Roxtons Fishing Limited

	Page
Directors' Report	1—2
Independent Auditor's Report	3—5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Notes to the Financial Statements	9—13

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

Principal Activity

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

Roxtons Fishing Limited was incorporated on 28th January 2025 and commenced trading on the 1st March 2025. The accounts show the 12 month period commencing the 1st March 2025.

The fishing tour operating business originally within Roxton Bailey Robinson was transferred over to Roxtons Fishing Limited so that it can operate as a seperate independent entity under Bailey Robinson Holding Limited which is the holding company for all the travel related entities withing RBR Group Limited.

Directors

The directors were appointed on 28th January 2025 and held office during the year were as follows:

G L Stephenson
C A White
R I Pilkington
A H Murray
H N Mountain	Resigned	15/12/2025

Statement of Directors' Responsibilities

The directors are responsible for preparing 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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Roxtons Fishing 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.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

Roxtons Fishing Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Roxtons Fishing Limited for the year ended 28 February 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity 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.

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Independent Auditor's Report (continued)

to the Members of

Roxtons Fishing Limited

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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report have 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 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 1—2, 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

Roxtons Fishing 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

RG19 6AB

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Roxtons Fishing Limited

Statement of Comprehensive Income

For The Year Ended 28 February 2026

Statement of Comprehensive Income

		2026
	Notes	£
TURNOVER		1,966,354
Cost of sales		(1,626,760 )

GROSS PROFIT		339,594

Administrative expenses		(425,560 )

OPERATING LOSS	3	(85,966 )
Other interest receivable and similar income	7	45

LOSS FOR THE FINANCIAL YEAR		(85,921 )
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		(85,921)

The notes on pages 9 to 13 form part of these financial statements.

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Roxtons Fishing Limited

Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: 16212591

		2026
	Notes	£	£
FIXED ASSETS
Investments	9		100

			100
CURRENT ASSETS
Debtors	10	1,778,916
Cash at bank and in hand		162,207

		1,941,123
Creditors: Amounts Falling Due Within One Year	11	(1,977,669 )

NET CURRENT ASSETS (LIABILITIES)			(36,546 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(36,446 )

Creditors: Amounts Falling Due After More Than One Year	12		(19,475 )

NET LIABILITIES			(55,921 )

CAPITAL AND RESERVES
Called up share capital	13		30,000
Profit and Loss Account			(85,921 )

SHAREHOLDERS' FUNDS			(55,921)

On behalf of the board

A H Murray

Director

24th July 2026

The notes on pages 9 to 13 form part of these financial statements.

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Roxtons Fishing 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 2025	-	-	-
Loss for the year and total comprehensive income	-	(85,921 )	(85,921)

Arising on shares issued during the period	30,000	-	30,000

As at 28 February 2026	30,000	(85,921 )	(55,921)

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Roxtons Fishing Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

Roxtons Fishing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 16212591 . The registered office is The Courtyard, 25 High Street, Hungerford, Berkshire, RG17 0NF.

2. Accounting Policies

2.1. 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.

2.2. Going Concern Disclosure

The company was incorporated on 28th January 2025 and commenced trading on 1st March 2025. 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 £55,921, including net current liabilities of £36,546 , having made a loss for the year of £85,921 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 and ultimate 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.

2.3. Turnover

Revenue recognition - 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.

2.4. Financial Instruments

The Company only enters into basic financial instrument 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.

a) 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.

b) 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.

c) 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.

2.5. 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.

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Roxtons Fishing Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. 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.

2.7. 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.

3. Operating Loss

The operating loss is stated after charging:

	2026
	£
Research and Development Costs	9,012
Exchange differences	7,296

4. Auditor's Remuneration

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

	2026
	£
Audit Services
Audit of the company's financial statements	4,300

5. Staff Costs

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

	2026
	£
Wages and salaries	289,381
Social security costs	38,390
Other pension costs	24,656

	352,427

6. Average Number of Employees

Average number of employees, including directors, during the year was: 4

7. Interest Receivable and Similar Income

	2026
	£
Bank interest receivable	45

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Roxtons Fishing Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Tax on Profit

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

	Tax Rate	2026
	2026	£
Current tax
UK Corporation Tax	25.0%	-

The actual (credit)/charge for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:

		2026
		£
Profit before tax		(85,921)

Tax on profit at 25% (UK standard rate)		(21,481 )
Group relief		21,481

Total tax charge for the period		-

9. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 March 2025	-
Additions	100

As at 28 February 2026	100

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	100

As at 1 March 2025	-

Subsidiaries

Details of the company's subsidiaries as at 28 February 2026 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Fly Fisher Group Ltd (dormant)	UK	Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

	Capital and Reserves	Profit/(loss)
	£	£
Fly Fisher Group Ltd (dormant)	100	-

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Roxtons Fishing Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

10. Debtors

	2026
	£
Due within one year
Trade debtors	582,308
Prepayments and accrued income	10,589
Travel Deferred Costs	673,797
VAT	239
Amounts owed by group undertakings	497,402

	1,764,335
Due after more than one year
Trade debtors	14,581

	1,778,916

11. Creditors: Amounts Falling Due Within One Year

	2026
	£
Trade creditors	151,158
Other creditors	25,601
Travel Cost Accrual	310,169
Deferred Income	1,431,590
Accruals	25,258
Amounts owed to group undertakings	33,893

	1,977,669

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

	2026
	£
Deferred Income >1 Year	19,475

13. Share Capital

	2026
Allotted, called up and fully paid	£
30,000 Ordinary A shares of £ 1.00 each	30,000


Shares issued during the period:	£
30,000 Ordinary A shares of £ 1.00 each	30,000

The share capital was allotted on incorporation and the shares were issued and paid for on the 1st March 2025.

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Roxtons Fishing Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

14. Foreign Currency Risk

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

	2026
	£
United States dollars	236,648

The impact of revaluing the above contracts to market rates as at 28 February 2026 generated a foreign exchange loss of £5,882 which has been recognised in the profit and loss account.

15. Contingent Liabilities

The company holds an ATOL Licence (number 12766)

In September 2025 at the request of ATOL, standard ATOL cross guarantees (CPG ATOL form 1301\2) were put in place between Roxtons Fishing Limited, its parent company Bailey Robinson Holdings Ltd and its subsidiaries Bailey Robinson Ltd and Real Holidays Travel Agency Ltd . This guarantee has been extended to include its ultimate parent RBR Group Ltd and Ian Coley Sporting Limited and Roxton Bailey Robinson Limited.

16. 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 £24,656.

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

17. 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.

18. Controlling Parties

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

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

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

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