Cut cheese and butter into flour.
Quickly stir in water and shape into a ball. Refrigerate overnight.
Roll out dough very thin and cut with a biscuit cutter into 2-inch circles.
Place 1/2 teaspoon of pepper jelly in center of each circle. Fold over and crimp edges with a fork.
Bake at 375 degrees for 10 minutes.
Turnovers may be frozen before or after baking. Makes 2 to 3 dozen.