Error trying to copy from bundle to documents directory

I have added an sqlite file into my application and is trying to copy it from the bundle to the documents directory. I have added the sqlite to target app as well. Following is the code I use to copy the file:

NSString *destination = [[[Utils applicationDocumentsDirectory] absoluteString] stringByAppendingString:@"myapp.sqlite"];
    NSFileManager *fileManager = [NSFileManager defaultManager];
    if (![fileManager fileExistsAtPath:destination]) {
        NSString *source = [[NSBundle mainBundle] pathForResource:@"myapp" ofType:@"sqlite"];
        NSError *error = nil;
        [fileManager copyItemAtPath:source toPath:destination error:&error];
        if (error) {
            //
        }
    }

But when this code is executed, I get the following error:

Error Domain=NSCocoaErrorDomain Code=4 "The file “myapp.sqlite” doesn’t exist." UserInfo={NSSourceFilePathErrorKey=/Users/harikrishnant/Library/Developer/CoreSimulator/Devices/8E531314-F1AE-417F-8E99-7AA92967CDC9/data/Containers/Bundle/Application/0A710929-475D-457C-8D2D-C2F2BBEB6B92/http://ift.tt/1Pwu10t, NSUserStringVariant=( Copy ), NSDestinationFilePath=file:///Users/harikrishnant/Library/Developer/CoreSimulator/Devices/8E531314-F1AE-417F-8E99-7AA92967CDC9/data/Containers/Data/Application/13B22E15-D00C-433C-9F02-014B1F73D183/Documents/myapp.sqlite, NSFilePath=/Users/harikrishnant/Library/Developer/CoreSimulator/Devices/8E531314-F1AE-417F-8E99-7AA92967CDC9/data/Containers/Bundle/Application/0A710929-475D-457C-8D2D-C2F2BBEB6B92/http://ift.tt/1Pwu10t, NSUnderlyingError=0x7faffe1b5cf0 {Error Domain=NSPOSIXErrorDomain Code=2 "No such file or directory"}}

I checked the following path using terminal and figured out that the sqlite file actually exists in the app bundle:

/Users/harikrishnant/Library/Developer/CoreSimulator/Devices/8E531314-F1AE-417F-8E99-7AA92967CDC9/data/Containers/Bundle/Application/0A710929-475D-457C-8D2D-C2F2BBEB6B92/http://ift.tt/1Pwu10t

But still I am getting this error. I tried everything. I even cleaned the build folder and reinstalled the application, it still didn't work. What can be the problem here? How to solve it?