Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
SCHEDULE OF USEFUL LIVES OF ITEMS OF PROPERTY AND EQUIPMENT

The useful lives of items of property and equipment have been assessed as follows:

 

Category   Depreciation Method   Useful Life
Buildings   Straight line   20 years
Plant and Machinery   Straight line   5 years
Leasehold Properties   Straight line   As per below
Furniture and fixtures   Straight line   5 years
Motor vehicles   Straight line   5 years
Office equipment   Straight line   5 years
IT equipment   Straight line   35 years
Computer equipment   Straight line   28 years
Spa equipment, curtains, crockery, glassware, and linen   Straight line   5 years
SCHEDULE OF USEFUL LIFE OF INTANGIBLE ASSETS

The useful life of intangible assets has been assessed as follows:

 

Category   Useful Life
Customer relationships   5 years
Customer list   5 years
Film Library   8.5 years
Trade names, trademarks, domain names, and licenses   Indefinite