Heat a large skillet over medium heat. Melt butter in bottom of pan.
Mix all pancake ingredients together.
Pour 1/4 cup of batter in skillet. Cook 3-4 minutes or until golden brown. Flip over and cook an addition 2-3 minutes. Remove pancake from pan.
Add more butter to pan and continue last step until all pancakes are made. Remove pancakes from heat.
Heat a saucepan over medium low heat. Add water, sugar, honey, butter, and apples to pan.
Simmer over medium heat for 10 minutes or unti sauce starts to thicken.
Turn off heat.
Stack pancakes and pour apple topping over the top. Serve hot.