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REGISTERED NUMBER: OC393742 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 30 June 2023

for

CRESCENT TRADE FINANCE LLP

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023










Page

General Information 1

Report of the Members 2

Profit & Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


CRESCENT TRADE FINANCE LLP

General Information
FOR THE YEAR ENDED 30 JUNE 2023







DESIGNATED MEMBERS: MR Bulent Reha Karagoz
Ms Julia Katharina Karagoz
Mr Burak Emin Sahin





REGISTERED OFFICE: 50 Long Acre
London
WC2E 9JR





REGISTERED NUMBER: OC393742 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Report of the Members
FOR THE YEAR ENDED 30 JUNE 2023


The members present their report with the financial statements of the LLP for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of acting as an Investment Advisor to Asset Managers and Investment Funds.

DESIGNATED MEMBERS
The designated members during the year under review were:
Mr Bulent Reha Karagoz
Ms Julia Katharina Karagoz
Mr Burak Emin Sahin

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £468,364 (2022 - £398,140 profit).

MEMBERS' INTERESTS
The members of LLP at present have no set time period for repayment of capital.

ON BEHALF OF THE MEMBERS:





MR Bulent Reha Karagoz - Designated member


20 March 2024

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Profit & Loss Account
FOR THE YEAR ENDED 30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   

TURNOVER 1,189,070 362,826

Distribution costs 405,126 735,480
Administrative expenses 520,022 283,401
925,148 1,018,881
263,922 (656,055 )

Other operating income - 933,208
OPERATING PROFIT 263,922 277,153

Interest receivable and similar income 204,442 120,987
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




468,364




398,140

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 5 114,507 114,507

CURRENT ASSETS
Debtors 6 465,038 538,870
Cash at bank 706,319 34,928
1,171,357 573,798
CREDITORS
Amounts falling due within one year 7 3,299 3,000
NET CURRENT ASSETS 1,168,058 570,798
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,282,565

685,305

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,282,565

685,305

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,282,565 685,305

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 20 March 2024 and were signed by:





MR Bulent Reha Karagoz - Designated member

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Crescent Trade Finance LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. EXCEPTIONAL ITEMS
30.6.23 30.6.22
£    £   
Exceptional items (405,126 ) (735,480 )

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 114,507
NET BOOK VALUE
At 30 June 2023 114,507
At 30 June 2022 114,507

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Loans given 1,073,002 1,178,030
Bad debt provision (1,337,217 ) (932,090 )
Loan to Bubu Ltd 729,253 292,930
465,038 538,870

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Accruals and deferred income 3,299 3,000

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event.There are no restrictions or limitations on the ability of the members to reduce the amount of Members' other interests.