No, you're missing the point. Remember, your licence is completely independent of the ratings on it.
Until the early 2000's the U.K. CAA Issued licences that were valid for the holders life. Then JAA came along and licences were now only valid for 5 years. That changed back to lifetime validity with the introduction of EASA in 2012. During the change to EASA, JAA licences were "deemed to be" EASA licences until they expired at the end of their 5 year validity. An expired licence cannot be 'deemed to be' anything and that is where (I think) you are now.
Attached to ANY licence is a rating to fly an aircraft...(SEP, SET, MEP or type) which also has a period of validity. If the rating expires but the licence is valid you can't fly. If the licence has expired but the rating is current you still can't fly.... if you have a valid SEP but your instrument or IMC rating has expired you can fly the aircraft, but not under IFR.
If the licence and rating are both valid but your medical isn't current then you cannot exercise the privileges of your licence.
Now, as an aside, if any rating is still valid and you wish to extend the period of validity - that is called Revalidation and, under EASA, there is no training requirement - you can either meet the Revalidation criteria (12 hours etc...) or you can elect to revalidate by LPC with an examiner. If it has passed the validity period (expired) then there is a requirement to undergo Assessment / trainingand to be signed off by an ATO before LPC by examiner, in this instance it matters not whether you've flown 1.2, 12, 120 or 1200 hours during the validity period.