REGISTERED NUMBER: 13791487 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 28th February 2025

for

RBR Badminton Shoot Limited

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Income Statement

5

Other Comprehensive Income

6

Balance Sheet

7

Statement of Changes in Equity

8

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11

DIRECTORS:

J W B Duncan

A H W V Murray

H C Parker

G L Stephenson

P Wolstenholme

SECRETARY:

H C Parker

REGISTERED OFFICE:

25 High Street

Hungerford

United Kingdom

Berkshire

RG17 0NF

REGISTERED NUMBER:

13791487 (England and Wales)

AUDITORS:

James Cowper Kreston Audit

2 Communications Road

Greenham Business Park

Greenham

Newbury

Berkshire

RG19 6AB

The directors present their report with the financial statements of the company for the year ended 28th February 2025.

DIVIDENDS

No dividends will be distributed for the year ended 28th February 2025 (2024 - £nil).

DIRECTORS

The directors shown below have held office during the whole of the period from 1st March 2024 to the date of this report.

J W B Duncan

A H W V Murray

H C Parker

G L Stephenson

P Wolstenholme

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

H C Parker - Director

7th August 2025

Opinion

We have audited the financial statements of RBR Badminton Shoot Limited (the 'company') for the year ended 28th February 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 28th February 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves

intentional concealment, forgery, collusion, omission or misrepresentation.

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;

- Enquiry of management and those charged with governance to identify any material instances of noncompliance with laws and regulations;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Darren O’Connor BSc (Hons), FCCA, ACA (Senior Statutory Auditor)

for and on behalf of James Cowper Kreston Audit

2 Communications Road

Greenham Business Park

Greenham

Newbury

Berkshire

RG19 6AB

8th August 2025

TURNOVER

727,646

860,278

Cost of sales

602,238

677,933

GROSS PROFIT

125,408

182,345

Administrative expenses

222,248

212,623

OPERATING LOSS

4

(96,840

)

(30,278

)

Interest receivable and similar income

1,907

-

LOSS BEFORE TAXATION

(94,933

)

(30,278

)

Tax on loss

5

(18,680

)

2,545

LOSS FOR THE FINANCIAL YEAR

(76,253

)

(32,823

)

LOSS FOR THE YEAR

(76,253

)

(32,823

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(76,253

)

(32,823

)

FIXED ASSETS

Tangible assets

6

64,399

139,131

CURRENT ASSETS

Debtors

7

33,451

632

Cash in hand

125,289

124,224

158,740

124,856

CREDITORS

Amounts falling due within one year

8

449,309

395,221

NET CURRENT LIABILITIES

(290,569

)

(270,365

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(226,170

)

(131,234

)

PROVISIONS FOR LIABILITIES

10

16,099

34,782

NET LIABILITIES

(242,269

)

(166,016

)

CAPITAL AND RESERVES

Called up share capital

11

30,000

30,000

Retained earnings

12

(272,269

)

(196,016

)

SHAREHOLDERS' FUNDS

(242,269

)

(166,016

)

The financial statements were approved by the Board of Directors and authorised for issue on 7th August 2025 and were signed on its behalf by:

A H W V Murray - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st March 2023

30,000

(163,193

)

(133,193

)

Changes in equity

Total comprehensive income

-

(32,823

)

(32,823

)

Balance at 29th February 2024

30,000

(196,016

)

(166,016

)

Changes in equity

Total comprehensive income

-

(76,253

)

(76,253

)

Balance at 28th February 2025

30,000

(272,269

)

(242,269

)

Cash flows from operating activities

Cash generated from operations

1

1,578

143,110

Tax paid

(1,090

)

-

Net cash from operating activities

488

143,110

Cash flows from investing activities

Purchase of tangible fixed assets

(1,330

)

(37,787

)

Interest received

1,907

-

Net cash from investing activities

577

(37,787

)

Increase in cash and cash equivalents

1,065

105,323

Cash and cash equivalents at beginning of year

2

124,224

18,901

Cash and cash equivalents at end of year

2

125,289

124,224

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Loss before taxation

(94,933

)

(30,278

)

Depreciation charges

76,062

74,048

Finance income

(1,907

)

-

(20,778

)

43,770

(Increase)/decrease in trade and other debtors

(32,819

)

45,451

Increase in trade and other creditors

55,175

53,889

Cash generated from operations

1,578

143,110

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 28th February 2025

28/2/25

1/3/24

£

£

Cash and cash equivalents

125,289

124,224

Year ended 29th February 2024

29/2/24

1/3/23

£

£

Cash and cash equivalents

124,224

18,901

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/3/24

Cash flow

At 28/2/25

£

£

£

Net cash

Cash at bank and in hand

124,224

1,065

125,289

124,224

1,065

125,289

Total

124,224

1,065

125,289

1.	STATUTORY INFORMATION

RBR Badminton Shoot Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The company provides a range of benefits to employees, including a private healthcare scheme, paid holiday arrangements, a defined contribution pension plan and an annual bonus arrangement.

Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period that the service is received.

