Bailey Robinson Limited

Contents
	Page
Company Information	1
Strategic Report	2
Directors' Report	3—4
Independent Auditor's Report	5—7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Statement of Cash Flows	12
Notes to the Financial Statements	13—19

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Strategic Report

For The Year Ended 28 February 2026

Strategic Report

The directors present their strategic report for the year ended 28 February 2026.

Principal Activity

The company's principal activity continues to be that of the provision of overseas travel.

Review of the Business

Established in 1998, the company’s current portfolio includes over 60 destinations as featured in a number of programmes. The emphasis across all these programmes is on bespoke luxury touring and in creating memorable journeys for discerning travellers. In late 2024 the company invested in a villa operations which impacetd its operating profit in the current year. The directors are confident that over the coming years the new operation will begin to gain traction and this will be reflect in its results.

During the year the company received 274 bookings (2025- 279) at an average booking value of £24,950, (2025- £21,734)

The company generated a gross profit of £1,063k for the year to 28th February 2026 (2025 - £1,214k) at a gross margin of 17.56% (2025 - 18.68%) which represents an decrease of 6% on the previous year.

Principal Risks and Uncertainties

Package Tour Operator Liability

Most of the company’s bookings are covered under the Package Travel and Linked Travel Arrangement Regulations 2018. In such cases our obligations to our customer start and finish at the departure point, most usually an airport. Any event, such as intemperate weather, industrial action or airline failure, political unrest or natural disasters impacts on our business. The Company, as the tour operator, is responsible for our bonded customers until they can be returned to their point of departure. The conflict in the Middle East which commenced at the end of February resulted in potential liabilities arising under these regulations. The estimated cost to the company was £7,000 which has been accrued in Travel Deferred Costs (2025- £nil).

Foreign Exchange Risk

The company purchases much of its product in the foreign currencies listed in the table below. The high / low range has varied by as much as 18.57% over the course of the financial period. These sharp fluctuations can make product planning and pricing difficult although the company reviews its internal exchange rates on a weekly basis to ensure that it is both competitive in its pricing and is able to stand by the booking quotes that it has given. Once bookings are confirmed foreign exchange contracts are used to manage foreign exchange risk as soon as currency requirements are material enough to justify entering into such contracts.

Currency	US Dollar	Euro	South African Rand
Spot rate at 28th February 2026	1.3443	1.1386	21.4005
Period high	1.3790	1.2112	25.3753
Period low	1.2699	1.1314	21.4005
High/Low range	0.1091	0.0798	3.9748
% of High/Low range against spot at 28th February 2026	8.12%	6.44%	18.57%

By order of the board

H C Parker

Company Secretary

24th July 2026

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Bailey Robinson Limited

Company No. 03187414

Directors' Report For The Year Ended 28 February 2026

Directors' Report

The directors present their report and the financial statements for the year ended 28 February 2026.

Dividends

The value of dividends paid amounted to £50,000 (2025 - £NIL)

The directors recommended a final dividend of £NIL .

Directors

The directors who held office during the year were as follows:

G L Stephenson

R I Pilkington

A H Murray

J W Duncan

C A White

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Bailey Robinson Limited

Directors' Report (continued)

For The Year Ended 28 February 2026

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, James Cowper Kreston Audit, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

By order of the board

H C Parker

Company Secretary

24th July 2026

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Independent Auditor's Report

to the Members of

Bailey Robinson Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Bailey Robinson Limited for the year ended 28 February 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 28 February 2026 and of its profit/(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 Auditor's 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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 Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Bailey Robinson Limited

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 Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 or 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 Directors' Responsibilities Statement set out on page 3—4, 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 is 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.

Auditor's 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 an auditor's report 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.

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 www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Bailey Robinson Limited

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 that we are required to state to them in an auditor's report 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 , Statutory Auditor

24th July 2026

James Cowper Kreston Audit

2 Communications Road

Greenham Business Park

Newbury

Berkshire

RG19 6AB

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Bailey Robinson Limited

Statement of Comprehensive Income

For The Year Ended 28 February 2026

Statement of Comprehensive Income

		2026	2025
	Notes	£	£
TURNOVER		6,055,288	6,498,789
Cost of sales		(4,992,747 )	(5,284,875 )

GROSS PROFIT		1,062,541	1,213,914

Administrative expenses		(1,085,508 )	(1,075,398 )

OPERATING (LOSS)/PROFIT	2	(22,967 )	138,516
Other interest receivable and similar income	7	7,235	9,923
Interest payable and similar charges	8	-	(5 )

(LOSS)/PROFIT BEFORE TAXATION		(15,732 )	148,434
Tax on (Loss)/profit	9	1,328	(37,367 )

(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR		(14,404 )	111,067

OTHER COMPREHENSIVE INCOME:
Other comprehensive income for the year		-	-

Total comprehensive income for the year		(14,404 )	111,067

The notes on pages 12 to 19 form part of these financial statements.

