Leases

12 Months Ended

Mar. 31, 2026

8. Leases

The Company leases office under non-cancelable operating lease agreement. Per the new lease standard ASC 842-10-55, this lease is treated as operating leases. Management determined the incremental borrowing rate was 3.0% for the lease that began in 2025 according to the actual effective interest rate on the Company’s concurrent bank borrowing at the inception of the lease. This lease is on a fixed payment basis. None of the leases include contingent rentals.

Description of lease		Lease term
Office at Hung Hom, Hong Kong		2 years from July 16, 2023 to July 15, 2025
Office at Hung Hom, Hong Kong		2 years from July 16, 2025 to July 15, 2027

(a) Amounts recognized in the consolidated balance sheets:

	2025		2026		2026
	HK$		HK$		US$
Right-of-use assets		134,352		532,611		67,935

Operating lease liabilities – current		134,352		397,457		50,696
Operating lease liabilities – non-current		—		135,154		17,239
		134,352		532,611		67,935

Weighted average remaining lease term (in years)		0.3		1.3
Weighted average discount rate (%)		5.9		3.0

For the years ended March 31, 2026 and 2025, the Company incurred total operating lease expense of HK$408,000 (US$52,041) and HK$408,000, respectively.

(b) The following table sets forth the remaining contractual maturities of the Company:

	HK$			US$
For the year ended March 31,
2027		408,000			52,041
2028		136,000			17,347
Total future lease payments		544,000			69,388
Less: imputed interest		(11,389	)		(1,453	)
Present value of lease liabilities		532,611			67,935