# SPEYSIDE ADVISORS, LLC X-17A-5 (2025-03-31) — Broker-dealer annual report - Company: SPEYSIDE ADVISORS, LLC - Form: X-17A-5 - Filed: 2025-03-31 - Period: 2024-12-31 - Accession: 0001717927-25-000002 - CIK: 1717927 - File #: 8-70023 - Type: Broker-dealer - Material weakness: No - Auditor: McBee & Co. PC - Auditor location: Dallas, TX - Contact: Michael Taylor - Phone: 972-645-3250 - Email: mtaylor@speysideadvisors.com - Website: speysideadvisors.com - Signed by: Michael Taylor (President) Original filing: https://www.sec.gov/Archives/edgar/data/1717927/000171792725000002/speysideaudit24.pdf --- {0}------------------------------------------------ **UNITED** OMB APPROVAL **STATES SECURITIES AND EXCHANGE COMMISSION Washington,D.C. 20549** ## **ANNUAL REPORTS FORM X-17A-5 PART III** OMB Number:3235-0123 Expires:Nov. 30,2026 Estimated average burden hours per response: 12 | SEC FILE NUMBER | | |-----------------|--| | 8-70023 | | **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** 01/01/2024 **AND ENDING** 12/31/2024 MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** #### **NAME OF FIRM**. **:**Speyside Advisors, LLC **TYPE OF REGISTRANT (check all applicable boxes):** **0 Broker-dealer Security-based swap dealer Major security-based swap participant** Check here if respondent is also an OTC derivatives dealer **ADDRESS OF PRINCIPAL PLACE OF BUSINESS:(Do not use a P.O. box no.)** # 1910 Pacifc Ave. Ste 14183 | | (No.and Street) | | | |--------------------------------------------------|------------------------------------------------------------------------|--------------------|-------------------------------------------| | Dallas | TX | | 75201 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS | FILING | | | | Michael
Taylor | 972
645
3250 | | mtaylor@speysideadvisors.com | | (Name) | (Area Code -Telephone Number) | (Email Address) | | | | | | | | INDEPENDENT PUBLIC | B. ACCOUNTANT IDENTIFICATION
ACCOUNTANT whose reports are contained | in this
filing* | | | McBee
Co
C
&
P
., | | | | | Paulus
718 | (Name-ifindividual,state last,first,and middle name)
Dallas | TX | 75214 | | (Address) | (City) | (State) | (Zip Code) | | 09/22/2009 | | 3631 | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number,if applicable) | 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 collection of information containedinthis form are not required to respond unless the form displays a currently valid OMB control number.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** I, Michael Taylor ,swear (or affirm) that, to the best of my knowledge and belief,the *,* as of financial report pertaining to the firm of Speyside Advisors, LLC ,is true and correct. Ifurther swear (or affirm) that neither the company nor any partner,officer,director,or equivalent person,as the case may be,has any proprietary interest in any account classified solely as that of a customer. ,2024 12/31 Notary Public *X - l* *Q* **/**1 **^/ £** *' I ' l o i S* Signature!: **Title:** President 5 CHAZ MITCHELL **^ " '"Notary Public. State of Texas** **Comm. Expires 10-22-2028 This filing\*\*contains (check all applicable boxes):** Notary ID 132741915 **S** (a) Statement of financial condition. U - - (b) Notes to consolidated statement of financial condition. - H (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). - **B** (d) Statement of cash flows. - S (e) Statement of changes in stockholders'or partners'or sole proprietor's equity. - (f) Statement of changes inliabilities subordinated to claims of creditors. - B (g) Notes to consolidated financial statements. - **B** (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. - **B** (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 to17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.183-4,as applicable. - (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - **B** (m) Information relatingto possession or controlrequirements 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. - **B** (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. - **B** (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. - **B** (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. - **B** (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. - **B** (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-leor 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, 2024** {3}------------------------------------------------ #### **SPEYSIDE ADVISORS, LLC** #### CONTENTS | REPORT
OF
INDEPENDENT | REGISTERED
PUBLIC
ACCOUNTING
FIRM | 1 | |----------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|-------| | FINANCIAL
STATEMENTS | | | | Statement
of
financial | condition | 2 | | Statement
of
operations | | 3 | | of
Statement
changes | member's
in
equity | 4 | | of
Statement
cash
flows | | 5 | | financial
Notes
to | statements | 6-9 | | Supporting
Schedules | Information | | | Schedule
I: | 15c3-l
Computation
of
Capital
Under
Rule
Net
of
the
Securities
and
Exchange
Commission | 10-11 | | Schedule
II: | Statement
Requirements
and
Regarding
Reserve
Control
Possession
or
Requirements | 12 | | REPORT
OF
INDEPENDENT
REPORT
ON
EXEMPTION | REGISTERED
PUBLIC
ACCOUNTING
FIRM | 13 | | EXEMPTION
REPORT | | 14 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) A **Pnjtfeawpnal Corporalinn Certified** Public Accountants #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** ### **To the 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, 2024, 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, 2024, 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, Statement Regarding Reserve Requirements and Possession or Control Requirements ("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 March 28, 2025 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, 2024** ### **Assets** | Cash
Prepaid
expenses | \$
21,523
1,821 | |------------------------------------------------------------------|-----------------------| | Assets
Total | \$
23,344 | | Member's
Liabilities
and
Equity | | | Liabilities
payable
accrued
expenses
Accounts
and | \$
12,000 | | Total
Liabilities | 12,000 | | Member's
Equity | 11,344 | | Member's
