Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 186

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 186
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  Total                                         $              197,165      $     

The movement of contract assets, gross is as follows:

                                        March 31,                         
                                        2025                        2024  
  Balance at beginning of the year      $              -            $     
 ──────────────────────────────────────────────────────────────────────────
  Additions                                            197,435            
  Total                                 $              197,435      $     

The movement of allowances for expected credit
loss is as follow:

                                        March 31,                       
                                        2025                      2024  
  Balance at beginning of the year      $              -          $     
  Provision                                            ( 270            
  Ending balance                        $              ( 270      $     
 ────────────────────────────────────────────────────────────────────────

Contract
liabilities are recognized when the Company receives initial deposits from customers. Contract liabilities will be recognized as revenue
when promised services are provided. The Company’s contract liabilities are generally recognized as revenue within one year.

Contract
liabilities consist of the following:

                                             March 31,                                            
                                             2025                          2024                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at beginning of the year           $                196,515      $           1,265,230  
  Additions                                                   200,911                     67,308  
  Recognized to revenue during the year                     ( 196,515                ( 1,136,023  
  Ending balance                             $                200,911      $             196,515  

F-19

  GRANDE                                      
  GROUP LIMITED                               
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  
  FOR THE YEARS ENDED MARCH                   
  31, 2025, 2024 and 2023                     
                                              
  (Stated                                     
  in US Dollars)                              
 ──────────────────────────────────────────────

NOTE
10 - LEASES

The Company has an operating lease for office space. The lease agreements do not specify an explicit interest rate. The Company’s management believes that the Hong Kong Dollar Prime Rate at 5.88 5.88

As
of March 31, 2025 and 2024, the right-of-use asset was $ 160,708 312,268

As
of March 31, 2025 and 2024, lease liability consists of the following:

                                             March 31,