2015
£m
2014
£m
Minimum lease payments under operating leases recognised as an expense0.30.4

At the balance sheet date, the Company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2015
£m
2014
£m
Within one year0.40.3
In the second to fifth years inclusive0.40.7
0.81.0

Operating lease payments represent rentals payable by the Company for its land and buildings and motor vehicles.