Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 261

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 261
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     | March 31, |    2024 |     |   |  2023 |
|:--------------------------------|:----|:----------|--------:|:----|:--|------:|
| Accrued staff costs             |     | $         |  17,851 |     | $ |   192 |
| Accrued administrative expenses |     |           |  31,763 |     |   | 7,722 |
| Other payables                  |     |           | 224,957 |     |   |     — |
| Total                           |     | $         | 274,571 |     | $ | 7,914 |

NOTE 8 — CONTRACT LIABILITIES Contract liabilities are recognized when the Company receives initial deposits from customers. Contract liabilities will be recognized as revenue when promised services are provided. The Company’s contract liabilities are generally recognized as revenue within one year. Contract liabilities consist of the following:

| 2024                                  |     | March 31, |            | 2023 |     |   |            |   |
|:--------------------------------------|:----|:----------|-----------:|:-----|:----|:--|-----------:|:--|
| Balance at beginning of the year      |     | $         |  1,265,230 |      |     | $ |  2,049,277 |   |
| Additions                             |     |           |     67,308 |      |     |   |    573,816 |   |
| Recognized to revenue during the year |     |           | (1,136,023 | )    |     |   | (1,357,863 | ) |
| Ending balance                        |     | $         |    196,515 |      |     | $ |  1,265,230 |   |

NOTE 9 — 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