# SPEYSIDE ADVISORS, LLC X-17A-5 (2022-02-25) — Broker-dealer annual report - Company: SPEYSIDE ADVISORS, LLC - Form: X-17A-5 - Filed: 2022-02-25 - Period: 2021-12-31 - Accession: 0001717927-22-000001 - CIK: 1717927 - File #: 8-70023 - Type: Broker-dealer - Material weakness: No - Auditor: McBee & Co. P.C. - Auditor location: Dallas, TX - Contact: Daniel Gillett - Phone: 214-228-8732 - Email: dgillett@speysideadvisors.com - Website: speysideadvisors.com - Signed by: Daniel Gillett (Sole Member) Original filing: https://www.sec.gov/Archives/edgar/data/1717927/000171792722000001/speysideaudit21.pdf --- {0}------------------------------------------------ OMB APPROVAL **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** | 2023 | | |--------------------------|----------------------------------------------------------------------------| | Estimated average burden | | | 12 | | | | | | SEC FILE NUMBER | | | | | | | OMB Number:3235-0123
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8-70023 | ## **ANNUAL REPORTS FORM X-17A-5 PART III** **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** | FILING FOR THE PERIOD BEGINNING | 01/01/21 | AND ENDING | | 12/31/21 | |----------------------------------------------------------------------------------------------------------------------------------|----------------------------|--------------------------------|-------------------------------|---------------------------------| | | MM/DD/YY | | | MM/DD/YY | | A. | REGISTRANT IDENTIFICATION | | | | | Speyside
Advisors,
NAME OF FIRM: | LLC | | | | | TYPE OF REGISTRANT (check all applicable boxes):
CXBroker-dealer
Check hereif respondent is also an OTC derivatives dealer | Security-based swap dealer | Major | | security-based swap participant | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: | (Do not | use a P.O.
box no.) | | | | Ave.,
Ste
1910
Pacific
14183 | | | | | | | (No. and Street) | | | | | Dallas | Texas | | 75201 | | | (City) | | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Daniel
Gillett | 214-228-8732 | | | dgillett@speysideadvisors.com | | (Name) | (Area Code-Telephone | Number) | (Email Address) | | | B. | ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports
McBee
&
Co.,
PC | | are contained in
this | filing* | | | (Name-if | individual,state | last,first,and
middle name) | | | | 718
Paulus | Dallas | | TX | 75214 | | (Address) | (City) | | (State) | (Zip Code) | | 09/22/2009 | | | 3631 | | | (Dateof Registration with PCAQB)(if applicable) | FOR OFFICIAL USE ONLY | | (PCAQB Registration Number,if | applicable) | \* 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 whoaretorespondtothecollectionof informationcontainedinthis form arenot requiredtorespondunless theform displays a currently valid OMB control number. {1}------------------------------------------------ #### **OATH OR AFFIRMATION** | Daniel
Gillett | , swear (or affirm) that, to the best of my knowledge and belief, the | | |-------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of | Speyside Advisors, LLC | as of | | 31
December | , is true and correct. I further swear (or affirm) that neither the company nor any
, 2 0 2 1 | | | as that of a customer. | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | | ignature: | | | | RUBEN INFANTE, JR . | | | i | Notary Public, State of Texas
-
•"
•
Member
Sole
Comm. Expires 08-20-2025
Notary ID 123962168 | | | Notary Public | | | | contains (check all applicable boxes):
This filing** | | | | CX
(a) Statement of financial condition. | | | | (b) Notes to consolidated statement of financial condition. | | | | | CX (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). | | | CX (d) Statement of cash flows. | | | - **C (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.** - **(f) Statement of changes in liabilities subordinated to claims of creditors.** - **LX (g) Notes to consolidated financial statements.** - **LX (h) Computation of net capital under 17 CFR 240.15c3-lor 17 CFR 240.18a-l, as applicable.** - **(i) Computation of tangible net worth under 17 CFR 240.18a-2.** - **(j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.** - **(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.** - **(I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.** - **LX (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.** - **(n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.** - *ZX* **(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-l, 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.** - **(p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.** - **IX (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.** - **(r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.** - CX **(s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.** - **(t) Independent public accountant's report based on an examination of the statement of financial condition.** - **LX (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.** - **(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.** - *ZX* **(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.** - **(x) Supplemental reports on applying agreed-upon procedures,in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable.** - **(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).** - **(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.* {2}------------------------------------------------ **SPEYSIDE ADVISORS, LLC REPORT PURSUANT TO RULE 17a-5(d) YEAR ENDED DECEMBER 31, 2021** {3}------------------------------------------------ ### **SPEYSIDE ADVISORS, LLC** ### CONTENTS ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 1 | FINANCIAL
