Boluwatife Ibrahim

STRUT AND MANOR LIMITED STATEMENT OF AFFAIRS FOR THE YEAR ENDED 31ST DECEMBER, 2022 FlintXposures Nigeria Limited ARIYO FATAI & CO hartered Accountants (CHARTERED ACCOUNTANTS) 1 STRUT AND MANOR LIMITED CONTENTS PAGE Report of the Auditors 3 Statement of Affairs 4 Notes to the Accounts 5-6 2 REPORT OF THE AUDITORS TO MEMBERS OF STRUT AND MANOR LIMITED We have audited the statement of affairs of STRUT AND MANOR LIMITED for the year ended 31st December, 2022 set out on page 4-6 which have been prepared under the historical cost convention. Respective Responsibilities of Directors and Auditors In accordance with the Companies and Allied Matters Act, 2020, the company’s Directors are responsible for the Preparation of financial statements. It is our responsibility to form an independent opinion based on our audit on those statements and to report our opinion to you. Basis of Opinion We conducted our audit in accordance with the International Standards on Audit issued by the International Federation of Accountants. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of significant estimates and judgments made by the directors in the preparation of the financial statements, and of whether the accounting policies are appropriate to the company’s circumstances, consistently applied and adequately disclosed. We planned and performed our audit so as to obtain all the information and explanations, which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the financial statements and assessed whether the company’s books of account has been properly kept. We have obtained all the information and explanations we required for the purpose of our audit. Opinion In our opinion, the company has kept proper books of accounts and the financial statements are in agreement with the books. The financial statements drawn up in conformity with the generally accepted Accounting Standards in Nigeria, give a true and fair view of the statement of affairs for the year ended December 31st, 2022 and have been properly prepared in accordance with the Companies and Allied Matters Act, 2020. Ariyo Fatai & Co Lagos, Nigeria ……………2023 3 STRUT AND MANOR LIMITED STATEMENT OF AFFAIRS FOR THE YEAR ENDED 31ST DECEMBER 2022 Notes 2022 2 1,625,560 Pre-Operational expenses 3 840,965 Current Liabilities 4 (50,000) FIXED ASSET CURRENT ASSETS 2,416,525 Share Capital 1,000,000 Deposit for Shares (Director’s Current Account 1,416,525 2,416,525 The Statement of affairs was approved by the board On December 14th, 2023 and signed on its behalf by …………………………………………. Directors …………………………………………… The notes on pages 5 and 6 form part of this statement of affairs. 4 STRUT AND MANOR LIMITED NOTE TO THE STATEMENT OF AFFAIRS FOR THE YEAR ENDED 31ST DECEMBER 2022 1. The Company The Company was incorporated in Nigeria as a private limited liability company on 7th of February 2020.The Company is into general engineering, designing, repairs, importing and exporting and has not begun operation. 2. Fixed Asset Motor Vehicle Office Equipment N 1,000,000 550,000 Furniture/Fittings 75,560 1,625,560 3. Current Asset. 3.1 Pre-operational expense Office Expenses Telephone N 118,000 37,000 Printing and Stationery Motor Vehicle expense Rent Audit Fees. 49,365 53,000 533,600 50,000 840,965 4 Current Liabilities Audit Fee. 50,000 5 STRUT AND MANOR LIMITED NOTE TO THE STATEMENT OF AFFAIRS FOR THE YEAR ENDED 31ST DECEMBER 2022 5 Share Capital Authorized Called-up, issued and fully paid, 1,000,000 Ordinary 1,000,000 Shares of N1.00 each 6 Director Current Account is use to Fund the Business 7 Director emoluments 1,416,525 Number Number of directors who had no emoluments 2 7 Guarantees and other Financial Commitments The Director is of the opinion that all known liabilities and commitments which are relevant in assessing the Company’s state of affairs have been taken into consideration in the preparation of the financial statement under review. 8 Post balance sheet events Since the balance sheet date there has been no abnormal event which could have materially affected the financial position of the company for the year ended December 31st 2022. 6