# HUDSONWEST LLC X-17A-5 (2022-03-01) — Broker-dealer annual report - Company: HUDSONWEST LLC - Form: X-17A-5 - Filed: 2022-03-01 - Period: 2021-12-31 - Accession: 0001783743-22-000002 - CIK: 1783743 - File #: 8-70384 - Type: Broker-dealer - Material weakness: No - Auditor: Summit LLC - Auditor location: Denver, CO - Contact: Barry Gewolb - Phone: 952-201-1791 - Email: barry.gewolb@hudson-west.com - Website: hudson-west.com - Signed by: Barry Gewolb (CEO / CCO) Original filing: https://www.sec.gov/Archives/edgar/data/1783743/000178374322000002/X17A5Public.pdf --- {0}------------------------------------------------ FACING PAGE lnformation Required Pursuant to Rules L7a-5, L7a-L2, and !8a-7 under the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C' 20549 ANNUAL NEDONTE FORM X-17A-5 PART III MM/DD/YY OMB Number: ?215 01,1i Expires: Lrr.l j 1, :il2l Estimated average burden hours per response: i l B-70384 FILING FOR THE PERIOD BEGINNING 1 I1 12021 AND ENDTNG 1213112021 A. REGISTRANT I DENTI FICATION NAME OF FIRM HudsonWest LLC TYPE OF REGISTRANT (check all applicable boxes): .. Broker-dealer ' l Security-based swap dealer Check here if respondent is also an OTC derivatives dealer -' Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O' box no') 255 Saint Paul St #207 Denver (No. and Street) CO 80206 (city) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING (zip Code) barry.gewolb@hudson-west.com Barry Gewolb 952-201-1791 (Area Code - Telephone Number) (EmailAddress) B. ACCOU NTANT I DENTI FICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Summit LLC (Name - if individual, state last, first, and middle name) 999l Bth Street, Suite 3000 Denver CO 80202 (Address) 1210312010 (City) (State) 5251 (Zip Code) (Date of Registration with PCAOB)(If applicable) PCAOB Registration Numb-eir Lt-gpp]i9!]91 i- FoR oFFlclAL usE oNLY i M M/DD/YY " C-,aims i-or. u\*"nrption tro, rt.," ,"qrir"r.,"nt that ihe unnr.t'i"portt bL .o\*r.JUV tn" ,"portt of ,n inOep"nOent public accountant riust be supported by a statement of facts and circumstances relied on as the basis of the exemption. See i7 CFR 240.17a-5(eXl)(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. l I {1}------------------------------------------------ #### OATH OR AFFIRMATION | Barry Gewolb | swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------| | | as of
financial report pertaining to the firm of HudsonWest LLC | | 12/31 | . is true and correct. I further swear (or affirm) that noither than annu | | | 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. | | | Notary Public | MARILYN COURTNEY YOUNG
Signature
NOTARY PUBLIC - STATE OF COLORADO
NOTARY ID 20134077110
MY COMMISSION EXPIRES DEC 5, 2025
Title:
CEO / CCO | | | 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). | | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | | | *** (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. - ് (b) 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. - [] (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - i ) (i) 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. - [] (!) 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. - ്ച് (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, 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-12, 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. - َ 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). - i (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable. {2}------------------------------------------------ Filed as PUBLIC information pursuant to Rule 17a-5(d) under the Securities Exchange Act of 1934. # HUDSONWEST LLC Financial Statements As of December 31, 2021 In accordance with Rule 17A-5(d) > Summit LLC Cermed Rubin, Accountants # # 18tr Street • Suite 3000 Depver, Cors020? ![](_page_2_Picture_4.jpeg) {3}------------------------------------------------ | | Page (s) | |--------------------------------------------------------|----------| | Independent Registered Public Accounting Firm's Report | 3 | | Statement of Financial Condition | খ | | Notes to Financial Statements | 5 | {4}------------------------------------------------ # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM #### To the Members of HudsonWest LLC ### Opinion on the Financial Statement Opinion of the accompanying statement of financial condition of HudsonWest LLC as of Deember 31, 2021. We have auction for the linely referred to as the financial statement. We have auctied the acompany in than and in manufactures inn the man and the man of financial and the related notes (collectives as the financial natify of HudsonWest LC as ard the related notes (collectives respects, the financial position of HustonWest L.C. as of December 31, concilion presents fairly, in all materials annorally accepted in th condition presents fairy, in all material respects, the imanoul political of America. 