| OTHER LOANS |
7.
Other loans
| | |
As of September 30, | | |
As of
September 30, | |
| | |
2025 | | |
2025 | | |
2024 | |
| | |
HK$ | | |
US$ | | |
HK$ | |
| Long-term loans | |
| | |
| | |
| |
| Loan 1(1) | |
| — | | |
| — | | |
| 259,000 | |
| Loan 2(2) | |
| — | | |
| — | | |
| 187,040 | |
| Loan 3(3) | |
| — | | |
| — | | |
| 410,000 | |
| Loan 4(4) | |
| 25,000 | | |
| 3,213 | | |
| — | |
| Loan 5(5) | |
| — | | |
| — | | |
| — | |
| Loan 6(6) | |
| — | | |
| — | | |
| — | |
| Loan 7(7) | |
| 84,000 | | |
| 10,796 | | |
| — | |
| Loan 8(8) | |
| 96,000 | | |
| 12,338 | | |
| — | |
| Loan 9(9) | |
| 98,000 | | |
| 12,595 | | |
| — | |
| Loan 10(10) | |
| 252,000 | | |
| 32,387 | | |
| — | |
| Loan 11(11) | |
| 267,098 | | |
| 34,327 | | |
| — | |
| Loan 12(12) | |
| 255,000 | | |
| 32,772 | | |
| — | |
| Loan 13(13) | |
| 51,732 | | |
| 6,648 | | |
| — | |
| Loan 14(14) | |
| 182,664 | | |
| 23,476 | | |
| — | |
| Loan 15(15) | |
| 237,499 | | |
| 30,523 | | |
| — | |
| Loan 16(16) | |
| — | | |
| — | | |
| — | |
| Loan 17(17) | |
| 355,555 | | |
| 45,696 | | |
| — | |
| Loan 18(18) | |
| 432,000 | | |
| 55,521 | | |
| — | |
| Loan 19(19) | |
| 810,667 | | |
| 104,187 | | |
| — | |
| Loan 20(20) | |
| 534,600 | | |
| 68,707 | | |
| — | |
| Current portion of long-term loans | |
| 3,681,815 | | |
| 473,186 | | |
| 856,040 | |
The
Company’s other loans which are all denominated in HK$, consist of:
| (1) | On June 6, 2024, TSL entered into an agreement with one of the
customers, pursuant to which TSL granted a loan in the amount of HK$388,500 (approximately US$ 49,930). The loan is at effective interest
rate of 16% on principal and the principal is to be paid off by 9 equal monthly instalments. The loan has been secured by the accounts
receivable of the Company. The loan was fully repaid during the year. |
| (2) | On June 6, 2024, TSL entered into an agreement with one of the
customers, pursuant to which TSL granted a loan in the amount of HK$280,560 (approximately US$ 36,058). The loan is at effective interest
rate of 16% on principal and the principal is to be paid off by 9 equal monthly instalments. The loan has been secured by the accounts
receivable of the Company. The loan was fully repaid during the year. |
| (3) | On August 30, 2024, TSL entered into an agreement with one of the customers,
pursuant to which TSL granted a loan in the amount of HK$410,000 (approximately US$ 52,693). The loan is at effective interest rate of
16% on principal and the principal is to be paid off by 6 equal monthly instalments. The loan has been secured by the accounts receivable
of the Company. The loan was fully repaid during the year. |
| (4) | On October 23, 2024, TSL entered into an agreement with one of the
customers, pursuant to which TSL granted a loan in the amount of HK$300,000 (approximately US$ 38,556). The loan is at effective interest
rate of 16% on principal and the principal is to be paid off by 12 equal monthly instalments. The loan has been secured by the accounts
receivable of the Company. |
| (5) | On October 16, 2024, TSL entered into an agreement with one of the
customers, pursuant to which TSL granted a loan in the amount of HK$145,000 (approximately US$ 18,635). The loan is at effective interest
rate of 16% on principal and the principal is to be paid off by 1 equal monthly instalment. The loan has been secured by the accounts
receivable of the Company. The loan was fully repaid during the year. | | (6) | On November 6, 2024, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$433,000 (approximately US$ 55,649). The loan is at effective interest rate of 18% on principal and the principal is to be paid off by 1 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. The loan was fully repaid during the year. |
| (7) | On November 29, 2024, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$504,000 (approximately US$ 64,774). The loan is at effective interest rate of 16% on principal and the principal is to be paid off by 12 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. |
| (8) | On January 27, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$288,000 (approximately US$ 37,014). The loan is at effective interest rate of 16% on principal and the principal is to be paid off by 12 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. |
| (9) | On January 27, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$294,000 (approximately US$ 37,785). The loan is at effective interest rate of 16% on principal and the principal is to be paid off by 12 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. |
| (10) | On March 6, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$504,000 (approximately US$ 64,774). The loan is at effective interest rate of 16% on principal and the principal is to be paid off by 12 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. |
| (11) | On March 7, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$534,200 (approximately US$ 68,655). The loan is at effective interest rate of 16% on principal and the principal is to be paid off by 12 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. |
| (12) | On March 31, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$510,000 (approximately US$ 65,545). The loan is at effective interest rate of 16% on principal and the principal is to be paid off by 12 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. |
| (13) | On April 30, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$155,200 (approximately US$ 19,946). The loan is at effective interest rate of 8% on principal and the principal is to be paid off by 6 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. |
| (14) | On April 30, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$548,000 (approximately US$ 70,429). The loan is at effective interest rate of 8% on principal and the principal is to be paid off by 6 equal monthly instalments. The loan has been secured by the receivable of the Company. |
| (15) | On June 4,2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$475,000 (approximately US$ 61,047). The loan is at effective interest rate of 8% on principal and the principal is to be paid off by 6 equal monthly instalments. The loan has been secured by the accounts receivable of the Company. |
| (16) | On June 30, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$622,725 (approximately US$ 80,033). The loan is at effective interest rate of 5% on principal and the principal is to be paid off by 2 instalments. The loan has been secured by the accounts receivable of the Company. The loan was fully repaid during the year. |
| (17) | On August 26, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$400,000 (approximately US$ 51,408). The loan is at effective interest rate of 12% on principal and the principal is to be paid off by 9 equal monthly instalments. The loan has been secured by the accounts receivable of the Company and guaranteed by Leung Tsz Him. |
| (18) | On August 26 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$486,000 (approximately US$ 62,461). The loan is at effective interest rate of 12% on principal and the principal is to be paid off by 9 equal monthly instalments. The loan has been secured by the accounts receivable of the Company and guaranteed by Leung Tsz Him. |
| (19) | On August 26 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$912,000 (approximately US$ 117,210). The loan is at effective interest rate of 12% on principal and the principal is to be paid off by 9 equal monthly instalments. The loan has been secured by the accounts receivable of the Company and guaranteed by Leung Tsz Him. |
| (20) | On September 30, 2025, TSL entered into an agreement with one of the customers, pursuant to which TSL granted a loan in the amount of HK$534,600 (approximately US$ 68,707). The loan is at effective interest rate of 12% on principal and the principal is to be paid off by 9 equal monthly instalments. The loan has been secured by the accounts receivable of the Company and guaranteed by Leung Tsz Him. |
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