# EDGAR Filing Document

**Accession Number:** 0001494660
**File Stem:** 0001494660-26-000003
**Filing Date:** 2026-3
**Character Count:** 2414
**Document Hash:** 295984c2f351514b000a0211d8b29f59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001494660-26-000003.hdr.sgml**: 20260306

**ACCESSION NUMBER**: 0001494660-26-000003

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260306

**DATE AS OF CHANGE**: 20260306

**EFFECTIVENESS DATE**: 20260306

**PERIOD START**: 20250101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ELM CAPITAL USA LIMITED
- **CENTRAL INDEX KEY:** 0001494660

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** XX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-68633
- **FILM NUMBER:** 26729090

**BUSINESS ADDRESS:**
- **STREET 1:** 7TH FLOOR, SOUTHWEST HOUSE
- **STREET 2:** 11A REGENT STREET, ST JAMES
- **CITY:** LONDON
- **ZIP:** SW1Y 4LR
- **BUSINESS PHONE:** 011 44 207 901 8

**MAIL ADDRESS:**
- **STREET 1:** 7TH FLOOR, SOUTHWEST HOUSE
- **STREET 2:** 11A REGENT STREET, ST JAMES
- **CITY:** LONDON
- **ZIP:** SW1Y 4LR

### Attached PDF Documents

**Attachment 1:** `Public_.pdf`

_No text found in this document._

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001494660

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** No

### Submission Information

**Report Period Begin Date:** 01-01-2025

**Report Period End Date:** 12-31-2025

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** ELM CAPITAL USA LIMITED

**Business Address:** 7TH FLOOR, SOUTHWEST HOUSE, 11A REGENT STREET, ST JAMES, LONDON, X0, SW1Y 4LR

**Contact Person:** Samantha Page

**Contact Phone:** 442079018942

### Independent Public Accountant Identification

**Accountant Name:** Morris & Morris PC

**Accountant Address:** 32 Kearney Road, Needham Heights, MA, MA 02494

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Samantha Page**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **ELM CAPITAL USA LIMITED**, as of **12-31-2025**, are true and correct.

**Signature:** Samantha Page

**Title:** Head of Operations, Corporate Secretary