STATEMENTS | | | |---------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|------| | Statement
of
financial | condition | 2 | | Statement
of
operations | | 3 | | Statement
of
changes | member's
equity
in | 4 | | of
flows
Statement
cash | | 5 | | Notes
to
financial | statements | 6-8 | | Supporting
Schedules | | | | Schedule
I: | Computation
of
Under
Rule
Net
Capital
15c3-1
of
the
Securities
and
Exchange
Commission | 9-10 | | Schedule
II: | for
of
Computation
Determination
Reserve
15c3-3
of
the
Securities
Requirements
Under
Rule
and
Exchange
Commission | 1 1 | | REPORT
OF
INDEPENDENT
MANAGEMENT'S
ON | REGISTERED
PUBLIC
ACCOUNTING
FIRM
EXEMPTION
REPORT | 12 | | BROKER-DEALER
ANNUAL | EXEMPTION
REPORT | 13 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) A Professional Corporation Certified Public Accountants #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** ### **To the Managing Member of Speyside Advisors, LLC** #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Speyside Advisors, LLC as of December 31, 2021, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Speyside Advisors, LLC as of December 31, 2021, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of Speyside Advisors, LLC's management. Our responsibility is to express an opinion on Speyside Advisors, LLC's financial statements 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 Speyside Advisors, 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 statements are 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 statements, 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. #### **Auditor's Report on Supplemental Information** The supplemental information contained in Schedule I, Computation of Net Capital Under Rule 15c3-lof the Securities and Exchange Commission ("Schedule I") and Schedule II, Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission ("Schedule II") has been subjected to audit procedures performed in conjunction with the audit of Speyside Advisors, LLC's financial statements. The supplemental information is the responsibility of Speyside Advisors, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the supplemental information contained in Schedule I and Schedule II is fairly stated, in all material respects,in relation to the financial statements as a whole. **McBee & Co., PC** We have served as Speyside Advisors, LLC's auditor since 2017. Dallas, Texas February 24, 2022 Dallas Office 718 Paulus Avenue • Dallas, Texas 75214 • 214.823.3500 www.mcbeeco.com {5}------------------------------------------------ # **SPEYSIDE ADVISORS, LLC STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2021** ### **Assets** | Cash | \$
70,261 | |---------------------------------------------------|--------------| | Accounts
receivable | 18,532 | | expenses
Prepaid | 2,006 | | | | | Assets
Total | \$
90,799 | | | | | Member's
Liabilities
and
Equity | | | Liabilities | | | Accounts
accrued
payable
and
expenses | \$
18,329 | | | | | Total
Liabilities | 18,329 | | | | | Member's
Equity | 72,470 | | | \$
90,799 | | Total
Liabilities
and
Member's
Equity | | {6}------------------------------------------------ # **SPEYSIDE ADVISORS, LLC STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2021** | Revenues | | |----------------------------------------------|---------------| | fees
Advisory | \$
851,968 | | Total
Revenues | 851,968 | | Expenses | | | representative
Registered
compensation | 645,934 | | Regulatory
fees
and
expenses | 5,453 | | Professional
fees | 168,839 | | Occupancy | 3,865 | | Other
expenses | 30,357 | | Total
Expenses | 854,448 | | Loss
before
provision
for
taxes | (2,480) | | state
tax
Provision
for
income | 3,673 | | Net
Loss | \$
(6,153) | {7}------------------------------------------------ ## **SPEYSIDE ADVISORS, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2021** | Balances
at | | |-------------------------|----------| | 31,
December
2020 | \$78,623 | | Net
loss | (6,153) | | at
Balances | | | 31,
December
2021 | \$72,470 | {8}------------------------------------------------ ## **SPEYSIDE ADVISORS, LLC STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2021** | Cash
flows
operating
activities:
used
in | | |--------------------------------------------------------------------------------------|---------------| | Net
loss | \$
(6,153) | | Adjustments
to
reconcile
net
loss
to
cash
provided
net
by | | | (used)
for
operating
activities: | | | Changes
assets
liabilities
in
and | | | accounts
receivable
Decrease
in | 33,288 | | Increase
in
prepaid
expenses | (620) | | expenses
Decrease
account
payable
and
accrued
in | (184,421) | | Net
operating
activities
cash
used
in | (157,906) | | decrease
Net
cash
in | (157,906) | | Cash
at
beginning
of
year | 228,167 | | Cash
at
of
end
year | \$
70,261 | | Supplemental
Disclosures
of
Cash
Flow
Information: | | | State
income
taxes
paid | \$
