Silverfin false false 31/07/2025 01/08/2024 31/07/2025 Em Prof Yolande Denise Barnes 01/07/2019 Dr Kayvan Karimi 13/10/2004 Maximo Martinez 09/03/2017 Edward Christopher Sutton Parham 09/03/2017 Professor Alan Richard Penn 17/07/1989 Anna Sabine Rose Timothy Dominic Stonor 15/11/1995 T Stonor 04 December 2025 Established in 1989, Space Syntax Limited is one of the UK’s ‘digital design’ pioneers. The company provides creative expertise in architecture and urban planning. Operating worldwide, Space Syntax combines global design experience with advanced digital technology. Its science-based and human-focused approach forecasts the social, economic and environmental impacts of development on mobility, land value and health.
Space Syntax provides urban planning and design services in five key areas:
Studio: architectural design and urban planning services
Consulting: analysis and strategic insights to guide development
Training: practitioner-focused education
Research: exploration of key challenges facing the built and natural environments
Digital: creation of tools and platforms for analysing the performance of buildings and cities. 02404770 2025-07-31 02404770 bus:Director1 2025-07-31 02404770 bus:Director2 2025-07-31 02404770 bus:Director3 2025-07-31 02404770 bus:Director4 2025-07-31 02404770 bus:Director5 2025-07-31 02404770 bus:Director7 2025-07-31 02404770 2024-07-31 02404770 core:CurrentFinancialInstruments 2025-07-31 02404770 core:CurrentFinancialInstruments 2024-07-31 02404770 core:Non-currentFinancialInstruments 2025-07-31 02404770 core:Non-currentFinancialInstruments 2024-07-31 02404770 core:ShareCapital 2025-07-31 02404770 core:ShareCapital 2024-07-31 02404770 core:SharePremium 2025-07-31 02404770 core:SharePremium 2024-07-31 02404770 core:CapitalRedemptionReserve 2025-07-31 02404770 core:CapitalRedemptionReserve 2024-07-31 02404770 core:RetainedEarningsAccumulatedLosses 2025-07-31 02404770 core:RetainedEarningsAccumulatedLosses 2024-07-31 02404770 core:OtherPropertyPlantEquipment 2024-07-31 02404770 core:OtherPropertyPlantEquipment 2025-07-31 02404770 core:CostValuation 2024-07-31 02404770 core:AdditionsToInvestments 2025-07-31 02404770 core:CostValuation 2025-07-31 02404770 bus:OrdinaryShareClass1 2025-07-31 02404770 2024-08-01 2025-07-31 02404770 bus:FilletedAccounts 2024-08-01 2025-07-31 02404770 bus:SmallEntities 2024-08-01 2025-07-31 02404770 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 02404770 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 02404770 bus:Director1 2024-08-01 2025-07-31 02404770 bus:Director2 2024-08-01 2025-07-31 02404770 bus:Director3 2024-08-01 2025-07-31 02404770 bus:Director4 2024-08-01 2025-07-31 02404770 bus:Director5 2024-08-01 2025-07-31 02404770 bus:Director6 2024-08-01 2025-07-31 02404770 bus:Director7 2024-08-01 2025-07-31 02404770 bus:Director8 2024-08-01 2025-07-31 02404770 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-08-01 2025-07-31 02404770 2023-08-01 2024-07-31 02404770 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 02404770 core:Non-currentFinancialInstruments 2024-08-01 2025-07-31 02404770 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 02404770 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 02404770 1 2024-08-01 2025-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02404770 (England and Wales)

# SPACE SYNTAX LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

SPACE SYNTAX LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

SPACE SYNTAX LIMITED

## COMPANY INFORMATION

For the financial year ended 31 July 2025
SPACE SYNTAX LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 July 2025

DIRECTORS | Em Prof Yolande Denise Barnes
| Dr Kayvan Karimi
| Maximo Martinez
| Edward Christopher Sutton Parham
| Professor Alan Richard Penn
| Anna Sabine Rose
| Timothy Dominic Stonor

