Section 1 of 4:-
House Purchases At Tod Head Lighthouse Station
Source of Funds ~ Summary
Bona Fides & Financial Credentials
The Source-of-Funds to purchase Flat-3 at Tod Head Lighthouse Station, Montrose, DD10 0TH for £99,000 came directly from the sale of the Noss Head Lighthouse Station buildings by Wick, KW1 4QT. This page contains the audit-trail and Source-of-Funds documentation. Both for the very recent Noss Head sale fund transfer to Hay Cassels Solicitors and onwards to the limited companies. Then from the limited companies to repay loan funds back to Russ McLean and David Rutherford. Thereafter a penultimate transfer of the funds belonging to Russ McLean and David Rutherford back to Hay Cassels solicitors to purchase a final home for Russ McLean (Flat-3). Plus assist in purchasing an adjacent home for a family member Paul Rutherford (Flat-2) to assist with disability issues.
^^ Tod Head Lighthouse Station ^^
Flat-3 Is 2-Storey As May Require A Lift
After The Spinal Surgery: Here
For completeness, in Sections 3 and 4 on this page includes a comprehensive set of documentation and in case it is required, the original source-of-funds audit-trail to ensure the fullest account can be documented at this time.
Example
^^ Example of Source Documents ^^
£99,000 From Here Repaid To Russ McLean
Thereafter Deployed To Purchase Flat-3
At Tod Head Lighthouse Station.
Paper equivalents to these online banking excerpts can be ordered from the company bank if so required. These can be signed and dated by the company directors and delivered to the company solicitors for the source-of-funds audit-trail. It will become apparent in the second and third segment of this page that there are al lot of real-world online excerpts to be ordered up in paper-format. This may take a two to four weeks to ingather.
SUMMARY: In May 1987, following spinal injury whilst on duty in his employment at Strathclyde Police (here) and repeated injury at four other incidents, Russ McLean’s career as a police officer ended prematurely after just 5 years service. Culminating in the first of a series of spinal surgeries (here). This injury triggered a change in career. He was due to have a third bout of spinal surgery in April 2020, but the pandemic hit the UK several weeks earlier causing the surgery to be postponed. This disability (along with a stroke and imminent heart surgery) are the reason for selling the far northern Noss Head Lighthouse Station (6~hour trip) and buying the Tod Head Lighthouse home (1~hour drive) from the family home in Carnoustie.
^^ Noss Head Lighthouse Home ^^
A 12 Hour Round Trip Journey Family in Carnoustie
Disability Has Ended An Ability To Travel Long Distances.
The funds from the sale of the distant, north-coast Noss Head Lighthouse Station sale have been delivered to the company solicitors, Hay Cassels. These were then returned to the relevant limited companies. Those companies were financed from Russ McLean’s police service pension + superannuation + disability injury payment + sale of his sole or main residence since 1989 onwards. Now, 35 years later and 6 weeks in advance of his retirement on 23rd May 2024 (age 65), it is appropriate for the companies to return the funds it owes to Russ McLean. The funds he LENT to the limited companies have provided immeasurable relief at not wasting a life indolent through disability. It has been an active and useful life in spite of disability. The funds were instrumental in renovating at least 48 buildings and creating 203 new jobs. The companies operate on a not-for-profit basis, so no dividend, nor interest has ever been rendered. This is the same principal as for the two registered charities established from our main office premises.
The limited company funds are all ringfenced and the outstanding amounts owed to the two directors are scheduled to be repaid by the companies. Initially Russ McLean at, or just before his retirement age (65 years old on 23rd May 2024). A tranche of these funds is being deployed to buy a replacement home at Tod Head Lighthouse Station for £99,000 and a second £99,000 to assist a family member to live nearby during the imminent triumvirate of surgeries overdue from the pandemic lockdowns.
The new home will be at Flat-3, Tod Head Lighthouse Station…
^^ Tod Head Lighthouse Home ^^
This is a 1~Hour Drive From Family in Carnoustie
Also, A Family Member Will Be Living Next Door
At Tod Head. This Is Important Given
The Rehabilitation Required After Spinal Surgery.
