# BETHEL LANDING SECURITIES LLC X-17A-5 (2026-06-26) — Broker-dealer annual report - Company: BETHEL LANDING SECURITIES LLC - Form: X-17A-5 - Filed: 2026-06-26 - Period: 2026-03-31 - Accession: 0001910349-26-000001 - CIK: 1910349 - File #: 8-70881 - Type: Broker-dealer - Material weakness: No - Auditor: LMHS PC - Auditor location: Norwell, MA - Contact: Mark T Manzo - Phone: 2015191905 - Email: mmanzo@moppartners.com - Website: moppartners.com - Signed by: Gil O Aikins (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1910349/000191034926000001/bethelannualrptpub.pdf --- {0}------------------------------------------------ **Bethel Landing Securities, LLC Statement of Financial Condition For the Year Ended March 31, 2025** {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** > **ANNUAL REPORTS FORM X-17A-5** 0MB APPROVAL 0MB Number: 3235--0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-70881 **PART Ill** **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and lSa-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING **04/01 /25** AND ENDING **03/31 /26** MM/DD/VY MM/DD/VY **A. REGISTRANT IDENTIFICATION** # NAME OF FIRM: BETHEL LANDING SECURITIES LLC TYPE OF REGISTRANT {check all applicable boxes): C!J Broker-dealer □ Security-based swap dealer D 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.) # 125 MILE COMMON RD 1st FLOOR | | (No. and Street) | | | | |-----------------------------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------|------------------------|--| | EASTON | | CT | 06612 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Mark T Manzo | (201) 519-1905 | | mmanzo@moppartners.com | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
LMHS, P.C. | | | | | | 80 Washington St., Bldg S | (Name - if individual, state last, first, and middle name)
Norwell | MA | 02061 | | | (Address) | (City) | (State) | (Zip Code) | | | 02/24/2009 | | 3373 | | | | | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | \* Claims for exemption from the requirement that the annual reports be covered by the 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 2.40.17a-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.** {2}------------------------------------------------ #### OATH OR AFFIRMATION | I, Gil O Aikins | swear (or affirm) that, to the best of my knowledge and belief, the | | |--------------------------------------------------------------------------|--------------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of BETHEL LANDING SECURITIES LLC | | as of | | March 31 | 2� 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. | Title: | | |--------|--| | CEO | | #### **This filing•• contains (check all applicable boxes):** - Iii (a) Statement of financial condition. - Iii (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. - □ (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 capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, 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. - Iii (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 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. - Iii (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 report or 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 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or 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(e}(3} or 17 CFR 240.18a-7{d}(2), as applicable.* {3}------------------------------------------------ # **Bethel Landing Securities, LLC** ### **March 31, 2026** ### **Table of Contents** | Facing page and Oath or Affirmation Page | 1-2 | |--------------------------------------------------------|------| | Report oflndependent Registered Public Accounting Firm | 3 | | Financial Statements | | | Statement of Financial Condition | 4 | | Notes to the Financial Statements | 5-10 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### *Report of I11depe11de11t Registered Public Accounting Firm* To the Member Bethel Landing Securities LLC Easton, Connecticut #### *Opinion 011 the Financial Statements* We have audited the accompanying statement of financial condition of Bethel Landing Securities LLC, as of March 31. 2026, 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 Bethel Landing Securities LLC as of March 31, 2025, in conformity with accounting principles generally accepted in the United States of America. #### *Basis for Opinion* These financial statements are the responsibility of the Bethel Landing Securities LLC's management. Our responsibility is to express an opinion on these 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 Bethel Landing Securities 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 perfonning 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. LMHS,P.C. We have served as the Bethel Landing Securities LLC's auditor since 2025. Norwell, Massachusetts June 22, 2026 ![](_page_4_Picture_12.jpeg) ![](_page_4_Picture_14.jpeg) {5}------------------------------------------------ # **Assets** | Cash | \$
7,366 | |---------------------------------------|--------------| | Prepaid expenses | 3,823 | | Due from affiliate | 249 | | Due from member | 665 | | Total Assets | \$
12,103 | | | | | Liabilities and Member's Equity | | | Liabilities | | | Accounts payable and accrued expenses | \$
2,368 | | Total Liabilities | 2,368 | | | | | Member's Equity | | | Member's equity | 9,735 | | Total Member's Equity | 9,735 | | Total Liabilities and Member's Equity | \$
12,103 | The accompanying notes are an integral part of these financial statements. {6}------------------------------------------------ # **NOTE 1- ORGANIZATION AND NATURE OF BUSINESS:** Bethel Landing Securities LLC (the "Company") was formed as a limited liability company in Delaware on October 4, 2017. The Company is a registered broker-dealer with the U.S. Securities and Exchange Commission ("SEC") and is a member of both the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investors Protection Corporation ("SIPC"). The Company is a registered Corporate Finance Broker Dealer authorized to provide private placement of securities services and advisory services to private entities concerning securities offerings and private capital raising activities including, but not limited to, identifying, qualifying, and soliciting institutional and certain other investors for such activities. # **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:** # **Basis of Presentation** The accompanying financial statement has been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") as detailed in the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC"). # **Use of Estimates** These financial statements and related disclosures were prepared in conformity with accounting principles generally accepted in the United States which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Accordingly, actual results could differ from those estimates. ### **Accounts Receivable** The Company carries its accounts receivable at cost less an allowance for credit losses. On a periodic basis, the Company evaluates its accounts receivable and establishes an allowance for credit losses based on historical experience, credit quality, age of balances and current and future economic conditions that may affect the Company's expectation of collectability. An allowance for credit losses was not required at March 31, 2026. There was no bad debt expense for