Full text of SOMERSET SECURITIES, INC.'s X-17A-5 filed 2025-03-31 (period 2024-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ ## SOMERSET SECURITIES, INC. STATEMENT OF FINANCIAL CONDITION ## DECEMBER 31, 2024 ## ASSETS | Cash | \$ 25,352 | |---------------------------------------------------------------------------------|---------------| | Commissions receivable | 141,050 | | Due from related party | 37,242 | | Prepaid expenses | 19,180 | | TOTAL ASSETS | \$ 222.824 | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | Liabilities: | | | Commissions payable and accrued expenses | \lt;br>55.412 | | TOTAL LIABILITIES | 55,412 | | Stockholder's Equity | | | Common stock, \$1 par value, authorized, issued and<br>outstanding 1,000 shares | 1,000 | | Additional paid-in capital | 156,301 | | Retained earnings | 10,111 | | TOTAL STOCKHOLDER'S EQUITY | 167,412 | | TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | 222.824<br>\$ |Read the full text as markdown