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Consolidated Balance Sheets
Dec. 31, 2024
HKD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
HKD ($)
CURRENT ASSETS      
Cash and cash equivalents $ 9,166,020 $ 1,180,017 $ 5,849,306
Accounts receivable, net 34,169,661 4,398,943 32,343,592
Prepayment and other current assets 24,387,730 3,139,633 20,225,722
Tax recoverable 994,950 128,088
Inventories, net 3,616,821 465,623 5,320,199
Total current assets 72,335,182 9,312,304 63,738,819
NON-CURRENT ASSETS      
Property and equipment, net 4,746,078 611,002 1,297,682
Right-of-use assets, net 42,491,805 5,470,320 23,884,854
Intangible assets, net 13,541,442 1,743,301
Other non-current assets, net 2,326,379 299,494 1,695,474
Deferred tax assets 206,806 26,624
Total non-current assets 63,312,510 8,150,741 26,878,010
Total assets 135,647,692 17,463,045 90,616,829
CURRENT LIABILITIES      
Bank borrowings 27,105,722 3,489,543 30,753,400
Accruals and other payables 7,292,824 938,865 3,205,705
Operating lease liabilities 3,890,482 500,854 708,829
Tax payable 372,485 47,953 916,436
Total current liabilities 39,299,756 5,059,382 69,827,614
NON-CURRENT LIABILITIES      
Operating lease liabilities 38,601,323 4,969,466 23,176,025
Deferred tax liabilities 920,142 118,457
Total non-current liabilities 39,521,465 5,087,923 23,176,025
Total liabilities 78,821,221 10,147,305 93,003,639
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ (DEFICIT) EQUITY      
Ordinary shares (par value $0.0000625 per share; 780,000,000 Class A ordinary shares authorized, 15,000,000 Class A ordinary shares issued and outstanding as of December 31, 2023 and 17,320,000 Class A ordinary shares issued and outstanding as of December 31, 2024; 20,000,000 Class B ordinary shares authorized, 3,000,000 Class B ordinary shares issued and outstanding as of December 31, 2023 and 2024) * [1] 9,906 1,275 8,775
Additional paid-in capital 106,085,870 13,657,308 55,091,225
Accumulated other comprehensive income 998,965 128,605 844,791
Accumulated losses (50,268,270) (6,471,448) (58,331,601)
Total shareholders’ (deficit) equity 56,826,471 7,315,740 (2,386,810)
Total liabilities and shareholders’ (deficit) equity 135,647,692 17,463,045 90,616,829
Related Party      
CURRENT LIABILITIES      
Due to related parties $ 638,243 $ 82,167 $ 34,243,244
[1] Giving retroactive effect to (i) all the 11,250,000 shares issued and outstanding for a share split at a ratio of 1-to-1.6 on July 14, 2023; and (ii) a share re-classification to Class A ordinary shares and Class B ordinary shares on March 3, 2025.