v3.25.4
DEPOSITS AND OTHER RECEIVABLES
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
North Water Investment Group Holdings Limited [Member]    
Restructuring Cost and Reserve [Line Items]    
DEPOSITS AND OTHER RECEIVABLES  

5. DEPOSITS AND OTHER RECEIVABLES

SCHEDULE OF DEPOSITS AND OTHER RECEIVABLES

 

   2023   2024 
   As of December 31, 
   2023   2024 
   HK$   HK$ 
         
Deposits   133,354    73,754 
Other receivables   322,784    15,531 
Other Receivables Gross   456,138    89,285 
Less: allowance for credit losses   -    (5,000)
Other Receivables Net   456,138    84,285 

 

The movement of the allowance for credit losses for deposits and other receivables was as follows:

 

SCHEDULE OF ALLOWANCE FOR EXPECTED CREDIT LOSSES FOR DEPOSITS AND OTHER RECEIVABLES

   2023   2024 
   As of December 31, 
   2023   2024 
   HK$   HK$ 
         
Beginning balance   -    - 
Allowance for credit losses recognized   -    5,000 
Ending balance   -    5,000 

  

 

NORTH WATER INVESTMENT GROUP HOLDINGS LIMITED AND ITS SUBSIDIARY

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

for the years ended December 31, 2023 and 2024

 

Mango Financial Group Limited [Member]    
Restructuring Cost and Reserve [Line Items]    
DEPOSITS AND OTHER RECEIVABLES

 

5. DEPOSITS AND OTHER RECEIVABLES

 

   2024   2025 
   As of 
   December 31,   June 30, 
   2024   2025 
   HK$   HK$ 
       (Unaudited) 
         
Deposits   73,754    37,754 
Other receivables   15,531    39,845 
Other Receivables Gross   89,285    77,599 
Less: allowance for credit losses   (5,000)   (5,000)
Other Receivables Net   84,285    72,599 

 

 

The movement of the allowance for credit losses for deposits and other receivables was as follows:

 

   2024   2025 
   As of 
   December 31,   June 30, 
   2024   2025 
   HK$   HK$ 
       (Unaudited) 
         
Beginning balance   -    5,000 
Allowance for credit losses recognized   5,000    - 
Ending balance   5,000    5,000 

 

For the six months ended June 30, 2024 and 2025, no allowance for credit losses was recognized.