# EDGAR Filing Document

**Accession Number:** 0001388082
**File Stem:** 0001388082-23-000001
**Filing Date:** 2023-2
**Character Count:** 16056
**Document Hash:** a58f0cf8c76eed63be44964ec21a480c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001388082-23-000001.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001388082-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**EFFECTIVENESS DATE**: 20230209

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LOCKEBRIDGE PARTNERS, INC.
- **CENTRAL INDEX KEY:** 0001388082
- **IRS NUMBER:** 204668060
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-67533
- **FILM NUMBER:** 23601866

**BUSINESS ADDRESS:**
- **STREET 1:** 100 TRADECENTER, SUITE G-700
- **STREET 2:** 100
- **CITY:** WOBURN
- **STATE:** MA
- **ZIP:** 01801
- **BUSINESS PHONE:** (781) 676-2001

**MAIL ADDRESS:**
- **STREET 1:** 100 TRADECENTER, SUITE G-700
- **STREET 2:** 100
- **CITY:** WOBURN
- **STATE:** MA
- **ZIP:** 01801

### Attached PDF Documents

**Attachment 1:** `LockeBridgePublic22.pdf`

# UNITED STATES

# SECURITIES AND EXCHANGE COMMISSION

# Washington, D.C. 20549

OMB APPROVAL

OMB Number: 3235-0123

Expires: Oct. 31, 2023

Estimated average burden

hours per response: 12

# ANNUAL REPORTS

# FORM X-17A-5

# PART III

SEC FILE NUMBER

8-67533

# 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 01/01/22 AND ENDING 12/31/22

MM/DD/YY

MM/DD/YY

# A. REGISTRANT IDENTIFICATION

NAME OF FIRM: LockeBridge Partners, Inc.

TYPE OF REGISTRANT (check all applicable boxes):

☑ Broker-dealer

☐ Security-based swap dealer

☐ Major security-based swap participant

☐ Check here if respondent is also an OTC derivatives dealer

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

100 Tradecenter, Suite G-700, 100

| (No. and Street) |  |  |
| --- | --- | --- |
| Woburn | MA | 01801 |
| (City) | (State) | (Zip Code) |

PERSON TO CONTACT WITH REGARD TO THIS FILING

| Scott Waxler | 978-764-0727 | swaxler@lockebridge.com |
| --- | --- | --- |
| (Name) | (Area Code - Telephone Number) | (Email Address) |

# B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*

Tuttle & Bond, PLLC

| (Name - if individual, state last, first, and middle name) |  |  |  |
| --- | --- | --- | --- |
| 2954 Goehmann Lane | Fredericksburg | TX | 78624 |
| (Address) | (City) | (State) | (Zip Code) |
| 03/19/2019 |  | 6543 |  |
| (Date of Registration with PCAOB)(if applicable) |  | (PCAOB Registration Number, if applicable) |  |
| 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 240.17a-5(e)(1)(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 OMB control number.

# OATH OR AFFIRMATION

I, Scott Waxler, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of LockeBridge Partners, Inc., as of December 31, 2022, 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.

CHERYL A. MCGARIGLE

Notary Public, Commonwealth of Massachusetts

My Commission Expires September 14, 2023

Cheryl A. McGarigle
Notary Public

Scott Waxler
Managing Partner

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 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.
☐ (l) 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.
☑ (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.
☑ (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.

LockeBridge Partners, Inc.

# Financial Statements  
And Supplemental Information

For the Year Ended December 31, 2022

Page 1 of 6

# LOCKEBRIDGE PARTNERS, INC.

## CONTENTS

| Report of Independent Registered Public Accounting Firm | 3 |
| --- | --- |
| Financial Statements |  |
| Statement of Financial Condition | 4 |
| Notes to Financial Statements | 5 |

Page 2 of 6

![img-0.jpeg](img-0.jpeg)

## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To Director and Shareholder of LockeBridge Partners, Inc.

### Opinion on The Financial Statements

We have audited the accompanying statement of financial condition of LockeBridge Partners, Inc. (the 'Company') as of December 31, 2022, and the related notes (collectively referred to as 'financial statement'). In our opinion, the financial condition presents fairly, in all material respects, the financial position of the Company as of December 31, 2022, 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 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 standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free from material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, 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.

*Tuttle & Bond PLLC*

Fredericksburg, Texas **January 30, 2023**

We have served as the LockeBridge Partners, Inc.'s auditor since 2020.

