The brothers behind the failed Lapland New Forest theme park will not be pursued for £200,000 of missing cash.

Accountants have told creditors owed £1.2 million that it makes no financial sense to pursue director Victor Mears and his brother Henry for money which remains unaccounted for following the liquidation of the company.

They have also dropped the idea of making a claim against the site’s landlord, Frederick Nash, for £148,000 he received in rent.

David Young, of liquidator Grant Thornton, told The Argus no creditors – including hundreds of ticketholders – got their money back.

He said: “No-one got a penny – not even us.”

The brothers were convicted in February of misleading customers at the site at Matcham’s Leisure Park in Dorset, which collapsed in December 2008.

Visitors had said the park was shoddy and did not live up to its advertising or £30 a ticket price tag.

Victor, of Selsfield Drive, Brighton, and Henry, of Coombe Road, Brighton, were jailed for 13 months in March.

Grant Thornton held a final creditors’ meeting to report on the investigation into the company. The official statement on the creditors’ final meeting from Grant Thornton said: “Further investigation into the financial status of the director and his brother determined that it would not be commercially viable to pursue and enforce individual claims against them.

“The liquidation committee, with the consent of the joint liquidators, resolved not to pursue the landlord, as any settlement was unlikely to be in the creditors’ financial interest.”

Card payment processor Streamline, which paid out £682,000 in refunds, was left the major creditor, owed £277,910.

Hundreds of individual ticketholders were also owed money, with some Sussex customers claiming £450.

The process of unpicking the company’s accounts was complicated by the use of cash for most payments.

Grant Thornton concluded it was not worth pursuing the brothers for the £200,000 which remained unaccounted for.

Mr Young said: “They could have been held personally liable for those transactions that couldn’t be evidenced, but, with them as far as I’m aware not having any valued assets to recover, it wasn’t economical to pursue that.

“It is money that passed through the company’s bank account but was not in their pocket as such.”

Mr Young said attempting to recover £150,000 paid to Mr Nash was not economical either because if a court case was contested legal costs would eat up any award.

Mr Nash has previously told The Argus the money was paid for a year’s rent because the Mears planned to run the park as a long-term concern.

The brothers have been g ranted leave to appeal their criminal convictions because a juror was found at the end of the trial to have been swapping text messages about the case with her fiancé in the public gallery. Irene Poole, 69, was fined £250.

No date has yet been set for the brothers’ Court of Appeal hearing.

Henry Mears is due to appear at Bristol Crown Court on July 11 accused of threatening a prosecution barrister at the beginning of the trial.