(SPR.L) Sperati (C.A.) (Special Agency) PLC Buy/Sell

We would advise you that the Annual General Meeting will be held at the registered offices of the Company on Wednesday 10th March 2010 at 12.00 noon.

C. A. SPERATI (THE SPECIAL AGENCY) P.L.C. 

PRELIMINARY STATEMENT OF ANNUAL RESULTS

FOR THE 12 MONTH PERIOD ENDED

31 OCTOBER 2009

C. A. SPERATI (THE SPECIAL AGENCY) P.L.C. 

MANAGEMENTS' COMMENTARY 

FOR THE 12 MONTH PERIOD ENDED 30 OCTOBER 2009 

REVIEW OF THE BUSINESS 

The better trend signalled at the half year has materialised, and the company is pleased to report a profit of
£17,767 before tax and £13,418 after tax for the full year.

Shareholders will recall that the company had suatained a loss of £22,690 at the half year, and your directors are
encouraged by the performance in the second half of the year. However, turnover for the full year was £621,907 against
£678,446 in the previous year.

Margins have improved a little and savings have been made wherever possible.

Your directors are recommending that the dividend be maintained at 25p per share as the company has a strong balance
sheet with ample liquidity.

By order of the board

A. Lilley

Managing Director

9 February 2010
 C. A. SPERATI (THE SPECIAL AGENCY) P.L.C.                   
                                                                          
                                                                          
 UNAUDITED PROFIT AND LOSS ACCOUNT
                                                                          
 FOR THE PERIOD ENDED 31 OCTOBER 2009
                                                                          
                                                   Year to         Year to
                                                31 October      31 October
                                                      2009            2008
                                                                          
                                                    £               £
                                                                          
 TURNOVER                                       621,907         678,446
                                                                          
 Cost of Sales                                 (298,978  )     (340,773  )
                                                                          
 Gross Profit                                   322,929         337,673
                                                                          
 Other Operating Expenses                      (318,635  )     (376,107  )
                                                                          
                                                                          
 OPERATING PROFIT/(LOSS)                          4,294        (38,434)
                                                                          
 Investment Income                               13,473          20,417
                                                                          
                                                                          
 PROFIT/(LOSS) ON ORDINARY                       17,767        (18,017)
 ACTIVITIES BEFORE TAXATION
                                                                          
 Taxation                                       (4,349)           1,179   
                                                                          
 PROFIT/(LOSS) ON ORDINARY                       13,418        (16,838)   
 ACTIVITIES AFTER TAXATION
 EARNINGS/(LOSS) PER ORDINARY SHARE OF 50p        13.4p         (16.8p)   
                                                                          
                                                                          

All activities are continuing.

No separate statement of total recognised gains and losses  is presented as all such gains and  losses have been
dealt with in the profit and loss account.
 C. A. SPERATI (THE SPECIAL AGENCY) P.L.C.
  
  
 UNAUDITED BALANCE SHEET
  
 AS AT 31 OCTOBER 2009
                                                        
                                                As at          As at
                                           31 October     31 October
                                                 2009           2008
                                                                    
                                               £              £
 FIXED ASSETS
                                                                    
 Tangible Assets                            66,531         74,369   
                                                                    
 CURRENT ASSETS
                                                                    
 Stocks                                    238,005        245,114
 Debtors                                   174,020        125,800
 Investment                                  4,099          4,099
 Cash at Bank andin Hand                   421,814        449,472
                                                                    
                                           837,938        824,485
                                                                    
 CREDITORS:
 Amountsfalling due within one year        (88,298  )     (70,781  )
                                                                    
 NET CURRENT ASSETS                        749,640        753,704   
                                                                    
 TOTAL ASSETS LESS CURRENT LIABILITIES     816,171        828,073
                                                                    
 PROVISION FOR LIABILITIES AND CHARGES        (691  )      (1,011  )
                                                                    
 NET ASSETS                                815,480        827,062   
                                                                    
 CAPITAL AND RESERVES
                                                                    
 Called up Share Capital                    50,000         50,000
 Revaluation Reserve                        22,128         22,128
 Profit and Loss Account                   743,352        754,934
                                                                    
