Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Sperati C.A. (TEA)

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Wednesday 29 February, 2012

Sperati C.A.

Final Results

Final Results

C.A. Sperati PLC

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

PRELIMINARY STATEMENT OF ANNUAL RESULTS

FOR THE 12 MONTH YEAR ENDED

31 OCTOBER 2011


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

CHAIRMAN’S STATEMENT

FOR THE 12 MONTH PERIOD ENDED 31 OCTOBER 2011

Due to continuing losses and other matters, the Managing Director Aubrey Lilley was dismissed. He has been replaced by Ian Granger who has many years of trade experience and who is widely respected in the industry. Ian has been tasked with eliminating the losses and returning the buttons business to profitability.

The Directors are actively seeking ways to expand and diversify, and I am optimistic that progress will be made during 2012.

In view of the losses sustained during the year, the Directors decided that it would be prudent to pass the dividend.

The exceptional losses incurred are as a result of the write down in value of the stock and is therefore not expected to recur.

By order of the Board

D L Bloom
Chairman

29 February, 2012


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

UNAUDITED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2011

    Unaudited   Audited
Year to Year to
31 October 31 October
2011 2010
 
£ £
 
TURNOVER 260,101 360,032
 
 
Cost of Sales (139,352) (165,028)
 
Cost of Sales – exceptional (see note 3) (144,721) -
_______ _______
 
Gross Loss/Profit (23,972) 195,004
 
Other Operating Expenses (346,723) (307,828)
 
_______ _______
 
OPERATING LOSS (370,695) (112,824)
 
Investment Income 3,558 5,278
 
_______ ______
 
LOSS ON ORDINARY
ACTIVITIES BEFORE TAXATION (367,137) (107,546)
 
Taxation 394 9,654
 
_______ _______
 
LOSS ON ORDINARY
ACTIVITIES AFTER TAXATION (366,743) (97,892)
 
 
LOSS PER SHARE - BASIC AND FULLY DILUTED (366.7)p (97.9)p

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.

    Unaudited       Audited
As at As at
31 October 31 October
2011 2010
 
FIXED ASSETS £ £
 
Tangible Assets 54,001 60,475
______ ______
 
CURRENT ASSETS
 
Stocks 72,951 231,111
Debtors 55,466 117,451
Investment 4,099 4,099
Cash at Bank and in Hand 204,237 340,920
_______ _______
336,753 693,581
 
CREDITORS:
 
Amounts falling due within one year (64,672) (60,837)
_______ _______
NET CURRENT ASSETS 272,081 632,744
_______ _______
 
TOTAL ASSETS LESS CURRENT LIABILITIES 326,082 693,219
 
PROVISION FOR LIABILITIES AND CHARGES (237) (631)
_______ _______
 
NET ASSETS 325,845 692,588
 
CAPITAL AND RESERVES
 
Called up Share Capital 50,000 50,000
Revaluation Reserve 22,128 22,128
Profit and Loss Account 253,717 620,460
_______ _______
SHAREHOLDERS’ FUNDS 325,845 692,588

 

   

Unaudited

 

Audited

Year to Year to
31 October 31 October
2011 2010
 
£ £
 
Operating loss (370,695) (112,824)
Depreciation of tangible assets 6,488 6,726
Loss on disposal of fixed assets 297 -
Decrease in Stocks 158,160 6,894
Decrease/(Increase) in debtors 52,391 66,163
(Decrease)/Increase in creditors 3,835 (22,792)
_______ ______
Net cash outflow from operating activities (149,524) (55,833)
 
Returns on investments and servicing of finance
Interest received 3,286 5,037
Dividends 256 241
_____ _____
3,542 5,278
===== =====
Taxation
 
Corporation tax received/ (paid) 9,610 (4,669)
===== =====
Capital Expenditure
 
Purchase of fixed assets (787) (1,396)
Sale of fixed assets 476 726
_______ ______
 
(311) (670)
 
Equity dividends paid - (25,000)
 
Decrease in cash in period (136,683) (80,894)
 
Reconciliation of net cash flow to movement in net funds
 
Decrease in cash (136,683) (80,894)
Net funds at 1 November 2010 340,920 421,814
_______ _______
 
Net funds at 31 October 2011 204,237 340,920

Notes

1. The above results for the years ended 31 October 2011 and 2010 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 2010 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 498 (2) and (3) of the Companies Act 2006.

The statutory accounts for the year ended 31 October 2011 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 2011 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 29 February 2012.

The directors do not propose to recommend a dividend in respect of the year to 31 October 2011.

During the year, dividends of £NIL (2010 - £25,000) were paid in respect of 2010 (2010 – in respect of 2009).

2. During the year shareholders’ equity decreased by £366,743 (2010 – £122,892 decrease) represented by the loss for the year of £366,743 (2010 - £97,892 loss) and dividends paid of £NIL (2010 - £25,000).

3. Exceptional item – The exceptional loss is as a result of the Directors approach to appraisal and evaluation of the stock. The Directors believe that the newly adopted approach gives a more accurate assessment of the stock value. The resultant write down in the value of the stock is not expected to recur.


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