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REGISTERED NUMBER: OC393742 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

CRESCENT TRADE FINANCE LLP

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRESCENT TRADE FINANCE LLP

General Information
FOR THE YEAR ENDED 30 JUNE 2024







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)

Balance Sheet
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 999,712 114,507

CURRENT ASSETS
Debtors 5 2,775,574 465,038
Cash at bank 395,026 706,319
3,170,600 1,171,357
CREDITORS
Amounts falling due within one year 6 2,926,144 3,299
NET CURRENT ASSETS 244,456 1,168,058
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,244,168

1,282,565

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,244,168

1,282,565

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 1,244,168 1,282,565

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 2024.

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.

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Balance Sheet - continued
30 JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit & Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 March 2025 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 2024


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 (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 114,507
Additions 885,205
At 30 June 2024 999,712
NET BOOK VALUE
At 30 June 2024 999,712
At 30 June 2023 114,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Loans given 2,251,777 1,073,002
Bad debt provision (1,125,552 ) (1,337,217 )
Loans to related parties 729,253 729,253
Accrued interest & fees 39,641 -
Prepayments and accrued income 880,455 -
2,775,574 465,038

CRESCENT TRADE FINANCE LLP (REGISTERED NUMBER: OC393742)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Accruals and deferred income 793,500 3,299
Accrued expenses 98,825 -
Guarantee provision 2,033,819 -
2,926,144 3,299

7. 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.