An old Record smoothing plane no. 04 1/2 SS with Record cutter.
For general info about this tool, please see the FindMyTool.co.uk Record 04 1/2 SS plane review.
Condition: all parts move freely, the cutting edge has been ground slightly at an angle which can be offset with the lateral adjuster (or needs regrinding/new cutter - reflected in the price), please see photos for condition.