The difference in distances and logistical problems that are imminent following surgery can be seen when viewing the locations of both homes. The former at Noss Head Lighthouse Station in the far-north and the new home, which is much closer to family: Tod Head Lighthouse Station…
^^ Tod Head is Much Nearer To The Family Home in Carnoustie ^^
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Section 2 of 4:-
Source of Funds
House Purchases At Tod Head Lighthouse Station
Bank & Land Registry Documents
Sections 3 and 4 have the historic origination regarding Source-of-Funds. However, we have uploaded the more recent documents to this Section 2 as the purchase of Flat-2 and Flat-3 is almost upon us and the documents are important in providing the requisite comforts to the company solicitor: to prove that the funds originate from a legitimate source. In this instance, that source is impeccable. The funds originate from Hay Cassels solicitors…
Source of Funds
Sale of Noss Head Keeper’s Cabin
Audit Trail of £100,021.86
^^ £100,021.86 From Hay Cassels ^^
To The Account of Noss Head Lighthouse Station Ltd
Source of Funds: On 7th December 2023, Hay Cassels solicitors transferred the sale funds of £100,021.86 relating to part of the sale funds from buildings sold at Noss Head Lighthouse Station. This £100,021.86 related to the sale of the Keeper’s Cabin…
^^ £100,021.86 From Hay Cassels ^^
Corroborative Official Source: Click Here
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Source of Funds
Sale of Noss Head Road Land & Buildings
Audit Trail of £32,570
Also on the Santander Statement for: “Noss Head Lighthouse Station Ltd” above is an inbound credit of £32,570.00 from “Lindsays Solicitors” to the sale of our the Road + Car Park + Land (adjacent to the Engine House).
Lindsays Solicitors are the firm that our shareholder Robert Clifford retains. Rob Clifford is being trained to take over the directorships once Russ McLean retires. Hence the services of a firm of solicitors other than Hay Cassels in the first time since 1997 when Hay Cassels and our companies worked together year after year.
For the sake of good form, here is the documentary detail of the £32,570 to corroborate from where the £32,570 funds came…
^^ Sale of Residual Noss Head Private Road + Carpark + Land ^^
Bought By The Engine House Purchaser
& Both Titles Joined Back Together
^^ Source of Funds: £32,570 ^^
^^ Sale of Residual Noss Head Private Road + Carpark + Land ^^
Bought By The Engine House Purchaser
& Both Titles Joined Back Together
Corroborative Official Source: Click Here
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Further funds of £120,000 were due from the sale of our Noss Head Lighthouse Engine House.
=> HALF of these net funds were due to: Scotslion Ltd.
=> HALF of these net funds were due to: Unique Property Bulletin Ltd.
Below are the two corroborative bank statements detailing the £59,630.30 (NET amount from the £60,000 deposited into Scotslion Ltd., bank account.
^^ £59,630.30 (NET amount from the £60,000) ^^
Deposited Into The Scotslion Ltd., Bank Account.
and…
^^ £59,630.30 (NET amount from the £60,000) ^^
Deposited Into The Unique Property Bulletin Ltd., Bank Account.
For the sake of good form, here is the corroborative statement from Lindsays Solicitors evidencing the funds from the sale of the Engine House. After the £120,000 (£60,000 gross due to the two companies we own and detailed in the two bank statements above, The balancing £20,000 was paid to Rob Clifford as his share of the proceeds.
Here is the statement of account from Lindsays Solicitors as instructed by Rob Clifford…
^^ £120,000 of This Paid as Follows ^^
=> HALF of these net funds were due to: Scotslion Ltd.
=> HALF of these net funds were due to: Unique Property Bulletin Ltd.
Being £60,000 (gross) to each company. Equating to £59,630.30 (net).
^^ Engine House Sold ^^
2 x £60,000 (£120,000 gross) Paid To Our Companies.
