Company: CLIK
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003127
Chunk: 186

Company: Click Holdings Ltd.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 186
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 Upon the completion of the reorganization, Click Services became an indirectly wholly -ownedsubsidiary of the Company. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Basis of presentation and consolidation The CFS and related notes include all the accounts of the Company and its wholly owned subsidiaries. The CFS are prepared in accordance with accounting principles generally accepted in the U.S. of America (“U.S. GAAP”). All intercompany transactions have been eliminated in consolidation. F-25

CLICK HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) B. Use of estimates and assumptions The preparation of CFS in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported and disclosed in the CFS and related notes. Significant accounting estimates include the allowance for accounts receivable and other receivables and useful life of property and equipment. Actual amounts could differ from those estimates. C. Functional currency and foreign currency translation The reporting currency of the Company is the U.S. dollar (“US$”), and the functional currency is the Hong Kong dollar (“HK$”) as Hong Kong is the primary economic environment in which the Company operates. The CFS of the Company are prepared using HK$, and translated into the Company’s reporting currency, US$. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rate of exchange prevailing at the balance sheet date. Revenue and expenses are translated using the average rates during each reporting period, and shareholders’ equity is translated at historical exchange rates. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income (loss) in shareholders’ equity. Translation of amounts from HK$ into US$ has been made at the following exchange rates:

| Balance sheet items, except for equity accounts: |     |                 |
| As of December 31, 2023                          |     | HK$7.81 to US$1 |
| As of December 31, 2022                          |     | HK$7.81 to US$1 |
| Statement of operations and cash flow items: