# HAMPTONROCK PARTNERS, LLC X-17A-5 (2024-03-08) — Broker-dealer annual report - Company: HAMPTONROCK PARTNERS, LLC - Form: X-17A-5 - Filed: 2024-03-08 - Period: 2023-12-31 - Accession: 0001795990-24-000001 - CIK: 1795990 - File #: 8-70461 - Type: Broker-dealer - Material weakness: No - Auditor: McBee & Co. - Auditor location: Dallas, TX - Contact: Rhenee Roge - Phone: 214-536-3676 - Email: rroge@hamptonrock.com - Website: hamptonrock.com - Signed by: Stuart Brown (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1795990/000179599024000001/hrp2023annualauditreportt.pdf --- {0}------------------------------------------------ | | UNITED STATES | | OMB APPROVAL | | |------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|--------------------------------------------|----------------------------------------------------|--| | | SECURITIES AND EXCHANGE COMMISSION | | OMB Number: 3235-0123 | | | | | | Expires: Nov. 30, 2026 | | | | Washington, D.C. 20549 | | Estimated average burden
hours per response: 12 | | | | ANNUAL REPORTS | | SEC FILE NUMBER | | | | FORM X-17A-5 | | 8-70461 | | | | PART III | | | | | | | | | | | | 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 01/01/2023 | | | | | | | M M / D D / Y Y | | M M / D D / Y Y | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | | | NAME OF FIRM: HamptonRock Partners, LLC | | | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | ച Broker-dealer
L 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.) | | | | | | 100 Crescent Court, Ste. 525 | | | | | | | (No.and Street) | | | | | Dallas | TX | | 75201 | | | (City) | (State) | | (Zip Code) | | | | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Rhenée Rogé | 214-536-3676 | rroge@hamptonrock.com | | | | ( N a m e ) | (Area Code - Telephone Num ber) | (Em ail Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | McBee & Co. | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | 718 Paulus Ave. | Dallas | TX | 75214 | | | (Address) | (C ity ) | (State) | (Zip Code) | | | September 22, 2009 | | 003631 | | | | (Date of Registration with PCAOB)(if applicable) | | (PCAOB Registration Number, if applicable) | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | * 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 O M B controlnum ber. {1}------------------------------------------------ ### OATH OR AFFIRMATION | Stuart Brown | , swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of HamptonRock Partners, LLC | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | 12/31 | __ , 2023__ 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 proprietary interest in any account classified solely | | cuctomer
25 1
JILL M. BIAVATI
My Notary ID # 962113
Expires September 15, 2025 | Signature:
Title:
CEO | | Notary Public | | | This filing** contains (check all applicable boxes): | | | = (a) Statement of financial condition. | | | _ (b) Notes to consolidated statement of financial condition. | | | comprehensive income (as defined in § 210.1-02 of Regulation S-X). | (c) Statement of income (loss) or, if there is other comprehensive in the period(s) presented, a statement of | | = (d) Statement of cash flows. | | | | e | - □ (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. - (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 to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - □ (I) 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 capible 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 subsidiated in the statement of financial condition. - | | | Oath or affirmation in accordance with 17 CFR 240.17a-5, 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. - | 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). - □ (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(d)(2), as applicable. {2}------------------------------------------------ # HamptonRock Partners LLC Financial Statements, Notes to Financial Statements, Supplemental Information and Exemption Report Year Ended December 31, 2023 {3}------------------------------------------------ ### HamptonRock Partners, LLC December 31, 2023 # Table of Contents | Report of Independent Registered Public Accounting Firm | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Financial Statements | | Statement of Financial Condition | | Statement of Operations | | Statement of Changes in Member's Equity | | Statement of Cash Flows | | Notes to Financial Statements | | Supplemental Information | | Schedule I -Computation of Net Capital Under Rule 15c3-1 of the