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Source of Funds
Audit Trail Totals
Paid To Noss Head Lighthouse Station Ltd
Private Road + Carpark + Land: £32,570
Keeper’s Cabin: £100,021.86
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Paid To Scotslion Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Share of Engine House Sale: £59,630.30
Paid To Unique Property Bulletin Ltd
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Share of Engine House Sale: £59,630.30
Total Funds Ingathered & Funds Sourced + Corroborated
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Grand Total: £251,851.95
As was quite properly noted by wise counsel, these ingathered funds are held and owned by our companies. The total of these tranches of audit-trailed funds is…
£251,851.95
During the past 30 years, Russ McLean and avid Rutherford have LENT these companies as per the official accounts filed with Companies House and for convenience to review, narrated in the excerpts below, the sum of…=> Lent to: Noss Head Lighthouse Station Ltd ~£170,000 (of £179,253). => Lent to: Scotslion Ltd. ~ £250,000 (of £300,000). => Lent to: Unique Property Bulletin Ltd. ~ £255,950 (of £305,950)
The current total LENT by the Directors to the three Companies on this list is…
£675,950.00
Consequently, Russ McLean and David Rutherford will be withdrawing…
Plus a tertiary withdrawal from their audit-trail funds to pay for…=> Two tranches of £99,000, totalling £198,000 from funds they have lent to their three companies over the past 30 years and transferring this to Hay Cassels solicitors so that they are “in funds” for the imminent purchase of Flat-2 an Flat-3 at Tod Head lighthouse Station.
=> Legal Fees + Disbursements. => Property Purchase taxes. => Buildings Insurance.
We trust the aforementioned narrates and corroborates the Source of Funds.
To balance that, here are the accounts for each of the three limited companies, along with details of the original Source-of-Funds from when Russ McLean LENT his pension + superannuation + disability injury funds to his limited companies 30 years ago…
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Section 3 of 4:-
House Purchases At Tod Head Lighthouse Station
Source of Funds: Historic Detail
Company Accounts &
Pension + Disability Injury Funds + Earlier Home Sale Funds
Loaned By Directors To The Companies
Russ McLean is retiring on the 23rd May 2024 (aged 65 years old). Consequently, it is time for the limited companies to repay some of the pension/superannuation block funds back to him (audit-trail details below). £99,000 of which is to be deployed in purchasing Flat-3 at Tod Head Lighthouse Station. This is where Russ will be retiring to and will be his permanent and likely final home.
Plus adjacent will be a family member, Paul Rutherford, who shall be assisting Russ during post operative recovery will be living next door. Hence the reciprocal assistance in helping the family member purchase their own home: Flat-2.
First we detail the Company Accounts and relevant Loan Repayment forms from the three Companies back TO the Directors…
Noss Head Lighthouse Station Ltd.
Repaying Part of Its Debt: Flat-3
^^ The Directors Have Lent £170,000 ^^
^^ Of Their Own Pension Funds ^^
^^ To Noss Head Lighthouse Station Ltd ^^
Above is The Financial Instrument
Repaying £99,000 To Help Purchase
Flat-3 at Tod Head Lighthouse Station
As At 8th & 9th April 2024.
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Scotslion Ltd.
Repaying Part of Its Debt: Flat-2
^^ The Directors Have Lent £250,000 ^^
^^ Of Their Own Pension Funds ^^
^^ To Scotslion Ltd ^^
Above is The Financial Instrument
Repaying £49,000 To Help Purchase
Flat-2 at Tod Head Lighthouse Station
As At 8th & 9th April 2024.
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Noss Head Lighthouse Station Ltd.
Repaying Part of Its Debt: Flat-2
The Directors Have Lent £170,000 ^^
^^ Of Their Own Pension Funds ^^
^^ To Noss Head Lighthouse Station Ltd ^^
Above is The Financial Instrument
Repaying £36,000 To Help Purchase
Flat-2 at Tod Head Lighthouse Station
As At 8th & 9th April 2024.
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Unique Property Bulletin Ltd.
Repaying Part of Its Debt: Flat-2
^^ The Directors Have Lent £255,950 ^^
^^ Of Their Own Pension Funds ^^
^^ To Unique Property Bulletin Ltd ^^
Above is The Financial Instrument
Repaying £14,000 To Help Purchase
Flat-2 at Tod Head Lighthouse Station
As At 8th & 9th April 2024.
