# SOMERSET SECURITIES, INC. X-17A-5 (2021-02-12) — Broker-dealer annual report

- Company: SOMERSET SECURITIES, INC.
- Form: X-17A-5
- Filed: 2021-02-12
- Period: 2020-12-31
- Accession: 0000057106-21-000001
- CIK: 57106
- File #: 8-11539
- Material weakness: No
- Auditor: Ohab & Company, PA
- Auditor location: Maitland, FL
- Contact: Ken George
- Phone: 6033805435
- Signed by: Thomas Hamlin (CEO)

Original filing: https://www.sec.gov/Archives/edgar/data/57106/000005710621000001/dec20_audit_somerset_bs.pdf

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## SOMERSET SECURITIES, INC. STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2020

## A S S E T S

| Cash                                                                                                    | \$ 20,649                |
|---------------------------------------------------------------------------------------------------------|--------------------------|
| Commissions receivable                                                                                  | 269,512                  |
| Due from related party                                                                                  | 4,352                    |
| Prepaid expenses                                                                                        | 17,227                   |
| TOTAL ASSETS                                                                                            | \$ 311,740               |
| LIABILITIES AND STOCKHOLDER'S EQUITY                                                                    |                          |
| Liabilities:<br>Commissions payable and accrued expenses<br>TOTAL LIABILITIES                           | \$<br>144,128<br>144,128 |
| Stockholder's Equity<br>Common stock, \$1 par value, authorized, issued and<br>outstanding 1,000 shares | 1,000                    |
| Additional paid-in capital                                                                              | 156,301                  |
| Retained earnings                                                                                       | 10,311                   |
| TOTAL STOCKHOLDER'S EQUITY                                                                              | 167,612                  |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY                                                              | \$ 311,740               |


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.