Combine ½ cup of the flour and the salt and pepper. Coat the meat with the flour mixture. Heat oil in a Dutch oven or heavy skillet and brown flour-coated meat mixture in hot oil. Add hot water and onion. Bring to a boil. Reduce heat and simmer covered 2 to 2½ hours until tender.
Cook peas and carrots according w to package directions, drain. Add to stew mixture along with bouillon cubes; stir to dissolve bouillon.
In a separate bowl, combine cold water with remaining ¼ cup flour.
Bring stew to a boil, add the flour mixture and boil for 1 minute, stirring often.
To make pie tops: Preheat the oven to 400°. Cut pie tops from the prepared crust with a large cookie cutter; prick with a fork.
Place on an ungreased cookie sheet and bake for 10 minutes, or until they look flaky and slightly brown.
Place stew mixture into 5 individual 2-cup casseroles.
Just before serving, place an individual pie top on each casserole.