A Muslim convert has pleaded guilty to plotting to kill around 100 people outside a Disney store on London's Oxford Street.
Lewis Ludlow, 26, swore allegiance to Islamic State as he prepared to drive a van through London's shopping area or near Madame Tussauds.
Using a false name, between 15 March and 19 April he bought a mobile phone and wrote down his plans to carry out an attack - the plans were later found torn in pieces in a bin.
He picked out Oxford Street as an "ideal target" and wrote: "It is expected nearly 100 could be killed in the attack."
Ludlow, of Rochester, in Kent, planned an attack after being stopped by police at Heathrow airport in February as he tried to board a flight to the Philippines.
He was due to go on trial in the autumn on two charges of preparing acts of terrorism and one of terror funding but at a hearing before Judge Nicholas Hilliard QC at the Old Bailey on Friday, he pleaded guilty to plotting an attack in the UK and funding IS abroad.
Ludlow is alleged to have set up a Facebook account called Antique Collections as a front to send money to Asia to fund terrorism.
Mark Heywood QC, prosecuting, said it was not be in the public interest to pursue a trial on a charge of attempting to join IS in the Philippines which Ludlow denied and that charge will lie on the court file.
The prosecution summary said Ludlow first came to the attention of police in 2010 when he attended a demonstration led by radical preach Anjem Choudary and his banned Al-Muhajiroun (ALM) group.
He was arrested in 2015 and IS material was recovered from his electronic devices but police took no further action.
In January he bought a ticket to fly to the Philippines on February 3 this year and was stopped at the airport and his passport was seized.
He told police he was going to the country as a sex tourist.
But officers searching his home found he was in communication with a man named Abu Yaqeen in an area with major IS presence.
Ludlow sent him money in March through PayPal and created the Facebook account Antique Collections.
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This is just part and parcel of taking your child out toy shopping.