Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 466

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 6
Chunk 466
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, and travel expenses as indicated above

During
the years ended March 31, 2025 and March 31, 2024 the Company recorded $59,574 and $30,073 in Legal and Professional fees The increase
mainly represents increased legal expenses related to the Company’s regulatory filings. The Company expects professional fee costs
to increase as the Company may file a registration statement in the future. Furthermore, the Company is a public reporting company with
the Securities and Exchange Commission, which requires that it maintain relationships with both PCAOB registered audit firms and securities
counsel to assist with the SEC reporting requirements. In addition, the Company may also attempt to purchase other entities or assets
and operations of other entities if the advantageous situation presents itself. This could require the Company to incur substantial professional
fees.

The
Company has also reported $35,301 in General and Administrative Expenses for the year ended March 31, 2025 as compared to $49,699 for
the year ended March 31, 2024. The decrease in General and Administrative Expenses was primarily attributed to reduced travel expense
related to visiting our manufacturer in Porto, Portugal. In addition, the Company reported $24,942 in Advertising and Promotional Expenses
for the year ended March 31, 2025 as compared to $45,662 for the year ended March 31, 2024. The decrease in Advertising and Promotion
Expenses is primarily attributed to the Company’s reduced expenses to our marketing agency since our web site design and photoshoot
have already been expensed in previous quarters. The Company expects to increase its advertising and promotional budget going forward
upon completion of a capital raise.

Furthermore,
the Company reported $47,478 in Consulting Expenses for the year ended March 31, 2025 as compared to $38,277 for the year ended March
31, 2024. The Company expects to reduce its consulting expenses going forward.

We
anticipate generating losses and, therefore, may be unable to continue operations in the future. If we require additional capital, we
will have to issue debt or equity or enter into a strategic arrangement with a third party.

Income
Tax

During
the period from inception (April 3, 2019) to March 31, 2025, we had no provision for income taxes due to the net operating losses incurred.

Off
Balance Sheet Financing

We
have no off-balance sheet arrangements.

Liquidity
and Capital Resources