Beat all of the pancake ingredients (apart from the oil) into a smooth batter.
Heat your frying pan over a medium heat and brush the pan with a little of the olive oil
When it's hot, gently pour in enough of the batter to coat the pan, swirling the pan around to get an even coating.
Flip when the pancake is moveable and brown underneath.
When the next side is almost done, put the ham on top, then the cheese.
Fold in each side to make a square.
Break your egg into the space left.
Squish the sides down with your spatula to seal as the cheese melts.
Cook for 3 or 4 minutes until the egg is turning white.
Pop under the grill (or broiler if you're in the US) for a further 4 or 5 minutes until the yolk is just starting to cook, or however you like it.
I like to sprinkle with chopped chives before serving.
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This recipe makes either two very large pancakes or 4 much smaller ones. Of course if you wanted 4 you'd need to arg 2 more eggs for full effect!