Securities and Exchange Commission
Schedule II - Statement Regarding Customer Reserve Requirem ent | | And Possession or Control Requirements | | Exemption Report | | Report of Independent Registered Public Accounting Firm | | Exemption Report | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) W e h av e a ud ite d th e a cco m p a n y in g state m e n t o f fin a nc ia l co n d itio n o f H a m p ton R o c k P a rtn e rs L L C a s o f D e c e m b e r 3 1 , 2 0 2 3 , th e re la te d sta te m e n ts o f o pe ra tio n s , c ha n g es in m e m b er's e q u ity , a n d ca sh flo w s for th e y e ar th e n en d e d , a n d th e re la te d n ote s (c o lle c tiv ely re ferred to a s th e "fin a n cial sta te m e n ts "). In o u r o p in io n , th e fin a n c ia l state m e n ts p res en t fairly , in a ll m a te rial resp ects, th e fin a n c ia l p o sitio n o f H a m p to n R o c k P a rtn ers L L C a s o f D e c em b e r 3 1 , 2 0 23 , a n d th e re su lts of its o p e ra tio n s a nd its c a sh flo w s fo r th e y e ar th en e n d e d in c o n form ity w ith ac c o u n tin g p rin c ip le s g en e ra lly a c c e p ted in the U n ite d S tate s o f A m e ric a . B a s is fo r O p in io n T h e se fin an cial sta tem e n ts a re th e re sp o n sib ility o f H am p to n R o c k P a rtn ers L L C 's m a n a g em en t. O ur re sp o n sib ility is to e x p re ss a n o p inio n o n H a m p to n R o ck P a rtn ers L L C 's fin a n c ial sta te m e n ts b ased on o u r a u dit. W e a re a p u b lic a c c o un tin g firm re g istered w ith th e P u b lic C o m p a n y A c co u n tin g O v e rs ig h t B oa rd (U n ite d S ta te s) (" P C A O B " ) a n d a re re q u ire d to b e in d e p e n d e nt w ith re sp e c t to H am p to n R o ck P a rtn ers L L C in a cc o rd a n ce w ith th e U .S . fe d e ra l s ec u ritie s la w s a n d th e a p p lic a ble ru le s a n d reg u la tio n s o f th e S e c u ritie s a n d E x c h a n ge C o m m is sio n a n d th e P C A O B . W e c o n d u c te d o u r au d it in a cc ord a n c e w ith the sta n d ard s o f th e P C A O B . T h o se sta n d a rd s req u ire th at w e p lan a n d p erfo rm th e a u dit to o b ta in re a so n a ble a ssu ran c e a b o u t w h eth er th e fin a nc ia l sta te m e n ts a re fre e o f m aterial m is sta te m e n t, w h eth e r d u e to e rro r or fra u d . O u r au d it in c lu d e d p erf orm in g pro c e d ure s to a ss e ss th e ris k s o f m a te rial m issta te m e n t of th e fin a n c ia l state m e nts, w h e ther d u e to e rror o r fra u d , an d p e rfo rm in g p ro c ed u res th at res p o n d to th o se ris ks. S u c h p ro c e du re s inc lu d e d e x a m in in g , o n a tes t b as is, e v id e n c e re g ard in g th e am o u nts a n d d isc lo su re s in th e fin a n c ia l sta te m e n ts . O u r a u d it also in clu d e d e v a lu a tin g th e a c co u n tin g p rin cip le s u se d a n d sig n ific a n t e stim ates m ad e b y m a n ag em en t, a s w e ll a s e v alu atin g th e o v e ra ll p re se nta tio n o f th e fin a nc ia l sta te m e nts. W e b e lie v e th a t o ur a u d it p ro v id e s a re aso n a b le b a sis fo r o u r o p in io n . 1 A u d it o r s R e p o r t on S u p p le m e n ta l In fo rm atio n ' T h e su p p le m en tal in form a tio n c o n ta in e d in S c h e d u le I, C o m p u ta tio n o f N et C a p ital U n d e r R u le 1 5 c 3 -1 o f th e S e cu rities a n d E x ch a n g e C o m m issio n (" S c he d ule I" ) a n d S c h e d u le II, S tatem e n t R e ga rd in g C u sto m e r R e se rv e R e q u ire m en ts a nd P o sse ssio n o r C o n tro l R e q u ire m e n ts (" S c h e d u le II" ) h a s b e e n su b je c te d to a u d it p ro c e d u res p e rfo rm e d in co n ju n c tio n w ith th e a u d it o f H am p to n R o c k P a rtn ers L L C 's fin a n c ial sta te m e nts . T h e su p ple m e nta l in fo rm a tio n is th e respo n s ib ility of H am p to n R o c k P a rtn e rs L L C ' s m a n a g e m en t. O u r a u d it p ro ce d u re s in c lu d e d d e term in in g w h e th e r th e su p p le m e n ta l in fo rm a tio n rec o n c ile s to th e fin a n c ia l sta te m en ts o r th e u n d erly in g a c c o u n tin g an d o th e r re co rds, as a p p lic a b le, a nd p e rform in g p ro ced u re s to te st th e c o m ple te n es s a n d a c cu ra c y of th e in fo rm ation p re se n te d in th e s u p p lem e n ta l info rm atio n . In fo rm in g o u r o pinio n o n th e su p p le