# TEXTURE CAPITAL, INC. X-17A-5 (2021-09-28) — Broker-dealer annual report - Company: TEXTURE CAPITAL, INC. - Form: X-17A-5 - Filed: 2021-09-28 - Period: 2021-06-30 - Accession: 0001769517-21-000013 - CIK: 1769517 - File #: 8-70310 - Material weakness: No - Auditor: Citrin Cooperman & Company LLP - Auditor location: New York, NY - Contact: Richard Johnson - Phone: 6469798558 - Signed by: Richard Johnson (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1769517/000176951721000013/texpublic.pdf --- {0}------------------------------------------------ # TEXTURE CAPITAL INC ## STATEMENT OF FINANCIAL CONDITION JUNE 30, 2021 {1}------------------------------------------------ UNITED STATIES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: October 31, 2023 Estimated average burden hours per response .. . . . . . 12.00 # ANNUAL AUDITED REPORT FORM X-17A-5 PART III | SEC FILE NUMBER | | |-----------------|--| | 8-70310 | | | | | FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder | REPORT FOR THE PERIOD BEGINNING | 09/28/2020 | AND ENDING | 06/30/2021 | | |-------------------------------------------------------------------------------------------|--------------------------------------------------------|------------|--------------------------------|--| | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER: | Texture Capital, Inc, | | OFFICIAL USE ONLY | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | FIRM I.D. NO. | | | 59 Strong Place | | | | | | | (No. and Street) | | | | | Brooklyn | NY | | 11231 | | | (City) | (State) | | (Zip Code) | | | NAME AND TEEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Richard Johnson | | | 646 979 8558 | | | | | | (Area Code - Telephone Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report* | | | | | | Citrin Cooperman & Company, LLP | | | | | | | (Name - if individual, state last, first, middle name) | | | | | 529 Fifth Avenue | New York | NY | 10017 | | | (Address) | (City) | (State) | (Zip Code) | | | CHECK ONE: | | | | | | Certified Public Accountant | | | | | | Public Accountant | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | | | | | | | \* Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240. 17a-5(e)(2) > Potential persons who are to respond to the collection of Information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1410 (11-05) {2}------------------------------------------------ #### OATH OR AFFIRMATION | 1. | Richard Johnson | , swear (or affirm) that, to the best of | |------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------| | | Texture Capital, Inc, | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
and as a sual as | | of June 30 | | 20 21 are true and correct. I further swear (or affirm) that | | | classified solely as that of a customer, except as follows: | neither the company nor any partner, principal officer or director has any proprietary interest in any account | | | | | | | | Signature
8 | | | | Title | | | Notary Public
This report ** contains (check all applicable boxes):
1 (a) Facing Page.
(b) Statement of Financial Condition. | WANDA TORRES
Notary Public, State of New York
No.01TO6390859
Qualified in Richmond County
Commission Expires April 22 2023 | | | of Comprehensive Income (as defined in §210.1-02 of Regulation S-X). | (c) Statement of Income (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement | | | (d) Statement of Changes in Financial Condition.
(e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
(f) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
(g) Computation of Net Capital. | | | | (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3.
(i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. | (i) A Reconciliation, including appropriate explanation of Net Capital Under Rule 15c3-1 and the | | | Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 1503-3. | | | | consolidation. | (k) A Reconciliation between the audited Statements of Financial Condition with respect to methods of | | | V (1) An Oath or Affirmation.
