We have concepts such as "ship of theseus" or "house of theseus" that name actual things in the world. The concept corresponds to the thing in the world. The concept is defined in terms of the thing in the world. But we do not have complete definitions for most words we use to talk about the world; our concepts break down at the borders.
So, there is a "ship of theseus" in the world, and we define "the presence of a ship of theseus in the world," to be a condition whereby part of the world is arranged in a certain way that matches our (fuzzy, only-partially-defined) concept. This is what it means for there to be a ship of theseus in the world.
Note that "the presence of a ship of theseus in the world" is different from "the concept of the presence of a ship of theseus in the world"; the first one depends on conditions in the world, and the second is abstract or in the mind. In the ship of theseus problem, "the presence of a ship of theseus in the world" is poorly defined because "the concept of the presence of a ship of theseus in the world" is poorly defined, but they are still not the same thing.