# KINGSROCK SECURITIES LLC X-17A-5 (2025-12-29) — Broker-dealer annual report - Company: KINGSROCK SECURITIES LLC - Form: X-17A-5 - Filed: 2025-12-29 - Period: 2025-09-30 - Accession: 0001967256-25-000007 - CIK: 1967256 - File #: 8-71064 - Type: Broker-dealer - Material weakness: No - Auditor: Rubio CPA, PC - Auditor location: Atlanta, GA - Contact: Steven Plotycia - Phone: 914-262-1589 - Email: steve@sound-harbor.com - Website: sound-harbor.com - Signed by: Louis Jaffe (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1967256/000196725625000007/2025krspublic.pdf --- {0}------------------------------------------------ | OMB APPROVAL | |---------------------------| | OMB Number: 3235-0123 | | Expires: Nov. 30, 2026 | | Estimated average burden | | hours per response:
12 | | | | 8-71064 | | |---------|--| 10/01/24 09/30/25 KingsRock Securities LLC 900 Third Avenue, Suite 1801 New York NY 10022 Steven Plotycia 914-262-1589 steve@sound-harbor.com RUBIO CPA, PC 3500 Lenox Road NE, Suite 1500 Atlanta GA 30326 05/05/09 3514 {1}------------------------------------------------ # OATH OR AFFIRMATION | Louis Jaffe | swear (or affirm) that, to the best of my knowledge and belief, the | | |---------------------------------------------------------------------|-----------------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of KingsRock Securities LLC | | as of | | September 30 | 2 025 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 soley as that of a customer. | Signature: | Docu Signed by:
4CD613FA49464CD | | |------------|------------------------------------|--| | Title: | Co- founder | | # 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 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. - | |} 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. - | | | | Reconciliations, including appropriate explanations, of the FOCUS Report with computation of 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. - @ (q) Oath or affirmation in accordance with 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. - (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. - | {y) 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). - □ (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.170-5(e){3} or 17 CFR 240.180-7(d)(2), as applicable. {2}------------------------------------------------ # KingsRock Securities LLC Statement of Financial Condition with Report of Independent Registered Public Accounting Firm For the year ended September 30, 2025 {3}------------------------------------------------ # RUBIO CPA, PC CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770-690-8995 # REPORT OF INDEPENDENT RECISTERED PUBLIC ACCOUNTING FIRM To the Member of KingsRock Securities LLC # Opinion on the Financial Statement We have audited the accompanying statement of financial condition of KingsRock Securities LLC (the "Company") as of September 30, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of September 30, 2025, in conformity with accounting principles generally accepted in the United States of America. # Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement 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 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 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 audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement, 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2023. December 24, 2025 Atlanta, Georgia ![](_page_3_Picture_12.jpeg) {4}------------------------------------------------ ### STATEMENT OF FINANCIAL CONDITION AS OF SEPTEMBER 30, 2025 Assets | Cash
Prepaid expenses and other | \$
80,850
4,076 | | |---------------------------------------|-----------------------|--| | Total assets | \$
84,926 | | | LIABILITIES AND MEMBER'S EQUITY | | | | Liabilities | | | | Accounts payable and accrued expenses | \$
9,527 | | | Total liabilities | 9,527 | | | Member's equity | 75,399 | | | Total liabilities and Member's equity | \$
84,926 | | The accompanying notes are an integral part of this financial statement. {5}------------------------------------------------ ## FOR THE YEAR ENDED SEPTEMBER 30, 2025 NOTES TO FINANCIAL STATEMENT #### NOTE 1 - Organization and Description of Business: KingsRock Securities LLC (the is a Delaware limited liability company. On September 13, 2023, the Company became a broker-dealer and as such is registered with the Securities and Exchange Commission (the and is a member of the Financial Industry Regulatory Authority The Company is wholly owned by KingsRock Advisors LLC (the "Member"). As a limited liability company, the member's liability is limited to its investment. The primary business of the Company is to act as a financial advisor and placement agent of equity and debt financing for private These financial statements were prepared in conformity with accounting principles generally accepted in the United States of America which 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 the financial statements and the amounts of revenues and expenses during companies. Periodically, the Company also provides mergers and acquisition services. #### NOTE 2 - Summary of significant accounting policies #### Use of estimates the reporting period. Actual results could differ from those estimates. #### Revenue from Contracts with Customers Revenue from contracts with customers includes placement and advisory services. The recognition and measurement of revenue is based on the assessment of individual contract terms. 