Yes. Four 17,000 ton ships to replace Argus, Eagle, Hermes and Vindictive were part of the ten-year plan of 1924.
IIRC, they were to be completed between 1928 and 1938 at intervals of 3-4 years.
Had that plan been carried out the Royal Navy would have had 7 satisfactory aircraft carriers at the end of 1938, consisting of Courageous, Furious, Glorious and the four 17,000 ton ships.
However, I think the ships would have looked more like Courageous and Glorious with a capacity of 48 aircraft, which is still a massive improvement on the capacities of Argus, Eagle and Hermes. Plus they would be much faster and have longer flight decks.
This is because Sir Eustace Tennyson d'Eyncourt wrote a paper on the existing aircraft carriers. In it he said that if they had been designed and built as aircraft carriers "from the keel up" Argus, Eagle and the Follies would have displaced considerably less. His estimate for "keel up" equivalents to the follies was either 17,000 tons or 18,000 tons.