Company: LHI
Filing Date: 2025-09-29
Form Type: F-1/A
Source: 0001213900-25-092499
Chunk: 248

Company: Living Homeopathy International Ltd.
Filing Date: 2025-09-29
Form: F-1/A
Chunk 248
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ent Fund Scheme
(“MPF scheme”) under the Hong Kong Mandatory Provident Fund Schemes Ordinance are recognized as an expense when employees
have rendered service entitling them to the contributions. An employer is required to make regular mandatory contributions of at least
5% of the employee’s monthly income and HKD1,500(US$192) of the employee’s monthly income over HKD30,000(US$3,850).

During the years ended March 31, 2025 and
2024, the total amount charged to the consolidated statements of income and comprehensive income in respect of the Company’s costs
incurred on the MPF scheme were approximately $19,614 and $20,819, respectively.

Legal and professional fees include legal fees, audit fees and
other professional services fees.

Other general and administrative expenses
mainly consist of repair and maintenance, consumables, system fees, travelling, property related expenses,
office expenses and other miscellaneous administrative expenses.

Interest income is mainly generated from savings
and time deposits which are less than one year, and is recognized on an accrual basis using the effective interest method. Interest income
is received from banks on a monthly basis.

Government subsidies are recognized as income
in other income, net or as a reduction of specific costs and expenses for which the subsidies are intended to compensate. Such amounts
are recognized in the consolidated statements of income and comprehensive income upon receipt and when all conditions attached to the
grants, such as companies are required to stay in the same level of employment, are fulfilled. Such subsidies are presented under other
income. During the years ended March 31, 2025 and 2024, the Company recognized government subsidy of $39,330 and nil, respectively, in
the other income of consolidated statements of income and comprehensive income.

Other income mainly consists of anniversary
ticket sales, registration income, locker income and income other than general operations. During the years ended March 31, 2025 and
2024, other income mainly consisted of anniversary ticket sales of $414,935 and nil, respectively.

The Company is not subject to tax on income
or capital gains under the current laws of the Cayman Islands and British Virgin Islands.

The Company’s subsidiary in Hong Kong
is subject to the income tax of Hong Kong. No taxable income was generated outside Hong Kong for the years ended March 31, 2025 and 2024.
The Company accounts for income taxes in accordance with ASC 740, “