m e n ta l in fo rm a tio n , w e e v a lu ate d w h e th er th e s u p p lem e n ta l in fo rm a tio n, in c lu d in g its fo rm a n d c o n te n t, is p re se n ted in c o n fo rm ity w ith 17 C .F .R . § 24 0 .1 7 a -5 . In o u r o p in io n , th e su p p le m e n ta l in fo rm a tion c o n ta in ed in S c h e d u le I a nd S c h edu le II is fa irly sta ted , in a ll m a te rial re sp ec ts, in re la tio n to the fin an cia l sta te m en ts a s a w h o le . M c B e e & C o ., P C W e h av e se rv e d a s H a m p to n R o c k P a rtne rs L L C 's au d itor sin c e 2 0 22 . D alla s, T e x a s M a rc h 6 , 2 02 4 {5}------------------------------------------------ # HamptonRock Partners, LLC Statement of Financial Condition As of December 31, 2023 | Assets | | | |------------------------------------------------|----|--------| | Cash | S | 23,102 | | Prepaid Expenses and other assets | | 22,395 | | Due from Parent | | 5,899 | | Total Assets | S | 51,396 | | Liabilities and Member's Equity
Liabilities | | | | Accrued | | | | liabilities | \$ | 15,000 | | Total Liabilities | | 15,000 | | Members Equity | | 36,396 | | Total Liabilities and Member's Equity | \$ | 51,396 | The accompanying notes are an integral part of these financial statements {6}------------------------------------------------ # HamptonRock Partners, LLC Statement of Operations For the Year Ended December 31, 2023 | Revenues | | |-------------------------------------|-------------| | Advisory Fees | \$1,075,000 | | Interest income | 20,974 | | Total Revenues | 1,095,974 | | Expenses | | | Salaries and payroll taxes | 545,138 | | Legal and professional fees | 74,125 | | Regulatory fees and expenses | 22,546 | | General and administrative services | 11,557 | | Management fees | 76,886 | | Insurance | 842 | | Total Expenses | 731,094 | | Net Income | \$364,880 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ # HamptonRock Partners, LLC Statement of Changes in Member's Equity For the Year Ended December 31, 2023 | Balance at January 1, 2023 | \$556,516 | |------------------------------|-------------| | Capital contributions | 2,000,000 | | Capital distributions | (2,885,000) | | Net Income | 364,880 | | Balance at December 31, 2023 | \$36,396 | The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ # HamptonRock Partners, LLC Statement of Cash Flows For the Year Ended December 31, 2023 | Cash flows from operating activities | | |------------------------------------------------------------------------------|---------------| | Net income | ದಿ
364,880 | | Adjustments to reconcile net income to net cash used in operating activities | | | Changes in assets and liabilities: | | | Increase in due from parent | (5,899) | | Increase in prepaid expenses and other assets | (17,891) | | Decrease accrued liabilities | (3,125) | | | | | Net cash provided by operating activities | 337,965 | | | | | Cash flows from financing activities: | | | Capital contributions | 2,000,000 | | Capital distributions | (2,885,000) | | | | | Net cash used in financing activities | (885,000) | | | | | Net decrease in cash | (547,035) | | | | | Cash beginning of year | 570,137 | | | | | Cash end of year | et
23,102 | The accompanying notes are an integral part of these financial statements. {9}------------------------------------------------ {10}------------------------------------------------ {11}------------------------------------------------ # HamptonRock Partners LLC Notes to Financial Statements December 31, 2023 ### Note 4 - Related Party Transactions The Company has an Office and Administrative Services Agreement in place, with effective date of July 1, 2022, with its Parent whereby the Parent charges the Company for administrative functions, including but not limited to office and secretarial services, accounting oversight, use of office facilities and equipment, employee compensation and related employee benefits, liability insurance, technology, and other indirect expenses of operations. This agreement remains in force until either party submits a notice of termination. Under this Agreement, the Company incurred \$76,886 in fees for the year ended December 31, 2023. The existence of this association may create operating results and a financial position significantly different than if the companies were autonomous. ### Note 5 - Recent Accounting Pronouncements Recently issued accounting standards that have been issued or proposed by the FASB or other standards-setting 