Sample SPECIMEN. Audit Information for. Property Companies. (ISA 500 & 550 compliance)

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www.landsearch.net www.landsearch.net Scotland Sample Audit Information for Contents: Property Companies (ISA 500 & 550 compliance) Title Register, Burdens and Title Plan List of Sales during the last 6 months for each respective Property Quarterly Official Property Statistics Inhibition Search Auditor Information Guide for Property Companies (page 2 shown) UK Land Registry Services One or more of the enclosed conveyancing searches may be subject to Crown Copyright, and may not be copied, reproduced or redistributed without permission of the Crown.

Registers Direct Land Register: View Title ARG13902 Date: 05/03/2012 Time: 09:28:31 Search No.: 2012 00685403 User Reference: Sasine Search Sheet: 2226 & 9534 A. PROPERTY SECTION Title Number: ARG13902 Date of First Registration: 15/08/2007 Date Title Sheet Date Land Certificate 15/08/2007 15/08/2007 updated to: updated to: Hectarage Code: 0 Interest: TENANT Map Reference: NR6708/NR6808 Description: Subjects at HIGH KEIL,, tinted pink on the Title Plan; Together with the rights as specified in Part 1 of the Schedule to the Lease in Entry 1 of the Burdens Section. Short Particulars of the Lease under which the above subjects are held Parties James Cameron Barber to National Grid Wireless Limited Date of Recording or Registration Land Register 15/08/2007 Term 21 years from 1 Apr. 2007 This is a Quick Copy which reflects the position at the date the Title Sheet was last updated. It does not have the evidential status of an Office Copy. Title Number: B. PROPRIETORSHIP SECTION ARG13902 Entry Number Date of Registration 1 15/08/2007 Proprietor NATIONAL GRID WIRELESS LIMITED a Company incorporated under the Companies Acts, (Company Number 3196207), Consideration Rent: 1700 per annum or such other sum as may from time to time become payable under the provisions of Part 2 of the Schedule to Date of Entry 01/04/2007

and having its Registered Office at Wireless House Warwick Technology Park, Heathcote Lane, Warwick, CV34 6DD. the Lease specified in Entry 1 of the Burdens Section This is a Quick Copy which reflects the position at the date the Title Sheet was last updated. It does not have the evidential status of an Office Copy. C. CHARGES SECTION Title Number: ARG13902 There are no entries. This is a Quick Copy which reflects the position at the date the Title Sheet was last updated. It does not have the evidential status of an Office Copy. D. BURDENS SECTION Title Number: ARG13902 Number of Burdens: 1 Entry Burden Preamble Number 1 Lease by James Cameron Barbour to National Grid Wireless Limited, registered 15 Aug. 2007 of the subjects in this Title, contains the following rights, conditions and burdens Copy in Certificate. Note 1 Entry Burden Detail Number 1 Lease by James Cameron Barbour to National Grid Wireless Limited, registered 15 Aug. 2007 of the subjects in this Title, contains the following rights, conditions and burdens Copy in Certificate. Note 1: The access coloured brown on the deed plan has been tinted brown on the Title Plan. Note 2: The point marked X on the deed plan has been lettered X in blue on the Title Plan. Note 3: The foregoing Lease was executed after 1 September 1974 and is subject to the provisions of Part II of the Land Tenure Reform (Scotland) Act 1974. This is a Quick Copy which reflects the position at the date the Title Sheet was last updated. It does not have the evidential status of an Office Copy. This is an electronic Watermarked Copy

ÔßÒÜ Î ÛÙ Í Ì ÛÎ ÑÚ ÍÝ ÑÌÔßÒÜ Ò Ñºº ½» ù- Ü ñü» ÑÎ ÜÒßÒÝÛ Í ËÎ ÊÛÇ ÒßÌ ÑÒßÔ ÙÎ Ü Î ÛÚÛÎ ÛÒÝÛ ÒÎêéðé ÒÎêéðè ÒÎêèðè ÒÎêðÒÛ çççë íð ñêñîð ïð Ì Ì ÔÛÒËÓÞÛÎ ßÎÙïíçðî Í «ª» Í ½» CROWN COPYRIGHT Ý Produced from REGISTERS DIRECT on 05/03/2012 at 09:29 with the authority of Ordnance Survey pursuant to section 47 of the Copyright, Designs and Patents ï ì ð³ ï ñî ëðð Act 1988. Unless that act provides a relevant exception to copyright, the copy must not be copied without the prior permission of the copyright owner. This copy has no evidential status. OS Licence No. 100020543.

