The Crown Estate, whose profits are linked to the monarch's income, owns a property portfolio including Regent Street, Windsor Great Park.

It also manages the UK's coastal waters.

The Queen is poised to receive a 5% income boost after the Crown Estate announced a record profit of 253m pounds.

Profits were up 5.2% on last year, a welcome boost for the public accounts, as all Crown Estate profits flow into Treasury coffers.

The Sovereign Grant will rise next year from 36.1m pounds to 37.9m pounds.

The Crown Estate, created in 1760 when George III handed over the management of the country's lands and coastal waters to parliament, has returned more than 2bn pounds to the Treasury over the past decade.

With urban properties worth 5.9bn pounds, the estate has benefited from having prime locations, where high-end shops have defied the recession.

As well as Regent Street, these include St James's in the West End, which will benefit from a 500m pounds redevelopment plan over the next decade to brighten up shops and offices.

The estate owns 15 retail parks across the country, including sites in Liverpool, Swansea and Nottingham.

"Today's results are a ringing endorsement of the quality of our portfolio, our active asset management and our highly skilled team." said Alison Nimmo, chief executive of the Crown Estate. Thank you.