Property and Equipment, Net |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment, net | 7. Property and equipment, net
Property and equipment, stated at cost less accumulated depreciation, consisted of the following as of March 31:
Depreciation expense of property and equipment totaled HK$174,966 (US$22,317) and HK$75,851 for the years ended March 31, 2026 and 2025, respectively.
During the year ended March 31, 2026, the Company acquired and subsequently disposed of a motor vehicle with an original cost of HK$572,454 (US$73,017). At the time of disposal, the vehicle had a net carrying value of HK$467,504, representing its original cost less accumulated depreciation of HK$104,950. The Company received cash proceeds of HK$500,000 (US$63,776) from the disposal, resulting in a gain on disposal of HK$32,496 (US$4,145). This gain has been recognized within the Company’s other income, net in the consolidated statements of operations. |
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