computerior of transformate multer 27 CFR 240.28s-2. - - ( ) (h) Computation of the Capital Countil Couldry 27 CFR 240,188-2. El (l) Computation of tangible not world coulder 27 CFR 240,183-21 - 1 3 () Computerior of Center under Extenter Reserver entrans to Europeans to Europes (1) (1) Connection Continuente of Entibilit de 27 CFR2020203-2 (1 (1) Computerior ( - . | () ) Computerion of Sessenter reserver reserves pursuments pursuments pursuments of annot 2008 10:00 PM () Computerion for determinden of security-based swap r Exhibit A to 17 CHR 240.188-4, as applicable. - - ്ച് (I) Campitolion Cor Urestusion of Online Resultants (in customer) (a Mider 27 CM 240.2563-) Cli (n) (nformation of describer of control requirements for castomers - ් | (බැබුන්ගෙ පෙන්නේ පැවැත්වේ පෙනුවෙන් පැවැත්වය හෝ පිහිටි සිට හැකියා විය. - (20.08%-3100)(2017) 17 CST 20.000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 2002-04-11 17:47 PM 2012-01-21 11:14:14 (0) Recordination, holding el the PCDS Reprises of the PCDS (1988-2019) 11:40 (0) Recordinations, and Critanale, of 27 CFR 200208-2, o (b) foromentalions media and the material eliferences online and and the cities regional de calcular de responsible de results of estable diferences Cit 200.150-3 or LT CFA - - exist. Clej , (p) Summary visa de verselsions , conselidated in Conselvinated in Ston Saternatio contilion. C. (p) Summary works in conservations of the 240.37a-5, 27 cf/1.24 C | (D) Gammery of manch described in Sin Sell (2012)-2012 2012 2012 2012 12:12 PM IST 2012 2017 11:17 PM 2012 2017 11:17 PM 2010 2017 21:12 PM IST 2018 2017, as aglitable. C - ් (q) Cath or allimation in accordance with 27 CFR 240.2008-7, as opplicable. (o) Camplinnes report in accordance with 27 CFR 240.200208-7, as applicable. - - III (o) Compliance report in accordance with 17 CFR 240.276-50 27 CFC 240.181-7, SS 8qWeshire. Cl (e) Exemplion report the accepted cased an accepturation of the essencer - C (a) Exemplion report in accordance en ellered of the estables of finestalisments of finantal continuential continuent of financial continuel seze පිට (අ) සිස්තුස්තා කිරීම සිට පිහිට පිහිප සිට පිහිටි - - (u) Indeysnident public accountant 5 ceptor mont 200.17a-12, as applicable. CFR 240.17a-5, 27 CFR 240.1803-7, or 17 CFR 200.17a.12, as examination o ା । - (v) independent politic accomplisa-7, as anpilcable. CFR 240.278-5 or 27 CFR 249.293-7, as anplicated 1201200220-5012202222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 - l. I - l... (0) Supplication regions and en and the leases or feams to feature and the the the the of the providers auth, are the provins autili, ar le level and the maneral leagues (v) Report describing any melenial interests country and on the collection of the lockey. In stationant that no macerial instlequaries collist, vinder 17 CFR 240.170-1240.170 - C. (2) Other ................................................................................................................................................................. applicable. {2}------------------------------------------------ ## FARVAHAR CAPITAL LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 (Filed Pursuant to Rule 17-5 Under the Securities Exchange Act of 1934) Filed Pursuant to Rule 17-5 Under the Securities Exchange Act of 1934) The Pursuant to Rubi IC DOCUM PUBLIC DOCUMENT {3}------------------------------------------------ # FARVAHAR CAPITAL LLC CONTENTS | Accounting
Firm
Report
of
Independent
Registered
Public | | 1 | |---------------------------------------------------------------------------|-------------------------------------------|-----| | | | | | | STATEMENT
FINANCIAL | | | | Statement
Condition
of
Financial | 2 | | | Notes
Statement
Financial
to | 3-6 | | | | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) rinidil: oam@ul}abco.com 100 G. Sybdia Ave. Suite 130 Maitland, FL 32751 Fax 407-740-6441 Certified Public Accountants Tdeplione 407-740-73 11 #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Farvahar Capital LLC ### Opinion on the Financial Statement #### Basie for Opinion applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. statements. We believe that our audit provides a reasonable basts for our opinton We have served as FaA'ahar Capita) LLC s auditor since 2022 Maitland. Florida March 27. 2025 {5}------------------------------------------------ ## FARVAHAR CAPITAL LLC Statement of Financial Condition December 31, 2024 | ASSETS: | | |---------------------------------------------------|------------------| | Cash | 2.389.477
\$ | | TOTAL
ASSETS | \$
,2^89^4,77 | | | | | AND
MEMBER'S
EQUITY;
LIABILITIES | | | LIABILITIES: | | | Accounts
and
accrued
expenses
payable | 25,000
\$ | | Deferred
revenue | 10.000 | | TOTAL
LIABILITIES | 35,000 | | Member's
Equity | 2.354.477 | | AND
TOTAL
MEMBER'S
EQUITY
LIABILITIES | 2.389.477
S | 2 {6}------------------------------------------------ ## Note 1 . Nature of Business and Summary of Significant AWffmitinS FffUykS #### Nature of Business: Omeed Malik Advisors LLC acquired a broker dealer that was originally organized on August 11, 2015 as a Delaware LLC. The acquired broker dealer was renamed to Farvahar Capital LLC (the "Company") on January 10, 2019 with the sole member as Omeed Malik Advisors LLC (the "Parent"). It commenced operations as a broker/dealer February 18, 2017, the date it was approved as a broker/dealer and registered with the Securities and Exchange Commission ("SEC"). The Company is a member of and Securities Investor Protection Corporation ("SIPC"). The Company advises its customers in raising capital through its distribution channels and commercial operations on the The Company does not hold customer funds or securities and accordingly, is not subject to the provisions of Rule 