It is true. Section 170 of the Road Traffic Act 1988 applies only to the driver of "mechanically propelled vehicles". A bicycle is not legally a mechanically propelled vehicle.
OK, go to the police claiming that someone on a bicycle has run you over and cleared off without asking if you were ok. Let them sort it out.
Obviously I understand that most likely they won't bother as the chances of them getting anything out of it are slim, but it's possible you could get lucky.
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