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Leases | 12 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
LEASES | NOTE 6 — LEASES Operating leases The Company lease office for varying periods in Hong Kong. As the majority of the leases do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company’s lease agreements do not contain any material guarantees and restrictive covenants. The Company does not have any sublease activities. Short-term lease, defined as leases with initial term of 12 months or less, are reflected on the consolidated and combined balance sheets. For purposes of calculating lease liabilities for such leases, the Company have consolidated lease and non-lease components.
|  | Year ended March 31, |
|  | 2026 |  |  | 2025 |
|  | US$ |  |  | US$ |
Operating lease expenses: |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 171,543 |  |  |  | 157,428 |
Accretion of lease liabilities |  |  | 12,780 |  |  |  | 15,870 |
Total operating lease expense |  |  | 184,323 |  |  |  | 173,298 |
The Group has operating lease primarily for office space. The Group’s leases have remaining lease terms of serval months to five years.
|  | As of March 31, |
|  | 2026 |  |  | 2025 |
|  | US$ |  |  | US$ |
Operating lease expenses: |  |  |  |  |  |
Short term lease expenses |  |  | 143,880 |  |  |  | 129,069 |
Total operating lease expenses |  |  | 184,323 |  |  |  | 173,298 |
|  |  | 328,203 |  |  |  | 302,367 |
The components of operating lease are as follows:
|  | As of March 31, |
|  | 2026 |  |  | 2025 |
|  | US$ |  |  | US$ |
Right-of-use assets: |  |  |  |  |  |
At the beginning of the year |  |  | 328,203 |  |  |  | 302,367 |
Additions |  |  | - |  |  |  | 180,208 |
Amortization for the year |  |  | (171,543 | ) |  |  | (157,428 | )
Exchange adjustments |  |  | (2,832 | ) |  |  | 3,056 |
At the end of the year |  |  | 153,828 |  |  |  | 328,203 |
|  | As of March 31, |
|  | 2026 |  |  | 2025 |
|  | US$ |  |  | US$ |
Lease liabilities: |  |  |  |  |  |
At the beginning of the year |  |  | 327,283 |  |  |  | 299,086 |
New lease for the year |  |  | - |  |  |  | 180,208 |
Repayments of principal portion of lease liabilities |  |  | (174,178 | ) |  |  | (155,042 | )
Exchange adjustments |  |  | (2,810 | ) |  |  | 3,031 |
At the end of the year |  |  | 150,295 |  |  |  | 327,283 |
|  | As of March 31, |
|  | 2026 |  |  | 2025 |
|  | US$ |  |  | US$ |
Lease liabilities are classified as: |  |  |  |  |  |
Current liabilities |  |  | 135,073 |  |  |  | 175,315 |
Non-current liabilities |  |  | 15,222 |  |  |  | 151,968 |
|  |  | 150,295 |  |  |  | 327,283 |
Other information about the Company’s lease is as follows:
|  | Year ended March 31, |
|  | 2026 |  |  | 2025 |
|  | US$ |  |  | US$ |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows used in operating lease |  |  | 186,958 |  |  |  | 170,912 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | - |  |  |  | 180,208 |
Weighted-average remaining lease term – operating |  |  | 2 years |  |  |  | 2 years |
Weighted average discount rate – operating |  |  | 5.625 | % |  |  | 5.625 | %
The following is a maturity analysis of the annual undiscounted cash flows for lease liabilities as of March 31, 2025 and 2026:
|  | As of March 31, |
|  | 2026 |  |  | 2025 |
|  | US$ |  |  | US$ |
Year ending March 31, |  |  |  |  |  |
2026 |  |  | - |  |  |  | 188,178 |
2027 |  |  | 139,005 |  |  |  | 140,552 |
2028 |  |  | 15,317 |  |  |  | 15,488 |
Total undiscounted lease payments |  |  | 154,322 |  |  |  | 344,218 |
Less: future finance charges |  |  | (4,027 | ) |  |  | (16,935 | )
|  |  | 150,295 |  |  |  | 327,283 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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