Yes. There is no 'revalidation' as such on a LAPL. Also, the Medical requirements are less stringent than a Class 2.
The rolling 2 yearly requirements are basicly the same as the PPL, but spread out over the whole 2 years, instead of confined to the last year.
The downside is that, as the two year period has no fixed expiry date, you will have to check your experience qualifies before every flight.
As this is not easy to keep track of, and no one will ever have to check your legality, I suspect that a rapidly increasing number of LAPL holders will be flying illegally as time passes.
MJ