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    IHIINIIII~IIflI~NI111N 16021661

    ION Washington, D.C. 20549

    ANNUAL AUDITED REPORT FORM X 17A-5

    PART III

    OMB APPROVAL OMB Number: 3235-0123 Expires: May 31, 2017 Estimated average burden hours perresponse ......12.00

    SEC FILE NUMBER

    8-61 I~- FACING PAGE

    Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder

    REPORT FOR THE PERIOD BEGINNING 1A ° 1, -~- 01 J AND ENDING ~~ f'' ~ t a 0 1 t, MM/DD/YY MM/DD/YY

    A. REGISTRANT IDENTIFICATION

    NAME OF BROKER-DEALER: Cg STA INS S%h.~l II LL J OFFICIAL USE ONLY

    ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) FIRM I.D. NO.

    1 -7 SAVILJ foW (No. and Street)

    tVa0Al ~~s 3PnI (City) (State) (Zip Code)

    NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT

    (Area Codc - Telephone Number)

    B. ACCOUNTANT IDENTIFICATION

    INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*

    s~IA tMPAIVY P&- (Name - if individual, state last. first, middle name)

    33 o Boy LS f-0,V 5j_XEf i ~CSI NU-r H+IaI A4 (Address) (City) (State) (Zip Code)

    CHECK ONE: o Cm

    Certified Public Accountant

    Public Accountant r —4 Y C t`"`) ry C-)

    HAccountant not resident in United States or any of its possessions. O M

    FOR OFFICIAL USE ONLY —

    c; W

    *Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(e)(2)

    Potential persons who are to respond to the collection of

    SEC 1410 06-02 information contained in this form are not required to respond

    ( ) unless theform displays a currentlyvaild OMB control number.

    H

  • I, yltcG a,-A my knowledge and belief the

    e i es K i4 e.s ant of

    LL

    OATH OR AFFIRMATION

    , swear (or affirm) that, to the best of

    financial statement and supporting schedules pertaining to the firm of

    , as

    20 1 C , are true and correct. I further swear (or affirm) that

    neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account

    classified solely as that of a customer, except as follows:

    ay~a RrcNpN1 ~sovw povi►~p het~t, v G.M.,I~ V.K.

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    Notary Public

    Signature

    0C51~►\L„1JA ftELAA ~fj- Title

    David John Guilie Notary Public Office 5 Fairbank Studios 75/81 Burnaby Street

    This report ** contains (check all applicable boxes): Chelsea London (a) Facing Page. SW10 ON5 England

    (b) Statement of Financial Condition. (c) Statement of Income (Loss),

    ® (d) Statement of Changes in Financial Condition. (~ (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.

    (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. ® (g) Computation of Net Capital. ❑ (h) Computation for Determination of Reserve Requirements Pursuant to Rule 150-3. ❑ (i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3. ❑ 0) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule 15c3-1 and the

    Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 150-3. ❑ (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of

    consolidation. (1) An Oath or Affirmation. (m) A copy of the SIPC Supplemental Report.

    ❑ (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit.

    **For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)(3)_

  • CRESTA WESTHALL LLP

    FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

    Year Ended June 30, 2016

  • TABLE OF CONTENTS

    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

    FINANCIAL STATEMENTS

    Statement of Financial Condition

    Statement of Income

    Statement of Changes in Partners' Capital

    2

    4

    Statement of Changes in Liabilities Subordinated to 5 Claims of General Creditors

    Statement of Cash Flows

    Notes to Financial Statements

    SUPPLEMENTAL SCHEDULE

    0

    7-9

    Computation of Net Capital Pursuant to Uniform Net Capital Rule 1 Sc3 -1 10

  • SAMET Cert ed Public Accountants REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

    To the Partners of Cresta Westhall LLP

    We have audited the accompanying statement of financial condition of Cresta Westhall LLP (incorporated in England and Wales) as of June 30, 2016, and the related statements of income, changes in partners' capital, changes in liabilities subordinated to claims of general creditors, and cash flows for the year then ended. These financial statements are the responsibility of Cresta Westhall LLP's management. Our responsibility is to express an opinion on these financial statements based on our audit.

    We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

    In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Cresta Westhall LLP as of June 30, 2016, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

    The computation of net capital pursuant to uniform net capital rule 15c3-1 has been subjected to audit procedures performed in conjunction with the audit of Cresta Westhall LLP's financial statements. The supplemental information is the responsibility of Cresta Westhall LLP's management. Our audit procedures included determining whether the 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 computation of net capital pursuant to uniform net capital rule 15c3-1 is fairly stated, in all material respects, in relation to the financial statements as a whole.

    Chestnut Hill, Massachusetts

    July 22, 2016

    -1-

    Samet & Company PC . 1330 Boylston Street 617.731.1222 Chestnut Hill, MA 02467 617.734.8052 fax www.samet-cpa.com

  • Cash

    Partners' Capital

    Cresta Westhall LLP

    STATEMENT OF FINANCIAL CONDITION

    June 30, 2016

    ASSETS

    PARTNERS' CAPITAL

    $ 56,466

    $ 56,466

    See notes to financial statements - Pg 2 -

  • Revenues: Commission income

    Operating expenses:

    Fidelity Bond Bank Charges Regulatory Fees Subscriptions Professional Fees Rent Technology Emails Office Expense

    Exhange rate Loss

    Net Income

    Cresta Westhall LLP

    STATEMENT OF INCOME

    Year ended June 30, 2016

    See notes to financial statements

    $ 527,804

    832 348

    6,859 3,939

    15,750 1,816 1,160 470

    3,219

    5,018

    39,411

    $ 488,393

    -Pg3-

  • Cresta Westhall LLP

    STATEMENT OF CHANGES IN PARTNERS' CAPITAL Year Ended June 30, 2016

    Balance, July 1, 2015 $ (34,777) Distributions (397,150) Net income 488,393

    Balance, June 30, 2016 $ 56,466

    See notes to financial statements - Pg 4_

  • Cresta Westhaff LLP

    STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED TO CLAIMS OF GENERAL CREDITORS

    Year Ended June 30, 2016

    Subordinated borrowings at July 1, 2015 $ 82,330

    Decrease

    Pay off of Subordinated Loans

    Subordinated borrowings at June 30, 2016

    (82,330)

    -Pg5 See notes to financial statements _

  • Cresta Westhall LLP

    STATEMENT OF CASH FLOWS Year Ended June 30, 2016

    Cash flows from operating activities: Net Income

    Cash flows from financing activities: Distributions

    Repayment of Subordinated Notes Payable

    Net cash used for financing activitities

    Net increase in cash during the year

    Cash, beginning of year

    Cash, end of year

    $ 488,393

    (397,150) (82,330)

    (479,480)

    8,913

    47,553

    $ 56,466

    See notes to financial statements - Pg 6 -

  • Cresta Westhall LLP

    NOTES TO FINANCIAL STATEMENTS June 30, 2016

    Note 1 Organization and

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