Total
Liabilities
and
Equity | \$
23,344 | {6}------------------------------------------------ ## **SPEYSIDE ADVISORS, LLC STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2024** | Revenues | | |----------------------------------------------|-----------------| | Advisory
fees | \$
1,163,340 | | | | | Total
Revenues | 1,163,340 | | Expenses | | | Registered
representative
compensation | 1,011,340 | | fees
and
expenses
Regulatory | 4,200 | | Professional
fees | 37,130 | | Occupancy | 5,028 | | General
and
administrative | 111,614 | | Total
Expenses | 1,169,312 | | Net
Loss | \$
(5,972) | {7}------------------------------------------------ ## **SPEYSIDE ADVISORS, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2024** | at
Balance
31,
2023
December | \$17,316 | |------------------------------------------|----------| | Net
loss | (5,972) | | Balance
at
31,
2024
December | \$11,344 | {8}------------------------------------------------ ### **SPEYSIDE ADVISORS, LLC STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2024** | used
Cash
activities:
flows
in
operating | | |--------------------------------------------------------------------------------------|---------------| | Net
loss | \$
(5,972) | | to
to
cash
Adjustments
reconcile
net
loss
net
provided
by | | | activities:
(used
in)
operating | | | assets
Changes
and
in
liabilities | | | Decrease
accounts
receivable
in | 575 | | Decrease
prepaid
expenses
in | 500 | | Net
cash
used
operating
in
activities | (4,897) | | Net
decrease
cash
in | (4,897) | | of
Cash
at
year
beginning | 26,420 | | year
Cash
at
end
of | \$
21,523 | {9}------------------------------------------------ ## **SPEYSIDE ADVISORS, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024** # **NOTE 1 -Organization and Nature of Business** Speyside Advisors, LLC (the "Company"), was formed on May 11, 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. and Securities Investor Protection Corporation ("SIPC"). The Company operates as a Texas Limited Liability Company ("LLC") and is wholly-owned by a member. The Company is primarily engaged in providing private placement of securities, including direct participation programs and merger and acquisition advisory services. 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 The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. At December 31, 2024, 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 As of December 31, 2024, the Company had no accounts receivables. As of December 31, 2024, there was no allowance for doubtful accounts. #### Current Expected Credit Losses The Company accounts for estimated credit losses on financial assets measured at an amortized cost basis and certain off-balance sheet credit exposures in accordance with FASB ASC 326-20, Financial Instruments -Credit Losses. FASB ASC 326-20 requires the Company to estimate expected credit losses over the life of its financial assets and certain off-balance sheet exposures as of the reporting date based on relevant information about past events, current conditions, and reasonable and supportable forecasts. The Company records the estimate of expected credit losses as an allowance for credit losses. For financial assets measured at an amortized cost basis the allowance for credit losses is reported as a valuation account on the balance sheet that adjusts the asset's amortized cost basis. Changes in the allowance for credit losses are reported in Credit Loss expense. In management's opinion, any potential allowance for credit losses would not be material to the financial statements as of December 31, 2024. #### Revenue Recognition The Company provides private placement of securities, including direct participation programs and merger and acquisition advisory services. Advisory fees represent 100% of revenue earned by the Company for the year ended December 31, 2024. 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. {10}------------------------------------------------ #### **SPEYSIDE ADVISORS, LLC** #### **NOTES TO FINANCIAL STATEMENTS** #### **DECEMBER 31, 2024** # **NOTE 1 -Organization and Nature of Business (Cont.)** #### Revenue Recognition (Continued) 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. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. Retainers and other fees received from customers prior to recognizing revenue are reported in the accompanying statement of financial condition in deferred revenue. The Company receives reimbursements of operating expenses incurred by the Company on behalf of the customers who are receiving advisory services. Reimbursement of expenses are recorded on a net basis as the Company is acting as an agent, and recognize reimbursement of such expenses are incurred, as these costs are related to performance obligations that are satisfied over time. #### 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. #### Segment Reporting The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of private placement ofsecurities, including direct participation programs and merger and acquisition advisory services. The Company has identified its President as the chief operating decisions 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, which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or to 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 asthose described in the summary of significant accounting policies. Segment financial information is identical to that presented in the accompanying financial statements. {11}------------------------------------------------ ## **SPEYSIDE ADVISORS, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024** # **NOTE 1 -Organization and Nature of Business (Cont.)