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Santander Bank Account Coding
To Assist With Online Account Audit
& Maintaining Security Against Hackers
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Section 4 of 4:-
House Purchases At Tod Head Lighthouse Station
Source of Funds: Full Audit Trail
Historic Origination of Funds
In 1987 and 1988 our first company director, Russell McLean LENT his limited companies’ sufficient start-up funds in 1989 from his police pension and sale of his first home to enable their financial viability.
In 1994 the founding director sold his first home near to London and LENT half of surplus/equity to enable the company to become a plc (public limited company). The other half of the surplus funds were deployed in the purchase of Business Expansion Scheme plc shares in the newly reorganised Unique Property plc.
In 1994 the founding director had moved homes to the curtilage of the M25 near London. After three years there, he sold his home and returned to Scotland. There had been a substantial uplift in London property prices and the founding director was able to move back to Argyll and buy his third home without the need of a mortgage and still have hundreds of thousands of pounds to LEND the limited companies. Sadly he had lost a friend to debt-suicide whilst in London. Rather than just warm words to his widow, a support organisation was formed.
This is relevant as it provides the logic as to why neither our founding director, nor any of our companies has ever gone near a mortgage ever since working in London. For the sake of good form, here is the official excerpt of that organisation established in 1996 and we ran it for just over 10 years…
Original & Possible Re-Registration of Organisation
Source: Click Here
We managed 10 years. It was not diagnosed at that time, but the director had PTSD as a police officer and there were issues that had d been exacerbated by the conduct of the banks (two suicides by firearm during police service). During the course of the charity’s life, the Chancellor of the Exchequer gave us two personal assurance (i) to place “financial literacy” onto school curricula, and (ii) that “boom and bust” had ended. The first was honoured and is still ongoing (here). The second was a mantra issued every year (here). Given the credentials of one of the great office s of State, we took the author of these words as honest and, after 10 years efforts, we brought the charity to a close 2006.
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Historic Source of Funds
Focussing back onto the historic Source of funds, now, just 6 weeks until his retirement (at 65 years of age), the time has come for the limited companies to RETURN the money lent to them. Hence this £99,000 + £99,000 return of funds to buy a home for retirement and help a family member buy a home next door as the director is disabled and awaiting further spinal surgery.
^^ Aerial Drone Video ^^
Tod Head Lighthouse Station ^^
Following an accident in April 2019 which caused a stroke (evidence: here and here), Russ McLean can no longer drive 5 to 6 hour journey from the family home in Carnoustie to the Noss Head Lighthouse Station. Fortunately, the much closer Tod Head equivalent style of building in Montrose is only a 1~hour drive an relatively easy to travel the family home to Tod Head Lighthouse Station…
The funds from the sale of the various Noss Head Lighthouse buildings at the far northern town of Wick, Caithness have been steadily paid into the Client Account at Hay Cassels solicitors for the respective holding/owning company: Noss Head Lighthouse Station Ltd. In line with Law Society rules, these funds were transferred from the solicitor client account to the Noss Head Lighthouse Station Ltd., bank account at Santander Bank where they have resided ever since.
=> This Source-of-Fund page has the audit trail for specific and recent funds that will form the purchase price to buy Flat’s2 and Flat-3 at Tod Head Lighthouse Station for £99,000 each. Crucially these funds will be returned to Hay Cassels as part of the repatriation of original funds that our directors’ have LENT to the various limited companies since 1997.
Because none of the limited companies directed by Russ McLean and David Rutherford borrow from banks, nor have any mortgage, the funds to operate have been LENT TO the companies BY the directors as per the official accounts filed with Companies House as per the final segment of Section “3” above.
The historic Source-of-Funds since 1997 have been from Russ McLean and David Rutherford. Both directors have LENT money to the limited companies to enable properties to be renovated and jobs to be created.
Russ McLean became disabled after five years service as a police officer (here + here + here).
He went on to work at sea, but the spinal injury persisted. So he worked shoreside as a harbourmaster. In addition he began project managing an effort to bring 30% of the closed shops in his local High Street back to life (vocation: here).
