v3.25.4
Contract Assets and Liabilities
6 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Contract Assets and Liabilities [Abstract]    
Contract Assets and Liabilities

4. Contract Assets and Liabilities

 

None of the contract liabilities is expected to be recognized as income after more than one year recognized as revenue, respectively.

 

Contract liabilities consisted of the following as of September 30, 2025 and March 31,2025:

 

   March 31,
2025
   September 30,
2025
   September 30,
2025
 
   HK$   HK$   US$ 
       (Unaudited)   (Unaudited) 
Balance as of April 1, 2024 and 2025   
—
    
—
    
—
 
Additions   
—
    1,039,166    133,552 
Revenue recognized   
—
    
—
    
—
 
Balance as of March 31, 2025 and September 30, 2025   
—
    1,039,166    133,552 

4. Contract Assets and Liabilities

 

The Company’s contract assets typically represent advertising services, such as TV, web banner and other offline advertising, that the Company has performed and transferred to a customer while the contractual advertising period has not finished. When the pre-determined advertising period is completed, accounts receivable will be recognized with invoices issued.

 

Contract assets consisted of the following as of March 31:

 

    2024    2025    2025 
    HK$    HK$    US$ 
Contract assets   
—
    
—
    
—
 

 

The Company’s contract liabilities include payments received in advance of performance under offline advertising and web banner service contracts which will be recognized as revenue as the Company executed the one-stop advertising services with customers under the contract.

 

None of the contract liabilities is expected to be recognized as income after more than one year recognized as revenue, respectively.

 

Contract liabilities consisted of the following as of March 31:

 

   2024   2025   2025 
   HK$   HK$   US$ 
Balance as of April 1, 2023 and 2024   26,995    
—
    
—
 
Additions   
—
    
—
    
—
 
Revenue recognized   (26,995)   
—
    
—
 
Balance as of March 31, 2024 and 2025   
—
    
—
    
—