XML 38 R29.htm IDEA: XBRL DOCUMENT
v3.25.3

FINANCIAL RISK MANAGEMENT | 6 Months Ended
--- | ---
Sep. 30, 2025
FINANCIAL RISK MANAGEMENT | 23 FINANCIAL RISK MANAGEMENT 23.1 Market risk factors The Group’s activities expose it to a variety of market risks: foreign currency risk, interest rate risk and liquidation risk. The Group’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Group’s financial performance. The risks are minimized by the financial management policies and practices described below. 23.1.2 Foreign currency risk The Group operates primarily in USD and HKD, albeit there is an increasing exposure to GBP. Given USD and HKD are pegged within a range, the Group had a reduced exposure to foreign currency risk during the year. Given the increasing exposure to other currencies, the Group will formalize a foreign currency hedging policy in respect of foreign currency transactions, assets and liabilities. The Group monitors its foreign currency exposure closely and will consider hedging significant foreign currency exposure to manage the risk. The material balance sheet items are denominated in USD and as such no sensitivity analysis on the impact of foreign exchange movements has been performed. 23.1.3 Interest rate risk The Group has minimal interest rate risk because there are no significant borrowings at variable interest rates. The Group currently does not have an interest rate hedging policy. However, the management monitors interest rate exposure and will consider other necessary actions when significant interest rate exposure is anticipated. The Group’s cash flow interest rate risk relates primarily to variable-rate bank balances. The exposure to the interest rate risk for variable rate bank balances is insignificant as the bank balances have a short maturity period. 23.2 Credit risk The Group has exposure to credit risk arising from deposits in banks as well as trade receivables. Credit risk is managed on a Group basis. The amount of the Group’s maximum exposure to credit risk is the amount of the Group’s carrying value of the related financial assets and liabilities as of the end of the reporting period. 23.2.1 Deposits with bank With respect to the Group’s deposits with banks, the Group limits its exposure to credit risk by placing deposits with financial institutions with high credit ratings and no recent history of default. Given the high credit ratings of the banks, management does not expect any counterparty to fail to meet its obligations. Management will continue to monitor the position and will take appropriate action if their ratings are changed. At September 30, 2025 and March 31, 2025, the Group had a concentration of deposits with one bank but does have additional banking relationships to mitigate any concentration risk. 23.3 Liquidity risk 23.3.1 Financing arrangement The Group monitors its cash position on a regular basis and manages cash and cash equivalents to finance the Group’s operations. The Group has been primarily financed via the proceeds from the issuance of equity, issuance of convertible loan notes and access to a shareholder loan together with proceeds from the IPO. 23.3.2 Maturities of financial liabilities The table below analyses the Group’s financial liabilities into relevant maturity groupings based on the remaining period at the end of each financial reporting period to the contractual maturity dates. The amounts disclosed in the table are the contractual undiscounted cash flows. SCHEDULE OF MATURITIES OF FINANCIAL LIABILITIES ON CONTRACTUAL UNDISCOUNTED CASH FLOWS
|  | Within 1 year |  |  | 1-5 years |  |  | Total |
|  | USD |  |  | USD |  |  | USD |
At September 30, 2025 (unaudited) |  |  |  |  |  |  |  |  |
Accounts payable |  |  | 637,680 |  |  |  | - |  |  |  | 637,680 |
Other payables and accruals |  |  | 2,724,912 |  |  |  | - |  |  |  | 2,724,912 |
Deferred revenues |  |  | 611,260 |  |  |  | - |  |  |  | 611,260 |
Due to a related company |  |  |  |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | 181,091 |  |  |  | 48,293 |  |  |  | 229,384 |
Financial liabilities |  |  | 4,154,943 |  |  |  | 48,293 |  |  |  | 4,203,236 |
At March 31, 2025 (audited) |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  | 200,660 |  |  |  | - |  |  |  | 200,660 |
Other payables and accruals |  |  | 706,874 |  |  |  | - |  |  |  | 706,874 |
Deferred revenues |  |  | 505,424 |  |  |  | - |  |  |  | 505,424 |
Due to a related company |  |  | 34,579 |  |  |  | - |  |  |  | 34,579 |
Lease liabilities |  |  | 126,808 |  |  |  | 110,867 |  |  |  | 237,675 |
Financial liabilities |  |  | 1,574,345 |  |  |  | 110,867 |  |  |  | 1,685,212 |
23.4 Capital risk The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern and to maximize the return to the shareholders through the optimization of the debt and equity balance. The Group manages its capital structure and adjusts it in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may issue new shares or other instruments. No changes were made in the objectives, policies or processes for managing capital during the six months ended September 30, 2025. 23.5 Fair values measurements 23.5.1 Financial assets and financial liabilities measured at amortized cost The financial assets and financial liabilities in the table below are measured at amortized cost. Management believes the carrying amounts of these financial assets and liabilities measured at amortized cost approximate their fair values. SCHEDULE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES MEASURED AT AMORTIZED COST
|  | September 30, 2025 |  |  | March 31, 2025 |
|  | USD |  |  | USD |
|  | (Unaudited) |  |  | (Audited) |
Financial assets |  |  |  |  |  |  |  |
Trade receivables |  |  | 2,495,302 |  |  |  | 1,394,545 |
Other receivables |  |  | 9,770,725 |  |  |  | 650,486 |
Contract assets |  |  | - |  |  |  | 750 |
Restricted bank balance |  |  | 383,400 |  |  |  | 399,400 |
Cash and cash equivalents |  |  | 1,850,673 |  |  |  | 3,111,141 |
Financial assets |  |  | 14,500,100 |  |  |  | 5,556,322 |
Financial liabilities |  |  |  |  |  |  |  |
Trade payables |  |  | 637,680 |  |  |  | 200,660 |
Other payables |  |  | 12,118 |  |  |  | 11,852 |
Due to related companies |  |  | - |  |  |  | 34,579 |
Lease liabilities |  |  | 229,384 |  |  |  | 237,675 |
Financial liabilities |  |  | 879,182 |  |  |  | 484,766 |

X
- Definition The disclosure of information about the effect of interest rate benchmark reform on an entity's financial instruments and risk management strategy. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2025-01-01 -Paragraph 24J -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2025-en-r&anchor=para_24J&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2025-01-01 -Paragraph 24I -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2025-en-r&anchor=para_24I&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfInformationAboutEffectOfInterestRateBenchmarkReformOnEntitysFinancialInstrumentsAndRiskManagementStrategyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration