Roxton Bailey Robinson Limited

	Page
Strategic Report	1—2
Directors' Report	3—4
Independent Auditor's Report	5—7
Statement of Comprehensive Income	8
Balance Sheet	9—10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Statement of Cash Flows	13
Notes to the Financial Statements	14—24

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 sporting events and holidays

Review of the Business

Roxton Bailey Robinson Limited (RBR) is a tour operator and sporting agent specialising in the provision of sporting holidays and events. The company is covered by an ATOL registration no. 10353.

The results for the company show a profit before taxation of £97,317 (2025 - £129,098).

The company's registered office is at 25 High Street, Hungerford, RG17 0NF. The company is a private limited company and on the 9th March 2016 the company's shareholders exchanged their shares for shares in RBR Group Ltd under a share for share exchange arrangement. RBR Group (Reg. No: 0995225) is the ultimate parent and group accounts have been published.

At the year ended 28th February 2025 Roxtons Bailey Robinson Limited was divided into two divisions Fishing and Shooting. On the 1st March 2025 the Fishing division was transferred to Roxton Fishing Limited (RFL) to permit both divisioins to get greater visibility over their revenues and costs.

The shooting division now housed solely in RBR provides extensive access to the world's best shoots. The team have hosted, run and managed shoots across the UK and know precisely what venue will suit each client. They know the best hotels and private houses to stay in and they can provide a host of other services to ensure that the clients' have a day to remember. For those wishing to travel overseas the division has exclusive access to estates in other countries such as Spain and Argentina. Its two subsidiaries RBR Arden Limited and RBR Badminton Limited which lease and manage sporting estates are reported separately.

The table below the results of each compnay as compared with last year's reported results in RBR which included both fishing and shooting:

	Y/E 28/02/2026			Y/E 28/02/2025
	RBR Ltd £'000	RFL Ltd £'000	Total £'000	RBR Ltd £'000	Difference
Turnover	5,526	1,966	7,492	7,774	-282
Gross margin	1,239	340	1,579	1,696	-117
Gross margin %	22.4%	17.3%	21.1%	21.8
PBT	97	-86	11	129	-118

The poor trading condition in overseas travel combined with the conflict in the Middle East in February 2026 and restriction of flights into Venezuela November 2025 which resulted in tour operator related costs of £60,000 crysrtallising in RFL go some way to explaining the difference noted above.

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Roxton Bailey Robinson Limited

Strategic Report (continued)

For The Year Ended 28 February 2026

Principal Risks and Uncertainties

Safety

In both divisions intemperate weather makes it unsafe to shoot or fish and the event has to be delayed or cancelled. The shooting division maintains an adverse weather cancellation refund policy that clients may elect to participate in. In such cases a full refund may be claimed by the client although there is a financial impact to the business.The business strives to ensure that safety is paramount and its works with its suppliers and overseas ground handlers to make it so.

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 cost to the company was £nil (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 2025	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
% High / Low range against spot at 28th January 2026	8.12%	6.44%	18.57%

Legislation

The Company continually monitors risks that may impact their sporting businesses and works with its suppliers to improve stewardship, so that the sport can continue without legislative intervention.

By order of the board

H C Parker

Company Secretary

27th July 2026

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Roxton Bailey Robinson Limited

Company No. 02822364

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 £NIL .

The directors recommended a final dividend of £NIL .

Directors

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

J W Duncan
G L Stephenson
C A White
A H Murray
R I Pilkington
H N Mountain	Resigned	12/12/2025
A C Bromfield

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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Roxton 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

27th July 2026

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Independent Auditor's Report

to the Members of

Roxton Bailey Robinson Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Roxton 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.

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Independent Auditor's Report (continued)

to the Members of

Roxton Bailey Robinson 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 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.

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.

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Independent Auditor's Report (continued)

to the Members of

Roxton Bailey Robinson Limited

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.

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 andregulations;
Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries andother adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business andreviewing 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.

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

27th July 2026

James Cowper Kreston Audit

2 Communications Road

Greenham Business Park

Newbury

Berkshire

RG19 6AB

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Roxton Bailey Robinson Limited

Statement of Comprehensive Income

For The Year Ended 28 February 2026

Statement of Comprehensive Income

		2026	2025
	Notes	£	£
TURNOVER		5,525,674	7,773,649
Cost of sales		(4,286,741 )	(6,077,866 )

GROSS PROFIT		1,238,933	1,695,783

Administrative expenses		(1,322,073 )	(1,714,720 )
Other operating income		156,155	119,420

OPERATING PROFIT	4	73,015	100,483
Other interest receivable and similar income	9	24,302	28,646
Interest payable and similar charges	10	-	(31 )

PROFIT BEFORE TAXATION		97,317	129,098
Tax on Profit	11	(27,320 )	(35,989 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		69,997	93,109
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		69,997	93,109

The notes on pages 13 to 24 form part of these financial statements.