Other monetary benefits

Other monetary benefits are recognised as an expense as they are due and healthcare benefits are recognised as an expense which is amortised over the term of the policy and any deferred expenditure is included in prepayments in the balance sheet.

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension under which the company pays a fixed contribution into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense as they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and value added taxes.

Turnover represents the invoice value of fees and commissions earned by the company arranging events and recognised within the period to which the income is earned with an appropriate proportion of income deferred to the following period, according to the date of the event.

Interest income is recognised using the effective interest rate method.

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation and Residual Values

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives range as follows:

Plant and machinery

between 3 and 5 years

Fixtures and fittings

between 3 and 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Subsequent additions

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is disposed.

Repairs and maintenance are charged to administrative expenses in the period in which they are incurred.

Subsequent disposals

Assets which, in the opinion of the management, have come to the end of their useful lives are disposed of. Gains and losses on disposed assets are entered' in the income statement and shown in the operating profit/(loss) disclosure.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Operating Leased Assets

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to administrative expenses in the income statement.

Employee benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company provides a range of benefits to employees, including a private healthcare scheme, paid holiday arrangements, a defined contribution pension plan and an annual bonus arrangement.

Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period that the service is received.

Other monetary benefits

Other monetary benefits are recognised as an expense as they are due and healthcare benefits are recognised as an expense which is amortised over the term of the policy and any deferred expenditure is included in prepayments in the balance sheet.

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension under which the company pays a fixed contribution into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense as they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Going concern

This is the third year that the company has traded and the directors have considered the ongoing impacts of the economic environment and the ability of the company to continue trading for the foreseeable future. At the balance sheet date the company has net liabilities of £242,269 (2024: £166,016), including net current liabilities of £226,170 (2024: £131,234), having made a loss for the year of £76,253 (2024: £32,823 - loss). The directors have concluded that, whilst mindful of the inherent uncertainties, they are confident that the company has sufficient financial resources and support from the parent company to continue operating as a going concern for the foreseeable future and, accordingly, have concluded that it remains appropriate to prepare the financial statements on a going concern basis. In reaching this conclusion, the directors have considered a period of not less than 12 months from the date of approving these financial statements.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

148,694

143,509

Social security costs

6,671

5,376

Other pension costs

6,725

2,189

162,090

151,074

The average number of employees during the year was as follows:

2025

2024

Production and administrative

3

3

The company is managed by its parent Roxton Bailey Robinson Limited and all director's emoluments are borne by the parent or its ultimate parent RBR Group Limited .

4.	OPERATING LOSS

The operating loss is stated after charging:

2025

2024

£

£

Rent - other operating leases

50,000

51,390

Depreciation - owned assets

76,062

74,048

Auditors' remuneration

3,700

3,500

5.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

-

1,087

Adjustment to prior year

provision

3

-

Total current tax

3

1,087

Deferred tax

(18,683

)

1,458

Tax on loss

(18,680

)

2,545

Reconciliation of total tax (credit)/charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Loss before tax

(94,933

)

(30,278

)

Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

(23,733

)

(7,570

)

Effects of:

Expenses not deductible for tax purposes

187

119

Depreciation in excess of capital allowances

18,683

12,259

Adjustments to tax charge in respect of previous periods

3

-

Movement in deferred tax

(18,683

)

1,458

Loss surrendered to/(from) group

4,863

(3,379

)

Impact of marginal relief and rate change

-

(342

)

Total tax (credit)/charge

(18,680

)

2,545

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st March 2024

260,029

8,538

268,567

Additions

1,330

-

1,330

At 28th February 2025

261,359

8,538

269,897

DEPRECIATION

At 1st March 2024

126,121

3,315

129,436

Charge for year

74,355

1,707

76,062

At 28th February 2025

200,476

5,022

205,498

NET BOOK VALUE

At 28th February 2025

60,883

3,516

64,399

At 29th February 2024

133,908

5,223

139,131

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,876

-

VAT

4,702

-

Prepayments

9,873

632

33,451

632

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

17,909

1,837

Amounts owed to group undertakings

371,771

369,662

Tax

-

1,087

Social security and other taxes

2,309

1,135

Accruals

57,320

21,500

449,309

395,221

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

50,000

50,000

Between one and five years

200,000

200,000

In more than five years

95,833

145,833

345,833

395,833

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

16,099

34,782

Deferred

tax

£

Balance at 1st March 2024

34,782

Credit to Income Statement during year

(18,683

)

Balance at 28th February 2025

16,099

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

30,000

Ordinary

£1

30,000

30,000

12.

RESERVES

Retained

earnings

£

At 1st March 2024

(196,016

)

Deficit for the year

(76,253

)

At 28th February 2025

(272,269

)

13.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The assets of the scheme are held from separately to those of the Company in an independently administered fund. The charge for the year was £6,725 (2024 - £2,189). There were no amounts outstanding at the year end.

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is RBR Group Limited.

The parent undertaking is Roxton Bailey Robinson Limited (registration number 02822364) and the ultimate holding company is RBR Group Limited (registration number 09952535). Copies of the group consolidated accounts can be obtained from the Company Secretary at The Courtyard, 25 High Street, Hungerford, Berkshire RG17 0NF.