Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 178

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 178
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 it satisfies its performance obligations
throughout the contract terms.

Contract assets

Contract assets include unbilled amounts resulting
from advisory services, as the Company’s right to payment is conditional on completion of defined project milestones. Payment is
not due until each milestone is achieved, so a contract asset (unbilled revenue) is recorded until invoicing occurs. Contract assets are
generally classified as current assets given the short-term nature of these engagements. Contract assets (unbilled revenue) related to
general advisory services totaled $197,165and nilat March 31, 2025 and 2024, respectively. All contract assets are expected to be collected
and are included within current assets in the accompanying consolidated balance sheets.

Contract
liabilities

The
Company generally requires the customers to make initial deposits upon entering into the service contracts and progressive payments throughout
the contract terms before the completion of services.

Contract
liabilities are recorded for any payments received on such yet to be completed performance obligations. Contract liabilities related
to IPO sponsorship services, general advisory services, independent financial advisory services and compliance advisory services
totaled $ 200,911 196,515

F-14

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

NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Expected
credit loss

ASU
No. 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326)
requires entities to use a current lifetime expected credit loss methodology to measure impairments of certain financial assets. Using
this methodology will result in earlier recognition of losses than under the current incurred loss approach, which requires waiting to
recognize a loss until it is probable of having been incurred. There are other provisions within the standard that affect how impairments
of other financial assets may be recorded and presented, and that expand disclosures.

Retirement
benefits

Retirement benefits in the form of mandatory government-sponsored
defined contribution plans are charged to either expense as incurred. During the years ended March 31, 2025, 2024 and 2023, the total
amount charged to the consolidated statements of operations in respect of the Company