 SHAREHOLDERS' FUNDS                       815,480        827,062   
                                                                    
                                                                    
 C. A. SPERATI (THE SPECIAL AGENCY) P.L.C.
  
  
 UNAUDITED CASH FLOW STATEMENT
 FOR THE PERIOD ENDED 31 OCTOBER 2009
                                                                 Year to            Year to
                                                              31 October         31 October
                                                                    2009               2008
                                                                                           
                                                                  £                  £
                                                                                           
 Operating profit/(loss)                                        4,294           (38,434)
 Depreciation of tangible assets                                8,283             10,389
 Decrease/(Increase) in Stocks                                  7,109             30,770   
 (Increase)/Decrease in debtors                              (50,940)             43,231
 Increase/(Decrease) in creditors                              12,848           (29,963)
 Insurance Claim                                                9,273                  -
                                                                                           
 Net cash outflow/inflow from operating activities            (9,133)             15,993   
                                                                                           
                                                                                           
 Returns on investments and servicing of finance
 Interest received                                              3,968             20,191
 Dividends                                                        232                226
                                                                                           
                                                                4,200             20,417   
                                                                                           
                                                                                           
 Taxation
 Corporation tax paid                                           2,720            (7,645)   
                                                                                           
                                                                                           
 Capital Expenditure
 Purchase of fixed assets                                       (445)              (746)   
                                                                                        
                                                                                           
                                                                                           
 Equity dividends paid                                       (25,000)           (25,000)   
                                                                                           
                                                                                           
 (Decrease)/Increase in cash in period                       (27,658)              3,019   
                                                                                           
                                                                                           
 Reconciliation of net cashflow to movement in net funds
                                                                                           
 (Decrease)/Increase in cash                                 (27,658)              3,019   
 Net funds at 1 November2008                                  449,472            446,453
                                                                                           
 Net funds at 31 October 2009                                 421,814            449,472   
                                                                                           
                                                                                           
 C. A. SPERATI (THE SPECIAL AGENCY) P.L.C.
  
  
 PRELIMINARY RESULTS
 FOR THE 12 MONTH PERIOD ENDED 31 OCTOBER 2009
 1.     The above results for the years ended 31 October 2009 and 2008 do              not
        constitute statutory financial statements within the meaning              of Section 435
        of the Companies Act 2006.
                                                                                                  
        The financial information for the year ended 31 October 2008 is              derived from
        the statutory accounts for that year which have been              delivered to the
        Registrar of Companies. The auditors' report on              these accounts was
        unqualified and did not contain statements              under section 237 (2) and (3) of
        the Companies Act 1985.
                                                                                                  
        The statutory accounts for the year ended 31 October 2009 will be              finalised
        on the basis of the financial information presented by              the directors in this
        preliminary announcement and will be              delivered to the Registrar of Companies
        following the company's              Annual General Meeting.
                                                                                                  
        This preliminary announcement has been prepared on the basis of              accounting
        policies set out in the 2009 accounts. All accounting              policies have been
        applied consistently during the current and              prior years.
                                                                                                  
        This announcement was approved and authorised for issue by the              Board on 9
        February 2010.
                                                                                                  
 2.     The Directors propose to recommend a dividend of 25p per share for              the year
        to 31 October 2009 payable to shareholders listed on the              Register on 16 April
        2010. Dividend payment date is 14 May 2010.
                                                                                                  
        In accordance with FRS21, dividends are accounted for in the              period in which
        they are paid and approved by the shareholders.              Accordingly the final
        dividend proposed in respect of the year              ended 31 October 2009 has not been
        included as a liability as at              31 October 2009.
                                                                                                  
        During the year, dividends of £25,000 (2008 - £25,000) were paid.
                                                                                                  
 3.     During the year shareholders' equity decreased by £11,582 (2008 -              £41,838
        decrease) represented by profit for the year of £13,418              (2008 - £16,838 loss)
        add dividends paid of £25,000 (2007 -              £25,000).

We would advise you that a Board Meeting will be held on Tuesday 9th February 2010, for the purpose of approving the announcement of results and dividends for the year ended 31st October 2009.