REGISTERED NUMBER: 13590018 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SQUARESPACE UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C B O'Connor

C MacCarvill

SECRETARY:

J Krasner

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

13590018 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

1,765

-

CURRENT ASSETS

Debtors

5

1,587,814

781,372

Cash at bank

1,159,116

1,448,102

2,746,930

2,229,474

CREDITORS

Amounts falling due within one year

6

1,856,927

1,851,329

NET CURRENT ASSETS

890,003

378,145

TOTAL ASSETS LESS CURRENT LIABILITIES

891,768

378,145

RESERVES

Capital contribution reserve

8

505,078

234,152

Retained earnings/(accumulated

deficit)

8

386,690

143,993

SHAREHOLDERS' FUNDS

891,768

378,145

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

C MacCarvill - Director

1.	STATUTORY INFORMATION

Squarespace UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as Squarespace, Inc., an indirect parent company, will continue to support the Company as required for a period in excess of twelve months and one day from the signing of the audit report.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

With regard to the accounting policies adopted by the company, the directors are required to make

judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily available from other sources. Such estimates are based on historical experience and other relevant factors and may differ from actual results. All estimates, and associated underlying assumptions, are reviewed on an ongoing basis.

Changes in accounting policies

During the year, the company revised its accounting policy for the recognition of share-based payment transactions. Previously, the expense related to share options was recognised based on a group apportionment method. The company has now adopted a standalone accounting treatment, reflecting the share-based payment expense directly in its own financial statements in accordance with the requirements of FRS 102.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is calculated on a cost plus basis, and is recharged to a fellow group company.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following method:

Computer Equipment - 3 years

Financial instruments

Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share-based payments

Equity-settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for the rendering of services. The cost of equity-settled transactions is measured at fair value on grant date. As Squarespace, Inc. was listed for the portion of the year during which the awards were outstanding, the fair value was independently determined using the market rate of underlying shares at the date of grant. No account is taken of any other vesting conditions. During the year Squarespace, Inc. was involved in a Merger which resulted in the equity-settled awards being converted into cash-settled awards at a fixed amount per unit and subject to the same vesting terms and conditions as the previous equity-settled award. However, as the obligation to settle the awards lies with Squarespace, Inc. they continue to be treated as equity-settled.

The cost of equity-settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The cost of cash-settled transactions is also recognised as an expense with a corresponding increase in equity over the same vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the incremental fair value on modification to cash-settled, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amount already recognised in previous periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

2,507

At 31 December 2024

2,507

DEPRECIATION

Charge for year

742

At 31 December 2024

742

NET BOOK VALUE

At 31 December 2024

1,765

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Amounts owed by group undertakings

1,582,391

751,338

Other debtors

5,423

30,034

1,587,814

781,372

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Trade creditors

21,627

7,352

Amounts owed to group undertakings

1,703,969

1,778,994

Taxation and social security

109,396

44,803

Other creditors & accruals

21,935

20,180

1,856,927

1,851,329

7.	CALLED UP SHARE CAPITAL

Allotted and Issued:

Number:

Class:

Nominal Value:

31.12.24

31.12.23

1

Ordinary

£0.01

£0.01

£0.01

8.

RESERVES

Retained

Capital

earnings/(accumulated

contribution

deficit)

reserve

Totals

£

£

£

At 1 January 2024

143,993

234,152

378,145

Profit for the year

29,322

29,322

Equity award charge

-

484,301

484,301

Reserve transfer on exercise

213,375

(213,375

)

-

At 31 December 2024

386,690

505,078

891,768

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hayden A. Sym (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included

within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10.	ULTIMATE PARENT COMPANY

The ultimate parent company is Spaceship Parent L.P., a company incorporated in the United States of America. Their registered address is 3500 South DuPont Highway, Incorporating Services, Ltd., Dover, DE 19901. This is the largest group to prepare the consolidated accounts. These consolidated accounts are not publicly available.

The smallest group to prepare the consolidated accounts is Spaceship Intermediate 2, Inc., a company incorporated in the United States of America with registered address 3500 South DuPont Highway, Incorporating Services, Ltd., Dover, DE 19901. These consolidated accounts are not publicly available.

11.	SHARE-BASED PAYMENT TRANSACTIONS

At the start of the year the company had equity-settled share based compensation with its employees under one equity incentive plan.

The equity offered was that of Squarespace, Inc., which at the time of the RSU grant was the ultimate parent company.

The shares vested as to 25% of the shares subject to the award on the first anniversary of the vesting commencement date and 6.25% on each succeeding quarterly vesting date thereafter, so that all of the shares subject to the award are fully vested on the fourth anniversary of the vesting commencement date, subject to the participant not ceasing to be an employee throughout each such vesting date. Vesting shall cease immediately upon the participant ceasing to be an employee.

During the year, all vested RSUs were settled at a price of $46.50 per share. The unvested RSUs were converted into a cash settled "Parent Cash Award" at $46.50 for each previously issued RSU under the old equity scheme. The new Parent Cash Awards follow the same vesting schedule as the previously issued RSUs and require continuing employment as a vesting condition. As the obligation to settle the awards lies with Squarespace, Inc. they continue to be treated as equity-settled.

There were 19,927 awards outstanding at the start of the period. During the period 23,075 (2023: 13,777) awards were issued, nil (2023: nil) were forfeited, and 8,761 (2023:4,783) were vested. There were 34,241 awards outstanding at the end of the period.

An expense of £484,301 (2023: £220,203) has been recognised within wages as an employee cost.

Under the previous equity scheme, the company was liable for employer National Insurance contributions upon the vesting of restricted stock units (RSUs), as the shares were classified as readily convertible assets. Under the new Parent Cash Award scheme, the company remains liable for employer National Insurance contributions, since the awards are cash-settled and treated as cash bonuses. A joint agreement between the employee and the company stipulates that the employee will bear the cost of the employer National Insurance contributions.