As the requirement is currently written...
FCL.140.A LAPL(A) — Recency requirements
(a) Holders of an LAPL(A) shall only exercise the privileges of their licence when they have completed, in the last 24 months, as pilots of aeroplanes or TMG:
(1) at least 12 hours of flight time as PIC, including 12 take-offs and landings; and
(2) refresher training of at least 1 hour of total flight time with an instructor.
(b) Holders of an LAPL(A) who do not comply with the requirements in (a) shall:
(1) undertake a proficiency check with an examiner before they resume the exercise of the privileges of their licence; or
perform the additional flight time or take-offs and landings, flying dual or solo under the supervision of an instructor, in order to fulfil the requirements in (a).
...if you don't meet the requirements of (a) then you must comply with (b) before next exercising the privileges of the licence, even if, as in Phororhacos's example, you have previously done so.
NPA 2014/29 includes the following revised wording to resolve the issue but is still languishing in the depths of the bureaucracy:
Holders of an LAPL(A) shall only exercise the privileges of their licence when they have in the last 2 years, as pilots of aeroplanes or TMGs:
(1) completed at least 12 hours of flight time as PIC or flying dual or solo under the supervision of an instructor, including 12 take-offs and landings and refresher training of at least 1 hour of total flight time with an instructor.; or
(2) passed an LAPL(A) proficiency check with an examiner. The check programme shall be based on the skill test for the LAPL(A).