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Roxton Bailey Robinson Limited

Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: 02822364

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		412,904		706,827
Investment Properties	13		300,000		-
Investments	14		60,000		60,100

			772,904		766,927
CURRENT ASSETS
Stocks	15	39,846		20,432
Debtors	16	1,966,257		2,463,533
Cash at bank and in hand		886,048		1,514,330

		2,892,151		3,998,295
Creditors: Amounts Falling Due Within One Year	17	(2,491,402 )		(3,630,219 )

NET CURRENT ASSETS (LIABILITIES)			400,749		368,076

TOTAL ASSETS LESS CURRENT LIABILITIES			1,173,653		1,135,003

Creditors: Amounts Falling Due After More Than One Year	18		-		(33,370 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(14,165 )		(12,142 )

NET ASSETS			1,159,488		1,089,491

CAPITAL AND RESERVES
Called up share capital	21		30,000		30,000
Revaluation reserve	26		83,561		83,561
Profit and Loss Account			1,045,927		975,930

SHAREHOLDERS' FUNDS			1,159,488		1,089,491

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Roxton Bailey Robinson Limited

Balance Sheet (continued)

As At 28 February 2026

On behalf of the board

A H Murray

Director

27th July 2026

The notes on pages 13 to 24 form part of these financial statements.

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Roxton Bailey Robinson Limited

Statement of Changes in Equity

For The Year Ended 28 February 2026

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 March 2024	30,000	83,561	882,821	996,382
Profit for the year and total comprehensive income	-	-	93,109	93,109

As at 28 February 2025 and 1 March 2025	30,000	83,561	975,930	1,089,491


Profit for the year and total comprehensive income	-	-	69,997	69,997

As at 28 February 2026	30,000	83,561	1,045,927	1,159,488

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Roxton 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	(592,200 )	592,548
Interest paid		-	(31 )
Tax paid		(37,203 )	(1,700 )

Net cash (used in)/generated from operating activities		(629,403 )	590,817

Cash flows from investing activities
Purchase of tangible assets		(23,281 )	(6,500 )
Proceeds from disposal of investment in subsidiary undertaking		100	-
Interest received		24,302	28,646

Net cash generated from investing activities		1,121	22,146



(Decrease)/increase in cash and cash equivalents		(628,282 )	612,963
Cash and cash equivalents at beginning of year	2	1,514,330	901,367

Cash and cash equivalents at end of year	2	886,048	1,514,330

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Roxton 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 profit for the financial year to cash (used in)/generated from operations

	2026	2025
	£	£
Profit for the financial year	69,997	93,109
Adjustments for:
Tax on profit	27,320	35,989
Interest expense	-	31
Interest income	(24,302 )	(28,646 )
Depreciation of tangible assets	17,204	13,701
Movements in working capital:
Increase in stocks	(19,414 )	(3,287 )
Decrease in trade and other debtors	497,276	385,718
(Decrease)/increase in trade and other creditors	(1,160,281 )	95,933

Net cash (used in)/generated from operations	(592,200 )	592,548

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	886,048	1,514,330

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	1,514,330	(628,282)	886,048

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Roxton Bailey Robinson Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

Roxton Bailey Robinson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02822364 . The registered office is 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. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

2.3. Turnover

Turnover 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.

A significant amount of the Company's transactions relate to events, holidays or goods which are delivered at a future date. In such cases the revenue relating to such transactions is recorded in deferred income and associated expenses are recorded in deferred costs. Once the date the event or holiday has commenced, or the goods have been despatched 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. Tangible Fixed Assets and Depreciation

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.

Land and Buildings

Freehold property comprises freehold land, buildings and property improvements and is stated at cost plus revalued amounts less accumulated impairment losses. Freehold land is not depreciated.

Office equipment, motor vehicles and computer equipment

Fixtures and fittings, Off road vehicles and computer equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

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:

Freehold	between 30 and 50 years
Motor Vehicles	3 years
Fixtures & Fittings	between 3 and 5 years
Computer Equipment	between 3 and 5 years

Subsequent additions 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 are 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.

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Investments

Investments in subsidiary undertakings are recognised at cost.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.8. 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.

2.9. 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.

2.10. 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.

2.11. 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.

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.12. 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.

3. Other Operating Income

	2026	2025
	£	£
Rental income	24,000	16,000
Other operating income	132,155	103,420

	156,155	119,420

4. Operating Profit

The operating profit is stated after charging:

	2026	2025
	£	£
Bad debts	190	1,822
Research and Development Costs	-	7,239
Exchange differences	-	8,873
Depreciation of tangible fixed assets	17,204	13,701

5. 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	8,433	8,317

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Staff Costs

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

	2026	2025
	£	£
Wages and salaries	688,449	926,145
Social security costs	85,025	106,910
Other pension costs	62,136	86,024

	835,610	1,119,079

7. Average Number of Employees

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

	2026	2025
Office and administration	15	18

	15	18

8. Directors' remuneration

	2026	2025
	£	£
Emoluments	139,345	320,938
Company contributions to money purchase pension schemes	12,938	28,108

	152,283	349,046

The number of directors to whom retirement benefits were accruing was as follows:

	2026		2025
Money purchase pension schemes	2		5

Information regarding the highest paid director was as follows:

	2026	2025
	£	£
Emoluments	96,089	106,917
Company contributions to money purchase pension schemes	10,908	8,895

	106,997	115,812

9. Interest Receivable and Similar Income

	2026	2025
	£	£
Bank interest receivable	24,302	28,646

10. Interest Payable and Similar Charges

	2026	2025
	£	£
Bank loans and overdrafts	-	31

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	25,322	37,228
Prior period adjustment			(25 )	25

			25,297	37,253
Deferred Tax
Deferred taxation			2,023	(1,264 )


Total tax charge for the period			27,320	35,989

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2026	2025
	£	£
Profit before tax	97,317	129,098

Tax on profit at 25% (UK standard rate)	24,329	32,275
Goodwill/depreciation not allowed for tax	4,301	3,425
Expenses not deductible for tax purposes	3,016	3,689
Capital allowances	(6,324 )	(2,161 )
Short term timing differences	2,023	(1,264 )
Prior period adjustment	(25 )	25

Total tax charge for the period	27,320	35,989

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

12. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 March 2025	745,293	36,039	69,975	152,607	1,003,914
Additions	-	-	19,645	3,636	23,281
Transfers	(300,000 )	-	-	-	(300,000 )

As at 28 February 2026	445,293	36,039	89,620	156,243	727,195

Depreciation
As at 1 March 2025	49,483	36,039	64,185	147,380	297,087
Provided during the period	4,190	-	8,165	4,849	17,204

As at 28 February 2026	53,673	36,039	72,350	152,229	314,291

Net Book Value
As at 28 February 2026	391,620	-	17,270	4,014	412,904

As at 1 March 2025	695,810	-	5,790	5,227	706,827

Cost or valuation as at 28 February 2026 represented by:

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
At cost	317,892	36,039	89,620	156,243	599,794
At valuation	127,401	-	-	-	127,401

	445,293	36,039	89,620	156,243	727,195

Freehold land and buildings were valued on an open market value basis on 29th February 2024 by Haslam's Surveyors LLP.

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	317,892
Accumulated depreciation and impairment	23,837

Carrying amount	294,055

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

13. Investment Property

	2026
	£
Fair Value
As at 1 March 2025	-
Transfers	300,000

As at 28 February 2026	300,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	306,784	-
Accumulated depreciation and impairment	23,004	-

Carrying amount	283,780	-

The retail parts of the property at 25 High Street which are let to a third party at an annual rent of £24,000 has been redesignated at an investment property. The directors estimated an approximate yield of 8% in arriving at the value to transfer into an investment property. The building is undergoing building works and further transfer will be made in future once the refurbished property is let.

14. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 March 2025	60,100
Disposals	(100 )

As at 28 February 2026	60,000

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	60,000

As at 1 March 2025	60,100

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

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
RBR Arden Shoot Limited	United Kingdom	Ordinary Shares	100.00%	-
RBR Badminton Shoot Limited	United Kingdom	Ordinary Shares	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)
	£	£
RBR Arden Shoot Limited	74,224	7,042
RBR Badminton Shoot Limited	(179,134 )	63,135

15. Stocks

	2026	2025
	£	£
Finished goods	39,846	20,432

16. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	389,170	705,287
Prepayments and accrued income	49,033	54,613
Special Sterling Loans	94,506	158,125
Travel Deferred Costs	335,611	782,256
Amounts owed by group undertakings	1,047,679	696,343

	1,915,999	2,396,624
Due after more than one year
Trade debtors	-	16,651
S419 Taxation Paid	50,258	50,258

	50,258	66,909

	1,966,257	2,463,533

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

17. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	634,014	634,688
Corporation tax	25,322	37,228
Other taxes and social security	36,524	28,940
VAT	99,688	61,510
Other creditors	205	16,129
Trading Cost Accrual	192,870	496,994
Deferred Income	826,437	2,170,220
Accruals	193,437	183,089
Amounts owed to group undertakings	482,905	1,421

	2,491,402	3,630,219

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

	2026	2025
	£	£
Deferred Income >1 Year	-	33,370

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	14,165	12,142

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 March 2025	12,142	12,142
Additions	2,023	2,023

Balance at 28 February 2026	14,165	14,165

21. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
3,000,000 Ordinary A shares of £ 0.01 each	30,000	30,000

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

22. Foreign Currency Risk

As at the 28th February 2026, there were no contractual commitments to purchase the sterling value of the following currencies:

	2026	2025
	£	£
United States dollars	-	14,390

23. Contingent Liabilities

The company holds an ATOL Licence (number 10353)

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

24. Other Commitments

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

	2026	2025
	£	£
Not later than one year	8,522	10,207
Later than one year and not later than five years	4,372	6,628

	12,894	16,835

25. 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 £62,136 (2025: £86,024).

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

26. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 March 2025	83,561	975,930
Profit for the year and total comprehensive income	-	69,997

As at 28 February 2026	83,561	1,045,927

27. 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.

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Roxton Bailey Robinson Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

28. Controlling Parties

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.

Page 24