v3.26.1
Accrued Liabilities and Other Payables
 12 Months Ended
Dec. 31, 2025
Accrued Liabilities and Other Payables [Abstract]  
Accrued liabilities and other payables

Note 13 – Accrued liabilities and other payables

 

The components of accrued expenses and other payables are as follows:

 

   December 31,
2023		   December 31,
2024		   December 31,
2025		   December 31,
2025		 
   SGD   SGD   SGD   USD 
                 
Accrued payroll and welfare*   491,009    55,691    509,350    396,104 
Accrued expenses**   319,486    1,159,049    549,536    427,354 
Other payable***   596,757    76,002    397,099    308,810 
Amount due to related parties****   
-
    
-
    2,057,132    1,599,761 
Total accrued liabilities and other payables   1,407,252    1,290,742    3,513,117    2,732,029 

 

*Includes salary and fees due to directors amounting to S$427,896 as of December 31, 2023, which was repaid in 2024, and S$55,348 (US$40,512) as of December 31, 2024 which was repaid in 2025, and S$509,095 (US$395,906) as of December 31, 2025 which shall be repaid in 2026, whereas the salaries were due and payout was postponed as agreed with the directors.

 

**Accrued expenses mainly consist of accruals of estimated supplier costs for renovation projects, professional service fees and other costs incurred yet to bill. It also included the audit fee of US$155,000 that was expected to be paid in early 2026.

 

***Other payable mainly consists of payable for other services and credit card balances for short-term operating expense payments made on behalf by the directors.

 

****Amounts due to related parties amounted to S$2,057,132 (US$1,599,760), which consist of payments made on behalf of the Company of S$331,517 (US$257,809) and shareholder loans of S$1,725,615 (US$1,341,951). The shareholder loans are unsecured and repayable on demand.