(m) A copy of the SIPC Supplemental Report. | | | | (o) Exemption Report | (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. | | | ** For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)/3). | | {3}------------------------------------------------ ## TEXTURE CAPITAL INC #### JUNE 30, 2021 #### TABLE OF CONTENTS #### Report of Independent Registered Public Accounting Firm | Financial Statement: | Page | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------| | –ƒ–‡‡–'ˆ ‹ƒ…‹ƒŽ'†‹–‹'ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤͳ | | | '–‡•–'–Ї ‹ƒ…‹ƒŽ–ƒ–‡‡–ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤʹǦͶ | | See accompanying notes to the Financial Statement {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Stockholder Texture Capital, Inc. #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Texture Capital, Inc. as of June 30, 2021, 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 Texture Capital, Inc. as of June 30, 2021, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of Texture Capital, Inc.'s management. Our responsibility is to express an opinion on Texture Capital, Inc.'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 Texture Capital, Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as Texture Capital, Inc.'s auditor since 2021. New York, New York September 27, 2021 {5}------------------------------------------------ ## TEXTURE CAPITAL INC STATEMENT OF FINANCIAL CONDITION JUNE 30, 2021 #### ASSETS | ƒ•Š
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͵ǡͲͲʹ | |-----------------------------------------------|----|---------------------------| | Total assets | ̈́ | Ͷͳ͹ǡͷʹͷ | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | ‹ƒ"‹Ž‹–‹‡•ǣ | | | | ……'—–•'ƒ›ƒ"އ | ̈́ | ͷǡʹͲͲ | | Total liabilities | | ͷǡʹͲͲ | | –'…Š'ކ‡"̵•"—‹–›ǣ | | | | ''–'…ǡ'ƒ"˜ƒŽ—‡̈́ǤͲͳǡͳǡͷͲͲ•Šƒ"‡•ƒ—–Š'"‹œ‡† | | | | ͳǡͷͲͲ•Šƒ"‡•‹••—‡†ƒ†'—–•–ƒ†‹‰ | | ͳͷ | | ††‹–‹'ƒŽ'ƒ‹†Ǧ‹…ƒ'‹–ƒŽ | | ͸ͶͶǡͻͺͷ | | ……——Žƒ–‡††‡ˆ‹…‹– | | ȋʹ͵ʹǡ͸͹ͷȌ | | Total stockholder's equity | | Ͷͳʹǡ͵ʹͷ | | Total liabilities and stockholder's equity | ̈́ | Ͷͳ͹ǡͷʹͷ | See accompanying notes to the Financial Statement {6}------------------------------------------------ #### 1. ORGANIZATION AND DESCRIPTION OF BUSINESS ȋ ̶̶Ȍ Ǧ ȋ̶̶ȌǤͺǡʹͲͳͺ Ǥ Ǧ ͳͻ͵Ͷ ǡ Ǥȋ̶ ̶Ȍ ȋDz dzȌǡ ʹͺǡ ʹͲʹͲǤ Ǥ ǡ Ǥ ͳͷ͵Ǧ͵ ͳͻ͵Ͷǡ Ͷ ͵ͶǦͲͲ͵ ǡǡ ǡ ȋ ȋȌȋȌȋʹȌͳͷʹǦͶȀ ȌǢ ǢǤ ǡǡ Ǥ ## 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ## Concentration of risk Ǥ Ǧ ̈́ʹͷͲǡͲͲͲ Ǥ Ǥ ## Use of estimates Ǥ Ǥ {7}------------------------------------------------ ## TEXTURE CAPITAL INC NOTES TO THE FINANCIAL STATEMENT JUNE 30, 2021 #### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) #### Income taxes Ǧǡ Ǥǯ ǡǡ Ǥ ͵Ͳǡ ʹͲʹͳǤ #### Uncertain tax positions ȋ̶ ̶Ȍȋ̶̶Ȍ ͶͲǡ Ǥǡǡ ǡ ǡ Ǥ ǡ Ǥ ͵Ͳǡ ʹͲʹͳǡ Ǥ ̵ ǡ Ǥ ǡ ǡ ̵. ## Recent Accounting Developments ʹͲͳǡ ȋDzdzȌʹͲͳǦͳ͵ǡMeasurement of Credit Losses on Financial InstrumentsǦCredit LossesȋDz͵ʹdzȌǤ ͵ʹ Ǥǡ ǤǤ Ǥ Ǥ ȋǤǤǡ Ȍǡ Ǥ ͳǡ ʹͲʹͲǡ ͵ʹ Ǧǡ ̵Ǥ {8}------------------------------------------------ ## TEXTURE CAPITAL INC NOTES TO THE FINANCIAL STATEMENT JUNE 30, 2021 ## 3. NET CAPITAL REQUIREMENTS ͳͷ͵Ǧͳ ǡǡ ǡ ǡ Ǥ ǡ ̈́ͷǡͲͲͲͳʹ ͳȀʹΨǤ ͵ͲǡʹͲʹͳǡǡǡ̈́ͶͲǡ͵ʹͳǡ ̈́ͷǡͲͲͲ ̈́ͶͲͳǡ͵ʹͳǤ ͵Ͳǡ ʹͲʹͳ̈́ͷǡʹͲͲǤǯ ͳǤʹͺΨǤ #### 4. COVID-19 ͵ͲǡʹͲʹͲǡ ̶ ̶ͳͳǡʹͲʹͲǡ Ǥ ǡ ǡ Ǥ ǡ Ǥ ʹǡ ʹͲʹͲǡ ǡ ǡ ȋ Ȍ ǡ ǡǤ #### 5. SUBSEQUENT EVENTS ͵ͲǡʹͲʹͳ ǯǤ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.