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Leases (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Leases [Abstract]    
Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases was as follows:

 

As of
December 31,
2024

 

As of June 30,
2025

   

HKD

 

HKD

 

US$

Operating lease:

           

Operating lease right-of-use assets

 

42,491,805

 

45,493,013

 

5,795,362

Current operating lease obligation

 

3,890,482

 

5,189,781

 

661,127

Non-current operating lease obligation

 

38,601,323

 

40,303,232

 

5,134,235

Total operating lease obligation

 

42,491,805

 

45,493,013

 

5,795,362

 

As of
June 30,
2025

Weighted average discount rate

 

7.92

%

Weighted average remaining lease term (years)

 

6.68

 

Supplemental balance sheet information related to operating leases was as follows:

 

As of December 31,

   

2023

 

2024

 

2024

   

HKD

 

HKD

 

US$

Operating lease:

           

Operating lease right-of-use assets

 

23,884,854

 

42,491,805

 

5,470,320

Current operating lease obligation

 

708,829

 

3,890,482

 

500,854

Non-current operating lease obligation

 

23,176,025

 

38,601,323

 

4,969,466

Total operating lease obligation

 

23,884,854

 

42,491,805

 

5,470,320

Other supplemental information about the Company’s operating lease as of:

 

As of
December 31,
2023

 

As of
December 31,
2024

Weighted average discount rate

 

7.91

%

 

7.71

%

Weighted average remaining lease term (years)

 

9.0

 

 

6.1

 

Schedule of Undiscounted Future Minimum Lease Payment

The undiscounted future minimum lease payment schedule as follows:

For the years ending June 30,

 

HKD

 

US$

2026

 

8,571,101

 

 

1,091,874

 

2027

 

8,222,303

 

 

1,047,440

 

2028

 

8,372,951

 

 

1,066,632

 

2029

 

8,277,359

 

 

1,054,454

 

2030 or after

 

27,114,091

 

 

3,454,068

 

Total lease payments

 

60,557,805

 

 

7,714,468

 

Less: imputed interest

 

(15,064,792

)

 

(1,919,106

)

Total operating lease liabilities

 

45,493,013

 

 

5,795,362

 

The undiscounted future minimum lease payment schedule as follows:

For the years ending December 31,

 

HKD

 

US$

2025

 

7,073,089

 

 

910,577

 

2026

 

7,308,606

 

 

940,897

 

2027

 

7,501,149

 

 

965,685

 

2028

 

7,752,154

 

 

997,999

 

2029 or after

 

28,133,028

 

 

3,621,796

 

Total lease payments

 

57,768,026

 

 

7,436,954

 

Less: imputed interest

 

(15,276,221

)

 

(1,966,634

)

Total operating lease liabilities

 

42,491,805

 

 

5,470,320