| Schedule of Accrued Expenses 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. |
|