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Company registration number: SC114942
First Down Leisure Limited
15 November 2024
DICKSON MIDDLETON
Chartered Accountants
www.dicksonmiddleton.co.uk
A member firm of the UK 200 Group
First Down Leisure Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
First Down Leisure Limited
Directors and other information

| Directors | David Dunsmore
|  | Pamela Dunsmore
| Secretary | Pamela Dunsmore
| Company number | SC114942
| Registered office | 162 Stirling Street
|  | Denny
|  | Stirlingshire
|  | FK6 6HS
| Accountants | Dickson Middleton
|  | Chartered Accountants
|  | 5/9 Bridge Street
|  | Bonnybridge
|  | FK4 1AD

| Bankers | TSB Bank plc
|  | High Street
|  | Falkirk
|  | FK1 1EA

First Down Leisure Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of First Down Leisure Limited
Year ended 15 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Down Leisure Limited for the year ended 15 November 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of First Down Leisure Limited, as a body, in accordance with the terms of our engagement letter dated 25 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of First Down Leisure Limited and state those matters that we have agreed to state to the board of directors of First Down Leisure Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Down Leisure Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that First Down Leisure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of First Down Leisure Limited. You consider that First Down Leisure Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of First Down Leisure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Dickson Middleton
Chartered Accountants
5/9 Bridge Street
Bonnybridge
FK4 1AD
13 February 2026
First Down Leisure Limited
Statement of financial position
15 November 2024

|  |  | 2024 |  |  |  | 2023 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 5,248 |  |  |  | 7,782 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 5,248 |  |  |  | 7,782
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 5,960 |  |  |  | 7,355 |  |
Debtors |  | 6 | 899 |  |  |  | 113 |  |
Cash at bank and in hand |  |  | 10,087 |  |  |  | 12,444 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 16,946 |  |  |  | 19,912 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 211,490) |  |  |  | ( 193,165) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 194,544) |  |  |  | ( 173,253)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | ( 189,296) |  |  |  | ( 165,471)
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 16,500) |  |  |  | ( 19,500)
|  |  |  |  | _______ |  |  |  | _______
Net liabilities |  |  |  |  | ( 205,796) |  |  |  | ( 184,971)
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 9 |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | ( 205,896) |  |  |  | ( 185,071)
|  |  |  |  | _______ |  |  |  | _______
Shareholders deficit |  |  |  |  | ( 205,796) |  |  |  | ( 184,971)
|  |  |  |  | _______ |  |  |  | _______

For the year ending 15 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 February 2026 , and are signed on behalf of the board by:
Pamela Dunsmore
Director
Company registration number: SC114942
First Down Leisure Limited
Notes to the financial statements
Year ended 15 November 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 162 Stirling Street, Denny, Stirlingshire, FK6 6HS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historic cost basis. The financial statements are prepared in sterling, which is the functional currency of the company.
Going concern
The directors are confident that the company can continue to trade as a going concern due to the continued support of their related company and their personal support.
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Tenants Improvements | - | 5% straight line |
| Fixtures, fittings and equipment | - | 20% reducing balance/ 25% straight line |
| Trailer | - | 25% reducing balance |

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stock is measured at the lower of cost and net realisable value.
Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds basic financial instruments, which comprise cash and cash equivalents, trade and other debtors, trade and other creditors.Cash and cash equivalents comprise cash in hand, deposits held with banks and other short-term highly liquid investments with original maturities of three months or less.Trade and other debtors are initially recognised at the transaction price, including any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount expected to be receivable, net of any impairment. At the end of each reporting year, the company assesses whether there is objective evidence that any financial asset amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all the amounts due according to the original terms of the financial assets. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows. The amount of the provision is recognised immediately in the statement of income and retained earnings.Trade and other creditors are initially measured at the transaction price, including any transaction costs, and are subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.
Defined contribution plans
The company operates defined contribution plans for its employees. Contributions payable are recognised in the statement of income when they are due.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 13 ).
5. Tangible assets

|  | Long leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total |  |
|  | £ | £ | £ | £ | £ |  |
| Cost |  |  |  |  |  |  |
| At 16 November 2023 and |  |  |  |  |  |  |
| 15 November 2024 | 14,380 | 630 | 128,949 | 2,257 | 146,216 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Depreciation |  |  |  |  |  |  |
| At 16 November 2023 | 14,380 | - | 121,797 | 2,257 | 138,434 |  |
| Charge for the year | - | - | 2,534 | - | 2,534 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 15 November 2024 | 14,380 | - | 124,331 | 2,257 | 140,968 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Carrying amount |  |  |  |  |  |  |
| At 15 November 2024 | - | 630 | 4,618 | - | 5,248 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 15 November 2023 | - | 630 | 7,152 | - | 7,782 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |

6. Debtors

|  |  | 2024 | 2023
|  |  | £ | £
| Other debtors |  | 899 | 113
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2024 | 2023
|  |  | £ | £
| Bank loans and overdrafts |  | 3,000 | 3,000
| Trade creditors |  | 7,175 | 11,577
| Social security and other taxes |  | 13,614 | 5,884
| Other creditors |  | 187,701 | 172,704
|  |  | _______ | _______
|  |  | 211,490 | 193,165
|  |  | _______ | _______

8. Creditors: amounts falling due after more than one year

|  |  | 2024 | 2023
|  |  | £ | £
| Bank loans and overdrafts |  | 16,500 | 19,500
|  |  | _______ | _______

9. Called up share capital
Authorised share capital

|  |  | 2024 |  |  |  | 2023 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares of £ 1.00 each |  | 100 |  | 100 |  | 100 |  | 100
|  |  | _______ |  | _______ |  | _______ |  | _______

Issued, called up and fully paid

|  |  | 2024 |  |  |  | 2023 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares of £ 1.00 each |  | 100 |  | 100 |  | 100 |  | 100
|  |  | _______ |  | _______ |  | _______ |  | _______

10. Controlling party
Andrew Dunsmore is the majority shareholder and controls the company.