The injuries sustained as a result of police service and subsequent injury when he was hit on the head by a 5,000 ton ferry (here) and…
Following the first spinal surgery (L5/S1), a change in career was required. This resulted in good luck which has ensured the ability to work as opposed to reside on State benefits. It is a great comfort that over 38 buildings have been renovated and 203 jobs created. Ironically by a disabled person who is relatively unemployable due to injury and disability.
Original Historic
Source of Funds #1 – Police Pension & Superannuation
The funding for the property renovations originally came from banks, but following the debt-suicide of a friend in 1996 two things resulted:1]. A Money Advice Charity was formed to reduce the horrendous debt-suicide problem in the UK (click here).
2]. We vowed not to borrow money off of banks again.
In order to bring his local High Street back to life again our first director cashed-in his Strathclyde Police pension and superannuation from when he worked as a police officer. This was the original, historic Source-of-Funds (here).
=> This pension and superannuation money was LENT to one of our original limited companies.
An unusual thing happened. The shop purchase/renovation/re-opening initiative worked very well that it became borderline addictive. So…
Original Historic
Source of Funds #2 – Sale of First Home
This was a derelict property and when it came to be sold in 2003 following a move to work in London, the very modest value had tripled to a (still modest) £54,000.
The local High Street in Campbeltown was so dire, that shops were selling, at the 1999 to 2009 period for between £3,000 and £8,000. Each shop took between £1,000 and £3,000 to renovate. Each shop produced between one and three new jobs.
=> In 2003 Russ McLean LENT the surplus from the sale of his first home by Campbeltown, Argyll to the limited companies: £54,000 (here)…
^^ East Drumlemble Cottage ^^
By Campbeltown, Argyll, PA28 6PN
There was a passion about this re-opening shops. In the 25 years doing this, not one shop has gone back to dereliction or closure. Not one of the ringfenced limited companies has been forced to close (we do close some companies, but none have become insolvent – it is just that it became inefficient to have a dedicated limited company for each shop when there were upwards of 20 hops at any one point in time).
Original Historic
Source of Funds #3 – Sale of Second & Subsequent Homes
The shop purchase/renovation/re-opening initiative became such a passion, that Russ McLean directed the companies to buy more empty/closed shops and throughout the quarter centaury, 6 shut-down hotels too.
=> The bulk of the surplus from the sale of Russ McLean’s house in Felixstowe was LENT to the limited companies n the south east and LEND the funds from that sale of his home to the limited company…
^^ Rightmove Details of Russ McLean’s Home ^^
During His Working Time In London
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Original Historic
Source of Funds #4 – Service As A Retained Firefighter
By 1999 David Rutherford had joined Strathclyde Fire Brigade as a Retained Firefighter in addition to his regular employment. He marshalled the secondary vocational funds wisely.
As with many firefighters, David has significant amounts of spare time on his hands. He enjoyed (and still enjoys) seeing closed-down, near-derelict shells of property become fully renovated and newstart business within these buildings create jobs for local folk.
=> David became a director of the various limited companies and he too developed an interest in saving his money via LENDING sums he had saved to the limited companies.
By 2012 David had become a full-time Firefighter with Dundee Airport/HIAL Fire Service in addition to his vocational employment as a Retained Firefighter.
=> The duration of Retained Firefighter service and funds from this that David put into creating jobs bringing the High Street back to life are being worked out with the various fire service HR departments. Lest there be any doubt as to the longevity, click here to see one service award. The dust is not meant as disrespect. It is just that David values creating jobs rather than polishing metal discs!
It is a bone of contention that David left the fire service just 5 months shy of his 20 year award. It says a lot that David is not interested in these awards. He left the fire service to work on bringing this building back from dereliction and creating 16 new jobs.
From This High Street Ruin…
To This Fully Renovated Business Startup Centre…
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^^ Abbey Studios, Arbroath ^^
David Project Managed This Entire Rebuild
All of this building restored in the middle of the pandemic too (including Covid-Safe offices for disabled folk with underlying health issues.
Abbey Studios Details
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Original Historic
Source of Funds #5 – Personal Injury Award
In addition to cashing in police pension and superannuation funds way back in the late 1980s, (here), there have been two significant personal injury awards. These are subject to non-disclosure agreements. So details of the amounts are treated with discretion. .