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Consolidated Statement of Financial Position
Dec. 31, 2024
USD ($)
Dec. 31, 2024
HKD ($)
Dec. 31, 2023
HKD ($)
Non-current assets      
Property, plant and equipment $ 6,502,173 $ 50,506,934 $ 81,748,308
Right-of-use assets 7,924,446 61,554,718 68,120,353
Deferred tax assets 1,154,644 8,968,929 4,163,838
Deposits 1,403,072 10,898,645 10,893,489
Total non-current assets 16,984,335 131,929,226 164,925,988
Current assets      
Amounts due from related companies 2,227,764 17,304,600 71,082
Amounts due from shareholders 9,540 74,100 10
Inventories 2,619,967 20,351,116 25,790,715
Trade receivables 427,391 3,319,847 9,025,248
Deposits, prepayments and other receivables 2,317,302 18,000,107 15,574,758
Cash and bank balances 15,105,631 117,336,010 146,213,744
Total current assets 22,707,595 176,385,780 196,675,557
Assets of disposal group classified as held for sale 31,478,186
Total assets 39,691,930 308,315,006 393,079,731
Capital and reserves      
Share capital 7,531 58,500 10
Retained profits/(accumulated losses) 3,671,298 28,517,543 (4,382,901)
Other reserves 1,285 9,979 9,979
Exchange reserve (5,479) (42,558) (14,533)
Total equity/(deficit) 3,674,635 28,543,464 (4,387,445)
Non-current liabilities      
Loans from related companies 3,605,298 28,004,873 38,711,557
Lease liabilities 4,669,116 36,268,295 38,999,779
Provision for reinstatement costs 357,892 2,780,000 4,640,000
Total non-current liabilities 8,632,306 67,053,168 82,351,336
Current liabilities      
Bank loans 9,035,479 70,184,889 77,754,259
Loans from related companies 2,018,353 15,677,958 15,161,771
Amounts due to directors 5,480,852 42,573,611 108,118,417
Amounts due to a related company 21,335 165,724 131,161
Provision for reinstatement costs 324,420 2,520,000 730,000
Lease liabilities 4,911,202 38,148,743 37,983,588
Trade payables 2,144,381 16,656,904 16,198,249
Accruals and other payables 3,228,194 25,075,647 23,255,552
Current tax payable 220,773 1,714,898 4,304,657
Total current liabilities 27,384,989 212,718,374 283,637,654
Liabilities directly associated with disposal group classified as held for sale 31,478,186
Total liabilities 36,017,295 279,771,542 397,467,176
Total equity and liabilities $ 39,691,930 $ 308,315,006 $ 393,079,731