| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
| Mar. 31, 2024 |
| Accounting Policies [Abstract] | |
| Basis of Presentation | ● Basis of Presentation The
accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted
in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission
(“SEC”). |
| Use of Estimates and Assumptions | ● Use of Estimates and Assumptions The
preparation of consolidated financial
statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the
reported amounts of revenues and expenses during the periods presented. The
inputs into the management’s judgments and estimates consider the economic implications of COVID-19 on the Company’s critical
and significant accounting estimates. Actual results could differ from these estimates. |
| Basis of Consolidation | ● Basis of Consolidation The
consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company
balances and transactions within the Company have been eliminated upon consolidation. |
| Foreign Currency Translation and Transaction | ● Foreign Currency Translation and Transaction The
Company uses Hong Kong Dollars (“HKD”) as its reporting currency. The functional currency of RRA is Hong Kong Dollar and
Roma (S) in Singapore is Singapore dollar, based on the criteria of Accounting Standards Codification (“ASC”) Topic 830 Foreign
Currency Matters Monetary
assets and liabilities denominated in currencies other than the applicable functional currencies are translated into the functional currencies
at the prevailing rates of exchange at the balance sheet date. Nonmonetary assets and liabilities are remeasured into the applicable
functional currencies at historical exchange rates. In
the consolidated financial statements, the financial information of the Company and other entities located outside of Hong Kong has been
translated into HKD. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated
at historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period. ROMA
GREEN FINANCE LIMITED AND SUBSIDIARIES NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEARS ENDED MARCH 31, 2022, 2023 AND 2024 Translation
of amounts from SGD into HKD has been made at the following exchange rates for the followings: SCHEDULE OF FOREIGN CURRENCY TRANSLATION EXCHANGE RATE
Years ended March 31,
2022 2023 2024
(SGD to HKD) (SGD to HKD) (SGD to HKD)
Year-end exchange rate 5.7843 5.9026 5.7990
Annual average exchange rate 5.7720 5.7090 5.8186 Transactions
denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing
at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated
into the functional currency using the applicable exchange rates at the balance sheet dates. Translation gains and losses that arise
from exchange rate fluctuations from transactions denominated in a currency other than the functional currency are translated, as the
case may be, at the rate on the date of the transaction and included in the results of operations as incurred. |
| Convenience Translation | ● Convenience Translation Translations
of balances in the consolidated balance sheets, consolidated statements of operations and comprehensive loss and consolidated statements
of cash flows from HKD into USD (or US$) as of and for the year ended March 31, 2024 are solely for the convenience of the reader and
were calculated at the rate of HKD 1.00 0.1282 |
| Cash and Cash Equivalents | ● Cash and Cash Equivalents Cash
and cash equivalents consist primarily of cash in readily available checking and saving accounts. Cash equivalents consist of highly
liquid investments that are readily convertible to cash and that mature within three months or less from the date of purchase. The carrying
amounts approximate fair value due to the short maturities of these instruments. The Company maintains
most of its bank accounts in Hong Kong. |
| Accounts Receivable | ● Accounts Receivable Accounts
receivable include trade accounts due from customers in the rendering of service. Accounts
receivable are recorded at the invoiced amount and do not bear interest, which are due upon invoice being The
Company does not hold any collateral or other credit enhancements over its accounts receivable balances. |
| Allowance for Credit Losses on Financial Instruments | ● Allowance for Credit Losses on Financial Instruments In
accordance with ASC Topic 326 Credit Losses – Measurement of Credit Losses on Financial Instruments The allowance for expected credit
losses amounted to approximately HK$ 0.2 0.6 0.2 ROMA
GREEN FINANCE LIMITED AND SUBSIDIARIES NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEARS ENDED MARCH 31, 2022, 2023 AND 2024 |
| Property and Equipment | ● Property and Equipment Property
and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated
on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking
into account their estimated residual values: SCHEDULE OF PROPERTY PLANT AND EQUIPMENT USEFUL LIFE
Expected useful life
Office equipment 5 Expenditure
for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation
are removed from the accounts and any resulting gain or loss is recognized in the results of operations. |
| Impairment of Long-Lived Assets | ● Impairment of Long-Lived Assets In
accordance with the provisions of ASC Topic 360, Impairment or Disposal of Long-Lived Assets |
| Revenue Recognition | ● Revenue Recognition The
Company adopted Accounting Standards Update (“ASU”)
No. 2014-09, Revenue from Contracts with Customers (Topic 606) Step
1: Identify the contract(s) with a customer. Step
2: Identify the performance obligations in the contract. Step
3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects
to be entitled in exchange for transferring promised goods or services to a customer. Step
4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction
price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised
in the contract. Step
5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it
satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control
of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance
obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises
to transfer service to a customer). ROMA
GREEN FINANCE LIMITED AND SUBSIDIARIES NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEARS ENDED MARCH 31, 2022, 2023 AND 2024 The
majority of the Company’s revenue is derived from contracts with customers in the rendering of ESG and sustainability related advisory
service, and as such, the revenue recognized depicts the transfer of promised services to its customers in an amount that reflects the
