Foreign key must reference a unique key

I want to create the following tables:

CREATE TABLE tbl_presentation_master
(pres_ref_no varchar(6) Not null,
other fields,
constraint pk_pre
 PRIMARY KEY(pres_ref_no)
);
CREATE TABLE tbl_pres_app_area
(pres_ref_no varchar(6),
app_area_code varchar(2),
Foreign key (pres_ref_no) 
 REFERENCES tbl_presentation_master (pres_ref_no),
constraint prd_tst_pk 
 PRIMARY KEY (app_area_code, pres_ref_no)
);
CREATE TABLE tbl_pres_application
(pres_ref_no varchar(6),
app_area_code varchar(2), 
app_code varchar(2),
Foreign key (app_area_code, pres_ref_no)
 REFERENCES tbl_pres_app_area (app_area_code, pres_ref_no),
constraint prs_app_pk
 PRIMARY KEY (app_area_code, app_code, pres_ref_no)
);
CREATE TABLE tbl_pres_products
(pres_ref_no varchar(6), 
app_code varchar(2),
prd_code varchar(4),
Foreign key (app_code, pres_ref_no)
 REFERENCES tbl_pres_application (app_code, pres_ref_no),
constraint prs_prd_pk
 PRIMARY KEY (app_code, prd_code, pres_ref_no)
);

Now when I run this, the first three tables get created. However, during the creation of fourth table, it gives me error message "no matching unique or primary key for this column-list". What could be wrong?