ACE UNION LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

DJH Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company made a loss for the year and is reliant upon continued financial support from its parent company ACE Money Transfer Limited during the development stage of the business which will continue over the forseeable future. The directors believe, based upon the company's and parent's forecasts that their financial resources are sufficient to ensure its ability to continue as a going concern for the forseeable future, being at least 12 months from the date of approval of these financial statements and that the parent has sufficient financial resource to continue to provide financial support to ACE Union Limited.”

Significant events

• “Introduced low-cost, secure, and rapid international money transfers, marking a major expansion in our service offering. Achieved substantial growth in active wallet users (45%) and transaction volumes (75%), driven by improved product features and customer engagement initiatives. Strengthened our prepaid card offering, adding functionality such as contactless payments and ATM cash withdrawals, increasing convenience for customers resulting in 82% increase year on year in card transactions.”
• “On 21 February 2025, a special resolution has been passed to increase the company's share capital from £1,000,000 to £1,500,000 ordinary shares of £1 each.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +9.9%

  £392,739 → £431,426

  highest in 3 filed years

• Net assets

  —

  Not reported

• Employees

  0%

  2 → 2

• Profit before tax

  -45%

  -£195,183 → -£283,054

  lowest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers