v3.26.1
CONTRACT LIABILITIES
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
CONTRACT LIABILITIES

 

8.CONTRACT LIABILITIES

 

The Group’s contract liabilities include the upfront payments received upon signing of the contract for IPO/IFA/FA services and advances from clients related to CA services on the Group’s consolidated balance sheets. These payments are non-refundable are recognized as revenue as the Group’s performance obligation is satisfied. The Group’s contract liabilities are generally recognized as revenue within one year.

 

As of December 31, 2025 and 2024, the contract liabilities were comprised of the following:

 

 

   HK$   HK$   US$ 
   As of December 31, 
   2024   2025   2025 
   HK$   HK$   US$ 
Contract liabilities   1,400,000    750,000    96,360 
Advance from customers   244,000    109,000    14,004 
Total   1,644,000    859,000    110,364 

 

The movement in contract liabilities is as follows:

 

 

   2024   2025   2025 
   HK$   HK$   US$ 
Balance at beginning of the year ended December 31   1,100,000    1,400,000    179,872 
Decrease in contract liabilities as a result of recognizing revenue during the year was included in the contract liabilities at the beginning of the year   (1,100,000)   (1,400,000)   (179,872)
Increase in contract liabilities as a result of billings in advance of performance obligation under contracts   1,400,000    750,000    96,360 
Balance at end of the year ended December 31   1,400,000    750,000    96,360