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Consolidated Balance Sheets
Dec. 31, 2025
HKD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
HKD ($)
CURRENT ASSETS      
Cash and cash equivalents $ 2,332,891 $ 299,730 $ 9,166,020
Accounts receivable, net of allowance of HKD2,668,186 and HKD465,974 as of December 31, 2024 and 2025, respectively 7,285,278 936,014 34,169,661
Prepayment and other current assets 29,390,571 3,776,107 24,387,730
Tax recoverable 994,950
Inventories, net 12,114,712 1,556,501 3,616,821
Total current assets 52,567,423 6,753,874 72,335,182
NON-CURRENT ASSETS      
Property and equipment, net 7,437,231 955,537 4,746,078
Right-of-use assets, net 41,682,405 5,355,364 42,491,805
Intangible assets, net 11,044,438 1,418,992 13,541,442
Investment in a joint venture 318,134 40,874
Other non-current assets, net 2,509,532 322,425 2,326,379
Deferred tax assets 72,592 9,327 206,806
Total non-current assets 63,064,332 8,102,519 63,312,510
Total assets 115,631,755 14,856,393 135,647,692
CURRENT LIABILITIES      
Bank borrowings 4,756,671 611,138 27,105,722
Accruals and other payables 9,380,281 1,205,180 7,292,824
Operating lease liabilities 4,810,410 618,042 3,890,482
Tax payable 718,388 92,299 372,485
Total current liabilities 20,145,933 2,588,354 39,299,756
NON-CURRENT LIABILITIES      
Operating lease liabilities 36,871,995 4,737,322 38,601,323
Deferred tax liabilities 2,014,423 258,813 920,142
Total non-current liabilities 38,886,418 4,996,135 39,521,465
Total liabilities 59,032,351 7,584,489 78,821,221
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY      
Additional paid-in capital 106,085,870 13,629,935 106,085,870
Accumulated other comprehensive income 440,219 56,559 998,965
Accumulated losses (49,936,591) (6,415,863) (50,268,270)
Total shareholders’ equity 56,599,404 7,271,904 56,826,471
Total liabilities and shareholders’ equity 115,631,755 14,856,393 135,647,692
Class A Ordinary Shares      
SHAREHOLDERS’ EQUITY      
Ordinary shares value [1] 8,443 1,085 8,443
Class B Ordinary Shares      
SHAREHOLDERS’ EQUITY      
Ordinary shares value [1] 1,463 188 1,463
Related Party      
CURRENT ASSETS      
Other receivables, net – related party 1,443,971 185,522
CURRENT LIABILITIES      
Due to related parties $ 480,183 $ 61,695 $ 638,243
[1] Giving retroactive effect to (i) a share re-classification to 780,000,000 Class A ordinary shares and 20,000,000 Class B ordinary shares on March 3, 2025 and (ii) share consolidation of 5 to 1 on June 16, 2025.