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Bailey Robinson Limited

Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: 03187414

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	10		9,639		15,931

			9,639		15,931
CURRENT ASSETS
Debtors	11	3,327,316		2,332,797
Cash at bank and in hand		833,486		1,084,884

		4,160,802		3,417,681
Creditors: Amounts Falling Due Within One Year	12	(3,770,926 )		(2,867,018 )

NET CURRENT ASSETS (LIABILITIES)			389,876		550,663

TOTAL ASSETS LESS CURRENT LIABILITIES			399,515		566,594

Creditors: Amounts Falling Due After More Than One Year	13		(88,900 )		(190,247 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	14		(1,295 )		(2,623 )

NET ASSETS			309,320		373,724

CAPITAL AND RESERVES
Called up share capital	16		50,000		50,000
Profit and Loss Account			259,320		323,724

SHAREHOLDERS' FUNDS			309,320		373,724

On behalf of the board

A H Murray

Director

24th July 2026

The notes on pages 12 to 19 form part of these financial statements.

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Bailey Robinson Limited

Statement of Changes in Equity

For The Year Ended 28 February 2026

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 March 2024	50,000	212,657	262,657
Profit for the year and total comprehensive income	-	111,067	111,067

As at 28 February 2025 and 1 March 2025	50,000	323,724	373,724


Loss for the year and total comprehensive income	-	(14,404 )	(14,404)

Dividends paid	-	(50,000)	(50,000)

As at 28 February 2026	50,000	259,320	309,320

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Bailey Robinson Limited

Statement of Cash Flows

For The Year Ended 28 February 2026

Statement of Cash Flows

		2026	2025
	Notes	£	£
Cash flows from operating activities
Net cash (used in)/generated from operations	1	(173,099 )	267,035
Interest paid		-	(5 )
Tax paid		(35,534 )	(32,320 )

Net cash (used in)/generated from operating activities		(208,633 )	234,710

Cash flows from investing activities
Purchase of tangible assets		-	(13,186 )
Interest received		7,235	9,923

Net cash generated from/(used in) investing activities		7,235	(3,263 )

Cash flows from financing activities
Equity dividends paid		(50,000 )	-



(Decrease)/increase in cash and cash equivalents		(251,398 )	231,447
Cash and cash equivalents at beginning of year	2	1,084,884	853,437

Cash and cash equivalents at end of year	2	833,486	1,084,884

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Bailey Robinson Limited

Notes to the Statement of Cash Flows

For The Year Ended 28 February 2026

Notes to the Statement of Cash Flows

1. Reconciliation of (loss)/profit for the financial year to cash (used in)/generated from operations

	2026	2025
	£	£
(Loss)/profit for the financial year	(14,404 )	111,067
Adjustments for:
Tax on (loss)/profit	(1,328 )	37,367
Interest expense	-	5
Interest income	(7,235 )	(9,923 )
Depreciation of tangible assets	6,292	6,680
Movements in working capital:
(Increase)/decrease in trade and other debtors	(994,519 )	597,776
Increase/(decrease) in trade and other creditors	838,095	(475,937 )

Net cash (used in)/generated from operations	(173,099 )	267,035

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2026	2025
	£	£
Cash at bank and in hand	833,486	1,084,884

3. Analysis of changes in net funds

	As at 1 March 2025	Cash flows	As at 28 February 2026
	£	£	£
Cash at bank and in hand	1,084,884	(251,398)	833,486

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Bailey Robinson Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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

1.2. Turnover

Revenue is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

A significant amount of the Company's transactions relate to holidays which depart at a future date. In such cases the revenue relating to these transactions is recorded in deferred income and associated expenses recorded in deferred costs. Once the holiday has commenced the turnover and cost of sale is recognised by transferring the respective balances from deferred income and deferred costs.

When sales revenue is recognised but the costs relating to the sale have yet to be completed the full cost of sale is recorded with any outstanding amount accounted for within trading cost accruals in the balance sheet.

1.3. Tangible Fixed Assets and Depreciation

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.

Fixtures and fittings and computer equipment and are stated at cost less accumulated depreciation and accumulated impairment losses.

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:

Fixtures & Fittings	between 3 and 5 years
Computer Equipment	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.

1.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

1.5. Interest Receivable

Interest income is recognised in the Profit and Loss Account using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to the net carrying amount of the financial asset or liability.

1.6. Interest Payable

Interest expenditure is recognised in the Profit and Loss Account using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to the net carrying amount of the financial asset or liability.

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Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

1.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

1.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

1.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

1.10. Dividends

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.

