Place all the ingredients in a bowl and mix well until you have a smooth batter. 

Cover with a towel and set aside for an hour. 

Place plenty of oil in a large pot and when it heats, take a little batter with your hand, close it into a fist, use a teaspoon to scoop the batter that is squeezed out of your hand and carefully place it into the oil. Then dip the spoon in a glass of water and continue in the same way.

When the loukoumades are golden brown, use a sifter ladle to take them out of the oil and spread them on some kitchen paper or a strainer to drain of the excess oil.

When you are finished with frying, place the loukoumades on a platter, spread honey on them and sprinkle with cinnamon and walnuts.