v3.26.1
INCOME TAX (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF STATEMENT OF INCOME

 

    2023    2024    2025    2025 
    HK$    HK$    HK$    US$ 
Hong Kong profits tax provision (benefits) for the year:                    
Current                
Deferred                
Income tax expense benefit                
SCHEDULE OF RECONCILES STATUTORY RATES TO EFFECTIVE TAX RATE

 

   2023   2024   2025 
Hong Kong statutory income tax rate   16.5%   16.5%   16.5%
Effect of non-deductible expenses(1)   (76.5)%   (16.5)%   (10.7)%
Effect of tax rates in foreign jurisdiction   (23.3)%   (4.2)%   (3.8)%
Effect of changes in valuation allowance   (3.9)%   (10.3)%   (8.2)%
Effect of permanent difference(2)   87.2%   14.5%   6.2%
Effective tax rate            

 

  (1) Non-deductible items mainly arise from expenses not deductible for tax purposes primarily including operating expenses from Hong Kong companies which do not generate any assessable profits during the year.
     
  (2) Mainly represents non-taxable interest. In 2023, this also represents the combination of other non-taxable income and deferred true-ups due to non-deductible expenses. In 2024, this also includes the gain on sale of investments.
SCHEDULE OF GEOGRAPHIC LOCATIONS

 

   2023   2024   2025   2025 
   HK$   HK$   HK$   US$ 
Hong Kong   195,245    (3,530,735)   (6,413,538)   (824,012)
Foreign   (679,057)   (1,199,117)   (1,895,122)   (243,485)
Total loss before income taxes   (483,812)   (4,729,852)   (8,308,660)   (1,067,497)
SCHEDULE OF COMPONENTS OF THE DEFERRED TAX ASSETS (LIABILITIES)

Significant components of the deferred tax assets (liabilities) are presented below: 

  

   2023   2024   2025   2025 
   HK$   HK$   HK$   US$ 
Deferred tax assets:                  
Net operating loss carryforwards   750,087    1,246,723    1,904,590    244,702 
Deferred tax assets   750,087    1,246,723    1,904,590    244,702 
Less: Valuation allowance   (750,087)   (1,246,723)   (1,904,590)   (244,702)
Total deferred tax assets, net