# HEWLETT POINT SECURITIES, LLC X-17A-5 (2025-02-19) — Broker-dealer annual report

- Company: HEWLETT POINT SECURITIES, LLC
- Form: X-17A-5
- Filed: 2025-02-19
- Period: 2024-12-31
- Accession: 0001777905-25-000001
- CIK: 1777905
- File #: 8-70348
- Type: Broker-dealer
- Material weakness: No
- Auditor: Tuttle and Bond, PLLC
- Auditor location: Giddings, TX
- Contact: Robert Raynor
- Phone: 9146454825
- Email: roggen@hewlettpointcapital.com
- Website: hewlettpointcapital.com
- Signed by: Alan Roggen (CEO)

Original filing: https://www.sec.gov/Archives/edgar/data/1777905/000177790525000001/publicaudithps2024p.pdf

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The following report is for the public filing.

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| UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549                                  |                                                                                                                                      | OMB APPROVAL<br>OMB Number: 3235-0123<br>Expires: Nov. 30, 2026<br>Estimated average burden<br>hours per response: 12 |                                            |
|----------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|--------------------------------------------|
| ANNUAL REPORTS                                                                                                 |                                                                                                                                      | SEC FILE NUMBER                                                                                                       |                                            |
| FORM X-17A-5                                                                                                   |                                                                                                                                      |                                                                                                                       | 8-70348                                    |
|                                                                                                                | PART III                                                                                                                             |                                                                                                                       |                                            |
| filing for the period beginning 01/01/24                                                                       | FACING PAGE<br>Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934<br>MM/DD/YY | AND ENDING 12/31/24                                                                                                   | MM/DD/YY                                   |
|                                                                                                                | A. REGISTRANT IDENTIFICATION                                                                                                         |                                                                                                                       |                                            |
|                                                                                                                | NAME OF FIRM: HEWLETT POINT SECURITIES, LLC                                                                                          |                                                                                                                       |                                            |
| TYPE OF REGISTRANT (check all applicable boxes):<br>Check here if respondent is also an OTC derivatives dealer | Broker-dealer                                                                                                                        |                                                                                                                       |                                            |
|                                                                                                                | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)                                                                  |                                                                                                                       |                                            |
| 3932 BADEN DRIVE                                                                                               |                                                                                                                                      |                                                                                                                       |                                            |
|                                                                                                                | (No. and Street)                                                                                                                     |                                                                                                                       |                                            |
| HOLIDAY                                                                                                        | ﯩ                                                                                                                                    |                                                                                                                       | 34691                                      |
| (City)                                                                                                         | (State)                                                                                                                              |                                                                                                                       | (Zip Code)                                 |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                   |                                                                                                                                      |                                                                                                                       |                                            |
| Alan Roggen                                                                                                    | 561-802-0741                                                                                                                         |                                                                                                                       | Alan. Roggen@hewlettpointcapital.com       |
| (Name)                                                                                                         | (Area Code - Telephone Number)                                                                                                       |                                                                                                                       | (Email Address)                            |
|                                                                                                                | B. ACCOUNTANT IDENTIFICATION                                                                                                         |                                                                                                                       |                                            |
| Tuttle & Bond, PLLC                                                                                            | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing *                                                           |                                                                                                                       |                                            |
|                                                                                                                | (Name - if individual, state last, first, and middle name)                                                                           |                                                                                                                       |                                            |
| 3488 South U.S. Hwy 77                                                                                         | Giddings                                                                                                                             | X                                                                                                                     | 78942                                      |
| (Address)                                                                                                      | (City)                                                                                                                               | (State)                                                                                                               | (Zip Code)                                 |
| 03/19/2019                                                                                                     |                                                                                                                                      | 6543                                                                                                                  |                                            |
| (Date of Registration with PCAOB)(if applicable)                                                               | FOR OFFICIAL USE ONLY                                                                                                                |                                                                                                                       | (PCAOB Registration Number, if applicable) |

\* Claims for exemption from the requirement that the annual 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)(1)(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 OMB control number.

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### OATH OR AFFIRMATION

I. Alan Roggen \_ swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of HEWLETT POINT SECURITIES, LLC . as of 12/31 , 2 024 is true and correct. I further 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.

otarv Public

Signature Title · CEO

![](_page_2_Picture_5.jpeg)

### This filing\*\* contains (check all applicable boxes):

- (a) Statement of financial condition.
- (b) Notes to consolidated statement of financial condition.
- [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).
- [ (d) Statement of cash flows.
- [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- [ (f) Statement of changes in liabilities subordinated to claims of creditors.
- [ (g) Notes to consolidated financial statements.
- [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- [ (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- [i) 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.
- (1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
- [ (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.
- | (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, 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.
- (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 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.
- □ (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.
- [ [u] Independent public accountant's report based on an examination of the 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.
- [ {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 240.17a-12, as applicable.
- [ (y) Report describing any material inadequacies 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).
- O (z) Other: \_\_
- \*\* To request confidential treatment of certain portions of this fling, see 17 CFR 240.17a-5(d)(2), as applicable.

