Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 185

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 185
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1      N/A   
  H                                            
  Customer      N/A            16.1      N/A   
  I                                            
  Customer      59.7           N/A       N/A   
  J                                            
  Customer      19.9           N/A       N/A   
  K                                            
 ───────────────────────────────────────────────

  Accounts receivable from these customers is individually less than 10% of the total accounts receivable of the Company for the respective year.  

F-18

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

NOTE 7 - DEFERRED IPO COSTS

Deferred IPO costs consisted of the following:

                                March 31,                                      
                                2025                        2024               
 ───────────────────────────────────────────────────────────────────────────────
  Legal fees                    $              294,881      $         86,845   
  Accounting related fees                      278,830                238,446  
  Underwriting fees                            120,220                —        
  Other miscellaneous fees                     189,362                —        
  Total                         $              883,293      $         325,291  

NOTE
8 - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued
expenses and other current liabilities consist of the following:

                                       March 31,                                      
                                       2025                        2024               
 ──────────────────────────────────────────────────────────────────────────────────────
  Accrued staff costs                  $                6,239      $          17,851  
  Accrued administrative expenses                      54,888                 31,763  
  Other payables                                      217,680                224,957  
  Total                                $              278,807      $         274,571  

NOTE 9 - CONTRACT ASSETS,
NET AND CONTRACT LIABILITIES

Contract assets is presented net of allowance
for expected credit losses:

                                                March 31,                         
                                                2025                        2024  
  Contract assets, gross                        $              197,435      $     
 ──────────────────────────────────────────────────────────────────────────────────
  Less: allowance for expected credit loss                       ( 270