Accounts Receivable, Net

12 Months Ended

Sep. 30, 2023

Accounts Receivable, Net [Abstract]

ACCOUNTS RECEIVABLE, NET

3. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net, consists of the following:

	(Predecessor)			(Successor)
	As of September 30,
	2022			2023
	HK$			HK$			US$
Accounts receivable		317,862			461,017			58,872
Less: allowance for doubtful accounts		(313,362	)		(213,362	)		(27,246	)
Accounts receivable, net		4,500			247,655			31,626

The following table presents movement in allowance for doubtful accounts:

	(Predecessor)				(Successor)
	As of September 30,
	2021		2022		2023
	HK$		HK$		HK$
Balance at beginning of the year		—		—		313,362
Additions		—		313,362		—
Reversal		—		—		(100,000	)
Balance at end of the year		—		313,362		213,362

As of September 30, 2022, an allowance for doubtful accounts in the amount of HK$313,362 has been recorded due to a significant increase in credit risk from one specific customer, and such receivable is not expected to be settled and the bad debt allowance was provided accordingly.

Accounts receivable of HK$100,000 (approximately US$12,674) has been received in April 2023, and there were no issues regarding the recoverability of this amount.

Up to the date of this annual report, accounts receivable of HK$216,420 (approximately US$27,637) of the HK$247,655 in accounts receivable as of September 30, 2023 have been settled and there was no issue on recoverability.