# HEWLETT POINT SECURITIES, LLC X-17A-5 (2024-11-19) — Broker-dealer annual report - Company: HEWLETT POINT SECURITIES, LLC - Form: X-17A-5 - Filed: 2024-11-19 - Period: 2022-12-31 - Accession: 0001777905-24-000003 - CIK: 1777905 - File #: 8-70348 - Type: Broker-dealer - Material weakness: No - Auditor: RGNC&S CPA's PLLC - Auditor location: Woodbury, NY - Contact: Robert Raynor - Phone: 9146454825 - Email: robert.raynor@hewlettpointsecurities.com - Website: hewlettpointsecurities.com - Signed by: Robert Raynot (COO) Original filing: https://www.sec.gov/Archives/edgar/data/1777905/000177790524000003/hps17a5thru123122sec870348.pdf --- {0}------------------------------------------------ Copy of document filed with the Securities and Exchange Commission on February 27, 2023 **HEWLETT POINT SECURITIES, LLC FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT PUBLIC ACCOUNTING FIRM ENDING DECEMBER 31, 2022 FINRA ID 304127** {1}------------------------------------------------ #### **December 31, 2022** # **(C0NFIDENTIAL PURSUANT TO RULE 17 a- 5 (e) (3))** #### *TABLE OF CONTENTS* | Facing Page
to Form X-17 A- 5 | 1 | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------|--| | Affirmation
of Officer | 2 | | | Report to Independent Registered Public Accounting | | | | Firm Statement of
Financial
Condition | 4 | | | Statement
of
Operations | | | | 6
Statement
of
Changes
in
Member's
Equity | | | | Statement
of
Cash
Flows | 7 | | | Notes
to
Financial
Statements | 8-11 | | | Supplementary
Information
Computation of Net Capital Under Rules 15c3-1 the Securities and
Exchange Commission | 12 | | | Computation for Determination of Reserve Requirements and
Information relating to Possession of Control Requirements Under
Rule 15c3-3 of the Securities and Exchange Commission (Except)13 | | | | Report of Independent Registered Public Accounting Firm Regarding Rule
15c3-3 Exemption Report | | | | SEC Rule 15c3-3 Exemption Report | 14 | | {2}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** | 0MB APPROVAL | | |---------------------------|--| | 0MB Number: 3235-0123 | | | Expires: Oct. 31, 2023 | | | Estimated average burden | | | hours per response:
12 | | | | | # **ANNUAL REPORTS** # **FORM X-17A-5** # **PART Ill** | SEC FILE NUMBER | | |-----------------|--| | 8-70348 | | I **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 1 Q/1 /21 | | AND ENDING 12/31 /22 | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|----------------------|------------------------------------------|--| | | MM/00/YY | | MM/00/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: Hewlett Point Securities, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
C!J Broker-dealer
D Security-based swap dealer
D Major security-based swap participant
D Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | 3932 Baden Drive | | | | | | (No. and Street) | | | | | | Holiday | Florida | | 34691 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Robert Raynor | (914 )645-4825 | | Robert.Raynor@Hewlettpointsecurities.com | | | (Name) | (Area Code -Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | RAPHAEL GOLDBERG NIKPOUR COHEN & SULLIVAN, CPA'S PLLC | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | 97 Froehlich Farm Blvd. | Woodbury | NY | 11797 | | | (Address)
02/23/2010 | (City) | (State)
5028 | (Zip Code) | | | te of Reg;,nafoo w;th PCAOB)(ff apphcable) | | | (PCAOB Reg;m,Uoo N"mbe,, ;f applicable) | | | FOR OFFICIAL USE ONLY
r | | | | | | | | | | | | • Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public | | | | | **:account:ant must bia supportiad by a st;,tiamiant of facts �nd circumstances relied on as the basis of the exemption, See** 17 CFR 240.17a-S(e)(l)(ii), if applicable. **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 0MB control number.** {3}------------------------------------------------ - - - - - - - - - - - - - - - - - - - - - - - - - - {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Members of Hewlett Point Securities LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Hewlett Point Securities LLC (the "Company") (a limited liability company), as of December 31, 2022 and the related statements of operations, changes in members' equity, and cash flows for the fifteen months then ended, and the related notes to the financial statements and supplemental information. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022, 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 the Company's management. Our responsibility is to express an opinion on the Company'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 the Company 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 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. #### **Auditors' Report on Supplemental Information** The supplemental information, the Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange Commission and the Computation for Determination of Reserve Requirements and information Relating to Possession and Control Requirements under SEC Rule 15c3-3 as contained on page 11, has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company'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, the Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange Commission and the Computation for Determination of Reserve Requirements and information Relating to Possession and Control Requirements under SEC Rule 15c3-3, is fairly stated in all material respects, in relation to the financial