CopperCyclist
Veteran
I have and will continue to stress to the police that I don't want further action taken on this.
Don't worry yourself so much on this front. Once you've told us you don't want I going further, it won't be in these circumstances. Without you being willing to go to court, we technically have no evidence, so even if the bobby wanted it to, it wouldn't. I'd be surprised if it wasn't already filed!
The bonus of reporting, as Gaz mentioned, is that if he later decides not to reimburse you after finding out not every bike costs sixty quid from Tesco, you can recontact the police for those insurance details.
It also means that we have to check whether he is licenced and insured before we can file it, which is always a good thing.