Full text of STERLING SMITH CORPORATION's X-17A-5 filed 2024-02-23 (period 2023-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ Sterling Smith Corporation December 31, 2023 # **ina cia tatemen s**  {1}------------------------------------------------ # STERLING SMITH CORPORATION STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2023 ### ASSETS | Cash and cash equivalents, unrestricted | \lt;br>517,577 | |----------------------------------------------|-----------------| | Cash held with clearing broker | 410,938 | | Deposits held by clearing broker, restricted | 250,000 | | Prepaid expenses | 3,307 | | Securities, at market value | 2,075,571 | | TOTAL ASSETS | \lt;br>3,257,393 | | | | ### LIABILITIES AND STOCKHOLDER'S EQUITY | LIABILITIES | | |-------------------------------------------------------------------------------------------------------------------------|-----------------| | Accounts payable and accrued expenses | \lt;br>201 ,952 | | STOCKHOLDER'S EQUITY<br>Common stock with par value of \$.01 per share,<br>50,000,000 shares authorized, 100,000 issued | | | and outstanding | 1,000 | | Additional paid-in capital | "315,200 | | Retained earnings | 2,739,241 | | TOTAL STOCKHOLDER'S EQUITY | 3,055,441 | | TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | \lt;br>3,257,393 | The accompanying notes are an integral part of these financial statements. {2}------------------------------------------------  ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Management of Sterling Smith Corporation ### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Sterling Smith Corporation as of December 31 , 2023, the related statements of income, stockholder's equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly , in all material respects, the financial position of Sterling Smith Corporation as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. ### **Basis for Opinion** These financial statements are the responsibility of Sterling Smith Corporation's management. Our responsibility is to express an opinion on Sterling Smith Corporation's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Ove…Read the full text as markdown