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Hewlett Point Securities LLC

Financial Statements and Supplemental Schedules Required by the U.S. Securities and Exchange Commission

Including Independent Auditor's Report Thereon

December 31, 2024

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# Contents

| Independent Auditor's Opinion                                         |  |
|-----------------------------------------------------------------------|--|
| Statement of Financial Condition For the year ended December 31, 2024 |  |
| Footnotes to Financial Statements                                     |  |

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![](_page_5_Picture_0.jpeg)

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Member's of Hewlett Point Securities LLC

# Opinion on Financial Statements

We have audited the accompanying statement of financial condition of Hewlett Point Securities LLC (the "Company") as of December 31, 2024, and the related statements of operations, member's equity and cash flows for the year then ended notes (collectively referred to as "financial statements"). In our opinion, the financial statements present the financial position of the Company as of December 31, 2024, and the results of 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 of these financial statements in accordance with the standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal reporting. Accordingly, we express no such opinion.

Tuttle & Bond. PLLC

Giddings, Texas February 4, 2025 We have served as the auditor for Hewlett Point Securities LLC since 2024.

![](_page_5_Picture_10.jpeg)

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# Hewlett Point Securities LLC Financial Statements Statement of Financial Condition For the year ended December 31, 2024

|                                     | Dec 31, 2024 |
|-------------------------------------|--------------|
| ASSETS                              |              |
| Current Assets                      |              |
| Cash                                |              |
| Axos BasicBus0001                   | \$ 2,164     |
| IB U7804220                         | 69,681       |
| Interactive Brokers Correspondent   | 2,160        |
| Total Cash                          | \$ 74,005    |
| TOTAL ASSETS (all current )         | \$ 74,005    |
| LIABILITIES & EQUITY<br>Liabilities |              |
| Current Liabilities                 |              |
| Credit Cards                        | 156          |
| Inter-company transfer              | 3,409        |
| Total Liabilities (all current)     | 3,565        |
| Equity                              |              |
| Retained earnings                   | (111,614)    |
| Net Income                          | 182,053      |
| Total Equity                        | \$ 70,440    |
| TOTAL LIABILITIES & EQUITY          | \$ 74,005    |

The accompanying notes are an integral part of these financial statements.

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# Hewlett Point Securities LLC Footnotes to Financial Statements For the year ended December 31, 2024 (continued)

# Note 6 - Revenue Recognition

The Company adopted ASU 2014-09, Revenue from Contracts with Customers, (codified in ASC 606). The Company recognizes revenue when services are transferred to clients. Revenue is recognized based on the amount of consideration that management expects to receive in exchange for these services in accordance with the terms of the contract with the client. To determine the amount and timing of revenue recognition, the Company must (1) identify the contract with the client, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when the Company satisfies a performance obligation.

### General Securities Revenue

The Company has entered into a clearing agreement with a clearing broker whereby it introduces customers and receives revenue. Customers enter into a customer agreement with the clearing broker which establishes the terms under which the customer agrees to compensate the parties for transactions provided, including the purchase and sale of financial products and fees for account maintenance. The transaction price is determined by the market and may include a commission or markup ("transaction fees") added by the Company. The Company or clearing affiliate may charge/earn fees for margin lending, balances held, and sundry services ("other services"), as set forth in the customer agreement, which fees may be shared with the Company. All services are satisfied, and transaction and other fees are recognized, on the transaction date; the date in which the underlying financial instrument is purchased or sold, the purchaser or seller is identified, pricing is agreed, risk and rewards of ownership or dispossession has occurred and transferred, and other transaction services have been provided.

# Note 7 - Net Capital Requirements

The Company is a member of FINRA and subject to the Securities and Exchange Commission's Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net capital of \$5,000 and requires that the ratio of aggregate indebtedness to net capital, both as defined, not exceed 15 to 1. At December 31, 2024, the Company had net capital of \$70440 which was \$65440 in excess of the amount required. The Company's ratio of aggregate indebtedness to net capital was 0.05 to 1.

### Possession or Control Requirements

The Company does not have any possession or control of customer funds or securities. There were no material inadequacies in the procedures followed in adhering to the exemptive provisions of SEC Rule 15c-3- 3(k)(2)(ii) by promptly transmitting all customer funds or securities to the clearing broker who carries the customer accounts.

### Note 8 - Subsequent Events

The Company has evaluated subsequent events through the date these financial statements were available to be issued and did not identify any material subsequent events requiring adjustments to or disclosure in its financial statements.


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.