Guys
I have found a solution that lets you downgrade to the previous version of the remote app :-)
Tested and it works: -
When apps are updated through iTunes, tiny .ipa files are sent to the computer’s Trash or Recycle Bin. As apps are updated, the previous version’s files are sent here for deletion. Instead of deleting these, drag them to your desktop.
To restore an app to its older version, open up iTunes and look at your Apps list. Find the app in question and delete it. Next, drag the correct version file from the desktop into the Apps Library in iTunes.
Next, Delete the app from your iphone
Finally, sync your device. The app is now restored to a previous version.