3,673 | {9}------------------------------------------------ # **SPEYSIDE ADVISORS, LLC NOTES TO FINANCIAL STATEMENTS** ### **DECEMBER 31, 2021** # **NOTE 1 -Organization and Nature of Business** Speyside Advisors, LLC (the "Company"), was formed on May II, 2017. The Company is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority, Inc. The Company operates as a Texas Limited Liability Company ("LLC") and is wholly-owned by a member. The Company is engaged in providing advisory services involving private placement and mergers and acquisitions for its clients. It is intended that all offerings will be exempt from registration under the provisions of either Regulation D or Rule 144A. The Company is considered a Non-Covered Firm exempt from 17 C.F.R. § 240.15c3-3 relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17-5. #### Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. At December 31, 2021, the Company had no such investments. The Company maintains is operating cash at a financial institution. At times, the amount on deposit at this institution may exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation ("FDIC"). The Company has not experienced any losses related to amounts in excess of FDIC limits. #### Accounts Receivable Accounts receivable are stated at amounts management expects to collect. Accounts receivable are generally collected within a few months of being recorded. Management periodically evaluates receivables and records an allowance for doubtful accounts on receivables for which collectability is doubtful. Management has evaluated the allowance for doubtful accounts and determined that no allowance is necessary at December 31, 2021. ### Revenue Recognition The Company provides advisory services on mergers and acquisitions. Advisory fees represent 100% of revenue earned by the Company. 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 performance obligations are simultaneously provided by the Company and consumed by the customer. Retainers and other fees received from customers prior to recognizing revenue are reported in the accompanying statement of financial condition in accounts payable and accrued expenses. {10}------------------------------------------------ # **SPEYSIDE ADVISORS, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021** # **NOTE 1 -Organization and Nature of Business (Cont.)** #### Use of Estimates The Company's financial statements are presented in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The Financial Accounting Standards Board ("FASB") Accounting Standards Codification (the Codification) is the single source of U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. #### Income Taxes The Company is a single member limited liability company and is therefore treated as a disregarded entity for federal income tax purposes. Accordingly, income will be taxed at the member level rather than at the corporate level for federal income tax purposes. The Company is subject to state income taxes. Any potential interest and penalty associated with a tax contingency, should one arise, would be included as a component of income tax expense in the period in which the assessment arises. The Company's federal and state income tax returns are subject to examination over various statutes of limitations generally ranging from three to five years. # **NOTE 2 -Net Capital Requirements** Pursuant to the net capital provisions of Rule 15c3- 1 of the Securities and Exchange Act of 1934, the Company is required to maintain a minimum net capital, as defined under such provisions. Net capital and the related net capital ratio may fluctuate on a daily basis. At December 31, 2021, the Company had net capital of \$51,932 and minimum net capital requirements of \$5,000. The Company's ratio of aggregate indebtedness to net capital was .35 to 1. The Securities and Exchange Commission permits a ratio of no greater than 15 to 1 . # **NOTE 3 - Possession or Control Requirements** The Company holds no customer funds or securities. The Company is considered "Non-Covered Finn" exempt from 17 C.F.R. § 240.15c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to private placement of securities, including direct participation programs and merger and acquisition advisory services. # **NOTE 4 -Concentration Risk** The Company may at various times during the year have cash balances in excess of federally insured limits. The Company believes that it is not exposed to any significant risk related to cash. {11}------------------------------------------------ # **SPEYSIDE ADVISORS, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021** # **NOTE 5 -Related Party Transactions** The sole member of the Company, a registered securities representative, generates most of the Company's revenues and related compensation expense. The Company is economically dependent upon the sole member due to the concentration of services he provides. The Company and various entities are under common control and the existence of that control creates operating results and financial position significantly different than if the companies were autonomous. # **NOTE 6 -Liabilities Subordinated to Claims of General Creditor** During the year ended December 31, 2021, there were no subordinated liabilities to the claims of general creditors. Accordingly, a statement of changes in liabilities subordinated to claims of general creditors has not been included in these financial statements. # **NOTE 7 -Recent Accounting Pronouncements** Recently issued accounting standards that have been issued or proposed by the FASB or other standardssetting bodies are not expected to have a material impact on the Company's financial position or results of operations. The Company plans to adopt any new standards in accordance with the standards. # **NOTE 8 -Commitments and Contingencies** The Company had no commitments or contingencies that were required to be accrued or disclosed. # **NOTE 9 -Subsequent Events** Subsequent events have been evaluated for potential recognition and disclosure through February 24, 2022, which represents the date the financial statements were available for issuance. {12}------------------------------------------------ **Supplemental Information Pursuant to Rule 17a-5 of the Securities Exchange Act of 1934** **as of** **December 31, 2021** {13}------------------------------------------------ ### **Schedule I** ## **SPEYSIDE ADVISORS, LLC Computation of Net Capital Under Rule 15c3-l of the Securities and Exchange Commission As of December 31, 2021** | Computation
