13. Creditors: amounts falling due after more than one year
| 2022 | 2021 | |
| £000 | £000 | |
| Balance at 1 April | 1,506 | 1,987 |
| Reserve built up during the year | ||
| Rent increase accrual | (29) | (28) |
| Reserve released during the year | (453) | (453) |
| Balance at 31 March | 1,024 | 1,506 |
| Split of rent reserve: | ||
| Reserve reversing in one year | 482 | 482 |
| Current obligations | 482 | 482 |
| Reserve reversing within two to five years | 542 | 1,024 |
| Reserve reversing more than five years | - | - |
| Non-current obligations | 542 | 1,024 |
| Total | 1,024 | 1,506 |
The lease on 25 Canada Square in Canary Wharf is for 15 years with a lessee-only break-clause after 10 years. The GPhC has benefitted from a capital contribution of £4.4m, by way of landlord incentive, towards the fitting-out of the premises. This and other incentives are being spread over the ten-year lease period to offset the annual rental costs.
Dilapidation
1,652 1,679
Deferred tax liability
199 114
2022 2021
£000 £000
1,851 1,793
Following review of the lease for 25 Canada Square and after taking professional advice, the GPhC has a provision for dilapidation. The potential liability has arisen as a result of the original fit-out of the office in 2014.
The deferred tax liability comprises potential capital gains tax on investments.