15c3-3. Under these conditions the Computation for Determination of Reserve Requirements and Information Relating to the Possession and Control Requirements are not required. ### Significant Accounting Policies: #### Basis of Presentation The accompanying financial statements and related notes have been prepared in accordmce with accounting principles generally accepted in the United States of America ( US GAAP"). #### Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of the assets and liabilities and disclosure of contingent assets and liabilities at the date ot the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. #### Cash and Cash Equivalents The Company has defined cash equivalents as highly liquid investments with original maturities of 90 days or less at the time of purchase. The Company did not have any cash equivalents at December 31,2024. {7}------------------------------------------------ ### Note 1 " Nature of Business and Summary of Significant Actounting Pffli<;i¥S(CTffltinW¥riJ #### Credit Risk The Company's cash is placed with a highly rated financial institution and the Company conducts ongoing evaluations of the credit worthiness of the financial institution with which it does business. At certain times cash balances in the bank account may exceed federally insured limits of \$250,000 of the Federal Deposit Insurance Corporation. At December 31, 2024 the Company exceeded federally insured limits by \$2,139,477. #### Credit Losses ASC Topic 326, Financial Instruments - Credit Losses ("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 ASC 326, 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 identifies fees receivable from revenue the Company generates for advising clients on capital raising and on the private placement of capital. The Company did not have any accounts receivable at December 31, 2023 and 2024. #### Note 2 - Net Capital Reauiremcnts The Company is registered with the SEC. The Company does not cany^ customer accounts and does not accept customer funds or securities. The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-l), which requires the maintenance of a minimum amount of net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2024, the Company had net capital of \$2,354,477, which was \$2,254,477 in excess of its net capital requirement of \$100,000. The percentage of aggregate indebtedness to net capital is 1.49%. #### Income Taxes Note 3 The Company is a single-member limited liability company. The Company is considered to be a disregarded entity for tax reporting purposes and is not subject to federal and state income taxes and does not file income tax returns in any jurisdiction. All items of taxable expense are reported on the member's tax return. income or The Company applies the provisions of ASC 740 "Income 1 axes" as they relate to uncertain tax positions. The Company was not required to recognize any amounts trom uncertain tax positions as of December 31,2023. {8}------------------------------------------------ ### Note 3 Income Taxes (continued! The Company's conclusions regarding uncertain tax positions may be subject to review and adjustment at a later date based upon ongoing analyses of tax laws, regulations and interpretations thereof as well as other factors. In the event that tax authorities assess interest and penalties on unrecognized tax benefits, the Company will reflect such amounts in tax expense and income taxes payable. ### Note 4 Related Party Transactions The Company has entered into an expense sharing agreement (the "Agreement") with its Parent as of January 10, 2019 whereby certain expenses related to the business of the Company will be borne by the Parent as follows: rent, telephone, and travel. All other expenses related to the business will be borne by the Company. The Agreement shall be terminated upon the cessation of the Company's commercial operations. In accordance with the Agreement, the Company does not have an obligation, direct or indirect, to reimburse or otherwise compensate the Parent for any or all costs that the Parent has paid on behalf of the Company. For the year ended December 31, 2024, the Parent did not charge anything on behalf of the Company related to those expenses including rent. For the year ended December 31, 2024, the Company had a zero balance with the Parent. #### Note 5 &gt; Segment Reporting The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including principal transactions, agency transactions, investment banking, investment advisoiy and venture capital business. The Company has identified its Managing Member as ^e chief operating decision maker ("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 2), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. 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 nature of business and summary of significant accounting policies ### Note 6 - Commitments and Contingencies In the normal course of its operations, the Company enters into contracts and agreements {9}------------------------------------------------ ### Note 6 - Commitments and Contingencieslcontinuedl that contain indemnifications and warranties. The Company's maximum exposure under these arrangements is unknown as this would involve future clmms that may be made against the Company that have not yet occurred. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote. There are no commitments or contingencies as of December 31, 2024. ### Note 7 Management has evaluated the Company's events and transactions through the date the financial statements were available to be issued. The Company has determined that no subsequent events or transactions occurred during that period requiring recognition or disclosure. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.