# OLDFIELD CAPITAL GROUP LIMITED LIABILITY COMPANY X-17A-5 (2025-05-19) — Broker-dealer annual report

- Company: OLDFIELD CAPITAL GROUP LIMITED LIABILITY COMPANY
- Form: X-17A-5
- Filed: 2025-05-19
- Period: 2025-03-31
- Accession: 0002013816-25-000070
- CIK: 1533419
- File #: 8-68991
- Type: Broker-dealer
- Material weakness: No
- Auditor: Bernstein & Pinchuk, LLP
- Auditor location: New York, NY
- Contact: Hasnain Naveed
- Phone: 212-668-8700
- Email: hnaveed@acisecure.com
- Website: acisecure.com
- Signed by: Hisham S. Sobhy (Chief Executive Officer)

Original filing: https://www.sec.gov/Archives/edgar/data/1533419/000201381625000070/finaloldfieldaudit.pdf

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

## ANNUAL REPORTS FORM X-17A-5 PART III

| OMB APPROVAL             |    |
|--------------------------|----|
| OMB Number: 3235-0123    |    |
| Expires: Nov. 30, 2026   |    |
| Estimated average burden |    |
| hours per response:      | 12 |
|                          |    |

| SEC FILE NUMBER |  |
|-----------------|--|
| 8-68991         |  |
|                 |  |

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 04/01/2024

03/31/2025 AND ENDING

MM/DD/YY

A. REGISTRANT IDENTIFICATION

MM/DD/YY

NAME OF FIRM: Oldfield Capital Group LLC

TYPE OF REGISTRANT (check all applicable boxes):

🇿 Broker-dealer □ Check here If respondent is also an OTC derivatives dealer

ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)

| 7 Penn Plaza, Ste 810 |  |  |  |  |  |
|-----------------------|--|--|--|--|--|
|-----------------------|--|--|--|--|--|

|                                              | (No. and Street)                                                           |                       |  |  |  |  |
|----------------------------------------------|----------------------------------------------------------------------------|-----------------------|--|--|--|--|
| New York                                     | NY                                                                         | 10001                 |  |  |  |  |
| (City)                                       | (State)                                                                    | (Zip Code)            |  |  |  |  |
| PERSON TO CONTACT WITH REGARD TO THIS FILING |                                                                            |                       |  |  |  |  |
| Hasnain Naveed                               | 212-668-8700                                                               | HNAVEED@ACISECURE.COM |  |  |  |  |
| (Name)                                       | (Area Code - Telephone Number)                                             | (Email Address)       |  |  |  |  |
| B. ACCOUNTANT IDENTIFICATION                 |                                                                            |                       |  |  |  |  |
|                                              | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filling* |                       |  |  |  |  |
| Bernstein & Pinchuk, LLP                     |                                                                            |                       |  |  |  |  |

| New York              | NY      | 10001                                                     |
|-----------------------|---------|-----------------------------------------------------------|
| (City)                | (State) | (Zip Code)                                                |
|                       | 653     |                                                           |
|                       |         | (PCAOB Registration Number, if applicable)                |
| FOR OFFICIAL USE ONLY |         |                                                           |
|                       |         |                                                           |
|                       |         | Name - If Individual, state last, first, and middle name) |

\* 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){li), 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.

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### OATH OR AFFIRMATION

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# OLDFIELD CAPITAL GROUP, LLC

Financial Statements

and Supplemental Schedules With

Report of Independent Registered Public Accounting Firm

and Exemption Report With

Report of Independent Registered Public Accounting Firm

For the Year Ended March 31, 2025

This report is deemed CONFIDENTIAL in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. A statement of financial condition bound separately has becurities and Exchange Commission simultaneously herewith as a PUBLIC document.

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## OLDFIELD CAPITAL GROUP, LLC FOR THE YEAR ENDED MARCH 31, 2025

### Table of Contents

|                                                                                                     | Page  |
|-----------------------------------------------------------------------------------------------------|-------|
| Report of Independent Registered Public Accounting Firm                                             | 1 - 2 |
| Financial Statements:                                                                               |       |
| Statement of Financial Condition                                                                    | 3     |
| Statement of Operations                                                                             | 4     |
| Statement of Changes in Member's Equity                                                             | 5     |
| Statement of Cash Flows                                                                             | 6     |
| Notes to Financial Statements                                                                       | 7 - 9 |
| Supplemental Information                                                                            |       |
| Schedule I - Computation of Net Capital<br>Under Rule 15c3-1 of the Securities Exchange Act of 1934 | 10    |
| Other Reports:                                                                                      |       |
| Review Report of Independent Registered Public Accounting Firm on Exemption Report                  | 11    |
| Rule 15c3-3 Exemption Report                                                                        | 12    |

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# Bernstein & Pinchuk

## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Director and Member of Oldfield Capital Group LLC

## Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of Oldfield Capital Group LLC (the "Company") as of March 31, 2025, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes and the schedule (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material position of the Company as of March 31, 2025, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

## Explanatory Paragraph - Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 2 to the financial statements, the Company is dependent on its owner to fund its operations as the Company has not generated sufficient revenue as of March 31, 2025 and lack financial resources it needs to sustain operations for a reasonable period of time, which is considered to be one year from the issuance date of the financial statements. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that may result from the outcome of this uncertainty.

### Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company'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 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 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 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.

### Auditor's Report on Supplemental Information

The supplementary information contained in page 10 has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the

NEW YORK . LOS ANGELES . BEIJING

# Υοκιστις: Seven Penn Plaza, Suite 830, New York 10001 τ: 212.279.7900 www.bpaccountants.com Affiliate of Maroum Bernstein & Pinohuk LLP | Members of AICPA, NYSSCPA and CalCPA | PCAOB Registered

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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 supplementary information contained in page 10 is fairly stated, in all material respects, in relation to the financial statements as a whole.

Bernstein & Pinchuk LLP

We have served as the Company's auditor since 2011. New York, NY

May 14, 2025

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## OLDFIELD CAPITAL GROUP, LLC

### STATEMENT OF FINANCIAL CONDITION AS OF MARCH 31, 2025

| ASSETS                                 |     |        |
|----------------------------------------|-----|--------|
| Cash                                   | S   | 23,166 |
| Prepaid expenses                       |     | 2,972  |
| TOTAL ASSETS                           | ಲಾ  | 26,138 |
|                                        |     |        |
| LIABILITIES AND MEMBER'S EQUITY        |     |        |
| LIABILITIES:                           |     |        |
| Accounts payable and accrued expenses  | સ્ક | 462    |
| TOTAL LIABILITIES                      |     | 462    |
| COMMITMENTS AND CONTINGENCIES (Note 4) |     |        |
| MEMBER'S EQUITY                        |     | 25,676 |
| TOTAL LIABILITIES AND MEMBER'S EQUITY  | S   | 26,138 |

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## OLDFIELD CAPITAL GROUP, LLC STATEMENT OF OPERATIONS FOR THE YEAR ENDED MARCH 31, 2025

| REVENUE:                  | ಳಿ |          |
|---------------------------|----|----------|
| OPERATING EXPENSES:       |    |          |
| Professional fees         |    | 19.291   |
| Regulatory fees           |    | 5,311    |
| Rent                      |    | 4,000    |
| Office and other expenses |    | 5.450    |
| TOTAL OPERATING EXPENSES  |    | 34,052   |
| NET LOSS                  |    | (34,052) |

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## OLDFIELD CAPITAL GROUP, LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED MARCH 31, 2025

| MEMBER'S EQUITY, MARCH 31, 2025 |   | 25.676   |
|---------------------------------|---|----------|
| Net loss                        |   | (34,052) |
| Capital contribution            |   | 35,000   |
| MEMBER'S EQUITY, MARCH 31, 2024 | a | 24.728   |

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### OLDFIELD CAPITAL GROUP, LLC STATEMENT OF CASH FLOWS

## FOR THE YEAR ENDED MARCH 31, 2025

| CASH FLOWS FROM OPERATING ACTIVITIES:         |   |          |
|-----------------------------------------------|---|----------|
| Net loss                                      | S | (34,052) |
| Adjustments to reconcile net loss to net cash |   |          |
| used in operating activities:                 |   |          |
| (Increase) decrease in operating assets:      |   |          |
| Prepaid expenses                              |   | 121      |
| Increase (decrease) in operating liabilities: |   |          |
| Accounts payable and accrued expenses         |   | 407      |
| Net cash used in operating activities         |   | (33,524) |
| CASH FLOWS FROM INVESTING ACTIVITIES          |   |          |
| CASH FLOWS FROM FINANCING ACTIVITIES:         |   |          |
| Capital contribution                          |   | 35,000   |
| Net cash provided by financing activities     |   | 35,000   |
| NET INCREASE IN CASH                          |   | 1,476    |
| CASH AT BEGINNING OF THE YEAR                 |   | 21,690   |
| CASH AT THE END OF THE YEAR                   |   | 23.166   |

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## OLDFIELD CAPITAL GROUP, LLC NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2025

### NOTE 1- ORGANIZATION AND NATURE OF BUSINESS:

Oldfield Capital Group, LLC (the "Company") was organized on June 30, 2011 as a New Jersey limited liability company for the purpose of providing investment advisory services, including private placement of securities, financial valuation and modeling, financial structuring and strategic consulting. The Company is a registered broker-dealer with the Securities and Exchange Commission ("SEC") and is a member of both the Financial Industry Inc. ("FINRA") and the Seurities Investors Protection Corporation ("SIPC").

### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

### Basis of Accounting

The accompanying financial statements have been prepared on the accrual basis of accordance with accounting principles generally accepted in the United ("GAAP") as detailed in the Financial Accounting Standards Board's Accounting Standards Codification.

