| 2017 £m | 2016 £m |
Minimum lease payments under operating leases recognised as an expense | 0.3 | 0.3 |
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:
| 2017 £m | 2016 £m |
Within one year | 0.2 | 0.4 |
In the second to fifth years inclusive | 0.1 | 0.3 |
| 0.3 | 0.7 |
Operating lease payments represent rentals payable by the Company for its land and buildings and motor vehicles.