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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
SCHEDULE OF NATURE OF RELATIONSHIPS WITH RELATED PARTIES

Nature of relationships with related parties:

 

Name of related party  Relationship with the Company
Golden Hill Capital Pte. Ltd.  Intermediate holding company of the Company, which is controlled by two controlling shareholders
Golden Hill Capital Ltd.  Immediate holding company of the Company, which is controlled by two controlling shareholders
New Century International Homes Pte. Ltd.  Entity controlled by two controlling shareholders
HTL Manufacturing Pte. Ltd.  Entity controlled by two controlling shareholders
HTL Marketing Pte. Ltd.  Entity controlled by two controlling shareholders
HTL Furniture (China) Co., Ltd.  Entity controlled by two controlling shareholders
New Century Sofa India Private Limited  Entity controlled by two controlling shareholders
New Century Trading (India) Private Limited  Entity controlled by two controlling shareholders
Hwa Tat Lee Japan Co., Ltd  Entity controlled by two controlling shareholders
HTL Korea Co., Ltd  Entity controlled by two controlling shareholders
SCHEDULE OF RELATED PARTY BALANCES

Related party balances consisted of the following:

 

         2023   2024 
         As of December 31, 
         2023   2024 
Name of related party  Nature             
HTL Marketing Pte. Ltd.  Amount due from a related party  (a)   383,100    2,900 
HTL Marketing Pte. Ltd.  Accounts payable  (b)   584,579    48,324 
New Century Trading (India) Private Limited  Amount due from a related party  (a)   221    - 
New Century International Homes Pte. Ltd.  Amount due from former holding company  (c)   553,551    - 
New Century Sofa India Private Limited  Amount due to related party (trade)  (b)   15,362    - 
HTL Furniture (China) Co., Ltd.  Accounts payable  (b)   -    153,967 
Hwa Tat Lee Japan Co., Ltd  Accounts receivable  (d)   -    157,838 
HTL Korea Co., Ltd  Accounts receivable  (d)   -    18,001 

 

(a) As of December 31, 2023 and 2024, the balances represented the temporary advances made by the Company for non-trade purpose, which are unsecured, interest-free and due on demand.

 

 

(b) As of December 31, 2023 and 2024, the balances represented trade payable from the purchase of goods under the normal course of business. The amounts are unsecured, interest-free and due on demand.
   
(c) As of December 31, 2023, the balance due from New Century International Homes Pte. Ltd. represented the temporary advances by the Company for non-trade purpose. The amount is unsecured, interest-free and due on demand. Subsequently, in March 2024, these temporary advances were fully repaid by New Century International Homes Pte. Ltd., the former shareholder.
   
(d) As of December 31, 2024, the balances due from Hwa Tat Lee Japan Co., Ltd and HTL Korea Co., Ltd represented trade receivable under the normal course of business. The amounts are unsecured, interest-free and due on demand.
SCHEDULE OF RELATED PARTY TRANSACTIONS

 

      2022   2023   2024 
      Years ended December 31, 
      2022   2023   2024 
Name of related party  Nature            
HTL Korea Co., Ltd  Sales of goods   -    -    14,562 
Hwa Tat Lee Japan Co., Ltd  Sales of goods   -    -    160,125 
HTL Furniture (China) Co., Ltd  Purchase of goods   -    -    152,764 
HTL Manufacturing Pte. Ltd.  Purchase of goods   6,416    -    - 
HTL Marketing Pte. Ltd.  Purchase of goods   1,522,199    1,433,988    993,957 
Sales rebate  Sales rebate   -    50,723    74,386 
Sales warranty rebate  Sales warranty rebate   -    101,446    111,578 
Marketing support  Marketing support   -    196,345    986,412 
IT and HR service  IT and HR service   -    -    165,382 
New Century Sofa India Private Limited  Purchase of goods   -    15,093    16,990