2021 in conformity with accounting principles generally accepted in the United States of #### Basis for Opinion Bass for open is the responsibility of HudsonWest LLC management. Our responsibility is to express an This financial statement is the responsibility of Hutsulves ene a public accounting firm registered opinion on HudsonWest LLC's financial statement based on our acquired to b opinion on HudsonWest LLC's financial states of our action of the more of only and and one of on with the Public Company Accounting Oversight Board (United States) (Allen with the Public Company Account.ne With the U.S. federal securities laws and the applicable rules and with respect to Hudson West LLC in accordance with the U.S. federal secu with respect to Hudsonwest EEO in accordance than regulations of the Securities and Exchange Commission and the PCAOB. regulations of the Courtified the standards of the PCAOB. Those standards require that we plan and We conducted our audit in accordance with the startials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . perform the audit to obtain reasonable assurance about included one of any instructions missiatement, whether due to erain included performing procedures that misstatement whether due to eror of fraud. Dur and moder performing procedures that material cisstatement of the financial whether due to erior of fraud, and until an material misstatement of the financel statement, when and ence establing the amounts and respond to those risks. Such procedures included evaluating the accounting the accounting the accounting the financial disclosures in the financial statement, as well as evaluating the does and of the financial significant estimates made by management, as well as evaluating the overall progra significant estimates Thate by management, as won as a man We nave served as HudsonWest LLC's auditor since 2020. . Samment Denver Colorado February 11, 2022 {5}------------------------------------------------ #### HUDSONWEST LLC ## STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 #### ASSETS | Cash | \$ | 38,180 | |--------------------------------------------------|-----|---------| | | ન્ડ | 38,180 | | LIABILITIES AND MEMBERS' EQUITY | | | | L'ABILITIES: | | | | Accounts payable and accrued expenses | న | 22 | | Total iabilities | | 22 | | COMMITMENTS AND CONTINGENCIES (Notes 4, 5 and 6) | | | | MEMBERS' EQUITY (Note 3): | | | | Members' interests | | 41,459 | | Accumulated deficit | | (3,301) | | Total members' equity | | 38, 258 | | | \$ | 38, 180 | The Accompanying notes are integral part of these Financial Statements {6}------------------------------------------------ ### HUDSONWEST LLC #### NOTES TO FINANCIAL STATEMENTS (Continued) ## NOTE 1 - ### Organization and Business HudsonWest LLC, (the "Company") was incorporated as a limited liability company in the state of Huasonwest LEC, (the Company's primary activity is rendering corporate financial advisory Colorado on March 20, 2019. The Company's primary activity with responstal on with Co.orado on Ma.c.ir 20, 2019. The Sompany of Cally involve advice with respect to equity-linked Services to Selected thems. "Such admisory of the Company commenced operations in February l.har.chiga and equiry inked defrather transable of 2020 and registered with the Securities and Exchange Commission and Co. 2020 o : Ecolority, Inc. as a Capital Acquisition Broker-dealer on February 18, 2020. The Company, under ruie 15c3-3(k)(2)(i), is exempt from the customer reserve and possession or control i he Company, ande 1563 of the Securities and Exchange Commission. The Company does not carry or clear customer transactions. #### Revenue Recognition Revenues are recognized when earned and arise from financial advisory services when services Revenues are recognized when earlied and fees are primarily recorded at a point in time when services Con. Jany to ts cherts. Salents: Salents and income is reasonably determinable, generally as a thorth under for the transactor.s are completed and most and most is generally due upon compietion of the the terms of the chaightent Payment Paymond from certain advisory services are recognized ratably over the propress of contract the isaction. Netailer receives the benefit of the services throughout the term of each contract, seriod es the castomer resorted in the res of each contract. All revenues in this audit period were fully earned upon completion of each related transaction. #### Income Taxes The Company mace an election to be taxed as a limited liability company under the Internal Revenue !!.e Con.pary mace an election to as and the more taxes included in the accompanying financial Code: Accordingly, there 15 ho procession in the Company's members on the respective tax Statements. An medified the expenses resurrs. The 2017 through 2021 tax years generally remain subject to examination by U.S. federal and most state tax authorities. #### Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in The U.C.Sa.e.or of Amandal consisted on the estimates and assumptions that affect the dese the Stites of America requires reported amounts of assets and disclosure of contingent assets and liabilities at the date reported and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. {7}------------------------------------------------ ### HUDSONWEST LLC #### NOTES TO FINANCIAL STATEMENTS (Continued) #### Fair Value Measurement The Financial Accounting Standards Board issued FASB ASC 820 (Accounting Standards Codification 820, "Fair Value Nleasurements and Disclosures") defines fair value, establishes a framework for measuring fair value, and estabilishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to seil the asset or transfer the liability occurs in the principal market for the asset or tability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified by FASB ASC 820, are used to the are fairwatue. The company does not hold any positions besides cash as of December 31, 2021. #### ADVISORY ARRANGEMENTS NOTE 2 - The Company earns revenues and fees from financial advisory services provided by the Company to its clients pursuant to agreements entered into from time to time with its clients. ## NOTE 3 - Pursuant to the net capital provisions of rule 15c3-1 of the Securities Exchange Act of 1934, the Company is required to maintain a minimum net capital, as defined under such provisions. At December 31, 2021, the Company has net capital and net capital requirements of \$31,746 and \$5,000, respectively. The Company's net capital ratio (aggregate indebtedness to net capital) was .00009 to 1. According to rule 15c3-1, the Company's net capital ratio shall not exceed 15 to 1. #### MEMBERS' EQUITY NOTE 4 - The Company's sole member, Barry J. Gewolb, owns 100% of the Company. #### NOTE 3 -COMMITMENTS The Company does not lease office space from a commercial building. Current rent expense is paid for a month-to-month agreement, as needed, and has no commitment. {8}------------------------------------------------ #### NOTES TO FINANCIAL STATEMENTS ## NOTE 6 - FINANCIAL INSTRUMENTS, RISKS AND UNCERTAINTIES For the year ended December 31, 2021, the Company did not earn any revenue. The Company's financial instruments, including cash, receivables, other assets and payable same - The The company sthandlarmedia walle to the short-term nature of these instruments. The at anounts that bash in bank deposit accounts that, at times, may exceed federaliy insured Company has not experienced any losses in such accounts. Management believes that the Combany is not exposed to any significant credit risk on cash. The Company enters into various transactions with other companies and/or financial institutions. This This This This This This This This This This This This This This This Th me company of the more more and their obligations, the Company may be exposed to risk. This risk. This risk eventually depends on the creditworthiness of the counterparties to these transactions. it is the spayat of tuerault depends on the ensure to and creditworthiness of each party with which it conducts business. In the normal course of pusiness, the Company enters into contracts and agreements that contain a in the normal course of bashwarranties that may subject the Company to litigation risk under certain t and of be new esentations and mum exposure under these arrangements is unknown, as this would of constances. The Company of maniled against the Company that have not yet occurred. Management i.fverture oldine that mat may future obligation under these arrangements to be remote. CON.D-19 has presented substantial risks to companies. Management continually assesses any risks as any hisks as t Contract has programed sobseries on the operations of the Company. The Company has not identified any material impacts on operations. #### SUBSEQUENT REVIEW NOTE 7 - The Company has performed an evaluation of subsequent events through February 11, 2022, which is the date the financial statements were available to be issued. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.