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Company Registration No. 3832651 (England and Wales)
Westminster Live Limited Unaudited accounts for the year ended 31 December 2025
Westminster Live Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Westminster Live Limited Company Information for the year ended 31 December 2025
Directors
V Nikolaidis C Barton
Company Number
3832651 (England and Wales)
Registered Office
Flat 9 46 Tregunter Road London London SW10 9LE England
Accountants
Financial and Accounting Solutions 6 Hadleigh Close Harrow Middlesex HA2 8FA
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Westminster Live Limited Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,157 
207,299 
Current assets
Debtors
5
349,436 
393,504 
Cash at bank and in hand
(16,389)
44,379 
333,047 
437,883 
Creditors: amounts falling due within one year
6
(7,700)
(22,662)
Net current assets
325,347 
415,221 
Total assets less current liabilities
338,504 
622,520 
Creditors: amounts falling due after more than one year
7
- 
(1,151)
Provisions for liabilities
Deferred tax
(1,619)
(46,244)
Net assets
336,885 
575,125 
Capital and reserves
Called up share capital
156 
156 
Profit and loss account
336,729 
574,969 
Shareholders' funds
336,885 
575,125 
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by
V Nikolaidis Director Company Registration No. 3832651
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Westminster Live Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Westminster Live Limited is a private company, limited by shares, registered in England and Wales, registration number 3832651. The registered office is Flat 9, 46 Tregunter Road, London, London, SW10 9LE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
Going concern
The directors assess whether the use of going concern is appropriate i.e., whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The company is facing financial and operational hardships with the liquidation of Camelot Gmbh and the loss of its temporary studio. Following the loss of the premises used for its television studio, Westminster Live is no longer operating its previous studio model. The market for that kind of model has also been shrinking in recent years, so the directors continue to explore alternative activities that could draw on the Company’s experience and contacts in news production, including potential applications of artificial intelligence.  These discussions still remain exploratory, as is the relevant technology itself, but the directors have experience and contacts in AI on various platforms, both in the UK and abroad, and are therefore still working on funding options. They expect to make more definite decisions about the Company’s future activities in the coming months. The Company has no outstanding debts, and its expected running costs are limited. So despite the present material uncertainty over the future, and having considered anticipated costs and available resources, the directors still consider the company as potentially viable. However, in order to meet its planned corporate and exploration activity expenditure, additional time and funding will be required over the period of assessment, and this will be supported by the directors over the next 12 months.
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Westminster Live Limited Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2025
1,872,199 
210,961 
224,121 
2,307,281 
Disposals
(89,142)
(11,898)
(88,716)
(189,756)
At 31 December 2025
1,783,057 
199,063 
135,405 
2,117,525 
Depreciation
At 1 January 2025
1,783,057 
199,063 
117,862 
2,099,982 
Charge for the year
- 
- 
4,386 
4,386 
At 31 December 2025
1,783,057 
199,063 
122,248 
2,104,368 
Net book value
At 31 December 2025
- 
- 
13,157 
13,157 
At 31 December 2024
89,142 
11,898 
106,259 
207,299 
During the financial year, the company experienced an unexpected change in its office status. Following this change, the company's existing fixtures and fittings were found to be unsuitable for reuse or relocation, and had no commercial resale value.Consequently, these assets were decommissioned and discarded or given away. In accordance with accounting standards, the entire remaining net book value of £11,898 has been written off in full and recognised as an expense in the Profit and Loss account. There are no remaining assets held under this category at the balance sheet date. Further a large number of assets (plant and machinery ) and (computer equipment) was sold for £54,000 leaving just some camera lenses worth £13,157 (nbv) left within the fixed assets.
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
2,265 
- 
Trade debtors
- 
7,792 
Accrued income and prepayments
210 
18,948 
Other debtors
- 
188,263 
2,475 
215,003 
Amounts falling due after more than one year
346,961 
178,501 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
- 
860 
Taxes and social security
- 
4,331 
Other creditors
- 
134 
Accruals
7,700 
17,337 
7,700 
22,662 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
- 
1,151 
- 6 -
Westminster Live Limited Notes to the Accounts for the year ended 31 December 2025
8
Transactions with related parties
At the year end the amount owed by Picture Connect Limited (PCL)was £175,070 (YE 31/12/24 - £160,200). At the year end the amount owed by Camelot Broadcast Services GmbH was £159,071(YE 31/12/23 - £167,222). Camelot Gmbh is in liquidation and a claim for £160,147 ( inc interest) has been made with the liquidators as of 1st Nov 2025 These companies are linked to each other by a common director and shareholder .
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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