### Use of Estimates

The preparation of financial statements and related disclosures in conformity with GAAP requires 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 and such differences could be material.

### Income Taxes

The Company is a limited liability company that is sole owned and taxed as a sole proprietorship. The taxable income or loss of the Company is reported on the sole member's individual income tax return. Accordingly, no provisions for federal or state income taxes has been reflected in the accompanying financial statements. The Company is subject to New York City unincorporated business tax. As of March 31, 2025 the Company did not have any tax liability.

The Company accounts for uncertainties in income taxes under the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) ("Topic") 740-10-05, "Accounting for Uncertanty in Income Taxes." The Topic clarifies the accounting for uncome taxes recognized in an enterprise's financial statements. The Topic prescribes a recognition threshold and measurement attitude for the financial statement of as tax position taken or expected to be taken in a tax return. The Topic provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At March 31, 2025, the Company had no material unrecognized tax benefits.

### 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.

### Property and Equipment

Property and equipment were previously stated at cost less accumulated depreciation was computed using straightline and accelerated methods over estimated useful lives of five years. The company's assets are fully depreciated.

Depreciation for the 12 month ended March 31, 2025 was \$0.

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## OLDFIELD CAPITAL GROUP, LLC NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2025

### NOTE 5 - NET CAPITAL REQUIREMENTS:

The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital, and requires that the ratio of aggregate indebtedness to net capital, shall not exceed 12.5 to 1, in the first year of membership and 15 to 1, thereafter. 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, 2025, the Company had net capital of \$22,704 which was \$17,704 in excess of its required net capital of \$5,000. The Company's ratio of aggregate indebtedness to net capital was 0.0203 to 1.

### NOTE 6 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS:

The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification" or "ASC") as the authoritative source of GAAP recognized by the FASB. The principles embodied in the Codification are to be applied by nongovernmental entities in the preparation of financial statements in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the issuance of Accounting Standards Updates ("ASUs").

For the period ended March 31, 2025, various ASUs issued by the FASB were either newly issued or had effective implementation dates that would require their provisions to be reflected in the financial statements for the year then ended. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company's financial statements. In most cases, management has determined that the pronouncement has ether limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statements taken as a whole.

### NOTE 7 - EXEMPTION FROM RULE 15c3-3:

The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934. The Company does not hold customers' cash or securities and, therefore, has no obligations under the Rule 15c3-3.

### NOTE 8 - SEGMENT REPORTING

The Company follows ASC 280, Segment Reporting (including adoption of ASU 2023-07), which requires companies to disclose segment data based on how management makes decisions about allocating resources to segments and evaluating performance.

The Company conducts its business activities and reports financial results as a single reportable segment, brokerage services segment. Using the management approach, qualitative and quantitative criteria established by ASC 280, the Company is considered to be a single reportable segment.

The Company's Chief Operating Decision Maker ("CODM") is the Company's Chief Executive Officer. The CODM makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents their financial results. The nature of business and accounting policies of the brokerage services segment are the same as described in the organization and nature of business and summary of significant accounting policies. The measure of segment assets is reported on the Statement of Financial Condition as total assets. Segment financial in that presented in the accompanying financial statement.

### NOTE 9 - SUBSEQUENT EVENTS:

The Company has evaluated events subsequent to tinancial Condition date for items requiring recording or disclosure in the financial statements. The evaluation was performed 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.

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Supplementary Information

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# Bernstein & Pinchuk

## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Director and Member of Oldfield Capital Group LLC

We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) Oldfield Capital Group 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 placement of securities, mergers and acquisitions advisory services. In addition, the Company did not directly receive, hold, or otherwise owe funds or securities for or to customers; 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 without exception.

The Company'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 procedures to obtain evidence about the Company'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.

Bernstein & Pinchuk LLP

New York, NY

May 14, 2025

NEW YORK . LOS ANGELES . BEIJING

кат комонсь Seven Penn Plaza, Suite 830, New York 10001 т: 212.279.7900 г: 212.279.7901 www.bpaccountants.com Affiliate of Maroum Bernstein & Pinohuk LLP | Members of AICPA, NYSSCPA and CalCPA | PCAO8 Registered

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### OLDFIELD CAPITAL GROUP, LLC

### EXEMPTION REPORT FOR THE YEAR ENDED MARCH 31, 2025

Oldfield Capital Group, LLC (the "Company") is a registered broker-dealer subject to rule 17a-5 promulgated by 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 asserts the following:

(1)The Company does 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 activites exclusively to :(1) private placement of securities, and (2) mergers and acquisitions advisory services and the Company (1) did not directly receive, hold, or otherwise owe funds or securities for or to customers; (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 without exception.

I, Hisham Sober, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct.

Title: CEO

Date: 5/14/2025

See review report of independent registered public accounting firm


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