Yes, I stand corrected.
If you want to convert your non CAA JAR class 1 to a CAA one then you might find this link usueful for the flowchart algorithm explaining the process.
http://www.caa.co.uk/docs/49/SRG_MED...%5B2577%5D.pdf
I'd be interested to learn how much money could be saved by going elsewhere for your initial after factoring in the flights and the conversion fee etc.