Crossword Genius

The Admiralty is not in this street (5)

Ross

I believe the answer is:

fleet

I'm a little stuck... Click here to teach me more about this clue!

'this street' is the definition.
(Fleet Street is an example)

'the admiralty is not' is the wordplay.
I cannot really understand how this works, but
'the' could be 't' (the is pronounced as a 't' sound in some dialects) and 't' is found in the answer.
The remaining letters 'flee' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

'in' acts as a link.

Can you help me to learn more?

(Other definitions for fleet that I've seen before include "Swift like navy" , "task force" , "Fast kind of armada?" , "Swift; armada" , "Navy - quick" .)

I've seen this clue in the Evening Standard.
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