I’ve been expanding the amount of devices I have and returning to old code to try and sort out and update code that doesn’t run on newer IOS’s. While trying to compile Loopy Tunes, I came across the error  from Xcode, “could  not launch app, no such file or directory exists..” So here I found the solution due to one helpful blogger,
http://dhilipsiva.blogspot.com.au/2012/07/xcode-could-not-launch-app-no-such-file.html