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BANK BORROWINGS | 12 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
BANK BORROWINGS | 14. BANK BORROWINGS The following table presents the balances of bank borrowings as of December 31, 2024 and 2025: SCHEDULE OF BANK BORROWINGS
|  | As of December 31, |
|  | 2024 |  |  | 2025 |
|  | HK$ |  |  | HK$ |  |  | US$ (Note 2(e)) |
Bank borrowings, current portion |  |  | 284,404 |  |  |  | 504,838 |  |  |  | 64,723 |
Bank borrowings, non-current portion |  |  | 4,715,596 |  |  |  | 4,210,245 |  |  |  | 539,775 |
Bank borrowings |  |  | 5,000,000 |  |  |  | 4,715,083 |  |  |  | 604,498 |
On May 27, 2024, Sereno secured an instalment bank loan of HK$5,000,000 (US$641,026) under the SME Financing Guarantee Scheme with a 100% guarantee provided by HKMC Insurance Limited. The loan is backed by an unlimited personal guarantee from Yee Kar Wing and Hui Wai Ming, the Company’s shareholders. The interest of the loan shall be calculated at the prime rate quoted by the bank from time to time minus 2.25% per annum, i.e. 3.625% per annum at the first drawdown date of the loan. The loan is scheduled to be repaid over 120 monthly instalments, starting from June 26, 2024, and continuing through May 26, 2034. The first 12 months shall be of interest payment only and the remaining instalments after the first 12 months shall be equal instalment payments comprising principal and interest payment. The annual interest rate of the loan has been reduced to 2.75% in December 2025. Interest related to the bank borrowings were Nil, HK$100,939 and HK$145,289 (US$18,627) for the years ended December 31, 2023, 2024, and 2025 respectively. As of December 31, 2025, the borrowing will be due according to the following schedule: SCHEDULE OF BORROWING
|  | As of December 31, 2025 |
|  | HK$ |
Within 1 Year |  |  | 504,838 |
Between 1 to 2 Years |  |  | 518,898 |
Between 2 to 3 Years |  |  | 533,328 |
Between 3 to 4 Years |  |  | 548,207 |
Between 4 to 5 Years |  |  | 563,468 |
Between 5 to 6 Years |  |  | 579,161 |
Between 6 to 7 Years |  |  | 595,273 |
Between 7 to 8 Years |  |  | 611,869 |
Between 8 to 9 Years |  |  | 260,041 |
Total |  |  | 4,715,083 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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