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 6 - 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 Company has no significant commitments or contingencies at December 31, 2023. The ultimate outcome of any such action against the Company could have an adverse impact on the financial condition, results of operations, or cash flows of the Company. ### Note 7 – Subsequent Event Management has evaluated all subsequent events through March 6, 2024, the date on which these financial statements were available to be issued and determined that there are no subsequent events to disclose. {12}------------------------------------------------ Supplemental Information {13}------------------------------------------------ ### HamptonRock Partners LLC Schedule I Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission December 31, 2023 | | Assets: | | Allowable | | Non-Allowable | Total Assets | | |----|----------------------------------------------------------------------------------------------------------------------------------------------------|----|----------------|----|----------------|----------------------------------|--| | | 1. Cash & Other Assets | a. | \$23,102 | b. | \$28,294 | \$51,396 | | | | Liabilities:
2. A/P & Other Liabilities a. | | AT
\$15,000 | b. | Non-AI
\$ 0 | Total
Liabilities
\$15,000 | | | | Equity: | | | | | | | | | 3. Total Equity Qualified for Net Capital (Assets Minus Liabilities) | | | | | | | | 4. | Total Liabilities & Member's Equity | | | | | | | | | | | | | | | | | | Computation of Net Capital: | | | | | | | | | 5. Equity Qualified for Net Capital | | | | | | | | | 6. Deductions: Minus Total Non-Allowable Assets (line 1b) | | | | | | | | 7. | Allowable Net Capital | | | | | | | | | 8. Minimum Net Capital Required (6 2/3% of AI) | | | | | | | | | 9. Minimum Dollar Requirement of Reporting Broker Dealer | | | | | | | | | 10 Net Capital Requirement (Greater of Line 8 or 9) | | | | | | | | | 11. Excess Net Capital | | | | | | | | | 12. Allowable Net Capital Less Greater of: 10 % of Aggregate Indebtedness
\$1,500) OR 120% of \$5,000 Minimum Net Capital Requirement (\$6,000) | | | | | | | | | Computation of Aggregate Indebtedness: | | | | | | | | | Total Aggregate Indebtedness Liabilities (line 2a.) | | | | | | | | | Percentage of Aggregate Indebtedness to Net Capital (line 2a divided by
line 7) | | | | | 1.851 | | ### Statement Pursuant to SEA Rule 17a-5(d)(4) There were no material differences between the net capital reported in the Company's unaudited Form X-17a-5 as of December 31, 2023 and the Company's audited financial statements as of December 31, 2023. Accordingly, no reconciliation is necessary. See accompanying report of independent registered public accounting firm. {14}------------------------------------------------ ### HamptonRock Partners LLC Schedule II Statement Regarding Customer Reserve Requirements and Possession or Control Requirements December 31, 2023 The Computation for Determination of the Reserve Requirements and Information relating to Possession or Control Requirements for Brokers and Dealers is not applicable to the Company. The Company does not claim an exemption from SEA Rule 15c3-3 but is in reliance on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company is exempt from SEA Rule 15c3-3 as a non-covered firm because its business activities are limited to private placements of securities and acquisition. As a result, 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). See accompanying report of independent registered public accounting firm. {15}------------------------------------------------ Exemption Report {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) Certified Public Accountants REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ### To the Managing Director and Member of HamptonRock Partners LLC We have reviewed managements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) HamptonRock Partners 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 placements of securities and merger and acquisition. 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 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, 2023, without exception. HamptonRock Partners 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 to obtain evidence about HamptonRock Partners 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 6, 2024 {17}------------------------------------------------ # 1 2 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.