v3.26.1
FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Mar. 31, 2026
Notes and other explanatory information [abstract]  
SCHEDULE OF FINANCIAL INSTRUMENTS

 

   2026   2025 
   HK$   HK$ 
         
Financial assets          
Amortized cost          
Trade receivables   5,411,404    1,632,602 
Other receivables   36,878    11,260 
Refundable Deposits   93,139    104,445 
Cash and cash equivalent   36,308,320    1,384,211 
Total   41,849,741    3,132,518 
           
Financial liabilities          
Amortized cost          
Trade payables   197,040    82,560 
Interest payables   589,997    3,000,465 
Accrued charges and other payables   1,620,012    6,831,588 
Amount due to directors   392,298    821,243 
Amount due to a shareholder   189,922    689,922 
Bank borrowings   6,978,895    2,623,655 
Other borrowings   -    26,600,000 
Lease liabilities   563,122    169,581 
           
Total   10,531,286    40,819,014 
SCHEDULE OF INTEREST RATE PROFILE OF THE COMPANY’S BORROWINGS

The following table details the interest rate profile of the Company’s borrowings of March 31, 2026 and 2025:

   2026   2025 
   HK$   HK$ 
         
Fixed Rate Borrowings:          
           
Bank and other borrowings   2,287,378    26,000,000 
Lease liabilities   563,122    169,581 
           
Floating rate borrowings:          
           
Bank borrowings   4,691,517    2,623,655 
SCHEDULE OF CREDIT RISK AND IMPAIRMENT

The table below details the credit risk exposures of the Group’s financial assets, which are subject to ECL assessment:

 

   Credit
rating		  12m or
Lifetime ECL		      
         Gross carrying amount 
   Internal     For the year ended March 31, 
   Credit
rating		  12m or
Lifetime ECL		  2026
HK$		   2025
HK$		 
               
Trade receivables  Low risk (Note)  Lifetime ECL - not credit-impaired   5,411,404    1,632,602 
                 
Other receivables  Low risk  12m ECL   36,878    11,260 
                 
Deposits  Low risk  12m ECL   93,139    104,445 
                 
Cash and cash equivalent  Low risk  12m ECL   36,308,320    1,384,211 
SCHEDULE OF INTEREST FLOWS ARE FLOATING RATE THE UNDISCOUNTED AMOUNT IS DERIVED FROM INTEREST RATE

The table includes both interest and principal cash flows. To the extent that interest flows are floating rate, the undiscounted amounts is derived from the interest rate at the end of the reporting period.

2026   Weighted average interest rate    On demand or less than 1 month    1 -3 months    3 months to 1 year    1 year to 5 years       Over 5 years    Total undiscounted cash flows    Carrying amount at March 31, 2026 
         HK$    HK$    HK$    HK$       HK$    HK$    HK$ 
                                            
Non-derivative financial liabilities                                           
Trade payables        197,040    -    -    

-

      

-

    197,040    197,040 
Interest payables        589,997    

-

    -    

-

      

-

    589,997    589,997 
Accrued charges and other payables        1,620,012    -    -    

-

      

-

    1,620,012    1,620,012 
Amounts due to directors        392,298    -    -    

-

      

-

    392,298    392,298 
Amount due to a shareholder        189,922    -    -    -       -    189,922    189,922 
Bank borrowing                                           
-floating rate   3.46%   4,691,517    -    -    -       -    4,691,517    4,691,517 
-fixed rate   6.25%   2,287,378    -    -    -       -    2,287,378    2,287,378 
Lease liabilities   5.95%   18,500    37,000    166,500    388,500       -    610,500    563,122 
                                            
Total        9,986,664    37,000    166,500    388,500       -    10,578,664    10,531,286 

 

2025  Weighted average interest
rate		   On demand
or less than
1 month		   1 -3 months   3 months
to
1 year		   1 year
to
5 years		   Over
5 years		   Total
undiscounted
cash flows		   Carrying
amount
at March 31, 2025		 
       HK$   HK$   HK$   HK$   HK$   HK$   HK$ 
                                 
Non-derivative financial liabilities                                        
Trade payables        82,560    -    -    -    -    82,560    82,560 
Interest payables        3,000,465    -    -    -    -    3,000,465    3,000,465 
Accrued charges and other payables        6,831,588    -    -    -    -    6,831,588    6,831,588 
Amounts due to directors        821,243    -    -    -    -    821,243    821,243 
Amount due to a shareholder        689,922    -    -    -    -    689,922    689,922 
Bank borrowings                                        
-floating rate   3.00%   2,623,655    -    -    -    -    2,623,655    2,623,655 
Other borrowings                                        
-fixed rate   8.76%   26,600,000    -    -    -    -    26,600,000    26,600,000 
Lease liabilities   5.95%   19,300    38,600    115,800    -    -    173,700    169,581 
                                         
Total        40,668,733    38,600    115,800    -    -    40,823,133    40,819,014 

 

Maturity Analysis – Bank and other borrowings with a repayment on demand clause based on scheduled repayments

 

   Weighted average interest
rate		   Less than
1 year		   1 -2 years   More than
2 years		   Total
undiscounted
cash flows		   Carrying amount 
   %   HK$   HK$   HK$   HK$   HK$ 
                         
March 31, 2026   4.38

%

   2,347,635    2,347,635    3,177,719    7,872,989    6,978,895 
                               
March 31, 2025   8.24%   8,717,693    2,697,174    25,241,592    36,656,459    29,223,655