---

Page 3 of 6

# LockeBridge Partners, Inc.  
 Statement of Financial Condition  
 December 31, 2022

# **ASSETS**

| Cash | $ | 21,164 |
| --- | --- | --- |
| CRD Account |  | 213 |
| TOTAL ASSETS |  | 21,376 |

# **LIABILITIES & STOCKHOLDER'S EQUITY**

| Liabilities |  |  |
| --- | --- | --- |
| Accrued Expenses |  | 3,361 |
| Total Liabilities |  | 3,361 |

# **Stockholder's Equity**

| Common Stock |  | 20 |
| --- | --- | --- |
| $.01 par value, 2,000 shares authorized, issued and outstanding |  |  |
| Additional Paid In Capital |  | 187,985 |
| Retained Earnings |  | -154,493 |
| Net Income |  | -15,496 |
| Total Stockholder's Equity |  | 18,016 |

| TOTAL LIABILITIES & EQUITY | $ | 21,376 |
| --- | --- | --- |

The accompanying notes are an integral part of these financial statements

Page 4 of 6

# **LOCKEBRIDGE PARTNERS, INC.**  
**NOTES TO THE FINANCIAL STATEMENTS**  
**Year Ended December 31, 2022**

# **1. Nature of Operations**

LockeBridge Partners, Inc. (the “Company”) is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the SPIC and the Financial Industry Regulatory Authority, Inc (FINRA). The Company engages in capital raising, brokering the sale and purchase of businesses and business consulting services.

# **2. Summary of Significant Accounting Policies**

# ***Basis of Presentation and Use of Estimates***

The preparation of financial statements in conformity 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

# ***Subsequent Events***

Management has evaluated subsequent events through January 30, 2023 which is the date these financial statements were available to be issued. There have been no material subsequent events that would require disclosure or would be required to be recognized in the financial statements as of December 31, 2022.

# ***Cash***

Cash includes cash held with a financial institution and with a central registration depository (“CRD”) account with FINRA.

# ***Revenue Recognition***

The Company enters into contracts with customers calling for consulting fees and commissions to be paid according to specific payment terms, as defined. The Company, upon commencement of generating revenue, will recognize such revenue under ASC Topic 606, Revenue from Contracts with Customers. To determine the amount and timing of revenue recognition, the Company will (1) identify the contract with the client, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when the Company satisfies a performance obligation. Specifically, the Company recognizes revenue from retainers and engagement fees on a percent completion basis and contingent success-based fees are recognized upon payment. There were no customers in 2022 and so no revenue was recognized.

# ***Income Taxes***

The Company has elected to be treated as an S Corporation for both federal and state tax purposes whereby the stockholder reports all income and losses in his individual tax return. Accordingly, the accompanying financial statement reflect no provision for income taxes. The Company’s income tax returns are subject to examination by taxing authorities, generally for three years after they were filed.

# **3. Subordinated Liabilities**

The Company did not have any subordinated liabilities at any time during the year ended December 31, 2022.

Page 5 of 6

# **LOCKEBRIDGE PARTNERS, INC.**  
**NOTES TO THE FINANCIAL STATEMENTS**  
**Year Ended December 31, 2022**

# **4. Net Capital Requirements**

As a broker-dealer the Company is subject to the Uniform Net Capital Rule 15c3-1 under the Securities and 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 December 31, 2022 the Company had net capital of $18,016 which was $13,016 in excess of its required net capital of $5,000. The Company's ratio of aggregate indebtedness to net capital was 0.18 to 1 as of December 31, 2022.

# **5. Related Party Transactions**

The Company is collocated with a sister entity, LockeBridge, LLC (the 'LLC'). Under a Management Services Agreement ('MSA') dated July 1, 2018 the LLC provides certain services to the relating to the use of its facilities. These amounts are monthly and are subject to periodic review. During the year ended December 31, 2022 the Company paid $2,200 to the LLC classified as rental expense in the statement of operations.

# **6. Guarantees, Contingencies and Commitments**

The Company has made no guarantees, does not have any pending lawsuits or arbitration claims, and has no commitments.

Page 6 of 6

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001388082

**Filer CCC:** XXXXXXXX

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

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

### Submission Information

**Report Period Begin Date:** 01-01-2022

**Report Period End Date:** 12-31-2022

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** LOCKEBRIDGE PARTNERS, INC.

**Business Address:** 100 TRADECENTER, SUITE G-700, 100, WOBURN, MA, 01801

**Contact Person:** Scott Waxler

**Contact Phone:** 978-764-0727

### Independent Public Accountant Identification

**Accountant Name:** Tuttle & Bond, PLLC

**Accountant Address:** 2954 Goehmann Lane, Fredericksburg, TX, 78624

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Scott Waxler**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **LOCKEBRIDGE PARTNERS, INC.**, as of **12-31-2022**, are true and correct.

**Signature:** Scott Waxler

**Title:** Managing Partner

**Notarized:** Yes