SECRETARY | Timothy Dominic Stonor

REGISTERED OFFICE | 2 Leman Street
| London
| E1W 9US
| United Kingdom

COMPANY NUMBER | 02404770 (England and Wales)

ACCOUNTANT | Gravita Business Services II Limited
| Aldgate Tower
| 2 Leman Street
| London
| E1 8FA
| United Kingdom

SPACE SYNTAX LIMITED

## BALANCE SHEET

As at 31 July 2025
SPACE SYNTAX LIMITED

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 20,213 |  | 26,326
Investments | 4 | 12,743 |  | 12,243
|  | 32,956 |  | 38,569
Current assets |  |  |  |
Debtors | 5 | 1,452,378 |  | 1,205,359
Cash at bank and in hand |  | 1,238 |  | 0
|  | 1,453,616 |  | 1,205,359
Creditors: amounts falling due within one year | 6 | ( 585,611) |  | ( 716,477)
Net current assets |  | 868,005 |  | 488,882
Total assets less current liabilities |  | 900,961 |  | 527,451
Creditors: amounts falling due after more than one year | 7 | ( 14,902) |  | ( 135,267)
Net assets |  | 886,059 |  | 392,184
Capital and reserves |  |  |  |
Called-up share capital | 8 | 10,000 |  | 10,000
Share premium account |  | 3,216 |  | 3,216
Capital redemption reserve |  | 33,663 |  | 33,663
Profit and loss account |  | 839,180 |  | 345,305
Total shareholders' funds |  | 886,059 |  | 392,184

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Space Syntax Limited (registered number: 02404770) were approved and authorised for issue by the Board of Directors on 04 December 2025. They were signed on its behalf by:

T Stonor Director |

SPACE SYNTAX LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
SPACE SYNTAX LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Space Syntax Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial Financial assets are asset are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of expire or financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, the control of the asset to another party. has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Pension

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 28 |  | 30

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 August 2024 | 412,580 |  | 412,580
Additions | 5,114 |  | 5,114
At 31 July 2025 | 417,694 |  | 417,694
Accumulated depreciation |  |  |
At 01 August 2024 | 386,254 |  | 386,254
Charge for the financial year | 11,227 |  | 11,227
At 31 July 2025 | 397,481 |  | 397,481
Net book value |  |  |
At 31 July 2025 | 20,213 |  | 20,213
At 31 July 2024 | 26,326 |  | 26,326

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 August 2024 | 12,243 |  | 12,243
Additions | 500 |  | 500
At 31 July 2025 | 12,743 |  | 12,743
Carrying value at 31 July 2025 | 12,743 |  | 12,743
Carrying value at 31 July 2024 | 12,243 |  | 12,243

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 815,876 |  | 855,204
Corporation tax | 254,207 |  | 135,745
Other debtors | 382,295 |  | 214,410
| 1,452,378 |  | 1,205,359

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 245,399 |  | 4,776
Trade creditors | 24,085 |  | 41,099
Other taxation and social security | 110,927 |  | 192,204
Other creditors | 205,200 |  | 478,398
| 585,611 |  | 716,477

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 14,902 |  | 135,267

The company has loans of £37,255 and £34,390 under the Coronavirus Business Interruption Loan Scheme (CBILS). Under the CBILS rules, both bank loans are secured by way of a government guarantee and the first 12 months of interest were payable by the UK Government

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10,000 Ordinary shares of £ 1.00 each | 10,000 |  | 10,000

#### 9. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 110,796 |  | 104,430

#### 10. Related party transactions

The company has provided a guarantee in respect of amounts payable by Space Syntax Trustees Limited in respect of a share purchase agreement involving the existing shareholders of Space Syntax Limited. The company funds the amount payable by Space Syntax Trustees Limited via contributions, which are charges to the profit and loss account of £Nil (2024: £Nil) and as at 31 July 2025, the unpaid amount included in other creditors is £57,661 (2024: £57,661).

#### 11. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.

#### 12. Directors' transaction

| 2025
| £
Opening balance | 30,788
Amounts advanced | 11,901
Interest charged | 0
Amounts repaid | 0
| 42,689

Interest is charged at 2%.