the period ended March 31, 2026. {7}------------------------------------------------ # **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)** ## **Going Concern** The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company is currently dependent on its owner to fund its ongoing operations as the Company has not yet generated sufficient revenue. The owner intends to provide additional financing through direct contributions of capital until positive cash flows are generated. The owner is not contractually obligated to continue to provide support. # **Revenue Recognition** # *Advisory and Commissions Income* The Company engages in advisory and consulting services from debt and capital raising for business entities. Revenue from ongoing advisory and consulting services is recognized and earned at the point in time that the performance under the arrangement is completed, which is when a successful closing occurs or upon cancellation of the agreement. Payments for ongoing advisory and consulting services are payable in accordance with the terms of their contract under normal trade terms. Success fees are recognized and payable on the closing date (the date on which the buyer purchases the securities from the seller) for the portion the Company is contracted to earn in accordance with its agreements. The Company believes that the closing date is the appropriate point in time to recognize success fees for advisory and consulting transactions, as there are no significant actions which the Company needs to take subsequent to this date. As of March 31, 2026, there were no deferred expenses related to any open contracts; if an engagement is ended without a success fee, related costs are charged to expense at that point in time. The revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The guidance requires an entity to follow a five step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. {8}------------------------------------------------ # **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)** # **Revenue Recognition Continued** Contract assets arise when the revenue associated with the contract is recognized prior to the Company's unconditional right to receive payment under a contract with a customer and are derecognized when either it becomes a receivable, or the cash is received. Contract liabilities arise when customers remit contractual cash payments in advance of the Company satisfying its performance obligation under the contract and are derecognized when the revenue associated with the contract is recognized when the performance obligation is satisfied. The Company has no contract assets or liabilities at April 1, 2025 and March 31, 2026. # *Other income* For the year ended March 31, 2026, the Company reported other income of \$1,235 which represented a rebate from FINRA for gross income assessment fees. # *Significant Judgment* Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future events. ### **Income Taxes** The Company is a single-member limited liability company that is deemed to be a disregarded entity for income tax purposes. The taxable income or loss of the Company is allocated to its member. The Company has no tax sharing arrangement and accordingly has no commitment to fund or receive amounts for any tax liabilities or benefits with earnings of the Company. Accordingly, the Company has not provided for federal or state income taxes. At March 31, 2026, management had determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination will be subject to ongoing reevaluation as facts and circumstances may require. Interest and penalties assessed, if any, are recorded as income tax expense. {9}------------------------------------------------ # **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)** # **Income Taxes Continued** The Company is registered in the state of Delaware and is subject to Delaware state franchise tax. The Company recorded franchise tax of \$419 during the year ended March 31, 2026. # **NOTE 3 - NET CAPITAL REQUIREMENTS:** The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC rule 15c3-I), which requires the maintenance of minimum net capital, and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. At March 31, 2026, the Company had net capital of \$4,998 which was \$(2) below its required net capital of \$5,000. The Company's ratio of aggregate indebtedness to net capital was .474 to 1. The Company's net capital fell below its minimum net capital requirement during the period March 31, 2026 through April 16, 2026. The Company was in compliance with the net capital rule on April 17, 2026, when the Company received a capital contribution of \$2,000 and it has remained in net capital compliance since that date. # **NOTE 4- CONCENTRATIONS OF CREDIT RISK:** # **Cash** For the purposes of the statement of financial condition classification and statement of cash flows presentation, the Company has defined cash equivalents as highly liquid investments, with original maturities of less than three months that are not held for sale in the ordinary course of business. The Company currently maintains cash balances in one financial institution which, at times, may exceed the amount insured by the Federal Deposit Insurance Corporation (FDIC). The Company has not incurred any losses on this account. {10}------------------------------------------------ # **NOTE 5 - SEGMENT REPORTING** The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of private placement of securities and advisory services to private entities concerning securities offerings and private capital raising activities including but not limited to, identifying, qualifying and soliciting institutional and certain other investors of such activities. The Company has identified its CEO as the chief 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 dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment because the CODM manages the business activities, using 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. # **NOTE 6- COMMITMENTS AND CONTINGENCIES:** At March 31, 2026, the Company did not have any commitments, contingencies or guarantees that might result in a loss or future obligation that would have required the Company to include such liability/obligation in its 2026 Annual Report. # **NOTE 7- RELATED PARTY TRANSACTIONS** At March 31, 2026, the Company had a receivable of \$249 due from an entity that is owned by the Company's CEO. The Company paid the IRS EIN registration fee on behalf of the entity. During the period ending March 31, 2026, the Company's fidelity bond in the amount of \$764 was paid by an entity owned by the Company's CEO. During the period ending March 31, 2026, the Company's sole member owed the Company \$665 for net telephone expense paid by the Company on behalf of the member. ## **NOTE 8- SUBSEQUENT EVENTS** The Company has evaluated events subsequent to the Statement of Financial Condition date for items requiring recording or disclosure in the financial statements. The evaluation was performed {11}------------------------------------------------ # **NOTE 8- SUBSEQUENT EVENTS CONTINUED** through the date the financial statements were issued. Based upon this review, the Company has determined that there were no events which took place that would have a material impact on its financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.