# EUROSCOPE CAPITAL, LLC X-17A-5/A (2025-03-21) — Broker-dealer annual report - Company: EUROSCOPE CAPITAL, LLC - Form: X-17A-5/A - Filed: 2025-03-21 - Period: 2024-12-31 - Accession: 0001827050-25-000003 - CIK: 1827050 - File #: 8-70598 - Type: Broker-dealer - Material weakness: No - Auditor: RW Group, LLC - Auditor location: Landenberg, PA - Contact: Thomas C. Hack - Phone: 9177152198 - Signed by: Robert Joseph Davis (Managing Partner) Original filing: https://www.sec.gov/Archives/edgar/data/1827050/000182705025000003/ESCFY2024.pdf --- {0}------------------------------------------------ {1}------------------------------------------------ | Robert-Joseph Davis | . swear (or affirm) that, to the best of my knowledge and belief, the | |-------------------------------------------------------------------|-----------------------------------------------------------------------------------------| | financial report pertaining to the firm of EuroScope Capital, LLC | as of | | March 21 | 2 025 is true and correct. I further swear (or affirm) that neither the company nor any | - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ # **Table of Contents Euroscope Capital, LLC January 1, 2024- December 31, 2024** - 1. Report of Independent Registered Public Accounting Firm - 2. Financial Statements - a. Balance Sheet - b. Profit and Loss Report - 3. Equity Report - 4. Statement of Cash Flow - 5. Notes to Financial Statements - 6. Net Capital Computation and Report - 7. Exemption Report - 8. Report of Independent Registered Public Accounting Firm Certifying Exemption Report {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of Euroscope Capital, LLC ### **Opinion on the Financial Statements** We have audited the accompanying balance sheet of Euroscope Capital, LLC, as of December 31, 2024, and the related statements of profit and loss, changes in member's equity, and cash flows for the year ended December 31, 2024 and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Euroscope Capital, LLC as of December 31, 2024, and the results of its operations and its cash flows for the year ended December 31, 2024 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of Euroscope Capital, LLC's management. Our responsibility is to express an opinion on Euroscope Capital, LLC'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 Euroscope Capital, LLC 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 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. #### **Supplemental Information** The computation of net capital under Rule 15c3-1 of the Securities and Exchange Commission has been subjected to audit procedures performed in conjunction with the audit of Euroscope Capital, LLC's financial statements. The supplemental information is the responsibility of Euroscope Capital, LLC'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 computation of net capital pursuant to Rule 15c3-1 of the Securities and Exchange Commission is fairly stated, in all material respects, in relation to the financial statements as a whole. RW Group, LLC We have served as Euroscope Capital, LLC's auditor since 2020. Landenberg, Pennsylvania February 12, 2025 {4}------------------------------------------------ # BALANCE SHEET January 1, 2024 - December 31, 2024 | Assets | | | |-------------|------------------------------|-----------| | | Current Assets | | | | Amex checking | \$36,983 | | | Total Current Assets | \$36,983 | | | Other Current Assets | | | | FINRA Fles-Funding (CRD) | \$110 | | | Prepaid Expenses | \$12,750 | | | Total Other Current Assets | \$12,860 | | | Total Current Assets | \$43,468 | | | Other Assets | | | | Other Long-term Assets | \$106 | | | Total Assets | \$49,949 | | Liabilities | | | | | Current Liabilities | \$246 | | | Total Current Liabilities | \$246 | | | Other Cuttent Liabilities | \$6,375 | | | Total Liabilities | \$6,621 | | Equity | | | | | Equity | \$110,424 | | | Retained Earnings | -\$38,612 | | | Net Income | -\$28,484 | | | Total Equity | \$43,328 | | | Total Liabilities and Equity | \$49,949 | {5}------------------------------------------------ ### PROFIT AND LOSS January 1, 2024 - December 31, 2024 | Income | | |---------------------------------|-----------| | Income (Interest) | \$676 | | Total Income | \$676 | | Gross Profit | \$676 | | Expenses | | | Contractors | \$1,035 | | Depreciation | \$115 | | Legal and Professional Services | \$12,814 | | Marketing | \$10,365 | | Office Supplies & Software | \$2,681 | | Taxes & Licenses | \$2,150 | | Total Expenses | \$29,160 | | Net Operating Income | -\$28,484 | | Net Income | -\$28,484 | {6}------------------------------------------------ # STATEMENT OF CHANGES IN MEMBERS EQUITY For The Year Ended December 31, 2024 | MEMBERS EQUITY | TOTAL | |------------------------------|---------| | | | | Balance at January 1, 2024 | 71,813 | | Net Income/(Loss) | -28,484 | | Deductions | 0 | | Balance at December 31, 2024 | 43,329 | See Accompanying Notes to Financial Statements {7}------------------------------------------------ ### STATEMENT OF CASH FLOWS January 1, 2024 - December 31, 2024 | | Total | |------------------------------------------|-----------| | Cash Flow from Operations | | | Net Income | -\$28,484 | | Additions to Cash | | | Increase in Depreciation | \$115 | | Increase in Deferred Revenue | \$6,240 | | Subtractions form Cash | | | Increase in FINRA Flex-Funnding (CRD) | -\$160 | | Increase in Accounts Payable | -\$15 | | Cash Flow from Operations | -\$22,304 | | Cash Flow from Investing | | | | \$0 | | | | | Cash Flow from Financing | | | | \$0 | | Cash Flow for FY Ended December 31, 2024 | -\$22,304 | | Cash at beginning of Period | \$59,287 | | Cash at End of Period | \$36,983 | {8}------------------------------------------------ # **EuroScope Capital, LLC January 1, 2024- December 31, 2024** # *Notes to Financial Statements* # **1. Organization and Nature of Business** EuroScope Capital, LLC ("Company") was formed on July 11, 2007 as a limited liability company under the laws of Virginia. The Company was approved as a Capital Acquisitions Broker ("CAB") with the Financial Industry Regulatory Authority ("FINRA") on December 8, 2020. The Company is wholly owned by Mr. Robert Joseph Davis. As a Capital Acquisitions Broker, a specialized subset of broker dealer, the Company is registered with the Securities and Exchange commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company provides transactionspecific capital-raising and merger and acquisition advisory services. EuroScope Capital, LLC will maintain the net capital requirements in accordance with FINRA's requirements perpetually as long as the Company maintains its status as a member of FINRA. # **2. Summary of Significant Accounting Policies** # **Basis of Presentation** The accompanying policies of the Company are in accordance with accounting principles generally accepted in the United States of America applied on a basis consistent with that of the preceding years. # **Basis of Accounting** These financial statements are prepared on the accrual basis of accounting, whereby revenue is recognized when earned and expenses are recognized when incurred. # **Recently Adopted Accounting Standards** In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires a broker dealer to disclose significant segment expenses and other segment items on an annual basis. Broker dealers with a single reportable segment are required to provide the new disclosures and all the disclosures required under ASC 280. The guidance is effective for our 2024 annual {9}------------------------------------------------ # **EuroScope Capital, LLC January 1, 2024- December 31, 2024** reporting. We adopted ASU 2023-07 in the year ended December 31, 2024 and the adoption did not have a material impact on our financial statements. # **Estimates** The preparation of financial statements in accordance 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 of financial statements. Such estimates also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions. Significant estimates include the allowance for doubtful accounts. ### **Revenue Recognition** Placement fees from capital-raising and merger and acquisition services are recognized when the Company has a deemed nonforfeitable right to commission earnings based on the provisions of each separate contract. ### **Cash and Cash Equivalents** For purposes of reporting cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents. # **Income Taxes** As a multi-member limited liability company, its income and expenses are included in the tax returns of all members. In addition, EuroScope Capital, LLC, LLC is a limited liability company and has elected to be taxed as a partnership. ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed on the financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the morelikely-than-not threshold would be recorded as tax benefit or expense in the current year. # **3. Net Capital Requirements** {10}------------------------------------------------ # **EuroScope Capital, LLC January 1, 2024- December 31, 2024** The Company is subject to the SEC Uniform Net Capital Rule (SEC Rule 15c3-l), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital not exceed 15 to 1. On December 31, 2024, the Company had net capital of \$30,473 which was \$25,473 in excess of its required net capital of \$5,000 and its percentage of aggregate indebtedness to net capital ratio was 21.7%. # **4. Other Regulatory Requirements** The Company does not hold any funds or securities for the accounts of customers. The Company is not subject to 17 C.F.R. 240.15c3-3 due to the limited nature of its business. # **5. Concentration of Credit Risk** Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents. The Company maintains its cash and cash equivalents, which at times may exceed the federally insured limit, in bank deposit accounts with high quality financial institutions. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents. # **6. Segment Reporting** The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including investment banking and mergers and acquisitions advisory services. The Company has identified its President as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 3), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay distributions. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. Segment revenue, significant expenses, and other required segment disclosures for the year ended December 31,2024 are the same as those presented in the Statements of Financial Condition, Income, and Cash Flows. # **7. Commitments and Contingencies** {11}------------------------------------------------ # **EuroScope Capital, LLC January 1, 2024- December 31, 2024** The Company is not aware of any commitments or contingences requiring disclosures as of the issuance date of this report. ### **8. Subsequent Events** In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through December 31st, 2024 the date the financial statements were available to be issued. ### **9. Related Parties** No commissions were paid to the members of EuroScope Capital, LLC, LLC during the fiscal year of 2024. {12}------------------------------------------------ # Euroscope Capital, LLC AS OF DECEMBER 31, 2024 | | | SCHEDULE I | |----------------------------------------------------|----------------------------|----------------------| | Total Members Equity | COMPUTATION OF NET CAPITAL | \$43,328.00 | | Deductions and/or Charges
Non-Allowable Assets. | | | | Net Capital | | \$12,855
\$30,473 | SCHEDULE 11 ### COMPUTATION OF BASIC NET CAPITAL REQUIREMENTS | Minimum Net Capital Required | \$441.00 | |----------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------| | Minimum Dollar Net Capital Requirement | \$5,000.00 | | Net Capital Requirement | \$5,000.00 | | Excess Net Capital
Excess Net Capital at 10% of A.I. or
120% of Minimum Dollar Net Capital Requirement | \$25,473.00
\$24,473.00
\$6,000 | | Percentage of Aggregate Indebtedness to Net Capital
Percentage of Debt to Debt-Equity Computed
In Accordance with Rule 15c3-1(d) | 21.70% | | COMPUTATION OF AGGREGATE INDEBTEDNESS
Total Aggregate Indebtedness Liabilities | \$. | | Percentage of Aggregate Indebtedness to Net Capital | 21.7% | SCHEDULE II ### RECONCILIATION WITH COMPANY'S COMPUTATION There were no differences in the computation of net capital between this report and the corresponding computation prepared by the Company for inclusion in its unaudited Part II Focus Report as of December 31, 2024. {13}------------------------------------------------ # **EuroScope Capital, LLC Exemption Report January 1, 2024 – December 31, 2024** EuroScope Capital, LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 of the Securities Exchange Act of 1934 (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5 (d)(1) and (4). To the best of its knowledge and belief, the Company states the following: (1). The Company does not claim an exemption under paragraph (k) of the 17 C.F.R. §240 15c3-3, and (2). The Company is filing this Exemption Report relying on Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240. 17a-5 because the Company limits its business activities exclusively to (1) effecting private placement securities transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company; and (2) receiving compensation for advising issuers on potential private offerings, and 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 and/or funds received and promptly transmitted for effecting transactions via subscription on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year ended December 31, 2024, without H[FHSWLRQ. EuroScope Capital, LLC I, Robert-Joseph Davis swear (or affirm) that, to the best of my knowledge and belief, this exemption report is true and correct. /s/ EuroScope Capital, LLC By: Robert Joseph Davis President/CEO, February 2025 {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of Euroscope Capital, LLC We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exempon Report pursuant to SEC Rule 17a-5, in which (1) Euroscope Capital, LLC (the Company) did not claim an exempon under paragraph (k) of 17 C.F.R. §240.15c3-3, and (2) the Company is filing this Exempon Report relying on Footnote 74 of the SEC Release No. 34-70073 adopng amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business acvies exclusively (1) to effecng private placement securies transacons via subscripons on a subscripon wat basis where the funds are payable to the issuer or its agent and not to the Company; and (2) receiving compensaon for advising issuers on potenal offerings. The Company did not directly or indirectly receive, hold, or otherwise owe funds or securies for or to customers (other than money or other consideraon received and promptly transmied in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmied for effecng transacons via subscripons on a subscripon 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 ended December 31, 2024 without excepon. Euroscope Capital, LLC's management is responsible for compliance with the exempon provisions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounng Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Euroscope Capital, LLC's compliance with the exempon provisions. A review is substanally less in scope than an examinaon, the objecve 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 modificaons 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 acvies contemplated by Footnote 74 of the SEC Release No. 34-70073 adopng amendments to 17 C.F.R. §240.17a-5, and related SEC Staff Frequently Asked Quesons. RW Group, LLC Landenberg, Pennsylvania February 12, 2025 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.