Registers Direct Information Services: Property Price Search Results List This search is not covered by the Keeper's indemnity. This copy does not have any evidential status. User ID: carkat92 User Reference: Date Time: 05/03/2012 09:45:42 Search No. 2012 00685892 Search Criteria: COUNTY=Argyll; POSTCODE=PA28 6; FROM=SEPTEMBER 2011; TO=MARCH 2012 Found 59 results Search Results Property Address BARRMAINS COTTAGE BELLOCHANTUY PA28 6QE PUTECHAN LODGE HOTEL BELLOCHANTUY PA286QE CALA FIONN CARRADALE PA28 6QX 3 GROGPORT CARRADALE PA28 6QL ASHGROVE KILWHIPNACH PA28 6RJ Date Of Application Date Of Registration Consideration 15/02/2012 62000.00 07/10/2011 145000.00 24/01/2012 150000.00 MACHRIHANISH CARAVAN PARK MACHRIHANISH PA286PT 01/12/2011 122237 07/10/2011 110000 25/10/2011 240000.00

DUNCANIN PENINVER PA28 6QP THE POST OFFICE PENINVER PA286QP 13 SEALAND PENINVER PA28 6QP AMOD FARM PA28 6RN AMOD FARM PA28 6RN ARGYLL ARMS HOTEL PA286RP BRECKLATE FARMHOUSE PA286PJ CNOC BAN PA286RQ COULINLONGART FARM PA28 6RN MACHARIOCH COTTAGE PA28 6RF 12 BAROCHAN PLACE ARGYLL STREET PA28 6AX 51 CASTLEACRES PA286SJ 6 CASTLEPARK PA286LD 24/10/2011 138000 09/12/2011 107000 15/02/2012 67500.00 05/12/2011 61500.00 05/12/2011 8000.00 28/09/2011 135000.00 23/12/2011 272500 05/10/2011 108000 23/01/2012 80000 01/02/2012 110000.00 83 CROSSHILL AVENUE PA286LJ 31/01/2012 85000.00 14/09/2011 127000 18/10/2011 43500.00 14/10/2011 60000

Registers Direct Judicial Register: Inhibition Name Search Results User ID: earhat92 User Reference: e Date Time: 24/03/2010 11:54:04 Search No. 2010 057447922 Search Criteria: NAME1= ALICE JONES, FROM=20 MARCH 2005 TO=24 MARCH 2010 Search Reference: earh Found 2 results Search Results Minute Number 10845523 10920662 The Register of Inhibitions is current to date 19/03/2010 Deed Type Name Address Letters of Inhibition [decree] Discharge of Inhibition ALICE JONES ALICE JONES This is an electronic Watermarked Copy 22 Johnson Drive, Carronshore, Falkirk, Stirlingshire 22 Johnson Drive, Carronshore, Falkirk, Stirlingshire

Disclosure Print Search Reference: afebers REGISTERS OF SCOTLAND SEARCH IN THE REGISTER OF INHIBITIONS AND ADJUDICATIONS AGAINST 1. JONES ALICE From: 24 MARCH 2005 00:00:00 To: 19 MARCH 2010 User ID: carkat92 User Reference: afebers Date Time: 22/03/2010 11:53:04 Search No.: 2010-057447922 Minute Number: 10845523 Date of Minute: 17/12/2008 Minute Details: Minute Number: 10920662 Date of Minute: 05/06/2009 Minute Details: Letters of Inhib. [on decree] 1st Credit Finance Limited ; against ALICE JONES, 22 Johnson Drive, Carronshore, Falkirk, Stirlingshire. Per Euan Nelson, Registers of Scotland. Disch. by 1st Credit Finance Limited ; of Inhib. (registered 17 Dec 2008 ) against ALICE JONES, 22 Johnson Drive, Carronshore, Falkirk, Stirlingshire. Per J McNamara, Registers of Scotland. Searched the Register of Inhibitions and Adjudications and found as above. Depute Keeper This is an electronic Watermarked Copy

Audit Information for Property Companies (ISA 500 and 550 compliance) Contents IntroductionTitle Register and Burdens Relevant Law Statutory Contents Section A - Property section Section B - Proprietorship section Section C - Charges section Section D - Burdens section Title Plan Property Boundaries General Boundaries Scale and North Point INTRODUCTION ISA Regulations 500 and 550 require auditors involved in property company audits to demonstrate compliance by obtaining documentary evidence to: establish ownership by the company of its property assets establish any third party rights establish the current and past value of the properties Determine whether those values are likely to rise or fall Check that the company s solvency is not fettered Our Auditor search provides all the above information, and consists of the following documents, for each property: The Land Registry Title Register. This proves current ownership and reveals Coloured Tints OS Positional Accuracy T and H Marks Other Data on the Plan Housing Density Quarterly Official Property Statistics Insolvency Search Introduction Inhibitions Register Content of Register Disclosure Prints any third party rights, e.g. mortgages and other financial charges. It also shows the purchase price of the property, and any bankruptcy petitions or orders are also revealed. A list of sale prices during the last 2 years for the postcode area of each property. This provides current and recent past valuation comparisons. Land Registry House Price Index Report for the last quarter. Inhibitions Search against the company, w h i c h confirms the c o m p a n y s c u r r e n t solvency status.! Copyright 2011 UKLRS! 2