| Schedule of Components of Bank Borrowing |
Components of bank borrowing
is as follows as of September 30, 2025 and March 31, 2025:
| | |
March 31,
2025 | | |
September 30,
2025 | | |
September 30,
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| | |
| | |
(Unaudited) | | |
(Unaudited) | |
| The Bank of East Asia Limited (a) | |
| 8,130,873 | | |
| 7,677,780 | | |
| 986,747 | |
| Goldcrest Capital Limited (b) | |
| — | | |
| 3,120,000 | | |
| 400,982 | |
| Total | |
| 8,130,873 | | |
| 10,797,780 | | |
| 1,387,729 | |
| Less: bank borrowing – current | |
| (913,024 | ) | |
| (4,053,671 | ) | |
| (520,977 | ) |
| Bank borrowing – non-current | |
| 7,217,849 | | |
| 6,744,109 | | |
| 866,752 | |
| (a) | On March 16, 2023, Ctrl Media borrowed a non-revolving
term loan of HK$9.0 million (US$1.1 million) as working capital for ten years at an annual interest rate of 3.4% which
is 2.5% below the prime lending rate for Hong Kong under the loan agreement with The Bank of East Asia signed on March 7, 2023.
According to the repayment schedule, the principal amount is repayable by 120 unequal monthly instalments and started to repay on March
16, 2023. All amounts (including any remaining balance of principal, accrued interest and any other sums) outstanding on March 16,
2033 shall be fully repaid on that day. The loan was secured by 1) personal guarantees of Mr. Shum Tsz Chung and 2) the SME
Financing Guarantee Scheme operated by HKMC Insurance Limited. |
| (b) | On September 15, 2025, Ctrl Solution granted a loan facilities
with Goldcrest Capital Limited which up to US$2,000,000 with an annual interest rate 12%. The available period is the period of the twelve
months commencing from the date of the loan facilities letter. Ctrl Solution drawdown of HK$3.1 million (US$0.4 million) as
working capital. According to the deed of variation that agreed on January 15,2026, Ctrl Solution shall repay all the outstanding amount
on or before April 15,2026. |
|
Components of bank borrowing
is as follows as of March 31:
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| The Bank of East Asia Limited (a) | |
| 9,000,000 | | |
| 8,130,873 | | |
| 1,045,113 | |
| Total | |
| 9,000,000 | | |
| 8,130,873 | | |
| 1,045,113 | |
| Less: bank borrowing – current | |
| (861,449 | ) | |
| (913,024 | ) | |
| (117,357 | ) |
| Bank borrowing – non-current | |
| 8,138,551 | | |
| 7,217,849 | | |
| 927,756 | |
| (a) | On March 16, 2023, Ctrl Media borrowed a non-revolving
term loan of HK$9.0 million (US$1.1 million) as working capital for ten years at an annual interest rate of 3.4% which
is 2.5% below the prime lending rate for Hong Kong under the loan agreement with The Bank of East Asia signed on March 7, 2023.
According to the repayment schedule, the principal amount is repayable by 120 unequal monthly instalments and started to repay on March
16, 2023. All amounts (including any remaining balance of principal, accrued interest and any other sums) outstanding on March 16,
2033 shall be fully repaid on that day. The loan was secured by 1) personal guarantees of Mr. Shum Tsz Chung and 2) the SME
Financing Guarantee Scheme operated by HKMC Insurance Limited. |
|
| Schedule of Maturities of Bank Borrowings |
Maturities of the bank borrowings
were as follows:
| |
|
March 31,
2025 |
|
|
September 30,
2025 |
|
|
September 30,
2025 |
|
| |
|
HK$ |
|
|
HK$ |
|
|
US$ |
|
| |
|
|
|
|
(Unaudited) |
|
|
(Unaudited) |
|
| For the year ended March 31, |
|
|
|
|
|
|
|
|
|
| 2026 |
|
|
1,144,464 |
|
|
|
568,391 |
|
|
|
73,050 |
|
| 2027 |
|
|
1,144,464 |
|
|
|
4,470,132 |
|
|
|
574,501 |
|
| 2028 |
|
|
1,144,464 |
|
|
|
1,134,228 |
|
|
|
145,771 |
|
| 2029 |
|
|
1,144,464 |
|
|
|
1,134,228 |
|
|
|
145,771 |
|
| More than five years |
|
|
4,577,819 |
|
|
|
4,536,948 |
|
|
|
583,085 |
|
| Total bank borrowing payments |
|
|
9,155,675 |
|
|
|
11,843,927 |
|
|
|
1,522,176 |
|
| Less: imputed interest |
|
|
(1,024,802 |
) |
|
|
(1,046,147 |
) |
|
|
(134,447 |
) |
| Total |
|
|
8,130,873 |
|
|
|
10,797,780 |
|
|
|
1,387,729 |
|
|
Maturities of the bank borrowings
were as follows:
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| For the year ended March 31, | |
| | |
| | |
| |
| 2025 | |
| 1,173,480 | | |
| — | | |
| — | |
| 2026 | |
| 1,173,480 | | |
| 1,144,464 | | |
| 147,105 | |
| 2027 | |
| 1,173,480 | | |
| 1,144,464 | | |
| 147,105 | |
| 2028 | |
| 1,173,480 | | |
| 1,144,464 | | |
| 147,105 | |
| 2029 | |
| 1,173,480 | | |
| 1,144,464 | | |
| 147,105 | |
| More than five years | |
| 4,693,873 | | |
| 4,577,819 | | |
| 588,413 | |
| Total bank borrowing payments | |
| 10,561,273 | | |
| 9,155,675 | | |
| 1,176,833 | |
| Less: imputed interest | |
| (1,561,273 | ) | |
| (1,024,802 | ) | |
| (131,720 | ) |
| Total | |
| 9,000,000 | | |
| 8,130,873 | | |
| 1,045,113 | |
|