consideration to which the Company expects to be entitled in exchange for those services. The Company considers the terms of the contract
and all relevant facts and circumstances when applying this guidance. The contract is typically fixed-priced and the duration of the
service period is usually less than one year. The
Company’s revenue from ESG and sustainability related advisory service contracts is generally recognized at a point in time when
the ESG and sustainability related advisory services are completed. Invoices billed to the customers become payable upon issuance. The
Company records receivable related to revenue when it has an unconditional right to invoice and receive payment. Under
the contract, the Company generally requires the customers to make advanced payment at certain percentage of the total contract value
upon signing the agreement. Contract liabilities are recorded when the advanced payment is received from the customers before all of
the relevant criteria for revenue recognition has been met. The related revenue will be recognized when the underlying services are completed
and rendered to the customers. |
| Cost of Revenue | ● Cost of Revenue Cost
of revenue comprised of staff costs that are directly attributable to the rendering of the ESG and sustainability related advisory service,
third party consulting services expenses and compensation expenses for the Company’s professionals. |
| Government Grant | ● Government Grant A
government grant or subsidy is not recognized until there is reasonable assurance that: (a) the enterprise will comply with the conditions
attached to the grant; and (b) the grant will be received. When the Company receives government grant or subsidies but the conditions
attached to the grants have not been fulfilled, such government subsidies are deferred and recorded under other payables and accrued
expenses, and other long-term liability. The classification of short-term or long-term liabilities is depended on the management’s
expectation of when the conditions attached to the grant can be fulfilled. For the years ended March 31, 2022, 2023 and 2024, the Company
received government subsidies of HKD 750,000 371,000 0 0 |
| Deferred Offering Costs | ● Deferred Offering Costs Deferred
offering costs, which consist of legal and other expenses incurred through the balance sheet date that are directly related to the proposed
public offering, are capitalized, and charged against the gross proceeds of the offering and recorded as reduction of shareholders’
equity upon the completion of the proposed offering. Should the proposed public offering prove to be unsuccessful, these deferred costs,
as well as additional expenses incurred, will be charged to the statements of operations and comprehensive income (loss). |
| Comprehensive Income (Loss) | ● Comprehensive Income (Loss) ASC
Topic 220, Comprehensive Income ROMA
GREEN FINANCE LIMITED AND SUBSIDIARIES NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEARS ENDED MARCH 31, 2022, 2023 AND 2024 |
| Income Taxes | ● Income Taxes Income
taxes are determined in accordance with the provisions of ASC Topic 740, Income Taxes ASC
740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements
uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the
financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax
positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of
being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts For
the years ended March 31, 2022, 2023 and 2024, the Company did no no The
Company is subject to tax in local and foreign jurisdictions. As a result of its business activities, the Company files tax returns that
are subject to examination by the relevant tax authorities. |
| Earnings per Share | ● Earnings per Share The
Company computes earnings per share (“EPS”) in accordance with ASC Topic 260, Earnings per Share no |
| Retirement Plan Costs | ● Retirement Plan Costs Contributions
to retirement plans (which are defined contribution plans) are charged to cost of revenue expenses in the accompanying statements of
operation as the related employee service are provided. The Company is required to make contribution to their employees under a government-mandated
multi-employer defined contribution pension scheme for its eligible full-times employees in Hong Kong. The Company is required to contribute
a specified percentage of the participants’ relevant income based on their ages and wages level. During the years ended March 31,
2022, 2023 and 2024, HKD 170,692 284,883 264,520 33,913 |
| Segment Reporting | ● Segment Reporting ASC
Topic 280, Segment Reporting one reporting business segment in Hong Kong and Singapore ROMA
GREEN FINANCE LIMITED AND SUBSIDIARIES NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEARS ENDED MARCH 31, 2022, 2023 AND 2024 |
| Related Parties | ● Related Parties The
Company follows the ASC Topic 850-10, Related Party Pursuant
to section 850-10-20 the related parties include: a) affiliates of the Company; b) entities for which investments in their equity securities
would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15,
to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing
trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company;
f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies
of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and
g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership
interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting
parties might be prevented from fully pursuing its own separate interests. The
financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense
allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the
preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a) the
nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts
were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding
of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which
income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding
period; and d) amount due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the
terms and manner of settlement. |
| Commitments And Contingencies | ● Commitments And Contingencies The
Company follows the ASC Topic 450-20, Commitments to report accounting for contingencies If
the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability
can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates
that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then
the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss
contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.