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 progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. The Company recognizes success fee revenues from capital raising services and merger and acquisition advisory services upon completion of a success fee based transaction. The Company recognizes certain retainer revenue from contracts with customers at the point in time in which specified deliverables are transferred to the customers. All retainer revenue recognized by the Company during the year ended September 30, 2025 was from an engagement that was formally terminated prior to September 30, The Company maintains its bank account in a high credit quality financial institution. The balance at times may exceed federally The advisory agreements often contain nonrefundable retainer fees, and/or success fees, which may be fixed or represent a percentage of the value that the customer receives, if and when the transaction is completed If a promised good or service is not distinct, the Company combines that good or service with other promised goods or services until it identifies a bundle of goods or services that is distinct. In some cases, this would result in the Company accounting for all the services promised in a contract as a single performance obligation and, if unfulfilled, amounts received from such contracts would be reflected as deferred The Company provides placement and advisory services related to capital raising activities and mergers and acquisitions transactions. Revenue from advisory agreements is generally recognized at the point in time that performance under the agreement is completed (the closing date of the transaction) or the contract is canceled. However, for certain contracts, revenue is recognized over time for advisory agreements in which the performance obligations are simultaneously provided by the Company and consumed by the customer. In some circumstances, significant judgment is needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. revenue on the accompanying statement of financial condition. 2025. #### Cash insured limits. {6}------------------------------------------------ ### NOTES TO FINANCIAL STATEMENT FOR THE YEAR ENDED SEPTEMBER 30, 2025 #### NOTE 2 - Summary of Significant Accounting Policies (continued) #### Income taxes As a limited liability company, the tax consequences of the operations all pass through to the Member. Therefore, the are included in the accompanying financial statements as they are the responsibility of the individual owners of the Member. The Company has an expense sharing agreement with its Member whereby the Member pays for personnel services, occupancy, technology and other administrative costs and allocates a portion to the Company based upon the Company's estimated usage or time spent. Allocated expenses to the Company during the year ended September 30, 2025 were approximately \$33,723. There was no income or loss is reported on the partnership income tax return. As a result, no federal or state income taxes Under the provisions of FASB Accounting Standards Codification 740-10 Accounting for Uncertainty in Income Taxes, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an status, including its status as a pass-through entity, and the decision not to file a tax return. The Company has evaluated each of its tax positions and has determined that no provision or liability for income taxes is necessary. Accounts receivable are non-interest bearing, uncollateralized obligations receivable in accordance with the terms agreed upon with each customer. The Company regularly reviews its accounts receivable for any uncollectible amounts. The review for uncollectible #### Accounts receivable #### NOTE 3 - Transactions with related parties balance due to Member as of September 30, 2025 arising from this agreement. Financial position and results of operations could differ from the amounts in the accompanying financial statements if this agreement did not exist. {7}------------------------------------------------ # NOTES TO FINANCIAL STATEMENT FOR THE YEAR ENDED SEPTEMBER 30, 2025 #### NOTE 4 - Regulatory requirements The Company is subject to SEC Uniform Net Capital Rule 15c3-1 under the Securities Exchange Act of 1934, which requires the maintenance of minimum net capital equal to the greater of \$5,000 or 6 2/3% of aggregate indebtedness, and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At September 30, 2025, the Company had net capital of \$71,323 which was in excess of its required minimum net capital of \$5,000 by \$66,323, and its ratio of aggreggate indebtedness to net capital was 0.13 to 1.00. #### NOTE 5 - Subsequent events Subsequent events were evaluated through the date the financial statements were issued. #### NOTE 6 - Contingencies The Company is subject to litigation in the normal course of business. The Company has no litigation in progress at September 30, 2025. #### NOTE 7 - Segment Reporting The Company has one reportable segment: investment banking. The Company has identified its chief executive officer as the chief process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 4), 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 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. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.