** #### 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. # **NOTE 2 -Net Capital Requirements** Pursuant to the net capital provisions of Rule 15c3~ lof 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, 2024, the Company had net capital of \$9,523, which was \$4,523 in excess of minimum net capital requirement of \$5,000. The Company's ratio of aggregate indebtedness to net capital was 12.6 to 1 . The Securities and Exchange Commission permits a ratio of no greater than 15 to 1. # **NOTE 2 -Concentration Risk and Revenue** 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. Approximately 82% of the Company's revenue is derived from one customer. # **NOTE 3 -Related Party Transactions** The sole member of the Company, a registered securities representative, generates most of the Company's revenues and receives most of the 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 may create operating results and financial position significantly different than if the companies were autonomous. # **NOTE 4 -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 5 -Commitments and Contingencies** There are currently no asserted claims or legal proceedings against the Company, however, the nature of the Company's business subjects it to various claims, regulatory examinations, and other proceedings in the ordinary course of business. The ultimate outcome of any such future action against the Company could have an adverse impact on the financial condition, results of operations, or cash flows of the Company. {12}------------------------------------------------ ## **SPEYSIDE ADVISORS, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024** # **NOTE 6 -Subsequent Events** As of January 2, 2025, Speyside Advisors, LLC sole member entered into an agreement to sell the ownership to a third-party partnership. The Company filed a Continued Membership Application with FINRA on February 13, 2025 for the change in ownership and was approved in March 21, 2025. In January 2025 and February 2025, the new member contributed a total of \$26,000 in additional capital. The Company has performed an evaluation of events that have occurred subsequent to December 31, 2024, and through March 28, 2025, the date of the filing of this report. There have been no other material subsequent events that occurred during such period that would require disclosure in this report or would be required to be recognized in the financial statements as of December 31, 2024. {13}------------------------------------------------ **Supplemental Information Pursuant to Rule 17a-5 of the Securities Exchange Act of 1934** **as of** **December 31, 2024** {14}------------------------------------------------ ### **Schedule I** ### **SPEYSIDE ADVISORS, LLC Computation of Net Capital Under Rule 15c3-l of the Securities and Exchange Commission As of December 31, 2024** | Net
Computation
of
Capital | | |----------------------------------------------------------------------------------------------------|--------------| | Total
member's
capital
equity
for
net
qualified | \$
11,344 | | and/or
charges
Deductions
Non-allowable
assets: | | | Prepaid
expenses | (T821) | | Total
deductions
from
net
worth | (T821) | | Net
Capital | \$
9,523 | | Aggregate
indebtedness
condition:
of
Items
statement
included
financial
in | | | accmed
Accounts
payable
and
expenses | 12,000 | | Total
indebtedness
aggregate | \$
12,000 | See accompanying report of independent registered public accounting firm. {15}------------------------------------------------ ### **Schedule I (continued)** ### **SPEYSIDE ADVISORS, EEC Computation of Net Capital Under Rule 15c3-l of the Securities and Exchange Commission As of December 31, 2024** ### **Computation of Basic Net Capital Requirement** | net
capital
required
Minimum | | |-------------------------------------------------------------------------------------------------|-----------------| | (6
2/3%
of
aggregate
indebtedness) | \$
800 | | | | | Net
of
Capital
dollar
Requirement
Reporting
Minimum
or
Broker
Dealer | \$
5,000 | | | | | Net
Capital
Requirement
Minimum | \$
5,000 | | | | | Net
of
Capital
Excess
Minimum
Requirement
in | \$
4,523 | | Net
of
10%
of
capital
greater
less
aggregate | | | indebtedness
or
120%
of
net
capital
minimum | \$
3,523 | | | | | Net
Ratio
of
Aggregate
Indebtedness
to
Capital | 1.26
to
1 | No material differences existed between the audited computation of net capital pursuant to Rule 15c3-l as of December 31, 2024 and the corresponding unaudited filing of part IIA of the amended 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. {16}------------------------------------------------ #### **Schedule II** #### **SPEYSIDE ADVISORS, LLC Statement Regarding Reserve Requirements and Possession or Control Requirements As of December 31, 2024** #### **EXEMPTIVE PROVISIONS** The Company is considered "Non-Covered Firm" 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. The Computation for Determination of Reserve Requirements and Information Relating to the Possession and Control Requirements are not required. See accompanying report of independent registered public accounting firm. {17}------------------------------------------------ **Report of Independent Registered Public Accounting Firm On Management's Exemption Report Required by SEC Rule 17a-5 Year Ended December 31, 2024** {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) A Professional CPTpC'TAticHi Certified **Pubid** AaauntinEs #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** ### **To the 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, 2024, without exception. Speyside Advisors, LLC's management is responsible for compliance with the provisions contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions 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 March 28, 2025 {19}------------------------------------------------ ![](_page_19_Picture_0.jpeg) ### **BROKER-DEALER ANNUAL EXEMPTION REPORT** **DECEMBER 31, 2024** 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"). This 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. §240.17a-5 because the company limits its business activities exclusively to private placement of securities, including direct participation programs and merger and acquisition advisory services, 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, Michael Taylor, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct.** **By:** Michael Taylor) President February 12, 2025 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.