v3.26.1
Income Tax (Tables)
12 Months Ended
Nov. 30, 2025
Income Tax [Abstract]  
Schedule of Components of the Income Tax Provision The components of the income tax provision are as follow:
   For the Year Ended November 30, 
   2023   2024   2025 
   HK$   HK$   HK$   US$ 
Current tax   886,191    127,968    (1,228,789)   (157,800)
Deferred tax   (355,566)   (804,021)   719,199    92,359 
Total income tax expense (benefits)   530,625    (676,053)   (509,590)   (65,441)
Schedule of Statutory Rates to the Group's Effective Tax Rate The following table reconciles Hong Kong statutory rates to the Group’s effective tax rate:
   For the years ended November 30, 
   2023   2024   2025 
   Amounts   %   Amounts   %   Amounts   % 
   HK$       HK$       HK$   US$     
Current tax – Hong Kong profits tax Provision for the year   4,599,604         (1,101,052)        (18,685,165)   (2,399,533)     
Income tax expense at the statutory rate   (758,935)   16.5    181,674    16.5    3,083,052    395,923    16.5 
Effect of preferential tax rate   164,853    (3.6)   165,000    15.0    165,000    21,189    0.9 
Effect of expenses not deductible for tax   (28,302)   0.6    (1,060)   (0.1)   417,698    53,640    2.2 
tax loss benefit                            
-
    
-
 
Effect of Permanent difference*   91,759    (2.0)   330,439    30.0    (3,156,160)   (405,311)   (16.9)
Income tax expense (benefits)   (530,625)   11.5    676,053    61.4    509,590    65,441    2.7 

 

* Mainly represents non-taxable income due to governmental grants and other non-taxable interest.
Schedule of Deferred Tax Assets

The deferred tax assets which are principally comprised of provision of credit losses. The movement of recognized deferred tax assets were as follows:

 

   As of November 30, 
   2024   2025   2025 
   HK$   HK$   US$ 
Deferred tax assets:            
Balance, beginning of the year   355,566    1,159,587    148,913 
Addition   804,021    (719,199)   (92,359)
Balance, end of the year   1,159,587    440,388    56,554