Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 294

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 294
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       2024 |   |
|:---------------------------------------------|:----|:------|--------------:|:----|:--|-----------:|:--|
| Balance at beginning of the period/year      |     | $     |       196,515 |     | $ |  1,265,230 |   |
| Additions                                    |     |       |        93,998 |     |   |     67,308 |   |
| Recognized to revenue during the period/year |     |       |       -67,308 |     |   | (1,136,023 | ) |
| Ending balance                               |     | $     |       223,205 |     | $ |    196,515 |   |

NOTE 10 — LEASES The Company has an operating lease for office space. On April 1, 2021, the Company adopted “Leases” (Topic 842), using the modified -retrospectiveapproach, and as a result recognized a right -of -useasset of $351,674 at the date of adoption, and a lease liability of $351,674. No cumulative -effectadjustment to retained earnings was required upon adoption of Topic 842. 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% and 5.88% during the six months ended September 30, 2024 and 2023, respectively, was the most indicative rate of the Company’s incremental borrowing cost for the calculation of the present value of the lease payments. As of September 30, 2024 and March 31, 2024, the right -of -useasset was $237,598, and $312,268, respectively. As of September 30, 2024 and March 31, 2024, lease liability consists of the following:

|                                       |     | As of | September 30, 
          2024 |     |   | March 31, 
      2024 |
|:--------------------------------------|:----|:------|--------------:|:----|:--|----------:|
| Lease liability – current portion     |     | $     |       156,067 |     | $ |   151,560 |
| Lease liability – non-current portion |     |       |        81,531 |     |   |   160,708 |
|