Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 390

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 4
Chunk 390
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3-07 requires entities to make certain enhanced segment disclosures on both an annual and interim basis, including disclosure
of significant segment expenses that are regularly provided to their chief operating decision maker (the “CODM”) as defined
within Accounting Standards Codification Topic 280, “Segment Reporting,” as well as various information about an entity’s
CODM, among other provisions. ASU 2023-07 does not change how entities identify their operating segments, aggregate them, or apply the
quantitative thresholds to determine their reportable segments. The annual disclosures required by ASU 2023-07 are effective for the
Company beginning in Fiscal 2025, with interim disclosures effective beginning in Fiscal 2026. The provisions of ASU 2023-07 are to be
applied retrospectively to all prior periods presented. Early adoption is permitted. Other than the new disclosure requirements, ASU
2023-07 will not have an impact on the Company’s consolidated financial statements.

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    LSEB
    Creative Corp.
  
    Notes
    to Consolidated Financial Statements
  
    For
    the Years Ending March 31, 2025 and 2024

5.PREPAYMENTS
AND OTHER RECEIVABLES

The
prepayment represents the amount paid pursuant of a lease agreement executed with one of the directors for the commercial unit used as
office space by the company. The current term of lease is approx. USD $800 (CAD $1,000) per month for 8 months starting from January
2022 with an option to extend it with mutual consent. The Company executed a Lease Extension Agreement for an additional 12 month period
starting September 1, 2022 and ending August 31, 2023 for USD $800 (CAD $1,000) per month.

On
September 1, 2023 the Company executed a further 12 month extension ending August 31, 2024 for USD $800 (CAD $1,000) per month.

On
September 1, 2024 the Company executed a further 12 month extension ending August 31, 2025 for USD $800 (CAD $1,000) per month.

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    LSEB
    Creative Corp.
  
    Notes
    to Consolidated Financial Statements
  
    For
    the Years Ending March 31, 2025 and 2024

6.EQUIPMENT

Schedule of Equipment