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REGISTERED NUMBER: 07077412 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 August 2024 |

| for |

| Guitar Galleries Limited |

| Guitar Galleries Limited (Registered number: 07077412) |

Contents of the Financial Statements

for the Year Ended 31 August 2024

Page |

| Balance Sheet | 1 |

| Guitar Galleries Limited (Registered number: 07077412) |

Balance Sheet

31 August 2024

| 2024 | 2023 |

| as restated |

£ | £ | £ | £ |

FIXED ASSETS | 48 |  | 3,970 |  |

CURRENT ASSETS | 87,076 |  | 109,283 |  |

PREPAYMENTS AND ACCRUED INCOME | 4,967 |  | - |  |

CREDITORS

Amounts falling due within one year | (64,899 | ) | (67,213 | ) |

NET CURRENT ASSETS | 27,144 |  | 42,070 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 27,192 |  | 46,040 |  |

CREDITORS

Amounts falling due after more than one year | (534,765 | ) | (395,940 | ) |

ACCRUALS AND DEFERRED INCOME | (7,873 | ) | (8,622 | ) |

NET LIABILITIES | (515,446 | ) | (358,522 | ) |

CAPITAL AND RESERVES | (515,446 | ) | (358,522 | ) |

NOTES TO THE FINANCIAL STATEMENTS

1. | STATUTORY INFORMATION

| Guitar Galleries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 07077412

| Registered office: | Unit 7 Flemingate

| Guitar Galleries

| Beverley

| East Riding

| HU17 ONQ

2. | GOING CONCERN

| The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However, the validity of the going concern basis is dependent upon the support of the creditors and the director. Should the company be unable to continue trading, adjustments would have to be made to reduce that value of the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets as currents assets and long term liabilities as current liabilities.

3. | AVERAGE NUMBER OF EMPLOYEES

| The average number of employees during the year was 3 (2023 - 3 ) .

| Guitar Galleries Limited (Registered number: 07077412) |

Balance Sheet - continued

31 August 2024

NOTES TO THE FINANCIAL STATEMENTS

4. | OFF-BALANCE SHEET ARRANGEMENTS

|  | 2024 |  | 2023 |  |

| £ |  | £ |  |

| Within one year |  | 30,082 |  | 30,082 |  |

| Between two and five years |  | 90,246 |  | 120,328 |  |

| More than five years |  | - |  | - |  |

|  | 120,328 |  | 150,410 |  |

4. | PRIOR YEAR ADJUSTMENT

| Whilst preparing the financial statements for the year ended 31 August 2024, it was noted that for the year ended 31 August 2023 the current assets were overstated by £153,311, creditors: amounts falling due within one year were understated by £33,716 and creditors: amounts falling due after more than one year were overstated by £219,421. This has been corrected by way of a prior year adjustment and the comparatives have been altered accordingly.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

G H Bushby - Director