Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 293

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 293
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 |    17,851 |
| Accrued administrative expenses and IPO costs |     |       |       136,781 |     |   |    31,763 |
| Other payables                                |     |       |        19,559 |     |   |   224,957 |
| Total                                         |     | $     |       162,837 |     | $ |   274,571 |

NOTE 9 — CONTRACT ASSETS, NET AND CONTRACT LIABILITIES Contract assets, net consist of the following:

|                                          |     | As of         
 September 30, 
 2024          |        |   |     | March 31, 
 2024      |   |
|:-----------------------------------------|:----|:--------------|-------:|:--|:----|:----------|:--|
| Contract assets, gross                   |     | $             | 91,346 |   |     | $         | — |
| Less: allowance for expected credit loss |     |               |   (616 | ) |     |           | — |
| Total                                    |     | $             | 90,730 |   |     | $         | — |

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

|                                         |     | As of         
 September 30, 
 2024          |      |   |     | March 31, 
 2024      |   |
|:----------------------------------------|:----|:--------------|:-----|:--|:----|:----------|:--|
| Balance at beginning of the period/year |     | $             | —    |   |     | $         | — |
| Provision                               |     |               | (616 | ) |     |           | — |
| Ending balance                          |     | $             | (616 | ) |     | $         | — |

As of the date these unaudited interim condensed consolidated financial statements were issued, 79% of the contract assets were billed and had been collected.

F-45

NOTE 9 — CONTRACT ASSETS, NET AND CONTRACT LIABILITIES (cont.) 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:

|                                              |     | As of | September 30, 
          2024 |     |   |  March 31