RBR Arden Shoot Limited

	Page
Directors' Report	1—2
Independent Auditor's Report	3—5
Profit and Loss Account	6
Statement of Comprehensive Income	7
Balance Sheet	8
Statement of Changes in Equity	9
Notes to the Financial Statements	10—16

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 leasing and managing a sporting estate.

Directors

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

G L Stephenson

J W Duncan

A H Murray

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 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;
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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RBR Arden Shoot 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

27th July 2026

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Independent Auditor's Report

to the Members of

RBR Arden Shoot Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of RBR Arden Shoot Limited for the year ended 28 February 2026 which comprise the Profit and Loss Account, 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.

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.

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Independent Auditor's Report (continued)

to the Members of

RBR Arden Shoot 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 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.

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

RBR Arden Shoot 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

27th July 2026

James Cowper Kreston Audit

2 Communications Road

Greenham Business Park

Newbury

Berkshire

RG19 6AB

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RBR Arden Shoot Limited

Profit and Loss Account

For The Year Ended 28 February 2026

Profit and Loss Account

		2026	2025
	Notes	£	£
TURNOVER		1,367,319	1,077,285
Cost of sales		(1,012,093 )	(764,322 )

GROSS PROFIT		355,226	312,963

Administrative expenses		(343,352 )	(280,528 )

OPERATING PROFIT		11,874	32,435
Profit on disposal of fixed assets		5,750	11,599
Other interest receivable and similar income	6	3,285	3,723

PROFIT BEFORE TAXATION		20,909	47,757
Tax on Profit	7	(13,867 )	(12,736 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		7,042	35,021

The notes on pages 10 to 16 form part of these financial statements.

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RBR Arden Shoot Limited

Statement of Comprehensive Income

For The Year Ended 28 February 2026

Statement of Comprehensive Income

	2026	2025
	£	£
PROFIT FOR THE FINANCIAL YEAR	7,042	35,021
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	7,042	35,021

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RBR Arden Shoot Limited

Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: 11123938

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	9		93,527		44,324

			93,527		44,324
CURRENT ASSETS
Debtors	10	46,021		29,988
Cash at bank and in hand		299,519		206,337

		345,540		236,325
Creditors: Amounts Falling Due Within One Year	11	(343,360 )		(205,851 )

NET CURRENT ASSETS (LIABILITIES)			2,180		30,474

TOTAL ASSETS LESS CURRENT LIABILITIES			95,707		74,798

PROVISIONS FOR LIABILITIES
Deferred Taxation	12		(21,483 )		(7,616 )

NET ASSETS			74,224		67,182

CAPITAL AND RESERVES
Called up share capital	14		30,000		30,000
Profit and Loss Account			44,224		37,182

SHAREHOLDERS' FUNDS			74,224		67,182

On behalf of the board

A H Murray

Director

27th July 2026

The notes on pages 10 to 16 form part of these financial statements.

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RBR Arden Shoot 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	30,000	2,161	32,161
Profit for the year and total comprehensive income	-	35,021	35,021

As at 28 February 2025 and 1 March 2025	30,000	37,182	67,182


Profit for the year and total comprehensive income	-	7,042	7,042

As at 28 February 2026	30,000	44,224	74,224

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RBR Arden Shoot Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

RBR Arden Shoot Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11123938 . 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. Turnover

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

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

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangibles are amortised over their estimated useful life of three years.

2.4. 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.

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:

Leasehold	5 years
Plant & Machinery	between 3 and 5 years
Motor Vehicles	3 years
Fixtures & Fittings	between 3 and 5 years

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

Subsequent additions

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

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

Subsequent disposals

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

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RBR Arden Shoot Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Cash and 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.

2.6. 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.

2.7. 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.

2.8. Employee Benefits

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

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

Short term benefits

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

Other monetary benefits

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

Defined contribution pension plan

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

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RBR Arden Shoot Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

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	4,300	3,700

4. Staff Costs

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

	2026	2025
	£	£
Wages and salaries	228,053	198,845
Social security costs	12,976	6,041
Other pension costs	7,923	6,548

	248,952	211,434

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

5. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

6. Interest Receivable and Similar Income

	2026	2025
	£	£
Bank interest receivable	3,285	3,723

7. 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%	-	8,175
Prior period adjustment			-	3

			-	8,178
Deferred Tax
Deferred taxation			13,867	4,558


Total tax charge for the period			13,867	12,736

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RBR Arden Shoot Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

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	20,909	47,757

Tax on profit at 25% (UK standard rate)	5,227	11,939
Goodwill/depreciation not allowed for tax	8,974	3,958
Expenses not deductible for tax purposes	161	266
Capital allowances	(23,680 )	(7,988 )
Short term timing differences	13,867	4,558
Prior period adjustment	-	3
Group relief	9,318	-

Total tax charge for the period	13,867	12,736

8. Intangible Assets

	Other
	£
Cost
As at 1 March 2025	20,268

As at 28 February 2026	20,268

Amortisation
As at 1 March 2025	20,268

As at 28 February 2026	20,268

Net Book Value
As at 28 February 2026	-

As at 1 March 2025	-

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RBR Arden Shoot Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 March 2025	15,273	226,274	33,928	7,089	282,564
Additions	-	66,847	18,500	8,000	93,347
Disposals	-	(7,500 )	(12,740 )	-	(20,240 )

As at 28 February 2026	15,273	285,621	39,688	15,089	355,671

Depreciation
As at 1 March 2025	15,273	181,950	33,928	7,089	238,240
Provided during the period	-	34,145	6,166	1,333	41,644
Disposals	-	(5,000 )	(12,740 )	-	(17,740 )

As at 28 February 2026	15,273	211,095	27,354	8,422	262,144

Net Book Value
As at 28 February 2026	-	74,526	12,334	6,667	93,527

As at 1 March 2025	-	44,324	-	-	44,324

10. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	8,887
Other debtors	46,021	21,101

	46,021	29,988

11. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	21,698	14,086
Corporation tax	-	8,175
Other taxes and social security	1,098	5,480
Accruals	26,410	30,073
Amounts owed to group undertakings	294,154	148,037

	343,360	205,851

12. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	21,483	7,616

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RBR Arden Shoot Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

13. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 March 2025	7,616	7,616
Additions	13,867	13,867

Balance at 28 February 2026	21,483	21,483

14. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
30,000 Ordinary A shares of £ 1.00 each	30,000	30,000

15. Other Commitments

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

	2026	2025
	£	£
Not later than one year	260,155	119,620
Later than one year and not later than five years	1,040,620	236,678
Later than five years	498,630	-

	1,799,405	356,298

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 £7,923 (2025: £6,548).

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

17. Reserves

	Profit and Loss Account
	£
As at 1 March 2025	37,182
Profit for the year and total comprehensive income	7,042

As at 28 February 2026	44,224

18. 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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RBR Arden Shoot Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

19. Controlling Parties

The company's immediate parent undertaking is RBR Group Limited .

The ultimate parent undertaking is Roxton Bailey Robinson 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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