| Schedule of Finance Lease’s Weighted Average Remaining Lease Term |
As
of September 30, 2024 and 2025, the finance lease’s weighted average remaining lease term was 1.17 years and 0.96 years,
respectively. As of September 30, 2024 and 2025, the weighted average discount rate was 4.73% and 4.73%, respectively.
| | |
As
of September 30, | | |
As of
September 30, | |
| | |
2025 | | |
2025 | | |
2024 | |
| | |
HK$ | | |
US$ | | |
HK$ | |
| Right-of -use asset-finance lease | |
| | |
| | |
| |
| Motor vehicle | |
| 590,215 | | |
| 75,854 | | |
| 590,215 | |
| Accumulated amortization | |
| (577,391 | ) | |
| (74,206 | ) | |
| (500,445 | ) |
| Right-of
-use asset-finance lease, net | |
| 12,824 | | |
| 1,648 | | |
| 89,770 | |
| Lease liability – finance
lease, current portion | |
| 20,902 | | |
| 2,686 | | |
| 122,156 | |
| Lease
liability – finance lease, non-current portion | |
| — | | |
| — | | |
| 20,902 | |
| Total
finance lease liability | |
| 20,902 | | |
| 2,686 | | |
| 143,058 | |
| | |
As
of September 30, | | |
As of
September 30, | |
| | |
2025 | | |
2025 | | |
2024 | |
| | |
HK$ | | |
US$ | | |
HK$ | |
| Right-of -use asset-operating lease | |
| | |
| | |
| |
| Office lease | |
| 1,634,357 | | |
| 210,047 | | |
| 1,634,357 | |
| Accumulated amortization | |
| (637,573 | ) | |
| (81,941 | ) | |
| (117,539 | |
| Right-of
-use asset-operating lease, net | |
| 996,784 | | |
| 128,107 | | |
| 1,516,818 | |
| Lease liability – operating
lease, current portion | |
| 546,639 | | |
| 70,254 | | |
| 520,034 | |
| Lease
liability – operating lease, non-current portion | |
| 450,145 | | |
| 57,853 | | |
| 996,784 | |
| Total
operating lease liability | |
| 996,784 | | |
| 128,107 | | |
| 1,516,818 | |
|
| Schedule of Lease Cost |
The
components of lease costs were as follows:
| | |
| | |
| | |
| | |
(Successor) | | |
(Predecessor) | |
| | |
For
the year ended
September 30, 2025 | | |
For
the year ended
September 30, 2024 | | |
From
October 12,
2022 to
September 30,
2023 | | |
From
October 1,
2022 to
October 11,
2022 | |
| | |
HK$ | | |
US$ | | |
HK$ | | |
HK$ | | |
HK$ | |
| Operating lease costs | |
| | |
| | |
| | |
| | |
| |
| Amortization
of operating lease asset | |
| 520,034 | | |
| 66,835 | | |
| 117,539 | | |
| — | | |
| — | |
| Interest on lease liability | |
| 64,030 | | |
| 8,229 | | |
| 6,496 | | |
| — | | |
| — | |
| Unrecognized
ROU(i) | |
| — | | |
| — | | |
| 173,797 | | |
| 460,800 | | |
| — | |
| Total
operating lease costs | |
| 584,064 | | |
| 75,064 | | |
| 297,832 | | |
| 460,800 | | |
| — | |
| Finance lease costs | |
| | | |
| | | |
| | | |
| | | |
| | |
| Amortization of finance
lease asset | |
| 76,946 | | |
| 9,889 | | |
| 76,946 | | |
| 248,620 | | |
| — | |
| Interest
on lease liability | |
| 3,904 | | |
| 502 | | |
| 9,226 | | |
| 14,316 | | |
| — | |
| Total
finance lease costs | |
| 80,850 | | |
| 10,391 | | |
| 86,172 | | |
| 262,936 | | |
| — | |
| (i) | Excluding cost of short-term contracts. The Company also have another
lease agreement with one year term, for which the 2024 elected to not recognize right-of-use assets on balance sheet and expensed on straight-line
method. The lease term was commenced from March 1, 2022 with monthly lease expense of HK$38,400. Short-term lease costs for the years
ended September 30, 2023, 2024 and 2025 were HK$460,800, HK$173,797 and Nil, respectively, which were charged to general and administrative
expenses. |
|
| Schedule of Future Lease Payments under Lease Liabilities |
Future
lease payments under lease liabilities as of September 30 were as follows:
| | |
Operating
leases | | |
Finance
leases | |
| | |
HK$ | | |
US$ | | |
HK$ | | |
US$ | |
| Period ended September 30, | |
| | |
| | |
| | |
| |
| 2026 | |
| 584,064 | | |
| 75,064 | | |
| 21,020 | | |
| 2,701 | |
| 2027 | |
| 460,029 | | |
| 59,123 | | |
| — | | |
| — | |
| Total future lease payments | |
| 1,044,093 | | |
| 134,187 | | |
| 21,020 | | |
| 2,701 | |
| Less:
Imputed interest | |
| (47,309 | ) | |
| (6,080 | ) | |
| (118 | ) | |
| (15 | ) |
| Total
lease liabilities balance | |
| 996,784 | | |
| 128,107 | | |
| 20,902 | | |
| 2,686 | |
|