statements as a whole. Raphael Goldberg Nikpour Cohen & Sullivan Certified Public Accountants PLLC We have served as Hewlett Point Securities LLC's auditors since 2022. Woodbury, New York February 27, 2023 {5}------------------------------------------------ # **Hewlett Point Securities LLC Statement of Financial Condition For the Period ending December 31, 2022** #### **As of December 31, 2022** | | Dec 31, 22 | |----------------------------|------------| | ASSETS | | | Current Assets | | | Checking/Savings | \$7,892 | | Interactive Brokers | \$9,839 | | TOTAL ASSETS | \$17,731 | | LIABILITIES & EQUITY | | | Liabilities | | | Current Liabilities | \$44 | | Equity | | | Members Equity | \$24,679 | | Net Loss | \$(6,992) | | Total Equity | \$17,687 | | TOTAL LIABILITIES & EQUITY | \$17,731 | **See accompanying notes to financial statements** **These financial statements and schedules are deemed CONFIDENTIAL** **pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities and Exchange Commission.** {6}------------------------------------------------ #### **Hewlett Point Securities LLC Statement of Operations For the Period Ending December 31, 2022** | | -
December 31, 2022 | |-------------------------|------------------------| | Ordinary Income/Expense | | | Expense | | | Regulatory fees | \$5,200 | | Other expenses | \$1,792 | | Net Loss | \$(6,992) | **See accompanying notes to financial statements** **These financial statements and schedules are deemed CONFIDENTIAL** **pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities and Exchange Commission.** {7}------------------------------------------------ # **Hewlett Point Securities, LLC Statement of Changes in Members Equity For the Period ending December 31, 2022** | Member's Equity October 1, 2022 | \$19,479 | |-----------------------------------|-----------| | Net Income (Loss) | \$(6,992) | | Paid in Capital | \$5,200 | | | | | Member's Equity December 31, 2022 | \$17,687 | **See accompanying notes to financial statements** **These financial statements and schedules are deemed CONFIDENTIAL pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities and Exchange Commission.** {8}------------------------------------------------ # **Hewlett Point Securities, LLC Statement of Cash Flows For the Period ending December 31, 2022** | | December 31, 2022 | |-------------------------------------------|-------------------| | OPERATING ACTIVITIES | | | Net Loss | \$(6,992) | | Adjustments to reconcile Net Income | | | to net cash provided by operations: | | | Accounts Payable | \$44 | | Net cash used by Operating Activities | \$(6,948) | | FINANCING ACTIVITIES | | | Members contribution | \$5,200 | | Net cash provided by Financing Activities | \$5,200 | | Net cash for period | \$(1,748) | | Cash at beginning of period | \$19,479 | | Cash at end of period | \$17,731 | **See accompanying notes to financial statements** **These financial statements and schedules are deemed CONFIDENTIAL** **pursuant to subparagraph (e)(3) of Rule 17a-5 of the Securities and Exchange Commission.** {9}------------------------------------------------ ## **Hewlett Point Securities, LLC Notes to Financial Statements Period Ending December 31, 2022** ## **(1) Organization** Hewlett Point Securities LLC is a wholly owned company of Raynor and Roggen Holding LLC. The company wasfounded in November of 2018, in the state of Florida. Hewlett Point Securities LLC was authorized by FINRA and SIPC on October 28, 2021. Hewlett Point Capital is an Introducing Broker (IB), with the NFA. The anticipated clienteles are - Financial Institutions, Market Professionals, Advisors, Traders, and Family Offices. Utilizing the company's additional resource facilitates building their optimal operational infrastructures at the onset so they can focus on growing the businesses thereafter. Hewlett Point Securities tailors each client's account setup and technology building out to their specific goals and requirements. We provide a primary nexus to the futures industry and a dedicated point of contact within our firm, reducing noise and imprecision throughout the investing process. # **(2) Summary of Significant Accounting Policies (a) Basis of Presentation** The Company's financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America. ### **(b) Cash and Cash Equivalents** For purposes of the statement of cash flows, the Company considers highly liquid financial instruments with maturities of three months or less at the time of purchase to be cash and cash equivalents. #### **(c) Estimates** The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date ofthe financial statements and the reported amounts of revenues and expenses during the repo1ting period. Actual results could differ from those estimates. {10}------------------------------------------------ #### **(d) Fair Value of Financial Instruments** The Company measures the financial assets in three levels, based on the markets in which the assets and liabilities are traded, and the reliability of the assumptions used to dete1n1ine fair value. These levels are: - Level l Valuations for assets and liabilities traded in active exchange markets, or interest in open-end mutual funds that allow a company to sell its ownership interest back at net asset value ("NAV") on a daily basis. Valuations are obtained from readily available pricing sources for market transactions involving identical assets, liabilities or funds. - Level 2 Valuations for assets and liabilities traded in less active dealer, or broker markets, such as quoted prices for similar assets or liabilities or quoted prices in markets that are not active. Level 2 includes U.S. Treasury, U.S. government and agency debt securities, and mortgagebacked securities. Valuations are usually obtained from third party pricing services for identical or comparable assets or liabilities. - Level 3 Valuations for assets and liabilities that are derived from other valuation methodologies, such as option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. The availability of observable inputs can vary from instrument to instrument and in certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. ln such cases,an instrument's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement of an instrument requires judgment and consideration of factors specific to the instrument. At December 31, 2022, the Company's cash equivalent includes only "Cash in Bank" is valued utilizing quoted market prices for identical instruments and are thus categorized in Level 1 of the fair value hierarchy. #### **(e)Income Taxes** As a limited liability company, the Company is treated as a partnership for Federal and State income tax purposes. Under subchapter K of the Internal Revenue Code, each member is taxed separately on his distributive share of the Company's income whether or not that income is actually distributed. Accordingly, no provision for income taxes has been recorded in the accompanying statement of operations for the year ended December 31, 2022 {11}------------------------------------------------ ## **(f) Concentration, Risk and Credit Risk** During the Year End December 31, 2022 the Company had no revenues therefore there is no concentration of risk or credit risk. The Company maintains its cash in bank account at high credit quality financial institution. The account balance is insured by the Federal Deposit Corporation (FDIC). The balances have not exceeded federally insured limits of \$ 250,000 during the year ended December 31, 2022. #### **(g) Revenue Recognition** The Company anticipates earning revenues from brokerage, third party marketing, and consulting in accordance with the provision of the respective agreements. As this entity is a start up, there have been no revenues during the year ended December 31,2022. ## **3) Related Party Transactions** Until the company becomes self-sufficient it may rely on Raynor and Roggen for needed capital to maintain the net capital requirement. #### **(4) Commitments and Contingencies** At this time there are no commitments or contingencies. # **(5) Net Capital Requirements** As the Company is a member of the Financial Industry Regulatory Authority as a Broker Dealer (BD), the required net capital is \$5,000. At December 31, 2022, the Company had net capital of \$17687 which was \$12687 in excess of its required net capital of \$5,000. #### **(6) New Accounting Pronouncements** In 2017, the Financial Accounting Standards Board ("FASB") adopted ASC 606, Revenue from Contracts with Customers, which will supersede nearly all existing revenue recognition guidance under accounting principles generally accepted in the United States. The core principle of this standard is that revenue should be recognized for the amount of consideration expected to be received for promised goods or services transferred to customers. This standard will be effective for the Company for the annual reporting period beginning after December 15, 2017. {12}------------------------------------------------ The Company has evaluated the new guidance and the adoption is not expected to have a significant impact on the Company's financial statements and a cumulative effect adjustment under the modified retrospective method of adoption will not be necessary. #### **(7) Subsequent Event** The Company has evaluated subsequent events for the disclosure purposes through February 28, 2023. {13}------------------------------------------------ # **Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission (CONFIDENTIAL PURSUANT TO RULE 17a-5(e) (3)** ## **Dec 31, 2022** | Member's Equity | \$17,687 | |------------------------------------------------------------------------------------|----------| | Less nonallowable assets
Accounts receivable, prepaid expenses and other assets | 0 | | Net Capital | | | Before Haircuts on Money Market Fund | \$17,687 | | Haircuts | 0 | | Net Capital | \$17,687 | | Computed minimum net capital required (the greater of \$5,000 or 6 2/3% of | | | aggregate
indebtedness) | \$5,000 | | Excess net capital | \$12687 | | Aggregate
Indebtedness | \$44 | | Ratio of aggregate indebtedness to net capital | 0.25 | There are no material differences between the above computation and the Company's corresponding unaudited Form X-17A-5, Part II -A Focus filing as of December 31, 2022 {14}------------------------------------------------ # Computation for Determination of Reserve Requirements and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission December 31, 2022 The Company claims exemption from Securities Exchange Commission ("SEC") Rule 15c3-3 pursuant to the exemption provision of such paragraph (k)(2)(i) and, therefore, is not required to maintain a "Special Reserve Bank Account for the Exclusive Benefit of Customers. {15}------------------------------------------------ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.