Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 139

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 139
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 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

    March 31, 2025  
    March 31, 2024 
  
    Cost 

    Opening 
     5,692  
     2,744 
  
    Addition 
     —  
     2,948 
  
    Disposal 
     —  
     — 
  
    Closing 
     5,692  
     5,692 
  
    Accumulated Depreciation 

    Opening 
     2,450  
     1,737 
  
    Depreciation 
     868  
     713 
  
    Closing 
     3,318  
     2,450 
  
    Net Book Value 
     2,374  
     3,242 

7.ADVANCES
FROM A RELATED PARTY & RELATED PARTY TRANSACTIONS

These
advances are from a shareholder of the Company. The amount is non-interest bearing, unsecured and due on demand. The carrying value of
the advances approximates the market value due to the short-term maturity of the financial instruments.

Schedule of Advances from Related Party

    March 31,  
    March 31, 

    2025  
    2024 

    $  
    $ 
  
    Jordan Starkman 
     113,119  
     67,650 
  
    Lauren Bentley