Management does not believe, based upon information available at this time that these matters will have a material adverse effect on
the Company’s financial position, results of operations or cash flows. However, there is no assurance that such matters will not
materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. |
| Concentration of Credit Risk | ● Concentration of Credit Risk Financial
instruments that potentially subject the Company to credit risk consist of cash equivalents and accounts receivable. Cash equivalents
are maintained with high credit quality institutions, the composition and maturities of which are regularly monitored by management.
The Hong Kong Deposit Protection Board pays compensation up to a limit of HKD 500,000 64,102 530,206 43,112,523 5,527,247 ROMA
GREEN FINANCE LIMITED AND SUBSIDIARIES NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEARS ENDED MARCH 31, 2022, 2023 AND 2024 For
accounts receivable, the Company determines, on a continuing basis, the allowance for expected credit losses are based on the estimated
realizable value. The Company identifies credit risk on a customer by customer basis. The information is monitored regularly by management.
Concentration of credit risk arises when a group of customers having similar characteristics such that their ability to meet their obligations
is expected to be affected similarly by changes in economic conditions. |
| Liquidity Risk | ● Liquidity Risk Liquidity
risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company’s policy is
to ensure that it has sufficient cash to meet its liabilities when they become due, under both normal and stressed conditions, without
incurring unacceptable losses or risking damage to the Company’s reputation. A key risk in managing liquidity is the degree of
uncertainty in the cash flow projections. If future cash flows are fairly uncertain, the liquidity risk increases. |
| Fair Value Measurement | ● Fair Value Measurement The
Company follows the guidance of the ASC Topic 820-10, Fair Value Measurements and Disclosures
● Level
1
● Level
2 :
● Level
3 The
carrying value of the Company’s financial instruments: cash and cash equivalents, accounts receivable, deposits, prepayments and
other receivable, accounts payable, amount due to directors, accrued liabilities and other payables approximate at their fair values
because of the short-term nature of these financial instruments. Fair
value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates
are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision.
Changes in assumptions could significantly affect the estimates. |
| Recently Issued Accounting Pronouncements | ● Recently Issued Accounting Pronouncements From
time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard
setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the
impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of
operations upon adoption. ROMA
GREEN FINANCE LIMITED AND SUBSIDIARIES NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS FOR
THE YEARS ENDED MARCH 31, 2022, 2023 AND 2024 In
March 2023, the FASB issued ASU No. 2023-01, Leases (Topic 842): Common Control Arrangements In
November 2023, the FASB issued ASU No. 2023-07, Segment Reporting Improvements to Reportable Segment Disclosures
In
December 2023, the FASB issued ASU No. 2023-09, Income Taxes Improvements to Income Tax Disclosures In
March 2024, the FASB issued ASU No. 2024-02, Codification Improvements-Amendments to Remove References to the Concepts Statements
Except
for the above-mentioned pronouncements, there are no new recently issued accounting standards that will have a material impact on the
consolidated balance sheets, statements of operations and comprehensive loss and cash flows. |