of
Net
Capital | | |----------------------------------------------------------------------------------------------------|--------------| | member's
Total
equity
qualified
for
net
capital | \$
72,470 | | Deductions
and/or
charges
assets:
Non-allowable | | | Accounts
receivable | (18,532) | | Other
assets | (2,006) | | Total
deductions
from
net
worth | (20,538) | | Capital
Net | \$
51,932 | | Aggregate
indebtedness
statement
of
financial
condition:
Items
included
in | | | accrued
Accounts
payable
and
expenses | 18,329 | | Total
indebtedness
aggregate | \$
18,329 | See accompanying report of independent registered public accounting firm. {14}------------------------------------------------ ## **Schedule I (continued)** ## **SPEYSIDE ADVISORS, LLC Computation of Net Capital Under Rule 15c3-l of the Securities and Exchange Commission As of December 31, 2021** ### **Computation of Basic Net Capital Requirement** | (6
2/3%
indebtedness)
of
aggregate
Minimum
dollar
Net
Capital
Requirement
of
Reporting | S | 1,222 | |------------------------------------------------------------------------------------------------------------------------------------|----|----------------| | | | | | | | | | | | | | or
Broker
Dealer | \$ | 5,000 | | | | | | Minimum
Net
Capital
Requirement | \$ | 5,000 | | | | | | Capital
Excess
of
Requirement
Net
Minimum
in | \$ | 46,932 | | | | | | | | | | | | 45,932 | | | | | | of | | .35
to
1 | | capital
greater
of
10%
of
aggregate
Net
less
indebtedness
or
120%
of
capital
minimum
net | \$ | | No material differences existed between the audited computation of net capital pursuant to Rule 15c3-l as of December 31, 2021 and the corresponding unaudited filing of part IIA of the FOCUS Report/Form X-17A-5 filed by Speyside Advisors, LLC. Accordingly no reconcilation is necessary. See accompanying report of independent registered public accounting firm. {15}------------------------------------------------ #### **Schedule II** ### **SPEYSIDE ADVISORS, LLC Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission As of December 31, 2021** #### **EXEMPTIVE PROVISIONS** The Company is considered "Non-Covered Finn" exempt from 17 C.F.R. § 240.15c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to private placement of securities, including direct participation programs and merger and acquisition advisory services. See accompanying report of independent registered public accounting firm. {16}------------------------------------------------ **Report of Independent Registered Public Accounting Firm On Management's Exemption Report Required by SEC Rule 17a-5 Year Ended December 31, 2021** {17}------------------------------------------------ ![](_page_17_Picture_0.jpeg) A Professional Corpcration **Cerlifioc Pubfcc Accoiuntints** ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** ### **To the Managing Member of Speyside Advisors, LLC** We have reviewed management' s statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) Speyside Advisors, LLC ("the Company") did not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, and (2) the Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to private placement of securities, including direct participation programs, and merger and acquisition advisory services. In addition, the Company did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year, December 31, 2021, without exception. Speyside Advisors, LLC's management is responsible for compliance with the exemption provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Speyside Advisors, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination,the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based upon the Company's business activities contemplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. **McBee & Co., PC** Dallas,Texas February 24, 2022 {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) ### **BROKER-DEALER ANNUAL EXEMPTION REPORT** **DECEMBER 31, 2021** Speyside Advisors, LLC, ("Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers") Th; s Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(l) and (4). To the best of its knowledge and belief the Company states the following: - **( 1 )** The Company does not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3- 3, and - The Company is filing this Exemption report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. \$240.i7s-5 because the company limits its business activities exclusively to private placement of securities, including direct participation programs and merger and acquisition advisory services, and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3), throughout the most recent fiscal year without exception. **(2)** **I, Daniel Gillett, swear (or** affirm) **that,** to my **best** knowledge arid **belie;, this Exemption Report is true and correct.** **By:** Darnel Gillett "^Sole Member **,** 2022 Speyside Advisors, 1 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.