2. Operating (Loss)/profit

The operating (loss)/profit is stated after charging:

	2026	2025
	£	£
Research and Development Costs	14,584	24,166
Operating lease rentals	33,000	38,895
Exchange differences	4,254	(2,989 )
Depreciation of tangible fixed assets	6,292	6,680

3. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2026	2025
	£	£
Audit Services
Audit of the company's financial statements	12,483	10,417

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Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

4. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2026	2025
	£	£
Wages and salaries	637,883	666,687
Social security costs	85,644	74,554
Other pension costs	52,544	55,647

	776,071	796,888

5. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2026	2025
Office and administration	17	14

	17	14

6. Directors' remuneration

	2026	2025
	£	£
Emoluments	122,385	136,427
Company contributions to money purchase pension schemes	8,535	9,793

	130,920	146,220

7. Interest Receivable and Similar Income

	2026	2025
	£	£
Bank interest receivable	7,235	9,923

	7,235	9,923

8. Interest Payable

	2026	2025
	£	£
Other finance charges	-	5

	-	5

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Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Tax on Profit

	Tax Rate		2026	2025
	2026	2025	£	£
UK Corporation Tax	25.0%	25.0%	-	35,534
Prior period adjustment			-	(91 )

Total Current Tax Charge			-	35,443
Deferred taxation RT			(1,328 )	1,924

Total tax charge for the period			(1,328 )	37,367


			2026	2025
			£	£
Profit before tax			(15,732)	148,434

Breakdown of tax charge is:
Tax on profit at 25% (UK standard rate)			(3,933 )	37,109
Goodwill/depreciation not allowed for tax			1,573	6,680
Expenses not deductible for tax purposes			643	350
Capital allowances			(245 )	(8,605 )
Short term timing differences			(1,328 )	1,924
Prior period adjustment			-	(91 )
Group relief			1,962	-

Total tax charge for the period			(1,328)	37,367

10. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 March 2025	145,269	134,543	279,812

As at 28 February 2026	145,269	134,543	279,812

Depreciation
As at 1 March 2025	138,881	125,000	263,881
Provided during the period	1,299	4,993	6,292

As at 28 February 2026	140,180	129,993	270,173

Net Book Value
As at 28 February 2026	5,089	4,550	9,639

As at 1 March 2025	6,388	9,543	15,931

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Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

11. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,510,932	1,022,139
Prepayments and accrued income	36,331	64,195
Lease Deposits	9,913	15,035
Travel Deferred Costs	1,484,011	1,032,350
VAT	5,291	10,394
Amounts owed by group undertakings	205,153	813

	3,251,631	2,144,926
Due after more than one year
Trade debtors	72,700	96,194
Travel Deferred Costs >1yr	2,985	91,677

	75,685	187,871

	3,327,316	2,332,797

Trade debtors include a balance of £1,172 (2025- £nil) due from IATA.

12. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	139,582	155,834
Corporation tax	-	35,534
Other taxes and social security	21,582	17,250
Other creditors	-	5,599
Travel Cost Accrual	43,935	35,200
Deferred Income	3,489,154	2,520,634
Accruals	76,673	95,577
Amounts owed to group undertakings	-	1,390

	3,770,926	2,867,018

Trade creditors include a balance of £nil (2025- £20,785) due to IATA.

13. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Deferred Income >1 Year	88,900	190,247

	88,900	190,247

14. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Deferred Tax	1,295	2,623

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Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

15. Provisions for Liabilities

	Deferred Tax
	£
As at 1 March 2025	2,623
Utilised	(1,328 )

Balance at 28 February 2026	1,295

16. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
5,000,000 Ordinary A shares of £ 0.01 each	50,000	50,000

17. Foreign Currency Risk

As at the 28 February 2026, there were contractual commitments to purchase the sterling value of the following currencies:

	2026	2025
	£	£
United States dollars	147,601	95,807

The impact of revaluing the above contracts to market rates as at 28 February 2026 generated a foreign exchange profit of £1,047 (2025 - £NIL) which has been recognised in the proft and loss account.

18. Contingent Liabilities

The company holds an ATOL Licence (number 4786)

On the 3rd September 2013 at the request of ATOL, standard ATOL cross guarantees (CPG ATOL form 1301\2) were put in place between Bailey Robinson Ltd, its sister company Real Holidays Travel Agency Ltd, its parent Bailey Robinson Holdings Ltd and Roxton Bailey Robinson Ltd. This guarantee is the in the process of being extended to include its ultimate parent RBR Group Ltd, Ian Coley Sporting Limited and Fly Fisher Group Ltd.

19. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	Land and buildings
	2026	2025
	£	£
Within 1 year	33,000	34,612
Between 1 and 5 years	132,000	132,000
After 5 years	112,750	145,750

	277,750	312,362

20. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £52,544 (2025: £55,647).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

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Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

21. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	50,000	-

	50,000	-

22. Reserves

23. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

24. Controlling Parties

The company's immediate parent undertaking is Bailey Robinson Holding Limited .

The ultimate parent undertaking is RBR Group Limited (incorporated in England & Wales). Its registered office is 25 High Street, Hungerford, RG17 0NF .

Copies of the group accounts may be obtained from the company's registered office.

25. General Information

Bailey Robinson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03187414 . The registered office is 25 High Street, Hungerford, Berkshire, RG17 0NF.

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